Member Info for dunderhead

Lol rxdav few sweaty betties now who put their money on this bunch of monkey bod. I'm still holding about half a mill of these but happily crystallised some nice cgt losses already "won" back with "better quality" and run oil companies. Good luck all.

Guys I'm very busy elsewhere at mmt but is it my imagination or the list hasn't been posted lately?. Can I start a petition to get it reinstated please and if anyone supports that just add a plus 1?!

Thats my concern as well 50 cc.

Guys to be clear you don't have any real choice on this now imho? Be very clear though talk of share prices potentially halfing from original small shareholder estimates are way way too optimistic imho. Either way best of luck all and I didnt get opportunity to take part on placing because I've been so busy lately and think I've missed it now lol. To be honest though I have a feeling there will be opportunities to average down again in the ensuing times ahead. Without a doubt a complete muck up and I certainly do not expect Fionas assertions no further dilution ahead!! I personally do not trust mgt here at all and will sell out if decent opportunity arises. All imho and dyor.

Hi all thanks very much for excellent summaries on here especially rxd who has worked tirelessly recently. I have not listened to call and don't know if available on inter Web but worth remembering regardless of how each of us may have acted or behaved recently on call and on b board it takes all sorts in this world to make it a success. I am a little concerned that people are not fully aware of the pitfalls ahead and it will be potentially a very bumpy ride. I can only assume FMs reported comments about no need for further dilution equity being raised, were very very heavily caveated and the words "hopefully" were included a lot! With regard to reputations being on the line (referencing "investment" in the company) was this a bit ironic, as not so sure the respective reputations are so secure or strong in the first place lol!! As ever all imho, best of luck and dyor folks!!

Hi all, certainly will not be abke to listen in today but best of luck all. Excuse my ignorance but will this tel conference be ousted on website later ad I'd very much like to.listen then and disect!! Be very aware the BOD may try and butter us up by talking about what a preposterous proposal RRE was and the assets are worth this and that and everything's going to be good in the end and that we have nothing to worry about. We all go away feeling good and everything gets passed later. Well do not forget this is our last chance of truly determining this because if not we will have opened the Pandoras box of confetti shares and this will continue ever MORE. The market values the share at 11p or thereabouts. THAT IS THE VALUE OF ASSETS AT THE MOMENT SIMPLE. THIS IS BASED ON MGT UNDER PFMCE TO DATE AND MARKET PERCEPTION OF THE ASSETS AND ABILITY TO DELIVER VALUE. IF THEY WANT OUR VOTES SUPPORTING THEM WE NEED DETAIL NOT PLATITUDES NOW. THEY ARE FIGHTING FOR THEIR JOBS - WE ARE FIGHTING FOR A HIGHER SHARE PRICE. Best of luck all, dyor and as ever all imho!!

Reading through the lines? …."It has been such a privilege to fleece the shareholders and place so many confetti shares at such a discount to market when there was a legitimate offer on the table which we completely ignored because some of our mates need to keep their overpaid jobs even though they were the direct cause of this demise."... All imho of course and dyor folks!!

Good news about granddaughter hopefully coming soon rxd? I think you'd gave heard bad news by now if surgery completed. Here's hoping anyway? 're Nomad question 11. I would respectfully point out if the Nomad were I'm happy with anything they would immediately resign, even Finn crap. All imho and dyor of course.

Morning all. Blimey rxd very best of luck for yiyr grand daughter matey way way more important than this crap. May I suggest a couple of things though? 1 We should try and tone down the "hyperbole" as whilst I realise there is a lot of anger on here it is better to channel all that energy positively than in a more negative way? 2 Some of the messages have been written somewhat colloquially which imho does not matter at this stage as I can determine easily what they are asking however post agm there may well be a gap to be filled by a "one message" SHAG? 3 Lastly as I pointed out before, when stating i felt the rre offer was fair and we should respect this and look at it seriously we have imho a couple of examples of "dubious management responses" of companies in "trouble or under performing". Take a look at PCI or OPHR as lessons learnt for mgt imho "in above their heads" or more importantly not having "much skin in the game" making perhaps sub optimal decisions for share holders that didn't promote their best interests. Is the current situation at IOG similar? 4. LASTLY AND IMHO we simply we need to understand the economic rationale behind what prompted this heavily diluted issue. If they cannot provide that with certainty then WE NEED TO VOTE THIS DOWN NOW WHJCH COUKD PROMPT RRE BACK WITH A SLIGHTLY MORE GENEROUS OFFER AND MAYBE OTHERS AS WELL?! All above imho, dyor and very best of luck all and let's remember we all essentially want the same thing, which is the Best share price for us owners of the company so whilst a little disjointed at the moment, we can all still vote against this dilution then 're group later as one unified BIG NOISE!!

