While I agree that JP has previously gone way over the top, it served a dual purpose.
He managed to take up some options and sell a substantial amount just before they expired worthless. Apparently not being able to find the ball facilitated this. On a less self serving point, it has enabled us to issue shares to other parties at a much higher price than we would have been able to otherwise.
He's doing a great job, but far too many people have fallen in love with both the CEO and the company.
It's eerily reminiscent of the rise in the SP of GKP from 8p to 400p.
Numeric Investors LLC reported to FCA that it opened the above short on SOU on 17th inst. Below 0.5% need not be reported, so the actual figure may be much higher. Obviously, not everyone believes the ramping from BOD`s and PI`s alike. I fear the rhetoric from JP over the last year has left him up the creek with only a spoon for fprward motion. The over-indulgence in the use of game-changer, phenomenal, significantly above, building dreams etc, etc, etc, have meant that recent announcements devoid of such expressions have left a decidedly negative aspect to the announcements, when, to all intent and purpose, they were positive. I think the last rns on EWT TE7 used a single significant!!. Also, what happened to the `mega`tweets?. The sp is now headed South imo, and will require a RNS of tangible results to move it forward again, eg, TE8 or Badile gusher. I fear the CC at the Gherkin, will again only feature `phenomenal`, if JP is again pressed on the word! There may be a limited short term upside to the Gherkin CC.. And despite all the rhetoric from LTH on their `low`av sp, I`m confident that many, if not all, like me, have bought on the way up and have av sp in the 30s, 40s, and higher. Finally, holders who say `not sold a share, and no intention of doing so` are going to be tested over the next few months. If any one finds JP`s mojo, please return asap.
Joe...I agree regarding Meridja, a long while off, I would have thought 6-12 months for seismic's. Why not start it now though. I wouldn't have thought it would take too much of Brian's time up. Farm out to schlum and let them pay and carry out the seismic work. Personally, I would rather we retained the area after any liquidity event and went with 'rinse & repeat'. I don't think we would get fair value for it if we included it in any Tendrara deal.
You are correct about Luca saying it could potentially hild more gas than Tendrara. But it isn't on the starting blocks yet, so the market won't give us a lot of credit for that yet. One hope is that with funding via Ogif things are really speeded up. Probably something we could throw in as a sweetener with Tendrara should we get an offer I would think.
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