Another company drilling in same area as RRL puts out excellent production news at 1037 following a major share buy first thing at 4.95p and share price has fallen slightly. Our Chairman resigns and shares go up quite significantly.
Have been off-line and price was .76 when I was lost in space. So very pleasant surprise this morning.
Loads of speculation about new non-exec Chairman, and just hope he is better than Sir Peter Broadbent at T*sco, whose only claim to fame is that he played football for Wolves and England 50 years ago.
I have looked at Rory's letter this morning and, much as I love speculation, it seems to be there is "nothing to see here, move along the bus please". Sir Sam has had a very distinguished career and has helped with politics in Trinny and Somalia, I feel sure. But he is past retirement age, no doubt fed up with air travel; and he has tragically lost his son recently. I think shareholders should show some respect next month and wish him a happy and long retirement or semi-retirement.
Nice to see the share being nicely hustled along after so long. Lets hope the £15M is put to good use rather then creeping into one of the Board's Pension Pot ;) Perhaps an upward trend for a while today/this week?
Mr Graham Lyon, Non-Executive Director Mr Graham Lyon has over 30 years of experience in the oil and gas industry, working for a wide range of listed and private companies. Graham has a BSc Eng (Hons) in Petroleum Engineering from Imperial College London. He started his career with Chevron before moving to Shell as sub surface team leader and as project petroleum engineer. Graham then spent 14 years with Deminex in a series of technical leadership roles in the UK, Germany and Egypt, and its successor, Veba Oil and Gas, including Regional Manager for the Caspian and Middle East, thereafter he was heavily involved with the sale of the company to Petro-Canada. Graham remained with Petro-Canada for a further 7 years holding roles culminating in Vice President Strategy and Business Development, International and Offshore. Within the last 5 years Graham has held the position of President and Chief Executive Officer of Mena Hydrocarbons Inc, a TSX-V listed energy company, with assets in Egypt and Syria and is currently a Non-Executive Director at Hawkley Oil and Gas Ltd an ASX listed energy company, and a Director at Tarbagatay Munay LLP a private Kazakhstani oil and gas company and Soncer Ltd
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