...well have ulterior motives. Do not assume they are simply happy with his pay based on the shareprice.
Perhaps it may be he is placing/allowing large stakes of this company (or it's licence plays) to fall into their hands on the cheap hence the silence. Is this not possible? . If so, to them he is probably worth every penny. To the private investor? Absolutely nothing.
We just don't know do we, so it's a matter of trust. Do you trust him? Does the market trust him?
Pay indeed looks obscene, especially compared to the sp. But all major shareholders seems pretty happy with it or would have done something about it a long time ago. Also I do not believe that these people/companies would be very pleased nor that stupid to be taken for a ride for so long. They did not get where they are by being naive. So I can only assume that there must be a very good reason behind it and well worth it. I believe we will find out within the next 6 months.
...thanks for the reply. Just to repeat it as it may have been lost,
"He is on £4000 per working day, plus options and significant line of credit at almost no interest.
There is no pay for performance indexing in his record high base salary which is unheard of on this market let alone the FTSE 100 .
To be sure to be sure £425,000 in the last 5 months"
So Oisin Fanning is taking this huge salary from where exactly? Where is the money coming from for his extremely high, above average pay cheques? How much money has he made for San Leon in the last 5 years?
The Polish market for ceramic proppants is now too small for global producers. Exploration companies on the Polish shale gas market require a full range of ceramic proppants, of different sizes, quality and strength. By offering a full range of such products, BALTIC CERAMICS will support the effectiveness of extraction of shale gas and oil from shale rocks. The location of the BALTIC CERAMICS production plant is excellent for delivery of proppants anywhere in Europe.
are they?will they?...you bet they will!!............... People demonstrating at La Petite Brosse, near Jouarre, outside Paris, to protest against an exploratory oil shale drilling, considering that it opens the door to the exploration of shale gas in the Parisian Basin. People demonstrating at La Petite Brosse, near Jouarre, outside Paris, to protest against an exploratory oil shale drilling.
Industry welcomes law bringing stronger oil and gas rules but Greens say leaving out shale gas is a ‘major setback’
theguardian.com, Wednesday 12 March 2014 15.29 GMT
People demonstrating at La Petite Brosse, near Jouarre, outside Paris, to protest against an exploratory oil shale drilling, considering that it opens the door to the exploration of shale gas in the Parisian Basin. People demonstrating at La Petite Brosse, near Jouarre, outside Paris, to protest against an exploratory oil shale drilling.
EU politicians on Wednesday voted for tougher rules on exposing the environmental impact of oil and conventional gas exploration, while excluding shale gas.
Member states such as Britain and Poland are pushing hard for the development of shale gas, seen as one way to lessen dependence on Russian gas, as well as to lower energy costs as it has in the United States.
The plenary vote of the European Parliament in Strasbourg, France follows a compromise deal on the draft law in December, which was struck only after negotiators agreed to leave out references to shale gas.
Member states are expected to give their endorsement over the coming weeks, after which the law will become final.
Under the planned law, assessments of a range of infrastructure projects, as well as oil and gas, will include their impact on biodiversity and climate change, plus measures to ensure authorities granting approval have no conflict of interest.
Industry said the new law avoided placing too many restrictions on projects during their early phases when commercial viability is unclear.
“While not imposing unnecessary requirements on the upstream oil and gas industry, the new rules will guarantee that any development, including exploration for shale gas, will be subject to strict environmental standards,” Roland Festor, director for EU affairs at the International Association of Oil & Gas Producers, said.
Shale Gas Europe, which brings together companies such as Chevron, Total and Cuadrilla Resources, also welcomed the law.
“Shale gas could potentially play an important role in meeting Europe’s acute energy challenges,” Marcus Pepperell, spokesman for Shale Gas Europe, said.
Polish authorities have granted about 100 licenses to foreign and domestic companies to drill for unconventional gas and have sought to revive investments from companies including Marathon Oil Corp. and Exxon Mobil Corp
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