Member Info for bigsmoke

my money is on Dik wins the election. i bet he was secretly out there campaigning.

.. if the country's civil war doesn't flare up further.

both 3card. both.
deception and incompetence.

Against that formal position, how could Foo go on a market focused broadcast and state (on any reasonable basis) that (he believed) that the ENEO deal would be back on in a couple of weeks and that the SP depression was a "blip"? the dude is deceived.

Note:
(1) inability to sign deals is a primary disclosed risk within the next 6 months!!!
(2) "Ability to fund the Company with available funds, debt, operational cash flows and other sources" is stated as a primary risk "WITHIN" the next 6 months.
(3) As is "inadequate resources".
(4) As is "Other financial risks: FUNDING RISK"
(5) and, under external risks: "Capital constraints".

There is MONTHLY risk meetings. And the listed (non-exhausted) risks are only on a 6-month forecast, not 12.

Principal Risks and Uncertainties
The Board determines the key risks for the Group and monitors mitigation plans and performance on a monthly basis. The principal risks the Group has identified for the next six months are summarised as follows:
• Operational risk: Inability to sign grid power gas sales agreement with ENEO or other power generating companies
• Other operational risks: HSE and security incidents, title and licence risks, well/process plant/pipeline integrity risks, reliance on key customer risk
• Financial risk: Ability to fund the Company with available funds, debt, operational cash flows and other sources
• External risks: Capital constraints, global economic volatility, commodity price risk, legal compliance regulatory or litigation risk, adverse market sentiment, political and country risk
• Strategic risks: Investment decisions, inadequate resources and reliance on key personnel
• Other financial risks: Funding risk, counterparty credit risk, management of costs and capital spending, tax risk
A more detailed listing of risks and uncertainties facing the Group’s business is listed on page 24 of the Report & Accounts to 31 December 2017, which is available on the Victoria Oil & Gas Plc website: www.victoriaoilandgas.com.
http://www.victoriaoilandgas.com/sites/default/files/180630%20VOG%20Interims%20Results%20to%2030%20June%202018_vFinal.pdf

good grief oldtimer, you have exposed them there in black and white: FIRST, "and being reasonably assured of the a
the ability to raising additional funding when required" (a) additional finance is not stated as coming from the bank and so is likely to be an equity placing, (b) even still, it is only a reasonable assurance. nothing contractual. SECOND, "the Directors are of the opinion that the Company" (a) is entirely based on the foregoing which is not factual but a statement of belief only, and (b) the statement is an "opinion". the greatest and most often played 'get out of jail free' card there is.

and didn't foo say he was not going to stop in order to make shareholders rich? of course, followed by an evil chuckle. should have seen it coming.

"Financial Times Cameroon election dispute pushes country towards crisis"
https://www.ft.com/content/84f7f08c-cc7c-11e8-b276-b9069bde0956

didn't an entire II get out????

when posts are getting removed, that tends to suggest a fictional picture is more desirable.

like, 25.5p....... say, what???????????

yes, i had to rub my eyes this morning.

reported by VOG?

Too true.

what is our y/e bopd target?

woocha - "ONGC is looking for fields with a minimum 25,000 barrels per day of oil production."

"and make more gains for himself.

he has the gas and pipeline and customers. small cam team to tick over and that's a pension folks!

if they ever fall on hard times, offload matanda and west med.

so sad.