Member Info for K3VMC

How nice to have yet another photo update of LP progress today. I understand that it would be pointless to memorialise and publish photos of every nut that is tightened at LP, but good to get the occasional photo.

I trust this team to deliver a top class product.

Another day closer.

Do you have a safe place you can go to?

Tungder.

Has to be tungder!!

RiskReepReward “this will be 5p today by close..”

I sincerely hope no-one sold because of trolls.

In La Parrilla and in Hertfordshire.

Nice to be reminded that the construction is proceeding as planned.

Not that I doubted that for one second.

Trolls. Just have to love them!

gkb47

Here is what is happening, per Lucan’s First RNS.

1. deliver the well test on the Balcombe Field Discovery as was reported in RNS dated 2 October 2018;

2. continue with the Brockham well test that is currently ongoing - an update will be provided in due course;

3. continue production at Lidsey at the currently achievable rates of 20-40 bopd whilst investigating feasible ways to improve well performance on this field.

If the results of the Brockham flow tests were available, he would have a duty to report them. In the absence of those results, what do you expect him to say, as an alternative? “Things are looking bad/ok/good/great” is not an option, as it would only be an opinion. The only thing that counts at Brockham is the result of the flow test. My opinion is that it will be early next week, but that is only my opinion. I am happy to wait longer.

jaffas, no need for agression.

Scallywag called 2p, you called 1p. Very difficult for a bulletin board reader to know which opinion is tongue in cheek, don’t you think?

Anyway, I have nothing to get over. The oil either flow, or it doesn’t. That was the case before Vonk “walked” and is the case now. I knew that when I made my previous buys and I know that now.

Buying high and selling low is not a recommended investment strategy, so I will add to my holding gradually.

ATB

jaffas

“Maybe he was unlucky then, if the well had reacted has he we would of liked in the time scale,,, he would of got the votes,, We've all lost that one we are where we are,, SP Dismal,, PS if this doesn't flow in next few weeks we are going to a penny,,”

So he walked because the oil didn’t flow? You think he would have won the vote if flow tests had been completed?Makes little sense to me.

1p you say? I will note that down next to scallywag’s 2p.

Chambers, I respect that viewpoint.

We all have our own risk reward profiles.

Ok jaffas. I didn’t see any guns at all.

Ask yourself why he was not prepared to face a vote.

My answer is that he knew he was going to lose it. If you can come up with a better or simpler answer, I will be happy to hear it.

Jaffas, do you think he had a choice?

Post as much as you like!!!!

All views welcomed.

2p it is then. When that comes, we can all thank you for your insight.

Really? Maybe PIs would be better off using their brains than their nerves.

Buy high sell low is not a great investment strategy. I think my “nerves of steel “ can manage a few days wait for flow results. That is what ANGS has been waiting for. The boardroom spat is over. Transparency and good corporate governance promised for the very near future.

Wouldn’t that be nice!

Well done Birdseye!

If you are up 300%, why not treat yourself to a Caribbean cruise and enjoy the profits? Must be more fun than trolling the board of a stock you dislike, surely?

I’m not desperate and I don’t need a “magic” RNS.

I will be happy with an update on flow rates. You really think that will not happen, after a few days? Obviously, they have to have a respectful gap between today’s RNS and the flow rate RNS. They would not want anyone to think that they could have informed us about flow rates today, but chos not to.

Risk and reward. Don’t like? Don’t buy! Simples.

You might have to wait until friends and family stop buying.

The boardroom games have nothing to do with getting the oil out of the ground.

Vonk has gone without a fight because there was no fight. Tidswell would not have called for Vonk’s head without having the required votes to remove it by force. Exactly the same reason why flow testing has not been affected. Major shareholders dislike funding arrangements that are made on terms unfavourable to them. They were not going to let him do it again.

All imho, of course.

As a lowly PI, I thought the latest financing was a complete farce, but that is the kind of shafting lowly PIs have been accustomed to on AIM. Financial institutions probably detested it even more than I did. The only difference is they have the means to kick the bejebus out of anyone and everyone responsible.

Goodbye Mr Vonk. I look forward to a desperately needed improvement in corporate governance.