Member Info for MikeGP

Afternoon Malcolm. Yes,.. a bit gutted that I can't go,.... my lady's 50th,.... I will be sipping a cocktail on the terrace of a s****y hotel in Seville! Unless they sign the enact the Contract before hand,...in which case I may have to do a little tap dancing!!! Best

Joe, No we weren't rushed out of the door last time. In fact PF had quite a gaggle around him post meeting etc., You seem to have plenty of concerns though,.. why don't you go this time,.. I think many of us would be quite interested to hear how they would respond and cope with a grilling by you. Seriously,..you should go.

lbg, Morning. Unfortunately I am out of the country on the day of the AGM,.... really annoyed as I wanted to go.... met up with a nice group of fellow investors last time and it would have been good to catch up. Agreed.... needs to be some holding to account; albeit, it won't achieve anything,.. just allows a bit of venting. Really need to be looking forward now,.. not back,... as there appears to be plenty going on. Best

... by lending the company their own money, .. __ ..err,.. and just how does that work? You mean... they put the money in the company by way of a personal loan? i.e. requiring a legal agreement and an announcement to the other shareholders via an RNS? Or are you suggesting they say,.. hey dad,.. here's �250k,... hopefully that helps keep the lights on for a while,.. and if we make it big,.. can you give me some free shares? Do you seriously believe that could happen, or that the individuals concerned have enough spare cash to put money in to the company on the basis that in the future they MAY get some "free" shares??? And exactly how "free" are the options? ..oh yes.... they aren't free at all,... they cost 13p,... oh... and at what price could you buy shares at the moment.. oh 13p. Whilst I hope that every one invested here makes money,..especially the LTH's.... Sometimes I do wonder........ Best.

Joe,... how would you vote on that question?

.. yourself,...why do you think that PF and the Remuneration Committee spread out the "Options" to all of the company employees,,... and why have they done this now? IMHO,... they have done it to ensure that all of the staff get some "reward" for sticking with the company through what we know all to well has been a difficult and painful period.,... and why now? The AGM is in circa 4 weeks. Pretty sure they would like it done by then? As the EU, Russia, China, India,.. and pretty much everyone else seemingly condemn the US action and don't appear to be deserting IRAN,.. I wouldn't be at all surprised if the exchange of letters, which will enable the contract,... may well happen sooner rather than later. There is some very interesting "business" management strategies that could be mused over here. The BoD have a duty to manage the company in a fit and proper manner,.... not taking un-necessary risks etc., etc., due diligence, etc., etc., Hence the immediate RNS post Trump tantrum and putting the contract on hold. Sensible, cautious, responsible. However,... what if they were to throw that risk over to the shareholders,.. call an EGM,.... and table a motion,.. i.e. a vote... as to whether the shareholders want to proceed with the contract regardless of the potential political issues and consequences? Hmmm,... how would you vote? Sign the contract and let's get going... or too risky,.. wait and see?? Best

Hb, AGM date is shown as 26th June on the Financial Diary here,... but I don't remember seeing that confirmed by RNS by the company. Hopefully it is the week before or after as I can't make that week!! Best

..think that we have reached, or very near to the bottom? 0.7tcf mid-case confirmed by CPR Say 40% recovery= 0.28tcf �1.50/tcf to Sound= �1.50 x 0.28tcf= 42p/share. Can't see this going much lower IMHO and can see a decent re-rate coming in the relative short term once 1st CPR is out, the basin model updated, and TE-9 location confirmed and rig mobilised. Best

.....looks like overwhelming support from the rest of the world and the EU to keep trading and working with Iran, provided that they continue to abide by the Nuclear deal,.. which the IAEA , at present,..say they are doing. So,.. the $64,000 dollar question .... or more importantly the 24mill euro question,... is when will WSG be in a position to decide if they wish to proceed,... and the exchange of letters enacting the contract happen? Do we have to wait for any HMG confirmation(s), or financial re-jigging, i.e. perhaps related to a European Bank,... or can we at any time uni-laterally push ahead? Out of office this week,... but I will try and put these to PF tomorrow, unless anyone else cares to beat me to it? Best

http://www.consilium.europa.eu/en/meetings/fac/2018/05/28/ EU will continue to support the Iran nuclear deal despite US withdrawal Main results Iran The Foreign Affairs Council held a debate on Iran, in particular the Iran nuclear deal, the Joint Comprehensive Plan of Action (JCPOA), following the US withdrawal from the agreement as announced on 8 May. The debate followed up on the EU leaders' discussion in Sofia on 16 May, when they unanimously agreed that the EU will stay in the agreement as long as Iran remains fully committed to it, and gave the Commission a green light to be ready to act whenever European interests are affected. Ministers underlined the importance of preserving the JCPOA, which is key for the security of the region, and in turn, for Europe and beyond. They also welcomed the steps already taken by the European Commission to protect European companies who have engaged with Iran following the lifting of nuclear-related sanctions. They commended all efforts, notably those of the High Representative and the E3 foreign ministers (France, Germany, the UK) to ensure that Iran continues implementing the agreement, whose goal is to prevent the country from developing a nuclear weapon

http://powerbase.info/index.php/Patsy_Baker ----- https://www.linkedin.com/in/patsy-baker-011592b/

