Member Info for Bugsy911

Any thoughts on why our housebrokwr has dropped our target price again ?
Really cant understand the metric they use as almost half our value is cash in the bank....and yet this field can produce for the next 100 years....

I'm also of the opinion turn the taps off and remove the bod.

This would have been known about a while and another shocking tactic to drive the price down from within.

Only just seen the Tullow news been a bust morning 70% down is something I'd expect to see here and not with them....Christmas usually means a court case for us doesnt it lol

I added last week at 187 and will keep those till were sold , increased my holdings by 15% this last 6 months thanks to the dividend which I will keep reinvesting and waiting.

The pressure will come from the major holders once the share price continues to slide to silly levels and payment news stalls.

Were in a bit of a mess imho and deserve some clarity.

The company's quite disgraceful lack of communication and clarity on a number of issues is the cause of the problem.

I don't need to highlight them as we all know what they are and confidence is really at an all time low due to it.

The pressure is mounting as production increases and missed payment dates are all upon us now so need has to be forthcoming or JF will be under serious pressure and imho rightly sacked.

Dividend payments, share buyback, production increase imminent and all self funded ....if we get paid where is our last payment is this the reason for the drop?

JF should walk the guy is a walking disaster and has destroyed this company., I'd rather it have gone into administration rather than seeing him earn his big bucks and keep fleecing us as he is.

JF would have been booted out long ago from any normal company looking at the destruction he has done here.

Nothing in relation to what he initially said and has then since done adds up and the silence from within is slowly destroying us.

I've zero faith in him delivering anything from this mess and would happily boot him out tonight if we could.

Payment rns is very late....you are right.

The big boys who own most of the shares are here to make money yet the share price regardless of news is pretty much static so what are they waiting for ?

I'm over 10 years invested here now since hysr after sh1 hit oil and apart from the rise to 450 in the rumoured 8 offer has been nothing short of a disaster for me.

Companys in the best financial shape ever and despite additional drills we still have no amended PSC or an updated CPR was proper figures...in fact were almost valued at cash in the bank on the face of it a complete manipulated farce.

It's done wonders to the share price ....

Just means we are still waiting our rerate of the 50p gap between us and plus some when it happens.

They've caught up 50p on us over the last 2 months so maybe we will wake up sometime soon...if nothing else this year we must get news on our CFO.

The Guys a fraud and has no shame , been nothing short of a disaster since he joined and would happily kick him out the door if I could....notice he doesn't have any more meet and great coffee sessions either since he sold us down the river.

It's a shame nobody else seems to think it's a great buy....we were 50p in front of genl 2 months ago and they are 6p behind us now so where is our bounce ?

Was always going to happen as sadly investors will take a further hit or potentially lose the lot if financing cant be found and money nen are ruthless when a company is in its knees like this.

Such a shame to see as it's a great venture.

The housebrokwr valuation is laughable.

On what they publish the fil3e will be dry within 10 years yet look at the size of the pipe being laid.

The while thing is a farce and JF needs kicking out , his tenure has been to nothing short of a disaster for me.

A licence to print money now although youd never guess with the share price.

Agreed until the share buy backs are cancelled they add no value to the shareholders so wouldn't be happy for them to do it unless they are agreed to be cancelled.

All money should ge going into clearing our debt saving interest payments and increasing field production as neither the buy back or dividend have added any value at all.

Share price is laughable...and irrelevant until sold.

All these silly drops do is allow for more shares for your bucks or if trading a few gain free shares for very little work other than selling and rebuying lower although I wont personally take that risk as the day i do we would be sold and locked out.

Fully expect this recent walk down to go under 200 here we should really be approaching 400...be interesting to see what happens to the process when we do deliver the 55k bopd cane can't be held down forever.