Member Info for Shedulike

"Further to the Cancellation of listing on 25th January 2019, we have received notification that the Frontera Resources shares are no longer eligible to be held within the UK Settlement System". Wasn't it Dec 18? Anyway I have been told the shares still exist which is reassuring but I strongly believe that we are well beyond the point where the complete radio silence from FRR is totally unreasonable and unjustifiable. I don't see how a simple statement along the lines that they continue to operate and are seeking a resolution to the legal action can have any detrimental effect on the courtroom battles. Perhaps some pressure from the FRSHG on YJ? It's beyond ridiculous now.

I think they drilled them 10bagger, though I admit LR looked even more tired than usual! It's all about proving the scale of the resource and demonstrating there is a viable commercial method to mine it. LR has always said the plan would then be to monetise the asset with a bigger player.

I've heard a rumour it's turned out to be ink but a JV with BIC is being pursued.

Didn't think POG would ever threaten to be the darling of my portfolio again but with the gold price where it is the next positive news and we should punch through 10p. It will be interesting to see if Polygon swiftly close their short, it hasn't gone well for them since they increased it on 19th June.

PH is always very measured and cautious in his guidance, he was never going to increase the production one day and announce figures the next. I'm sure they will monitor the higher flow rates for however long it takes to be certain they are stable and sustainable before updating the market. Frustrating I know as the SP declines, AIM traders will always assume a perceived delay is down to impending bad news and to be fair it usually is!

There might be something in that JNewton, you're not going to fly in a Chinese consortium from Beijing on a series of budget flights and put them up on an Air B&B. Either that or it could be Mr Parsons ring-fencing some cash for his golden goodbye when we get a tin-pot ta-ra (okay I'll work on that one).

I'm convinced that had the success at Tendrara followed the disappointments rather than vice versa the SP, sentiment and expectation would be entirely different now even allowing for the now proven difficulties in moving gas on our licence. Remember we flared an extraordinary amount of gas at TE-7 during the extended test to prove the commerciality and since then the figures have only improved.

.... if you have completely lost all reason. We have a proven commercial asset to sell and strong in-country support. Either these are scurrilous posts or evidence of total mental breakdown. I do understand the pressure telling but some of these comments are pretty embarrassing.

Fair points Seaton, I didn't see that before I posted or I would have referenced your positive observations.

Possibly because your comment about not letting them get their ill-gotten gains could have a sinister interpretation (not saying it did). Honestly though it's no secret that I'm sickened by the greed of the board but so many posters seem to have lost all perspective over what we have to market here. It's as if we'd heard that the TE-5 horst was losing pressure rather the fact that it is building up improving GOIP and confidence in the field development plan. I've often wondered if the Chinese may be the most enthusiastic party as Parsons markets this. We know their appetite for African resources and a strategic foothold in Morocco would be highly attractive. Not sure if the Moroccan government would favour a Chinese bid but any competition can only help our situation, note as well that tensions in Iran went up a notch again today. I admit that SP is playing with my sanity at the moment but folk are obsessing with it and all the negativity over Parson's hyperbole and starting to despair. I'm 100% confident we will be sold at multiples of the current SP, but many shareholders will end up losing money on stock brought during the rampfest. That includes a bunch I put in my children's ISA's so I understand the emotions people are feeling, I would just urge people not to compound the misery by posting anything that could get you into more than financial trouble.

Just to add I'm not naive enough to expect Directors not to enrich themselves given the opportunity but it seems that as the likely end game SP was falling their greed for gilt-edged remuneration skyrocketed, the non-execs have let shareholders down in rubber-stamping this. Sadly it appears that as the company's performance nose-dived the interests of Directors and shareholders diverged at an alarming rate. It's going to take one hell of a deal to appease angry PI's here.

Gosh no wonder they didn't want to risk the last of the pig swill on TE-11. Didn't think I could be more appaled with the greed here - we had the salary increases, move away from options to RSU's (restricted stock units), which don't require a strike price (handy that!) and now the golden goodbyes, all against a background of failure. Yes JP is incentivised to get a deal but not quite so critical for the Directors that it's a good one is it? That strange little raise looks even more suspicious now, galling to think we got diluted again to guarantee that even in the event of a low ball sale JP will still be wallowing in it for another 18 months, exciting times indeed.

Trellis, I hope your 'at home' Love Supreme Festival went according to plan?

Petro Maroc got one hell of a deal as they benefitted from our SP rise. Remember how SOU managed to claw some of it back by renegotiating so we would share proceeds of share sales above 50p (those were the days). All in all the Sidi saga is not very reassuring evidence that we have a great deal maker opening the batting for us. Millions of shares hitting the market helped get the great SP slide underway and what value is the 'plug and play' ever likely to deliver? Plug and play eh, there's another classic, I had taken some comfort from the 'exciting time for shareholders' but when you think back over all the glib soundbites I think he just can't help himself. Surely there is no way he can return a profit to all shareholders so what on earth is he thinking when he comes out with stuff like that??? I've got a fraction of exposure to BLOE compared to SOU so not being smug but just check out the calm, measured and cautious delivery of Paul Hayward.

GliUlivi there are rules around hostile takeovers to protect companies even on AIM believe it or not, if someone has these at their fingertips please share. I'm in a rush to get out the house and don't want to inadvertently post misleading information.

Whose turn is it?

Not so clever, you missed the successful extended well test and flaring at TE-7 then?

Utterly ridiculous so there is absolutely zero running room on the licence? I also think we're obsessing with the quoted value of TE-5 and overlooking the strategic importance of the resource. I've said before that world events are also moving in our favour and could just help Parsons get out with some dignity. Of course he's going to leave this escapade well and truly enriched personally but anything under 50p and his credibility is shot and surely his ability to head a publicly listed company would be fatally undermined even on AIM. For what it's worth I don't think this was a pump and dump, probably a rumour has got out that an offer has been made, possibly rejected and negotiations continue, guesswork.

I suspect there will have to be a statement. Mixed emotions for me and probably most LTH's, we're either on the brink of huge relief or massive disappointment. I think it bears repeating but if JP leaves any holder with losses while he walks away a rich man then the 'exciting time for shareholders' comment is his crassest yet.

Yes strange comment Longwait. If it were RNS'd that we were selling for 50p there would be a buying frenzy and swift suspension. On a rumour a normal market would operate with buying pressure. Look at how we slid down on the drilling leaks often without dramatic selling.