Hay I am only one guy and there no way I can make SEH fail.
But in my view the current directors are do the job all by themselves.
Just reflect u a shareholder upon what's happened this year.
1, produced gas for sale
2, no cash flow for over 12 months even though we been delivering gas for over a year
3, no up to date long term production curves
4, recent ASX news with MD telling us producing above commercial rate.
5, any idea what that commercial threshold is?
6, Jesus the company has had a terrible exploration strategy in my view for years
Bottom line you have unproven project , a MD who long term benefit which is only 20% related to gas flow and no idea on current production for pilot plant 2 and pilot plant 1 offline
Mean while RISC was instructed to ignore pre 2015 cost in its financial modelling. Complete rubbish and oh yes SEH didn't publish the report the jv partner did.
My view is all wells on production are sub economic and the whole game plan of delivering tight gas from SEH acreage is failure.
