Member Info for dunderhead

PRD much better assets and mgt team imho.
I remember certain "best researched ever" investors taking the p888 out of their respective Irish assets when they floated but in reality only time will tell.
Inishkea kept me here but I always did caveat that stating there are a lot of other "similar" assets being marketed.
Most of them have fallen by the wayside over the years but probably because they were not the "flagship" assets of said companies.
So I dont take too much comfort from the fact we have not yet put these in the bin.
Let's hope wressle provides some short term comfort which may lead to some real upside in Ireland or Morocco.

By the way it looks like Brammers has "done it again" over on ujo!!

Best of luck all.

Absolutely Crusty.
I don't know what I'll do. I may re jig portfolio around a bit but to be honest this (without wishing to sound a complete ****) is relatively immaterial for me so I think better to let the dust settle b4 I think about it and again I've wasted so much here on opportunity cost, seriously what's another year, lol!!

I'd be really interested to see UWE's investment letter update to his pals of course.

Actually to tell you the truth and after reflecting a little, in reality this RNS isn't that surprising. The work programmes costs are about right for big 3d, plus post processing plus othe drill preparations.
I am of course disappointed and cant see too much share upside for sometime but wtfcwd?

I just thank my good luck I dont need the money and this is just a gamble for me. The odds are far better today than they were a few months ago but as ever a lot longer than expected.
Best of luck all!

Oh - just re-read my post and can see some (possible) confusion regarding my referring PHAR's Egypt acquisition - just to be clear it was amazingly crap imho!! The only words I could find for it at the time were "weird" as the MGT team in situ are obviously very intelligent and obviously had more information to hand to make it "appear" more appealing. As time has been shown - it appears that has NOT been the case, lol.
All imho of course.

I and Crusty will let it go when (to be quite frank) people appear complete idiots (when they "probably" are not as stupid as that inference) by lauding up BH et al and also appear to be saying Jay B and MT put their hands in their own pockets for their shares. They bought a few with hard cash but...
When ridiculous acquisitions turn up and u think WTF is that about - you always err on the premise that there must be further information or logic you are not aware of that made the deal better than it obviously looks. (PHAR's last Egypt acquisition an example). The irony here is that nearly every bit of BD progressed by BH has been a complete and utter joke (that looked it at the time) but was often so bad observers assumed it must better than it appeared and there MUST have been some logic to it - but that never appeared to be the case as was proven with time. Canyon is an exact case in point and I still struggle to understand the business rationale behind that scheme - if the real reason for the "acquisition" was to tie JB and MT to the company BH should just have offered them a contract of employment - as that was (absolutely) all that was needed?!
By the way I was the first on here to mention compartmentalization of the gas and even then had held back for a considerable amount of time because I thought this had been looked at and analysed and determined not to be the case, as it was so bloody obvious and should have been one of the first assumptions to be disproven and I was equally amazed that certain people on here had not brought this up at the time as well?
All above imho and dyor!

Now to follow another posters comments - I am absolutely happy to put all this history to the bin because it isn't relevant at all now AEX does have a medium quartile mgt team in place (probably) and the future does look good - so I'll shut up about history if other munters shut up about previous mgt and how brilliant they were! Deal?

"Good times ahead". Yes, it's just a shame that because of the previous Mgts ridiculous strategies and mistakes it's pretty unlikely long term EOG holders will be able to "enjoy" them that much.
Where are all the keyboard warriors who used to be incredibly rude, for respectfully pointing such possibilities out at the time? Serious question, as how many people can honestly say they were not influenced by some of the crap that was posted on here and didn't pay attention to well meaning posters trying to highlight the relative risks involved and caution against some of the ridiculous share price forecast/ potential EV valuations?
We can all learn from our mistakes, as with Aex, all Eog has done for me over the years is reduce my CGT liability in other successful investments.
My mistake was not paying enough attention to the "gamble" area of my "portfolio" as it was the "gamble" area!! In hindsight there were far far better similar risk "gambles" over the years that I could have been looking at, had I dedicated more time to this, rather than just the odd cursory glance, simply because it was the "gamble" area of my portfolio.
As ever all imho and dyor.
Hopefully some (material) value will be realised in Ireland / Morrocco at some point in the future but I ain't all that hopeful to be honest.

