Member Info for JamesOxford

@icecool 'fear of what they might say isn’t a reason to hide them, it’s a reason to demand them. let the numbers do the talking. simple.'

good grief. stop making up nonsense. no one is 'hiding' the accounts. the ac****s are being revised, audited and signed off will be published when ready.

Not sure what happended there unless I missept the word 'accounts'. Lol

@icecool do not put words into my mouth, i have already replied to you that i want to see the wood accounts.

my only point is that unlike you, i think the accounts will be bad with significant writedowns (based on what we know courtesy of wood's rns and deloitte's review), and that will be probably result in sidara offering less than 35p as wood's lenders will want more cash pumped into wood plc to strengthn its balance sheet and provide assured liqudity.

i doubt the the aco****s will be better and sidara will offer more. the only way sidara will offer more is if the wood shareholders vote sidara's offer down and/or another bidder enters the fray.

all eyes on the next wood rns before 5pm 30 june.

@AimMaster So are you in or out? If out at £2.82 you missed the rise so you must be annoyed and frustrated at your quick 'in and out' investment strategy. For maximum satisfaction, better stay invested for longer rather than a quickie 'wham bam' imho

Thanks for asking about a mere 2 of my other investments: Wood to be sold to Sidara for a minimum 35p at a very nice profit thanks; Zephyr just acquired an substantial asset for peanuts which generates $4M in oil revenues per year, with much more to come. You neglected ('accidently' i.e. on purpose) to mention the third investment that you happen to know about (as you are obviously a stalker of JO)...Prudential Plc, which you and SavageKeyboard panned me for buying at £6.00 as I said it would not drop any further...today is is £9.30 so very nice little earner with more to come. Luckily for you I do not mention all my investments, else you would be very hot under the collar! Thanks for 'caring'. Lol

@Icecool It is not BS to 'hope' the Wood accounts are not bad, and to 'hope' Deloitee review is way off the mark. It is your logic and reasoning that is BS and substantially flawed.

You wanted the BOD voted out, and evern with a dismal turnout it wasn't even close.

I ask if Wood is in such excellent share why don't the Wood BOD tell Sidara to go away and not renew the extention on or before 30 June? You reply with made up statements like 'the Wood BOD want to sell to Wood to protect their own jobs and that the Wood BOD are hiding behind the Sidara offer'. Say what?! Where are the facts that support your theroy?! Besides that three of the BOD have quit! Lol

Your logic is weird to say the least. I doubt you have read Wood's RNS' with the independant Deloitee's review (stating material mis-reporting, weaknesses etc.) staring you in the face. I think you simply close your eyes and repeat over and over "It's not true, it's not true...!" and then make up some weird and wacky story as to why Wood cannot possibly be sold for 35p...and to 'wait for the accounts' and all will be rosey!

Unfortunately, the Wood accounts are likely to be bad, then what...35p may become 25p, or 20p...with the balance of Sidara's original offer of 35p transferred to Wood (i.e. an increase of the original $450M offered to Wood Plc) to satisfy Wood's lenders. That my weird and wonderful friend is the likely outcome. If this comes to pass, and Sidara still offers 35p in order to get it over the line with institutional investors, as Wood shareholders we will count ourselves very fortunate indeed.

In the meantime, I look forward to more of your BS with no facts, no RNS that the 'Wood BOD are hiding behind the Sidara offer'...just more lunacy theories based in fantasy!

@AimMaster Hopefully you bought back into Capita since you sold recently at a lowly £2.82 imho

@Bob Thank you - you are as gracious as ever. Just curious, how come you never say the same about your best buddy Icecool? Is that because you both have the same view on Wood per chance?! Lol

@Solentskier I agree, an extention - probably 21-30 days. Requested by Sidara and agreed by Wood, as they both continue to work towards satisfying Sidara's pre-conditions in order for Sidara to make a formal offer.

@EbbsandFlows 'Bitcoin was used last time they needed an excuse to hide the fact they do not have a plan to put these discoveries into production. In a year's time, Bitcoin will be dropped, like it was last time, as the red herring will have done its job.'

I have not been invested in Zephyr that long not do not know the long-term history. If what you posted in true (and I have no doubt it is), then that is concerning...to say the least. It did think it very odd to that the RMS made a statement to the effect that the Zephyr BOD may consider payments in cyrptocurrenices. We need clarification on this quick smart. I am not interested in cryptocrap as a form of payment, anymore than I am interested being paid in bottletops.

Sky News report dated 10 June: 'Wood and Sidara are aiming to get a binding transaction agreed by 30 June, when a waiver of Wood's lending covenants is due to expire, according to industry insiders. A public statement is likely to be made on Thursday.'

Will it happen sometime today, Thursday...? Tick, tok...but don't hold your breath!

@Icecool 'What if the accounts aren’t that bad? 🤔🤔We know you don’t want to see them… 🤣👍🙄👀'

Let's all hope the Wood accounts are not bad. Let's hope the Deloite review with its warnings were waaayyy off the mark. Let's hope...

@Remoor 'JOKer had a quiet period but he's back in full rhetoric. The same post, over and over again.'

Oh, I forgot you were even here...not sure who JOKer is but have you seen Icecool's same posts, over and over again?! Lol

'bvcx70 'I genuinely can’t wait for tomorrow’s episode. That’s all for tonight folks'

Same Bat time, same Bat channel!

