Member Info for jedclampit

You have said it, it's a Grand Mall (a shopping centre) for retail shops etc and not an industrial site where they would use gas.
It's being built owned by Actis who own eneo who haven't paid vog for months.
Maybe that's why they haven't paid vog for months it's because all their cash is tied up in this project and it's unlikely to change. So I can see NO benefit for vog here only more pain.

OK you Deadly duo it's about time you came clean and told us your motive.
You say you don't / haven't worked for cwd but maybe someone in your close family has and that's why you are so negative about cwd thinking you can do them some harm etc and get your own back. Or maybe you have lost money big time in the past as you no longer hold any stock now. Or is it that you want to save the world and all shareholders from losing money. Just what is your motive here.

That you keep going to all this trouble to prove other people have had some misfortune and possibly lost money regarding some shares, it does sound like you are getting great joy/ pleasure at other peoples positions.
If you cannot find anything positive to say about cwd at the moment maybe you are better off NOT posting, but you must remember some /many have now seen cwd as a good time to buy for recovery and that's why we have seen 3-4 big buys of millions of shares over the last few weeks.

So now the truth is out , could it be that both of you once worked for cwd and even possibly both at the same time and that's why you both come on here supporting each other almost word for word.???????

Whatprice you might be correct. I just posted the full reply.

Thank-you for your enquiry.

As you say, it is that, it is not that we are closing the Greene & Co brand but rather that they are being renamed and integrated with the Hamptons business as we believe that gives us a greater footprint of the Hamptons brand.

Best regards

Thank you for your post about this article, over the last 6 - 12 months you have been so negative about cwd I suggested that you once worked for them and been sacked or something similar and that was your reason for all this negativity but you said that was all rubbish.
Well now you have just admitted that you did work for them so now I understand , but it would have been better if you had said that first.
Now yesterday we saw 2 big buys , 1 for 7+m and 1 for 10m and a week or so ago we also saw another 6-8m share buy, so could these re related to the press article the other week about someone making a takeover offer. As I understand it , if a stakeholder builds a stake over 3% and it is outside the uk they don't have to issue an rns. If that's the case someone could have already built up a holding of 10-20% and we wouldn't know it yet. just a thought.

Thank you Gent for your post although it was what I was expecting only about 2 hrs latter than I expected.
like Sain you give the impression that you want cwd to go bust regardless what they are doing to save the business. I on the other hand would like them to save the business and cut costs.

Sain , sorry but I see this different from you.
CWD must have all the numbers / facts relating to these 2 trading names,
So based on that info and proof in facts they have these 2 businesses, 1 trading as Greens and 1 as Hamptons but Hamptons in their eyes must have a much better image and more turnover and profit than Greens so they change the Greens name to Hamptons to improve their overall business.
But are you saying without any proof and numbers to back that up that Green‘s image / turnover and profit is better than Hamptons so they change the name of greens to Hamptons to lose more money.
Now without the factual information needed you have already decided that they have made the wrong move.
I am keeping an open mind that they have a good idea of what they are doing, and it might be a better proposition. But we won’t know that until year end.

Today of 7ml +, that all helps and shows some confidence.

OK thanks, but they are NOT closing the Green & Co sites down they are just changing the trading names and as all the customers that have already signed up to sell their houses will stay with them I guess, but at the same time cutting costs where possible.
Now that could be good or long term bad, who knows at this stage.

So is this the second or third time you have just copy and pasted the int results to high-light just how bad things are getting with the cash position. I think many / most can see they are almost at the stage of running out of money and will need to raise even more or go bust.

Sain you are still doing it again stop going over the past, 1 -2 years ago the bod’s made decisions which they thought were right at the times and in hind-sight some were wrong but now they have made a decision to move forward and all your ranting isn’t going to make the slightest bit of difference.
You don’t agree with anything cwd are doing so what, things have moved on you just have to adjust to it even though you’re not invested in cwd.
Please try to find something positive to post.

And I expect Gent to be posting you a back up post within the next 30 mins.

