At Bounty Oil & Gas Philip Kelso attracted a salary, commissions and bonus totalling $390,308.
What has he achieved?
Claims they have “reserves approaching three million barrels of oil equivalent” He wants you to think they actually have recoverable oil in the amounts stated when that might not be the case at all. Devil in the detail.
Claimed a discovery a Wakefield when none of the farm in partners including Beach the operator made no statements apart from fair shows.
But Kelso said "oil shows in at least six zones is a fantastic result for an exploration well in this very large lightly explored region". Then went on to say "the potential for coalseam gas also adds a new potentially major dimension to the value created by
our participation in Wakefield #1". Coincidence that coalseam gas is the flavour of the month with gold. Naaaa!
Rediculous statements about the pep 11 sydney basin targets like 16tcf.
You reckon you shareholders getting good value for money?
At Bounty Oil & Gas Philip Kelso attracted a salary, commissions...
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