ahjay
don't worry to much that the oil price will remain at this unrealistic price for too long.
why:
The Emirates/& GCC-Middle East area has there budgets worked out at closer too $100usd a barrel, so it won't take the Arabs/OPEC to long to turn down the flow tap.
If the oil producers in the Middle East Region are not showing a profit and it starts to bite in to there forecasts, the balance will be restored, bet on it.(how do you think the Middle East royals keep in power with out the hand-outs.) there not handing out free dates palms.
i spent 7 years there as expat.
also this is a massage from the good old boys in the USA sending a please explain to Putin,suggesting he knock his re-domination of Easten Europe off. Remember what the ruskie economy is build on.
i am shore Putin will love the river city, and the talking too he will get at the G20 in Brisbane in November.
what should concern you dearly is how inept this board is behaving, giving shareholders a ultimatum of voting for a unfair deal which never gets us off the drug of capital raising and landing in the debt house of ERM power B##ch FOREVER club.
why has the board over shot the notice to meeting date, Is there a red flag raised from KPMG.
If so the board needs to explain this and some one needs to be dealt with.
The nothing to see here, keep walking sign can last a day or two but after that Its just plain CONTEMPT for the investor. Which is like a middle finger to the market/potential investors.
Does the board understand the damage there currently installing in the conference of the company???
be damed what is said here, the buck stops with the MD& empire board.
Do you believe you are getting value for money out of this board?
I know I don't think it's worth 470k a year& options.
I have posted about this before but I will say it again. This current board publicly pointed out all the faults of the CM crew, and said we are going to do it different trust us EMPOSA !
Talk about flipping in record time, even the last board would have been proud of how slow this board moves.
remember this board has not spuded a well just perforated a discovery from the last board.
Maybe Australian O&G firms don't know which way too point the drill bit, hence the lack of drilling. If we were in USA we would have brought a bleeding rig out right and all the permits would look a wombat infestation by now.
If it is one thing the yanks do well and that is find oil as that is the priority of the system, NO OIL = NO WORLD POWER!
boeing777
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