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If there was ever a time we needed that 6bopd from West Firsby!!
No, he doesn't have any news. He is being left behind. A has-been. A waste of space
That's Mr Mackay to you, Fletcher!
Simon Oddie, Brian O'Cathain, I hope you are listening. There are two scenarios here - either you have given HM the resources to pull in some new deals and prospects etc, or you haven't. If you have, HM has proven he cannot deliver and must go - now. If you haven't, then you must go - now. From the outside it looks like you are slapping each other on the back, HM taking a nice salary and the shareholders are the losers, as ever. Enough is enough. Pull your fingers out. You can't even get across the line in Morocco which is hardly like Saudi or Guiana.
From the results in October 2018, 11 months ago - 'much activity taking place focused on generating significant value for our shareholders'.
Jim, stretching your driving metaphor, it seems to me HM and the board are in the back of a stretched limo, drinks cabinet and all, and when the driver asks for directions, HM says 'just keep going'. HM must have taken £1.5mm of shareholder money off the table during his tenancy and as you suggest, we have precious little to show for it.
... if HM is back from his big summer vacation, his shining pate singularly glowing with the confidence of someone who, Chamberlain-like, has got himself a signed deal. I really do hope so, or we are eventually looking at a 2p back-stop.
Reaching for the oxygen mask as we head towards the heady heights of 3p! Imagine if we actually had any newsflow where we would be.
I think we all need to assume that the Iolar well finished ahead of schedule because it was dry. We need to gird our loins for the impact here as HM put a lot of store in Iolar being a catalyst for EOG in Ireland. Who knows where we are going - even the Morocco venture is 6 months behind schedule - what hope for this board to pull it off? Answers on a postcard please.......
Freak, we are now truly trapped by the Iolar well results. HM has been trying to farmout the Irish assets for years and now we are within a few weeks of this well result nobody is going to close a deal. This has been totally mismanaged. If Iolar is a failure the whole board need to go. They haven't a clue, only able to live vicariously through other people's endeavours and enough is enough.
Smacks of utter desperation.
Do we have any idea whatsoever what the management are doing in this company?? I am sure they are taking high-end vacations as we speak and we are the muggins who pay them to do it. I know some posters here don't like criticising management and to be truthful, compared to the government they are real professionals, but compared to their peers they do jack s**t. They really have failed to deliver for years - HM came in into the job 8 years ago next weekend and has singularly failed to deliver anything in that time that has created lasting value for shareholders. And why should we see anything changing soon - the 2 'new' non-execs have been there 18 months and despite the fanfare, have also achieved nothing. Maybe they need a kick up the arse as well.
Raise cash at 3p on the promise of a joint venture in Ireland and not deliver 7 months later will anchor your share price at 3p at best. Simples. This from the placing doc ' the Board has decided it is prudent to raise new capital in order that it can … secure successful farm-out arrangements'. They can't even get the one deal they have managed to supposedly agree over the line - Morocco. All change, please!
Nothing will move the dial on this share but an Irish farmout. The management have been promising this for some time now and they are a one trick pony. Morocco is a silly distraction, Wressle is just a little more cashflow - at some point hopefully. Ireland is everything.
Back below 3p. Are we the chumps being in this share? Management doing very well out of this, we aren't at all
May the force be with us, Obe Wan Serif... oops wrong movie
Anybody know who Bo Krall is, other than the Supreme Leader of the Klingons?
plus ca change, heidi
Wraith, once again we are the mercy of third party activity - last time it was Dunquin. It's a joke, really. Perhaps Hugh needs to look at RBD and learn that activity creates interest and hope. Inactivity breeds apathy. RBD may have not had a string of great wells and the jury is out on Newton, but activity has been the key, pushing them to 50m market cap. We need activity here.
2.15p. Do the LTH's know if this is the lowest it has ever been? HM is a broken record and his board are happy sitting there listening to it and nodding sagely thinking that it is playing wonderful music.