Member Info for deltavegatheta

I'm assuming they are motivated by self interest, just my opinion.

There's Lunn who's primary objective is to get Petroquest paid back it's $4m and Menzel who's primary objective is to get the assets as cheaply as possible.

Shareholders are just an inconvenience.

Some background on the “incoming” “to be confirmed” CEO Ricardo Dumont Dos Santos

https://interaktiv.br.de/honorarkonsuln/ via Google translate

Managing Director at 50 companies

How familiar some honorary consuls are with the business customs in the host country can be seen at the beginning of our research on the Portuguese Atlantic island of Madeira. In the capital Funchal, in a building with green shutters, Ricardo Dumont dos Santos had his official residence. An ice cream parlor downstairs, the honorary consul's rooms upstairs. Madeira is a popular European holiday island, but not only that: Last year, journalists from BR Data and BR Recherche showed that in the special tax zone there, the super-rich, soccer players and even dictators maintained letterbox companies and thus saved hundreds of millions of euros in taxes.

In the middle of the business with the Madeira companies: the Honorary Consul of the Federal Republic of Germany, Ricardo Dumont dos Santos. Over the years, he has been managing director of almost 50 such companies, and one investment fund even used his honorary title to attract German clients. In 2014, the Federal Republic of Germany awarded him the Federal Cross of Merit for his services to German citizens. Three years later, in May 2017, shortly after the publication of the research by Bayerischer Rundfunk, dos Santos was removed as honorary consul. When asked, the Foreign Office did not give a reason. But there are some indications that his dismissal has to do with the offshore business.

I means they will only need to pay a £750 fine for failing to file the simplest of forms on time instead of the £1,500+ fine if they left it another week.

What? I thought PPP weren't publishing the Confirmation Statement until after the RTO had been announced, don't tell me Tiger's City friends gave him bad information?

The attempt to install a new CEO at GlobalVision is all about it trying to restore it’s membership of the Madeira Free Trade Zone, which it lost in July last year.

Some background on the “incoming” “to be confirmed” CEO Ricardo Dumont Dos Santos

https://interaktiv.br.de/honorarkonsuln/ via Google translate

Managing Director at 50 companies

How familiar some honorary consuls are with the business customs in the host country can be seen at the beginning of our research on the Portuguese Atlantic island of Madeira. In the capital Funchal, in a building with green shutters, Ricardo Dumont dos Santos had his official residence. An ice cream parlor downstairs, the honorary consul's rooms upstairs. Madeira is a popular European holiday island, but not only that: Last year, journalists from BR Data and BR Recherche showed that in the special tax zone there, the super-rich, soccer players and even dictators maintained letterbox companies and thus saved hundreds of millions of euros in taxes.

In the middle of the business with the Madeira companies: the Honorary Consul of the Federal Republic of Germany, Ricardo Dumont dos Santos. Over the years, he has been managing director of almost 50 such companies, and one investment fund even used his honorary title to attract German clients. In 2014, the Federal Republic of Germany awarded him the Federal Cross of Merit for his services to German citizens. Three years later, in May 2017, shortly after the publication of the research by Bayerischer Rundfunk, dos Santos was removed as honorary consul. When asked, the Foreign Office did not give a reason. But there are some indications that his dismissal has to do with the offshore business.

A more unusual event would of been if PPP actually managed to file something on time

Affrm: "There are rigs onsite"

No there isn't! Here, again, is what the recent update from GV: "the stand-by rigs will be utilised at some future date and will also be able to work on other projects."

There's also the matter of the delinquent P5 (source RRC website) which means that currently it's illegal to work on the wells.

Keeping on saying something doesn't make it true.

The point is that the difference between a Free Trade Zone and a Tax Haven is that you need to employ at least some local people in a Free Trade Zone otherwise the EU gets upset and starts demanding the tax-break gets repaid:

https://ec.europa.eu/commission/presscorner/detail/en/ip_20_2314

Gwilliams: “What assests are Gv bringing to the table?”

GV must have very few assets, they were just a trading company buying and then selling oil and diamonds. All the employees seem to just be consultants that work with other companies as well.

I suspect it got ejected from the Madeira Free Trade Zone as it had no real local presence, it’s address & phone number was of a business services company:

https://bbridges.com.pt

This notice appeared on April 10th on the Portuguese equivalent to Companies House.

