Member Info for eegbvi

Valeula has a market cap of C$43mln and no debt so why would it bother with TRP ??

Mikeygit you have misread it I think. What you need to do is ensure those options are also diluted by 250 times and also the price is adjusted in need. Think you were talking about DES which did get to 173p and stayed at about 120p for a couple of months after the oil/water fiasco. That was all due to that clown Phipps. Wouldn't have happened if Phipps senior hadn't died. On a small matter I'm maybe starting to take a serious interest in one of your betes noirs and if we can get rid of a few existing BoD egos it will move in late April with hopefully some happier share holders. If this TRP consolidation goes through its very sensible but watch those options !! Good luck

Exactly what I pointed out on here a few days ago. These are in the existing share price not the likely new SP. All shareholders should make sure they get adjusted either by dividing the number of options by 250 or multiplying the price by 250. Then its fair but if the numbers stay the same that is unacceptable. There should be a suitable clause covering this in any deal shareholders vote on. I suspect there will be as otherwise the Stock Exchange will make enquiries.

AE M I don't follow your view that a share consolidation is theft. In what way. ?? Each new share should be initially quoted @ 18.75p albeit the SP can drop, but equally well it could rise. That assumes today's mid price but the company will naturally take the best price X days pre issue date so the numbers may change. If you are going to accuse people of theft may I suggest you get some facts to back that upm

I don't hold any TRP shares but notice the consolidation only mentions 250 shares for each new one. That is sensible, but there is no mention of warrants or options. Just make sure when voting that the same formula is applied there as otherwise you may find in future heavily discounted ones are issued if not already.

Do you think I should get involved here ??

To all who sailed together in the FOGL ship. All passengers/sailors need to board the RKH ship that sails on 18th Jan.

Do wish you'd put that damned gun away. !! FOGL is one of the SE top performers today due no doubt to people buying into RKH that way for Monday next.

To be precise if you have 10k FOGL next Monday they will be worth 2993 RKH. If you hold an actual share certificate you will need to return that to the FOGL Share Registrar (address on FOGL website) and they will within a few days send you the new RKH share cert. If the shares are in a Nominee Account or ISA etc it should be automatic and you need take no further action. As an aside, this deal was clearly cooked up months ago as otherwise on the back of Isobel FOGL could perhaps have got 0.35 or so and of course had SFB been a success it probably wouldn't have happened. But that's life as the FOGL BoD screwed it up by not putting a maximum cost on the SFB drill originally. Hindsight is always wonderful !!

I would hold as RKH was 80p in June. Plus I suspect that when the Feb oil contract price shorters are done on 21 Jan we will see the beginnings of an oil spike. Your choice though but just be careful which bridge you choose as a motorway one may be messy.

Documents received no problem. Court approval was 2pm today and vote at 3pm. Assume it was approved as looking at both SPs over last 10 days looks like FOGL had enough yes proxies. RNS next. ??

A lot of people have migrated to the RKH bb.

Still climbing now up $1.59 @$37.71 on the back of the whopping US drop in EIA numbers down over $5mln bbls reported recently.

Looks like maybe RKH's friends have gathered up enough FOGL shares to have a YES vote hence the sudden tightening of the two SPs to more reflect the 10% difference.

Yes I take that to mean 14 Jan as per RNS

PMO RNS today suggests results early Jan

With all due respect I really don't think you have a clue what the Saudis want or don't. So either pop over to Riyadh (as I do) and find out or else keep quiet about it instead of making yourself look very foolish.

Just a note re H & P Easter is early this year at the end of March. Plenty of time for more earthquakes though in their view and they will have the IOF 2015 financials to pick over just to prove IOF is or more likely isn't bust. As those numbers probably won't be around until May H & P will keep it going until then though even if they do make themselves look foolish quite often.

Do you need any pills for the swollen head ??

Well at least the US Fed interest rate farce is out of the way at its widely telegraphed 0.25%. Now we need the OP to bottom out and I suspect we're almost there re that as its unlikely the Saudis/OPEC will let Brent go much below $35/36 for long as their lowest acceptable blend price is $30 or so.