Exola is the operator no? Did they also transfer the 80% of barryroe?? Cant remember.
Have they no shame? Nit once have they issued a sell. Just decreased price target from 22 pounds to 24 p. How do they sleep at night? I am hoping it is incompetence. Otherwise they are complicit in this great big scam of a company and duping ordinary people out of their hard earned money.
it is also easy to say it was mismanaged. but then you would have to think lansdowne and rothschild were party to that mismanagement and indeed san leon who still have not sold their stake. so for me things do not add up. either this is all true and it is just taking an incredibly long time. or there is something we have not been told. and no i don't believe it is compartmentalisation. as i think that is most oil companies bread and butter - dealing with issues like this. so all is rosy in the garden. yet still no flowers. just a suffocating stench of horse manure.
well i don't find this particularly theraputic. i think it is more depressive rumination. which i will admit to. i am trying to see where i went wrong. third party independent verification of the assets. at the time pvr were debt free. not one broker issued a sell. even now they all say buy. healthy institutional investing. CEO saying deal was imminent. also family involvement in the company. TOR senior owned 15%. hindsight is 20-20. so it is easy now to say it was a disastrous decision. but at the time it was all blue sky.
htm.independent.ie/business/irish/barryroe-preferred-partner-unlikely-to-fulfil-terms-for-deal-31333153.html
Think we are all struggling with that one. I remember tor saying something like : they can raise as much money as they want but unless they give it to us there is no deal. Gives you an idea of what went wrong.
i think it is overall good news because cairn have named a date to drill. which i believe they hadn't before. but then i think providence needs to put up the funds for their percentage of the drilling. which i think is bad news.. unless they can farmout..
Sounds incredible.. Almost as unbelieveable as a £7 share dropping to 12p.. Oh wait...
@godot i remember that. Was trying to find it this morning but couldnt find presentation about it