Member Info for jester16

I wonder if we see our market cap at least...

Why didn't they just merge with seplat.....Or gave them more time to make a decent offer...

Soon changed is tune once he knew the outcome of the vote they have had at least 15 days to muster over what is the best outcome for ad hoc chappies. Read the interim statement from 29th of may its taken production was ok then 5 new wells one mega one. 8 weeks later admin. Everyone voted on plan a or plan b, plan b was the no vote have we been deceived because plan b was really administration.... something seriously stinks alavarez and marshal turnaround specialists yeah right i wouldn't pay me £1.5 mill aweek its a no wonder we've gone into admin. Should of took a leaf out of lehmann brothers book and steered fck in well clear....

But lose everything. Ad hoc m8s rates can come in at the last minute and steal the lot.

Before restructuring. Its like you invest another $300 mill and we'll put it into admin it was all part of the plan....oh i forgot you can short it as well because they know the outcome... westhouse securities 2p mths before it got to 2p remember. ...

What gives them the right to all the assets...

Would be nice to find out who they were and if they had links to ad hoc and afren......

Why they couldn't come to a deal and defer payments until oil recovers? When they say all avenues have been exhausted do you believe them... because i don't for one have they tried a placement no because they wanted out of shareholder ownership and that is disgraceful.

Yes m8 it was its the only share i have that will hopefully pull me out of you know what....

Licence to kill a company from printed credit....

Saudis/OPEC hinting they may start to reduce production and hike the oil price after September, and that probably means about mid November after they have some real numbers re US shale oil bankruptcies due October/November when a lot of the bank lines of credit expire re cowboy shale drillers. Fed has indicated maximum 60% finance plus oil price of $45 only so an awful lot of shale drillers can't live with that and will go bust leaving Saudi/OPEC to start cutting slowly. That is more likely also as Putin seems to be talking to the Saudis & Obama at last as Russia is hurting at these prices

You said have a great weekend then end it GLOOMY friggin ell can it get any worse.....

Alvarez & Marsal (A&M) is a global professional services firm notable for its work in turnaround management and performance improvement of a number of large, high profile businesses both in the USA and internationally such as Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate bakeries, and Arthur Andersen.[1]

You watch see if seplat come back to purchase the assets for next to nothing. Why didn't they just merge when they talked about it.

Do you think £20 mill after giving so much they give up. I'm not buying that for a second . Why not present the shortfall to shareholders what is up with that?

They have seen the vote that is obvious same way the bod jumped ship. And haven't we spent the bh money... this collapse is by design plain and simple doesn't matter if yes or no won, yes vote they would of took it private anyhow taking another £45 mill shareholder money with them just to rub us up this is why we were capped at what we could purchase. If the authorities don't look at what happened to afren you know who their 0aymasters are.

This as been taken hold of by the scum of the banking world who will not let it go hence why we are where we are. Who benefits from admin the banks asset strippers. Shareholders could of saved afren numerous times why wasn't this allowed to happen. We need to ask toby hayward and alan linn and see what sought of answers they come up with hopefully under a polygraph test.

The shorters will be part of ad hoc its gone into admin to protect them same reason why we was suspended this is why most European countries have outlawed this sought of dealing because all it does is destroy the company but the same shorters ie banks benefit again because they are mostly the creditors.

Seplat shown interest when the shareprice was much higher.

We need to keep an eye on any updates with regards any of our assets. To see if they are potentially worth more than afren are actually stating ie barda rash 200 mbls. Some company buys it and the next thing you know theres a magical 1300mbl as previous cpr. I for one don't believe the cpr of barda rash because it wasn't taken across all formations. It was done for maximum effect.