Member Info for wealdpwr

Charlie London

From Lord Lucan's comments he said Vonk ended up in a disagreement with shareholders towards end of 2018, wasn’t able to come to market with regular fundraise and so raised unsatisfactory convertible loan note.

We know that shareholder is JTP as he did the requisition - and the timing is very close. It stands to reason, if JTP wasn't playing games (not the first time for JTP) , shareholders would have benefited from better financing..which was clearly necessary.

Agreed Wolf, though I think you are being slightly generous.

Real Analyst

I find inherent contradictions in your view of fraud. Firstly if Yanis believes there is fraud , he should report it. This idea of waiting to see if the share recovers and reporting if it does not, is not exactly standing up for the greater good.

Secondly, as an LTH i recall what Vonk said as well, he said he expected 400 given the published CPR which stated a range of 150 BOPD to 1200BOPD. All said before they drilled. If you don't expect results, there was no point in drilling in the first place. I do not see how this is fraud.

I think it also distracts from something more serious as we know from Winnifrith when he said," ”Tidswell did not just “contemplate” ( as per the RNS lie) but did in fact actually sign a full loan agreement with America 2030 and, under that agreement, the Yanks were totally entitled to sell shares which they did. In other words America 2030 acted honourably and to the letter of the law while Tidswell caused THREE RNS’s to go out lying about the affair. And that is why Tidswell has not been reappointed to the board. A man who caused his company to issue lies via RNS on three occasions regarding share dealing by himself during a closed period"...

If he was wrong, why hasn't JTP sued him? Seems to me Winnifrith has the loan agreement.

B2HS2L

You forgot the Leningas payment for Lidsey.

Yanis2005

JA51 should be ignored. That said , if you think JTP broke FCA and AIM rules, he obviously broke company rules. The two are not mutually exclusive. This is true for all companies.

GMPH1

I find it quite disappointing, you are blaming Vonk for this mess given it was created by JTP and Lord Lucan.Vonk left the company 5 months ago and the company has been quite clear that JTP was responsible and remained responsible for all operations. And is it not true the entire ops team other than the BOD remain? Also, ask yourself:

- Was JTP removed from the BOD for a good reason?
- Did JTP launch requisition without stating it was his own?
-Did Leningas receive a mates payment for Lidsey? Did you?
-Did JTP secretly attempt to sell his shares during a closed period?
- Did respected and experienced O&G executives on the BOD resign after JTP's games?

You may be right that JTP wants a higher share price but he doesn't give a toss about you or any other shareholders. I also doubt you can demonstrate with facts not with what you heard, that Vonk lied.

Wile E Coyote, you are absolutely correct, investors are missing the big picture. The big picture based on facts, as described by Wolf in his excellent posts , not misplaced optimism or thoughtless pessimism.

To Alan's point, all this rubbish about improved governance is nonsense. The governance problem all along has been JTP. Remember what Winnifrith wrote:

"Tidswell did not just “contemplate” ( as per the RNS lie) but did in fact actually sign a full loan agreement with America 2030 and, under that agreement, the Yanks were totally entitled to sell shares which they did. In other words America 2030 acted honourably and to the letter of the law while Tidswell caused THREE RNS’s to go out lying about the affair. And that is why Tidswell has not been reappointed to the board. A man who caused his company to issue lies via RNS on three occasions regarding share dealing by himself during a closed period"

Excellent post Wolf.

SILAS 242

As far as I can tell , the compliance mess he inherited was JTP - that hasn't gone away. If they had anything at Brockham, we would have known by now. Partners would be throwing in money if there was oil (not fight about their obligation). Otherwise, nice love letter to Lord Lucan.

Off for the weekend.

GLA

loot

Can you please point out to me where JTP had no responsibility or little to do with operations? Are you saying he was paid w expenses to do nothing ?

Alan2017

Can you explain why you said Vonk was responsible for failure to have back up equipment? I thought the company made it clear JTP was Director of Operations - he certainly was paid to do so. Either way, the company is not producing oil which is the issue. Seems we would be in the same position today ( I also thought the plugs were shipped quite quickly.)

Wouldn’t that mean , they sabotaged the financing as well? Doesn’t make sense.

Lord Lucan said Vonk ended up in a disagreement with shareholders towards end of 2018, wasn’t able to come to market with regular fundraise and so raised unsatisfactory convertible loan note. He failed to mention that it was one shareholder and that was JTP. Therefore it stands to reason, if JTP wasn't playing games, shareholders would have benefited from better financing..which was clearly necessary.

Perhaps they thought Lord Lucan interview was unimpressive.

So that was before he lied to shareholders about selling his shares in America or after? Was he lying then or now?

Unlike you and me , Jonathan has made his money back at least 10X from his initial investment. Don't think he has put in a penny since according to the filings..Nice yearly salary, options, expenses that is more than most shareholders ...He even claims he took a Jolly for six months...Why? Seems his feelings were hurt when he was relived of his Board duties for shirking his responsibilities to........ shareholders.

As opposed to the last two years when he was Chairman and Director of Operations receiving salary and expenses. Not to mention disposing of his shares in an American boiler room? Are you saying he will finally do right by shareholders ? A bit optimistic to put it mildly.

Perhaps Leningas, doubtful for investors. Let's hope he is right about Brockham ( which someone posted today is a duster) .

GLA

Good question Baits, why? Perhaps bc Leningas supported JTP’s shadow directorship - it is a tidy thank you. Why are shareholders holding the bag whilst Leningas received shares at 3.99 worth 25% more today. If it is so great why isn’t Leningas stlll a partner in Lindsey if it is so full of opportunity? Why are we shareholders not compensated but assume the risk? As LT shareholders as we have seen w all of JTP’s actions, it smells. Now let the boiler room broker jokers bubble Monday w their spew.

We would like to inform all investors that despite some delays, the water isolation plug and packer assemblies that were shipped from America have been delivered today to our site at Brockham. #ANGS