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Let’s hope JP is far to busy going through all the dd on all the offers coming in:)
Yes and no, he phoned me back as promised on Friday but said he didn’t have time to go through it with me so he promised to tell me on Monday. He then didn’t call me yesterday and isn’t taking my calls this morning.
I’m beginning to think I’ll never find out how to keep an idiot in suspense :(
GLA
Seaton, any news on that call with JP?
I would also like to state how disgruntled I feel about this whole LE / sale of assets nonsense. Week after week of radio silence is simply not good enough. We have a right to receive an update of some sort rather than the usual hide and seek tactics. JP has hidden behind the so called rules which prevent him from discussing anything. Well he certainly had a lot to say on the run up to this LE over the last 2 years. He has completely mismanaged our expectations as investors at a time when we are supposed to be looking forward to what was promised to us. It is a total and utter disgrace and my blood boils at the thought that we are actually paying these guys to sit around doing nothing. I think wages should be put on hold / paid back to us on the basis of how this marketing process concludes. We are not drilling at the moment and staffing numbers have been reduced etc, so why are we still paying for a bunch of guys who have discovered half a tcf and one trapped molecule..? I get paid on my performance and receive high commissions based on my success. What success has Parsons had to date to warrant what he has been paid to date? If we have to start drilling again, then God help us all. I would not put any of this current team anywhere near a bucket and spade, let alone a drill bit. It would be a nightmare. Dilution followed by duster after duster and promises of another LE in 18 months - 3 years from now. Notice how I conveniently got the 18 months in..? I agree that BM should have politely been told to move on to new / fresh pastures following on from his failure to deliver any worthwhile results. I cannot believe we are still paying him a wage to sit in an office in Kent, practicing his presentation for the twentieth time in a row and hoping that at least one company out of the supposed 10 that he claims are showing interest, actually want him to present to them. JJ must be quietly trying to influence JP to go long as he has the finance deal nicely in place. Sarah is probably dunking her biscuits in her luke warm cup of coffee, watching BM also trying to nudge JP to go long. She probably has the job of booking tables in s****y restaurants or gourmet pubs every Friday, as very little else to do with her time in the lull of battle. When and not if all this comes out in the wash and Parsons etc have to show their cards, they better come up with a plan to save this ship from sinking. Of course, they will all escape out of the back door on lifeboats whilst we all perish. That is AIM for you folks!
You don't have to watch that video to work out what is likely to happen here. Some of you who have watched the video from start to finish are now beginning to come to the conclusions I came to weeks and weeks ago. And yes, I have watched that video and yes, it is very useful and confirms my fears about this company. All of the warning signs are there for those that have their minds and eyes open. JP won't come out of his hiding place because he has nothing decent to tell us at this stage in time. The deadline date is drawing ever closer and he has to let the deadline date pass before he can report back to us. For all we know, that deadline date could be end of this month, or even December. We just don't know. One thing I do know is that this has been the most miserable, disrespectful build-up to a so called LE that I could have possibly imagined. I'd love to se their itinerary for next week: table football, kiss chase, paper airplane competition, pin the tail on the donkey (they'll all be walking around the office with tails in that case) and hide and seek - something Parsons is becoming an expert at. He's been hiding since May and unless he's Santa Claus, which some people once claimed he was, then he might not been seen or heard until 2020. Yet another week of radio silence. What will next week bring? A poor RNS and maybe even an equity raise. May as well get one away to keep the money trough nicely filled for the next few months. What a disgrace this is turning out to be. I have your ticket, Parsons and you haven't fooled me.
Everyone on this BB needs to watch this video :-
https://www.youtube.com/watch?v=mNt1hF7uM4Q&t=987s
This has been posted on many AIM BBs today and is a must watch for anyone in AIM or considering more trading on AIM..
It sums up what has taken me years to learn the hard way...
I'm accused of employing a 'deflection' strategy and of claiming to have privileged information.
