Member Info for workover

SHredders I assume you work through a limited company / self employed / working via some umbrella scheme? Alternatively you may be an offshore based SHE Advisor? If the answer is yes then you will probably make those kind of salaries ! I also work in this industry. These are not normal onshore office based STAFF (not Consultant) salaries! My point is they should be handsomely rewarded but only if it’s via shares not through hundreds of thousands in cash !

This actually doesn’t remind me of “Range of yesteryear”! The old range would have raised that same £1 million at double the market price of the previous 20 days ! Somewhere around the 0.4-0.5 p region ! Even young Rory managed that!

Unfortunately on the 24th of May I was on a business trip to Houston so unfortunately I couldn’t be in 2 places at the same time ! Apologies for that ! But my questions are still valid ! Are we going to expect an annual pay rise that is 148% above inflation year on year ? That will make this another lifestyle company! The assets are good but the jury is still out on the board !

Urraca There are plenty of other small aim oil execs earning half of those amounts ! I believe that most execs should be paid a significant amount in shares. So that they are aligned with us ! Don’t forget there’s also the non- execs at JOG who are also handsomely rewarded! Assuming we don’t get another 150% pay rise on salaries in 2018, the board will make somewhere between £1.1-£1.5 million !!!! That’s a lot of a company valued at £40 million! If we have another 150% pay rise, then I give up!!!

Ferroty The 2017 salaries for the execs were as follows Benitez £140,000 Lansdell 154,000 Brown £140,000 More than 100% pay rise from 2016 Nice work if you can get it !!!!!

I’ve been told today that the boards overally inflated salaries are considered by some as being “reasonable”! I would beg to differ ! I think based on a company of their size they should be around 20-30% Lower! Just by comparing them to a number of other aim oilies valued at under £50 mill! Can someone explain why JOG BOD think it’s reasonable to be compensated such an amount?

Ignore him gray bird! He is just a wind up merchant! Even when he was explaining how he got that ridiculous obscene name ... he said it was done to wind up people on the LGO board! So he was obviously always a likeable and upstanding man!

Happy to see this is starting to move! Was thinking at one point it was a scam! Let’s hope we get a farmin and Tullow strike !! Also good to see some old faces still posting and some under new aliases ;)

Dick up ham :-“Response to workover. The first line of my last post was a quote from Popeye's - hence the double apostrophes at either end of the sentence” ———— D.U.H I’m not talking about the first line ! Lol!! I’m speaking about when you described me as a “horrid person” thinking that popey was referring to me in his post ! He was actually referring to the board prefect who wants to drown out our voices and prevent freedom of speech ! “Dick up ham” explains why you are so fridigit and uptight... relax my friend ! Don’t be full of hatred, anger, bile and vitriol ... smile ! Be happy , and be nice in a world full of hate! Enjoy the sunshine!

Exactly Zebbo That is my point ! The industry in the next 6 months is bussier than it has been in years! There’s as you mentioned Namibia, But there’s also some very big wells in Tanzania , Niger, Guyana , Morocco, Nigeria, etc This is AIM !!! Punters get bored and restless !

Something is rotten in the state of Denmark! Or in this case the pile of guff that is RRL! Soon this share will have 10 billion shares in issue having just crossed the 9 billion with today’s announcement! That’s nearly a share and a half for every man, woman and child on the planet!!!! Let that sink in ! What a mess! It’s nearly August and we are waiting for the “forward looking operational plan” ! Truley shocking state of affairs ! Management should be ashamed and should be investigated! Since the shares make up more than the statutory 3% then they are bound by law to let us know who holds the shares ! Assuming they are held by the same entity or a connected party ! I feel sorry for anyone who has an average anywhere near 1p because they may never see even half of their money back ! For people with lower averages Rrl is prone to pumps and dumps so they might get out if operational progress continues!

Lol

Dick up him All i have to say about that long spiel is LOL / LMAO I Got bored and stopped reading after “workover - re:” Relax my friend and take it easy ! Life is too short to be full of anger hatred and vitriol !!! I’m simply voicing my opinion and concerns about MY investments ... I am entitled to do that ! It’s called freedom of speech!

