Member Info for fairdealer20

I believe Dyas as a wellknown drilling company, were given the 5% to cover drilling costs. Understand Dyas have done similar deals elsewhere, which should add confidence here.

The Powers that be realise it is a good way to address African poverty and yet distance developed economies from carbon emissions. Good for EOG

The prospect seems to good to be true. As always the proof of the pudding will be in the eating, especially if the SP, as suggested goes anywhere above 20p.

Be good to get Paul's take on the opportunity especially the geology which listening to Jamie it seems easy to drill etc.

BadA, quite agree. Who is this company, Carbon Neutral Britain? It has 1 employee, the Certificate has to be renewed annually for what purpose?

Being involved in other Industries, is this yet another "Assurance" company extracting money from gullible companys on the "Flavour of the Month" issues?

Lets hope GS is devoting the same or better energy towards a monetiseration agreement!!

Cuckoo, I understand your chagrin, having been here for a few years. At least, now we do have reasoned debate, since the

Provocateur vanished. Sharing of views and experiences is always a good thing imo.

Let's hope we all get our wishes in 2024.

All the Best, to everyone, for the Festive Seasons.

CHEERS

Barchid, I may have not been clear when stating the Brains Leasehold Pubs are of little value to Marstons. THey are held onshort term leases, Ralph Findlay and John Rhys agreed an up front payment ( 6 months Rent in advance). Brains were trying to avoid Liquidation. The terms were on the basis of full repairing leases ( the tenant agreed to repair and in many cases bring some run down pubs up to a good structural standard) there was a handful of Pubs which were so bad and omitted from the final transfer. Those Pubs and for that matter others, were not fully surveyed when the deal was struck. Brains(John Rhys) was anxious to get money in the Bank and Ralph obliged. Brains retained the freeholds on the basis they wished to take advantage of future capital appreciation. That was the story, however within 2 years (2022) the freeholds were sold to Song Capital. Make of that what you will, doubt Song have acquired as a good samaritan, more likely to extract better value from their Tenant!

Turning to the accounts it would do super puffer's limited corporate knowledge the world of good to read the Independant auditor's report. It has some very interesting phrases which could concern any LTH.

Some investors are here seeking a quick profit, but not really interested in the company's long term survival.

Do you understand that some here are considering Leases are of value when as pointed out the Brain's element are of no value but a liabilty. Incidentally Drakeford has just announced all Pubs, shops and restruants too have rate relief reduced from 75% to 40%, to plug the Health Service deficit. The affected business are up in arms.

Best to read posts correctly and in context which avoids any confusion!!!

Shaperite, some common sense. JPM may have increased expectations to 57p, but many of us are here much above that level, when Dividend was a prime attraction. Keep reading that estate value will increase, maybe, but don't get carried away. Some talk of Leaseholds being of value. They need too examine the agreement with Brains where Marstons have 25 year leases on a 100 or so pubs. Those properties are managed on repairing leases . Yep Marston are responsible to maintain and repair poorly maintained Pub in Wales, so no value here just a liablity.

The hope here is Justin Platt will work the Oracle, which greatly enhances Shareholder value. That is the hope for 2024.

Exactly my point. budgets signed off, which should be easy to provide the finacials if only in total terms.

Monetisation may be ongoing and may not happen. We should get some numbers to at least satisfy the Patient!!

As the JV has been agreed it's reasonable to expect details of the Pensacola drill budget, defining DELT's contribution.

Bigglewerf I would smell a rat. It is absurd to restrict a sell price unless they are protecting the Shorter and their marginl.

The practices Brokers use need review and better regulation .

Chas, that is a good way to prevent your shares being loaned by unscupulous brokers, which in view of our experinece here is diabolical. You buy and own shares but don'nt have control.

Anyone who wants to set a high sale price to stop shares being loaned need to keep a check on price movements as they could suddenly be sold. I.e if the SP approached 2.5p, uprate the sell price. if you wish to retain the stock.

DP cannot quite agree with the staffing arrangements.Swindells is an Accountant by profession. Andrew Nunn is an oilman.

Most technical work I would expect to be outsourced if not done by Shell.

I would suggest, the need for a tea-lady has since gone.

Implications of the COP 28 is more of a concern to ALL Oilers especially the smaller ones.

I hope the prize will be bigger and not the Booby prize.

DP if those numbers are correct they are significantly different to the statement in December 2022 annual report

The last Full year's accounts (31st December 2022) states 5 directors and 4 staff

Gerry I totally agree with your last statement. UNfortuneately my shares in several companys, are held in Trustee account.

Events here have opened my eyes, and am hoping to get paper certs. I am not holding my breathe as I think the Broker will only let me deal with shares held in Trust.

It is a diabolical situation. So much for Margaret Thatcher's share owning democracy

Gerry, realise SIPPs and Isa's have restrictions, however there will be some who. like me, are not trapped. I am exploring the issuance of certificates .

Considering the issues here with trustee accounts and that the same issue could affect anyone with stock in other companys, maybe having paper certs is the answer? Realise brokers will not be happy and may have rules in place that require investors to leave shares in trust?

Brokers can and do loan shares to shorters. Not many investors realise. Paper certificates do stop this practice.

Something to think about and get proper rights as a shareholder???

You should read Company Governace. Directors are appointed to protect shareholder's interests. Now think about what is going on here. A few PI's are just lying down and taking it, not me.

Is that statement Nonsense?

@brezhnef, as one of the hard core element in my many years in dealing with Execs and Directors, I have never come across such a dismissive attitude towards the owners as openly displayed by Will Holland. It does seem some PI's, balanced or otherwise, approve the huge remuneration awards. Fair pay for a fair day's work is OK providing it is targeted and based on results.

There are posters who run with the Fox and the Hounds who should be treated accordingly.