Member Info for greygeorge

Oh for sure pickedpeck I LOVE seeing the spanking you've had here. And the best part is you won't even admit what a spanking you've had. I'm sure I can hear you pleading 'Please Rusty sir, can I have some more ?'

'...If you can't come up with a sensible suggestion of what the company should have done stop complaining about what they have done. Obviously sticking with the dividend wasn't working for anyone in the end, at least accept that...'

How about maybe the company shouldn't have defrauded investors by overstating reserves and production capacity ?

Pickedpeck I'm sure those institutional investors can't wait to explain to their own shareholders how the value of their holding in this company has been reduced by over 60% in the past twelve months, and the dividend slashed to 25% in the same period. Win win ?

Pickedpeck, yes, as you quoted, I said the Congressional Enquiry was just one of many dubious business practices being investigated.

notrex, yeah, about that daily production. If everything is all above board, and about 90% of daily production for the next couple of years was already sold at a profit, what's happened to the dividend, genius ?

'...Even George has stopped wittering on about emissions doom and gloom and fear mongering. No legs left to stand on anymore there I think...'

pickedpeck, now you're resorting to out and out lies to make yourself feel better ? Care to point this board toward any post of mine that made mention of the doom and gloom about emissions ? I mean, I know DEC mugs, er, shareholders, have only fantasy left to cling to, but really ? You're not even trying any more. Now you just have lies to spread, eh ?

Coolbeans, I think you overlooked some of the detail - As well as this little incentive, Oaktree is also disposing of a bunch of 'mature' wells that have have been further depleted by three year's production. So, YES- it's a great deal....for Oaktree.

'... the assumption of Oaktree's proportionate debt of approximately $120 million associated with the ABS VI amortizing note, and approximately $90 million in deferred cash payments to Oaktree...'

Rusty is most certainly NOT a clown. Just ask Oaktree. they get lots of cash, and DEC takes on the debt associated with the original 'partnership' the two firms entered into. Also, I see this 'deal' was done way back in November. I must have missed that RNS. Hmmmm.

'...Consideration for the Acquisition gross purchase price of $410 million (approximately $386 million net) is subject to customary purchase price adjustments and is expected to be satisfied through existing and expanded liquidity, the assumption of Oaktree's proportionate debt of approximately $120 million associated with the ABS VI amortizing note, and approximately $90 million in deferred cash payments to Oaktree.(m) Additional liquidity for the Acquisition may be generated from non-core asset sales and the potential issuance of a private placement preferred instrument. The Company does not plan to issue common equity as part of the Acquisition. The Acquisition has an effective date of November 1, 2023...'

Oaktree, Tanos, would like to thank you all for the transfer of wealth.

https://www.willkie.com/news/2021/10/oaktree-capital-management

Clued seems very happy with the day's events, at least. He's a glass half full kind of guy !

Clued, you still can't see the con ! Bless your heart. 🤣

How's everyone's day going ? 😉

'...Should see a nice rally in the morning...'

🤣

'...Greygeorge, see they've finally allowed you internet use at Broadmoor ? What are your house mates like ?!!!!...'

LOL ! So, are you averaging down at these bargain basement levels ? 🤣

I hate to say I told you so 🤣🤣🤣

TerryM1, why are you blaming 'The Shorters ? Because they're smarter than you ? Because they saw the con ? Because you're the sucker here ? Looking for someone to blame ? Look in the mirror, fool.

Alessandro, you poor, deluded fool. '...From ditching plans for a US listing and acquisitions a few months ago to an unfruitful US listing and more acquisitions...'

Those acquisitions, from Oaktree ? You think they're acquisitions ? It's the same con perpetrated in the Tanos II deal. Oaktree like Tanos were part of the con, and now they've both had their payoff. But, yeah, ok, if it makes you feel better to think of it as 'acquisitions' you deserve everything you've got here.

LOL

'...I refuse to get excited with this share as it has gone straight down in the last 2 years...'

BUT it went UP between 29th April 2021 and 13th May 2022 by almost 29% (just over 37% including dividends in that time). Must suck to have your timing. 🤔

Clued has been unglued for a week or so now. Gone full 'qanon' with his conspiracy theories. It makes the board even more entertaining.

'...Alternatively, the bulls could buy more shares themselves (it worked for GameStop)...'

Yes indeed, it worked for Gamestop. The board of Gamestop, at least. The investors....not so much. I'm sure you didn't mean to gloss over the fact that a lot of small investors were manipulated into buying stock in the company did you, Trotsky ? I mean, you wouldn't try to mislead the morons of this board by failing to warn what happened to the majority of 'investors' who were suckered by a carefully orchestrated con ?