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I think there has been to much time spent on discussing an analysis that is just a breakdown of some of the minimalistic points made over the previous 18months.
Questioning the BOD experience in their proven fields not only shows lack of knowledge but nonsense. What has been achieved, within to the timelines, generating the available cash resources and our non core assets is nothing short of magnificent. The agreement with BP in itself is testament to our CEO and shows that a company of BPs magnitude is willing to deal with our BOD is testament to the respect they have within the ‘OIL Industry’
Make no mistake they are held in high regard.
Good morning all
We need a more experienced team in the US, really! What a load of nonsense and derogatory towards the BOD. Individuals who air their opinions should do their research beforehand as this will stop them making fools of themselves.
We have one of the most experienced teams in the oil sector period, world wide.
There is nothing new or defining within the article. It’s just the views of the forum, at least some, therefor adds nothing of value, optimism or negativity sort of middle of the road. No doubt others will have their take on it.
All that matters at this point of time is the update/results being posted by our beloved CEO confirming what we all think and hope for. What type of new year are we going to have and will be that mid tier oil producing company being circled by the big boys. I still believe BP, if the results are good of course, will have us in a heart beat and our leader will duly oblige.
V111
Hope your well.
I concur and do believe that time is running out to jump onboard at the current SP. I’m hoping that it jumps, SP, a couple of points in the coming weeks. I would be content with 8.5p by mid January. If the update is what’s expected then it may hit double digits. Let’s see what appertains as we move forward to TD.
Good morning all
Bang on update. No need to ponder on what has been added to non core assets there. C.H is so focused on value for the company, providing that value when the opportunity arises. For those that kept going on about the BOD adding shares to their portfolio, they have done just that.
Those investors with their heads underwater can sit back, relax, have a lovely Xmas knowing their investment in our company was indeed a very nice one.
Good morning
Srdoddy
I get your frustrations but just give it another week and see what appertains. C.H has done extremely well to get us to this point. The SP will stay stagnant until we get confirmation that we have reached TD and the data.You’ve lasted this long just be patient my friend. I will be out in the coming month and could have sold my holding at 7p just over a week ago but I know that good news is imminent. My confidence comes from previous emails to the company and the replies that is received. The BOD hands are tied as to what they can say but there is positivity within their replies and good enough for me to hold until updates are received.
S2
If you told C.H that a well would not be drilled, he too would call you. The point here is the BOD have been utilising our assets, building our non core assets in the meantime, so they are doing their bit and some to get us to we’re we are whilst waiting on the permits. We all knew, well some of us at least, that the permits would have taken longer because of the additional land leases. My holding will be going soon but don’t hold the BOD accountable for the SP not being were I suspected it would be. They are a credit to the company and so professional with it.
Setanta1
The BOD may/will hold shares in family members names. C.H, Rick Grant and Chris Eddie will hold shares through their company Origin Creek Energy. Why would they want to declare that they have millions of shares when they don’t have to. What about the millions of shares that are being purchased, we think it’s institutions, without them being declared. How do you know it’s not the. Why do you keep mentioning that the BOD are not buying. This is not normal practice to keep harping on about the same negative points. It’s great to have a debate but this is just a case of sheer negativity.
Theyknowitall
Of course the BOD have delivered for the shareholders you sold at a fantastic profit so did I. You are talking a load of nonsense and changing your views as it suits. So you never gained being invested at 0.5p and selling at 6p. Those are your words so the BOD did indeed give value. Your telling lies.
Theyknowitall
You posted on this forum 2 days ago when you called the company for the lack of progression the last 18months. Then you come on saying that you sold your holding in the company. Why all the false nonsense and it just amounts to scaremongering.
Ezhik
Non core assets were the main reason for upping my investment, I have mentioned this on a few occasions, as the value was unbelievable and it sounded to good to be true but here we are in a very nice position. If BP is interested in our non core assets why the hell are investors intent in continuously disregarding them. There is a lack of common sense or either these supposed LTH/investors are not really invested at all and are intent on just scaremongering because they offloaded their shares at a considerably lower SP.
This year isn’t finished yet and we should be getting some form of feed back in the next couple of weeks. There are no reasons why we shouldn’t based on the fact that preparations for the drilling of the wells, had been ongoing prior to permits being signed off.
Let’s keep optimistic but realistic with our assumptions, stop finger pointing at the BOD and give them the benefit of any doubts until we get well data back.
Setanta1
I managed to sell 4.2 mil shares to make my recent purchase so you should be able to offload that amount and the MMs will be very happy to take them off your hands. C.H missed the webinar but that was purely down to the permits not being signed off. If the company would have had the webinar but not had confirmation the permits had been granted, they would have been slated for not waiting. You have your issues, to me they are nothing more than little hiccups, and are to be expected. Even though I will be selling my outstanding holding next month, won’t see as much gains as hoped, do not see this as C.H/BOD fault, overall I am very content with how our management have conducted themselves and got us to we’re we are very fortunate to be pal.
Setanta1
You mentioned we had t accept a poor deal/placing, what deal would that be. I was more than happy with the deal we struck as our non core assets offset any deals that we would strike.
What about hedging 50% of our production to BP was that a bad deal.
You keep going on about the bad deals, Boeing told we would be producing oil when we won’t be.
What confuses me is you continually have these ongoing doubts about the way our company is being handled, the mistruths, but you’ve been invested in our company, 7mil shares you say, and have been invested since the SP was 0.6p which gives you a profit of almost £400k and you are still disappointed. This is not normal and it would seem you will never be pleased no matter what deals our BOD strikes.
Sorry for the errors but this is what the middle of the paragraph should have read as-
I’ve been part of this company for many years and no one should doubt, but believe, the seismic data and previous production tells us that we do in fact have a wonderful quality of oil beneath our feet.