Member Info for V111JAS

12.39 ; " The Gassiest place on earth! "
LoL ! Very witty .
Which might not be all hot air , it might just become a reality .
GL .

~~~ Yes , best wishes Hepseal .

NO !
You need to convert AUS $ to GBP .
ASX is simply following LSE ~~~ it shows a small tick up .

NO : The AUS finish is ~~~ 35p/ 40p . Which is in fact a small rise on the closing here yesterday .

Benroy : Tanks , but that report is about two years old .
In essence it was critical fo DW`s then salary , the Company performance and shareholder return . BUT ~~~
Since then , we have been subjected to further dilution through several capital raises and worse still , Winx and now Charlie are both plugged and abandoned . Both outcomes have been financially destructive for shareholders ( DW is not a shareholder!)
In the mean time , suggested rebates from SOA have been receding further into the horizon .
Also during this time further valuable finances have been expended on additional acreage .
In this context if DW`s salary was `Generous above the Median` two years ago , perhaps today you might be forgiven for describing it as ~`Outrageous`.
That`s without considering the implications of this Global virus .

I notice that my post ~ 16.44 received reasonable support .
I feel strongly about this issue , however I am am not in a position to contribute at the AGM.
I have therefore sent a copy of the 16.44 post direct to 88e
In view of the Global situation and the specific circumstances impacting 88e today , I hope that DW will accept that change is immediately required .
Perhaps if those who agree and those who voted the post up also send it direct to the Company , it might have the desired effect . DW should certainly address the issue at the AGM .
Regards . V111JAS .

In line with many Companies , DW must now give serious consideration to the payroll .
Specifically his own salary , which is way out of line for this enterprise when compared to most Footsie 250`s , let alone a tiny AIM oil explorer . The current climate makes this both urgent and even more appropriate .
A cut of c. 40% , which would still see him with a take in excess of c. $400 k pa would seem in order to me .
Remember he still has huge options , his reward should be to get them to kick in at around 3p.
To date , it`s a clear case of over pay for under delivery . That is out of order for this Company .
I trust this issue will be raised with some determination at the AGM .
imo.

Tondy ; 16.09 , Also my thoughts .
Down (a lot !) but NOT out .
PMO gone , they have gone positive today having already written off $23 m cost of drill .
We would be far better off with EXXON than PMO should the Gas be a commercial prospect .
The poke into HRZ for small cost to 88e , may yet prove valuable . Results in June .
A lot of hot money gone which has a disproportionate impact on the SP , I expect some stability possible bounce this week .

~~~ BUT ~~~ Sill a very disappointing day .
GLA Remainers !

JofHoggit : ~~~ Good Post ! Totally logical and on the face of it a perfectly realisable , realistic outcome .
BUT ! ~~~
1. Current oil wars , oil price , future demand .
2. Past disappointments have diminished enthusiasm .
3. Virus climate has damaged investor wealth / confidence / free cash .
4. Over exposure due to dilution , implying sizable numbers may be determined to top slice .
5. Indiscernible FOMO ,`Herd ` may retreat on any spike .
6. Limited II stability influence .
7. This is AIM ! Totally illogical !

Hopefully , all these negatives will be swept aside in a wave of enthusiasm for future potential and the outcome of the flow results . I would also think that when this Global Lockdown starts to ease , the big oil customers in travel , industry , and power will quickly impact demand . All the positives have been posted here many times over , but until we get the FACTS , we are all just guessing .
My `Guess` is that this VERY long term adventure will work out VERY well , especially for all the VERY long term holders !
Best of luck .
ps; ... Let`s hope your logic prevails .

Hi Thordon ! I was only looking at TLW . i never bought any , in part for exactly the reasons you mention .
Instead , I bought some more BLOE , which I consider to be exceptionally cheap on a six month view and likely to out perform most O&G small caps . My enthusiasm is enhanced by the fact that this is primarily a GAS operation which is currently being commercialised , the infrastructure is under construction , that the state is actively supporting its development and , the Country desperately needs this resource in house at a competitive price .
Best of luck .

Great timing on TLW Ezhik , I was also looking at TLW , but I bought a few more here last week !
Interesting perspective re BLOE , but I think you`re a bit light over your year end estimates .
Assuming this Virus recedes and there is some recovery , I think you are very light , but your TWL should do very well .
Surely news here very soon , perhaps this week .
GL.

Dontcopymytrades ; Exactly the sort of activity that impacted trading today .
Thanks for clarifying , and good luck .

19.42 & 20.47 ~~~ Totally agree !
Possibly too late to be in and too late to get out now .(Which might in part explain today`s lack lustre performance .)
That`s a great holding AzzyMan !
Best of luck to you and all LTH `s .

Our resident Virus states :
~~~ "I am not all in here or indeed all in, in any shares "~~~
Which translates into a `Truthful , Untruth `.
ie : Not in here or any other share .
I imagine anyone with an interest in any other Company would post on the thread pertaining to that Company .
Unfortunately since the Virus started to infect this thread just over two years ago , this is the only Company it is focused on infesting .
Is it getting paid to deramp here , or is it some mental illness affecting terminally the host carrier ?
~~~ Fingers crossed for that .

Not really Tony , Lekoil had a spread of around 62% this week !!!
Clearly they don`t want buys , and some may be panicked to sell .
Those forced to sell are gifting low priced stock to the MM .
Who knows how these Guys work , all we know is that they are the ones who make the money .
Fwiw ; my feeling is that these huge spreads are a consequence of the MM not having enough information to be confident of making a profitable market , which sort of fits with the current backdrop to both LEK and BLOE .
Stay safe , Stay cool , and GLA .

Today`s MM machinations may be something to do with the last trading day of the UK financial year .
Monday just might be too late for those hoping to take a position at this depressed price point .
Also , Oil Wars solution might just give the sector a kick on Monday .
GL .

Pleased and very relieved !
No mention of $7M and March lifting ?
Presumably all OK .
VGLA .

22.50 ~~~ :)))
ignore the whimpering and the non invested detractors !
GL.

Apologies for the breakup of that post !

~~~ I wonder how they survive in the real world .
Telling us they are going to sell at `x `price , or derisk when the sp i is `x` , seems to me to be totally pointless .
Personally I don`t care , and have no interest in what these people do ~~~
Just do it !