Member Info for dunderhead

Hey Drewky no A le B is a geoscientist imho. Maybe he will be ok working up the future prospects geophydical modelling (or overseeing the 3rd parties doing this?) but he didn't seem to have spotted the (is it I don't know?) potential compartmentalision issues at kn1? My experience of this is that it is bloody obvious but the g&g'ers / reservoir profiles experts dont want to admit it until the bloody compartment has been completely drawn down and they have no other alternative because of the consequences of such issues occurring Lol!! When I said driller I meant drilling manager / project mgr who has migrated from drilling management background. He would replace JB. We all know this aint going to happen anyway so is purely hypothetical!! I'd feel a little uncomfortable with the zubs 'placees' remaining as I already thought they were seconded from zubs (and would return back now) and not supposedly independent employees in their own right? Anyways we aint going to change the world so I just want to ask about that possibility (expecting to get laughed out of building but hopefully cause some embarrassment in the process) and 100% get some assurances about reducing the costs of this bod!! Once again all imho and dyor folks!!

CP again exactamundo! See my post at 14.12 Lol!! I'm just going to leave you to it buddy!! See yahs later!!

Drewky you need a good driller in situ to QA/QC well plans and ongoing ops when drilling. This could be too make sure inefficiencies are marked up and any diversion from Critical Path are conceptualized and properly managed at time of ops., or again you are exposed to possible operator mis haps. Aex are obviously weak at drilling and this needed be redressed. I think current bod totally misaligned with requirements moving forward bwtfdik!! All imho and orf out again.

Actually to be very clear I'd rate NR way above JB as an SME and its SME's we need now to keep the operator under tabs. NR probably isn't the right person to run company in a similar way to JB. However that is not to say I would have either of them in these roles. I'd like a really good driller / proven small project manager (up to 2 tcf) in place. Someone who is technically competent enough to question the 3rd party consultant / contractor works that would inevitably have to be relied upon with the remaining 'operated asset' required work ups prior to marketing. It's all very well getting third parties in to do this work but you need someone savvy enough to critique the work and question their actual costs and proposed project concepts plus costs as well? Once again all imho and dyor!!

Ha lol CP +1. We were writing much the same thing I think at exactly the same time Lol!

Hiya the farm out deal was pretty tight!! I have no idea how they worked the economic but a lot of the difference in my valuation and theirs was probably due to disparity in expectation of back costs. I've seen back costs as an effective pre payment for cost recovery oil (with smaller company farm ins) and with the larger ones normally the back costs are not bothered to be recovered later from the farm out company. My concern is simply they are not effective operators as has been 'proven' now I think and realistically no one will be interested to farm in except potentially zubs. If zubs aren't paying much for back costs why bother at all?! I totally totally support 're vamp of the bod, payment in shares and deferred payment rises, would prefer salary cuts as I think they are overpaid anyway Lol! All imho and dyor all.

IHBS come on buddy wtgr they could not do that the administration costs alone would outweigh the money received. At the end if day if you look at 6 12 month average of Trim which you obviously have to look at rather than the last 20 trades etc (!) then the discount realky isn't as large as we all perceive? Right orf out now so don't take non reply as rudeness!!

Ha lol then you are older than me. Good on you as you seem a pretty fit fella! I'll get it back eventually I hope. Sorry about your pooh with brokers I take it you have nothing in writing from them regarding the guarantee of £10k. I'll tell you one thing though, my broker records EVERY single call made and very occasionally there have been misunderstandings. I just called them up they listened back to the calls and redressed immediately in line with the call even if it meant they had to take a (very) small loss? Why not give that a try?

Hi mate I'll bet we're the same age actually!! Me, I manage to train 1.5 times a week which is difficult to reconcile too. Ie used to be up to 6 high intensity hence simply body worn out and broken back about 8 years ago so lost strength and feeling on left lower arm! Hence when I go to gym and see these kids that think they're strong it becomes de motivating as well because I used to be literally 50% stronger and fitter but, as above, over training and broken back takes its toll!! C'est la vie and apologies for ot folks!!

GO but who made the mistake? The company or the brokers. If it were the brokers then why 'punish' the comp any by selling your shares. As I just posted over on adv. If you can get better return elsewhere sell. If you can't why spite your faces by cutting your nose? All imho and respectfully posted.

Crl I agree mate and I am treading on eggshells here as I am one of the people who 'may' have done well with this. However I got fingers burnt over on aex this week which has been a slow car crash for a long long time (certainly not comparing the mgt because they are world a apart of course!). So on the one hand I'm here saying the company is in a better place and will move on but over on aex I am a little bitter at what the (continual) mis mgt has produced for us long term holders, so I do understand your 'pain' buddy. There is another definition of 'pain' as well, in that I can remember when I was 13.5 stone 'solid muscle'. Unfortunately when I look in the mirror now I'm 14.5 stone certainly NOT solid muscle Lol!!

+1 CP. Imho this is still quite over valued and I'm out at the next spike up. Lesson hopefully learned here for me but also knowing me I'll continue to make the same mistakes Lol! May have to wait a few months for drilling which may be worth the wait? All imho and wtfdik!!

The big fella over on adv made his broker do a separate application for him so he got his £10k shares and his allocation. I think that requirement may have been in the bumph from broker or from trinity in the placement information provided. I just didnt bother making any applications because thus had happened to me b4 and I waited a little time to get cash back which meant I couldn't buy in dipped price in mkt. Good lesson learnt here though if I did want minimum allocation in the future. To be honest the share price us still pretty lie so dome people may be abke to still buy back cheaper than had they sold to release funds for placement shares.

I think the deal is ok, could have been better but we know the history. Within that history I'm thinking we should at least proffer a question to the GM regarding de-manning / changing the mgt team within the company? We will need 10% votes to do that. Is it worth bothering? Regarding JB salary. I don't care that he is bottom quartile salary pack for listed company. Wtgr to him he has proven to be worthy of that status and I really don't think he would be much higher graded than country / regional level subject matter specialist in larger oil companies which would out him on max pack of say £200k? I still personally perceive him as an sms as opposed to leader of listed board and either accept package around that amount as contractor or leave? 're BH doing the honourable thing. How old is he anyway? Surely if he was honourable he'd have done this years ago. I look forward to reading the legacy rns for all his aex related value adding achievements!! As ever all imho / dyor and will probably get shot down for this as well Lol!!

He he lol. I'm an out and out gambler lost lots and made lots but don't often find people with sane mindset as me. This mgt are brilliant so am a little surprised at the ambiguity of the IP runs message in last rns however have bought a lot as am confident all will come good!!

Oh f**** you weren't even talking to me Lol!!

Me? I had a very nominal amount bought at around 20p just to make me keep up with watch list stocks. Held in nominee and don't like to take part in such placings be ause you be at get what you want and I like to have cash on hand to buy on spikes down. Ironically timing wise I was about to buy some more around 20 to 21p so am very happy at the way things panned out for me but obviously realise thus has out a lot of noses out of joint so have to be respectful of that!

Confounded I agree I chose trin ahead of txp but they do have some possible upside. I decided I wasn't as convinced as I am with regard to Trin mgt but initially was a little left sided with this placing. In hindsight it seems a good thing and at this point in time I prefer Trin!!

Blimey 600T how many have you got if not too personal a question and at a significantly lower price than now I assume? Best of luck all.

Orf out now so don't take non reply as rudeness.