Management, page-7

For those of you still praising management, here are some facts:
1. Mahalo first booked a contingent resource in 2010.... 10 Years ago;
2. Tor M has been with COI since 2010, has been paid an average of $400k for 10 years + a considerable amount of shares (noting that a number of performance shares have not been converted because milestones were not achieved)
3. The share price today is considerably lower than when this management team started in 2009;
4. Rarely have management made on market purchases
5. Since 2009 a number of QLD csg projects have progressed from FID into production (QLD Gas, Senex, etc....)

This team moves slowly

Lets see if management hit their performance target of the 31st Jan 2020 lol

Tor McCaul: 1,000,000 Performance Rights linked to the Mahalo JV resolving to proceed with the commercial development of the Mahalo Gas Project.Expiring 31 January 2020

Tor McCaul: 1,000,000 Performance Rights linked to the decision to proceed with the commercial development of the Albany Gas Project in the Galilee Basin.Expiring 31 January 2021