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I think given the battle he has had against the SHG - he's done well this last year to keep momentum, get the S deal and push on. Let's get the drills done and see where we are. He will have learnt a lot of the last 18 months
Quite a bit of effort gone into that drilling update video.
Pulling out all the stops to turn this whole show positive.
It's exactly what a modern day company in the social world we now live in needs to do - like it.
Thanks AJW
So the BoD have been battling with this for a long while - so when PH bought his shares he was fully aware the concert party were doing their utmost to cause issues and had been for some time. Truth is the concert party could probably swallow Block up and I am suprised they haven't.
I re-read the notice of GM and it stinks to high heaven what the concert party have been up to - years of probing the board, the board having to get legal advice to be careful not to overstep the mark and give information they shouldn't. The board should have been clear what was going on 2 years ago - that way other investors like myself would have known there were rats in our nest.
The resolutions have been proposed by G.P. (Jersey) Limited, one of a group of Shareholders who have
been in regular contact with the Board over an extended period of time.. We believe this shareholder group
(the “Shareholder Group”) holds a combined minority interest of approximately 17% of the Company’s
shares (as at 16 July 2021).
Over the past three years, the Board has received numerous approaches by various members of the
Shareholder Group and has responded positively to their requests.
Throughout the engagements with the Shareholder Group, the Company’s directors had to take care they
did not divulge market and commercially sensitive information, which would have placed the Shareholder
6
Group in an advantageous position compared with other Shareholders. The Board also resisted the
Shareholder Group’s proposal to appoint a member of the Shareholder Group as a director of the Company,
subsequently preferring to engage a specialist recruitment firm to provide a list of candidates from which the
two independent non-executive directors were chosen with the aforementioned member’s participation.
After these efforts to cooperate with the Shareholder Group, particularly their demands for participation in
the share placing and the appointment of two new non-executive directors, both met as recently as December
2020, it was a surprise that two months later they demanded the resignation of Paul Haywood, the CEO, as
integration of the ex-Schlumberger staff and assets were in full swing and the preparations for drilling had
begun. The Shareholder Group complained that the Company’s share price had dipped below the most
recent placing price, but did not offer an alternative strategy. It was, therefore, difficult to understand what
they wanted at that time.
It could come in tomorrow - it could come in 3 weeks time - I am patient enough to wait for the stock to re-rate. to 10p+
And surely the CEO has been working out funding scope over the last 12 months - but then again - as soon as the license is given everyone's eyebrows will raise to the prospects at hand.
Geowiz - you are a constant irritation with your nonsense. How many oil/gas companies on AIM are not profitable but worth xX what we are here. You are too obvious with your deramping. I've also noticed Malcy has gone quiet on Block
Was expecting an RNS or this is so leaky that we have 2 trading days with upward momentum until an RNS on Monday....I very much doubt it though. Although with so many employees and contractors with shares any good news with filter places.