Member Info for Apotheki

Of course the requisition letter was valid [no need for expensive [paid for by the shareholders] legal advice]

The CEO/CHAIRMAN [plus no doubt other titles] is just stalling trying to buy time by talking to as many shareholders as possible to try and sweet talk them into backing him moving forwards.

Well I have news for him and that is that as with the Conservative Government people are no longer willing to give him the benefit of doubt [the share price has fallen from 150p+ all the way down to around the 5p mark] as it is clear and has been for some time now that there is a lack of any real transparency as well as corporate governance.

My advice is to back this group of underlying shareholders as change is required for sure and apart from the CEO/CHAIRMAN etc....others especially the lawyers Bird & Bird also need to be replaced.

For absolute clarity these are my own opinions and in addition I would add that I did not send this letter [but I do totally agree with it hence why I am offering my full support to it]

Analyst David Mirzai at SP Angel stated that the SCHB-2 well was anticipated to have low geological risk as it was twinning the SKM1 well drilled by Exxon in 1986, which proved hydrocarbons in the Stockstadt Mitte segment in the PBS sandstones and the shallower ME sands.

However, he notes that the reservoirs were both intercepted shallower than predicted with the PBS being a thicker interval with more sand and of better quality than pre-drill estimates, which implies volumetric upside to the pre-drill reserve range.

He concluded that shareholders should look forward to the completion of the SCHB-2 development well, which should materially boost production and cash flows to further drive the investment story.

Hybridan Small Cap Feast: Beacon Energy 0.143p £15.0m (BCE.L) - The full-cycle oil and gas company with a portfolio of production, development, appraisal and exploration onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH, announces an update on the Schwarzbach-2(2.) (SCHB-2(2.)) well. The SCHB-2(2.) well has encountered good quality oil-bearing reservoirs in the Meletta-Schichten (Meletta) sandstones and the Pechelbronner-Schichten (PBS) sandstones. Initial evaluation PBS indicates a 34-metre gross interval containing 28 metres of oil-bearing net reservoir, with porosities averaging 18% and up to 28%, all of which exceed pre-drill estimates. The operating team will now undertake reservoir clean-up, production testing and install the production liner to bring the SCHB-2(2.) well into production, expected over the next month.

Cutting debt?

It is good to see that the LSE, FCA and the authorities in general have started to make changes that will especially assist the smaller shareholders community.

Cutting the requirement in half to 5% for calling an EGM is an excellent start.

In my view we will from this autumn onwards see a large increase in Shareholder Action Groups calling EGM's and removing directors who are quite bluntly deemed not to be fit for purpose.

Interesting to note that the Shareholders Action Group over at LSE:BIDS appear to have got what they were looking for according to the recent RNS!

There are quite a few Shareholder Action Groups in the small caps space at the moment partly due to the dire bear market conditions but also stock [or people] specific reasons.

The relatively new lower 5% [used to be 10%] requirement makes it all a lot easier for shareholders to call a general meeting and get rid of any directors who are deemed to not be for for purpose.

One to watch I guess but I for one would not fall off my chair if this happened here in the coming weeks....

BREAKING NEWS::New oil and gas licences for North Sea as carbon capture scheme confirmed

BREAKING NEWS::New oil and gas licences for North Sea as carbon capture scheme confirmed

Beacon Energy Chief Executive Officer, Larry Bottomley commented:

"We believe the fishing operation degraded the quality of the deeper part of the 12 1/4 " hole and felt it prudent to undertake a mechanical sidetrack to ensure that we can fully evaluate the primary objectives and complete this well as a producer. This causes an additional small delay in completing the SCHB-2(2.) development well as we maintain our focus on delivering a material increase to the Company's production.

The operations team are fully focused on drilling the sidetrack to TD and we will update the market as appropriate."

It is good to see that the LSE, FCA and the authorities in general have started to make changes that will especially assist the smaller shareholders community.

Cutting the requirement in half to 5% for calling an EGM is an excellent start.

In my view we will from this autumn onwards see a large increase in Shareholder Action Groups calling EGM's and removing directors who are quite bluntly deemed not to be fit for purpose.

Historical support on the chart at around 1p appear to be kicking in this morning....

The CFO got it in the neck but perhaps both the NE Chair and the CEO should take a long very long look in the mirror.

Remember folks that the authorities at the LSE and FCA in supporting small shareholders have recently reduced from 10% to 5% as the requirement to call a GM [used to be known as a EGM] and remove any directors who are deemed not to be fit for purpose.

There are an increasing number of shareholder action groups currently doing exactly that!

It is good to see that the LSE, FCA and the authorities in general have started to make changes that will especially assist the smaller shareholders community.

Cutting the requirement in half to 5% for calling an EGM is an excellent start.

In my view we will from this autumn onwards see a large increase in Shareholder Action Groups calling EGM's and removing directors who are quite bluntly deemed not to be fit for purpose.

Interesting to note that the Shareholders Action Group over at LSE:BIDS appear to have got what they were looking for according to the RNS this morning!

Apologies as it was about the Stock Box interview!

There are quite a few Shareholder Action Groups in the small caps space at the moment partly due to the dire bear market conditions but also stock [or people] specific reasons.

The relatively new lower 5% [used to be 10%] requirement makes it all a lot easier for shareholders to call a general meeting and get rid of any directors who are deemed to not be for for purpose.

One to watch I guess but I for one would not fall off my chair if this happened here in the coming weeks....

As the Government are planning a re-shuffle in September so perhaps should the company with at least a couple of the BODs headed off "to spend more time with their families".

As shareholders we are of course all entitled to our own opinions with mine being that I would very much like to see Peter in a much more [executive] prominent position within the company.

As always would be most interested in others views on board changes?

Wrong thread perhaps as was referring to the StockBox interview

Yes not a good listen at all and now Tom W*nkiFr*th reckons that flip flop [as he calls him] is going to get sacked in the morning!?!?!