E-mail Keith Bush18 Aug 2014 11:03
I have now had a long honest detailed e-mail from Keith Bush which explains in more detail the company plans for the future. He did say that maybe the long term ambition to grow further didn't come out in their communications that clearly, but it was important in delivering on their short term golds.
To some extent I agree with setting out clear short time goals, however if you want to attract serious investors you also need to clearly set out your medium to long time goals so serious investors can see a clear and precise company plan of action before committing their money.
One point I would like to pick up on is that there has been a lot of ref to what Jon Murphy the Chairman has done in the past with Venture Production - how the company grew over a 10 year period before being sold off to Centrica for 1.3 billion. Investors would love to think the same will happen with Northern!!!, but be aware different companies, different times, different sets of circumstances does not mean that history will repeat its self!!!!!
Without going into Keiths e-mail in too much detail he said real growth starts now, which means for all us old time investors the last 12 years has been a waist of time. Keith did say if you look a similar oil companies in their development then Northern is on bar.
So to all those past shower of directors, I hope you are hanging in the Tower of London!!!!!!
For all you fellow investors out there now have a good week!!!!!!!!!!!!!!!!!!!!!!!!!!