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Still not answered my question do you hold? Im not saying the history of this is great Im more interested in the future which is based on a new team. I almost doubled my money on the last EGM and have built up a nice holding as I can see real value being brought to the table with a new direction/asset. The old BOD were just interested in throwing money at oil plays which were boom or bust but also trying to do that while oil was on its arse. Nuts how they thought that was a good idea! You seem hung up on the past of the company but not on the future with the new bod. Do you realise there are new members on the board to move it in a new direction?
Whats to cheer in the history of New ? Now this will be interesting to hear !
Anyone would think your a basher with your cheery history on NEW. I'm puzzled why your wasting your time here?
Thank you but as I say, will wait to hear from the share registrars to satisfy my own curiosity! If there were an issue, then better put right now wouldn't you say, than later on when it might be challenged by certain members of the BODs! Get my gist!!!
Really it doesn't say that on the official RNS today or the last one . Whoever did the due diligence or lack of it . Would you give your trust to someone ,who clearly is going against an official statement to the market ? 13. Additional information ********** has reformed to offer positive shareholder support to New World Oil & Gas. ********** is not currently taking on new members, but is more than happy to speak with any shareholder of New World Oil & Gas.
Really it doesn't say that on the official RNS today or the last one . Whoever did the due diligence or lack of it . Would you give your trust to someone ,who clearly is going against an official statement to the market ? 13. Additional information ********** has reformed to offer positive shareholder support to New World Oil & Gas. ********** is not currently taking on new members, but is more than happy to speak with any shareholder of New World Oil & Gas.
Happy or should I say not so happy! There are a number of share holders who have decided to support Ben/Gary view on supporting Adam so They have pledged their holdings to Ben/Gary with certain conditions. They have the authorisation from all on the TR1 to offer backing to Adam. If you want to join the group then email them and they will send you the terms that you need to sign up to. You can either sign them to support the group or you don't its as simple as that. Its no different to a single person sending in a TR1 when they cross the holding limits. In a nut shell Adam now has almost 10% of the company share holders supporting him when it comes to the EGM to move the company in a new direction.
of course I will be on there, I still hold shares.
I hope your name is on the share register otherwise he's likely not to reply. You could always get your broker to ring and ask of course.
it's not about that, I am supportive, but what I am asking is under what auspices do the action group have the right to file a TR1 showing updated holdings for a number of people? It is unfortunate that it is slightly misleading about not taking new members on, I'm not quite sure why that is on the form anyway, but I've emailed the share registrars for clarification as to the legal entity of the action group and will see what they say. It may be the action group have a legal constitution, I don't know, but for my own curiosity if nothing else, would like to find out, for future reference, in case anything else down the line arises.
NWOG wont be taking any action?, they will be mearly supporting AR & NL. If your not in favour of the direction that AR & NL are taking the company then you have a right to say or sell your shares. NWOG are just normal shareholders supporting what the newly appointment bod are doing and shows the old bod that 10% of shareholders are in favour of AR / NL. Get in touch with Ben if you want in, im sure he'll welcome u with open arms. No point in disscussing your life away on here lol...
Happyblue, thanks for your post. I understand your view. To start with, yes, anyone can and must file a TR-1 provided he/she holds 3% or more of the company's shares. As some other posters here had said, and I also added, that the action group's aim is to support Adam R., Nick Lee and shareholders. We already know what Adam R. wants to do and that why the action group is to support that vision too and not let the old BOD 'bullied' that. You sound very passionate about this issue and as Stan and I have suggested - it'll be a good idea to pop a line to Ben (action group's email on the RNS). Believe me, the action group is working in good faith for all shareholders' value, especially those who suffered much losses holding over the years and that the reason the NWOG action group was formed. Remember I posted before that 'Unity is strength' and 'Trust in Friendship'.'
Stop moaning and email the group their contact details are all there to be used. Why should they come to you if you want information/involvement do something about it. Jesus!
