You have every right m8. You have attended AGM's in the UK and in Guernsey, been on PI Calls, supported the board etc and reported back on your views after meeting them on character etc which have been positive. The removal of the audio was just silly. I was told that anyone who wanted to listen to it would have a listened to it by 3 weeks. Final straw! Anyone who wants to research chariot and invest no longer has access to the audio. I do not understand why they think it's a strong argument for removal. Anyway - HC - all posts permanently deleted. Larry and his chums need to prove they can create a compelling story which PI's believe sufficiently to improve SP and sentiment. So far they do not seem to understand the link or indeed care. And that is why I want Larry gone. We need someone to evangelise the assets which are first class but which are valued at zero by the market. Someone has been remiss in taking care of PI sentiment.
Below is the response i received today answering (some of) the questions I emailed....
I hope some of your questions were answered in the announcement last week.
The reasons for the fund raising are clearly explained in the relevant announcement. As you know, the market environment has considerably changed over the past few months with the collapse of oil prices and capex budget cuts in the sector. Chariot is well positioned to withstand the challenging environment thanks to its low commitments and a strong cash position, but like its peers it had to adapt and decided not to pursue the new venture for which it applied last year due to the resulting risk and cost exposure.
I would like to reassure you that we certainly never discouraged Helios Chariot and in fact have always cooperated with its administrator, diligently answering all his questions and providing all the requested information prior to each publication. We indeed asked for the call recording to be removed as this is Chariot’s intellectual property.
Sorry mate and your right - I'm getting a wee bit tetchy about Chariot no Oil and no Gas but then again I've earned the right to be - I've done my bit over the last 5 years - backed the Board even when others were baying for their blood - put my money where my mouth is - now it's their turn to prove up or Frack orf ...
Talk is easy - 2008 Chariot started 2015 and not enough oil to cover my garage floor or enough gas for a good fart - plain speaking time.
World class Geo's ? Proven record ? Elephant Hunters ? Fast Followers ?
More sound bites than a Tory Party conference !
Wake me when there is something other than B-U-L-L
TRP went to £180m market cap on fresh air and one bite of the cherry. We have loads of bites lining up - farmouts and drill turners. Oil is recovering and it only needs one drill commitment to get this going because the prospects we have are huge to say the least. 20p = £50m market cap. We have $55m cash ($3m of Morocco to come in). We have not even started farming out Loukos or Mohammedia yet. And the Mauritania CPR will be out by Mid May latest....no debt ... Exciting 2015 ...we are in the business of finding elephants offshore and not the union jack oil 80bpd stuff ! Different strokes ...
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