RE: Engage Investor Presentation at 3pm GMT12 Sep 2025 19:32
Wakey - sadly Welch does not keep his word. First he has said that there would be no further placings but here we go again to fund foukes 3 and 4. On 22 April the company on X tweeted that there would be an operational update soon. It did not materialise. I had thought through his interviews that the company would be making sufficient NET income per well to be able to build a fund and thus avoid a further placing for what I had thought would be Fouke 3. If the company is doing that well, producing good net barrels per "hole" and producing good income with the price of oil consistently over $60, I am left with the impression that the main desire of Welch is to afford his own wages and not fund further development. Also in the recent Engage Investor presentation he mentioned more than once that he would like the share price up not just to please other shareholders but because he has shares in the company. Unless I am mistaken as to my recollection of his personal holding, he does not seem to have sufficient shares in the company to justify such a comment. Yes, Tony does go on a bit but I can understand his frustration.