Member Info for highlandsbull

He seems abt the same mould as rc, all hints and innuendo and sfa action..

Imo should go and picket samuel's office, xer's a prime candidate for the crapola oga has been posting about their supposed industry support role abd guarantor. It's not as if they even have to advance money if this phantom funder is still around.

I wonder now when RR departed being close to these guys, whether he had a premonition it might end like this, management being what it is, ppoor.

Course this wd not be a ploy of the useless bod or bondholders to hoover up shares.

Sadly at cost to investors in xel who trusted in their stated market managerial experience. They forgot to add in actuality with the results as denonstrated to date by the sp, it must have bern with the tea trolley.

Gross culpable stupidity x 5 imo at 2011 draft fdp time failure, ewt amd expense of same with no partner lined up, big boy plan again with no funding or partner, dumping the rbl funding they did have with no production replacement in place, and signing away the supposedly several bln $$ asset for peanuts. These mid management incompetents deserve rheir own harvard biz case study in what not to do and how to p••s away $450m. Jmo.

Plus if they ordered kit now it would be a lot less expensive than 4 years ago.

Quite expected for sto to have cancelled actually an fpso order. They ordered option in duplicate for bressay at the time they ordered for mariner. As Bentley has shown at half the price the mariner way to do things including the platform hugely expensive. Also now bressay not likely to require fpso.

I think this just goes to demonstrate their inadequacy imo, now the bs has caught up with them they are like rabbits caught at night in car headlights, transfixed, with their only option being to sell other shareholders down the river. They should join with shareholders they have duped, stand up for once with them and tell said bondholders to foxtrot a with their paltry 1.5% offer if as it seems they are incapable of securing others.

The thing is with the bod having this option on their brain for this length of time with parachutes strapped on themselves just how much effort have they put into other, including jv, options. The bod has had more than enough time to develop this field and expensively failed. Trying now to promote 1.5% as their best effort, rubbish, fire them. It should be put out for open tender, the ceo has constantly harped on about industry valuation, let's see it because it's certainly not been shown as coming from this executive.

Don't quite agree with yr sk comment. There have been b••ls ups all over the place and huge expense in relation to operations going way back. Ops also have to tie into funding and best ideas. This guy seems to act more like the mad professor let loose in a china shop.

Ha, ramper!

Personally imo I'd prefer the industry and the bondholders while they have to move fast in the remaining months of the lease, to secure a better return to shareholders than that represented by 98.5% dump, while at the same time the company is rid of the inept overpaid dross at the top.

Would imagine the wife for one gives him a good ear bashing every night. But how he has thw gall to imagine having spent what they have and driven the sp to where it is, that any rec of his now to shareholders for a further 98.5% haircut while he and his bod head off parachutes attached is going to find any favour beggars belief. Executive greed and mismanagement imo has driven the sp to where it is. Pass the asset to the bondholders for sale you 'negotiated' that at as a condition of the deal you selected and struck with them, and foxtrot oscar yourself and the rest of your motley crew immediately thereafter. Leave bondholders and the market as you were unable to or could not care, to find any residual value in the deal they entered into with you.

Ability to burn through $450m has screwed the dynamic duo up also though, could have been £30m each up themselves so at least a degree of shared misery for the ineptness shown here.

Is cole not also the company secretary for the bvi company..

The company has a paid team of lawyers working on whose behalf ?

Thanks. Surely rns worthy and vote ?

One might think one of the largest proven fields in the north sea should attract some attention, away from throwing money into speculative seismic.

Yep, afraid after the event their real characters becoming as usual more apparent as they try to hang on to the unjustified by results salaries and benefits they have enjoyed for years.