Member Info for bigsmoke

don't worry I'm sure the BOD will add that to their to do list and explain that the great bounty will be with shareholders imminently.

of course we have. rather than have a mobile asset out of reach from those that might wish illwill, we spent over £250M burying ours in a city on the cusp of deadly disease and also civil war (one side wanting to destroy British commercial assets), all the whole rewarding the decision makers handsomely for doing so. unbelievable.

MInd you... "The base price for the share price growth is 27.5 pence", unless the BOD can get the SP to double in the next two weeks then I guess they might laspe?? If they can, then they can have their shares :)

While the Koolaide is passed around, we all know what to expect next month - The 2016 awards vest in May 2019...

"The 2016 LTIP award, made on 20 May 2016, compriseda total of 11,300,000 awards, of which 6,300,000 weremade to Directors as set out in the table below. Halfof these awards are subject to an absolute total shareholder return (“TSR”) performance conditionwhereby 30% of this portion will vest if 10% compoundannual returns are achieved, measured at the endof the three-year performance period, and 100% willvest if 20% compound annual returns are achieved,with straight line vesting between these points. Thebase price for the share price growth is 27.5 pence,being the average of the closing price for the threecalendar days prior to grant.Half of the awards are subject to a comparative TSRperformance condition whereby 30% of this portionwill vest at median performance, measured againstthe comparator group (listed below) at the end of thethree-year performance period, and 100% will vest atupper quartile performance, with straight line vestingbetween these points.The 2016 awards vest in May 2019 subject to themeeting of the performance conditions."

BBN - you use phrases "...likely capable of adding...", "...could well see...", "...is also skewing the figures somewhat...", "...there are things I don't agree with ... it is a completely false position...". With all due respect, sounds like wishful thinking.

BBN - Friday's OBA slipping again...

Mr tupe got paid £1,455,000 in 2018. Do you think he needs LTIP for failing to drill the vast majority of the wells advertised.

Long Term Incentive Plan (“LTIP”)

An element of the executive remuneration package is thegranting of share awards under the LTIP. Awards underthe LTIP were made to the CEO and CFO in 2018.The 2015 LTIP award was subject to a combinationof absolute share price and operational targets. 63%of the awards made to the CEO and all the awards madeto the Chairman and the CFO were subject to a shareprice performance target. This share price target wasmissed and so all of the awards granted to the Chairmanand the CFO lapsed in full and the portion of the CEO’saward subject to the share price condition lapsed.In February 2018, the Remuneration Committeedetermined that 60% of the CEO award subject to the installation of the OBA pipeline vested, totalling2,262,000 shares, following the assessment of the resultsof the commissioning and operation of the pipeline.The 2016 LTIP award, made on 20 May 2016, compriseda total of 11,300,000 awards, of which 6,300,000 weremade to Directors as set out in the table below. Halfof these awards are subject to an absolute total shareholder return (“TSR”) performance conditionwhereby 30% of this portion will vest if 10% compoundannual returns are achieved, measured at the endof the three-year performance period, and 100% willvest if 20% compound annual returns are achieved,with straight line vesting between these points. Thebase price for the share price growth is 27.5 pence,being the average of the closing price for the threecalendar days prior to grant.Half of the awards are subject to a comparative TSRperformance condition whereby 30% of this portionwill vest at median performance, measured againstthe comparator group (listed below) at the end of thethree-year performance period, and 100% will vest atupper quartile performance, with straight line vestingbetween these points.The 2016 awards vest in May 2019 subject to themeeting of the performance conditions.No LTIP awards were granted in 2017.

does that include Malcy?

i am not against rewarding success. but AIM companies could be a LOT clearer on the fully dilluted position.
here, it is the timing that i take issue with. they did not issue at 20p but 13.5p. after all that hype and talk about ocean of oil and third rig. none of it happened or is progressing with speed. getting the feeling all is but a carrot dangled in front of PIs to justify the issue of rewards like that today.

Lol.
Hearsay

What happened to not losing your job as an incentive?

Worth measuring SP v 2011 SP ( adjusted for fresh issues ).

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=AMER&ArticleCode=5r7z0tds&ArticleHeadline=Long_Term_Incentive_Plan_LTIP_Awards

It is a disgrace. And most defended the BOD last week. They are out for themselves, not LTHs. The last thing we need is more shares in issue.

CONFERENCE CALL

Petra's Chief Executive Officer, Richard Duffy and Finance Director, Jacques Breytenbach will host a conference call at 9.30am and 4:00pm BST today to discuss the Q3 FY 2019 Trading Update with investors and analysts. Participants may join the calls by dialling one of the following numbers shortly before the call:

First Call - 9.30am BST

From the UK (toll free): 0800 358 9473
From South Africa (toll free): 0800 111 446
From the rest of the world: +44 333 300 0804
Participant passcode: 66129403#

A replay of the conference call will be available on the following numbers from 12:00pm BST on
15 April 2019.

From UK (toll free): 0800 358 2049

From US (toll free): 1 844 307 9361
From South Africa: +27 21 672 4123

Rest of the world: +44 333 300 0819
Playback passcode: 301282059#

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PDL&ArticleCode=19e2hyrp&ArticleHeadline=Q3_2019_Trading_Update

sound good

such an easy dismissive thing to say and glosses over the dashed hopes engendered by over optomistic directors.

they play with live ammunition when making market senstivie public statements. the quid pro quo is progress. which has not materialised so far in any impressive manner.

we need the oil comapny permission, and ONGC 2nd rig pronto.

Cantor Fitzgerald reiterates its Buy recommendation for #AMER following our FY18 results - “We believe the valuation is attractive at current levels and we see this as presenting a good opportunity for investors to take a position, particularly in a rising commodity market.”
https://twitter.com/amerisurresourc/status/1116246635930107904?s=21

"Just think of AMER like a football team."

- lots of tired legs out there. sub the BOD.

thanks Chris. if trading does work out, you should audition for BGT.