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Then we won't have to take notice of any positive developments. Just 3 days ago we got this from our learned friend: "Obadhia, I've said similar about our 2 man band spinning 3 plates in 3 continents. It doesn't stack up whatsoever and IMO dilutes the attention"
Today we get an RNS announcing a senior legal/financial appointment in Trinidad:
"Geoffrey Leid is the Company's in-country managing director of T-Rex. He will focus on promoting and developing the Company's business activities in Trinidad with special emphasis on assisting to accelerate the processes required for the execution of the Cory Moruga field development project. He is a corporate consultant/adviser with a particular focus on oil and gas development projects. His extensive experience in the acquisition and funding of resource projects in Trinidad spans ten years."
Paul & external specialists did all the sub-surface work last year - see the T & T ITR for details. An action plan has been agreed with MEEI. Lonny & Moyra will focus their attention on workovers for Cory Moruga wells once MOU-5 is finished. It is PRD's belief that use of NuTech & SandJet will unlock the substantial potential of the block - in addition to the 20M Bbl already identified.
Geoffrey is the right guy to get the finance in place and negotiate all the agreements - including for the sale of oil, and further down the line setting up CO2EOR with other companies in the country.
But you didn't want to mention any of that, did you?
Looks like AV must have woken up OF when he rolled over to check for a 7 am RNS.
😂😂😂😂 very good, will give you that one
Does A.V. know anything? all the negative crap and he is wrong again if you no longer work for a company the bonus,s in shares lapse simples,if you are not invested why are you here with the negative agenda? also why only 3 red flags,, if you read to the bottom of the rns there is a list of ALL the share options and lapsed options,its more than 3 mate.......
Well I for one am delighted at the beefing up of our management team.
Super chuffed that his experience will steer PRD’s plans forward to success and for the most part freeing up PG & Lonny to bring their Kadar focus back to Morocco.
Congratulations all round
MEM
Me too, be even better if he bought some shares with his own money on market….
Predictive text for Kadar read LASAR !!
Sometimes share options remain in place as a good leaver and we in Financial Services need to take our bonus (above a certain level as shares, although these aren't options).
Some of my options will remain in place as I move to my next role, it can be a discretionary thing based on how documented originally and how the leaver is perceived.
Stephen Staley stepped down in March 2022 - it's there I. The 8 March corporate update RNS. Thomas Evans also looks like he stepped down about a year ago. So both must have had good leaver status, but neither have the current inside track either.
JAMES, i also have some shares from the company i worked for, they were also a bonus at a reduced price and are locked in for 5 yrs so i dont pay the tax,these are not options as such as they were payed every quarter,only top management get the options at a price to reflect doing a good job and also paying less tax... if in 10 yrs they have doubled or trebled its just a way to pay them more without the public getting too upset at how many millions extra they can get .... and then blame the renumeration committee,for there 40% wage rise when the average worker got 2.1% with 5% inflation at the time,,i was shocked to find out when the high level chairman(multi billion pound company) was sacked but still payed,as he had a 5 yr contract so got payed 14mths pay for 3 weeks work, approx 3million inc bonus,s even though the company had been making huge loss,s for the last 3 yrs,,mmm. since then the share price has risen 45% so the millions in shares are now worth 5million,funnny enough after he was sacked he was able to retire.!
Oldslow
We get incentivised with options but not at the level of the Board. The bank has different remuneration structures for different areas in terms of Material Risk Takers versus counter staff.
The CEO recently departed and expected to retain options but these were withheld due to negligence.