Member Info for Vernony

There must be an awfully strong temptation to refuse . Politically it costs them nothing and passes the buck to government to decide

Why is this surge in the SP ? Last two wells they drilled were capped and forgotten. What have I missed ?

Be rather strange if she doesn't allow fracking. Afterall she keeps ranting away about jobs, and shale represents jobs in to compensate for a failing oil industry. If she does not permit fracking then INEOS will scale down its operations , so a double whammy for jobs in Scotland

When a company is delisted, its stock no longer trades on one of the major stock exchanges. In a direct sense, nothing happens to a shareholder when delisting occurs. The shareholder still owns the same percentage of the company as before, and he is free to sell the shares to any willing buyer. However, in financial reality, the delisting of a company is usually a huge negative. It often occurs after a company goes bankrupt or as it approaches bankruptcy. Ownership When you buy a stock, you own it until you either sell it or, in some cases, the company redeems it from you. If a stock gets delisted, you don't have to hand over your ownership rights. However, those rights often become worthless. In many cases, delisting occurs due to corporate bankruptcy, which typically wipes out original shareholders in favor of newly issued stock. Even if you hold on to your delisted shares, you often won't receive any shares in the company when it emerges from bankruptcy. Albeit it borrowed money, they still have a working capital, but of course, there is always the possibility of the lender calling the money back in, if the company is delisted. I don't think the lenders would want to see the company go to the wall because it is doubtful if they will get their money back....But they have to start prospecting, otherwise their existing well output will continue to decline

https://hbr.org/2016/03/what-low-oil-prices-really-mean

https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX

Find this a little difficut to understand. Nothing sold since the 9th March yet the SP, today, has gone up 8.33%

It would be somehwat nice if this company gave us an RNS 'operations update' etc.. We do, after all, hold shares in this company !

Should start to rise gradually this week with anticipatory buying

Something is afoot, looking for an RNS. Whoops misled yestereday, some of my shares in this have increased by 100%, but some were bought at 25 pps way back before the oil price went into a nose dive

Yep, true, it could be market games, always that danger.But is has been more, or less persistent over the past two weeks and market skimmers tend to drop in and drop out at even the smallest of rises . I don't think it can be insider dealing either, because of the previous time lapse, and we would have had the RNS by now . So it looks like it might have been tipped by some obscure investment magazine. Luna Chronicle perhaps ! I am not going to argue with them though, Those moon people can see a lot from up there and I appreciate it, I've doubled my money already :)) (or at last should I say !)

Beginning to feel very superior because I did not dump my shares : ))

Hi Pabio2. Sorry, as I understand it, there are the terms of agreement of the loan which is set to run for X years (5 I think) They can't simply call in the loan unless there defaults on repayment (i.e. the agreement), or they are commercially unable to maintain the loan to CAZA. I can't see how they do not have to buy out shareholders, they can offer to buy them out, but that is optional. If they do not sell, then they would still own their shares. There are things that they can do as majority share holders which may conspire though their voting strength to dilute the shares further, but they would only be diluting their own shares at the same time. It does not seem right that Talara would want to end up as an oil company. My feeling is, that in time, Talara will dump shares from time to time, when it is advantageous for them to do so. Acutally the SP for CAZA has rocketed by 18.6% and has been going up for two days. I wonder if an RNS is coming out on Monday

I hear you, but it may not be that glum. The new share holder will presumable wish to make a profit on those shares and will endevour to push to company to succeed. If they manage that, even the paltry few shares the PIs own will rise in line with the majority of all shares. Of course they may wish to dump some of their shares, as time goes by, if it is profitable to them. If they do, then more shares will be returned to the market.I don't see the need for the majority share hold to buy out. They already have enough voting shares to do what they like to the company. The fact that they haven't seems to indicate that they just hope to make money from the arrangement, and do not wish to run an oil company

Well I appreciate your optimism, but I can't see the oil price rising whilst there is a glut of oil on the markets. To make it rise that would need some manipulation of the quantities made available for export and, at present, they are fighting for market share so unable to make deals with each other

https://petition.parliament.uk/petitions/112044

Presuably then Pablo you have already got rid of your shares in CAZA ? If so why are you on here at all ?

Royplum, but beware of committeeze . It is more designed to impress people with the command of the English language, than making serious statements. Extract the usability and integrity of the regulatory systems, including the planning system, which together set the parameters for shale development. This includes an early announcement to improve the timescales under the current planning system and going forward consideration of moving shale into national planning; unquote. In plain English "Are the rules, including the planning permission system, adequate . For parameters read 'Limits'. after which it reads, can it be speeded up !

As far as I can see, CAZA have a clear run for 5 years, provided that they can pay the annual interest on the loan . There are just a couple of things . First the price of oil v/v their break even point. Second, they need to get drilling more productive wells, to increase cash flow (and in that they have pretty well and proven oil in the ground territory). Thirdly. Some luck !

Well it has risen 11.8% today, not many shares turning in that sort of rise although it is probably eurphoria in the basis of the spud in, could sink again