Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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When one thinks that under the funded plan they could have got this going four years ago on the fsp/ssp basis. What clown was it that sanctioned this big boy proposal without any prior funding or partner in place before dropping the rbl. One complete c*ock up after another over the years with this shower of inompetents. Now $450m has been expensed against a $2.3bn NPV-10 on which they can't even appear to be able to raise $150m after six years of trying. The real shame is they are taking thousands of smaller shareholders down the drain with them.
I'm afraid Rupes & co have done a runner with everyone's money mate - hopefully someone will track them down some day and, er, return the favour one way or t'other ...
Moved house in March ffs lol - talk about premeditated ... Is he even still in the country? Kew too?
what the hell happened here? Jeez
Don't hold your breath......
I work in a factory. I've struggled for 45years labouring away. Listening to your claims of the share price "Doubling or trebeling" when it was at £3.65 I though I had a chance of investing into something that would end the drudgery of working life. I bacame the proud owner of 193,000 shares in XEL. Spured on by your optimism I traded this share all the way down. I managed at one stage to have 250,000 shares. Can you please take quiet moment and try and emagine what this is like for me now. I'm 60 years old. I have nothing left. I will now watch my money go to an organisation that is stinking rich. In my later years I will watch in horror as this field is developed and all my money will go to an organisation even richer than the bond holders who "Stole" it from me. Here is my email address if you would like to talk rob.wainwright@sky.com
Got charged 20 quid this week by lloyds tfor my isa share account That's more the ****img shares are worth
Doubt this will ever get relisted, complete management shambles.
He moved house in March. If you're that determined to find him go to the office and ask to meet with him. if that doesn't work wait until he a) turns up in the morning b) leaves in the evening to speak to him.
ashcroft, what are you blithering about......what did I say was sound?
Heard of sarcasm?
Forkliftseller ! give me your opinion of how its sound?
How is it sound? Please inform me
For R. C. Does anyone have an address.
Overhype. Try a few commas and full stops here and there. It will make the ramblings of a turncoat easier to read.
Ignore the negativity on here, this company is sound. Jog on, fool.
They are a useless decieving cheating , lieing.corrupt board who must pay for how they have tricked all the shareholders. Funding no problem ? Look the oil flows in rc video. I bet they have made there money. Cunch o horrible tricksters
Mr toxicnerve nightmare mr Cole should be pursued for not informing shareholders he was looking Into insolvency 1 year ago if in USA he would have been issued with court proceedings
Hi Raspberry, I don't think this is a pre-pack administration but simply a liquidation. The only asset of note is the licence and to be frank if the BH could have sold it for what they are owed they would have already done so, so I see no upside or competitive bids. IMO any buyer is going to want to know that they are acceptable to the issuers otherwise they may be buying into something that might very well lapse rather than be renewed. One thing for sure is that any buyer is going to have to show they have the cash to develop the field !!
The key issue here is going to be what value is realistic for the liquidator to realise from a sale of XER intact. The liquidator will be able to sell the benefit of XEL's shareholding in XER together with the benefit of XEL's parent company loan to XER. Clearly a sale for an enterprise value at or below the outstanding bond amount is going to leave nothing for shareholders. Is identifying a bidder at an amount in excess of this realistic in the current climate? This needs an expert in the sector to answer. Is there any prospect of the liquidator being able to establish a competitive bid process? The court involvement in the BVI may mean that there is potential for more scrutiny than in an old UK style pre-packaged administration. An
That decision has been taken from you Ashy, at least temporarily(so they say)as our CEO, has voluntarily had them suspended, so you're just stuck with them. Wonder if Rupert & co have managed to offload theirs or have any 'Concessions' in place when the dust settles...
You coteript barsteward you seen Jersey Oil and Gas. Now that is how to run a NS oil company....
Should i sell at a loss? If i keep them what happens if they go into liquidation?
Not likely I am afraid as it will lose its assets on sale
Thanks for responding, my broker doesn't email me anything, perhaps I should talk to them directly? The best outcome I see is to wait enough time, perhaps a few months, or a year or two, and it is re-listed and my holdings will then have a value again.