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I have no idea. But it seems strange Gaither being listed as operator on Tex RRC website and radio silence from company re the hearing. Could be something being negotiated behind the scenes, who knows.
Pure speculation, but since you asked: I don’t think they do have an interest.
I was told recently that David Kahn was the guy that sold them every single Texas asset: FH; Stockdale and Austin Chalk. Is that true and what recourse do we have if all of these are losers?
https://mobile.twitter.com/woodpecker141/status/1068088754299174913/photo/1
Ors will indeed be along soon to confirm that this RNS absolutely fulfills what was necessary by the company and demonstrates the wisdom and commitment of the BoD to the company. That the rerate will happen any day and the shares are about to multibag. Would be interested to hear Helpful’s take on this RNS however.
“Corporate speak”. Decoded: we don’t want to release the review because it confirms the assets are sh!te as that keen observer Tom Winnifreth would say. So, we are going to figure out what we are going to do and once we know we will give you a variation of that in a future RNS.
CW giving back value is not absolutely critical. I think it would be nice and good for CW but what is key is that the business of getting production going get moving forward and FH get resolved.
1. Resolution of Forest Hill 2. Confirmation plans to get production going are underway; 100 b/d near term would be fine (next 90 days) 3. As a gesture of good faith both EG and CW should return 30% of their PQE shares and warrants to the company Given the current share price the expectations implied are very low. The above would be a huge win.
That is why only a complete new and independent Board had a chance of helping the share price recover. You can not trust CW or anyone brought in by this Board.
worth a nibble. Share price is valuing the company as a shell with an investment. So under almost any scenario short of dilution should see some upside.
Sale of oil in stock? What stock?
Oh you have plenty of liabilities. They just don’t tell you about them. Guide to Mayan RNS interpretations Good news 1. 1/4 chance some truth in it, in this scenario it will be 1% to 49% true, never more 2. 1/4 chance completely made up Bad news: 3. 1/4 chance the news is far worse 4x to 10x in fact 4. 1/4 chance the company just doesn’t announce bad news at all
https://www.cnbc.com/2018/11/12/investors-are-flocking-to-quality-stocks-heres-what-that-means-for-the-market.html Clearly we are not in this category of share.....
Nothing but stripper level production and some lawsuits headed shareholder way imho
The ever reliable Roke log....
https://polaris.brighterir.com/public/mayan_energy/news/rns/story/ewvd0vw
No production is or has been going. No work is or has been going. And before the rampers say I am attempting to de-ramp --- the company itself, at termination of Gonzalez, announced that everything was being halted pending a review they said would be released by mid-november.
No production. No work. No cash flow. No imminent news.
Stuy1 - Beware
https://www.investopedia.com/terms/c/cockroach-theory.asp
No my friend. CW and EG paid for little to none. Mayan did not pay for 17%, Mayan paid for like 50 or 60%.....study Zac Phillips comments in detail.