The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Izstar - agreed. Look at the farce that was Morocco. Nearly 1.7 million pounds spent and thrown down the drain. To put that into perspective that’s nearly 20% of our market capital. Then we have the geothermal study that also now seems to be dropped. We also now require to complete more reprocessing work on Ireland before recommencing the farm out process. Our board other than Brian are clueless and paid handsomely for complete failure across numerous fronts. Change is required and quickly!!
Les - SO is useless and needs to go asap IMO! He has failed miserably and didn’t even bother to issue any statement following the failure of Serenity until they released the EOY results. He does not keep shareholders updated and should be getting held to account for that. I would like to see him release a clear vision and strategy with clear timelines around how and when shareholder value will be delivered. I really hope the large shareholders who hold the power also have similar views to mine and are exerting pressure behind the scenes.
VernetLes - agree that a stake in Inishkae may well be their primary goal. Mr Ryan can’t sit on his hands forever given the current energy crisis. I think Simon and others may well be aware of this too and hence why we now have Institutional interest now. Gas prices are through the roof and likely to remain so for the foreseeable and it is a drill ready prospect too and so can potentially be brought to market quickly given the right farm-in partner(s).
Market is pathetic. MM’s quick enough to drop price with quite often very little substance behind the drop. Then upon good news like today’s they yet again provide no share price uplift when the price increase should be significant given our market capital. Absolute joke! Rant over.
All - are they required to notify shareholders on the start date of proppant squeeze operations, or will we only hear from Simon and co once the operations have been completed and the results are known. It only takes a total of 2 days to complete the ops, but around 1 week to get all the gear setup ?
I was on the DELT website last night and the share price was showing as 1.5p, up over 9% on the day with the time of the last trade showing around 10.25pm. However share price opens up at the previous level of 1.375p. Anyone got any idea what’s going on here? Today it’s also showing 1.375p on the DELT website again.
My votes now cast. Would encourage all holders to do likewise in order that we can remove this corrupt BOD.
Me too Serif......personally I thought we would’ve jumped more on the RNS announcement although that may come when the real confirmation RNS lands. EDR were up about 28% though and have a similar market capitalisation to ours hence why I was looking for more.
Mike - agreed but we are also now fully funded for Delt part of two drills. We would’ve had to fund that at some point and given the predicament many small oil and gas exploration companies now find themselves in as a result of the pandemic it was maybe no bad thing. I do however agree with your view that progress has been painfully slow. I have been in here for a number of years now with nothing to show thus far. However let’s all hope that this situation changes during 2021.