The oil price will recover bounty it is a matter of when not if, there has been a lot of game playing by OPEC and the Russians. Look at Putin this week cutting 60% of gas exports to Europe. They feel threatened by the massive growth in fracing in the US. It wont happen overnight and we are lucky, Trinidad has a lower cost of production per barrel than may other places in the world. Check out LGO's recent RNS for confirmation of that.
I must admit reading is quite pleasant...lets hope they back it up by some actions now.....It seems current BoDs may have some dealing with PL but they are not his pony....they are on their own to protect their interests, and at the moment seems only way everyone can benefit is by SP variation....I like the particular answer regarding pricing of L&O services..Only issue now is oil price :).
I mean Carve of course. Looking forward to his incisive explanation as to why the Q&A actually means disaster for shareholders, followed by the usual disclaimer that what he says might not actually happen (as he has taken to doing recently).
Strapped in, glass of wine in hand, waiting in eager anticipation.
I was impressed with quality of questions. None attacking the present board and all quite positive and what genuine holders were wanting to ask. Also impressed with answers, and BOD avoided criticising previous management or providing guarantees that they cannot guarantee.
Questions still hanging for me (perhaps to pursue on Friday 13th next month are: 1. What is the condition of these 5 drilling rigs. From photo gallery, they look less than great - and it sounds like 6th one has landed on Mars. But new rigs from LO are likely to be A1, and LGO rigs also looks br and new. So any future for our famous five. 2. Do we intend to encourage CTR to be successful and steer management iowards performance rather than bluster? 3. Will some light pressure be put on IOP to apply to relist on NSX. Note Mr Chen suggests we write to the company and start putting some gentle pressure on. Even a half-decent share price for IOP might have given us funds for Lind, had IOP fulfilled their promise to list before end of 2104.
Were there really only 14 attendees at AGM? I thought there were 1,000 going from RIG alone.
Very informative and constructive Q&A. I particularly like point 25 where Range make the comment "...We aim to monitor Citation's performance closely both at the project and corporate level". Looks like they don't trust PL either.
I also like the fact that the next Q&A is already scheduled for February and as yet no further problems relating to the Lind loan so it appears that negotiations have not yet hit any major barriers.
Lots to comment about, o elephant's ear with soggy bottom. These are 3 of the very few rules you seem determined to continually flout: You will not; 1. publish content that is not your original work, or infringes the copyright or other rights of any third party. 2. post non-constructive, meaningless, one word (or short) non-sense posts. 3. post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
My first reaction is that the 7 pages of Q & A are as positive as they could be. Plenty to discuss. Not seen you tube video because posting flouts rules and don't want to get into trouble too. But, yes, weekend and time to party. :-))
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