Mr Jim Stanley is and was at all material times the beneficial owner of Mir Oil Development Ltd.
The Bula shares, both formerly and currently held by Chamonix Nominees Ltd, in trust for Mir Oil, are and were at all material times beneficially owned by Mr Jim Stanley.
When Mr Stanley told Bula that Mr Charles Ellis was the owner of Mir Oil, he was deliberately making statements which he knew to be untrue.
An announcement about Well 705 in the Salymskoye oilfield in Siberia given to the stock exchange was based on false operations reports.
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Mr Craig Bond is not now and never has been the beneficial owner of all or any part of Mir Oil.
