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How does it work exactly? Is there a postal vote for renewal of management contract? And if so and there's a vote for change, who selects new CEO?

If you're reading this Mr Sneller or Crux, I am sure that shareholders would welcome anyone you suggest as CEO. Seems like it needs someone who is more hands on for the role, technically more gifted, prepared to be where it's happening to make sure problems are sorted as they arise. Current CEO seems to be more of a banker but not suited to dealing with details as you have to in a small company. Also is rewarded regardless of how he performs

So this company has $37m net assets or 29m gbp. Market cap is 5.3m gbp so assets per share are 29/5.3*current sp so 26p per share, a chunk of which is cash. The current share price is that shareholders have lost faith in the management. If they can do one good thing though there shld be a turnaround

Is anyone attending? Holding it in Jersey and not online seems a good way to get no one to turn up

sn88 to get so out you really need a replacement. You standing?

It seems with W1 they'd need to drill a side track and run a new completion at hold up depth (ie where you can fit machinery down at). Quite hard fishing out old coils from what pple say. Anyone else an opinion? There seem to be lots of opinions here on how useless the management are but none on specifics of what shld be done

Given the incredibly low salaries and mediocre cars in the car park (someone posted a link to it on Google maps once) I'd say money will be going on development - they seem to do this much cheaper than similar mines

Let's see how many pple on this board. Click recommend if you see this

Seems to me wld be a game changer if they get the well going.

Syste are these problems manageable ie eventually they shld get the wells working do you think?

Does anyone here have a good knowledge of oil exploration? Problems are usual in oil business I would have thought but they seem to working around them hopefully

I would imagine it depends on cashflow - if they need the money for the business, then buying shares now might not be the best timing. Altho it wld be in that the shares are so cheap......

Seems to me that with reserves at $85m then this has to be massively undervalued. Anyone have .a view

Shldnt the arbitration success have boosted their asset value?

Anyone know what the $1.9m asset impairment is? What does that mean?

What are your current thoughts regarny on this given delays etc

Well I guess we see. As it stands, the share price allows for a lot of misfortune and is currently very cheap. Let's see what Monday brings

All depends really doesn't it. There Cld be good or bad reasons for holding info on w1 until shareholders meeting. Guess we wait and see.

If these are the only suppliers of equipment in town, suing might not be a sensible option - if you lived in the middle of nowhere, would you sue the only doctor available as he didn't turn up or put up with it and try ensure he does next time? And by the way the doc is a friend of your landlords and the chief of police......

If share is 96p there how does that holding differ from 8.1p holding over here? Presumably not the same thing?