Inclined to agree JIM as have met him twice now.
i wonder how many that have differing viewpoints have done the same.. ?
The fact most can't be bothered or simply refuse to spend the money to attend a meeting says more about them than it does anything else & especially AP
Assured, competent & no mans fool is how I would describe him.. He is open & will tell it to you straight, unless we are talking pore pressure at which point Pete Strickland is invited to add the technical detail.
AP is no geo & that is the running joke at most GM's
And whilst I accept the "Must be oil at Zapato" comment was misinterpreted or assumed by myself to mean within the 3152m cutoff that is the only gripe I have & it is something I brought upon myself.
For someone who is exposed to the vagaries of drilling in Cuba (Every hole is diff & none are without challenge)
Carries all the downhole risk as the Operator & ergo gets paid only on completion & not before (How many here pay the bill before the job is done).
Is asked for a production timeline despite the independance of McDaniels, the Cuban Authority & the expectation of the 70% JV partner & then villified if things go wrong or it can't be met.
The horror at hearing the reality of a 3 year timeframe sent the SP where?
Or the more recent argument of why put things on a public notice board as opposed to an ASX release. ?
Why? Have a look at what the most recent announcement did, cause I'd say thats why..
He is Damned if you do & then damned if you don't.. !
Now we hear talk of blackout windows & cheap entry for an on market purchase. !
Honestly, wtf do people want?
Other than instant gratification on every occasion.
To which they just sell into anyway.
You cannot win in this game
"Appalling Communication" being one teem I've seen used..
To which I say "what an ignorant thing to say" especially if you have not bothered to attend a single GM!
Of course there's always excuses, because there's always victims.. It goes hand in hand IMO.
Anyone done the value/barrel ratio calc with the SP at this level?
Why not do one and then ask a friend or someone who has never heard of Melbana what they think & would they buy a company on the brink of contingent resource affirmation with $ per barrel figure..
Damn sure AP knows the answer..
But what would he know?
h8tey
(20min delay)