forward plan...23 Apr 2020 12:01
we all know the state of the company and finances etc so no point in ruminating on this area and that the new Chairman has shall we put it mildly an up hill struggle to try and right this shables left by JP & Co. .... my thoughts and only my thoughts....we need to get this Micro LNG up and running asap to stable up the coffers, why don't we just crack on and raise more funds, i know the share price is 1p and it's been diluted to hell anyway and can see a consolidation happening in the future so crack on now raise funds to a decent amount rather than chipping in every now and again, for the odd million GBP here and there....get a substantial amount raised so we are well covered, allow the shareholders to participate via an open offer etc so we can potentially benefit from future uplift should they find more gas.... Use the money raised to progress works on Sidi Mok and hopefully, we strike there, they keep going on about it and are doing nothing with it....again is this one of JPs dealing making skills that have come to nothing....the funds then coming in from the micro LNG plant then go towards future exploration for TE XXX etc, by which time the field development plan should be in progress....seems to be a lot more interest in LNG at the moment so perhaps they can find a new partner to buy in and move forward .... the potential of the field must be worth it so some of the big boys and with Chine etc buying, Qatar increasing their drilling of wells looks to be a good future market for LNG, perhaps one thing that JP did mention being correct, in that LNG will be the bridge fuel from oil to renewables for the next 15-20 years......on another note I fully applauded Trellis and his efforts with SAG to at least open up lines of communication between the BOD & PI's etc. The new chairman seems to be genuine but isn't everyone when they start a new role...time will tell.!! one thing that won't change is JP if you are looking in you are still a spanker!! as said my thoughts only as I'm trying to convince myself we might get out of this mess one way or another!!!!!!!!
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