Member Info for fairdealer20

Cuckoo I share your angst. I was about to depart after Cluff retired but Shell came in and they restored my faith. Unfortuneately Delt has been dogged by mealy mouthed Execs whose only skills seem to be lining thier own pockets. Michael Spencer bought a hell of a traunche at a fund raise, paying 2.75p before the consolidation. His loss on those shares will be humungous. It is also true MS has collaborated with Cluff, after his resignation here, in forming Cluff Energy (Africa) a private company. It can only be speculation as to how that company has performed.

AIM Oilers are not for Long term investors, short term ( Traders) who dip in and out can profit nicely.

At least the loss here can be offset against profits elsewhere, which is probably the best way to look at it.

As one who bought in when Algy Cluff was incharge, am down more than 85%. Even Michael Spencer, Algy's mate, is down by a similiar amount.

One man who have profitted is Graham Swindells

Here a copy of my post in March, which should enlighten.

"Look at section 4 of the JV agreement 2019 ( an extensive document where the requirement to retain 50% of pubs is clear)

This condition was retained when Carlsberg aquired the remaining 40% of Brewery last July

If, the asset value of properties is without charges, where are the VC's who could easily cash in? More than doubling their money in quick order!

SH's should be aware, under Ralph Findlay's leadershire the company was heavily over borrowed, hence his (RF) decision to sell off a large share of the brewery at virtually any cost.

Did warn a long time ago, Carlsberg are past-masters on such transactions."

It is clear the market and any predators, have doubt regarding the NAV. There are issues that may just be clever accounting and the condition with Carlsberg that handcuffs the company or it's successor, " retention of at least 50% of Pubs". Apart from selling pubs below this level, the BOD have/are using a well used corporate practice. Sale and leaseback. This is fine in reducing hardcore debt, but asset values decrease as a result. The Welsh pubs ( Brains) have NO asset value to Marstons.

Tomorrows result should be encouraging given the brilliant weather thus far experienced this year.

Would hope the New BOD have made the neccessary complaint to all regulatory Authorities in respect of the activities of Shishir and his Daughter.

The company is registered in London. not India and therefore subject to UK Law.

Is any action being taken to recover shares covertly issued to Shishir and Co by themselves. Yhe shares should be cancelled.

It is obvious, as some of us concluded for more than a year, Shishir has managed to manipulate funds from TGR to private companys controled by him. It is to be hoped Civil proceedings at least is in process to recover misappropriated funds.

Many questions still to be addressed.

Looks like the Vultures have arrived???

Incredible. What are Investors expecting, double digit growth???

No wonder Company's and Wealth accumulators are fleeing the UK Market in droves.

Any company, in the retail sector, producing results above inflation, must be doing something right in the current economic malaise.

Those who think otherwise should invest in Thames Water!!!

WH needs to explain the rationale to delay exploitation drill by AT LEAST 1 year.

Which areas of retail? Clothing, Homewares and or Food & Drink

As one who advocates action against Shishir, would be amazed if an investigation is not ongoing with a prospect of charges. The BOD will not provide commentary as it would jeopardize legal proceedings

Entitlement to Div depends on the date on which Brokers notify the share register, often done through a 3rd party. Have seen occasions when, for instance, one could buy today but not recorded with the Registrar until Tuesday. Much depends on the Broker/Share Platform.

If looking for a dividend, in my experience, best to make a Purchase 3 Trading days before Ex div date, to be certain of qualification.

Most of us are an irritant to the BOD. It would be reasonable to believe a major shareholder, now on the Board, is rattling someone's cage. If not there is little hope for any of us.

Hope springs eternal!!!

......and no news on Accounts sign off! Shishir must have left one hell of a mess.

Aim..... thanks for the info, which had slipped under my radar.

Seems our 25% share would have worth + $1m. and Will keeps drawing a salary. He should have been ousted many months ago.

A Miracle is required for shareholders to get a fair return on their investments.

GTE North Sea announced on 4th June, it's sale in principle, of Serenity for circa $4m. Have I missed something as there does not appear any reference to the sale of Serenity ( in which EOG have a share) by our BOD

NEO Energy are the buyers, it would be strange that EOG have not had a proportionate buy out.

Any thoughts or further info ???

Papua new guinea is in the South Pacific. Equitorial Guinea is in the East Atlantic of West Afica

Clarification of the RSA agreement is required. The RNS clearly states "4.5% of the Gross Revenues of the OIL Production of W1". Had it stated it stated 4.5 % of the Oil Production APPORTIONED TO EOG's SHARE, the agreement would be crystal clear, otherwise it is possible the Canadian Entity have pulled off a master stroke of an INvestment especially as it is for the Life of Wrestle 1.

It is to be hoped WH is clever enough to have agreed terms that benefit EOG's shareholders?

Itswrap/stokie, quite agree. The RSA without defined timelines, seems open ended even at 4.5% of gross revenues, could eventually become a considerable payment. Curiously WH states the consideration of $500K is payed up front and will make a further statement once received. It is the 21st May and payments to the RSA entity started on 1st May, in other words EOG is responsible for payments before the investments has been received. Interesting?

Hjhj, correct it is the Premier Lodge, although 4 star is not the size of a Premier Inn.