Member Info for testpack3

SO - what are you going on about - NUOG. I didn't mention it, never been on their BB, never held any shares in it - Have u been on the plonk with crude? I know that you can read, it is the understanding bit which you obviously find difficult. Dear crude, coming out with his usual one line dismissive remark, and fails again to put any meat on the bones. I need a good laugh crude, so tell me what was your objective in being wheeled out at The Gherkin. I know that The Failure asked you, but I would like to know what you said, in a few lines will do nicely. Bet you don't reply. lol. If anyone reading this has heard his groveling ( Purely an SWAG on my behalf), can you please tell me the gist of his speech. Thanks in advance.

Most of us are aware of the shenanigans over the pond. I'm sure that most of us who do follow these unfolding events, watch in disbelief as a plethora of Republicans line up to defend POTUS. I can only think of crude who is probably a fan of his, with his anti-immigration stance etc. The point I'm making is that I , and others, are in disbelief as you lot line up to defend The Failure. Never let facts get in the way of BS, eh KTF.

JTF - since you are a 'freethinker', your belated decision on believing SOU will continue drilling, is understandable, and mirrors my thoughts of some months earlier, albeit based on differing reasons. However, your use today of Peter when referring to The Failures number 1 disciple smells of plagiarism. You read my post yesterday of 14.26. I only mention this since your use of Pinocchio when referring to The Failure was followed by a credit to other posters. lol.

This is an unfortunate term used by JTF, since one would normally associate this with buying a share now, in the belief it will rise, and hence sell at a profit. To be more correct, he should be saying going 'short', which will be the correct strategy if one believes that the LE will not happen and the drilling continues. and upon this news the sp will be hit very hard. Now, some of the more attentive posters will know, that very soon after The Failure announced the 'sale process', I was very clear that imo, it was a stalling tactic, after the 'shocks' of the '3 well drilll campaign'. JTF 'long' theory is merely based on radio silence from HQ, mine is based on the lack of overall knowledge of a CEO, a bean counter' in a OnG exploration company. His naivety is easily seen in his uber rampings, his many missed deadlines, his propensity to tell investors what they want to hear, his appointments to BOD, the laughable events of where key equipment was to be found before drilling could commence, ( which his followers took as a sign of a delay because of things happening in the background, and was orchestrated, lol), his taking SOU into Italy, his 'hiding' behind 'AIM RnRegs prevent me from commenting', although you couldn't clamp his mouth shut before the 2/3 well drill campaign. The guy is a Failure in many respects, except of course the ability to make himself wealthy with uber rampings'. I may be the only one here who wants the drill campaign to continue, because this is the only way to maximise SH value with a successful drill campaign, one obviously led by a n other with a new team. The Failure would never resign ( he likes to keep his snout in the trough), and would prefer the boot so that he can claim his Golden Goodbye. Lets finish on a high note. The Failure's 'Peter', is now pragmatic and not ecstatic. wow., and a few posts have not even mentioned the almighty. Hallelujah. This is obviously worrying for fellow disciples. All IMHO of course.

Seaton. I quote. 'Some people are just too stupid to own shares!'

i take it that you do not own any shares then.

Seaton. If you had more intelligence then you would be able to read, and more importantly, understand posters comments. However, I doubt that you will understand this post.

Loongwait and others. I never suggested that Roth. are part of a conspiracy. I'm sure The Failure would like to get an acceptable offer. My point is, and always has been, The Failure does not believe he will receive an offer that would restore his credibility. The 'for sale' sign is a way of stalling for more time, to finalise plans, B, C etc. I still believe we will drill. If that comes to pass, then I hope that PI's will ask for an EGM and vote this 'First Class Team' good riddance. Oh and BTW any thoughts on SM non-farmout after having many interested parties? Ring any bells? lol

Looongwait. I quote, 'And no-one so far has accused BM of talking BS.' Before the sp decimation, at one of the 'revival concerts', an attendee asked BM how many Golden Tickets he had. His reply was 'not enough'. This was BS, because when I mailed him he answered saying he was joking, and he thought the attendee realised that. Anything else you want to know?. lol. And yes, If The Failure asked him to say there were 10 interested parties, on his salary , he would. Oh BTW, no reply to the 'many interested parties to the farmout at SM'. You are like crude. only answer with innuendo and never address the important stuff.

Looooongwait.
I quote, ' Please tell us what difference it makes whether one director wrote it or another wrote it.'
If The Failure wrote it is is almost certainly BS, if The Chair wrote it, it would be taken on face value. Huge difference.