Rxd that's fine and thank you for your efforts. What I wanted to.do was elicit a response in such a manner as to see if they are bs'ing us with regard to JV partners. I just find it "suspicious" that suddenly we've got a queue of them after 9 months of "other" "imminince". I personally no longer trust them on a personal or professional level after this (further) debacle. Hence really my question was the first sentence and the other wordings were trying to second guess their response and probe further? Right off now and probably unlikely to respond very often so all above imho, dyor and best of luck folks!

Morning all. Here's hoping we finally break that 1p share "barrier" today. I'm sure JB has will be successful in achieving that that "accolade" soon. Best of luck all!

Actually oif wtgr I must admit when I glanced at Hughs package (oooohhhh mummy!) I thought it was very fair and it wasn't that much higher than a country or regional G&G leader? I don't know if it's gone up (insidiously) much since then of course? I know it's in the yearly financials and will get slated for it but don't have time to looknow so if anyone could kindly post up the total package that would make interesting reading but as I say a few years ago it seemed very "fair".

Hi sorry for late reply. 1. Are they able to share with is at this juncture theur current estimate of IOG net NPV of the projects based upon "where they are" with in the potential JV farm out stage? If it why not? They will counter they are not able to divest such information due to deal confidentiality with competing bidders at this stage. We than ask how many bidders, what stage are they at and when these answered ask how they were abke to determine the decision to RRE so quickly if with a things were not "certain enough to comment upon" or "they were not confident enough at that stage to divulge NET NPV because as with all things, the potential dealsxwith JV partners could still fail"?. Best of luck all!

Yes it always is with Aex. No news means good news definitely.

I'll 're draft my question better so it is clearer later today.

Yes ****over, I know you it is quite obvious you only have junior analyst written all over u but I did explain it was to compare the NPV per share post dilution versus b4 dilution out of interest. You need to know an assumed NPV per diluted share to discount to a potential share price to compare to the rre offer. I thought thus was obvious?

I meant that oil at $20 or $80 today would not impact if you are at project sanction stage for an exploration well next year unless such moves were very sudden and non foreseen AND expected to significantly impact the project. None of which can be said for the gradual strengthening of crude this year. It is interesting, one of my biggest stocks sqz, is essentially a gas stock at moment and a chap gets hammered over on adv for continually discussing short term gas discounting in UK. I am sitting on fence on this because as alluded to earlier on here IMHO gas prices are likely to weaken in short to medium term because of NS2 and incredibly buoyant LNG market with USA wanting a stake in Europe both economically and politically (impacting NS2). So this chap keeps on talking about short term price fluctuations which p***es off a lot of people but I think he us also alluding to medium term weakness. The long and short if it is, that I will be keeping an eye on medium term gas prices as this could potentially damage my wealth quite a bit and did in fact get into the habit of reviewin almost daily fluctuations when I know sqz will have it covered through hedging option arrangements anyway. Best of luck all and off to watch live band now so don't take non reply as rudeness.

Who said it was due to share dilution? What I was saying was let's understand the new net Npv based upon currently worked on farm in agreements. We can then see how this affects the net project NPV and see how the diluted shares compare to this value. Apply a discount and thats the expected share price post JV. Then compare to the rre offer. Then we can ask does this comparison reflect the risk then, on with (probably) a new operator and the fact that they may not complete the deal in first place and then further much.mixh higher dilution. I hope to god this has been done and they have to hand the comparisons rather than just sent rre packing without any discussion whatsoever based upon the fact they knew they had a short term solution and could kick the can down the alley which is what they have been doing for 9 months talking about imminent project approval and funding.

Anthony to be really clear and having spent 25 years plus working in the upstream industry including project appraisal you would be laughed out of the office if you mentioned the current oil and gas price in the context of a minimum 5 year project delivery. The reason why Capex spend dropped in recent historic price reduction was the more marginal (and a 200mm bbl recoverable project can still be marginal) and certain mega oil / gas projects got deferred. Exploration did drop obviously but it wasn't based on such short term assessment. The asssment was that things were a bit of a mess and there was an initial lag before budgets were pulled! I suppose if oil dropped to 35 - 40 bb is again any short term frontier exploration wells may get pulled relatively quickly but the fact that short term price is a little high certainly not have oil companies sharpening their pencils all of a sudden!! Best of luck all.

You really are a f'ing idiot work over. Of course the NPV is going to change with the farm down equity. I was of course talking iog interpretation of their SHARE NPV of project. Perhaps inshoukd gave been clearer admittedly. It WAS 100 % and I don't expect them to share the equity they are expecting to farm down buy they will have worked their respective share then we can compare how this has affected NPV per share. Ie I expect there to be back costs perhaps a well carry which means it would be difficult to determine farm in equity by apportionment. Also the total NPV of the project is certainly likely to be different due to time value of money and of project deferral from original assumptions. All imho of course.