I am very happy that the management has finally done the right thing. (see below my post on April 4 2105)
I will support them all the way from now on even though I lost huge amount of money (in the books though) and I suffered a lot.
The money left in the company is not a lot now, but we will start from scratch, that's for sure. We will still have the exposure to the US and Copper basin assets through Sundance Energy.
This was what I said on my post # 15026375 on April 4 2015.
--------------------------------------------------------------------------------------------------------------------------------
"Despite all their fatal mistakes, even I warned them a lot by my bets effort for protecting my investment, I WILL SUPPORT THE MANAGEMENT IF THEY DO THE RIGHT NECESSARY ACTIONS.
I would like them to do these if they get out this crisis;
1A- BRING THE REAL VALUE OF SOUTHERN CANNING PROJECT BY MAKING NEW PRESENTATIONS OR WHATEVER.
1B- Do whatever you can do for bringing the all information back again. No one is going to blame you for that.
2- Sell the Eagle Ford assets at any cost and get rid of the burden.
3- Sell the EF assets without fracturing the second 2 wells then you don't have to 45 million shares to OEH/PFE Holdings partners.
3- Sell the Cooper Basin PEL570 assets asap to fund Merlinleigh Condon-1 Drilling or keep the money.
4- Drill Condon-1 asap if you believe there is good chance of finding gas there. (All infrastructure and desktop work was ready). If not, just leave it, farm it out or sell it.
5- With the cash money in hand from Cooper asset sale, make a share buy back and increase the share value.
6- Seek for a good deal for SCP farmout."
- Forums
- ASX - By Stock
- NSE
- Ann: Sale of US and Cooper Basin assets
Ann: Sale of US and Cooper Basin assets, page-13
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NSE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online