Member Info for flashgarden

You dont half talk some bilge.

got lucky with gkp and now an expert.

bottom was 0.8 a few months ago according to you.

over 50 % down and still spieling like a master.

what a blind guide you really are.

You are several years in already and you are well down based on your fanfsre purchasrs so prob best not to be so condescending.

The RNS was timed at 11.35am

A whole 16 minutes later tyb started a thread 'GOOD NEWS from USA'.

13 minutes to be notified of the RNS, stop current activities, open, read, digest and analyse the contents of the RNS and then copy and post the link after determining it was good news.

I think that tells you all you need to know.

The RNS was timed at 11.38am

A whole 13 minutes later tyb started a thread 'GOOD NEWS from USA'.

13 minutes to be notified of the RNS, stop current activities, open, read, digest and analyse the contents of the RNS and then copy and post the link after determining it was good news.

I think that tells you all you need to know.

Zengas

Matthew 7:6

Folk on here arent interested in truth.

They bought in on the back of tilapia - which failed btw.

In ZEN years they are pre-school nursery age. .....it shows.

Let the spitting out of dummies commence.

Ignore last non-sentence......ha ha ha.

whose round is it?

Regardless of what ER has given as the official justifications for his refusal to grant the LU, this case will become about him and his agenda.

The rhetoric from both BEY and LOGP is making it clear that this situation centres around the actions of 'The Minister'.

If ER gives an indication that the unacceptable and uneccessary delays and ultimate refusal is associated with a shift away from fossil fuels to renewables, then LOGP totally have him in a corner on ECT.

If he takes the stance( as indicated thus far) that the decision was based on the financial capability of BEY/LOGP then it will still become about him because he used his discretion and applied subjective guidelines to make the assessment.

I cant see how he can argue that his discretion was fair and equitable towards an oil and gas development, considering his party affiliations, especially as the ability to draw down funding for the next phase of the development was in place. IMO he is scuppered and he knows it.

He either succeeds in blocking it but at huge expense to taxpayers in compensation or his political associates agree to hang him out to dry and overturn the decision.

I cannot foresee his preferred situation where he manages to block the development without a huge compensation being paid.

His is either going ta back him and pay

I can already anticipate ryans feeble minded ramblings when the inevitable legal battle ensues.

' This case being brought against the irish people, trying to rob them of the funds needed to ensure a sustainable and secure energy future, shows how little that companies such as this care about this country. The fact that the company went into liquidation fully vindicates the perfectly reasonable assessment by the department in refusing the lease undertaking....blah blah blah. ....the world is going to burn.......blah blah blah......all hail empress greta......blah blah blah .......I love bikes and windmills.'

The minister has applied HIS discretion.

DECC not mentioned.

They are definitely making it personal.

I agree the wording of recent RNS was interesting and I am hoping that they were closely scrutinised by the legal team prior to release.

My first concern was whether they added weight to the ministers stance regarding lack of financial capability within the company to progress the development. We know that this is just a convenient argument being used to support the minsters agenda and does not acknowledge how developments of this size are usually funded. I doubt that the same criteria would have been applied so stringently if it was a wind development.

However, BEY have other assets besides barryroe. If the ministers decision fundamentally undermines the ability of BEY to operate AS A COMPANY then surely there is a lot more at stake for the government than just paying compensation over barryroe.

Imo usa is a smoke screen. There will be dilution regardless.

What other options do they have?

My main issue is that, even without the added complications in tunisia( which I accept are unfortunate ) the profit per BoE is pitiful.

The money is not going to shareholders.

I repeat my point, using the most recent figures on production costs and the current oil price, 8000 barrels would not even pay AC for the year, never mind all the other obligations.

So ZENGAS, just so that I am not alone. what is your assessment of production costs per barrel for the 6 months to sept 22, taking into consideration monthly costs from italy.

Educate yourself - read zengas posts.

I think you mean YOU did not know there were problems. There is no 'we'.

You instead decided to use out dated figures to communicate in a condescending way to support your ramping agenda.

Regardless of the issues with production, you used profit figures for tunisia which you knew were not going to be replicated unless there was a hike in production rates. You also, like some 5th grader, used figures for italy that were based on the highest energy prices seen in recent memory.

CITM- queen of the wooden tops.

CITM 4th jan 'Its pretty simple Kels, $4 million has already been paid leaving $17 million left. In pounds this is £14 million and at least half of it is being paid by the Hong Kong shareholder. This leaves a maximum of £7 million to be paid by Zenith which is only one third of the market cap and can easily be paid out of the Tunisian oil and Italian gas profits which are about $17 million per year.'

Yes, its very easy if you use made up figures CITM. Care to reassess your $17m profits from tunisia and Italy.

Queen of the wooden tops.

Very poor wooden top.

nothing to offer but denial and dismal attempts to discredit. laughable really.

Where are your facts.....where is your analysis?

the price is 0.425 btw.

congo in tatters, tunisia on the ropes, italy boom time a fading memory,

There is always the USA smoke screen to justify further fund raising tho. phew.

At $60 we would have had a 'massive' net profit of £24k after paying AC.

Of course that would only be used to help pay the other directors.

But i didnt use $60 because it isnt $60. POO is down near $70.

$10 a barrel deductions.....really!!!

How much did the failed workover of ROB 1 cost btw?

$80k on that alone is your $10/barrel gone.

Please back up your argument with facts wooden top.

You mean like you do when you accuse people of not holding and of having multiple ID's?

show me where I have wrong TYB cos I want to learn how to tie your boot laces.

So what is then citm?

Prove me wrong with facts.....make sure you exclude profits from oil that wasnt produced by ZEN.