The level of naivety on here is only really matched by the ridiculous acquisitions and management of BH over the years.
As I keep on saying, AEX for me is a big mistake, mostly from an opportunity cost perspective and has only been useful (to me) as an offset for capital gains in far better quality investments elsewhere and was an appropriately sized investment as part of my "portfolio", assessed fur relative risks.
I think most people will think the same, if they were being really honest with themselves however, as with the previous delusions of mgt at Aex, there appears to be a significant minority who continue to"convince" themselves that Aex has been a good well managed investment.
The difference bring of course the previous "mgt" have been overly rewarded for their respective inexperience and stupidity.
To keep on and on yapping about, "what if Jay hadn't been here, what a mess we would have been in etc etc" is so crass. What if these assets had been properly managed years before that, in the first place? We would never have been in the self created mess that the zubs "rescued" us from, lol!!
As ever all imho and dyor of course.

Tanzania getting the complete wrong end of the stick again. Mate seriously PM people these questions as it just indicates how little you "know" buddy.
CP I didn't realise you were a big holder in WEN??!!

Guys seriously what do u expect them to do?
I am sure they were busy sifting through all the Irish rubbish firstly. (Possibly at the same time regretting "giving" away some of the uk assets for no particular reason?)
They have prepared a farm out room for Inishkea (not forgetting the exceptionally high pos / cos!) and have been doing the same for Morocco.
This should keep them pretty occupied halfway into next year then we will find out if this company has any future?
Admittedly some of them were here when this company was effectively being totally run into the ground but, with the limited assets and finances available what do you really seriously think they could be doing?
Seriously best of luck all and as ever all imho and dyor.

Good post Crusty.
That is why I hold this pile of pooh.
It has an almost cult like following that hopefully will exaggerate the true EV when we finally "do drilling"!
Jesus what an opportunity cost I have suffered sitting here.
I dint suppose UWE / Tanzania understand that concept and all power to BH, the greatest ever o&g entrepreneur!!

Best of luck all.

RJ do you know if UWE or Tanzania hold any other stocks?
I believe they have filtered me (but not really).

Did I see Rubey post on here and some imply it was the great "investor" (and 6ft 5 in streetfighter) Rudey?
Just made me chuckle a little as I haven't seen other "greatest ever researchers" or their alter ego avatars posting lately?
Come on guys give us a laugh please, we need cheering up?
I particularly like the posts about how a few "angry" investors stop other potential ones buyingvshares in EOG by writing fair criticism on (hardly read) free bbs and it having nothing at all to do with the woeful mismanagement of the company during the (halcyon) "Hughy" era.
All imho of course and dyor folks.
More jam please.

Quite right buckler.

"Our" inishkea?
How much do you think we will have to give away to get it drilled?
They're hardly queueing up?

As much as an idiot Biden is I'd much prefer to be negotiating with him rather than Trump and perversely I'd say more of a chance of a uk us deal now than before?

Really it was Hugh and previous FD who should take most of the "blame"? I think it would have been extremely difficult of "Si" to come in and straight away tell "the Hugh" his strategy was completely flawed and he was a w*nker!!
I'd imagine it must have been difficult enough to keep a straight face and not to openly take the p*ss when sitting in "strategy" meetings etc. But Gord love 'im, he managed to and now he's in charge, perhaps a good time to put his hand in his pocket, admittedly, like Hugh did quite a bit.
All imho and dyor of course. Best of luck all.

Well there's been a lot on that website that's been wrong in not correctly represented for a bloody long time. Why on earth start with percentages held by institutions?! Imho.

Sorry to hear that Robbie.
Let's hope AEX brings home the bacon as soon as possible.
Best of luck all

Agree killer but still not good to have to go through. Here's hoping Aex throws you some good luck.

Killer you mean you may lose your job through all this crap? Really sorry to hear that buddy. So much suffering from this crappy little virus.