Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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If WRB1 had commercial flow rates of 500 bopd I would re-consider my view of management. 500 bopd is worth about $15m in revs and this would dramatically change the footing of the company. Sadly, I do not think WRB1 will be a good result, hope I'm proven wrong though.
MP
How many have Georgia oil and gas got left………… erm….. none
Sch:120m shares conversions
Who wants this share on long term.They will sell and depress any movement.
That is what shares issued to Georgian oil sold in 2019 and depressed the price
schlum are not going to waste their time exercising 120m share options and then peddle them in to a thin market at a penny or so each.
they will likely leave them where they are for now - it is a poison pill defence
When do options mean company ownership?
On the other hand, if an individual is granted options, they don’t get any equity in the company nor any shareholder rights. Instead, the option holder gets the right (but not the obligation) to convert his options into shares (known as exercising) at a future date and at a pre-agreed price (known as the “strike price”). The conversion of the options is subject to many conditions, which may never be fulfilled. In practice, the option holder will usually exercise their options on exit since they are liable to pay for them and would only typically do so when they know they will be sold directly after – such as at an exit.
Example: Dan is granted 1,000 options, and after 3-years, they have the right to exercise his options and convert them into 1,000 Ordinary Shares that carry one vote per share and the right to dividends. After three years, once Dan decides to convert his options into shares, they will become a shareholder.
Schlumbergers are nil cost options which means we get no money as we got the blocks instead
Let me try to put it in a way you may understand. The 120,000,000 options are shares that are only able to be sold when the options are exercised. I’m really not bothered if you believe me or not. But when and if Schlumberger start selling watch what happens to the share price.
AJW is right.I don't know where the rest of you are getting your information.I personally think you all have a negative agenda.
Sch:120m shares conversions
Who wants this share on long term.They will sell and depress any movement.
That is what shares issued to Georgian oil sold in 2019 and depressed the price
You are wrong, the shares in issue are 652,000,000 that is what the share price and Mcap are based on , do the maths.
SEA7 if there is anyone that shoukd be embarrased on this biatd is the likes of you and AJ. Your 2 year campaign of unethical ramping has lost some gullible people alot of money, not something to be proud about is it? I am sure you looking forward to Block's Xmas seasonal greeting in a few weeks, and once again say big things are coming otherwise they wouldn't be wishing people a Happy Xmas lmao
See the chems 'n flow first MP........?
would c.500bopd change ya support view......?
All the best (they must be there nearly....... :()
SLB's shares are already factored into the share price, I very much doubt they'll flip them for a few mil.
Agree with most on here that it's time for a change at Block and I now support change.
MP
The opening message to this thread is perfectly true and some of the messages that follow prove the claim.
It's time people stopped attacking the messenger and concentrated on the messages themselves. It's surely pretty easy for a disheartened investor/former holder to criticise the company's track record without demanding a poster is driven off the board. Equally some lth's may well be able to argue that there is still everything to play for with a well clean up on going, a new well to be drilled and ever higher oil and gas prices.
Keep it civil. I used to enjoy reading this board.
yes - but we have already known about that since the deal was done and invest accordingly - if and when they do exercise, there is a choice - accept the reduction in the exposure of your holding or buy up more to maintain exposure.
I’m not saying they’ll flip them, would be stupid at these prices, but they will convert their options to shares, they will be added to the register and cause dilution as there will be another 120,000,000 added to those in issue
just because schlum can exercise - doesn't mean they will immediately - they are not going to rush in and flip them - hardly even pocket change for them.
No, I see that as a strategic move to ensure that they still get to have a say in the assets they offloaded to block and prevent anyone else taking them, without their input.
Wait till November and Schlumberger get to excercise their options over 120,000,000 shares. These are nil cost. More dilution. The spiv has to go.
The quote of the day if not of recent times is from V111JAS and absolutely sums up where we are at here.
The trouble is ~~~ The well result may yet prove favourable but unless it is a spectacular result (By that I mean 500 + ) it is ,I think , going to be very hard to lift the share price as dramatically as the dramatic fall.
Although ~ as i have consistently said for the last couple of years : If we were able to get rid of PH I think the sp would have a significant spike and if a replacement were an experienced Oil Man with a proven record and credibility then the spike might well develop into a serious rerating
In my book you can’t argue with any of the above. I honestly believe that the recent issues were blown out of all proportion, we see it with other drills but will PH ever regain is credibility with the markets and investors? Will he always be absolutely lashed when something does not go brilliantly? I still believe there is huge potential here but the SP decline is horrific. Good luck all.
stop crying dave - it is embarrassing.
~ " We must drive James out so we don’t read lies " ~
That`s just stupid .
I suspect you would feel comfortable as an organiser for `Insulate Britain` or `The SNP` .
Oh SEA7 has spoken to defend his co- conspirator. This is the same person that said big things were coming juzt because the company wished everyone a Merry Xmas!!!
Everything AJW has been posting to date has been misleading and a load of fairytales, just like you have, no wonder you're defending him
You`re right Scooby .
At least PH has been successful in that respect !
I still recognise quite a few `Old Timers` , but sentiment is absolute *****
The trouble is ~~~ The well result may yet prove favourable , but unless it is a spectacular result ( By that I mean 500 + ) it is ,I think , going to be very hard to lift the share price as dramatically as the dramatic fall .
That might have to await additional production uplift , which might just put additional pressure on the need to raise cash .
It`s a real gamble now . imo .
Although ~ as i have consistently said for the last couple of years : If we were able to get rid of PH I think the sp would have a significant spike and if a replacement were an experienced Oil Man with a proven record and credibility then the spike might well develop into a serious rerating .
First things first ~~~ Let`s see if this well is actually going to cough up some oil .
patrick - this is a public bulletin board - not a 1970's style closed shop union space.
AJW is not posting lies - he is positive on his view and optimistic for the future - that is not a bad thing.
what is more concerning, is the disproportionate amount of time people spend here bashing a stock that they say has no future - if it hasn't then why are you here.
you will of course note the stocks that genuinely have no future - they barely even get one post a week.
Well scooby - you can put me firmly in the pizzed off camp - and with bloody good reasons!!
We must drive James out so we don’t read lies