value for money

Reading the Directors Report it states that staff have increased from 10 in 2010 to 23 in 2011. The new staff are Chief Geoscientist,New Ventures Advisor,Senior Geophysicist,2 Geoscietist,Geological Assistant,Senior Commercial Analyst,Accountant with more staff TBA Senior Geoscientist,Senior Reservoir Engineer,Gas Marketing Manager.This is part of the reason why the cost of Directors,Employees @ Consultants increased from $3642082 in 2010 to $5079433 in 2011 an increase of 39%.When you consider the sale to Petrobras and the Capital raisings because of Artemis, you could say that Shareholders received value for money from Management in 2010 even though Artemis was a duster.A bonus of $150000 was paid to Jurgen and $50000 to R Gard for their efforts . Unfortunately these efforts have not been reflected in the Share price which continues to languish due to lack of confidence after the duster.It is hoped that 2011 will show a huge increase in the Share price due to the efforts of existing and new staff, in particular the new Gas Marketing Manager. My thoughts only. Do your own thing.