Member Info for TheCondorMan

Court case action mentioned... that's a spanner in any deal sign off

Yes please do... what if a team promises year after year for 6 + years, to that they will win the Premier League... but fail to do so year after year?

And the same bloke who said this :

"full Tulu Kapi construction to commence from the end of the wet season in October 2022"

rigggght !!

You mean the same Aussie that said :

“confidence that development will commence in 2015 leading to commissioning at the end of 2016 for production in 2017”

?? Rigggght !!

BP, you come across as this forum's equivalent of a drunk (but friendly) tramp who hangs around convenience stores, shouting random words at passers by.

Do you have the link please? thnx

he has a degree in geology from liverpool university. and a master’s in petroleum geology at imperial college london.

as soon as he joined lasmo, he was posted to indonesia aged 26. for 20 years at lasmo, he worked on some of their biggest projects around the world. indonesia was lasmo’s most active area it saw a lot of exploratory drilling in the early 1980s. under his stewardship lasmo discovered the madura bd gas field in the madura strait, off east java, indonesia. the field is a major gas producer.

in the 1990s he moved to colombia, where he was acting exploration manager. he then relocated to vietnam, where as exploration manager, made 3 big discoveries.

then in 1997, buck and his family moved to libya, where he spent the next five years. he stayed on after eni acquired lasmo in 2001, taking a post as country manger in ****stan and then later in iran. i was a shareholder in lasmo at the time when it got taken over at a hefty premium by eni.

he left eni in 2006, when salamander energy head hunted him. he moved to singapore as the company’s chief operating officer, a position he held until 2015, when salamander was taken over by ophir energy.

he then did some consulting work for a while until petro matad came along in 2017.

in total he has over 35 years of experience in international exploration and production.

not if you think you can do better, which the way you are posting, implies you certainly can - apply for his job.... i'm sure the institutional holders will be falling over themselves to employ a bright spark arm chair exploration and negotiation guru like yourself.

get a grip and stop the whining. you may have been in this for 5 years or more and feeling very sore.. but not everyone is in the same boat.... so they dont want to be reading mundane housewife type whinging about being in a dud for 5 years .... ad infinitum. stop the repetitive whining - we get it, you are hurt, mike is a failed ceo blah blah blah... spare us the droning..

"You can't name his 1 success in the past 5 years"

then what ? if i did or didnt, what then ?

"The only person to blame for the failure is MB. "

and ?

"We all invested here in to a company which has so much potential. We are all let down by one man."

and ?

" He had one which was an obvious one to find which was heron and even that he screwed up."

and ?

So no doubt an update will be attached with it.

Master, you are sounding like a lover scorned. all this whinging, giving precious advice as to what mongolia should do and shouldnt do, what matd should do, etc .... you really think it's going affect change ?

You seem to come across as a manic depressive with your relentless personal attacks against MB, and mongolia. For a start, Mongolia is a sovereign country, it can run itself, exactly the way it wants to, without armchair geo politicians like you giving them priceless advice and calling them a "3rd world country"... it's stupidly arrogant and pompous. As for MB, he is there by the support of the institutional investors. He was bought in by them.... his experience in the oil sector is 2nd to none.. working in africa, uk etc... even was leading guy for Lasmo when it got taken over. So your rants and crying as to what he's done wrong and what he should do etc.. is just childish tripe.

You need to take a long look in the mirror and stop your pathetic and sad crying into your milk attitude. This is AIM... every stock on AIM comes with a massive wealth warning. In a relationship, if things turn sour, you split and move on. You on the other hand, just rant and hurl pathetic advice knowing full well it'll be useless.

These boards are not a therapy centre where scorned investors like you can vent your frustrations to get things of their chests.... as that is as pointless as venting your anger at your shadow for following you around everywhere you go.

Man up, take responsibility for your actions - no one to blame but yourself.

Towards the end, he confirms oil production and revenue is still on for "within this year".

Question no 4 : Why is master82 such a pathetic drama queen ?

You are the joker rob .. the court jester... at whom everyone is laughing. You have to be most gullible fools on these boards. You spiel could've been written multiple times over the past c8 years. And i bet you certainly did that in some shape or form. Each and everytime HAA does his gob5hite presentation, mugs like you forget all the similar rose tinted garbage he said previously, on multiple occasions, which never materialised and cheer HAA as the saviour who will lead you all to the promise land.

How the feckkk can he be proud of decimating shareholder value over the past decade by over 95% ? What is the point of being proud when shareholders have been shafted ?

What is there to be proud of, turning 60m shares into 85 BILLION shares (pre consolidation) ?

Of course he's proud, Kefi is a lifestyle company, and it's done very well for him, even though shareholders who have been in this for more than a few years, have been all but wiped out.

They are currently running on HAA hot air:

back in June:

In May 2023, the Company announced the successful completion of an unconditional placement of £5.5 million and, subject to shareholder approval at the annual general meeting on 30 June 2023, a further placement of £0.9 million. As of the date of this financial report, £5.1 million has been utilised by the Company to bring creditors into normal trading terms, repay its debts and increase working capital.

====

so net £1.3m as at 9 June

and immediately following the above, it states :

Forecasts show that the Group will require additional funding in Q3 2023 to meet project development, working capital needs and other planned expenditures.

Are you deliberately acting daft and ignorant or just being your usual deceitful self ?

the company clearly said the last placing proceeds were used to pay off debt.

And you conveniently leave out ... "working capital needs and other planned expenditures."

"Forecasts show that the Group will require additional funding in Q3 2023 to meet project development, working capital needs and other planned expenditures."

"The changes within the Directive are positive for the country and KEFI is incorporating for its own situation."

and what is the new directive ?.... typical banana republic non free market tosh

----

Total surrender amount is increased: Under the New Directive, exporters and inward remittance earners are required to surrender 70% of their total earnings to NBE. Previously, exporters and inward remittance earners were required to surrender 50% of their total earnings to NBE.

Amount of proceeds to be retained is significantly decreased: Under the Old Directive, retaining 40% of the total foreign currency earning for indeterminate period of time in a retention account was permitted after deduction of the 50% surrender requirement. The remaining 10% of foreign currency amount was required to be surrendered to the respective commercial banks based on the prevailing exchange rate and using the buying rate. Under the New Directive, the amount of foreign currency to be surrendered has increased significantly. Commercial banks are required to surrender 70% of the total foreign currency earning from export and remittance earnings to the NBE. The remaining 10% of the foreign currency amount is required to be surrendered to the respective commercial banks based on the prevailing exchange rate and using the buying rate.

Simply put, the New Directive changed the allocation to 70% - 20% - 10% (70 percent to NBE, 20 percent to the retention account for the benefit of exporters and inward remittance earners and 10 percent to commercial banks)

-----

so kefi is left with net 20% of the original $$ funds. Joke of a deal