The history of this company is and was that it was going along quite nicely until POO fell of the map and affected every oil company in the world . A stuck drill in 678 never helped . So if Poo never fell and 678 never got stuck? where do you think we would be??? History is just what it says , it is in the past . No new plan on drilling or future POO can be calculated by history! If you go back far enough historically then you will find that we never produced a drop of oil at one point . So what is your point ?
I think it's crazy to believe this would be allowed to go to these levels with lgo taking the opportunity to dilute and have cash reserves. I hope it works, but the history of this company would suggest otherwise.
Get the feeling most on here would be happy to sell all at 0.5p and defo 1p if you are brave or savvy to avg down or sold higher and bought in lower..... imho its 50 /50 the way shareholders been treated which should raise alarm bells... im still in waiting for decent rise sp and genuine drive from management... and to all negative trolls and lgo positves kissy on the deriair of nr. The proof is in the pudding actions speak louder than words and genuine shareholders have a right of an opinion even if a cautionary one... THIS IS AIM AFTER ALL... good luck and happy fortunes and to all those who genuinely have posted info on here like OAT...
"management are doing to reduce the admin costs as $6-7m per year" Wow. Wow. Wow. This is not good. Oil is $4,500,000/yrs and no staff/the guys/etc. $4.5m-$7m(London)-$2m(Trinidad)?=(-$4.5m debt) or more!
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