Member Info for JamesOxford

@Gunsup. Agreed. As I mentioned earlier: 'When the money-men are in charge, you know Wood will be sold for the highest possible price...as sure as night follows day.' Iain - the new incoming CEO - is the money man and will work to extract the best possible price for Wood. Make no mistake, Wood's institutional investors want Wood sold. Hence, Wood will be sold to Sidara or the next highest bidder.

Any other prediction is pure made-up fantasy.

@Pokerchips. Agreed. Kenny-boy is stuck between a rock and a hard place. Not wanted by Sidara, not wanted by institutional investors. Kenny was not 'pushed'...if that was the case he would have left with 'immediate effect' or similar words.

Kenny-boy will keep the Wood ship stable until the vote and that is all. After that, the new 'interim' CEO is all that will be needed in order for a smooth transition to new ownership under Sidara; or to manage expectations, negotiations and news-flow between Wood's institutional investors and Sidara's revised offer...or that of a new bidder. When the money-men are in charge, you know Wood will be sold for the highest possible price...as sure as night follows day.

The alternative - as remote as it is - is that the new CEO negotiates with institutional investors in order to attract circa $450M minimum capital raise to continue and turn Wood around. That will be the minimum requirements made of Wood by Wood's lenders. i.e. if Sidara leaves the table, in order for Wood to continue, Wood investors must shore up Wood's balance sheet and liquidity to the tune of $450M. If this comes to pass, massive dilution for current Wood PI shareholders, as such a capital raise will only be available exclusively to instutional investors for obvious reasons.

Kenny-boy stuck between a rock and hard place, and his resignation is effective upon the Sidara vote November...not soon enough IMO.

Sidara have no interest in Kenny-boy as CEO of Wood under Sidara ownership. Sidara are happy to keep Iain as the interim CEO, until Sidara are ready to appoint their own CEO as Wood moves forward.

On the other side of the same coin Wood's instiututional investors want Wood sold to the highest bidder - whether that is Sidara or Apollo or another bidder who enters the ball park shortly after Wood's financials are published. Wood's institutional investors want Iain 'one of their own' (i.e. money-men) inside Wood (hence Iain's appointment in the first instance), in control and representative of investors interests.

Hence, Kenny-boy 's 'leadership' is surplus to requirements to both Sidara and Wood's institutional investors.

Now the real question is what next?

23 October: Vote for amendments to Wood's own Memo and Articles of Assoication in order to not breach own finance covenants. There is no doubt whatsoever that once Wood's financials are released that Wood is in breach. Therefore, this vote must be approved without question.

12 November: Vote for Sidara to buy Wood. This vote is entirely dependant on finance results, which ought to be released/published anytime between 24-31 October. This allows plenty of time for a late bidder (such as Apollo) to enter th ball park. If the financials are 'fair' or 'acceptable' institutional investors will vote 'No' to Sidara, in which case Wood will still be 'for sale' and Sidara (or another bidder) will need to up their offer to circa 40-45p. If financials are 'dire' institutional investors will vote 'Yes' and move on to greener fields.

Given the change of leadership, I would say that the financials will be 'fair' and more importantly that the future looks positive. From the outset, I have always said that Sidara's offer does not reflect potential of Wood over the next few years. Hence, I think Sidara's offer will be rejected. After that, Sidara needs to up their offer in order for the new BOD to be 'minded to recommend' the offer. Such an offer will need to be 40-45p minimum. If no offer is forthcoming, I expect a capital raise which will be exclusivley available and 100% fulfilled by Wood's instutional investors to occur. This will massively dilute current shareholders, however, a capital raise spread over several institutional investors will provide Wood with the capital to turn the Wood ship around and therefore, when for sale once more, ought to be more reflective of a multi-national and former FTSE100 listed company. In such as scenario, if Sidara want Wood for thier own, they will need to dig deeper into their own pockets...and quickly.

Excellent update/summary by CH on Zephyr...as investors all is positive. Multiple parties in data centre assessing Zephyr right now. Further announcements to come in due course. Interview link below. GLA

https://www.proactiveinvestors.co.uk/companies/news/1080586/zephyr-energy-ceo-says-cpr-on-paradox-marks-seminal-moment-1080586.html

@PI_Winner Agreed.

Good recovery is in play from the lows with YouGov shares today closed at £2.61. Easy money to be made here over next 6-12 months. Friday may experience a slight dip - par for the course. However, expect a push upwards from Monday as investors realise YouGov is too cheap to pass up.

It would not surprise me if YouGov leaves the AIM market and moves to the FTSE main market...which would probably add a further minimum 50p-£1.00 to the share price within days of such an announcement.

Further, YouGov could be a takeover target at these levels.

