RE: Bought high28 Jun 2018 00:55
The SP dropped by 5-6 p on B.B., but it was the RNS on 16th Nov 2017 (will never forget that date lol) that killed the share price will the most inept, poorly worded, unprofessional statement regarding Lidsey which sent the SP tumbling down.
And then with poorly timed placements and acquisitions when the company had no revenue coming in .....is where we stand.
Why they haven’t initiated Balcombe is another issue. The amount of money they would have spent on Lidsey and having a rig there for 4 weeks would have adequately paid for the mobilisation / demobilisation costs for both Balcombe and Brockham. We all saw how the UKOG SP rocketed after the initial flow test...coupled with the fact that it will take circa 2 years to get first production once the application goes in....why delay it by 6 months?!?!?
Do these guys Tidswell and Vonk have a Plan B? What have they been doing all this time sat in their ivory tower? It’s quite normal for senior staff to be overseeing 5 well operations and planning a further 5....these guys aren’t exactly busy at the moment.
All the potential at Brockham and Balcombe is being held back or worse destroyed by some rather inept BOD who have kept their jobs because they are also major share holders. I couldn’t care less if they didn’t sell. That just highlights even more their sense of business.