akaDolly
27 Oct 2015
FOMO Greg Bandy once had written on his twitter account that he suffers from FOMO (fear of missing out), The poor darling must be beside himself just lately thenI see a UK oil and gas company has just raised £800K so that they can take advantage of all the opportunities that are available as companies seek financial partners and to offload various projectsSo many opportunities, yet GB cant find one, with all those pennies he has sitting in the account, That is, provided he hasnt lent it to anyone in the meantimePoor love must be running around backwards and forwards, trying to find the right opportunity. So many opportunities, and so little time in the week to spend on workI may well be that he has something in the pipeline but cant say. We all know how things change and not everything turns out as expected. I dont see why he cant give us a little info, We understand, we have had experience he with things not turning outIt would be good to know there is something to keep our interest, Its a tried and tested method the company have used for the last few years, dont go and spoil things nowThis last project, with such encouraging data, that worked really well, nice one
ddj
21 Oct 2015
Re: Any Hope - you decide Thanks - I will leave this to either completely evaporate or some miracle to happen.I will stick to SB the currency pairs for the time being.Good luck to all
Oilman77
09 Oct 2015
Re: Any Hope - you decide To be honest the following post below sums up Red Emperor situ over past number of years & don't forget Mr Bandy also a director of Orca Energy, Perth WA on a good salary $200,000 + [link] __________ __________ __________ __________ __________ __________ __________ _7th Aug 2015 - post thanks to RothsteinRed Emperor - Cash Cow If you look at the history of the likes of Bandy / Landau, all they are doing is rolling the dice with shareholder money. For them, its a win-win model - they get into some sort of farm-in arrangement, speculative so PIs get seduced by the upside IF it comes in - all the usual chat of 'so few shares in issue, IF we hit oil / gas, this will skyrocket'.....they know exactly what the COS's are so near spud, they will raise funds when SP gets pumped. This gives them another wad of PI cash which will keep their salaries going for a few years.....when a duster gets announced, they've got enough in the coffers to try this all over again - PIs get screwed whilst this cycle goes on and on..........and you still have PIs on this board willing to wait for the next data room nugget!
ddj
09 Oct 2015
Any Hope Chaps, I originally got into this in my isa and bought 57.6K shares at avg 20.79Since seeing it decimated I just stopped looking at this particular equity and concentrated my efforts with SB and the currency pairs.I have been looking at the posts, but firstly is there any hope with this ?the leaking of money for no good reason seems to be the only threadforgive my complacency with my post but it just seems all a little unreal to me.
jerrythegardener
02 Oct 2015
Re: seventy three and J J Bandy ok 'looks like' not 'seems
jerrythegardener
02 Oct 2015
Re: seventy three and J J Bandy don't know about the word 'working'but the words 'seems' and 'something' are the fundemental words here
The Delboy
17 Sep 2015
seventy three and J J Bandy Looks like they are working on something. What? is the question
akaDolly
11 Sep 2015
Re: You have to smile [link]
akaDolly
11 Sep 2015
Re: You have to smile www.decisions.justice.wa.gov.au/supreme/supdcsn.nsf/main.xspAug 28 same day as Lind v RRL
akaDolly
11 Sep 2015
You have to smile Consultants $301k. One of which is consultant to RMP Tony King, Tony King of Seventy three Pty, Good to see he is ploughing it back into the company though. He needs to be sure the company will keep going for a whileConsultants costing more than employee and directors. Looks like a company that hasnt got a clue what it is doingTravel $119, shocking. Would love to see those receiptsDoes it look like the company are following a good corporate strategy of looking for a cheaper option flightWrite downs and impairment, but can't be fully audited because of paperwork not being available. Where have we heard that beforeWasnt so long ago that we heard we had made a loan to another company, Was that Highfield? Told us that after it was paid backI note there is still no mention of the subsidiary Century Red. Noted the front page of report states Red Emperor and controlled entities. Is it not a requirement for these companies to be up front with the subsidiaries?Doesn't seem good corporate governance for any company to have subsidiaries and not be able to see traceablity of funds going from one to the otherGreg Bandy will soon become another one of AIMs pariahs if he isnt seen to be earning his money. Theres nothing in this lot that says he did any work. Not with a consultantancy bill like that. Someone may have been putting in some work, but it wasnt himthe by, I see Patersons had a sharp rap from Supreme Court of Australia. Hope to goodness they hadnt been investing clients money in RRL and RMPwww.decisions.justice.wa.gov.au/Supreme/supdcsn.nsf/PDFJudgments-WebVw/2015WASC0321/$FILE/2015WASC0321.pdf
IvestorOl
04 Sep 2015
Re: Seventy Three Pty Thanks again, BF. Gives me some confidence (perhaps incorrectly) if someone close to the action still sees fit to be buying significant chunks at these levels.
BILLFISH
04 Sep 2015
Re: Seventy Three Pty Hi IO, It is a trading vehicle used by one of the RMP board directors to trade RMP shares.It is based in Floreat near Perth WA and has a contact director names Tony King.In fact this Tony King ( excerpt from the RMP directors CV on the RMP website)."Mr. Tony King - Executive ConsultantMr King is Managing Director of Max Capital Pty Ltd, a corporate finance firm specialising in small/mid cap opportunities. Mr King acted as corporate advisor to the Puntland and Georgian farm-in deals" Seventy Three have been a top 20 shareholder for quite a while.GLABF
IvestorOl
04 Sep 2015
Seventy Three Pty Any idea who these are? They appear to be quite keen on RMP!
IvestorOl
03 Sep 2015
Re: V.quiet as expected Thanks for that BF, that's really useful. Cheers
BILLFISH
03 Sep 2015
Re: V.quiet as expected HI IO, Otto put out a new presentation last night.[link] points for us are Well came in substantially under budget at < $25m as opposed to $32m so RMP should have a little more in the kitty than they expected.Otto are looking for partners to proceed with follow up drilling of OC55From the presentation"Next StepsHawkeye well results to be incorporated into understandingof remaining prospects in SC55 in coming months.Numerous already mapped hydrocarbon seeps and DHI’snow calibrated by Hawkeye will support ranking of targets"So it looks like there will be a period of re-evaluation going on whilst Otto try to engage some new partners to carry on the exploration of SC55.On the Georgia front Strait Oil have until Sept 30th to submit the company results to the authorities before the annual dance occurs of them ( the authorities) starting proceedings to dissolve the company. That used to be enough to get old moth-eaten out of his hammock and produce the required figures to prevent the dissolution process from completing. After all how long does it take to add up 4 salaries and the rental payments on two licenses. Somehow I think this year will be different, both the company auditors and old moth-eaten Eastman ( of Range Resources and OKAP infamy) have shouldered arms and departed the scene quite some time ago.There has been no attempt to replace them ,so unless some one ( RRL or RMP) parachutes in some finance staff,I recon the plan would be to let nature take its course and Strait will be dissolved by the authorities for failure comply with their statutory compliance duties. This probably suits RRL more than it does RMP, as the way Range farmed into this deal they had to pick up the tab until first hydrocarbons were produced , while RMP forward paid for two wells, only one of which has been delivered.As there is no prospect of any Hydrocarbons being produced by Strait on this license, dissolution of Strait would appear to be the easy way out for Range unless GB can find a way to spike their guns and force them to repay the advance on the second well. As it happens Range just came into some cash today so if GB has a cunning plan to get the cash back now would be a good time to implement it. Apart from that it is all quiet until we hear what the analysis of drill results throws up.GLABF
