Member Info for bluerill

methinks otherwise

Oh yeah, and our shares are up today, unlike 99.9% of the rest of the sector around the world

Ok, I'll give it a go.....First of all, it would be 'Alewreck' if you had an ounce of wit about you. Second, maybe you hadn't noticed on your seemingly endless search for inconsequentialness, but markets are reeling, lead by the oil price, which have taken the sectors we occupy down with them. With or without the massive capital return from the company earlier in the year therefore, sle's share price has outperformed every O&G index, large and small this year, this month, take your pick, often by a large margin and remains one of the more liquid names among the otherwise beleaguered AIM O&G market, while retaining one of the oft-repeated soundest stories (from growing cash on hand, to improving prospects in country to future corporate action potential) in the space going forward. Next.....

you certainly were not, PC. i was preparing a response in fact to your post, but as with my response to OW's, I saw it had disappeared, so I stopped. In Ow's case however, the response was too important so I've posted without his original. Hopefully, someone can appeal to the genius who deleted all these originals and get them re-instated

Firstly, OW, tosca DID tender some last time. 15m shares as I recall. Secondly, when/if there is another tender say, for 10% at 60p, that would be a bid for 45m shares. If Tosca don't tender any, remember also that Jite/Midwestern won't either, which would mean any retail holders who submit their entire holding for tender would end up selling pretty near all their shares at a 50% premium, giving them a 130% return this year-to-date in just over 6 months. Not bad by any standard. For those who decide not to tender (and Tosca don't either) however, it isn't near as scary as you're suggesting. Tosca would end up much nearer 80%, not 90, and the reason for that is simple: Jite/Midwestern. Their large and seemingly growing holding makes the math virtually impossible for Tosca to get anywhere near squeeze out territory. And it gets a bit better even: a tender at 60p may well entice Tosca to tender a few again (no one reasonable would fault them). In that case of course, punters tendering their entire holding would cash out of fewer than 100% on a pro-rata basis, but Tosca's super-majority would then also fall a bit, giving them even more distance from this latest scare-mongering notion that's never going to be an issue anyway. This obviously presupposes that Jite/Midwestern again won't tender under this scenario (or any other for that matter), but that is one assumption everyone can take to the bank.

You need to learn to speak/write, not just when you have something to say, but when you have something of value to share. How do make such an imprecise determination? Not easy, but most of us filter out our backwash through a series of questions most mature adults come by naturally: 1. Am I simply mining historical events and repackaging them in a different format in an effort to sound clever?; 2. have i already said this a grillion times already, but feel a need to make a comment just to remain current in strangers' minds?; 3. am I conveying information that is so self-evident as to be almost insulting to the average person's intelligence and thereby really meant to make me feel smarter?; 4.and, If my post would be better shared with a therapist than on an anonymous chat board, maybe that's where it belongs?

You seem to like quotes. How about a paraphrased version of the WW2 poster that was ubiquitous around the country during the war, which implored citizens to think twice before travelling in order to save fuel. Before you write something next time, ask yourself:

Is this comment really necessary?

I don't 'show up', you bloviating phoney. i post when something needs saying. Otherwise I live my life and shut the hell up. You should give it a try

Best you can do?
C'mon, there's gotta be more you can share. Tell us about your dog who always gives you 'that look' whenever he senses you're spending just that little bit too much of your quality time on your 8 screens. He's like a mind-reader. Thank goodness he's there to remind you of what's really important, right?

Another rapier sharp comeback from the master of the banal.
I, for one, will particularly miss your flaccid insights ripped from the pages of A Random Walk Down Wall Street, your 20/20 hindsight trading fantasies, and most of all, your humble renditions of a life so boring that you to go on a business social media site and share it with a bunch of strangers.
Lit

'.....My wife is not impressed unfortunately so for me it is farewell.....'

please God

San Leon moving up in the world. Who woulda thunk it?? Oh wait, every legit poster here.....

for the record PC, my comments referred to this morning's price action, not yesterday's 9m share print. That bargain was clearly a significant, unique buyer and is very likely related to the protracted effort to rid the company of the stain that is Suntrust once and for bloody all.....

buyer goes on, while market makers are happy to short the stock here after such a sustained period of outperformance. I'm happy to bet that the former is looking for an vibrant period of development for the company in the immediate future and will be proved right, while the latter will be forced to cover at (much) higher prices....

