Member Info for discopablo

<$43 !! Not ideal for the bank loan extension!

Which one Ophelia?

Mr E - 100% with you on that. I couldn't have put it better myself and is what I was trying to suggest in my 17.19. You don't start ripping into people unless you can offer a better solution. So far the silence is deafening. I would be amazed if we didn't have something like the document you suggest in your 22.54. I've been through this before and that's exactly what happened. All the best.

Agreed. Red til I die.

I've not heard anything good about NTOG yet. All I've seen is hyperbole on a grand scale from an unsurprisingly biased source which hasn't even got its facts straight, never mind the name of the person they're trying to oust. I'm still red.

It would be interesting to know how the other BoD members will be voting.

It will be interesting to see what the proposals are. I for one will be cancelling out very many potentially silly votes, rest assured.

I normally receive stuff in the post from Halifax. As oilm says, just call your broker. Simple as that.

Fair enough - I guess I'm reading between the lines.

Sorry oilm - that's what I meant. No not seen the resolutions which will be presented in due course presumably. Surely directorate changes is the same thing as changes in directorships?!

Just re-read the rns and it is just to request directorships. Clearly the NTOG chap wants a seat at the table which he can request a vote on as he will own more than 5% albeit indirectly through NTOG. Whilst I don't want to be naive there is no reason to suspect anything further at this stage.

Ah! Got it,thank you! So it's more payback time that you're looking at? I too would like to know that. I think in the interview podcast thing recently Rita said that they give back between 2.5 - 3 times investment, unless I've misunderstood (which is more than possible!) Yes, I see your point on reserves too actually. It stands to reason that the more we take out the ground the more our reserves should decrease. There was a time when Maggie was profitable - was it 2014? I can't remember now but that might have been due to the exceptional 1m income that year. Can't remember!!

Carlisle, I respect your posts and experience in the field. However, surely that logic has to be based more on the main indeces rather than AIM. It seems ludicrous to me that all we'd be offered is 0.13 when the current mcap is 2m and the value of our PDP is 4.3m albeit different currency I think. The 4.3m will soon become significantly higher probably given the number of new participations also. I hope I'm right ha!

Oilm - pretty sure b/even is $40. Saw that in a recent RNS - Maybe Marathon 6 well venture. So from that margin can be established surely? Or have I missed the point!!

So how does that work in practice? You're saying that max we get is 0.13p per share? Surely PIs aren't going to vote in favour of that and surely Rita wouldn't? Cheers

Hi Carlisle What would you think the price would be when you say cheap? Cheers

Very upbeat now!!! Thanks for bringing that to our attention.

Hey ho! At least the blue pen has benefited from a new ink cartridge.

If there is more to the private transaction than meets the eye it'd be terribly nice for the remaining 90% of us to have a bit of clarity on the subject. However, former directors and a 10% shareholder cannot wield that much influence on current Bod in my opinion and a broker knows better than to try to give the Bod lessons in cost reduction exercises surely to god.

And this from Q1 update on 10 april 2017: Board continues to be remunerated in shares of the Company in lieu of cash as part of ongoing strategy to minimise corporate and operating expenses Further cost reductions - 45% year on year reduction in Q1 operating costs building on 31% reduction in corporate overheads and operating costs at the time of the half year results as at 30 June 2016