Member Info for Bootledodger

Comertoes:
In the main I agree - but why hasn't Durrant or Moody been asked why it was stated last Autumn that FiD would be made by end of Feb 19...yet that date passed with no explanation to what happened during that period that pushed this key date back a MINIMUM of 10 months???

Ovets: Those quotes in the article posted by Surfit is what should be used to form the base of the question we need to ask at the AGM.
"How can they make such clear statements regarding SANCTION of SL - then let the date pass with no comment/no reason for further delay?"
Disgusting - and I'm still long - in til the end.

Nigoil:
I'm all ears to your font of all knowledge....

People's lack of rationale fascinates me.
This is, almost certainly, a binary play.
If it never gets sanctioned the worth of the company is very, very little. Which, judging by your comment, you think is likely - in which case, what are you doing here? Sell!
If it gets sanctioned and we have the c.billion bbls that are in our areas - then the mcap will be well above £500m, unless your value the oil in the ground at 50 cents.
To state it is "pie in the sky" makes no sense.

Ovets:
we don't all have to agree...nothing wrong with that.
The remoteness of the Falklands WAS a major issue before anyone decided to explore the region...and certainly now we're, supposedly, on the cusp of having the FiD confirmed, the "remoteness" issue is far beyond us. If it's not - we have been had. The Argentinian issue is, and I suspect always will be, a live issue, but I certainly hope RKH/PMO have had some kind of assurance from HMG about security.
Of course it is a one commodity play - but not sure what that's got to do with FiD being putting back yet again at this stage, in fact PoO has stayed well above the profit point for a number of years now. Obviously PoO dropping 5 years back did effect us - but that was then, not now.
Hahahahahaha - the "rant" doesn't have anything to do with RKH...just letting off steam at MCs - biggest con in the modern business world. Good luck to them if companies are happy to hand over huge amounts to them for general (rather than specialised - in which case they are not truly MCs) advice - more fool them. Just have major problem with it when it involves tax-payers money.

Ovets:
I don't know if you're purposely missing my point or not.
I FULLY understand the complexities of being involved in big projects (I worked for the HO and DWP for 33 years - I was on the other side of the fence, dealing with Management Consultants earning a fortune coming up with new ways to work - after we'd come up with the very same idea earlier only for G3s to ignore cos they LOVED bringing in MCs)
I understand there can be slippage - especially early in the project, but by this stage our BoDs should know exactly how close we are and be honest and they are clearly not. I was at the AGM 2 years back and was informed "we're almost there" with the clear indication FiD was close then.
The fact the Falklands are remote is irrelevant once you make the decision it is operable...otherwise we shouldn't have explored there in the first place and most certainly would have abandoned it years back if it wasn't.

As I've stated here many times - I'm long and will stay til the end.
However - you seem relaxed that sanctioning has been pushed back, again, another 4 months. Last Autumn we were informed FiD would happen by April19 - now Fid/sanctioning (RKH consider it one and the same) looks like April 20 at the earliest.
You ok with that level of misinformation?

You've been posting "Project sanction 2019" time and time again - now this presentation is stating Sealion sanction within next 12 months ie. by April 2020!!!!

Views please.

...but I won't be celebrating until SL is sanctioned - even then we'll have to wait over two years to see the golden egg (pumping oil) laid!

Nigoil: When is "soon" exactly? give us some timeframe....

Ovets: he's got as much right to say he doesn't believe sanction in 2019 as someone has saying it will take place in 2019. What he stated regarding the Feb 19 date is true - so who's to say it won't get pushed back again? The Feb date has passed without a word out of OUR company.
Regarding his point on the lack of director's buying their own shares - he's correct.
Drives me nuts that he posts something like this and gets jumped on - completely different to clowns like Ralph/oilsky who just moan and deramp.

Godders: the non-purchase of shares from our hard working executive team has always been an issue (which I've posted here) for me. Well outside "insider trading" timelines - why haven't they filled their boots if they are certain it is going to be sanctioned? I questioned the company last week about the Feb deadline from PMO - basically stated it is outside their hands. Still long - but well p1ssed off by aloof attitude of Moody and co - they think they are running Royal Dutch Shell!

I agree Ovets - but we need some concrete(ish) info.
I've only been to one AGM (2 years back - but will defo be going this year) and I found Moody to be almost contemptuous to shareholders - as though whole event was beneath him.

Just called...got an ANSWER BLOODY PHONE!!!!!!!!!!!!!!!!!!! pathetic.

Nigoil: but we were told FiD would take place in Q1 19 - now it's end of 19, another lapse of 9 mths. I fully understand all the numerous components involved in bringing on line a project like this....but those components existed last year when we were told to expect FiD within the next "6 months" ie. end of this month.
Now I've been in since DES and will stay to the bitter end - and I understand fully the 08 financial grash and collapse of PoO factors that have caused us the major delays....but what has happened in the last 6 months to push the FiD date back again?

Can only see the top couple of lines - it states "sanctioned" this year - not just the FiD - does it gives any rough timeline?

Some of us have been invested from the early days - I get the feeling we are getting close...real close.

It's always been a concern Ovets - over the years numerous posters have referred to the UK Govt having some part to play in bringing to production a secure oil supply away from the madness of the ME/Africa etc - which, of course, would my sense re:national security .....but we've never seen any evidence to support that actually happening. Even the loan we've applied for, if the UK Govt were that keen - it would be a rubber stamp exercise.
I've always presumed their lack of "involvement" is due to not wanting to rock the Argentine political position ie. direct support would increase anti-British sentiments.

It is Much....problem is - we have been promised time again we're about to get to the promised land....then, nothing. If we haven't had anything concrete by the AGM - I'll be livid.

Fudd:
oh shut you bore - only liberal lunatics could take offence at such a term in such context. So sick and tired of the liberal Nazism that is sweeping the western world - dictating every value that THEY decide is important on has to be adhered to.
If true racist behaviour was happening on here I'd be calling it out. This wasn't.