S&S have got away with murder over the years. It really is time for them to go. Their knowledge of O&G appears to be very limited but when it comes to greed they have no equal.
Fact is DB has told one porkie too many, if, as we now expect, the Andrews Wells are poor producers DB should be ousted. He seems to be cut from the same cloth as S&S over at RBD.
Well S&S said last October that they had been given the nod on the permits which is clearly a lie. Then again I'm not sure they've ever told the truth God damn them to he'll. They've been careful not to mention any cash generation on CS , I agree the only route to monetisation is by floating or selling the field in its entirety or any revenue is years away.
Like all shareholders I want to make a profit (in this case minimise my loss) I just don't see how that's likely to happen with 2 bungling liars at the helm.
Still no update on the state of play with CS. But maybe UJO will smoke them out with their WN activity in 2025 remark. I doubt it as it's clear our ceo's don't give a flying ffok about their shareholders. We clearly need to get shot of the 2 lieing toads.
Gwynwyn, I'm prepared to accept a duster but not potential production figures being Bandits about by DB which seem to be completely wrong. That is unacceptable.
Thanks itsawrap. If it us 17bopd then that's going to cause us one he'll of a headache, which seems to be starting to take effect now. There seems to be a lot of things missing in DB'S statement.
So UJO's results are out & they mention activity on WN in 2025. So nothing this year whilst our 2 pieces of snot tell us nothing & pay themselves a fortune. Sickening.
I note with extreme displeasure that accurate flow rates for Andrews-1 have been (deliberately ) hidden.
With Wressle they have been much more forthcoming. DB has obviously bigged up expectations & has failed to deliver whilst his credibility sinks like a stone.
I cannot see any way that there wont be massive dilution IF Rathlin can find funding. I raised this point at the 2023 agm at which point the 2 smug p-ricks stated that as majority shareholders RBD would block any sub optimal attempt to screw Rathlin. Once again showing themselves to be utterly clueless.