H1 results30 Oct 2020 16:40
Just reading through results again and this statement I find very revealing.
"Our customers continue to realise the benefits of natural gas, by far the cleanest burning fossil fuel, having converted from significantly higher priced diesel or heavy fuel oil and subsequently reducing their harmful emissions in the Douala area."
The directors obviously believe this to be true and surely these supposedly loyal customers are our best advocates. And yet in a massive port city which is the gateway to central Africa, we have dismally failed to capitalise on this, sufficient, to even make a small profit., despite having a dedicated sales team for several years.
And apart from the huge amount that has been sucked out of the company over the years in Directors' salaries, bonuses, share options and royalty fees, we continue to see others picking off/ or trying to, bits of the company, notably RSM, website work, drilling campaign, tax claims.
And still Little and Large would have us believe all is hunkydory.