All IMO & GLA

@KatStrangler JO is not a day trader. When I mention the worm has turned - it is a longer outlokk than just today. I am very happy with my series of YouGov buys earlier today at circa £2.48. A bargain is a bargain, and JO loves a bargain! No doubt over the weekend more investors will realise the same. GLA

Added a few tranches at circa £2.48 and that will do me nicely. As expected this has botttomed out today at circa 10am to 11.30am and the worm has now turned. Enjoy the rise. GLA

@Papduke With your current investmentin Zephyr of £400,000 I think you ought to be a made a director at Zephyr, or a special advisor. Be sure to take your leather whip with you. With Papduke on the case (and probably digging holes with his own shovel), Zephyr will start meaningful production within weeks!

YouGov's share price is too cheap to be true. JO still waiting to add substantailly - waiting for the algorithm sell-offs to dry up...not long now.

After that, expect the YouGov share price to climb to more realistic levels.

JO just needs to time it right...this afternoon, Thursday or Friday. That is the question. Lol

Today YouGov's share price is a game of ping-pong and involves shorts and 'market movers'. Zero to see here today and over the next few days.

Good solid set of numbers in line with market expectations. YouGov's share price is cheap and represents good value. JO likes cheap and under-valued stocks. JO will add more after the inevitable down cycle today. So predictable. Commonsense says do not sell when numbers are solid and the stock is undervalued...however, commonsense is not so common. Lol

Good solid results and outlook. Will add substantially today after initial drop set up by shorts…so predictable. No brainer here. GLA

Shorts are short-term gamblers, plain and simple. Shorts are not investors - it's not in their makeup. Shorts win some and lose some. I know quite a few professional shorters, and have always found them somewhat stupid...lacking in medium/long-term vision. In short (pardon the pun), shorts are fleas on cardigans.

@Datron. Agreed. Just invested a small first tranch of £15,000 punt. I would say that the 'new' CEO of YouGov will want to kick a few goals. Although organic growth ought to be minimal, the 'recent' acquisition/s ought to add to the bottom line in terms of revenues and hopefully profits, as well as generated decent cost savings in terms of synergies etc. An update on strategy ought to be well thought out and deliverable also. Besides all that - the current YouGov share price is only circa £2.85 so a bargain is a bargain all day long! Lol

@Banburyboy 'Quite hard JO and you are just a little bit sunny side up.'

Disagree. I call it as I see it. I am always pragmatic with all of my investments and will always remain that way. It is only recently that Zephyr has shown its true potential. Serious investment and production does not happen overnight. Give it a few months yet as early production arrangements/agreement firm up with subsequent RNS announcements.

@Banburyboy @Papaduke 'I was slightly underwhelmed by just $2.5m of cap ex being approved from a fund of $100m.'

You can please some of the people some of the time...

Rome was not built in a day.

Zephyr's RNS states:

'The initial, non-operated working interests contributed under the Agreement are made up of 13 newly drilled wells (the "initial wells") located in the U.S. Rocky Mountains. The Investor will fund 100% of the CAPEX in the initial wells. Total CAPEX, net to the Investor, is expected to be approximately US$2.5 million, with no further financial commitment from Zephyr. Once the Investor has achieved its threshold return on the initial wells, the Company expects that the interests will deliver future life of well undiscounted cashflows, net to Zephyr, of circa US$1.8 million.'

What is not to like? Zero cost/risk to Zephyr, zero cost/risk to Zephyr investors. I will take the above progress as a positive and solid step forward into meaningful production all day long and twice on Sunday.

@Papaduke Don;t worry your investment will do very well. Zephyr is now on the cusp of something very big. IMO PS. Just a thought, you could sell £50,000 and be up on that initial tranch of your investment, which could make you feel better. For me I will hold for the inevitable high returns i.e. based on production.

Another decent Zephyr RNS. Market support is decent in last 5 days Zephyr's share price has risen from .0279p to .0333p a 19.44% rise. Not quite a rocket, but a decent consistent rise all the same. It's still early days with far more to come yet IMO. Therefore, I will hold and if there is another dip I will add.

@Papduke Is Zephyr your only investment? Are all your eggs in the Zephyr basket? I know you mention that you keep adding...sometimes for no reason at all, other than the wind is blowing the right way. You rants seem to be directed at 'CH'. Weird. Even weirder is that your posts are not those of a balanced investor that has his/her fingers in a lot of different pies. No once cares about your 2-3-4 year plan and the fact that you want out for 10p per share. None of this matters to anyone but yourslef. It is time you took stock of yourself, go for a walk, and take a chill pill.

I think CH's RNS was right on the money...excellent results, and CH has set-up a data centre...and would-be partners are CURRENTLY looking at Zephyr's data/results. It will be a matter of time before a further announcement is made, such as JV or farm-in, or maybe an offer to buy Zephyr. It does not get much better than this.

So stop bleating, stop moaning, and stop...well, just stop. Take a breather.

@Stupmy How do you think the YouGov results will fare on 14 October? Any thoughts?

@Rendavva Canaccord Genuity raised its price target for Zephyr to 14.3p today. Previously it was 10.5p. This raise is due to the positive outcome of the Sproule Competent Person's Report (CPR) on the Paradox's Cane Creek reservoir. The updated valuation of 14.3p reflects the significant increase in reserves and resource and of course the potential future cash-flows.