You remind me of the musicians playing on the deck of the titanic as it sank. The only ember burning is the one on the end of your marijuana cigarettes, and it appears to be burning brightly because you have to be high to still be here thinking that the phoenix will rise. The equity was wiped out in the administration proceeding. Tis over. The fat lady went home last year.
I am almost positive in the report I read last year they gave the production to the bank in payment for the bank loan. The subsidiary they sold for 1 million covered most of the remaining assets including the part with the failed deep well. It was sold to an associate of the company who was trying to buy into us at the end. This report mentions none of that only the 1 million sale of the subsidiary. Dam old age messes with the memory.
No idea mate. It could be another 6 months, a year or more. However, oil above $50 a barrel and staying there gives me hope that we may come through this. I read the whole report and somewhere it said they owed so and so £1 million and they paid it, before the deadline, Where did that come from? We could be at 5,000 bbls a day now for all we know.
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