Let's hope he finally meets one of the deadlines he set as he has yet to get close to achieving meeting one of them....1 year to drill and test 2 shallow land wells.....That's a poor show in my eyes however I am sure that will not have anything to do with KH and his band of money grabbing hanger on's.
I am looking forward to hearing what salary cuts they have taken and hope it's in line with the rest of the industry, However I fully expect all of them to have received a handsome raise due to the money that's in the bank ( He won't take into consideration the fact he has spent 4 times the amount).
Good luck NT22, you need it!! I once was like you but 4 years down the line and 100k down I have lost the love for KH.
yes I realise he has under performed some of the peers but running out of cash they could have turned into an "Afren" He has bought us time, the sector has been a disaster the real test I feel is the next 12 months he has a real chance to make a significant contribution to shareholder value as are foundation for a turn around are there.I hope he delivers!!
Looks to me that we will have significant sellers as we move back up. However if the bod can deliver a revenue stream with the recent finds and with the potential of etinde there will be many more pi's who will invest This will be really helped if all the bid were to buy 30000 shares each This could be the share for 2016 I still think kh has done well with the market conditions If he can get the shares back to £3 he can retire in style!!
For anyone who thinks that Bomono is going to take a year or two to get gas to market, assuming it is commercial, then you ought to read the following link:- http://exprogroup.com/media/11263/Production-Systems-brochure.pdf EXPRO are the people who supplied the gas processing plant and sundry kit to out neighbours VOG. I particularly like the paragraph headed Early Production Facilities. Contract awarded to production ready in 20 weeks.
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