I suppose next I will be accused of being an agent of JP.
I've never met JP; never had any contact with him; never attended the Gherkin or any other SOU event; wish I had never heard of SOU; wish I had never invested in it.
I have never actually predicted that an offer for the company would be made and recommended to shareholders.
I don't know whether one will be made and, unlike some other posters, I don't know that one will not be made.
The doomsters may yet be proven right, but not until doom has struck.
In spite of the collapsed share price and assurances from the doomster posters, we are not yet in extremis.
N4A- Do you not appreciate that plenty of O&G fields take many failed drills to unlock them? That doesn't mean Eastern Morocco will be unlocked successfully, but we have been advised the data still supports significant development potential. And those involved in the marketing process appear to agree given Brian's comments and the fact they are still continuing the process. No one can dispute we haven't met our targets, but it's laughable that there are posters on here who think they know more than the O&G profession.
Jez - do you really think JP said that?
Longwait...I can see your strategy is deflection....but at least answer the questions about sidi
Oil exploration might be about speculation, but it's educated speculation
Schlum are no longer participating in these types of speculative activities and changing the way they run their business - look at the age of their new CEO and what he wants to get the company away from
Explorers do drill to establish the facts and those facts have been stated by EGM and myself and numerous others, numerous times....or are there other facts that sound energy have established that only you know about longwait?
EGM elevates facts above speculation.
Oil exploration is about speculation.
Why did Schlumberger speculate in Tendrara if it was obvious that there was no gas there?
Why do explorers have to drill if the facts are already established?
longwait...come on, the same stupid arguments.
How many parties were interested in Sidi?
How many came forward with something noteworthy?
Has anyone mentioned Sidi since?
What I can't understand is why some of you are clutching at straws and seeing flying pigs...history has been written by the failure, and it's not pretty.
What has EGM said that is not true?
Parsons basically calling us idiots. Charming eh? If he doesn't deliver us our LE then an EGM will be called to have him removed. The very thought of this BOD keeping their noses in the money trough for any longer than is needed does not sit easy with me. If people don't hold him to account then he will remain silent and hunkered down. He will get stick every day he chooses to remain silent. Silence is not golden, trust me. Silence is bad on AIM. It's almost always followed by bad news, or news that you were hoping wouldn't come your way e.g. having to "go long."
And in case anybody has forgotten, JJ has a finance package on his desk with Enegas, which I believe he will exercise. This is AIM where CEO's and their cronies get rich at PI's expense. Do not trust this BOD to deliver #dreamsinthedesert. It's #nightmaresinthesandpit at the moment and I'm very unimpressed.
Jizzy
Didn't you know it's all made up Longwait? A conspiracy right up to the King of Morocco. He has no interest in the assets of his country.
Unfortunately it's yet more moronic posting. The author knows it and even has to hide behind another alias to post it.
To EGM:
If it's true that more than ten companies have shown interest in buying Tendrara, then how do you explain that?
https://www.youtube.com/watch?v=gRWsJRv5jd0
Now we all know...........!
EGMRequired - change your name mate, other than that agree with your post 100%
We wont disagree that he is good at keeping the "idiots" in suspense. Looks that how he sees the PIs.
I am surprised you managed to get him away from his table football tournament with BM and wandering eyes...??!!
It's obvious now that everyone is getting fed up of waiting and no news for weeks. So yesterday afternoon I phoned Sevenoaks and to my surprise JP agreed to take my call. I explained how frustrated everyone is getting with the news black out etc and asked him if he could give me a time line for the LE other than the evergreen 'by the end of the year'
JP's exact words were 'I'm afraid AIM rules don't permit me to tell you that Seaton, however I will tell you how to keep an idiot in suspense.'
He didn't tell me straight away but he has promised to tell me today. I'll let you know when he calls me back.
Chill out everyone. The sun is shining, I'm off to mow the meadow and then the pub. Don't let life pass you by squabbling on a BB.
GLA