Member Info for NigelHaemoglobin

Clueless S83, the actual horse had superior lateral thinking skills.

When option shares vest there is normally a time period, a month is not atypical, when the option owner can elect to buy his/her allocation of options. At that point the optionee has to find MONEY, I've done this but always the vesting date was three years into the future. Now, as we always had massive SP rises complete vesting was logical.

In this case Lonny can drop the options if the SP tanks (probable in weaner E and P's) or yes, enjoy a huge pay day ( unlike you buying at 18p).

Six months is borderline nuts, the whole purpose of option schemes is the inspiration of loyalty.

I agree with GRH, two to three years is the norm. Have a nice bale of hay haha!

I agree with GRH, most companies permit vesting after two to three years.

Lonny can wait and see how lucky the CT exercise is, vesting is never mandatory.

A six month vesting time is short, too short: from my experience of participating in a number of these schemes the concept is to inspire commitment and loyalty.

IF Lonny takes up ALL of his share options he will have to find £ 439,907.21 in six months and hand it over to the outfit.

I wonder how many he will take?? neutral to negative news imo, standing by to ignore 46 sheep tick downs...

Sorry Gus

Can't say what I think happened re price action but try not to take rns's etc at face value. Quite a few embryo E and P's going for the Pulitzer Prize at the moment...many being sucked in...

Sefton has raved many many times that he is mainly here for the CO2 EOR (wobbly) operation.

More relevantly, what is causing the delay to AIM entry? A prospectus may be the hold up, no doubt Griffiths is 'eagerly awaiting' it: bit like the FSRU idea haha!!!!!!!

Thanks Androcles and welcome back! How long ago did Paul G express his moistest of desires to join AIM and how far has the company progressed in its 'AIM'.

AIM is notorious for placings by the way so will you write to Mr G supporting the idea?

It's your call Einstein.

Looks possible

Doesn't make a lot of difference, money still has to be spaffed off on a weekly basis.

Maybe Griffiths found it easier to make decisions earlier in his career? Maybe Ronald Pilbeam did his best to give the company an alternative direction?

There is no 'game', just the hope that Griffiths' third trip to Morocco is successful.

OK MEM, I defer to your companies knowledge if not O and G.

Could a massive share issue be approved by EGM?

The company itself has expressed a desire to join AIM. AIM know about all the strangeness though, Pilbeam etc etc.

A three well programme with supportive geophysics is the way forwards.

Ya, I'm chewing them up at these prices: 5-10 year time horizon...

Hampshire lass is smarter than you think MEM...

This is what Griffiths should do.

Place 300,000,000 shares at 3.5p (if being non-AIM permits).

Use the £10,500,000 raised for the following:

1/ Fully cover three expo/appraisal wells
2/ Shoot some 3D (rationally intercalated with well ops/results).
3/ Utilise a vertical seismic profile using a geophone on the best well, let us say it is MOU-4 but we do not know yet. Ask Brian the goatherder for permission lololol oh god haha!!
4/ Long lease land at good prices before value leaks out to locals.
5/ Save £1,500,000 in the bank.

6/ Now, it is more than feasible to invoke a farm in deal with Conoco.

7/ STOP f*****g around with MOU-1!!!

8/ Forget Trinidad and develop scepticism re Eire.

ie GROW SOME AND STOP WAFFLING.

Surely the reason for the rise is explained by an individual accumulating 15,000,000 shares.

The potential for a well on Scharnhorst exists, a multiplier for BOR alone imvho.

Apologies for raising the issue again, the numpties and window lickers over at PRD hate it but at this stage it is all about cash, C2 at virtually stranded assets being somewhat virtual.

Diss

Yes, thanks for your directness, a pleasant change from endemic sliminess however, when will GRH discuss placing risks?

You exhibit classic signs of transference: learn to think for yourself with your actual brain...

Total

Digest the SPE manual: as a start point. Concurrent to that ALWAYS examine the BOD for their 'characteristics'.

Apologies, not stated during AGM but afterwards.

Said the chairman at one AGM: the sceptic in me is concern over a dilutive placing to replace the rapidly diminishing cash reserve.

Have fewer if these than ever before due attempted greening of my portfolio (it's not going particularly well at the moment haha). Either way the BOD and particularly the FD have self rewarded themselves with enormous profligacy...

I'm not a ramper but if not stranded £5 would be on the low side!