Real name Lady Patricia Lewis. https://www.youtube.com/watch?v=anngImh_G9I Should make the AGM more fun!-- JOKING!!!!!

https://www.thenational.ae/world/mena/eu-foreign-ministers-seek-to-keep-iran-nuclear-deal-alive-1.734801 European Union foreign ministers were seeking to protect the bloc's strategic and economic interests in Iran in the wake of the US withdrawal from the international nuclear deal. EU foreign policy chief Federica Mogherini said Monday that "nobody believes it is going to be an easy exercise but we are determined to do it." The US pulled out of the pact earlier this month and wants to impose tough sanctions on Iran, while European powers and Tehran say they are committed to keep working together to save the deal. Mogherini also stressed that the latest report of the International Atomic Energy Agency says that Iran continues to stay below the maximum level to which it can enrich uranium and appears to be fulfilling other obligations.

Joe, Not sure why you would say that 2018 is likely to be seem as a "barren" year. They have already signed the single largest tech contract that the company has ever signed? .. and at $4m it is more than double the whole of the tech divisions sales revenue for 2017. Likewise 2018 will be the first full trading year without the drain of the Ferry operation, which only transferred to the other operator in September 2017. That will help the 2018 accounts. In addition,.. you would surmise that most of the pre-contract expenditure on the M/E contract has also been spent,.. which will also be less of a drain in 2018. With Lunghi growth on-going, Turkish Airlines ( from memory are the latest to resume/start flights this May?).... the Managed Services continue to improve. Revenue associated with maintenance contracts are increasing as our tech sales increase,... and we appear to have won many more training contracts. With the CULN's kicked a max of 18months down the road, i.e. December 2019.... I think that 2018 will be seen as far from a barren year even without the M/E contract. Best

"The Joint Commission meeting provided the opportunity to address the unilateral withdrawal of the United States and its consequences, to discuss the way forward, and the continued implementation of the JCPOA with regard to nuclear and sanctions lifting-related commitments, as well as Procurement Channel matters and civil nuclear cooperation. Participants recalled their commitment to the continued, full and effective implementation of the JCPOA, in good faith and in a constructive atmosphere, and recognised that the lifting of nuclear-related sanctions allowing for the normalisation of trade and economic relations with Iran constitute essential parts of the JCPOA. Participants reviewed the potential impact of the re-imposition of US sanctions following a meeting of the Working Group on the Implementation of Sanctions-Lifting, which was convened the day before. In this regard, participants discussed common efforts with a view to practical solutions concerning the following issues within the next few weeks: maintaining and deepening economic relations with Iran; the continued sale of Iran's oil and gas condensate petroleum products and petrochemicals and related transfers; effective banking transactions with Iran; continued sea, land, air and rail transportation relations with Iran; the further provision of export credit and development of special purpose vehicles in financial banking, insurance and trade areas, with the aim of facilitating economic and financial cooperation, including by offering practical support for trade and investment; the further development and implementation of Memoranda of Understanding and contracts between third-countries companies and Iranian counterparts; further investments in Iran; the protection of economic operators and ensuring legal certainty; the further development of a transparent, rules-based business environment in Iran. These efforts are aimed at preserving the interests of businesses and investors engaged with Iran. Participants noted that economic operators pursuing legitimate business with Iran were acting in good faith based on commitments contained in the JCPOA and endorsed at the highest level, unanimously by a UN Security Council Resolution. " _____ https://www.rferl.org/a/iran-european-powers-meet-try-prevent-nuclear-deals-collapse-vienna-/29249842.html

...really? "I have taken a bow in front of the mirror in my pants :)" --- I was just about to start thinking about lunch and now I just feel sick. :)

Well put Eskers. If the AGM is the same as last year I am going to be out of the country,.. else I will definitely attend. It will be my pleasure to buy you a pint for all your sleuthing if you are around. Best

..having attended the Norwich due,... including a bit of time with JP and BM..... my take own the likely program of events is this... 1 Well location decision .. end of month i.e. in one week. 2 Finalised 1 st CPR within next fortnight 3 Updated basin model within next fortnight 4..then... in a few weeks,... BoT 5... followed by GSA 6 Spud TE-9 at circa end of July/Aug An exciting couple of months. Plus we have England being knocked out of the World Cup to look forward too.

This was discussed at the Norwich presentation. 1. Well location decision end of May. 2. ...then..8 week mobilisation. 3. Well spud end July/early Aug.

They have been able to add because they have been in a close period due to the negotiation of the contract,... which has clearly been long and drawn out. They stated at the last AGM that they would have liked to be able to add to their holdings ...