Member Info for chinch

Now we know the reason for the drop is that someone has sold 10m shares yesterday. Interestingly just before half year figures are due…..

Wish you would do your research instead of posting your usual drivel….

Problem is Flex - we’ve heard this all before. Since doing the deal for BKR not one single transaction was made before the TW deal - so about 4 years.

The only positive outlook for a deal is that there must be companies in the NS that cannot make any money due to the EPL so if a deal is to be had it should be now.

Would there not be a TR-1?

On what basis?

I agree but didn’t labour do something similar (tax wise) with O&G companies under Blair/Brown?

Gives politicians the answer they need to keep WFT in place….

It’s all been quiet as really nothing has happened.

Just waiting for news on various fronts….

As usual at the TUC congress the Unions are calling for a proper windfall tax. If anyone is going can you ask what a proper WFT is?

Thx in advance.

Wonder how the banks are getting on with their chat about investing in O&G companies. If I was head of one of those banks I wouldn’t be there for longer than 10 mins…..

Jonno,

Have you considered other alternatives rather than the negative ones?

1) it might be that Leather has been forced out by BL

2) Leather has said that he retains his significant shareholding even though he has left - now why would he want to do that if he thought that Jamaica/Maria would not land?

3) it could be that uog don’t have the money to pay him anymore so he has left to help the financial situation.

4) looks like BL will call on him when required and pay accordingly which is the cheapest option.

5) if uog were in dire financial need then do a raise but BL still hasnt. I bet he thinks that he can get deals done without the need to go to s/hs.

6) BL sounds positive that a farm out will happen for Jamaica.

Why would he want to leave at this stage?

Interesting that he says that he retains his significant shareholding

Agreed newk.

Not sure they won’t go after the banks though when everyone will jump on the bandwagon after seeing record profits because of the interest rate rise. Is that an “extraordinary” event just like the war in Ukraine that saw O&G prices rise. Probably not according to Uk gov…..

So the government has invited banks from all over the world to help finance the O&G industry, but, many banks won’t be attending.

You have to laugh at this when they hiked the tax rate to 75%!!! How can a bank invest in a business when there is a 75% tax rate???

All the banks have to do is say no and send another clear message that investing in businesses with a 75% tax rate can’t be achieved.

In Amanda we trust :)

Jono, I’ve done very well on uog and am currently on a free ride with my shares I hold. Buying on dips and selling around 2p. So, that’s wrong to assume s/hs haven’t done very well. This is a trading share, it’s on Aim, shares don’t have to continuously go up to make a profit.

They haven’t got any money though, or have they?

That’s why we have no growth in this country and until the mentality changes, never will.

For all the years that certain sectors struggle for whatever reason then make a profit it’s tax away! There is no incentive for any company to make a profit otherwise you will just pay the government your profits. How ridiculous is that? But that’s what we have.

I still think that the O&G industry should have all come together and stop this WFT or reduce it so if they want to change it do something about it…..looks like they are the ones that are weak….

Jono

Where do you get the info that Quattro have bid in the 33rd licencing round? If they can’t afford Maria I doubt that they will be able to afford anything else. Why get rid of £100,000 - doesn’t make sense to me. The other blocks won’t be nailed on for oil so at least Maria has a decent report.

It seems that after any Rns there is always something to pick holes in by you. Glass half empty or half full is how I would describe you…..

Atb

You really don’t think that politicians are trying to win votes do you Newk? Lol