RE: Production28 Apr 2026 17:36
That's where are wrong Bluebeard, the LTIP although a clever move by the board but is standard practice in the case of a change of control.
The fact that the company issued 94,378,108 new awards just weeks before the May 15th government deadline is significant.
Standard Practice: Companies often "refresh" their LTIPs before a major transaction to ensure the management team is properly compensated for the "exit" value they've created.
The Signal: It suggests the Board believes a "Value Triggering Event" (like a farm-in or takeover) is highly likely in the near term.The fact that the company issued 94,378,108 new awards just weeks before the May 15th government deadline is significant.
Standard Practice: Companies often "refresh" their LTIPs before a major transaction to ensure the management team is properly compensated for the "exit" value they've created.
The Signal: It suggests the Board believes a "Value Triggering Event" (like a farm-in or takeover) is highly likely in the near term.