Member Info for Charlie156

The question I'd like the institutions to ask Blakeley is 'Are you embarrassed to have been awarded a performance bonus for 2022, as no doubt you will be for 2023, while your shareholders have seen the value of their holdings plummet'.

It has been clear for some time the Remuneration Committee is not fit for purpose, and rewards failure.

Anyone have an idea on finance costs going forward, cos I don't. H1 23 finance costs jumped nearly $18m against H1 22, and with the substantial refinancing in place, it ain't going to be pretty.

Time will be the deciding factor here. JSE will need to put down solid production numbers month after month, with no disasters and ideally a kind oil price. Discount the daily gibberish from Roxi the Ramper.

I noticed that, but the AIM volume has been very healthy the last few days. Why would they be buying back more expensive TSX shares over AIM?

May I suggest that Blakeley gets his finger out and comes to London in November. Investors have had a few days to reflect and they ain't impressed. Baillie Gifford are continuing to sell large amounts of shares everyday. That's the thing with a JSE RNS, on first reading it sounds rather good, then when fully digested, you start to feel a bit queasy.

The Dec 22 dividend was 6.01 cents. There have been two 10% increases since, to 7.27 cents for Dec 23. With circa 7% less shares in circulation, they are listening to shareholders. I expect another 10% increase to 8 cents in Feb. I'm rather partial to a Murray mint, and their slogan of 'Murray mints, Murray mints, too good to hurray mints' is apt for our CEO's dividend policy. Patience is required, remember 'you can't hurry a Murray'.

Thanks Exploration. Regarding E&P for BP in the future, they have said they will be sticking to the areas they are presently operating in. The gargantuan Vostok project promised to use all of those world class skills BP possess, but that's not happening, for now anyway. Looks like Kaskida will get FID approval in 24, another challenge for BP, and one I'm sure they will conquer and add to their rich history.

I always wondered with the BTC pipeline ending in Turkey, what else was going on there. Not much, by the sound of it. The ACG field is well past peak production now, anyone know how much of the 1 million barrel BTC capacity is in use today.

I welcome the appt of Dr Karl Pfaff as GLS CEO. Promises, promises,promises, heard it all before. The UK business remains a mess and throwing a bone out there for a FY modest dividend will not placate the market. I just wish they'd stop pfaffing about.

Your exclamation mark laden posts and language BOOM, BUY 1 GET 2 FREE, etc indicates your a chump of a Ramper, shareholders like myself who are suffering the consequences of woeful mismanagement have learned the hard way here.

Welcome to the world of a JSE RNS, where the word disingenuous is probably the kindest you could use. Production from CWLH is 1800boe/d so far in 2023, Blakeley has made this rollercoaster an even more hazardous ride.

Starting to think Roxi is Blakeley's love child, conceived on the Montara FPSO. They say never fall in love with a share, you've gone way beyond that stage.

Roxi the Ramper has really gone into overdrive the last few days. Baillie Gifford are selling everyday, and with a 7.8% holding that will stymie any rise in the share price. If they want to get down to 3%, that's another 25 million plus shares to come.

CWLH was producing 2366boe/d when JSE acquired its initial stake for $82m upfront decommissioning costs. Production this year has fallen to 1800boe/d and the oil price has dropped as well, yet JSE has got to pay $102m upfront decommissioning costs. The field produces revenue of circa $50m a year, with opex costs of $2 per month. This will used in awarding Blakeley his 2023 performance bonus, but shareholders will have to wait a lot longer for a return.

The 30 barrel oil spill is factual, as confirmed by JSE at the time. Note that JSE is the only one having to pay into the decommissioning fund due to its credit rating.

Blakeley is the man who turned a 30 barrel oil spill into a £300m destruction of shareholder value. His performance over the last 17 months has been abysmal, yet somehow was awarded a performance bonus for 2022, as no doubt he will for 2023. There is an institution selling here everyday, and trust has evaporated. The feeling persists that a JSE RNS does not tell the whole story.

If JSE acquired the PTAL CEO, the shares would immediately rerate. Comparing the 2 companies is foolish, PTAL have numerous challenges but they have a CEO who delivers for shareholders.

You don't agree with MA becoming CEO, you don't agree with BP's current strategy. My advice is sell the shares, because the strategy ain't changing and MA will be appointed the next CEO.

Market largely unmoved by today's update. No mention of what tanks were now operational on the FPSO. There remains a lack of trust in the CEO which will take some time to disappear.

What was he skewered over. More facts, less tittle tattle.

Bemused by the market reaction. Topped up first thing, the CEO here really is outstanding.