I honestly believe that positive or negative posts make diddly swat difference to the SP. What is happening is we have faired reasonably well vs our peers over the last few months and are now readjusting based on lack of positive news. Year end hopes re positive news flow and in the lead up to the investor drinks today have been dashed again. What will influence the sp medium to longer term is delivery and results. full stop. i would buy more here if i had the funds, but this sell off should not really strike anyone as much of a surprise imho.
You have to laugh, or you would cry...my purchases today were near the days high-spectacular, told you frankdoh you might be the luckier of the two of us. Seriously longterm hold not that concerned-but more negative posts will just feed on the slippage-c'est la vie
Are we processing the multiple permits at all of our sites in parallel? If not why not. If so, report each small step forward. Yes
Neversa, whats the hold up? How can we speed it up? Italy. You can’t.
Whats the $18 Million from Indonesia about, how likely are we to get it and in what time frame? Payment contingent on success for the wildcats in Indonesia. We received a payout with contingent rights to allow us to exit, reducing our cash burn for opex in relation to these assets
Sale of non core assets. When? Are we going to replace them, or just keep the cash? This is price sensitive information, expect a vague answer. The answer will likely be that cash received will be used to fund the ongoing programme.
Perk up the web site. Add some more pics and info on a weekly basis. Why? ‘Pics’ aren’t going to cause an increase in share price
Better comms from the board. The market is updated when there is news to report
Are we going to drill Badile if we don't get a partner? Expect an answer suggesting use of alternative sources of finance.
Can we post a list of question here and see if we can get some feed back tonight.
I have lots of faith in the company and its leadership, so I'm not knocking it. But if we could get a list together of the most common gripes that would be a good way to use the drinks evening (I'm not going btw). Rather than everyone asking the same questions again and again (Badile farm out, permits, slow Italians etc), let's use it to get some structured answers..
Are we processing the multiple permits at all of our sites in parallel? If not why not. If so, report each small step forward. Neversa, whats the hold up? How can we speed it up? Whats the $18 Million from Indonesia about, how likely are we to get it and in what time frame? Sale of non core assets. When? Are we going to replace them, or just keep the cash? Perk up the web site. Add some more pics and info on a weekly basis. Better comms from the board. Are we going to drill Badile if we don't get a partner?
I'm sure there are many more that I've missed. So, please post them in this thread.
If some kind soul could raise these points on our behalf (and provide a printed copy to JP for good measure) that would be great.
''What more can you hope to gain" says frustrated b33661 (love to know how you dreamed up that handle)...........There's always the prospect of a free **** up & a gossip with the 'Brokerman' to cheer you up............ On the brighter side..........not many companies on the O&G are doing any good at all. Just look at Shell's latest announcement about shelving huge projects. Or look at the likes of Caza, LGO, RR, President Petroleum........the list literally goes on and on.
We are funded, well run with some relatively high COS projects to look forward to. Are the time delays also frustrating for the likes of me - of course they are. But these things take time (don't we know it). I'm not for one moment losing faith. Looking around.................we are luckier than most with our choice of small cap O&G.
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