Source: https://publicacoes.mj.pt/Pesquisa.aspx via Google translate

NOTICE pursuant to paragraph 1 of Article 167 CSC and paragraph 4 of Article 8 of RJPADLEC)

Notice in relation to the entity:

Registration/NIPC: 514 301 023

Company: GLOBALVISION INTERNATIONAL, UNIPESSOAL LDA (MADEIRA FREE TAX ZONE)

Legal Nature: Limited Liability Company

Headquarters: Rua da Alfândega, no. 78, 3rd floor, Sé

District: Madeira Municipality: 9000-059 FUNCHAL

Capital: 5,000.00 Euros

Entities to be notified:

The Company itself: to the head office at Rua da Alfândega, no. 78, 3rd floor, Sé, 9000-059 FUNCHAL;

To the sole partner and manager: ROBERT MARTIN MENZEL, with address at …

NOTICE OF THE FOLLOWING:

- The administrative procedure for the dissolution of the company: GLOBALVISION INTERNATIONAL, UNIPESSOAL LDA (MADEIRA FREE TRADE ZONE) registered with NIPC 514 301 023 has been initiated ex officio, based on the provisions of paragraph j) of article 5 of the Legal Framework for Administrative Procedures for the Dissolution and Liquidation of Commercial Entities, approved by Decree-Law no. 76-A/2006 of 29 March, due to the fact that the company has stated that, by order of the Regional Secretary for Finance of the Regional Government of Madeira, the license for the company to operate within the institutional scope of the Madeira Free Trade Zone has been declared extinct.

- You have 10 days from this notification to notify this service of the existence of assets and liabilities of the company, and must attach supporting documents;

- You also have 30 days from this notification to regularize the situation or to demonstrate that regularization has already been carried out;

- You are requested to submit documents that prove useful for the decision.

You are also advised that, if the elements of the process do not establish the existence of assets or liabilities to be liquidated or if the notified parties do not inform the competent registration service of the assets and liabilities of the commercial entity, the Registrar simultaneously declares the dissolution and the closure of the liquidation of the commercial entity; if the elements of the process reveal the existence of assets and liabilities to be liquidated, after dissolution, liquidation will follow without any further notification.

Affirm: “the rigs are onsite”

Where does it say the rigs are on-site? The last update from GV read: “the stand-by rigs will be utilised at some future date and will also be able to work on other projects”

It has also changed the July 23rd headline from:

GLOBALVISION BUYS NOBEL PETROLEUM USA

to:

GLOBALVISION SIGNS HEADS OF TERMS TO BUY NOBEL PETROLEUM USA

Affirm, you don’t post them here as they are totally unconvincing.

The way to prove me wrong is to post them here. You can share photos on this board by using free sites like https://digil.ink.

Affirm :”said today two rigs on site and get presto we get this news”

GV has confirmed it has one rig, on standby. It did not say two rigs on site.

“Stop listening to Delta. He doesn't know what's going on.”

I’m just reporting what is public info, I always post my sources.

When are we going to see your fabled satellite photos?

Here's a link to Nobel's P5 showing it's delinquent status:

https://tinyurl.com/ppprrcp5

Can you share links to the satellite images please.

The update from GlobalVision today states the rigs are still on standby.

A real status report from GlobalVision:

"Although the transaction with Pennpetro is currently on hold, the mobile rig contracted from JJ Drilling Internatioal is still on stand-by to complete the workover on CT Well No.1 as per the approved AFE. Progress has been made in ensuring that key leases are being restored to ensure earliest ongoing production."

https://globalvision.pt/2025/03/26/workover-rig-on-stand-by/

Affrm, pure fantasy. Where did you check? Your imagination?

The truth is the wells are still registered to Nobel Petroleum USA and Nobel has had a delinquent P5 with the RRC since July 1st 2024. Without a P5 there can’t legally be any work on the ground, see

https://www.rrc.texas.gov/oil-and-gas/requirements-and-responsibilities/summary-of-requirements/

The status of operators and wells update quickly in the RRC website, it’s just the production numbers that have a three month lag.

Have you ever taken the time to look on the RRC website? or are you too afraid of what you might find?

Timbo, your argument seems to be that Lunn's guilty until proven innocent.