I absolutely agree as well. Last RISC report was Jan 2017 so it is clear they have delayed this year's one because of the takeover. Production has been occurring for 5 years+ and they now realise that the production curve is 30% lower than expected. No mention about this at the AGM and no indication in the investor presentations.
The problem is that Corrie has got 8-10million performance shares that will vest on the takeover and it gives the entire board a very easy way of dumping more than 45 million shares.
Technically the board are employed by us and should be working for us but I think many get the feeling that they are no longer on our side and can no longer be trusted.
A pity really.
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News: SEH Sino Gas & Energy Says Gross Production For 1H 2018 Averaged About 24 Mmscf/D, page-24
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