Member Info for gwilliams316

It appears flagstaff have been replaced.

I wished 😂😂

Lucky you, on suspension my holding was £75k🤮

NU the rns states tbey have 11 hear experience in eastern and central europe with oil and gas. Not that they have an interest through us.

As ever with PPP clear as mud for shareholders.

NU

Is that who it is then?

I found them, but given their website appears to be about outdoor pursuit / leisure compnay i thought it was wrong.

Thanks

Zag

Same, im not sure who they are. The Rns state they have 11 years experience in eastern and central europe so i would think we would be able to see some info on them.

So far ive found the below companies, neither really match the rns description.

https://richmondminerals.com/ - rns says private company and richmond minerals are listed.

https://www.rmdgroup.com/ - no mention of any oil and gas, they look like a outdoor activity company.

If anyone does find better info please could you share.

Does no one have any info on RMD group then??

Id like to know a bit more about the company who is apparently being placed onto the board and who we appear to be joining forces with.

Has anyone been able to figure out who RMD are yet??

Hi Zag

Same, i do know millions of votes were done electronically before the adjournment so my guess is they would still have that data??

The adjourned agm had resolutions on rapp and lunn i think, so should they not be carried over.

I think that move proves there isnt much stock around. Any good news here and this will fly imo.

This is needed👏👏

Once again we are all arguing about the same rubbish over and over.

I stand by my point, opinions expressed are my own. I do not believe this is the right board for my investment. Others do and thats their opinion.

I just want the chance for shareholders to appoint the board one way or another and put this all to bed.

Everyone should research for themselves and make their own mind up as to what they think best suits them

Good luck all.

A simple thanks for the clarity.

I am aware tbat Directors can be appointed by directors as per our articles.

I would point out that under the articles of the company those appointed by such route must be ratified at the next agm, given the board have not held the AGM to do so the term has expired.

The company has been written to on this matter not just by shareholder but also companies house.

Hence the egm request, whuch has duly been denied by the board. Do you see a pattern yet???

Regardless nu, what has happened is wrong.

The board has maintained its position without authority and negotiated a deal that it should not have done.

Now they have avoided any scrutiny from shareholders for over a year they come and ask for us to approve a deal that leads to dillution, assignment of leases to petroquest and what ever else we have awaiting us.

I just dont believe a BoDs that operates lke that should ever be voted in. Thats my opinion and everyone will make their own.

That is why many are angry at the current situation. We have a Board that has avoided agms and continues until its gets a deal that quite frankly we have no idea what it means.

Heres what we know from the accounts.

Leases have been written down to the millions.

The value may return as Per Rms statement

"With regard to the operating results, the Board has reviewed and concluded that a level of impairment of the company's assets is necessary amounting to US$7.1m. The impairment could be reversed in future periods depending on the outcome of establishing the status of mineral leases. The Board is working closely with relevant authorities to reach a conclusion in this regard."

We know Pennpetro USA Corp and nobel run the leases in USA . Petroquest will take half of Pennpetro USA Corp which owns Nobel. Once leases are known and i mean the fact that after this time is not know is shocking in my opinion, then the millions of write down of value will potentially be returned.

Now that sounds good doesnt it, the value may return, but guess what now we only get half the value back.

And heres the notes from the auditor.

Opinions on other matters prescribed by the Companies Act 2006

Due to the significance of the matters described in the basis for disclaimer of opinion section of our report, we have been unable to form an opinion, whether based on the work undertaken in the course of the audit:

• the information given in the strategic report and directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

It looks like the auditor has washed his hands of any responsibility, that is a red flag for me. All do your own research and please correct anything above so we keep it accurate. I just want the best for my investment.

Do you lot ever get tired???

Lets have a shareholder vote. That way its done and dusted. A board will be elected, at the moment we have an unelected board bypassing it obligations and making deals that it has no right to. How can it be right that a board neglects its duties to hold an AGM and continues in office??

Whether you are Pro Lunn, Pro Evans, Pro life, you get my meaning, i do not believe it is acceptable for the BoDs to act without authority from shareholders whilst blatantly being way past the AGM deadline.

If you think that is acceptable then no one can help.

A claim has been submitted. That is it. Initial hearing this week. Nothing hidden that is whats happening. They will decide at some point if the case has merit. Good luck all.

And then newuncle can share his plan.

I do agree though an alternative plan would be nice if there is an egm. Lets deal with the court 1st.

Everyone is very excited tonight, court dates, future plans.

For clarity and again, there is no date for an egm, we do not know if the court will agree to it.

Asimple all i know is the intial hearing is this week, there is a process for that the court sets out. Sorry to be a bore but that is it. There is no confirmed case date thereafter.