Member Info for Chavitravi

Dr who, first Adler IS Kononov fronted by Shvets. Yes I think we all agree we should put in place a proper loan to move us on quickly. Has for the benefit of delisting for Kononov is self evident.

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To me guys this is the Fire East coop all over again. Trying to take control of the Company without paying the shareholders. Delist and goodbye.
What's said in my opinion is true. We have come a long way since the FE fiasco no matter what some think. All the underhand stuff and money missing is clearly down to Kononov. Sabotage of the company. I for one don't want Maximov back.
I know some feel the present directors have pulled down the share price but they have in truth only done what is legally required and reported what has gone on.
I don't trust Kononov one bit, everything he has done so far has been underhand and for self and see no reason to believe he won't continue in that vain.
Clearly the board wish to stay within Aim rules and company rules whilst he would seem not too. I think his long game is to take the lot for nowt has it was with Fire East. I trust the present board more so to do best for all shareholders than him and think they will get the JV going and develope the new fields in due course.
Dispite what some think we have got more going since these guys took over since the FE thing and getting rid of Maxi. At present I'm of mind to vote with the present board. There is much to concider given all the underhand moves I have seen before here. Who to trust here to look after OUR Interest and not just his own and play an honest game?? That is the question.

Urraca, to answer your question from earlier. Alexsi Maximov was formally the CEO and was kicked out after the merger fiasco. I think it was assumed he had connection with Barsky.

To be fair since the merger crap they have took the company forward and got things done hence the price rise at one time and more interest here but their antics of recent times have took it back to square one. Much of their in house fighting has done serious damage without doubt and they were told on several occasions in meetings about their very poor rns that were always down beat even on good news. Their "we see no reason" rns was a real shocker that crashed the share and infuriated investors. A golden opportunity missed to send the share higher with all the good stuff coming out. So yes of late their stewardship has been poor.

To update you guys as best I can now remember. Maxim Barski a bit of a rogue we found out tried to take control of UEN, but not buy it out, so he could merge his crap company. His company, he had land near ours that had not been drill or producing and needed a lot of investment to do just that. His plan was to take a stake in UEN, take control of it and then use our money and assets to developers it. Of course we all tumbled to it and saw he would screw us all and never see a return on the merger. When he failed to oust the directors and take control he and others sold their shares to Adler. It was never his intention to buy out the whole of UEN. Hope that helps knowing what went down and how we got Adler/Kononov.

My apologise guys. It was Fire East Corporation that tried to take control not Far East.

No not the Chinese dispite the Co name.
We don't need a takeover just directors on the job doing the job and capable of putting out illuminated, concise, fully informative upbeat rns instead of the short, vague downbeat stuff each time even when is very good info.
I feel a one off loan of about 10-15m is needed to let us get the show on the road quickly delivering new wells and oil.
The loan would in my view be paid off quickly and be very manageable.

The takeover attempt was by a bunch of chancers called Far East Corparation about 5 yrs ago. Shareholders through out that attempt mainly because they saw them for what they were, bent. An alleged offer was made of 12.5p. Which would now convert to 250p. The then board said the company was worth much more. Our prospects did become better when the dust settled with new management but in recent years that management has become lax and given out very poor and vague rns and failed miserably to put over good points to send the share price on. To the contrary, they destroyed share price with one rns as said earlier.

Itsagame, firstly UEN is Cyprus registered and those rules dont apply and second it wasn't Kononov who tried to take over, he took his shares from those that failed in the attempt.

I should have added the share price at the time of that RNS was 130p and increasing with the real interest of the market at the time that saw that price as under valued even at 130p.

Adler paid for the most 12p a share which equates now to 240p a share. So Kornonov is probably well pissed off at the share price and lack of progress made over the last few years. Not to mention that infamous RNS they disgustingly made "we see no reason for price increase" which killed the price momentum dead and reversed it. There was every reason for the increase and didn't take the golden opportunity to reiterate to the market. We haven't recovered from that since.

My best guess is that his cronies already have that 6% between them. I don't know, but don't directors have to have an interest to be directors? This stinks for sure.

l.o.l maybe the 7 was an mm signal of some kind?
I wonder if someone knows something?

Defender2, he can't takeover the Co only owning 44%(or should I say his daughter does!) He would have to at least buy another 7% to make him the majority owner at 51%. Right now that could easily be done at the right price on the open market. Then I think he could make an offer for the rest.
On him saying his daughter has the shares in trust that to me says he has no interest in the company so the board could sack him for gross misconduct, no need to ask him to resign.

There lies the problem. It could have been his intent to do this and then pick up the rest of the Co for peanuts.
This guy is clearly bent, as crooked as they come.

Yep, LDC and petrosak are all part of the group so far as I know.

It certainly wil raise capitall if we can quickly raise oil production by 50% which is not beyond possibilities.

I think Kornonov will repay. I think he will arrange a loan for his man to keep the shares.
I think he will do it to save face and restore confidence in the group.
I also think we will get some but not all back from the port and agree to release our share of funding in tranches has and when required.

The answer is yes, we do get a premium over brent for our light sweet oil.

Mm have always throttled this. It's going to be a bugger getting this back to above a pound.
The sooner this in fight is settled and get the money back for Koronov mans loan at least then get a good loan to allow us to press on quickly the better.