Paul certainly not mincing his words about London Market….10 Apr 2024 07:13
The Company is a prudent and experienced operator, as we have shown in 2023 and will continue to deliver in 2024. We manage costs carefully, even during times when inflationary pressures and "shrinkflation" have become a normal modus operandi for some suppliers and services.
Like many listed companies of our size we are extremely disappointed with the over-regulated London public markets and their poor appreciation of the value of businesses and opportunities that several companies have created and further developed. Many of our shareholders, including the executive directors, seek to re-set the valuation of our assets through means other than the intra-day share price. This will be the top priority for 2024 and will focus on entities that understand the true value of natural resources in oil and gas commodity sector, as has been proven cyclically time and time again and which continues to support the global economy and is the catalyst for promoting viable economic growth.
We thank our shareholders for their continued support along our journey towards achieving our ultimate goal. It is not an easy path when wedded to a public market that is contracting in relation to its global peers through an inability to reform and refresh in a timely manner to become more attractive and competitive. You might surmise that it would be "in the public interest" so to do, but there again perhaps it's not. 2024 should be an interesting year."