As is well-known in the sector, the E&Ps couldn't taken as a group make any money when oil was $100 to $120 a barrel. Oil is currently VERY cheap in inflation-adjusted terms...take a look at the 1900 to 2015 oil price chart.
No industry can operate for any length of time when it is LOSING MONEY. It's simply not possible.
Even if the oil price goes back to where it was, it STILL won't solve the problem.
If people allege - without any evidence - that Todd Kozel "sold his shares" when he actually did no such thing, it encourages the belief that the shareholders have been mugged.
Well, if they HAVE been mugged, THAT particular allegation certainly isn't evidence of it lol
I'm far more interested in the reason why the removed non-executive chairman, Simon Murray, was apparently keen on allowing a small, private Irish company "T5" to do a Reverse Take Over of London main listed Gulf Keystone Petroleum. Despite his colleagues having looked at the T5 proposal - and rejecting it.
Yes, agree in principle, but, sometimes, Nicki spouts on about what he/she wants, and when its not on his/her agenda... its would you swear on a stack of bibles etc... TBH getting quite fed up with no info from anyone who matters and when info does come out, its just smoke and mirrors, and delays... as for bleeding co dry seems krg are doing an excellent job !
Thanks YELLOWCRAIG - I'm quite new here, but I recognise that there are some focussed, informed - but dis-ilusioned and depressed into silence - PI's on this board. Question is - what can we do on here to keep ourselves buoyant and concentrating/co-ercing our equallty depressed BoD into acting positively and informing us and markets what in hell is going on ! How are our New Wells coming onstream progressing ? How is the much needed Pipeline tie-in spur coming along.
Dare we act en mass and Ask/Mob our BoD into keeping us flush with positive news on these two crucials for a start ?
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