its old hat OFs pay all shareholder know it already...let him get on with these assets holders believe in,,those that don't believe in the assets are usually only here to trade and will use any published news for their own device..with pnr rawicz will be in production..good things come to those that wait..yes been a while but it will happen
An oil find by Genel in the magnitude mentioned in the next week or two could kick us into the 5p+ range. . Pnr, Wisent and Aspect will take a long time to have any material affect on the SP. They were farmed out on the basis of " we really don't know what to do with these licences so you have a go". That article in the Times has probably done us a favour in highlighting OF's position. He knows now he has to plough on with this horizontal. Suddenly the whole world is watching him, including the major shareholders, so kicking the can up the road, which is his forte, is no longer an option.
as I say people are just complaining about OF pay because of sp...now if all went according to plan!! we had already production this year..sp wouldn't be where it is..same if bnk or 3legs were fab results and commercial..sp wouldn't be where it is..all these things are due to exploration..
OF pay was voted in and will be voted on again by major holders...they must see something you or others don't otherwise he wouldn't get it or he wouldn't be in the hot seat..personally I couldn't give a fig if he is paid this or like many think 10p a year..will he deliver..the big guys seem confident...and if they are so am I on success and when it happens and you have a huge wedge made by OF you and other wont worry a fig about his wages..just taking a little longer that's all..but it will happen..too much going on not too..cheers links
The company are complicit in this you only have to read there remuneration policy to see it's being ignored, to say now he's getting is salary in stock is laughable to be honest as I have seen no reduction is pay to show the reduction in company worth !!
"Judge where to position San Leon Energy relative to other companies; the committee should be aware of what comparable companies are paying and should take account of relative performance - but the committee should use such comparisons with caution, in view of the risk that they can result in an upward ratchet of remuneration levels with no corresponding improvement in performance;"
O.F is over payed you know it, I know it and the FT knows it stop defending the indefensible, his package was only changed when it became untenable..This is San Leon not BP his package should be determined on results, I have has a massive problem with this for to long as you know..
If Sidi Moussa finds oil then great but I unfortunately do not count on it ; I can not recollect when was the last offshore find. Plus, I do not think it would have enough pulling power to shift the sp dramatically. Barryroe, if and when it happens would indeed bring some welcome cash to the kitty to further develop Poland maybe but again nothing more as Lewino horizontal and frack could be done even with it. Albania, interesting but never ending. Morocco, Zag looks good but no plans for it really. So apart Lewino if/when drilled, fracked and hopefully commercial, which would send us to a new completely different league, but until then, Imo, our best hope are PNR, Wisent and Aspect, but we desperately need some serious drilling action, and no more talks of it. Also, I do not believe that the major shareholders would be taken for a ride for so long and to such an extent by OF so I can only come to the conclusion that we are still on track for great results eventually
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