Member Info for highlandsbull

Agree, oga want the field(s) developed, sto would fit the bill ideally, only problem is they need to move even sooner than xer on licence renewal for breasay.

The rig never made it past being an mou.

Clearly the auditors also were having the wool pulled over their eyes re the issue of a questionable going concern and validating that.

Obviously lawyers about the time they were told to dump the tsv listing with the scrutiny they would have come under there re current events.

The bondholders need to move fast because of the approaching end of the lease.

Did you have any further thoughts as to why the egm rns is not out yet, is it 14 rather than 21 days before the event?

Millions, I can recall lawyers all the way back to.. remember the guy that left one firm and pisted his bentley cv credt online?!

Perhaps someone just woke up to the potential ramifications..

98.5% ownership one have to make a compulsory bid?

Sure not to be anything in favour of shareholders.

If only this nit picking ceo had spent as much time on sale of the asset as seems to be spent on lawyers and tinkering with company documentation ..

takeover provisions gone, article 43?

Absolute cr•p.

on ii is the present management incumbents do not imo for clear conflict of interest reasons want open sale to happen. They would be out on their backsides forthwith by new owners. Imo xer could quite justifiably with oga go this route by saying market conditions and the severe cost placed on xer by decc with the over the board ewt have placed xer and shareholders in the position of requiring an open sale of a fully researched project to be made to clear their debt obligations in achieving same. The bod for now have worked an escape strategy with the bondholders for themselves in the hope or likely expectation they can capitalise themselves later while other shareholders are left stuffed. Jmo. Vote no.

Still sitting in bits in Singapore. Another piece of disingenuous words on the part of the ceo, no way could it be contracted until funding in place so it's never been in reality xel's rig. Yet more rc speak that's come back to bite him on the backside. So a bunfight now between kfels and tso.

I also particularly liked AOW's 22.52h post last night, especially about canning this useless managemenr.

Exactly, if cole already has this stitched up then a no vote will still get you these glorious terms, but there's always a chance, and you are at least indicating contempt for this complete mismanagement.

All waffle as evidenced by samuel's limp response apparenly when queried re oga assistance to xel.

to his bondholder chums saying all may not be quite so rosy in the garden as originally anticipated.

Yes and if they had been as they should by now been able to actually by drilling add a reserves figure to chadwick how would that look added into the bentley give away.