Member Info for Uggy100

Pboo c'mon now there will have been some down time while testing of the turbines was being carried out.
Apparently share talk has alluded to an increase in tanker traffic of late.

deemule you are a demented oaf who insists I am persimmon when he knows I'm not.
Listen to him if you want but in the past he's proved himself to be just as stupid as the 2 fools in charge.

moniman, Ponzi scheme certainly not & I have never stated it was. Badly run/manages yes bt people who are clearly not up to the job. I have said before success here will be in spite of the dynamic duo. When it comes to the insti's involement their stake represents a small %age of the funds they manage so can afford to be a bit blase about it, I'm sure they have made bad decisions in the past & will in the future.
I ask you again, are you really happy with the way they run the business or do you regard them as being a disappointment ???

moniman I 'invested' here several years ago & have always stated I was in til WN results came through ( I believe the next drill will be delayed).
During that time I have seen the oil column at WN disappear in any plans, the oil saturated cores on the cadeby reef prove to be garbage, Perta a basket case & a truly disastrous tie up with Daybreak in Cali.
We have also recently listen to toad 2 (Sw) state that NPV10 values were inappropriate for their projects. We all knew that I think but to get such a carp price for Victory sale was shocking. The 2 fools have failed at every turn whilst making themselves wealthy in the process. They are so clearly incapable but we have to endure the pain. We now have reached the stage where the vast majority of shareholders don't believe a word they say (question, do you ? ). Simwell was an unnecessary trade imo & like many I suspect am fed up with their rhetoric.
So if I choose to **** off the 2 truly dreadfull idiots I will.

IF the buyback takes place the shares will be held in treasury I'm afraid.
Knowing the 2 fools willingness to issue paper like confetti I wouldn't expect them to be held in treasury for too long.

More to the point, what garbage are we expecting to be spouted at the GM tomorrow ?

Bearing in mind the 2 fools performance I would imagine any friendship is wearing thin.

Heid, your ramblings are garbage. Are you gonna be serving teas at the energy forum ?

Anything is better than the 2 toads we have now.

C'mon deemule, with the exception of Laxford all the other licenses are targets only needing an exploration drill. Hardly what we signed up for is it. Most of said targets are on the small side for the NS & are hardly likely to interest a bigger player.
I think we can already consider them failures. Every podcast is full of the same drivel.

And in the meantime moniman there's the WN issue of funding. They remain tight lipped on that & spin out Dunrobin, other NS assets & Simwell as a pr exercise.
They also prefer to keep us in the dark about Parta & Cali. Thats unfofgivable imo, they're treating their shareholders like mushrooms which is an outrage.

Listened to the interview. All fluff with fool 1 Oza reverting to type quoting npv10 numbers again.

deemule, you know what your drivel is just as bad. The 2 fools running the show are hopeless whilst paying themselves a fortune. Lth's have been destryed by their actions. As a consequence we should all have a right to vent our spleens about a truly hopeless management. I have said before that success here will be in spite of them, not because of them. You yourself have issue's with them so cut the carp.

You can see what the market thinks of it from the sp action on Delt & UPL.
A 34% gcs is not great, far from it & the commercial chan oos is likely to be about 20%

Snip RM has already gone. Stensgaard is still there & imo is just as culpable as McIlree so should be sacked forthwith. His position has to be untenable.

Manwell. Rathlin only has 1 asset (WN) & as such will find it difficult to raise funds so I would imagine they'd come cap in hand to us. WN is becoming a black hole for cash which is why I'm not keen on Simwell . As you say its the same play so, to me at least, it seems we have enough exposure to the Zechstein.

Flash, the whole BoD should have been sacked a long time ago. Their behaviour has been criminal.

Many of us question why Simwell was bought.
To me it just highlights how completely clueless the 2 bozos are. Soooo many poor decisions over the years just clarifies they know nothing about the o & g market & are probably a laughing stock.
Quite how they justify their remuneration package is beyond me.

golden, if the new chairman is any good he'll be getting rid of his utterly contemptable directors.

KeithOz, think you're right about the uninvestable part. Never have I seen such a mess of a company. Years & millions of £'s wasted for what ?? The whole BoD should be hanging their heads in shame. Actually time for a clean sweep with a new broom & bin the lot of them.