Member Info for AndytheMKDon

The price has been thrashed over the last weeks, we get a minor bounce off an oversold position and people come out with "dead cat bounce", "pump and dump", and there will be an RNS to quash an 11.6% rise.. Really.. !!! I'm absolutely shocked at the mentality of some posters, yes we have all got some bad experiences of AIM, but when a chance to make some cash presents itself take it is what I say. !!!

Looks as though recent top ups could have been well timed, gap up looks likely over the coming days before next spud. Next drill is to tell us how much oil we have, not have we got any at all, so the current price looks de-risked to me.. A more centrist president in Argentina after the 22nd could well be the catalyst for much more news. :+)

As you say it looks very oversold, just picked some up and hoping we see a recovery in sp not a further decline, surely this has been rung out enough now.. !! Argentina elections on the 22nd I believe and then watch the news reels roll on how much oil we found on the previous two finds... http://www.forbes.com/sites/nathanielparishflannery/2015/11/05/what-should-investors-know-about-argentinas-presidential-election/

I agree with you, the communications and PR on this drill campaign have been woefully lacking in any detail and content. This can't be by accident, somebody wants this price where it is, which is roughly 25% of what it was pre-drilling campaign despite two further oil finds. The Mcap is currently £34M, which has to be a steel if it is bought out, given the oil they have attributed to their acreage, with more to be proved up over the next couple of drills. So much for the "herd arriving" and £1.00 + on further finds. I truly can't believe this stock is 10p with as you say the potential to go lower whilst some good news is awaited.. Is the stock a buy at this price? You would think so, but those were my thoughts at 30p and 20p.. The BOD have a lot to answer for and it's time shareholders took them to task over their performance.

Read the RNS !!! and please don't ask "what's one of those".. :+)

It's strange they haven't recovered any fluids from any of the wells drilled from my recollection.. Certainly haven't told us about any if they have... All a bit strange how the veil of silence has prevailed over this whole drilling campaign.. For investors who have stumped up the funds for these drills its pretty disappointing to be treated like a mushroom. !!!

The whole purpose of the AIM market when it was launched was to allow small cap companies to develop to maturity, what it has become in reality is a vehicle for unscrupulous institutions to rob investors of their hard earned cash.. Take FOGL as a for instance, it was at £2.50 in 2010 and during the last five years has had several valuable oil finds, today after a poor drill result in the SFB they find themselves at 12.75p. How can a share be worth 1/20 th of its value having discovered more assets. But hey, AIM is cluttered with companies worth a fraction of their past values. So what do the FCA do about the abuse of this market ?? FA !!! Other than to get LSE to put a banner headline at the top of this page saying we could get seven years porridge for market abuse !!! If they applied the same rules to the thieves on AIM they would have to build ten new prisons to house them all.. !!

The trains continue to be sub-leased to Jindal with the revenue going to Minas Moatize Limitada, but don't forget we only leased the trains too, so in reality anything received by MML is repaid to Thelo. This whole event of the trains is just another sorry tail of mis-appropriation of moneys raised by BHR, our feeling was we owned the trains and hence when leased we would receive the funds... Wrong.. Smoke and mirrors to magic away the funds raised for the purchase of trains along with tens of millions of dollars which were raised to build plant improvements which never took place either. When you consider Fifa are now under investigation by the FBI for bribery and corruption amounting to $150m over a period of 15 years and the whole world is up in arms about it, it makes you want to cry that BHR magic'd away $150m over a two year period and nothing is going to happen... What's even more sad is there are hundreds of other companies listed on aim whose sole intensions are the same as the past BOD of BHR. Their activities are supported by all the same nomads, all the same brokers, all the same PR companies, all the same solicitors and no doubt all the same administrators and insolvency practitioners. Aim and the city of London are rotten to the core, just look at the offices these people work in and the number of staff they employ, and you can figure out something has to be wrong.

Hi All. Eddie and I are still plugging away. Vitol had asked for all bids for the assets to be tabled by the end of May, we were not in a position to table a bid given an almost impossible task of unravelling the ownership of assets. Baker Tilly show no interest in understanding what's occurred claiming there are no funds available to pay themselves. Vitol will be looking to secure any offers above $10m to cover their losses, we can only hope there is more than one bidder, and a price above $10m could see some dispersal to shareholders post event. The company now needs to be put into receivership in order a proper investigation can occur, this is what should have happened in the first place as Baker Tilly have done nothing to resurrect the company which is the sole purpose of administration. As for conducting class actions, our efforts to enlist help to proceed with them have faltered, we are now struggling to understand why the individual who offered to help put himself forwards, as he has contributed fork all. Sorry it's not better news but I guess everybody knew the Chuckle Brothers will have muddied the water so much as to make any actions against them almost impossible. Having said this we are able to write to their new employers highlighting their inadequacies, Karstel for instance is now working as a project engineer, take a look at his linked in profile for details. In summary BHR was used for years as a vehicle to draw large salaries by a group of ex-pats who in my opinion had no intension of bringing this company to Tier 1 cost production, in the end their greed caught up with them. We will see through the process of what happens post sale of assets to see if there are funds for shareholders but I wouldn't hold your breath.

