Member Info for SecretBlueprint

The published spread for this stock has no bearing on the price that brokers will offer you to make trades, and if a broker sold you some at below the mid point of the spread, then you can be sure he made money even if you got a bargain, and it will pop up as a sell. This hoary old chestnut never goes away, unfortunately.

in that case we are doomed.

Starbuck
Are you saying that the official records of Newfoundland Company Register are not accurate?

Harry
With the information vacuum that characterises NUOG, one can only look for other reliable information from the public domain to try and and ascertain what is going on.
There is a current director of EOI, according to NFL Province records called Tony Young, and he states publicly he is the Site Supervisor for EOI. How did he get paid or not paid? Was he supervising PVF? He must have known, as a director, that EOI was not in good standing and was likely to be struck off at the end of July. As the local director, he would have been aware, even if AM told him to keep quiet. Did he sit on the court notice?
It opens a can of worms, and he may be party to the SOC (he would have info after all)
Never mind the intricacy of all this, how the hell does the company fail to file statutory returns to the risk of striking off? Easy exit from NFL? Incompetence? Unwilling to tell the truth?
GS says there is no merit in the claim, just like the Moon is made of Lancashire cheese.

Apart from anything else the company is not in good standing, because the annual return is over 2 month overdue:.....

Company Name: ENEGI OIL INC.
Not in Good Standing
Company Number: 53797 Corporation Type: Company
Status: Active Category: Local
Last Annual Return: 2018-04-30 Business Type: With Share Capital
Incorporation Jurisdiction: NL Filing Type: Incorporation With Share Capital
Incorporation Date: 2006-05-05 Min/Max Directors: 1 / 10

AND...If the annual return is not received by the due date, it put in the status of “NOT IN GOOD STANDING”. The registrar may strike off the registrar a corporation that neglects to file an annual return within the time period.

##Now that might be a reason for a claim, before Enegi Oil Inc is struck off?

On the face of it, EOI is operating from a solicitor's office in a suite of solicitors' offices at 36 Quidi Vidi Road, St Johns. Interesting that a company called "Innovative Dispute Resolution" is a neighbour. Perhaps a bit of fee work for them then?
More interesting is that the company has 3 current directors, Alan Minty, Alison Pegram and Tony Young. This latter person is apparently the present Enegi Oil site supervisor according to his Linkedin account. So not just PVF.
Does this ring a bell with anyone?

"The RNS has been with the legal team"

Really? how do you know that ? or is it a twitter fancy?

And 72% of investors going long in AIM lose money too.
As the market makers might say, heads you lose, tails I win.....

Ying Tong
EOI surely has no money, as you say, but if the licensing process in NFL follows UK or most other places, parent company guarantees are required for any subsidiary operating company, which would allow any court decision to land on NUOG as a result of the guarantee.
I cannot believe that EOI can hide behind a $1 limited liability or suchlike or they would never have secured the licence in the first place.
It is fine for GS to say there is no merit in the claim, but he is not the Supreme Court Judge who will make such a determination.
The claim also raises the question of who will pay for decommissioning if GH is ultimately a failure. Not PVF for sure.

Do you think Shard Capital will be happy to see their security over the GH licence dragged into court?

LB
It's all very clear from the top of Rivington Pike.

This statement of claim to the Supreme Court is going to be interesting, for a number of reasons.
It is patently obvious that there has been a big dispute with PVF, but why? Graham Scotton said in his recent podcast that the PAP1 well had been shut in and the site secured, that means locked. Who did that? If Enegi Inc did it, then its a lockout.
The PSA still has phase two outstanding, the workover phase, and there is still two years or more for PVF to find the money and do it. If they are locked out, there would be a case to answer for expense to date.
If PVF has shut in the well and locked the site, they might be within their rights, and it is a game of chicken to stop a third party from taking over, and that might have been threatened by Enegi and so prompting the claim.
The only public disclosure of this failed enterprise is Simon's video of three men in tin hats, and Mike's story about being a long way from Calgary. That is comptentible, but NUOG can now go on silence becuase of the legal proceedings.
Something went badly wrong on the site, and if will all come out in court, and then we will know.
GS is challenging the Court jurisdiction. Well good luck with thaf, he might as well pitch at windmills.....

Civil cases
"The Court has jurisdiction over all civil matters (for example, lawsuits in contract, accident cases, commercial lawsuits, etc). There is no monetary limit on the claims which can be heard in Supreme Court"

WOBWAT
So many posts have been deleted, including a report on the lunch, it seems impossible to find it, but LT reiterated on 20 March that he hoped GS had the moral compass to ensure that Brian Hickey was not left broke from the GH affair , and that reminded me of it.

After the lunch at the Liberal Club, LT posted something to the effect that AM would not let his old friends at PVF lose their homes over the failure at Garden Hill. He would do the right thing etc. Easy to say as a director but impossible to deliver if you are not. I would not be surprised if PVF have some emails to support them

PMM
Eggs are so yesterday.
Milk shakes are the future.

Harry, all is well in Lancashire.
You must try Farnsworth's sausages from Whalley next time you are over. Much taster than Manchester nuausages IMO

Good evening Harry. I am deducing from his former role at AOIC, that his discussions with his old network in central europe will lead him to Baku. I know that CNPC is well represnted there, so what do you think?

My take on the podcast is the same as everyone else. But I detect he is looking for approval to raise in excess of 500k to farm into an onshore oilfield in central/eastern Europe. He has been talking to old friends.....Azerbaijan incoming. IMO. Look out for Frank Timis as a NED.

Correct GD.
And as the price goes lower the selling accelerates to ensure a profit before 1p appears

Cobra, if Bill is not inclined, you could always nominate the bloke at the door with the flat cap and protest card?