Member Info for Maybesyes

Just watched Andy's presentation? Back of a fag packet stuff no real handle on cost's what a surprise, if the BOD had any real money in this game would things be different? The only sweet spot I can see is how many suckers buy into this pon--scheme and keep the life- style express on the track! Time as they say will tell.

I'm sure the current BOD's would like to thing that, but in reality the remaining 75% of shareholders are now taking a real interest in the mismanagement of this company, with a view to ring fencing the few valuable assets remaining.

Frankly I believe that the best interests of the remaining 75% of shareholders are not best served by these entities.

Correct, quite simple really.

Genuine shareholder 's unite call a EGM and remove these clown' s before they seriously damage your wealth!!!

For anyone that wondered why the BOD's wanted to Consolidate the share Issue at the recent AGM take a quick look at the future. Check out Ascent Resources (AST) and 88 Energy (88E).

Under this current BOD's this company has lost to date around $30m of share holders money, its has 3.5 billion shares currently in Issue and various warrants, it has never in its history recorded a net profit or is likely too, even in the current high oil price environment, meaning that further share holder dilution is highly likely moving forward. Therefore in my opinion current shareholders need to ring fence the only valuable assets the company currently has, namely Amadeus Basin before our current finance source requires security prior to supplying further investment when required.

As Aim is not a UK Regulated market, Aim Admission documents are not preveted by the exchange if however the admission document was also linked to a prospectus it would require to be under the prospectus directive. Time for another look at this current BOD's true motives behind their funding arrangement's

Time for a group of shareholders to request an EGM in order to protect their hard earned investment from this Lifestyle company directors?

Your spot on, that’s why as soon as the bond holders are paid in full and suitable replacements are ready waiting in the wings, all shareholders must support CA ref seeking a EGM.

Full disclosure of Maris and Chaffe's action's prior to the High Court judgement needs to be investigated ASAP.

I intend to wait for the outcome of the AGM prior to putting forward my suggestion 's I can confirm however that I currently can see no real advantage in trying to manage effectively assets in America by Directors based in Australia where I firmly believe we should be concentrating all our efforts in this regard.

The required Profit and Loss Accounts are for the period July /Dec 2021, end of year account's show up to June 2021,because it doesn't matter how much our production increase's if our cost base isn't controlled our net profit will not show the step change required to fund future project's, that is the Issue here. I'm afraid to date the Directors have being overpaying themselves for abject failure hence the requirement for their replacement ASAP.

So we now have six months production figures however we have to date not been presented with six months profit and loss account's for the that period prior to the AGM, I wonder why???

Sorry if my observations offend, I did ask for the latest profit and loss accounts for the latest six month period unfortunately still waiting. However I acknowledge that we have taken stakes in various well's but after costs and expenses we have yet to turn a profit! My point being if we cannot show a nett profit on our sales at the current oil price then there is something seriously wrong with our cost base. Hence the requirement of a revised accessment of our current management structure.

Time running out so make your vote count, has anyone actually considered how little cash Mr Barr has invested to date?

Totally agree this company is run for the benefit of underperforming overpaid individuals who are only interested in persevering there lifestyle to the detriment of hardworking shareholders interests. Things need to and can change just take a look at how removing the Hurricane Oil board just a few months ago saved shareholders cash, and is now likely to repay their initial investment handsomely. However it requires your vote at the up coming AGM take the direct of this company back into your hands!

To allow shareholders make an informed decision on your current performance prior to the AGM the following.
Cash position as at 31st December 2021.
Production figure's as at 31st December 2021.
Profit and Loss Accounts as at 31st December 2021.
Failure to do so will speak volumes.

Spot on. We now require detailed profit and loss accounts for the last six months and confirmation of our free cash position before the AGM.

It’s time for shareholders to take action to protect the only real assets this company has the Australian ones, before there frittered away by this current BOD’s for the benefit of everyone except the people who put funds in.