Oil macro analysis, page-17

Doctor,

""Management talked the talk very well at the AGM but they need to now walk the walk so to speak given the market has lost confidence it seems in the ability of management to deliver.""

Unfortunately it's not just up to management. If they were able to increase the oil price by 60.00 to 100.00 as we had experienced during the past 5 years before this last one their job would be made much easier.
,
Maurice and his crew won't be whinging about the oil price because it serves no purpose to do so when you are trying to negotiate long term contracts.
But you can imagine that when their collective heads hit the pillow each night that the oil price would be a constant pain in the bum. It certainly hasn't helped my sleep I can assure you of that.

I think it's fair to say that Maurice did walk the walk when he took the share price from 12c to 5 dollars.
But he can't control oil and gas prices, no matter how much he walks or talks.

He will just find a way to get around this problem as he has done in the past. I reckon if you were to ask him today what does he think about those who are selling at these prices, his reply would probably be, they will be sorry. The same answer I got from him when LNG was trading at 20c in Sept 2013.

History shows that he got that right.

Now he has to do it again.