Ann: 2014 AGM corporate presentation to sharehold, page-12

re: Ann: 2014 AGM corporate presentation to s... Jake you wrote;

"4. did you/me get to vote? I don't recall we did?"


Fully agree. I can't recall having being asked either. IMO the decision was already made before we were told about it.



""5. the share register appears to have changed, to the extent that the original pursuers of board change, have sold, and now the register is dominated by N/A institutions??""

That is also so true. How did came about.??
I still can't find out what the top twenty list is including. And for what it is worth, I couldn't find one in the AGM Presentation either.

Maybe, as I have said before, there is a method in someone's madness.
The only thing is that we will never know until we will be shown the cards. Too late then. Like it or lump it, we will have to swallow the bitter pill.


""6. of importance now, is that MPO have indicated that they will use the cash to invest in O&G coys in Canada. WHY do they think they have the expertise to better invest than all those O&G coys that have gone before them? ie wouldn't many other O&G coys have picked-over these targets?""

That is 100% my own idea and fear. Unless I have got it wrong in the past, I remember reading something about the cash which could have been returned to shareholders, or part thereof, and/or that there was going to be a buyback in order to support the falling share price. IT DIN"T HAPPEN....NONE OF THE TWO OPTIONS EITHER.......MMHHHHHH!!!!



""7. imho, I would have preferred to see MPO either return cash to s/h, or return operations to Aust in an environment its s/h are more familiar with. There are PLENTY of good prospects here in the O&G industry.""

You are not alone in thinking along those lines. I have been an advocate for that option (I.e. to stay here in OZ), ever since the first talks/ideas of heading to NA was put on the table. All to no avail though, while being constantly attacked by some ramper/rampers who have since vacated the area after giving me what for, for daring to put my ideas forward.
How can some people go to bed at night, and being able to go to sleep totally unperturbed, that is totally beyond me.

But it takes all kinds to make the World go around. Does it not.???



""IF s/h agree, and you have a strong view, you CAN make a noise. You DO have a say.""

Yes we do. But what can we do when we have these percentages of voting people against us.??
Do you think that ASIC will do anything about it.??? IMO you can dream on. They will not blink an eye lid upon this issue, you can rest assured.

And, like you, I am of the belief that, if there was a good company out there in Canada going on the cheap, some other Canadian Company would have made the move long before us. IMO if they left it to us, there is something there that they didn't want.
Don't forget that, for all the cash that we have got, for some Majors that only amounts to morning tea money, or just a small portion of petty cash money.

I can also remember the land that the previous CEO/MD bought in NA for many many millions of dollars which was supposed to be a company maker and that it was extremely cheap too. Well, IMO, that was another one of those baseless and very costly decisions that we all had to bear.

Plus the litigation that we still have to contend with, For Whatever Reason That It Might Be.!!!

When and how did all of that came about.??

What is the cause that started it all.??

Cheers mate. Like you, I should have sold out entirely when I was on the go, instead of falling for the trap and hogwash talks that someone was promoting.