Member Info for fairdealer20

The half year report to 30th March issued on 16th May gave very good results and made clear borrowings were to be reduced by 2022. Capital Expenditure to reduce by £33m , compared with 2018, in the current year.

It would appear the events stated are implementing the reduction reported in May

Crowbar not suggesting you are ramping or de-ramping. This type of information may not accurately reflect what has happened.
It would seem strange when Contracts are in place for a Client to call a halt without some good reason, after all there will be Contractual obligations.

Until the information is confirmed, treat with some suspicion. IMO.

Crowbar seems to be your first post here. The news will have better credibility if sites and destinations are identified, otherwise idle gossip.

The div is due to be payed next Tuesday (2nd)

Crowbar, suggest you check your source as if correct, that information maybe insider knowledge!

Are you sure? Rathlin have a NO Fracking Condition. The action group believe the Condition will be challenged.

Seems the Joker is back still with memory problems.

Oiler what is your view of Fracking at West Newton?

It seems the site is down.

Further too what Dick has stated, the BOD are also renewing the ability to raise funds up to an issues of shares equivalent to 1/3 of the existing shares in circulation. This Resolution (5) is a renewal which will expire at the 2020 AGM and requires 50% approval.

.......and £15m in bank tomorrow.

noix click on Shareholder Documents, you will see AGM Agenda and Proxy Voting Form.

How right your are ajax, AIM is not for the faint hearted. Made my point on this one a while ago.. the SP recovery is far from clear. Do wonder if the BOD have a plan without hope involved.
Holders should make sure they have read the propositions being voted on this week, which may give a clue.

Wo, read my words, carefully.
Do you seriously believe, Ltd, the Corporates are going to buy at 1.75p and sell at 1.70p? Really. No wonder Woodford is in trouble.

Abatt our posts crossed. For the Placing to complete the Company must get shareholder approval at a GM. As a Shareholder you are entitled to register a Vote( the number of shares owned count as a % ). You can either send your vote by post, nominate the Chairman to cast your vote, or attend the Meeting in person to Vote.
If you nominate the Chairman ( Proxy) he will go with the BOD's recommendation, i.e. accept the proposal.

Anyone who has Shares in a Trustee account with their Broker needs to obtain details of the Ballot paper, usually held in Corporate Notices on the Online account.

Oiler, not sure if anyone attended the AGM just over a fortnight ago and asked about a Fund Raise?
If the question was asked as it should have been, it would be interesting to know the answer. I was unable to attend, conflicting appointments.

It is disappointing Ordinary Holders have not been allowed to bid. I phoned both Stifes and II and told only Corporate Holders could apply for the Placing. This is strange as II are regarded as a significant Holder with Client's Trustee Account.

It will be interesting to see the Corporate Funds who obtain shares in this Placing

With respect Ltd you are facing 2 different ways. In one sentence you say " best to wait until a Company is funded" and later say "now seems a very good time to buy in here".. Do opposites attract in this situation?

The Placing has been taken up in full, and unless the Investors renege on payment (26th June), Funding will be in Place.

Oiler you are right it is over 8m shares being issued in fact the number is 850m.

Assuming Shareholders Vote the Placing through on 26th, Michael Spencer will have almost 16% of the Company.

Ronald....can you share your theory with us?

Scooby... through his company MS is taking 20% of the placing.

Service and general ambience does seem to vary from site to site. Some staff appear to be very over-worked, which may be good for margins but not staff morale. I have found a considerable variation which must be down to the Manager.
I did sometime ago make certain observations to HQ and suggested the Company engage secret guests who should feedback any problems. Bad reports are not good for any business.

1 bad experience will be relayed to 10 other potential Patrons

Hope that remarks here are being fed-back after all it is costing all of us(PI's)

Would'nt you like to know?

Shell will announce timing of seismic survey, before the end of the Month (June).