It may have escaped the notice of some, but there aren't many O&G microcap shares anywhere in the world that have seen their share prices moving higher in this otherwise miserable equity environment this month, which has coincided with a swift kicking to the oil price as well. Search further for names that have seen 2% of the company trade hands at a 10% premium to the undisturbed price over that period, and I reckon one is left with a list containing a single name

'.....can you remember we decided an a legal basis to take grynberg share of VOG from him....' I remember it well. What of it?
'.....Pressure by who dik authorised with foo on a $90m drill we did not need fact!!!!!!, do not start talking nonsense about it, it was not just foo, they are all involved.apart from newbies....' Who said Ahmet wasn't involved? Not me. What are you on about??? Likewise, I know a lot about the drill and Logbaba generally. High pressure/high temperature well was always going to be yuge cost, but the final price tag was plainly grotesque, though for some of us, sadly feared from the off. That said, they did have to drill another well - fact - and those plans preceded Ahmet.

And as for the comments about VOG's litigation history, it is necessarily a specious argument. History as a guide for future outcomes is a dangerous undertaking even with the sharpest minds. In fact, as it is being used here, its more like mental masturbation frankly. I'm making a strategic argument here. Halting royalty payments is so much more than some bog-standard legal issue and thus questions of whether CHL will sue (spoiler alert: its not a given that they will), how long will it drag out and then, who might win, are secondary considerations right now. What's important is the circumstances behind the establishment of the royalty in the first place, how it was accounted for over time and what representations VOG have already made to CHL about their position. For now, we wait to see how this develops but I'm confident there is more than meets the eye here.

Um, they kept you from having a completely worthless share in your portfolio, mate. Like it or not, after the ENEO blow, VOG would not have raised penny one without Ahmet. He has a lot to answer for, as I hinted at, but the shareholders that stumped up the dough that the Company would inevitably have to raise under the most pressurised circumstances, would never have done so without Ahmet agreeing to remain. Just a fact.

Ok, let's clear some things up. Firstly, Kevin Foo is NOT working for this company any longer, in the background or otherwise, videos notwithstanding. Read the RNSs again, carefully. He was turfed out and now the Company have suspended his royalty. This is a war footing between the parties and I'm intrigued by the Company's battle plan. Second, why do some of you automatically assume that extended litigation in this case is necessarily bad? Seems to me - as I tried to explain previously - that the Company has a pretty good case. Add to that the fact that CHL would likely suffer far more from costs and unflattering revelations in a protracted legal case, and I believe you have the ingredients for a far earlier-than-expected settlement of this cancer on the company than anyone might expect. Third, I am not an advocate for Ahmet, though the activists that backed the last fundraise, appear to be. He is probably in the top quartile of AIM CEOs for business acumen and local knowledge - which have doubtless impressed the activists; I know it did with me - but he is still grossly overpaid and has too much hair on him from his association with Kevin. Finally, grow up with the dopey 'paid poster' nonsense. I'm trying to help

I once posted frequently on VOG, and consider myself expert in its finances and operations. I reluctantly sold out a substantial holding a few years ago after concluding that the with the high costs of gas replacement, but particularly with the royalty in place, the business - no matter the speed of new customer signups - was structurally unprofitable (the ENEO decision just made me feel a bit smarter for my sale timing, but no one saw that coming), The only real hope was to wrestle Kevin to the ground and somehow extinguish the royalty but, despite both public and private assurances that the board would tackle the issue, it became evident to me that it was not going to happen.

Needless to say, since Kevin has been forced out of the company and the emergence of some familiar investors as activists, I have been stalking the Company like an ex-girlfriend who cheated on me but is now single again. Which brings me to - for me - the true bombshell of today''s results and why I'm considering calling my old girlfriend up and asking her out for a coffee: the royalty suspension. This may seem to many of you as a desperate act of a company short of cash - and that may well be the case - but to my eye - particularly with other major initiatives like a potential split of upstream and downstream businesses - it looks far more constructive. The circumstances surrounding the establishment of the royalty to CHL and in particular, the under-reporting of the structure and therefore true cost of this liability to shareholders, may in my view, render this move to suspend payment a strategic, rather than desperate, one. If that's the case, then VOG at 12p might well prove the new Chairman's current hyperbole about the share price's 'massive' undervaluation prophetic. (Oh, and p.s.; push to get rid of John Bryant. He's worse than dead wood).

Malcy can wonder all he likes. This is an upgrade