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Parsons created 'The Trinity'
Sound Energy
Echo Energy
Coro Energy
Menzies is on the board of 'Trinity Exploration' lol
Gizzard
The only member of the BoD that has any credence is the CEO, Menzies. The rest you need to research. Parsons has no glorious reputation (ECHO and SOU), both companies in which I am invested. There are, I am sure, many investors here that will agree with me that they have lost a great deal of money in both of the latter. Both companies are in deep doo-dah. McAuley was CEO of ECHO and left under a cloud and is on the BoD of CORO. Funny that..
Marco is Parsons' loan wallet and nothing else.
Assets? What king assets? They issued bonds and warrants in April to prop themselves up. These are DEBTS, not assets. Parsons pulls the strings, even as non Exec, he created all three companies.
The BoD are there to line their pockets with your money. I have a small holding, but they were free shares from the CORO launch because I had a substantial number of ECHO shares. If the SP ever reaches 3-4p I'm out.
My lesson has been learned the hard way.
Good luck to all if you think the BoD can deliver 'value' to shareholders, Parsons has quoted this so many times with his other two failed AIM companies.....
Yes, remember it well. I made a small profit when Ithaca BoD (IAE) rolled over and accepted £1 a share from Delek Group on their FOIL. Delek have deep pockets.
Holding HUR and MATD to try to make up for my paper losses over at ECHO and UKOG. I might break even at Xmas....
GLA
Peter Cushing was a well known resident in Whitstable, Kent. Absolute gentleman and always tipped his hat when greeted, I had the pleasure many times when I lived there. When he passed away, the High Street was absolutely packed when his funeral procession took to the road. There were only whispers of 'good bye Peter'. He loved his dear Helen (wife) that pre-deceased him and there is a rose named after her.
'The relatively large size of this EIA is designed to give the Company maximum flexibility in selection of future wells in the acreage including the forthcoming TE-11 exploration well and further future drilling locations.
My interpretation is that they are going for TE11. 'Forthcoming' means a commitment regardless of TE10.
Award of Environmental Impact Assessment ("EIA")
From the last paragraph of the last RNS
'The Company is pleased to confirm the successful conclusion and award by the Moroccan authorities of an EIA for future drilling activities. The EIA covers approximately 9,400 square kilometres in the northern region of the Greater Tendrara permit and the majority of the Anoual permit. The relatively large size of this EIA is designed to give the Company maximum flexibility in selection of future wells in the acreage including the forthcoming TE-11 exploration well and further future drilling locations.'
Does this mean SOU are going for TE11 or that a buyer for SOU has the options?
https://www.soundenergyplc.com/our-portfolio/asset-overview/morocco/sidi-mokhtar/
Any TO offer could come from anywhere...
'In June 2017, Delek completed acquisition of 100% of Ithaca Energy, an oil and gas operator focused on the North Sea with proven experience in offshore drilling. Ithaca brings Delek significant operational capabilities while enhancing its geographical diversification and increasing its expected average daily production.
Delek continues to seek out additional synergistic and strategic opportunities, especially in North America and the North Sea.'
Very OT but worth a read, particularly to Bolivian economics.
https://www.nationalgeographic.com/magazine/2019/02/lithium-is-fueling-technology-today-at-what-cost/
GLA
I have been married to a lass that heralds from Russia (Siberia) for 15 years. I can assure everyone that in any part of Russia, they have never heard of 'Chicken Kiev'! Including the Ukraine..
GLA
I have always traded through a Stocks & Shares ISA (I am with IG). There is no tax liability on any profit you withdraw, the only limit is how much you can put in, in each UK Financial Year.
You can multiple share trading accounts outside of ISA (as I have), but as long as your drawn cumulative profits in these do not exceed £20k (I believe) you are also not liable for CGT. The next Government
budget statement on these perimeters may change. If at the next General Election, if Labour get in then you can kiss all this goodbye.
GLA
Christoski is correct.
Evening folks
I don't understand why ECHO don't go for some more Work Over 'candidates' while they are sitting on their hands waiting for the TA seismic? The previous WOs have been relatively successful and they were cheap to do. Was anything mentioned in the Q&As? It is 'bread and butter' for them, so it makes sense (to me anyway).
Maybe funding issues for any more Work Overs....
I was hoping that EMS would have been 'transformational' for my birthday tomorrow. Oh well.
Got tomorrow off work with Mrs Chez. (I never work on my birthdays having vowed never to do so again after so many years at sea in my previous occupation)! Weather looks great for tomorrow in my part of the world. Hope everyone is OK.
GLA