Member Info for Jim800

You can find the most highly paid director and they said they did get some performance related pay but wouldn't discuss it.

It was very much that we benchmark against companies with similar market caps (despite the fact that EQT's has fallen from £100Mn at the benchmark to a 5th of that) and we can all earn loads more with our success strewn CVs (OK, I made the last bit up)!

If it gets us CLNs at zero interest and exposes us to more investors I'd say its got to be a good thing.

Will likely end in more dilution though - but hey half of something is better then all of nearly nothing.

TTA - I run a safety consultancy company and charge out at £600 per day plus VAT.

I don't mind saying and you're not paying my wages!

Anyone I contract for wants to know exactly how much they're paying me or sub-contractors - understandably.

Interestingly, I'm just watching VLS Investor Presentation - almost exactly the same avoidance by BoD as their share price tanks.

Inappropriate to discuss directors' pay. Nicely condescending!

We can't tell you who or when but there are loads of people waiting to invest! Optimistic and barely credible.

Ah Bechtel a partner - although as we're paying them for design and construction surely they're only a sub-contractor until they put some money in (or work for nothing).

Still claiming BA and Southwest as Tier 1 partners.

Think we all know there will be a massive market for SAF - we want to know what VLS are doing to make us part of this.

Bbrink - that was posted early AM 30th June so if you're after any response go back a few days.

The Company’s view of shareholders was clear from the AGM. The BoD all thought they were doing a great job, worth more than they were getting paid and could all walk away and get a more highly paid job tomorrow!

Refusal to answer direct questions on salary was condescending and arrogant, even disingenuous when they all knew the LTIP that was going to drop 2 days later.

With very few shares in their direct ownership doubt they’d even have much incentive to fight for a decent takeover price should an offer be made.

Defeat snatched from the jaws of victory.

I think you’re onto something with the hypnotist.

He could persuade all BoD members that a salary of £1 and some share options at 10p is a good idea.

He could do all the investment seminars.

Could get us cheap loans.

Why don’t all companies have a hypnotist on the Board????

Doubt we'll ever get the full strategy but it seems they aren't just buying to get back shares below a certain price (in £ or $).

Looks more like buying to maintain an upward share price movement. If it stalls or falls buy in and if it's moving upwards hold off for a while and let the market do it's thing.

Nth, thanks for that.

Their view seems to match the views of most of us investors that all is going well but SP temporarily reflects a lack of understanding of business model, accounts and the strategic decisions of some funds to exit oil, gas and tobacco stocks.

Averaging down seems to be the right move for DEC believers at present.

VH. So you’re saying we should stop being factual and just view everything through your rose tinted glasses?

Andii tried that for years - didn’t pan out so well.

Highlighting EQT mistakes and errors might eventually lead to a better company, blind optimism will just perpetuate the situation.

Bu all means live in ignorance but don’t encourage others to join you.

For those who listened closely at the AGM, one board member, when pushed, said the company should be profitable in 2 years (no-one ever mentioned one) assuming finance and macro economics were in our favour.

Lots of comments on here subject to very optimistic interpretation of very optimistic messaging from EQT.

It might be a good story but not for a few years yet.

The divestment also sheds 200 ish wells that DEC won’t need to cap. So for those worried about future capping costs yet another plus.

Rusty understands this business better than most.

Assuming everything is still going ahead iaw the DEC strategy all they can do is keep up the news flow.

Provide forward dividend guidance (even just to confirm next few quarterlies will be the same.

Update on reserves perhaps.

Update on daily production and likely half yearly sales volumes.

Update on capping rates and costs.

Good comms with big investors (as per today’s NU event).

Personally I’d rather they didn’t do buybacks but doing it at this price better than at above £1.

Unless we’re all missing something the market isn’t! Hopefully not.

They’d have had a much easier time at AGM if they’d managed to release RNS yesterday morning. Wonder what changed in last 24 hours.

Great news though, especially if refinance follows quickly.

Can’t argue with your logic. Let’s just hope the rest of the market see it the same and pile in.

No signs of that yet though. We need a news “leak.”

Not sure how a non Italian speaker can conduct exit interviews on leaving personnel to establish their reasons for leaving! Also not sure personnel would be leaving because the equipment they are going to run is temporarily not available. Sit and watch rectification on full pay sounds like a much better option to me.

Several buys below £5 this morning - Directors topping up following yesterday's criticism perhaps?

C909 - I think they have finally got that point and are employing an agency to enhance their social media presence / news flow.

They just need some good news to promulgate now. But it needs to be actual news, not just unnamed banks, partners who don’t spend any money, missed deadlines or optimistic speculation.

Fingers crossed!