Extract from FPM Interims. Probably what we all believe anyway. "The Company has written down to zero the carrying value of its interest in the Perth licence (Faroe 39.95%, increased from 34.62% following Atlantic Petroleum's withdrawal) having done the same for its interest in the Lowlander licence (Faroe 100%) in 2015. Faroe's managements view is that the current market conditions, there is a low likelihood of commercialising these interests in the near to medium term." GLA.
The shares are now trading at 3.5p equivalent pre consolidation. Placing at 12.25p 2014 pre consolidation where tom cross took a considerable amount of shares at that price. This company is here for the long game. I only have 60k shares around the 50p mark everything else was more or less in xcite vut I forced myself to keep 30k away from xcite and put it in here thinking it wd be a minimum 4 bagger in the not to distant future. The only thing I havnt been happy with is his stake in athena, it seems money would have been better spent elsewhere, maybe that is hindsight speaking but I assumed tom was wiser than that. If I had more cash I wouldnt hesitate to put it in, but alas, I have no more, aim has taken it all bar these and all that remains of xcite, oh and daniel stewart! No more for me now, just wait and see what parkmead deliver, ever the optimist!
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