Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: Red0, 28 Jun 2017 23:28
Last post: Red0, 29 Jun 2017 00:12
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
Started: Red0, 8 Jun 2017 09:53
Last post: Red0, 8 Jun 2017 09:53
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
Started: mco1986, 25 May 2017 19:11
Last post: mco1986, 25 May 2017 19:11
just had a read of the presentation on the company website, looks very good, news rich period coming up
Started: oogleflugal, 19 Apr 2017 15:43
Last post: LONGWAIT, 20 Apr 2017 23:08
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.
Started: bobbymacc, 7 Mar 2017 20:28
Last post: bobbymacc, 7 Mar 2017 20:28
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..
Started: bobbymacc, 10 Feb 2017 14:19
Last post: LONGWAIT, 1 Mar 2017 11:33
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?
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......
Last post: bobbymacc, 16 Feb 2017 18:54
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..
Started: bobbymacc, 1 Feb 2017 18:35
Last post: bobbymacc, 1 Feb 2017 18:35
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...
Started: mystic, 1 Feb 2017 07:35
Last post: mystic, 1 Feb 2017 07:35
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
Started: pageyboy55, 30 Jan 2017 16:36
Last post: LONGWAIT, 31 Jan 2017 16:23
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 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.
Started: scoopusave, 31 Jan 2017 13:46
Last post: scoopusave, 31 Jan 2017 13:46
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!
Started: BruceJamieson, 31 Jan 2017 12:50
Last post: BruceJamieson, 31 Jan 2017 12:50
You have still not answered my question as to whether Youvwill be at the AGM to protest? are you a politician perchance?
Started: bobbymacc, 30 Jan 2017 11:18
Last post: bobbymacc, 30 Jan 2017 11:18
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..
Started: hoddie, 30 Jan 2017 08:41
Last post: hoddie, 30 Jan 2017 08:41
there would need to be a mass protest,and even that would probably be ineffective.Because they will not give up those huge salaries.
Started: BruceJamieson, 29 Jan 2017 13:45
Last post: BruceJamieson, 29 Jan 2017 13:45
So will you be at the AGM to protest?
Started: hoddie, 28 Jan 2017 10:11
Last post: hoddie, 28 Jan 2017 10:11
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.
Started: bobbymacc, 25 Jan 2017 18:11
Last post: bobbymacc, 25 Jan 2017 18:11
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....
Started: bobbymacc, 25 Jan 2017 10:58
Last post: bobbymacc, 25 Jan 2017 10:58
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..
Started: mystic, 19 Jan 2017 08:30
Last post: mystic, 19 Jan 2017 08:30
Started: NMH19, 16 Jan 2017 08:58
Last post: DShox, 18 Jan 2017 00:06
I think you missed my point, I originally brought share in NOP for just over 40p and I believed that the company was going places and even when their share price dropped I topped up and December 2015 purchased more as I still believed that the company was in good hands with Keith Bush however in 2016 I have not seen anything positive with regard to NOP especially taking into account in July 2016 the statements that NOP were providing was telling us that they were now self sufficient so please can you tell me why the company needed to raise further cash. I am not trying to be bitter, clever or cause NOP harm but would like to receive a directive from the board as to where they expect the companies position to be in 6months and 12 months time and if I liked what they were saying I would invest in NOP again, If you look back over 24 months ago this board was a lot more active and Keith Bush was a lot more active in providing information
Please ignore the wording. RKH as mentioned it was meant to be NOP
15k of Keith's money has purchased just over 470,000 of his share holding in the last 13 months and if Board had the belief that RKH have turned the corner I would have expected them to purchase more shares Since Nov/Dec 2015 when we were told we would be covering all our overheads and would be self sufficient. I would like a statement as why this is not the case and why it needed to to get its investors to give it another round of cash injection when as far as I am concerned we have had very little information in the last 12 months to give myself confidence to keep invested or to invest more. I was hoping that I could have given my 2 grandsons 20,000 shares each in 3/5 years as a long term investment for their future when I thought they would have been worth at least 50/75p per share With regard to today's SP I again personally think that it has come off the back of the hype of the over subscription and the increase in general of purchasing oil shares especially with the prospect of POO and will fall back to 3p - 3.5p within the next 2 months. Again if I am wrong I will apologise because I wish you all good luck
47k isn't exactly loose change now is it ?? Surely consistent buying on behalf of the board IS a sign of confidence regardless of the amount !! Any other observations you would like to make re the rise in the SP or is it just a fluke ????
You are all kidding yourselves i.e. Keith Bush's share purchases 80,000. @. 31.18 Total cost. £26503.00 35,000 @ 15.79. .. £ 5526.50 330,000@. 3.00. .. £. 9900.00 140735 @. 3.50. .. £. 4925.73 Actual total costs of shares. £46,888.23 I am using Keith as an example consider what salary he's earning to invest personally only £46,855 in total I would expected him to invest at least 10 times this amount if he believes that NOP is going to give investors a return and this in my opinion is also is applicable to the rest of the board
Started: bobbymacc, 17 Jan 2017 20:30
Last post: bobbymacc, 17 Jan 2017 20:30
I dont expect criticism particularly from some-one who cant spell.I was trying to make a constructive point but your observations go no further than your own ego. just remember losses to end June 2016 1,225.0000 £ to end June 2015 2,565,000 £....I hope for those who make interesting and valid contributions i wish you all the best with your investment.For those who cannot contribute its your loss. this is my last contribution on this subject.
Started: Mrmacduff, 17 Jan 2017 11:23
Last post: DShox, 17 Jan 2017 16:36
Delboi , many thanks
Started: NMH19, 17 Jan 2017 08:44
Last post: mystic, 17 Jan 2017 08:57
Not according to bobbymacc's theory ... because it's alll about fundamentals.... I'm going to check with warren buffet just in case because he might have an insight on this AIM listed conoany eh bobbymacc ???? IMHO DYOR 8-/
Some nice buying going on here this morning... How about 6p by Friday ???
Started: bobbymacc, 16 Jan 2017 17:04
Last post: bobbymacc, 16 Jan 2017 17:04
What will the fundamentals look like at 800-1500bopd, when oil is at $65-$70? This company has a massive amount of growth ahead of it. It's current market cap does not reflect its true value. An oversubscribed placing supports that.
Well i would rather look at fundamentals and facts as opposed to making an investment decision based on KB share purchases.ASk Warren Buffet about Fundamentals.......I would be only encouraged to invest here when the annual losses disappear and the oil production is commensurate with there hyperbole.....PLease look at admin costs against current production...Not Encouraging......Not for me...but best of luck with your Investments..YOU will need it..
We go !