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COC now realising just exactly what KH and his team had to endure with Biya's corrupt MOM etc. Cameroon is no place for a GB company to flourish - quite the opposite. The opportunity cost for COC must be sobering - they could be tied in here for years.
Buys seem to be much greater than sells and yet share price keeps falling ,how come may I ask
I certainly hope this starts to come better. The sooner the better.
GLTA
Down at 11.5p the head honcho from Crown is a long way off his 45p bonus. I wonder what Crown are making of their investment in this, they must be many millions under water, do they have a plan? I thought they did but now I have a feeling they've no idea how this is going to end.
Agreed with all you said and "yes" why bugger something up when it works just fine ,
Morning all . This share is a real pain in the butt . I am one of the holders who reinvested the dividend
same day I was paid it only to see it fall over another 5 pence since then.
My average was well over a quid at that time having been in Bow many years, so like many others put the dividend
back. Imust say i thought things would progress from there but so far its gone even worse than ever. By the way am i
the only poster not impressed with this new format,i found it much easier the way it was. if it aint broke don't fix it
now since any worthy news. Come on BOD give us something!
Looks like things might be happening.
https://www.businessincameroon.com/hydrocarbons/2106-9239-russian-oil-company-lukoil-eyes-cameroon-s-lng
There is supposed to be a joint venture meeting this month inclusive of Cameroon Gov, to discuss development options.
The fact we haven't received a RNS can only assume it hasn't yet taken place.
"Not... this is going to never end"
absolute nonsense
i like how the article cant even get KH's name right.......lol
"departure of former head Keith Hart"
and isnt the below good news since we were always told there is far more money in the liquids
"the view is that it's going to be more of a liquids as opposed to a gas development"
its a neutral article........nothing new.......we know options are still being explored and its going to be drawn out........so anyone without the patience needed can sell out at any time they choose
Not... this is going to never end
From the ADVFN board
https://www.petroleum-economist.com/articles/midstream-downstream/lng/2019/etinde-gas-export-project-hangs-in-doubt?hootPostID=e99ed76ac8228b20fbb5f6a6270feff7
Excellent find Gark and thanks for sharing, it not only frees up cash for development there could be enough left over to buy out BLVN's 20%.
Thanks for posting Gark, that is encouraging news for all us suffering here.
New age press release:http://www.newafricanglobalenergy.com/sale-of-new-age-interest-in-marine-xii-licence/The proceeds from the sale of Marine XII further strengthen New Age’s financial position and also position the Company to pursue further growth opportunities in Africa. These include Marine III, as well as the Etinde development in Cameroon and exploration and appraisal projects in South Africa and Ethiopia.”
http://www.oilreviewafrica.com/downstream/downstream/lukoil-acquires-hydrocarbon-project-in-congo
Fully expect news flow on Etinde over next few weeks. This move frees up cash for development of Etinde.
Been in here for a couple of years and decided it is time to sell out at a loss and move on to other opportunities. Took a while to sell my shares in chunks. My mistake was not to do so earlier around the time of the special dividend but always easy to see that after the event! I hope for lth’s that FID does actually happen here at some point but the Russians appear to be calling the shots and our BOD simply have to wait for them to decide what the next move is.
Yup, I'm still hanging on. Been a real dog of a share. But I still remain hopeful they will achieve FID and then be in a position to sell out and return me a modest profit. I think my average is around 56p, but it's been so long I'm really not sure anymore!
I am wandering myself what is going on.. I have lost faith and think there is a very high risk that new age and Luk oil drag this out until we can not carry on.. not sure what the end game is now..
not much point posting. still here; non of us can do anything about the situation. will sit and wait until goes bust or they sell up
Me too also with average over a quid. Where has the time gone is this ever going to come good.
Good luck to all
I'm still here with a £1.01 average..... this will probably still be in existence when I'm not!
That's a relief that I'm not alone, I've got 150k and a long way from break even. Next year we will be millionaires Rodders!
I'm still here with my 200k shares. Waiting patiently for Biya to approve/die/get bored with faffing around. We'll be worth a lot more when FID happens, so hang on.
600 shares traded all day, BBs all quiet, am I the last man standing? Looks like regulars like 1msn are no longer with us , I was hoping this would all be over by now, that the return of cash was a precursor to a sale of the company but alas we are still in existence. So who is still here?