RE: ************* Blog14 Sep 2022 17:29
Interesting you appeared today and was too busy yesterday, TheAimCasino ,defending the company.
Rubbish was the sell down to take profit !
It was a 'p' poor piece of communication summed up perfectly by this post yesterday with 33 recommends :
SecretBlueprint
Tue 19:19
That RNS today was rather thoughtless in my opinion, and not what might be expected from a company of seasoned professionals. There was so much built up expectation from the GC reserves report, and yet the directors talked at us, rather than speaking to us in words we understand.
99% or more of investors and analysts in small oil company fortunes are not petroleum reservoir engineers, and the language of today’s RNS was therefore bound to cause confusion and panic. It failed to speak the tongue of the common man or woman or reassure them. The company ought to know how to play an audience better by now.
I think that the directors should have shown more sense than publish a technical statement that included the following words (even though they are technically correct) :
1.Speculative
2.Water
3.Potentially
4.Estimated
5.Contingent
6.Illustrative
7.Constrained, 800 bpd for 5 years
They should have said the oil and gas reserves at Wressle are far better than hoped for, and for a full explanation, read the GC report on the Company’s website.
99% of people on Fulham Road, when asked, have never heard of STOIIP, and that is the audience, not members of the Society of Petroleum Engineers.
99% of people in Cornwall think an oil/water contact is like the Torrey Canyon disaster.
99% of people in HMP think constrained means they can do nothing about it.
2 of 10, must do better Dave..........
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