This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog.
My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go!
If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond.
So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. We really need a social / media savvy individual to help generate more interest in this.
Consultants would look into the data. At the moment sc55 has little value but over the 2 years they may be able to farm this down and get a free drill carry....it has the latest 3D and is undrilled...short term it's all about the new asset
Yes... they will be analysing data... which I assume will mean we will have to foot the cost of data analysis. But! You tell me; we have an oil/gas field that is currently producing nothing. 37% of nothing is nothing.. so without income... what happens to our cash reserves? Interest rates around the world are virtually nil... so explain to me why.. the market will respond positively to the increased stake?
Stuiegee - do u know what is happening with sc55? It's a request to not undertake any exploration etc for 2 years so why would we cash burn??? The idea is to farm down when the sector recovers....no chance this will drift with the current oil and gas upturn. Agree Georgia is a bag of crap
I've halved my holding for the time being. This is going to drift. SC55 if granted the Moratorium will burn our cash on exploration. There hasn't been a project that has been moved beyond due diligence... So we're talking at least 2-4 months before news. We'll get virtually nothing at best for Georgia; it's a farce that's been on sale for 2 years or whatever and no one wanted it at the height of oil.
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