HappyBlueDays, do you follow Ben on Twitter? He has clearly stated today that the NWOG will NOT be calling an EGM, they are just there to support the BOD when they call the EGM to get share holder approval on the change of direction for the company, which it looks like is now fairly imminent. It sounds like sour grapes that you haven't been brought into the group, but that's an issue for you and Ben to sort out. it's got nothing to do with the company, and nothing to do with this bulletin board IMO
it's not the point, you cannot have a group of self appointed people deciding what is in the best interests of the company and other shareholders. If there is an action group who are taking decisions on their members behalf and other shareholders, then it has to be constituted properly, and as a body, it should have a proper constitution otherwise they should each file a TR1 separately stating their holdings, which I think should have been done anyway, but who am I to know?! What I do feel however is that the current TR1 is probably not legal as it has misinformation on it which is misleading. I'll telephone the FCA and ask, easiest way around it I suppose. IMO.
Totally agree to stan70's post @10.42. Action group reformed to support Adam R., Nick Lee and shareholders' interests. Re: 18 Feb. RNS - Action group thought achieving just slightly over 3% as appropriate and not to be as overwhelmed. But other previous members of that group wanted to show support too so were allowed back in. Am sure it was just a matter of simplicity that the previous members were asked again this time round as they've stayed in touch and nothing else - no funny agenda or dirty play. Remember that if anyone or any group/organisation if holds 30% or more in any Aim company, legally they got to offer to buy the whole company - so this is also one of the reasons to be watching the % holdings. Also remember that to work in an amicable and professional approach is a better way forward to successful business negotiation and dialogue. If anyone still not happy about this issue why not drop the NWOG action group a line - the email is clearly on the RNS. Hope we can all look forward to what we are here to achieve.
misinformation on it? I suspect not. They probably need to file it again as I don't think the FCA would like it to be incorrect! I am not a member of the action group, but were people who are canvassed about this, in a democratic way, or is it a few people deciding who should be allowed to be added on to a TR1 with their holdings, i.e. chums and mates? If it was voted on in a democratic way by members then fine, but if not, then Ben should stand down IMO, as the action group is not been run democratically and fairly. I suggest he come on this forum and explain the situation please so that we know from the horse's mouth?
Not sure, your better off asking Ben that question. As you rightly point out Ben is on our side so this can only be a good thing!
if one of our own can't get his facts right, then heaven help us. Were any of the NWOG action group canvassed about additional members being added to a TR1?
Reformed to add that extra support should AR need it. All good imo. No sinister motives. The NWOG are shareholders after all. They want the best for themselves too remember! !
Another view http://www.cnbc.com/2016/02/29/us-shales-message-for-opec-above-40-we-are-coming-back.html
thanks for confirming it and clearly Ben admits they have made a boo boo. So I have sold out a large chunk today, still holding some, but I don't care for people who say they are taking no new members in support and then do the dirty on those who have been holding for some considerable time like that. Smacks of dishonesty to me.
I was under the impression they were not taking on new supporters but it seems like they are. So? I still dont get the point tbh. Sorry if im being thick lol. At the end of the day NWOG is on the side of the shareholders, extra weight to support the newly elected BOD who were elected with help from the NWOG! .
Sorry Gooba I didn't check with anyone just my own. People ignore my gibberish in the message below.
If I could clarify-They don't want any new members of NWOG- the one appearing on the TR today are existing members of NWOG and there are still further more if needed their hoding can be brought forward, but not needed at this time. Certain restrictions are put on those who appear on the TR1, therefore only those required or are able to adhere to the discipline and provide the proof are taking part. There will be some from the NWOG for a variety of reasons are not able to participate at the moment but maybe and if required can forward later. I think it is really important to understand that there is more than enough support within current NWOG to support Adam in the direction new direction. I am curious about Cashking he never misses an opportunity to plant seeds of doubt at any positive move, yet he's been on this bb since last summer at least and he's told porkies about being at the EGM, when it was proven by Ben that there was no one else there apart from himself and the BOD and brokers. Surely if he's an investor who doesn't believe in new becoming good he would have sold out by now. I think he's one of the Styzks.