RE: LEKOIL...23 Aug 2019 10:57
Trellis,
The whole strategy has been botched. You only have to look at past videos to see that their so-called strategy has shifted and changed and then swapped again based on the results at the drill bit. In short, Parsons has gambled on their being commercial gas and his job was to keep us mug punters keen. What he didn't count on was there being no or little success and it was hardly ever discussed. In fact, if you look at any of the past videos, there is nobody challenging him at all about the "what if the well is a failure" and "what's our fallback position if x,y,z fails". One exception is at The BB event where that private investor chap with a Liverpudlian accent asked some questions in a direct fashion and didn't really get the answers he was lookin for. The auditoriums were in the most part full of eager disciples clutching on to his every word and too timid really to put him on the spot. The cagey looks from his BOD as they sat there, touching their noses and scanning the audience as they filled their pockets with even more of our hard earned money. You could see the look of disbelief in their eyes at some of the ridiculous predictions were being made. People may think we've heard the last of Tom Winnifrith? He'll be back and next time his words will probably dent a few more egos. This BOD will not be able to secure a credible deal for us. They are going "long" and the more I think of it, the more we are all being strung along in a relationship that we're gagging to exit. JP will slip away hoping that nobody has noticed and he'll leave JJ in charge to pick-up the pieces when the share price is languishing at 4p. It's a complete and utter joke. I don't trust Parsons et al one bit and I have woken up again today still adamant that he won't get the pleasure of shaking my hand again. My offer of farts in a bottle, hand delivered to Sevenoaks still remains should they need a few extra BCF's. I'm off to consult a bottle of Merlot to kickstart the day. I make no apologies for my grumpiness. I feel let down and cheated.