Goodness sain give it a rest, you seem to be stuck in the good old days when everything was coming up roses.
The fact is markets change over time many companies make some mistakes about the way forward which turn out to be wrong, but whats the point on keep harping back on what cwd spent and what they did.
Markets and conditions have moved on so should you from this constant ranting about the way things were in cwd. hopefuly now cwd are making some better moves to improve their position and the sp will start moving back up, because didn't the bod's say things will be much better in the second half with more improvements etc.
So instead of just posting negative info what about the positive moves/ action this could have with cwd results in the next rns.
Please stop trying to find all the negative press info you can and posting on here because it makes no difference to the people that have invested and are looking for the postion to change for the better.

It's interesting that today shore Cap have come in with their price target, but have declined in actually putting any price at all. so is that 0 or below 0, Now that shows confidence.

The renewal of the ENEO gas sales agreement has resulted in increased revenues, and a return to positive operating cashflow for the Company prior to working capital adjustments. However, collections have been outside of agreed payment terms. I can report that the parties are in dialogue and working closely to resolve the situation. This is a position which the Board is watching closely.
Does that mean that vog will have to raise even more money to stay afloat?

GDC has ceased to make payments to Cameroon Holdings Limited ("CHL") under the Royalty Agreement. As a result, in June 2019, CHL commenced proceedings against both GDC and the Company with regard to payments CHL believes it is entitled to under the Royalty Agreement including potential damages. The Company proposes to vigorously defend such claim and is currently preparing its defense. There is no definitive timetable for such litigation proceedings. The Company has not accrued for CHL royalties during H1 19 and has fully impaired this investment, resulting in an impairment charge of $5.6 million during H1 19. In the event that the legal proceedings result in GDC being obliged to continue paying royalty payments, the Group's liability at 30 June 2019 would be $1.7 million, less an anticipated dividend from CHL amounting to $0.6 million.



Going Concern

The Directors have given careful consideration to the appropriateness of the going concern basis in the preparation of the unaudited interim condensed consolidated financial statements. Further details of our current financial position and uncertainties which may affect the Company's ability to continue operating as a going concern are to be found in the Financial Review and in Note 3 of the unaudited interim condensed consolidated financial statements set out below.

INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2019



Victoria Oil & Gas Plc, the integrated natural gas producing utility, today announces its unaudited interim results for the six months ended 30 June 2019.





Operational Highlights

· Average daily Logbaba field gross production rate increased by 190% to 9.9mmscfd (six months to 30 June 2018: 3.4mmscfd)

· 1,785mmscf of gross gas sold from Logbaba (six months to 30 June 2018: 650mmscf)

· Gas consumption by grid power customer ENEO Cameroon SA ("ENEO"), throughout the period

· Two additional industrial customers consumed gas during the period (with a further two commissioned post period)

· 18% increase in industrial customer gas consumption for thermal use compared to H1 18

· 61% increase in industrial customer gas for power usage compared to H1 18

· International Organization for Standardization compliance ("ISO") 9001, 14001 & 45001 audits successfully completed, emphasising the Company's commitment to international standards in its management systems



Financial Highlights

· $10.7 million Revenue (six months to 30 June 2018: $5.0 million)

· $3.7 million Adjusted EBITDA (six months to 30 June 2018: $0.03 million)

· $4.2 million cash generated from operating activities prior to movements in working capital (six months to 30 June 2018: utilised cash of $1.3 million)

· $5.9 million Net Debt position (at 31 December 2018: $17.4 million)



Corporate Highlights

· The Company raised $17.0 million net proceeds via a fundraise on 4 April 2019 to strengthen the Company's financial position and provide a stable growth platform for the business

· Completion of board changes effective 3 April 2019:

Ø Kevin Foo stepped down as Director and Executive Chairman

Ø Roger Kennedy assumed the role of Executive Chairman.

Ø Appointment of John Daniel and John Knight as Independent Non-Executive Directors



Subsequent Events

· GDC signed a non-binding term sheet with Aksa Enerji Uretim A.S. ("Aksa Energy") to supply Aksa Energy with up to 25mmscfd of gas to Aksa Energy's planned 150MW power station

· John Bryant resigned as Independent Non-Executive Director on 8 July 2019

· Retrieval of the tool string on the La-108 remediation programme, which is ongoing



This announcement contains inside information.

Goodness me has it already been 5 years since the Gores group bought 51% of Hovis.
Going by the latest info it looks like Gores have almost turned this business around from some £40m loss to only £4m ish .
Am I correct in thinking there was some agreement between the 2 that Gores could buy PFD out completely after 5 years, well that now looks like it could happen.