tb's salary and bonus package - concerning, page-7

I agree that he has done well. But please do read the report and perhaps you might see the point that I am alluding to. For the information of all I paste the following concerning TB's package:

(Start of quote from Report:)

"Table 1: Key Management Personnel compensation for the year ended 30 June 2011
Short Term Post Employment
Share-based Payments Total Total
Performance Related Salary & Fees $
Bonus $
Nonmonetary Benefits $
Accrual for possible bonus* $
Superannuation $
Options $
Ordinary Shares $ $ %

Director:
T.Barr (salary)333,169 (Bonus)262,500 (benefits)3,826 (accural for possible bonus)132,000 (super)14,752 (Options)360,000 (shares) 54,439 (Total $)1,160,686 42.3%

* This expense relates to the current year expense associated with the calendar year 2011 bonus plan. Based on probability analysis, using
Monte Carlo simulation, 60% of the total bonus is expected to be paid out. This expense represents the accrual from 1 Januar y 2011 to 30 June 2011. No cash has been paid in relation to this bonus.
1 These options were issued during the year ended 30 June 2011; however are subject to a vesting schedule dependent on each employee‟s continued employment with the Company. This value represents the portion of the expense recognised during the current year.

DIRECTORS? REPORT
30 June 2011
Samson Oil & Gas Limited Annual Report ? 30 June 2011
Page 11 of 78

Table 2: Key Management Personnel compensation for the years ended 30 June 2010.

....(2009 - 2010 Financial Year)........

T.Barr (Salary) 212,644 - - 10,966 - 38,735 (Total)262,345
*These options were issued during the year ended 30 June 2008, however a portion vested during the current year, therefore the expense has been recognised in line with the vesting of these options.DIRECTORS? REPORT for the year ended 30 June 2011.

Samson Oil & Gas Limited Annual Report ? 30 June 2011
Page 12 of 78
Table 3 Compensation options: Granted and vested during the year (Consolidated) ? in Australian Dollars

Name: Grant / Number Grant/ Date/ Fair value per option
at grant date $/ Exercise price per option $/ Expiry
date/ First Exercise Date/ Last exercise date/ Vested
No.*/ Vested %
Directors
T. Barr 10,000,000 18 Nov 2010 0.036 0.08
31 Oct 2014 - 19 Nov 2010 - 31 Oct 2014
10,000,000 100

Total to all Directors: 55,000,000 - - - - 37,666,665 -

* These options have the following vesting schedule, assuming the employee is still employed by the
Company ? one third vested on 31 January 2011, one third will vest on 31 January 2012 with the remaining
third vesting on 31 January 2013.

Table 4 Compensation options: Granted and vested during the prior year (Consolidated) ? in Australian Dollars"

......end of quote
............................................................

For simplicity sake I have only cut and pasted the salary, benefits, bonuses, etc., for Terry. I again encourage all to have a look at entire document as I may not have given justice in this transfer of information.

(10 million bonus options at say 10 cents each is worth $1m; 20c is $2m; or for every 0.001c increase is worth $10k and 1c rise is worth $100k to holder.) Good pay if you can get it. Bernie