ASIC takes civil action against Antares Energy Limited, page-25

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maersk

517 Posts.

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24/03/18

12:14

Post #: 31997434
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Originally posted by ruff ↑

Crook or not, the worst decision made was pushing the company into VA. How has that panned out. Note holders thought they were going to get a fire sale at $26 oil and miraculously get all their money back. They got nothing, The only way for the Crook to retain any value in his own holding and mine , was to preserve the 20000 Permian acres. You can talk about them being on the fringe of the play but even those acres are going for 10,s of thousands of dollars now. The Permian is the hottest play in the US. Yet FTI sold them for $300 an acre. An absolute joke. Equity holders would have had to put their hand in their pocket to raise enough to keep the leases running at no expense to note holders but now at $65 oil we would still have a substantial20000 acre Permian position. Worth a sheet load more than $300 an acre. Permian acreage next door in Howard County where our southern stR position was ,are going for north of $45000 an acre.
All he tried to do was buy time for the oil price to recover . But all you “ I know better “ people, said push it into administration led by John Corr from Aurora funds management who got sacked because of the debacle he caused.
I will take an alleged crook trying to keeover FTI any day of the week. The loss of my investment has been devastating, so I’m not here to fly flags for anyone. But by pushing the company into admin you removed its ability to raise capital and preserve the assets. Now whT have we got 5% of Big StR and 15 times less shares . Well done .

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Did you attend any of the Administration meetings, Ruff?

AZZ Price at posting: $7.50 Sentiment: None Disclosure: Held
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