Member Info for mrc_mrc_mrc_mrd

The fact you are invested here says something about your education perhaps?

Writing has been on the wall here for years if you have a bit of intelligence and AIM experience.

Well yes I think that is a given. Relinquishment very possible with the loan monies on hold and seemingly no urgency from TPDC.

The BOD will need to make a decision about whether they are going to try to keep up with cash calls from their own reserves, or just call it a day.

Perhaps Fitzpatrick trying to exit?

Or maybe prolific still offloading their last batch? Anyone know if they can convert any more of the £500k loan? Or is that all knocked on the head after resolutions 5 and failed? I wonder what penalties are associated with the default??

Anyone know anything?

To be fair, we are hardly getting hammered. Just taking the 5% hit that Brent has.

My view is that we have had a decent amount of consolidation here and a bigger drop into the 80s is already priced in due to the high volatility we have seen and lack of belief in high oil prices.

I picked the wrong day to top up my spreadbet!

What a load of BS. You can’t even spell it correctly.

Careful BD - the board were furious about this article and may try to ban you again!

I think it’s inevitable given the price of gas. Oil is very cheap in comparison. Could see substitution begin to equalise the price as we get into winter.

Lol love the new handle

Welcome back MT

http://mus.acrofan.com/article_sub3.php?number=707521&lang=

Posting facts and opinions that don’t fit your world view is not trolling AA (assuming your post was targeted at me).

I’ve called the events here rather well. I know you don’t like that, but don’t shoot the messenger!!

It is disgraceful. Saw a sky news piece where they were hounding the Ofgem representative about nationalising energy, and saying he has no sympathy with the cost of living crisis. As if the regulator is responsible for setting the global oil and gas prices!

Are these people stupid or do they just smell a story that will pull in viewers. Quite shameless.

They have complete control 44RJ.

They have made sure there are enough voting shares in friendly hands.

A lot of assets have been sold, and the cost of these sales has left nothing for shareholders.

I can now see a risk of the company completely folding if the loan is not obtained soon (leading to relinquishment). Such relinquishment would be seen as SCIR pulling out of the deal I would think, and could trigger payments to Gneiss (which SCIR don’t have funds to pay in full).

Is that not the crowd that almost brought down TLW?

That’s the brilliant thing I suppose. Spending shareholders money to protect themselves (and by extension they would argue, the best interests of shareholders)

Don’t you guys know what’s good for you??

Everyone should be very careful on here. Looks like the Company are cracking down?

PS, Gneiss are to my mind the best oil and gas consultants. Worth every penny IMHO. And our BOD are doing a fantastic job. Just look at that AD plant they bought a bit of. And so charitable giving 50% away to a couple of other dudes. These troublemaking shareholders should be ashamed of themeselves.

There are no talks that we have been told about.

All we know is that TC has had to draft in the help of money grubbers to try and sell it.

KO - I don’t have the data, but shale is the easy one to grow. What about all the barrels decline from failure to invest in longer term production? The European majors are actively reducing their production. Some of that is selling producing assets on to new owners but a lot of it is not sanctioning new projects.

Independents like us don’t have the access to capital to pick up the slack.