We are still involved with the Administrators and Vitol as to the final outcome of the BHR assets. Essentially three people are now involved with the on-going initiatives, one being recently added to potentially bring some legal bite to the situation. As we explained at the shareholder meeting there were two avenues to pursue, one the sale of assets, and two the pursuit of past management and institutions involved with the running of BHR, both are now in progress. We are still uncertain of what these outcomes will be but rest assured we will give it our best shot on both counts. We will know soon if we need to raise funds and will report accordingly should we need to do so. Regards all. Andy. ;+)

Hi All. We are very much alive and still fighting. :+) We now have definitive answers from both the Administrator and Vitol, we are now initiating our next actions but as per usual we will not publish them here. Substantial progress has been made upon information gathering with regards to the assets and how BHR was managed in the past. As and when we are in a position to publish information or call another shareholder meeting we will do so. Regards, Andy.

Last week we had meetings with Vitol, we have asked Vitol to fund us to undertake an audit of the assets and ownership, also to report upon the condition of the production facility. Really the administrator should be doing this but appears not to be. This is essential as nobody can make an offer for the assets if we do not know what they are, who owns them, or the statuses of licenses. We will therefore put on hold for a couple of days the necessity to raise funds from shareholders until we have a definitive answer from Vitol. If Vitol do stump up then it's a clear intension to support the actions of the shareholder group, if they don't then it is also a clear signal. Regards, Andy.

There are 17 shareholders who have confirmed their attendance and an additional 2 committee members, therefore a total of 19. There were several who have sent their apologies and are intending to join the shareholder group going forwards, in total we have 70~80 people who are keen to support us on an on-going basis. See you all tomorrow. andy. :+)

How are you?? The information exchange has of course moved from public bulletin boards, we have to be cautious as to what is published given it could be used against us. Communication is open through the mail address from which you have been invited to the shareholder meeting, you are always welcome to mail us, if you want to reach me personally my mail address was on the invitation. We are now finalising the details for the meeting once we have firm numbers, we asked everybody to reply by close of business tomorrow. A reservation has been made for the meeting. Once we can qualify the number of shareholders both pre and post meeting who are up for the long haul we can have mail dialogue with on-going initiatives. It's important that everybody intending to be part of any attempt to get some recourse going forwards signals their intensions and joins the shareholder group, I don't mean the action committee website. We will write to all people post shareholder meeting with the conditions of signing up to the shareholder group. We are there to represent the interests of those who are going to support this group going forwards, and not the ones who will not contribute anything, and by this I don't mean just financially, we now need "more hands on the rope", as four of us cannot be expected to continue to devote the huge amounts of time we have thus far without some help... I'm hoping you understand the comments above, you are always free to e-mail me as I mentioned. regards. Andy.

We are now at a juncture where we need to have a shareholder meeting to get wider shareholder involvement and to consider how we fund our initiatives going forwards. We have had substantive meetings over recent weeks, with all parties, and will be able to put forward our true position as shareholders at the meeting. An e-mail will be sent out soon asking for confirmation of attendance and publishing the date and time. I will not publish it here for obvious reasons. Please spread the word once you have the details to ensure as many shareholders as possible attend. It's now time for all disgruntled, dispossessed and disenfranchised shareholders to step forwards to help carry the fight forwards. We truly hope there will be strong support for the meeting. regards. Andy. ;+)

Hi Everybody. We have had further meetings with involved parties last week in London and are now in receipt of substantial documentation with regards to understanding the machinations and ownership of the company. As you would expect it's like a ball of wool where you are looking for the end piece, having found it you then need to untangle it. We are having discussions as to how best to proceed but one thing is for sure we are going to need legal representation if we are to move much further forwards. We have had consultations with legals but now it's getting to a point where somebody has to be engaged. Once we can ascertain our next actions we will call a shareholder meeting. I wont go into more detail on an open bb. As you would expect there is a lot more **** in the cupboard than we might have expected and it's self evident that a lot of RNS's were misleading at best, I'll say no more. Speak soon. Andy. ;+)

Regards, Andy.

Hi, I'll get Katie to check she has received your e-mails. regards, Andy.

Thanks for your observations of the December meeting, it was me you were sat next to, and in front of you was Eddie who has now joined the action committee too. As you correctly put it, they had already hatched their plans regardless of a yes or no vote, their meeting conduct was just incredible as you rightly say. Sorry to hear of your substantial loss, we all sit with those unfortunately. :+( Hoping to see you at the forthcoming shareholder meeting. :+) For one individual here to suggest shareholders sunk BHR is very disingenuous, people need to look no further than the BOD for the real motives a to why this company has failed. The more we look into the real situation of this company the more unbelievable it becomes.

For those who suggest nothing is happening you couldn't be further from the truth. BHSAC are and have been working studiously for now almost two months on how we can resurrect some positives from the "Catch 22" presented to shareholders by the past BOD of BHR. We have had substantive meetings with "all" of the involved parties of the administration and these meetings continue. Legal consultation has been sought, obtained and implemented. Believe me when I say endless hours per day are being put in by quite a few people, dialogue is open with other action groups who have been victims of similar events as to those we have had to endure, these continue. For those real cynics out there, understand we have not come forward to ask for one penny towards what are already substantial costs incurred by a few individuals, who quietly and religiously fight the fight whilst others cast aspersions as to our motives. For legal and professional reasons, we will not publish our activities upon a public bulletin board, we will however after pivotal meetings next week hold the long awaited shareholder meeting where solid progress should be able to be reported and discussed. Regards. Andy.