Member Info for pshepp

12m million might end up being a cheap loss seeing how AM performs, he will need to raise another 50m to keep everything going and that's only coming from shareholders , perhaps some of the big ones have decided enough is enough.

Unfortunately this could still end up as another AM pipe dream but with us paying Napster 15 m and not completing because we can't raise the money for the debt!
The sad bit is mvr probably would of had a good move up on the fact that we've finally launched some decent pay to view gigs!
What happened to the roll out of the melody viewer's of which we apparently have 1000's ?

Hi Malbrun

This could be slightly different as it is the government that has commissioned the building of a long term power station compared to the gensets supplied by Altaaqa, I can not see Aksa setting this up with out guarantees from the government in the event of Eneo defaulting on payment.

2 x one million sells!

Hi Malbrun
Yes I went to the AGM and asked as much as possible, and came away with a little bit of hope, but as normal that has now been wiped out !
Have a good Christmas and hopefully there will still be a company when it's time for next years AGM!

Simplisticly........
If they have signed the new contract and we have payment guarantees the shares should be worth double, if 109 is clear and flowing well the share price should double again, if Asker sign the deal the shares are worth double again.....52p.
Am I wrong to dream!

Great news, anyone who has been to the agn' s will know what a condesending little man he was, who defended Foo's royalties and wages.

There isn't a shortage of people willing to invest in power generation and now Eneo have their new 10 year contract this could happen......but the question no one seems to be able to answer is are Eneo are getting paid the subsidy from the government.

And if you don't want to wait and see take your loss and move on!

I'm amazed your all still moaning , you've got your wish, Foo is gone! The amazing bit is I think there was only about 4 shareholders at the GM only 2 asked questions !
I asked quite a few and was reasonably happy with the replys, I also stayed on and spoke to Mr Dik and Mr Kenedy and came away thinking that might be a new era. But we won't know unless we wait and see.

Who's planning to the GM next week?

Put to grass?

Old timer could turn out to be the wise one looking at the price today, but he is probably still having sleepless nights worrying that the price might shoot back up, but he's doing his best to talk it down!

Old timer it's a bit disappointing but probably not unexpected that your here tearing the update apart, at the end of the day any increase in gas sales is good news, especially on 10 year contracts, the gen sets will no doubt be bought using asett finance as is normal when companies purchase plant and equipment.
We are all disappointed in the share price and fed with broken promises,but you have made your decision and now you need to move on.

spend
I think your getting a bit confused, we raised the 23m in October and that is what reduced our debt to 13.1m the increase to 18.6 m is the result of loss for the period and residue of drilling costs.
In the operation update in August they did state that production had increased in August from 3.4mmscf/d to 4.4mmscf/d IF this is true, which obviously is a big IF when were talking about vog that means we have a 30% increase in revenue which brings us a lot closer to breaking even on cost of sales.

It looks like a roll over one being a sell and the other being a buy at a very small margin.

He gave notice in March, and served his time because of a desire to work with start ups, which he has done and gained director status with some of these companies. That wasn't from today's meeting but information that I received when I asked about him a couple of months ago.

I went to the meeting, most of the time was spent going over old ground with regard to Savanha, we cleared up the point as to wether any directors or family were involved financially. Dik is in Cameroon and Kevin suggested that he would expect Eneo to be taking gas imminently so perhaps that explains the price movement. CNG on going as is Russia. Apart from that not really a lot to know!

Just out of interest looneylooser where would you ha e been flying in from to attend the AGM?

I trust Looneyloser that once you have achieved the removal of Foo and Dik that you'll step in and take the company to new heights,.