Hi All
Well it been a great year for the MD of WGP, whilst the rest of the world settles back and decided to restrain cost WGP just carries on with the lunches et al in Perth.
Think about this, all of WGP exploration areas have been farmed out to either ROC or the Oswals so in theory WGP should have little need for a full time MD and staff.
But due to the intense work load and effort required to run such a large multi-national company the salaries and expense were still over AUD 325,000. Shareholders must be well pleased and grateful to these superior Directors and all there wonderful efforts.
The good news for the Director that is that they have decided that earning so much for doing so little isn't quite enough of a positive return so just to make sure that they retain any upside they have issued another 30,000,000 options exercisable between 3 to 5 cents.
Why wouldn't you if you could do this.
All I can say is
"I love there work"
Lets see what rabbit these rats pull out of the hat this quarter as only AUD 22,000 left to spend is is extort!
cheers
PC43
PS Any idea how much oil being produced?
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