@Gurkainvestor 'the latest Rns also says ‘the Board would consider the merits of the Company being paid in, and keeping in treasury, Bitcoin and, potentially, other mainstream cryptocurrencies.’

I trust the Zephyr board will drop any ideas of payment in 'Mickey Mouse' cryptocurrencies forthwith. If they choose to play these types of games with Zephyr's investors/shareholders then they have lost the plot completely and I am out! Cash is king, period.

If CH and co would like to accept 'alternative currencies' as payment: then I would like buy all of Zephyr for $2 billion in cash...in Monopoly money! Deal done!

@Icecool 'You keep writing essays to justify 35p'

What? Essays on this Wood siscussion board? You haven't seen my diary notes on finance applications! Lol

@Icecool 'You’ve convinced yourself Wood must sell because you want them to'

Er, no I am simply reading Wood's own RNS statements, which keep repeating Wood's BOD are 'minded to recommend' Sidara's offer to shareholders. If Wood do not want to sell, then all they have to do is refuse any request by Sidara's to extend their time at the Wood negotiating table by 5pm 30 June. It is easy enough for Wood to do that and issue an RNS to that affect. But Wood will not do that as their hands are tied as Wood's lenders need a substantial injection of cash (hence Sidara's informal offer of $450M) to strengthen Wood's financial situation prior to Wood's lenders' consideration and approval of debt renewals.

@Icecool 'The truth is, we don’t officially know what the current stance of the board is.'

The truth is, we do: It's all in Wood's RNS statements that date back to a few months now. Wood is 'minded to recommend' Sidara's informal offer...Wood is working with Sidara to meet pre-conditions...Wood is working with Sidara (jointly) and Wood's lenders about refinancing its debt ahead of a majority of loans maturing in October 2026 etc.

Icecool you wanted the Wood BOD voted out as you do not agree with them. However, even with a very, very low turn-out, all of Woods BOD were re-elected by decent margins...it was not even close.

For me, I am happy if Wood is sold to Sidara or anyone else for a decent price. As mentioned before (many times), Deloitee's have alluded to material writedowns on Wood's accounts. If Deloitte is right, 35p may not happen. With the Wood current share price at a lowly 18p, Sidara (with no other bidders in sight) may offer 25p per share to shareholders, and increase the $450M to Wood in order to keep Wood's lenders happy. In summary, the revised Wood accounts - if bad - could be the downfall of a decent offer for shareholders. In which case, the only real winners (other tha Wood shareholders who were brave enough to buy in at 18-20p) will be Sidara and Wood's lenders.

As Wood shreaholders, it's not what we want to hear, but it could very well happen. Be prepared.

@Gurkhainvestor If CH seriously looks at Bitcoin then that is a red flag. I think/hope commonsense will prevail, and CH will confirm Bitcoin is off the table in due course.

@Icecool 'Until then, stop pretending indecision equals desperation. It just means the board’s still hiding.'

The reality is that the Wood BOD's hands are tied, and all they can to is recommend Sidara's offer to shareholders. Right now, Wood is in the middle of a perfect storm.

BTW The Wood BOD are not 'in hiding'...in fact quite the opposite, a few of them have/are jumping ship!

@theinnocent 'Maybe they did'

Maybe who did what when?

@Icecool 'If they were confident in the numbers good or bad, they’d either shut Sidara down or lock in the bid.'

Wood cannot shut 1. Sidara down or, 2. make Sidara lock in the bid.

1. Wood cannot shut Sidara down. Wood has a poor balance sheet (about to be worse after the writedowns as per the Deloitee review) and is cashflow negative. Wood needs Sidara's bid in order to shore up its balance sheet and provide liquidity. Only then will Wood's lenders look at providing renewal debt facilities. This is a three-horse show - Wood, Sidara, Wood's lenders. All other factors are simply background noise.

2. Sidara is the buyer - in general they make the terms. Sidara will lock in their bid as as when they (not Wood) choose.

@Icecool It is the same question - not loaded, not chess...just the same question that everyone wants answered.

It seemed to me that when Wood first announced Sidara's interest (due to a newspaper leak), Wood did not use the term 'unsolicited' as they had clearly done in the past. Translation: Wood (or someone connected to Wood EG a key institutional investor) asked Sidara to take another look and 'express interest'. One thing is for sure, Wood could have said, 'Go away' but did not...instead, one extention rolls into the next. Wood's RNS statements have been very consistent that they are 'minded to recommend' Sidara's offer.

PS. I don't know the details behind the pay rises...it could be that Wood was contractually obliged to approve the pay rises. Par for the course.

Hopefully Bitcoin is a 'red herring'...just a throw away comment. I have no intention of staying invested in Zephyr if it intends to trade in any way in Bitcoin. That to me is a serious red flag. Bitcoin aka Bullcoin. Cash is King. Period.

@Banburyboy. It comes down to one simple question:

Is Zephyr as a company better off before or after said capital raise, acquisition (with cashflow of $4M per year minimum and potential for more), investment, strengthening of balance sheet and cash in bank?

For me, the capital raise was needed and the acquisition and cash position makes Zephyr better off...and by default shareholders better off. Given time (3-6 months) the shareholders will start to see value in terms of share price increase.

In the meantime, take a look at Turner Pope Investment's summary of the Zephyr play yesterday:

https://mcusercontent.com/d9ebd7c1aa0f3dbc5fab42eca/files/deb42774-9f33-6e58-53ed-060c8fd40437/ZephyrEnergyplc_ResearchUpdate_25June2025__FINAL_BG.pdf