Gray Bird Completely agree about the AIM market being rigged ! Specially on AIM! Don’t get me wrong some of my previous investments have been absolute wonder strokes ( Dragon Oil, Coastal Energy, Caracal Energy, emerald energy, Heritage oil, GKP pre shaikan, Tullow oil from 2004 and Rockhopper). I’ve also been stung a few times quite badly and that usually happens when I become irrational, overconfident and over invest in a share and buy-in to the hype! For that reason, like you I have also learned to force myself to think about the negatives about my investments to see if there is anything I’ve missed or anything that could potentially go wrong ! The positives will take care of themselves (the happy clapping rampers will see to that!)... I think JOG is a decent investment at sub 200p. There’s money to be made ! But having spent 21 days during winter in North Sea on a semisubmersible disconnected from the well due to harsh weather I know the risks of what we are being forced to accept ! I am just highlighting that those issues should not be underestimated! The well could very easily get delayed even further into Q1 2019! I think if we can get a small share in a producing asset, that will alleviate some of my concerns and reduce the investment risk !

Likewise grey bird I come to Discussion boards to hear both the positives & negatives and to make an informed decision based on my own research & judgment! I hate boards where you can’t post because you don’t own X amount of shares or because you are too level headed and don’t want to dance to the tune of the lead ramper etc etc ... Hope we can all continue to have a constructive discussion regarding both the positives and negatives ! I hope the board prefect will allow us to voice our opinions. I will be posting more as we get closer to the elusive appraisal well... London but living internationally due to work atm. What about you ?

Eldorado I agree with you up to an extent about the wait but I also have a holding here just in case a positive RNS comes out of the blue (eg an acquisition) .... you never know... but fully agree if we don’t hear anything positive or negative the share will most likely drift downwards ... welcome to AIM oilies (doesn’t matter what the happy clappers tell you) a delay is never good!

Eldorado What price you looking to top up at ? 180 seems like an ok floor ... then there was talk of 150 if you look at the charts etc ... do you reckon it could go lower ?

Ferotty I have followed the company since it’s old guise of TRAP OIL, I bought in 2016 then sold and bought a while back (smallish investment) before the previous previous delay in time for their stated “summer 2018 drill” ! Remember? I hope that clears it ? How many shares do I need to own in order to post here ? I’m hoping to have around 20,0000 shares by the elusive spud date ! Good luck all (it’s needed on AIM)

DICK Up Ham You are an uptight wound up little .... aren’t you ? Get of your high horse! NAV was a typo ... i noticed it later but couldn’t be bothered responding... Why do you have to get so angry and so defensive about some simple questions about the company ? Why did they delay the drill without any explanation? Is it wise to drill in the North Sea in the middle of December? Will that lead to additional costs due to additional WOW delays ? Is there a potential for further delays possibly into Q 1 or even Q2 if the other wells are taking longer ? If you have been a successful investor over decades, then you will know about not falling in love with companies ! Specially AIM listed oilies ! The AIM graveyard is full of defunct dead companies that once had a stream of cheerleaders who were (like yourself ) extremely vocal on their BBs shouting down anyone who asked any difficult questions! Anyone remember Disaster Petroleum in the Falklands ? What about Nightmare energy in USA? MOIL? Ramco Energy ? Afren Energy, Excite Energy??etc etc etc the list goes on! Chariot and bowleven will soon follow the above list ! Let’s be clear I’m not saying that JOG is in anyway like those companies! They all had financial issues which we don’t ! I’m just saying that all the above companies had cheerleaders like yourself who tried to drown out any level headed alternative opinion ! This is a discussion board and all discussion should be allowed as long as it does not turn abusive or vitriolic! The way you have been responding to my reasonable questions does make me think that your medication “quip” was closer to the truth than I may have originally thought! Hopefully you are feeling better ....!

Urraca I don’t mind at all ...yes I am invested but also like to think I am level minded and am certainly not expecting the 10 bagger / £ 20 that some on here are ! I am prepared to top up on weakness ... I have seen this many times before with a lot of AIM oilies! The punters do not like delays ... just being realstic ! Don’t get me wrong this is a pretty well run company ! Just that yesterday’s news bugged me slightly