Member Info for mikemike

gus3000 Any reason why you post on a share that you have no interest in? What position do you hold with Noble that allows you to share their future strategic and technical planning? You mentioned without supporting evidence on Noble assets sales which you describe as 'dumping' any reason why you do not mention their future strategic plans, acquisitions and JV? A very odd post you have made

So you are a trader who bought off a tip, then you only have yourself to blame The minimum amount of chart research will have shown huge volatility. Why not do your own research, that way you can blame yourself

Another nothing post from a belly slitherer. Well past time you phoned a friend, yet again

''maybe the message I've been putting forward will finally get through Condescending prose of a fool My hopes are up and will stay that way because I choose not to belly slither with a whimper maybe the message I've been putting forward will finally get through to you, you count for nothing. Surprised if the annulment is rejected as there are 17 points for which but one is needed to be successful. My glass is always half full and eager for a top up

First off, It is nice to see this chat board up and running again. I suspect the risk is as high now as it was when ICSID ruled against Churchill as that position has yet to be reversed, and may not be. For me a took a gamble when 30 and bought 8000. Now I may spend the same and buy another 92,000. This will mean I will have gambled close to what I gambled on Oxus and lost. Perhaps the 'gods of coin toss fortune' will look more favourably this time. We just do not know what will happen . Yet with 17 points of order raised and one needed to be called good to win the annulment I think the odds may be in the favour of Churchill. Should the appeal win and a new hearing ordered. The questions that arise are many and I suspect DQ may not have all the answers. If for no other reason tan ICSID have thus far been pretty fast and loose with their own procedures. So I will just throw some thoughts out for no other reason that they may, or, may not be for consideration . 1/ Can DQ now raise the higher compensation claim that he would have preferred? 2/ Can the financial arrangements for Pala be regarded as a legitimate costs that Churchill may be able to full or part claim. After all if DQ wins the appeal it is quite clear there would have been no need for the funding arrangement. 3/ Have ROI been smart by muddying the waters with their activity on leases being disrupted for uncertainty. The argument being that it is not certain that the claims of forgery are uncertain, yeah I know!! I will be surprised if ROI look to settle, loss of face is almost impossible to live with and suicide would be seen as the better option.....or the disappearance of those suspected....for ever etc. Life is very cheap there.

''LIFABRIC contracts from GDL'' should be ' from GDG' , apologies

Roobans I disagree. GDL has been claiming it will get LIFABRIC contracts from GDL. I think not. The lifabric rigs in China continue to accumulate dust and rust as they continue to lie idle. So where are GDL contracts going to come from? Looks like the crumbs from the table from the Chinese companies. More rinse repeat. then India where 100 well contracts with Essar are in reality 5 or 6 wells at a time over an extended period. GDG are off my watch list GDL remain on my watch list, more in hope than expectation.

Big news today from the shysters at Green Dragon Gas (GDG) but does it change anything? Over to the City's No 1 oil analyst Zak "the Knife" Phillips at SP Angel who does not hold back: Green Dragon Gas (GBG � 62p) � Listing Plans Ignore Underlying Reason for Weakness: Today�s news that the Company will be listing its producing businesses on the Hong Kong Exchange to raise enough funds to pay down the debt on its balance sheet, citing the fact that the London market doesn�t value the assets sufficiently, ignores the one single largest flaw in the plan. London doesn�t value the assets because Green Dragon Gas is laden with debt that has had no way of paying it off for a long time, that was run up by a management team that overlooked the fact that the majority of its assets have been developed by a third party without its knowledge. That�s why its poorly rated. So, what is going to remain in the London listing? Not much of anything. This management team have failed to deliver value on any basis for the shareholders, and are now seeking to take the value enhancing business away from those shareholders that have supported the Company thus far. Instead of fixing the problem and addressing the issues that the market is telling them are there, management are taking their brand of failure to a new location. Given this, it is unlikely they have learned their lessons and will fail again. We believe that this is a wasteful exercise based on the management team�s vanity, but given the fact that the majority of shares are owned by a concert party to management, this resolution will likely be passed. Best thing to do is to stay with the shares, get the new shares on dividend and then work with the new investors that come in through the HK listing to change the management team for one that can deliver. After the split, what�s left in London will not be worth anything.

Unlce toby ''afren'' heyward may have the SFO sniffing around him as well as others on the BOD of a FTSE company they drove into the ground. He may be distracted

Brom these are destined for top draw during 2018/19, big time

Mcivor apologies I have been too long in the basement

we need to know what the cost of the 40% will be. The market will like it long term, trouble is AIM is such a short term focused market they will see ''placement'' before they see value. I am happy as it is a long hold for me

i wonder if they would have gone for a demerger if this news had been out weeks ago?

jimmy what did he do with Greka engineering. His holding costs nothing he awarded it to himself In effect the bond holders own GDG not RG. So Rg may have little room to move if any at all.

Jamie I agree the Chines government are making positive moves to CBm. perhaps that is why the state driven O & G co are starting to be more supportive. what the government givethh it can taketh away, its sadly all too political, yet the prevailing sentiment is better now than it was. I just do not think anyone should be looking to GDG for any positive contributions at this time. Nice to see a kinder spread at 25%, still too rich for me so I will continue my watching status. GLA

GDG have not yet agreed terms with debtors, until they do.if they do then GDL should not be looking to GDG for anything. Maybe RG has drawn the ultimate cynic from me. I do not believe his dreams of IPO for GDG are going anywhere his track is awful, why would new money pour in when his ''transformational'' track record is clear failure. I hope GDL can survive and that China gives more drilling opportunities

Immy. GDL still have debt and the contracts being announced are small and will pay down some of the debt. I remember when we got excited with the 100 well contract with Essar that proved to be a contract for 7 wells etc. Ordered 15 more Rigs fro Lifabric with none being used !! I dread to think how many rigs have been gathering dust and rust over the years in China. Mr Chow if you think that GDG are going to be giving GDL contracts for drilling that are going to be cash payments, please tell me where the money will come from. I know its near Xmas but I am sure Santa is not going to deliver. GDG are skint, their RNS basically tells us that they have after 3 attempts failed to renegotiate a finance deal. I still have GDL on my watch list and it may be as Immy suggests they will not get dragged down by GDG. Equally do not expect to get any financial support by way of contracts for cash. GDG are skint

Ok so there we have it we now wait until March 2019 for the hearing and maybe by end of 2019 a judgement and adjudication. Maybe Churchill we get there first after all

DO not expect any contracts from GD, they are skint or they will get GDG to drill in exchange for worthless equity. I bailed quite a while ago and held this on my watch list in the almost forlorn hope that Grewal may get it right and it will be truly transformational for all the right reasons. If they can fund their debt down without GD then it may be ok

The RNS has in effect stated that the future of GD is in the hands of its creditors and i suspect that if they think it is possible they will dilute the equity to near nothing to fund a rescue, if they think it can be rescued.