Member Info for Aimshame

Then would you be so kind to share it with us

Vernetles,

Can I ask what evidence there is that cost cutting is underway?

Well we should try again, otherwise they are going to ruin what is left of this company

When WH was appointed almost 2 years ago on March 15 2023, the share price was a sad 1.2p/share. He has taken out over £500,000 out of the company and the share price has halved, we as shareholders have a right to demand change and stop being taken advantage of by the BOD, who are the only ones benefiting.

Its clear the management couldnt convince Polus there is a turnaround soon. They need to get someone to buy the rest of their shares before they dump the rest and we are down to 0.5p or less. If this continues the BOD will be voted off at the next AGM. They havent shown they are worth their salaries.

I wish they were cost cutting and 1.) lowering their inflated salaries, £360,000/yr for CEO of £8mm company, I think they need a reality check and 2). do something that actually makes the shareholders some money, I would suggest a merger . They continue to churn out a promise of Ireland and EG. Both have a limited shelf life for licence and relinquishment is getting closer. Instead the share price is lower than when WH took over. BOC should have left by now and the rest of the BOD are useless. They just want money and probably dont care what happens. Ourbonly hope is that Bo, who has some influence, shakes the company up but then again he hasnt done anything about it for years just let the BOD ruin the company.

Here is a quote that I think is appropriate.

It is difficult for someone to understand what the right thing to do is when their income depends on them not understanding.

I disagree, brightfuture is correct. Just look at the share price and tell me they are doing a great job.

Plenty of buys isnt translating into a raise in share price.

I hope if they get an interested party, the BOD arent greedy, like their share options and salaries suggest, they are not in a position to negotiate too hard, just get it across the line

The licence expires in 1 year, I am not convinced they will get a farminee to drill a well in that time unless they get another extension. They need to get moving on these farmouts both EG and Ireland have time limits

Good luck Carlost, I can certainly understand your feelings of freedom from this share, it has been a pretty bleak performance for the last 12 years. I am sure you will find better opportunities, if you haven't lost all your money here.

Wishing you and everyone who reads this board a Merry Christmas and a toast to improving investments in the New Year,including EOG

I think this is really good news. He is a large shareholder and I hope is fed up watching large salaries go to management who continue to fail to deliver. This share price is dismal and I hope he kicks their ar....es out the door.

No one is bashing the company to drive the share price down but instead i am being realistic on the problems. The BODs are being paid excessive salaries and have not delivered for shareholders. WH needs to get a farmout very soon because otherwise the company is going nowhere and yet again the only.people benefiting are the management. If you dont hold them to account and tell them their jobs are on the line if they dont deliver what incentive is there for them to improve share price. The salary levels are a direct consequence of BOC when he was head of remuneration committee allowing Simon Oddie to pillage the company. He came close to losing the reelection vote and really has been there long enough. He past actions have direct consequences for the company now as a lot of money is going out every month on salaries and not being redirected back into the company to get the share price up. The BOD need to get the share price up, simple.

If the future prospects look so rosy, why isnt the share price rising??? Because the BOD need to deliver a big farmout before people believe that the company can turn around. Otherwise they will not be here this time next year.

I will be the first to applaud him but if he fails I will also be there to say time to go. He is earning a massive salary and the share price has gone down. I don't know about you but I don't like losing money

How? Voting at agm or egm! Do you honestly think the shareholders will consider that the BOD should stay on after the decrease in share price over the last year and if there is no farmout?? WH has hung his hat on a peg that says vote for me I am a man who has contacts and can get things done. Let's see if he can deliver. I really cant understand why anyone would continue with the current BOD if they dont deliver one of these farmouts because as he says in the presentation, they are not looking at anything else but concentrating on the current portfolio. The share price is dismal and it is up to the BOD to get it up, which they have not been able to do so far. Shareholders do not have unlimited patience.

I sm.pretty sure they will be voted off if they don't deliver a farmout within 6 months

I watched it, thought EOG has potential but I also thought the 3 wise men absolutely need to land one of these farmouts within 6 months. EG is drill or drop after two years , we have had it almost a year. Ireland will need to be relinquished next year so the pressure is on. If they fail and are relying on Wrestle and Cloughton to get the share price up, then we are going nowhere and they are losing their jobs with their very large salaries.

We can only hope Polus or one of the other major shareholders says get the share price up or you are out.

Vernet,

It is not puzzling that almost 50% of votes casts wanted to oust the Chairman. He has been instrumental in allowing the salaries to increase to a point which is completely out of proportion to the market cap. He has been Chairman for over 5 years and done nothing for the Company. Just because he is Irish and sits.on the board of Nephren doesnt mean he is going to miraculously get a farmout in Ireland, that will be down to the quality of our Irish assets. He has been part of the greed machine that is the BOD in EOG. I can't see that how he can continue when almost 50% want him gone.