Yes, it was BM that alluded to 10 interested parties in the marketing of the assets(s). You may all remember that it was The Failure who stated in a RNS that there were many interested parties in the SM farmout, that was 2 years ago. Still waiting' lol. Because The Failure knows his word now is his bind, and probably got BM to utter the words in a sort of, 'off the cuff remark'. When I talk about a stalling process, there is no conspiracy, there is almost certainly a marketing campaign going on, but no-one on this board knows how it is being undertaken, with the exception that Rothschild's being employed give it credence. But, unlike most debates on here, this will be proven one way or t'other. We will all receive some kind of remuneration or we will continue drilling, or both, I suppose! lol.

JTF.
I see you have come round to my long held belief that the 'marketing' is a stalling process. I will be surprised if the company receive a recommendable bid. The Failure will, at that time, not disclose the bids, and simply say, 'the bids undervalued the assets, blah, blah, blah.'
In the event that drilling is to continue, and with your 'belief' in The Failure at an all time low, can like minded people rely on you and your twin to cast your votes on an EGM and remove him and others from office?

Sorry to hear about your sciatica, I wouldn't wish you on any disease. lol

Denby. Since the final divi is based on a distribution of a %age of profit for the whole year, then I'm afraid not even the CEO, CFO can answer yr question. If you do find out, let me know, because then I will have a very good idea of what the sp will be, and can make a killing by either going long or short.

You posted yesterday,
'Testpack3, is it not too early to be calling JP a failure? Surely you have to reserve judgement until after the asset/company is sold.'
Transformational Gas Exploration. Discover, Re-Rate, Repeat, Positioned for Success.
This is The Failures 'mantra'
On a scale of 1-10, please rate his success level on that 'mantra'.

Soundingoff... "he ignores these sad internet stalkers..."

Interesting choice of words, since it was crude who 'stalked' The Failure to firstly gain his attention, and then his friendship.

The comments about crude's share holdings are of little interest, but his willingness to accept everything The Failure has said, even in these 'dire' times, make me think he has not been 'factful' with his '' waiting for another pension to mature to buy more' when the sp was in the 40's, 50's 60's. Hmmmmm. I mailed The Failure a year or so ago about the company who received c£18K for internet services provided to SOU. His reply said that the company wanted to remain anonymous.!!! I found this very strange. I had the thought it was paid for 'ramping' the company. A few posters come to mind.

If, as I suspect, there will be no offers that the BOD can recommend, then of course The Failure has to go.He would have failed in his 'raison d'etre' of maximising shareholder value. It would be pointless, and quiet frankly, obscene, for the present BOD to continue with the fiascos we all witnessed over the much lauded '3 well drill campaign. Yes it will take more time to get a new CEO and ED in office, but, with SCHL committed, there is no reason why it, after consultation with OGIF, ONHYM and The Chair of SOU, look at a re-entering well(s), with an agenda to prove commerciality. There should be enough in the kitty to re-drill one well! Since we now are all firm believers in 'always expect the unexpected', then The Failure might surprise me. But that is highly doubtful. I have a mail from him, which will prove his ineptitude in the event of a no-sale, and I will share with you after the event if there is any interest.

I believe the 'sale' is fake News, to quote another BS extrodinaire.Yes, the For Sale sign may be up, but I do not think The Failure believes that he will receive 'acceptable' offers. I can see the RNS now - 'The BOD after careful consideration believe the assets of The Company have been significantly under-valued in the recent bidding process, and have decided to terminate the sale process.' I have seen a RNS which stated that there was a 'pause' in drilling to enable the sale process etc. The BOD , I think are intent on further drilling, but want time to re-assess drilling locations, and perhaps a different strategy, involving SM and Annoule. In the unlikely event that a bid does come in valuing each SOU share at say a £ or above, then The Failure would then certainly ask for SH approval. If further drilling was to take place, I would be in favour of an EGM to oust The Failure and get a proper OnG person in charge.

Seaton. I quote you:

'Not all people in the Midlands live in the Black Country you know so please don't stereotype all midlanders with that insult.'

An insult to live in the Midlands'. You idiot. It's name derives from the heavy industries which gravitated around the Birmingham, Wolverhampton area. It is the Birthplace of Industry you ignorant plank. Get educated.

I hope these 10+ 'interested parties' are not the same ones as The Failure said were interested in the SM farmout nearly 2 years ago, and we are still waiting! Sarah, in one of her replies to a poster confirmed that the farmout process is still ongoing - really.
I believe this is again all spin from a company devoid of new thought and ideas. It is common good business practice in a farmout process to give a deadline for offers. What a shambles.

Whilst channel flicking I came across an event in Austin (TX) called Spamarama. One of the events is cordon bleu spam recipes. the winner receiving the Spamerica Cup. A visit to YouTube might be well worthwhile if you not presently exploring higher cuisine than spam fritters.