Interesting post;"The "major" reason for Heugh's sacking was his...

Interesting post;

"The "major" reason for Heugh's sacking was his reluctance to take on farm-ins. This gave the impression (to me anyway - and most likely other holders - that there was a farm-in or farm-ins on the table. Hmmmm..............this from Hot Copper.

Oh, how wrong can people be. The insiders say the real REASONS Heugh was sacked was that he wanted to run a commercially competitive global farmout process managed by independent advisors, you know, 24/7 coverage, bids in a strict timeframe to really shake the trees. Heugh and a consultant in the US had already started that process and had about 15 expressions of interest on the table when Heugh was sacked. The external consultant was also sacked so that Shortt could grab the glory. Now, teh buzz is that Shortt has been sacked from farmout duties and it has gone back to the MD. Heugh asserted in one of his mostly ignored releases that Shortt ahd never manageed a farmout process "of the tenor required"

The main quarrel between Askin adn Heugh was the decisoin forced on him by teh board to release the rig and muddle on with more seismic instead of getting multi thousand barrel per day production in hand at Surprise, and farming out from a position of strenght. Askin does not like being dchallenged and very soon Cottee is going to challenge him big time adn that will be the end of Askin's desperate ploy to bring Cottee on to protect his position. This board, IF it survives the meeting on the 19th intact, will not last. Cottee's agreement to resign if Askin, Whittle or Dunmore are remmoved is worthless; he won't, he will relish the opportunity to get rid of the old timers who have never grown a company in their lives and have no concept of what it takes and how to do it. "