Member Info for Safetrader1

Still lecturing the world asimpleinvestor ?

Pompous arrogant little man :)

CONCLUSION*

Pure unadulterated DECEPTION !!!!

Extract from RNS :-

Arthur Millholland, President and CEO commented: "The Company is progressing on all fronts outlined in our last Operations Update. We are pleased that our Gas Gathering System Upgrades are on schedule, and we were fortunate to have been able to acquire the necessary high-pressure production equipment we require here in Alberta which alleviated supply chain issues in the United States. With the required upgrades to our field gas gathering system nearing completion, we are focusing our attention on a revised injection strategy to return the field to its designed depletion strategy which should result in a return to the previous production peak and an increasing production profile."

HOW CAN HE AND HIS FELLOW CRONIES POSSIBLY GET AWAY WITH THIS ?????? !!!!!!!

I will take that - could do better :)

PC treats this like his own company and the shareholders are of little interest to him. All being scheduled for his own retirement plans IMVHO. I am fairly certain he will already had offers if not even just one offer to buy the CS Project or even a JV proposal, however I think they or it were / was to little for him. He tells us next to nothing and seems quite happy with that mushroom scenario.

Communication skills - poor

Sales skills - almost non existent

People skills - ?

All in all - Fail

When are this useless BOD going to pull their fingers out botooms and actually do something for their money ? !!!!!!!!!!!!

Jenny Lee - announced with great expectation to access the Chinese market for us - never did a thing - presumably now departed, but not announced that I am aware of !

Shareholders who don't have the patience - comedy gold Justone :))))))))))))))))))

Ripping the share - with all due respect, it has nit me that has diluted us all into oblivion !

I am still in as trapped like many others. Who is going to buy 20m shares off me even if I wanted to sell them ?

Will we really ;)

And do you genuinly honestly think PC is the right man to land a good deal ?

Thanks for your feedback 1investor. What I do not understand is, if there was realistically even a whiff of a deal being done in the next few months, ii's would be all over this and we would be up to at least 0.30 already. The problem here is, nobody believes a word PC is saying as he has led us all a merry dance for so many years now !

So what are your thoughts on Totty Man's 2p minimum plus a dividend to investors ?

Ooops, I forgot to deduct production costs, interest, etc, etc :((

1investor, happy to try and take any measured valuation seriously.

So looking at your numbers I calculate that you are suggesting that the CS Project should be worth around 38.96p alone ?

ie, lower value indicated by you of $2.5bn less set up costs for an onsite production facility of $40m = $2.1bn

Current Mkt Cap is £2.03m / $2.56m

so $2.1bn divided by $2.56m = 820.31

820 .31 x current sp of 0.0475 = 38.96p

Well now, I might even offer to apologise to PC for my years of vented frustration, and I might even buy him a pint :)

One can but dream !!!

What do you think we could achieve for selling the whole company now, or if we even just sold the CS Project ?

Sadly, many of is will not be around to see the outcome and enjoy watching these mongrels pay for what they have done !!

Next

Apologies if I am missing something here, but how can these oil companies even consider a bid or being part of a consortium bid if the cannot get access to the mythical RS Report. Why are the BOD still preventing the release of this even now ? Surely they have to now show that they are at least trying to recover something for the shareholders, as opposed to lining Annavio's and the Bondholders pockets ?