Member Info for OHSEE

Cheers Dar - onwards and upwards :)

Hi Bonz - if only I had the option of an ISA, unfortunately the tax situation here in Ireland is more rampacious. All divi income irrespective of source(s) is subject to tax (50%) and no allowances !! Which is another reason why I'm no fan of cos paying special divis!! :(

Fair points Gerry557 and yes I agree with your arguments. :) Cheers

are you sure about that Bonz? For example, divi income is subject to income tax, in which case, one would have less money to buy new shares? The new shares will probably cost more (SP + fees) to buy, so I do not see how it could remotely be a status quo scenario? Down, down, deeper and ...............out of pocket ! Sorry couldn't resist :)

Hi Dar thanks for the reply, and me too have been invested here for a few years, use SCRIP as I plan on remaining a LTH and what opps arise etc buy on dips. I agree the broad business case for NG is 'resilient' but my argument is nothing to do with the company's business model, trading environment etc, it is almost guaranteed but against the payment of the special divi which is akin to a compulsory purchase of shares. The once off payment is small beer in comparison to reduced smaller future divis. I contend that this special payment does not adequately compensate shareholders for loss of future divi income which as we know is also under review/pressure from possible price caps, resulting in reduced T/O, reduced yields, smaller divis etc. The special divi payment is akin to a turkey voting for Xmas.

Hi Dar - why is this "good for investors" and "the special excellent"? As a LTH I have no interest in reducing my capacity to earning good divis and some capital appreciation is also welcomed. But my holding will be reduced (OK I am being paid for the shares I lose) but and the special is nothing more than a transaction payment. What is so special about the payment value? It isn't that significant. More importantly, with fewer shares, I can look forward to smaller divi payments. So from where I am not at all happy with this event. Reminds me of Vodafone fiasco a few years back, again, the special divi was nothing more than a pro rata payment for loss shares.

@sausageonstick - sure is! I wonder what experiences/skillsets were listed on CV to counterbalance that notable achievement ? -------------------- "Mr Groat is a director of London Mining plc, which entered administration in 2014 with a deficiency to creditors of approximately $500 million." Heck, that's quite some achievement!!!!

the BB is dominated by a bunch of short fused oilers, and absolutely agree, the co marketing is definitely lacking. No sizzle, low market visibility etc and the SP plods along. I sure hope the white coated management team do realise full potential. Massive upside potential but IMO there is a distinct over reliance on the engineering ? SOU and HUR would be chalk and cheese, just imagine if HUR had a JP type on exec team!!!

@intimate - unfortunately the HUR BB is affected by a clan of hyenas who often get it the way of open discussion. It doesn't take much to draw their attention and insults are never too far away. I'm not sure if it's something to do with AIM stocks or simply some (but not all) O&G investors?

self rising dough here! :)

indigestion?

in house sambos and not bad :) Don't recall any sushi?

Cheers initmate - I've been in HUR since early 2014. As O&G goes, it's a bit of a slow burner but waiting patiently for that big breakthrough. Chasing rainbows also with SDX, AEX, ZEN and CLNR.

intimate - looking for stable shares with good yields? ICGC is well worth a look and so too NG.

@Dazbrad I agree the broader market trends favour an upswing in the viability of cos like Tomco and let's hope Mr T makes the changes to kickstart some production? Looked recently at company website, I would like to see more regular updates and news. GLA

@Ctw good luck with your bottom drawer play, if they come good, you're going to need a much bigger drawer! GLA

@D220 - an old but not dissimilar article by the same author, same publication from March 2012. In this piece the featured was the granting of a permit to Redleaf Resources: Nothing has changed? http://www.deseretnews.com/article/865553079/Company-gets-approval-for-big-oil-shale-project-in-eastern-Utah.html?pg=all @Dazbrand - fair points and I do hope you are successful here. SP's is currently < 3% of what I paid in 2006 so you're likely to gain most from any recovery in SP. I also like your hopeful confidence that these shares will come good eventually, apart from the various macro economics of the oil market, what drivers encourage you most about any recovery in Tomco's SP?

@Dazbrad I've held shares in Tomco since Dec 2006. Back then the co name was Netcentric Systems! A change of name coincided with listing on AIM. A small co with 50+mio shares, SP was 2.5p and the MC of c £5mio. Then it had c 3mio acres in Utah which were estimated to contain c 230mio BoO. At the time Shell announced it had in situ extraction technology which could be economic at oil prices of $ 30/barrel! IMO the time since has been nothing more than a yawning lost decade, how is it possible to be remotely positive? A damp squib :(

An interesting parallel with another Irish food producer who has invested substantially in recent years incl USA, and going through the wars. SP collapse as losses accumulate. I hope GNC have done plenty of due diligence on US market opportunities etc. Is the co being quick off the blocks to offer CEO new pay deal? Would it not be more prudent to see some evidence of 'bringing home the bacon' first?

I've a SH for over 10 years now (and subscribed to the DRIP) at an early stage. There has been a few highs and some very disappointing lows along the journey. The co consistently paints a brighter future, but IMO has yet to make a big breakthrough. The SP was higher 10 years ago, the co much bigger now and the Yield is still mean:) Floundering expectations? I hope not, and I hope the good times better come soon.