Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks for that Julie but I am still not convinced
I would like to hear why the company has changed its name to Cabot Energy Plc from Northern Petroleum new ticker CAB.L from NOP.L from 29th June I think the board should explain the rationale for this change to it personal investors so that we can understand it or are they hoping that by changing its name that all the crap that we have been given over the last 3 years will be brushed under the ****et
What do other pi's think Do you think this is a good acquisition ? or do you think the £1.6 million American dollars is more attractive cash flow proposal payment that they will receive off Rockhopper for the board to spend on their inflated salaries. I would appreciate your thoughts. I am still a shareholder but not holding as many shares now
just had a read of the presentation on the company website, looks very good, news rich period coming up
I'm just wondering what the poster who said that new shares priced at 3.5 p would be a bargain will be saying when he is offered more shares at 3 p. Believe me, I'm not enjoying this, even though I got out at about 10 p.
Sorry people still getting burned on this, like people like myself before. The major shareholders bailed out yonks ago. It had great potential with partners Tullow, Total and Shell. Big gamble, overenthusiastic directors, but like you say they get paid well for enthusiasm, not oil discovery or production. If only their partner had agreed to totals offer in Guiana things might be different , on the other hand probably not.
I have just listened to the interview with Keith Bush on Proactive Investor.How Pathetic was that..No production details for canada...is there any oil !!!..and then Keith Bush prattles on about the potential for the Italian Prospect when in the years 2018/19 they might get round to doing some surveys..eergh..while he and his co-directors fill there boots with shareholder funds...cant believe the hypocrisy that continues here..FRench Guiana is also a dud..Are you listening major shareholders..
Latest news: http://www.proactiveinvestors.co.uk/companies/news/173992/northern-petroleum-looks-forward-to-italian-exploration-as-shell-advances-community-engagement-efforts-173992.html When you say Bush said production would be 300 barrels per day, I recall that two or three years ago the figure of 450 was mentioned. Have they really never reached that level?
I reported that the losses for this company were arround 5m..just had a look at the accounts again the losses for between 2012 to 2016 were 62.4 million ..wow..i could not believe that.. Now the directors are spending us$ 2.5m on opening up 20 wells that have been closed for 18 years. eerrr......Using a system with Blue Spark Energy...sending an electric charge down a metal rod which will miraculously help in suddenly increasing the oil production out of these defunct wells.There is no indication anywhere if this new science works or the success High power petroleum have had..MR Bush indicated they would achieve 300 barrels aday...he never did....we are still waiting...He needs an electrical charge up his backside to get him out of the company. have a good day..
Any Production Mr Bush..I see that 2.5 million us$ has been given to High Power Petroleum....to send sound waves down 20 dis-used oil wells..THis is really going to inject a bit of pace into the oil production...Not... How succesfull are HP in using this technology...how much oil have they generated !!!!!!..... How much cash is left i wonder......or is it all going into your pocket Mr bush......
More of the same from K R Bush..They are opening 20 wells that have been closed for 18 years..How desperate can you be...at a cost of 2.5 m US$..Cash raised in cap/raise 9.7m us$ now down to 8.1us$ in bank then deduct the costs of opening old wells.then be down to 5.6US$.. PLease refer to the accounts for the losses of 2015/2016..5m US$ Plus....How can this be justified..What actions are the major shareholder Cavendish asset management taking..Are they asleep...wakey wakey...
Let's hope they prove you doom and gloomers wrong ! http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NOP&ArticleCode=ezhb9q1g&ArticleHeadline=Winter_Work_Programme_and_Cash__Production_Update
Are you serious, Pageyboy? Do you really think Keith Bush could answer our concerns? Do you really think he could provide a convincing justification for the size of his and other directors' salaries? I sold my shares in this company long ago. When I first expressed my fears, when the shares rallied to 20 p, not one contributor responded here.
Gentlemen I was a long suffering NOP share holder going back to 2004. I sold my holding in 2015 at a loss of £73k because I was sick of being given miss-leading information, being lied to by directors after replys by e-mail and it was just one thing after the other. The only thing these directors are interested in is lining their own pockests at the expense of the share holders - be warned and get out before you loose too much money!!!!!!!!!!!!!!!!!!!!!!!!!!! Unfortunately this is one of those company's on AIM who bleed their share holders try!
You have still not answered my question as to whether Youvwill be at the AGM to protest? are you a politician perchance?
Gentlemen I am a long-suffering NOP shareholder having bought my first holding at 48P Given your disgruntlement with the Director Salaries AND I AM NOT GIVING AN OPINION HERE, may I recommend that one of you e-mails Keith Bush for his response? I know from many previous discussions, he is openly accessible and rather than fester on this point and dare I say potentially make false comments, it would seem sensible to simply put your concerns to him. I am sure he would respond and quantify the reasoning.
The best action you can take here is sell your shares while they have a value.AS i have discussed before lookat the 2015/2016 accounts of the millions of losses that this company makes it is allocated to the Equity Share Holders.They have raised capital again but yet again that will dissapear down the big expenses/administration/directors salaries. black hole..If you want a more severe critique please review the comments of Share prophets/Tom Winnifrith..for an amusing resume(but not funny for shareholders)...If you want to take effective action sell your shares and sleep at night.Dont support the owners of this company..
there would need to be a mass protest,and even that would probably be ineffective.Because they will not give up those huge salaries.
So will you be at the AGM to protest?
Just read the directors remuneration figures for december 2014.K.R.Bush£428000.G.L.Heard £761000!!!!!!,including retirement pay off.N.T.Morgan £393000.Not bad for managing a tiny company,which earns next to nothing.How can they possibly justify these enormous salaries????????? Hoddie.
I certainly agree with your comment Rookie124....The only time you here from this company is when they want to capital raise...to fund there large salaries....Oil production...whats that i here the Directors cry....I am to busy drinking my Moet and driving round in my Merc...Yes Mushroom management and very big ones....
There seems to be a shortage of information from the directors. I have been wondering what is happening in Canada with the winter work schedule. As far as we know the workforce could be sat in a cabin playing poker and drinking whiskey. I believe we are being treat like mushrooms, kept in the dark and fed on bulls**t.
The directors dont exactly seem to be breaking the bank when it comes to buying shares or exercising share options..particularly when you consider the vast sums they extract from the company. If you want to see an example of a CEO who believes in his company and the future of his company look at Zenith Energy.He has sacrificed 100%of his salary in buying shares...........Have NOP released any production figures for December/january..