Member Info for NewKOTB

Well, set at 44.5p early this year, PW LTIP looks to be in trouble atm.

"If the share price growth in the three year period is less than 11% pa.." no LTIP above the basic announcement.

Personally, I will be hoping he gets to the trigger of a share price growth of 20% pa or more at least.

"If the share price growth in the three year period is between a range of 11% pa and 20% pa, the additional number of shares which vest will increase proportionately within this range up to a cap of a multiple of one times the base award number of shares. This cap will be triggered at share price growth of 20% pa or more."

When this was announced, I honestly thought it had been set way too low ... now I'm not so sure.

Blowout,

"then consolidation and M&A will be the way the strong take out the weak..."

Fair point, however the problem atm is OPHR are one of the weak in terms of SP vulnerability.

So if a cash call is going to happen then the II would have been approached, probably the same that took the offer up last time at 43.75p. If this is the case it would explain the major sell off since lifting of suspension.

Guess they don't want to be too overweight on SDX so sold down (for a profit of course) all they took up at the last cash call at 43.75. Magically, where are we sat today, almost identical SP, 43.5p.

Never understood the fall, but given the rationale another placing is in the offering, it all make perfect sense, does it not? Question is, will PW put a premium on the placing price ...... I believe, without a doubt, he should, at least 10% . But will that happen, probably not, spivs win again !!!

Reported to FCA for finishing BLUE, this needs to be investigated, +0.15%.

2 out of 13 days have been blue.

You say you are a holder, but you have never posted a single positive post since joining LSE .... strange to say the least, just subtle bashing time after time.

PW has already publicly stated once Ramadan drill commitments are over he will drop the licence, or take offers of $1 for it.

Thanks for a structured response, although point number 8 would concern me the most out of those listed.

Now if we could have a list positive would be nice.

I wouldn't even class that as a risk tbh, or though, technically it may well be.

Extremely unlikely, to say the least to fall through imo given all indications to date and amount of work completed, esp the TUPE of staff. In just over 2 weeks time we will be sitting at an all time high on our SP without a doubt.

Think that will depend in their current hedging and not the spot price imo

jasehem,

Once again, what risk do you see in holding SQZ stock specifically? Other than being an AIM stock, which imo will shortly become listed on the MAIN exchange anyway!

jasehem,

"I am in AMER but have a greater stake in SQZ and see both having some opportunity but also both carrying risks ..."

Interested to know what risk do you see in holding SQZ stock specifically?

dsmith57,

"Am I wrong in thinking that this was not Paul’s most dynamic presentation? Very lethargic and downbeat as far as I could see..."

I have to disagree, given the rigid time constraints on his presentation by 121, swift and to the point, no time for a laugh and joke is what was called for and he delivered. He clearly wanted to give more detail but getting the message out, was imo what counts. A great business with more to give, that is so undervalued atm.

workover,

"We might be unlucky and someone might come in with an opportunistic bid in the 55-65p "

Yep, premiums are usually around the +75% mark to SP, which in this case would take us to around 61p .... pittance, UNLESS you have been loading up since June !

Once the deal is concluded in a few weeks time, SQZ receives all the monies from sales revenue then pay BP et al what they are owed according to the sale agreements. So the final percentage income is correct, just the accounting methodology as required, so our books will show an enormous increase in revenue. From 1/1/18 until deal completed I believe SQZ will receive a lump sum payment (as per agreement ).... a what a lump sum that will be !

Just LSE having a wobble ... again.

I noticed that first thing this morning and got all excited, until I checked !!!

You will find the vol bought and sold is zero today also according to LSE

Workover,

"You need to remember that it is illegal to purchase shares and “strategically accumulate” without informing the market at key thresholds 3% 10% etc etc..."

Yes, but there are 'legal' ways around this also.

Workover,

Can not disagree, although given the 'active' mgt of the SP it's not just about watching the sells but the way and how how they are traded. The action over the last few months has been unusual to say the least.

Time, like always, will tell, but imo this is not as black and white as it first appears.

gl

The deal would need an egm / shareholder vote. If suspended all holders would be locked in until suspension is lifted at SP at that time.

The SP could rise on rumours or RNS statement of interest/bid which would give options to holders or we could just as easily suspended at current SP. If a bidding war was to occur, which I would doubt without Fortuna licence being secured, the SP could end up anywhere. Failed bids would also be a factor. Should a t/o deal be voted through, then yes you get whatever the deal is. So we could open tomorrow on a bid and be instantly suspended, the offer agreed by shareholder for 80p, so in this case, yes they would be automatically worth 80p and sold and any loss/gain realised.

But what ever you do, don't think anything is a certainty, because in this game you never know.

gl

Frank,

I would think the majority of investors that have acquired stock over the last 3 years would not be out of pocket with a t/o of 80p, although I would love to see us dig ourselves out of this mess. The market has not been kind to O&G companies and it will take time to turn the ship around unless we pull a rabbit out of the hat, which is possible also. At 80p this would be, without question, an absolute bargain for anyone that could take on Fortuna. Who knows whats going on behind closed doors. As for me, yes a swift t/o would be fine for me given todays markets. Without the Santos deal, we would be dead in the water by now.

gla

WO,

"Also if there was hostile takeover, by the time the acquirer purchases enough shares to make an offer the price would rise significantly..."

Sorry, have to disagree with that one ..... more than one way to skin a cat. The price action for months has all the hallmarks of someone strategically accumulating shares imo. Be that for a hostile t/o or just know how much headroom OPHR has to makeup on its SP until it is valued correctly. Just need to wait and see which it is.

gla