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Because the simple fact is Dunderhead, people believe the hype and it attracts PI's, people don't just wake up and think I wonder if a company called europa oil & gas exists, you need to develop exposure to attract investors.
I agree Hugh did look uncomfortable, which sparked concerns and rightly so, he was hitting brick walls everywhere he turned, it did me a favour in that I held off averaging down and did so a lot cheaper a couple of weeks back so not all bad.
I'm afraid we won't get much reaction from the BOD regarding this, was always nice to see Hugh interviewed in front of the camera as you could get a lot from his enthusiasm and body language.
Not sure the current BOD have that in them, or if at all possible with Covid/lockdown.
Let's see what reaction they can spark.....
Be nice to see some formal release Tacuma, however I guess they've got to dot the i's and cross the t's.
Weekend allows time for further testing and formal reporting to be completed, fingers crossed this gets over the line alwith greater than expected results.....
Copied from Twitter when searching #wressle.
"#Wressle production is on a ‘Constrained’ flow. That means it’s deliberately choked back as per licence conditions.
Wressle has flowed oil at 720 bopd. Ergo it could get to 1,000... But they’ll need a change in licence conditions etc"
Fingers crossed for a positive RNS Monday morning after a weekends testing.....
Fingers crossed we get to where we need to be Tovoc.
Hopefully the current BOD can steer us out of this and make traction on other licences, I'm more inclined to think we look like a takeover target though if the landscape changes regards to Ireland energy strategy, but have some comfort in that Wressle adds a chunk to the companies value now its almost over the line.
Averaged down after many years holding at 8.9p, down to 5.5p average now.
Kicking myself for not doing so in December where I'd of achieved a penny or so less due to waiting on a slowmo accountant to file my tax return and understand available funds (still not done).
The prospect of breaking even looks a bit better now, however after around 7 years of waiting I'm still not that upbeat about my holding.
Good luck all!
We're knocking onto 2 years since a director put their hands in their pockets and purchased shares in the company.
This speaks volumes IMO, either along for the ride until the pot runs dry and/or they truly don't belive in the company or its assets.
Something from the now not so new directors wouldnt go amiss either, do they just toss it off all day?
This sounds really silly, but for long term holders such as myself, is it a wise time to average down at these stupidly low prices?
My average price is 8.9p, an easy opportunity here to half that and once wressle is on stream, oil has recovered to a sensible level and this damn Covid19 stops dragging the markets down, hopefully I'll be able to exit and break even.
By no means a ramping post, but I have to ask the question, have I lost my marbles?
Heidelberg, I just don't get what the rush was to replace Roderick Corrie, I don't recall one event in the 6 years or so I've been invested here where his name has stood out for any other reason than being a lump of wood.
Youbet, perfect summary of the situation.
Depending on upcoming events this appointment is just wrong in my eyes, if and merger or investment by RBD was to happen it should have occurred in line with or before the appointment was made, otherwise it just smells fishy.
I seriously think this company could be ran by one man with consultants draughted in for specialist services.
We are and have carried so much dead wood now and over the years it's unbelievable.
I'd like to see the top 5 professional achievements our BOD have made in the industry over the years, we need doers on the books, not bottom feeders, bu1kshi**ers or people who are simply hiding in the background and on the books for a free ride.... ....
What do we have that will attract new talent?
A past portfolio of failures, a board filled with dead wood.
Ireland can't be as compelling as we've been led to believe or it would be at least on a conditional farm out by now subject to approvals.
Wressle is done and Egdon will crack on with that.
That leaves Morocco I believe, not much at all to attract someone with a proven track record and the entrepreneurial flair we all want.
My guess is we'll end up with more dead wood as in what we have/had or end up taking a gamble on someone young and yet to prove themselves, I'd prefer to gamble on the latter......