Member Info for Doc83

Stas - I sincerely hope you are right. At the moment, the market is saying you are not.

We know there is skullduggery at play here. And it is likely to be to the detriment of PI’s.

Stas - agree.

But was Trujack right last night when he said we effectively owe $70m? If so, any bidder has to cover that for starters. It seems unlikely but hey, I’m in the red so would be over the moon for someone to come in and bid for the company IF it meant us PI’s also got something out of it.

Stas - the JV talks have collapsed, the CEO who’d barely got the seat warm is gone and out SP and market cap is next to nothing - I don’t think we can take aim at the trolls (not sure if you’re suggesting I am when you ask if I’m worried?).

We are teetering in the brink. This needs a big slice of luck to get us out of here with anything meaningful.

Chitta - so the CEO ended the JV talks, then walked away?

“At least it sounds like there is a future for Cool.”

Where does it sound like that??? A simple resignation RNS from the CEO gets you to that conclusion?

Come on guys, it’s +20% of not a lot. We need 200% just to get back to a few days ago.

I’m still sceptical we’ll be trading in a few weeks time and you usually do get the dead cat bounce. But fingers crossed as always. At the very least, I’m expecting more massive dilution.

Llewelyn - you were bellyaching that your RNS still had Cowan as CEO! So perhaps just sign off and enjoy Christmas 😉

“…that will send this share into orbit...”

Well, here’s hoping. I suppose everyone has their own definition of what “orbit” is. I personally think in the short term (1-2yrs) because of the delays it is 6-10p. But would be delighted to be wrong.

Have a great Christmas all. And fingers crossed for 50p “rerate” in 2024.

Thanks, DocD. Very generous.

Unexpected things often happen with shares. And when AIM share prices move, they really move (in both directions). My bet is that by this time next year SNG will either cease to exist in its current form or be back to 40-50p. I don’t see another year of us hovering around 6-7p.

A quick mention on this board in general - I frequent a few on LSE and can say that despite what has happened this last couple of years, it’s still a decent place to visit. There really are some shocking boards and members but on the whole the SNG board is pretty good and we deserve this to come good.

Have a great Christmas and New Year all.

“Third possible scenario of course is that everything is on fire and Cowan just can’t handle the heat anymore and has fallen on his sword due to the mess he’s made.”

^^^ this.

I think this is the most plausible explanation. They guy is minted so why would he want the hassle of sorting the mess out. But it does take the pi.55 that the overpaid CEOs coin it in and then when they’re actually needed to do some hard work, they resign!

I am very sceptical that this will be resolved, but if it is I expect us PI’s to be heavily diluted.

Have a good Christmas all and let’s hope we have better news soon after it.

Thornogson, as long as he waits until that signature falls on the paper!

Don't want it to rise too much pre Heron. Joking aside, if this did spike to 6p quickly, MB won't be able to resist a cash raise!

Agree. Synairgen have one last shot at this and have to get it right. Even if that means it drags and RM & co have to give up or defer some of their (IMO) exorbitant salaries.

Gobsmacked there was no RNS today to inform about the disappearance of Cowan and for production. But more the fact the CEO has jumped.

I expect one tomorrow and further fall in SP. But the SP is so pitiful now anyway, more of the question is will COPL still be going by the time January 2nd arrives. I think not. But hope for all our sakes it is.

I think it’s a first, but I just mostly agreed with a Professional post.

I'm as sure as sure can be that this is a dead duck. Yet it's such a pitiful monetary amount left at this SP that there's no point me selling.

Best guess - the lenders were told/made aware of these production figures, effectively meaning we're not self sustaining, and have pulled the plug.

For those that say we have an asset worth billions...we just have oil in the ground that needs lots of money to extract. We don't have money, therefore COPL will lose the "asset".

Wow, so production down and in fact the worst month of the year.

Couldn't make it up.

"do shareholders stand a chance of clawing any money back after SL, bondholders and owed money to directors?(spit)"

I'm confident there is zero chance shareholders get anything.

LOL, Wigster and The-Lockie!

Very funny comments, although nothing should surprise us anymore!