Member Info for Contra

Of course there will be a transition to a low carbon future, although that message is still lost on many parts of the world, India and China to name but two. The world economies would not function without fossil fuels so we will be dependent on them for a long time to come because they are the feedstock for a multitude of products that have become essential to our daily existence. Here is the view of the BP Chairman who is closer to the action than most :-

"The transition will, and must, happen. The challenge for us is to be ambitious in our vision but pragmatic in the way we execute it, finding the right new business opportunities while developing and improving our core business. That’s what our shareholders are telling us they want from us."


" I think BP can play an important role. We have the talent, the financial capability, the relationships and we understand global energy markets and big projects. My mission is to help to keep us an attractive investment proposition through the energy transition, leaving no one outside of BP in any doubt that we are doing so in a way that is consistent with the Paris goals. We may have different views on how we get there, but we will play our part."

zeps - That would be poor reward for all your years of anguish. There s nothing wrong in hoping for a realistic price given the reserves we are told are there. If they are real, and none of us have real reason to doubt that, then £2.38 or whatever similar or larger number could be attainable. We none of us know right now but there is no reason to be depressed about the future.

Wot mis-statements?

The usual thoughtful insight from Devex and would add that once the Cayman proceedings are signed off it then makes much sense for FRR to re-list as soon as possible before any Californian case hits the courts (if it ever does).

This will enhance the credibility of Frontera considerably and would be another nail in the Hope coffin. At this stage I cannot see how he could win and if he does not settle it really would be a triumph of "hope" over stupidity. he would though still have to face the SEC and good luck with that - he will need it!.

Now then Tsbs - "Steady the Buffs!' Having pondered on the latest situation and trying to put myself into Hope's position, whatever he was expecting in the Caymans his heart must have sunk lower than his boots when he was confronted all of a sudden by a jury trial in California. This would be the last thing he would have wanted or expected to happen. This is the biggy, all the results of discovery, all the shenigans he has been up to revealed to his fellow Outrider investors and the rest of the world in the daily harsh light of publicity of an American jury trial.

From our point of view - no more second guessing or speculation, it will be daily updates to mull over - can't wait!

Tigers are extinct in Castleford!

Earsbern - I have similar thoughts in that roughly speaking, Cayman = law and California = money. A Cayman result should open the door to news and deal progress, while the money side is really taken care of in the US where damages can be very large.
Hope would have to be a two sixpenses short of a shilling to attempt a defence in the US if he has lost in the Caymans.

LL - you're asking Ian12 his opinion!!. Rather you than me. I'm still waiting for him to spell "Debenhams".

If there is an out of court settlement it wouldn't be necessary for an appeal court hearing. From what we know so far the last place Hope would want to go to is the Appeals Court. As Judge Kawaley has indicated his chances of success are minimal and his costs would be astronomical/huge/eyewatering/****kin large.

Ian12 - you really should pay more attention. Costs were awarded against Hope/Outrider after Kawaley realised he had been deliberately mislead. These costs would be substantial given how this is dragging on. This is not a minor UK court, this is playing with the big boys in an international court. No insurance company would take on these risks.

It seems that by defining the court action to the SEC as "spurious", Hope is making the same sort of mistake as he did with his nonsense request for an injunction. Does he think that everyone else is stupid. The Court and the SEC could and have seen through this in an instant.

You know the old saying, "when you're already in a hole stop digging" . Let's hope he doesn't know how to stop!

DYOR

Ian12 - I make no judgement, I was referring to comments others have made which were entirely understandable.

It is very understandable that people do not think you are credible when your grammar and spelling are so bad. You may not care less about this, if so, then don't complain if others decide to judge you on it.

As you have now retired you should have the time to make improvements :-))

Tsbs - In case you (or anybody else) need more information, all is revealed on www.gov.im

Tsbs - If, sorry when, this comes good you should easily be able to afford a "little " house here, or, even a big one!

Tsbs - IF you are resident in the IOM and your tax affairs are conducted there. No capital taxes will be paid.

Wot, no yellow tie!

Zen - That is exactly right. Anything different is a misinterpretation of what the Judge has concluded so far, yet there are too many people on here who cannot seem to grasp it. Difficult to say if that is deliberate or not.

This is without any doubt a very frustrating period. The lack of news does not help anybodies well being. Only Zaza can fix this situation. Calling the messenger names will not alter the situation.