Member Info for Uggy100

Interesting listen (I saw it at the time it was published). With the benefit of hindsight it has more holes than a swiss cheese.

1. C/ Victory sale- a damming indictment of their eagerness to egg up the value as evidenced by Ozas own mouth. (Incidently the requisition site alludes to the fact that there was, in their view, more than just 1 interested partner.
2.WN- screwed up wells & the large oil leg completely airbrushed out. We now have to rely on lab tests being transferable to actual reservoir conditions. Over exposed to this project due to their poor management.
3. Daybreak-we now find that the cash raised has disappeared with NO wells drilled. More evidence of gross mismanagement.
4.Parte-another screwed up well, trying to find a farm in partner & looking for a license extension. We now know this is on hold.

So on this basis do we think they deserve the remuneration package they currently enjoy ? I freakin don't.

Quite simply we have been so poorly seved by the 2 fools a change is lealy needed.
If they remain do we really think their modus operandi would change ? I think not.

That will be tough as I'm in hospital !

OO, they've been frugal with the truth for years. Couple lieing toe rags.

Yes it does the 2 fools are an absolute disgrace.

deemule there was a time when they believed in their strategy. They decided to go for massive remuneration packages some time ago when they realised they were not up to scatch when it came to running a company in the O&G industry. They are inept, result they get richer while we get shafted.

The control premium is just a blind, a change at BOD level is not a takeover per se. As for the other allegations well they could equally apply to the incumbents.
I might also add that in the June investor evening they stated the sale of C would be financially transformational for the Co. They already knew the sale price so imo that was a complete & utter lie. Do they deserve to stay in control ? In my view NO.

moniman you're a fan of the current BOD I know & thats fair enough but do you really believe they have acted in our best interest ? They constantly hide behind NPV10 valuations which we all know are pie in the sky yet still maintain the same rhetoric. I'm not saying the challengers are "White Knights" far from it. But there is every possibility they will have a better grasp of the O&G industry.
For my part I have put up with the constant underperformance by the 2 fools for far too long. Time for a change imo.

Yes deemule, cali is a disaster & in their recent interviews they still harp on about it being an asset despite most of ud thinking it's a busted flush. Do they really think we don't do research on our investments ??. I'm sure someone would have sent in a question about it which they conveniently ignored. It is also interesting to note that Kamran received shares in Daybreak at half the price we got. Presumably as a fee for brokering the deal. In a way you could think that the 2 fools have zero business accumen. Whatever the outcome on the vote I expect sparks to fly at the EGM !

Fact is the dynamic duo have never been open with its shareholders & as such their behaviour has always been in question.
In the podcast SW mentioned the Si.well license & as far as I'm aware 3d seismics were conducted earlier this year. I'm still ambivalent about that acquisitio but we'll have to wait & see.
He also as good as promised news on farm outs on a copla the NS assets. Lets hope that statement comes to fruition.

Well I vored in favour of the resolutions but respect everyones feelings. To be honest I expect S&S to win it.
Pershing may be dodgy but then I think our current lot are too. Interesting thatits forced them to tell us a few things that I doubt they would have if this had'nt happenned.

Novykluk. It's pretty clear my post was aimed at Heid, a poster who lambasts people for posting on the UJO BB for not holding any shares yet feels it is ok for her to do exactly that. If you had a brain you should have understood that.
As for Ahris being a Pershing plant that may be so. However are you not merely the other side of the same coin ?

Ahris is not as out of order as you are for posting your drivel on a BB where you hold no shares. Buzz off you troll.

My biggest concern is that if the boy wonders hang on at the helm by even the smallest margin they will regard it as vindication of their "strategy" & carry on riding roughshod over we long suffering shareholders.
Clearly they should realise things need to change.

Dismal performance on Proactiv by the 2 fools. You can feel the reluctance by them to provide more meat on the bone re the missing millions from the C deal. Shifty at best, get rid of them.

Is that a promise Heid ? If so good riddance.

Heid as you hold no shares you can't vote so cut that carp out. In addition you state they have the support of the O&G industry !!! Absolute garbage but in your own narcisstic world you may actually believe what you say. Just f*** off.

Usual rubbish from you deemule. Yes I em an arch critic of S&S but am being proved right. You however have defended them & got it wrong.
I reiterate to everyone here that I am not persimmon & deemule needs to wind his neck in. He has accused many people of this over the years simply because they have disagreed with his mantra.
Make your own decisions but don't take what he says as gospel.

Exactly itsawrap, they have been a complete disgrace & their continued reference to npv10 numbers is misleading at best.

Heid you are an utter fool who is just so far up your own **** its frightening. Once again I say buzz off, go back to the UJO bb & your continuous ramping there.you troll.

Claire the 2 fools made it all about WN years ago due to their overinvestment in 1 project. Should have been booted years ago.