Phew.... taken me months to re-register here....changed system apparentlylets hope GBP starts to get a shake onSeemingly quarterly report due out next week, be nice to get a heads up on state off play re farm out
Re: Info The process to farm out is underway. That will include the farmee doing some 3d. I assume. Its unlikely they'd drill without 3d. This is way below cash. It's a complete no brainer at these levels assuming the BOD can actually pull off the farm out. Then it's game on. Been here before with other companies.
Bought Some MORE SOON to the MOON
Info So am I reading this correct as the search now is on for a company to produce the 3d sciesmic!Cheers
CPR CPR out today. 3.66 billion barrels. Check it out.
Been holding these a while Down 51.47%I doubt I will get my money back here for a while.
Re: GBP a good but still So, 3 years later and still they bleed the remaining cash pile. About time those left ( not me!) got a slice of that instead of carefully evaluating potential acquisitions blah blah blah....TT
I said 3 years ago this company should be wound up and cash returned.Market cap is circa 750k GBP and apparently they have $9m in cash. This company will never drill, like many other explorers they like to put everything on a slow burner while directors and cronies draw down on the pot until its all gone.
Future Seems reasonably good from here ,one assumes .Good luck allAnd May
Future Seems reasonably good from her ,one assumes .Good luck allAnd May
Re: 50% discount to cash 5.2p Cash now nearly £11m mkt cap less than £3m.Liquidation and distribution appears to be in shareholders' interests,however, we don't know what the liquidation costs would be.Looks like another wait and see for existing holders but there is nothing in the updatethat will prompt anyone to invest new money here, certainly not me.
Re: 50% discount to cash 5.2p If i was a holder i would lobby for them to wind up the cmpqny and give cash to the share holders. But i was a director id be happy to sit on my hands while continuing to receive ive my salary for doing f all.
hole how are they realisticall expecting to get out of the hole they are in?solely dependent on discover in less than cheap environments when the world is currently awash with the stuff.divesification and risk management are two words they seem not to understand.meanwhile, they continue to run down the cash pile with bloated salaries for doing nothing for the shareholders.
Re: 50% discount to cash 5.2p The recent presentation lays their ineptitude bare.They compare to various but picked flattering timescales to themselves and with other timescales their performance is clearly awful.If they don't turn this around they won't be worth 2c to any other company, having shown they have just been lucky to date and riding a gravy train.