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Yes sign me up
Go after DECC/OGA imo under foi get the facts laid out as to how litte positive help DECC gave to XEL/XER in 2011 and why, leading up to 2017 where this unknown newco with same staff has been given extended development timeline and terms never extended to XEL/XER, who's shareholders had invested at DECC insistence $450m in the field(s).
"Well I suggested that if he started a new group that possibly more people would try & help if Upanchors "Best share of 2014-15" was omitted from running it, no reply!" Toxic, this is what I am trying to do, do you wish to help?
I am just stunned that after all these years LEGENDS finally got a prediction correct. A stopped clock and all that.
Snakes https://beta.companieshouse.gov.uk/company/04560068/officers
He fits in a much smarter person than you!
Well I did post last October that Warwick Capital were the elusive main bondholder. They now have one of their own on board- Shanil Shah: PARTNER & INVESTMENT PROFESSIONAL http://www.warwickcap.com/team/ You have to wonder where roofpussy (aka ceilingcat) fits into this setup.... Good luck to them getting Bentley financed and into production. The North Sea needs Bentley into production to create jobs.
"...but merely joined his pbb" but after you did , I sent you 5 e mails... none were answered until today being the lucky sixth...how much of the lost data is recoverable ? Two days ago you had Uppy telling people that he was in effect throwing them off the perceived life raft as there use was no more...he then wipes the data...Hmm I can't see much sympathy for uphimself really, he did not make it any better when he said "Now I set up the pbb look after it and pay for it, it`s purpose is for privacy of information we get from doing hard work and spending quite a lot of both my and our time doing so. If people are not prepared to contribute why are they there. Now tell me again what exactly have you done that is apart from criticising how I do things " ...Then went onto say "Now I have no intention of wasting my time on this or you any further, you are not a pbb member so what I do or do not do on the pbb is none of your concern." followed by this classic gem "But don't get me wrong, in a way I applaud your efforts, but you are going about it the wrong way. You are alienating people"...Pff hardly endearing or welcoming, I just cannot see anyone wanting to share anything with this buffoon..
Hello Toxic, westsider on lse, but couldn't use that name when I eventually joined iii. I did not "throw my lot" in with upanchors, but merely joined his pbb. This was at a time when there was not a lot happening on lse. I am continuing the fight and am happy for anyone still interested to work with me.
What's that I hear? The world's smallest violin playing just for LEGENDS. Anyone else and I would have some sympathy. You sir, deserve none. I hate to think how many people lost money on the basis of what you posted here and over on ADVFN.
Ha ha ha Upanchors fighting the good fight manages to lose all the data collected by him & others the day before the Fti announcement ...well dodgy...
Well that's it then. Ten years of my life and a six figure sum lost. http://www.fticonsulting-emea.com/cip/xcite-energy-ltd
westsider here = Bluecity ii ...why do people have different id's on different BB's ?
aka Upanchors has set the bar for the investigation, I would think Rupert & co have not had such a laugh as this for a long time. I am all for a organised group & have contacted Bluecity, he came on here awhile back trying to organise then went in with Uppy on ii & forgot about LSE memebers. Well I suggested that if he started a new group that possibly more people would try & help if Upanchors "Best share of 2014-15" was omitted from running it, no reply!
PARSDOWN LIMITED. (10795922) Hambledon, Beech Drive, Kingswood, Tadworth, Surrey KT20 6PP. This is his home address I believe. I am sure he would love to hear from you. The poor man has a near 100% failure record & lives in a leafy Surrey Mansion. I wish Rupert & the rest of the BOD good luck, god bless, they tried there best.
I hope you get some answers beltron. With a gun 50k you are in prison. Pen, paper & lies 450 million It's legal. God bless blighty & Theresa May.
May I take this opportunity to say Thank You too all those on iii site for their effort in trying to bring this disgraceful BOD to account . I myself have tried many avenues too try and get information ,with the usual outcome of " we can't or won't due to confidentiality" , , contacting your local M.P. is a waste of time , however, I have spoken with someone from the Financial Ombudsman Organisation who basically told me to contact these Organisations again saying that I am not satisfied with your response .I will continue with my efforts on my own ,hoping one day to get an answer too my questions.
You say a lot of things LEGENDS, but you've never provided any evidence to back any of it up. By way of example I note you studiously ignored blue-eyes direct questions to you.
highlandsbull. Correct. Cole has given Warwick and co a supposed $2.5 billion HO Field for the price of the bonds plus a $. As I said previously, Cole was advised by the BOD/Management Team at that time NOT to go down the bond route. The blame solely lies with the ?anker Cole, he thought he knew better than the oil men. Looking at the now five JUs sitting idle in Dundee harbour, you have to wonder if Bentley will ever produce another barrel of oil. All depends on the OP in the next few years I suppose.
Actually a stitch up going back to inception of these Nordic Bonds when the BoD of the company at the time essentially gave away the farm with the terms attached to the Bonds for a fraction of the value of the company at that time.
As it appears now this is a stitch up from 2016 in which the OGA, this phantom backer to the Bondholders, and the Liquidators are complicit. Apart from not knowing who this party is that can seemingly provide sufficient guarantee to HMG to warrant the further extension without rebid of the Bentley licence, why was a similar extension not available to XEL/XER in 2016, they having already spent $450m+ on the field at the insistence of DECC at the time. It could have made a critical difference to success of the due diligence and funding processes ongoing at that time. OGA imo risk the public unravelling of this can of worms, and not before time, being continually seeming to hide behind supposed commercial confidentiality and frank obfuscation. It's way over time this was blown apart imo with a FOI lawsuit going all the way back to events of 2011. And how is this clown Fairclough with his clear failure to perform his job with XEL be allowed to extend his tenure at XER. Apart from his own complete sense of lack of duty and responsibility to his former paymaster there is a clear conflict of interest between his actions on behalf of his last employer XEL and his perceived future looming with XER. How can a Liquidator in fairness to all stakeholders, allow the exisiting executives of the company at the time to oversee the bidding process for the company, with supposedly multiple suitors, that eventually comes down to the company being sold for a $ to Bondholders, in which former executives continue to play a part in it's incorporation and ongoing existence. Jmo.
It's all obviously hot air like everything else he's written. Besides, if you have the sort of money available and backing to pay off the bonds and take the field to production you don't just walk away when someone tells you no.
I suspect that were there a more buoyant industry and a higher oil price the license would have been snatched away by OGA but they have taken the view in this climate that this is the best chance of getting that field online and operational and generating revenue.
HB"... a phantom previous backer, aided by the same management as before, has now seemingly awarded a four year extension to a lease that should have, under open process, been terminated and rebid." Scandalous...without even touching on all the other "Shady" goings on...I'm sure this all stems from Wiess & there little group of so say Private investors set up especially for Excite...I bet it was...
OGA has to be made to realize this is not a sraightforward case of a successful new bidder wishing a degree of confidentiality. This is a huge field development extension time approval compared to previous, where past shareholders have been shafted by management by their incompetence with the owner company gtz, while a phantom previous backer, aided by the same management as before, has now seemingly awarded a four year extension to a lease that should have, under open process, been terminated and rebid.