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I believe it was tamtam that said he read it on the eel board. If it wasn't him, someone said it.
I sure hope that when they finally release news of what they've found it's detailed and very positive. Everyone, (including me) is putting all their hope in this to finally get this thing moving and if it's anything less than very positive and informative, i think we're screwed! It seems like our pot of gold is always around the next corner but just doesn't materialize like we all hope. Trying to stay positive but if it doesn't happen with these results we're gonna be in for an endless wait!
If erhe is not selling out and they plan on seeing this thing thru to production, why use the term hopeful to be involved in more drilling. We all know a phase 2 has to be done (not sure the timeframe allowed) but it has to be done and if we're still intact as a company we would have to be involved, so why say hopeful. Maybe their saying we may not be around for phase 2! OMO.
Rapp, i respect your view on what management has done, but again not everyone shares your same views. They have done some good for sure and made some great progress, but they even admitted at one point, their performance was sub par. The proof is in increasing shareholder value in which at this point hasn't happened. When and if that happens i will be the first in line to say great job. But even with all the dots and speculation that point to a great outcome, no one knows for sure how this is going to turn out, not even you! It is your choice to praise management and again it is all just your opinion as it is the opinion of others that see it differently than you, but their is no need to talk down to others for that difference of opinion. I hope it works out for everyone that has put in time here but i hope it is soon.
Rapp, just because some people are not totally pro management does not mean they are uninformed or just trading this stock! I do not trade and i've been in a long time as many here have. I think people voicing their concerns have every right to do so and many have let the company know directly. This has been a long trip for some and i think alot of frustration is coming out do to lack of sp performance, i'll say again that many people here have been extremely patient and we want to see a return on our investment and especially for the older people that don't have quite as much time as others to keep waiting. We stay invested because of the assets we think we have, not necessarily because we like the way everything has been handled.I'm just trying to show you this is the other side of the situation and just the opinion of some on this board, just as what you state is your opinion, and this is supposed to be what this board is about!
You know people that have been here many years have every right to voice their displeasure. If the share price was over a buck right now i don't think the criticism would so harsh, but we are just a few cents higher than what we ended at in 2005 and we are well into drilling, many here seem to think they have the info, i'm not sure what they have but they need to stand up for us shareholders and do everything they can to get the info released, i'm not saying their not but if they're not they need to! Everyone is tired of seeing this share price at this level and after being in myself for 7 years or so i don't think i'm being impatient, i want to see a return on my investment and if they have info that can make this happen then let it out. And please spare me the contractual agreement stuff, i'm well aware of it, i'm simply saying they need to push the issue with snp because this step is huge for us!
midtier, so they will have enough info gathered to give estimates. It's just whether they choose to do so!
To anyone, will they garner enough info from this round of drilling to give us reserve estimates.
So it looks like end of feb or into march before we hear anything on results, I like how now they're saying several months and not a few weeks. Peter knew this when he made that video! Was he intentionally misleading us a bit or was it just a poor choice of wording. I think personally he was misleading us because he knew thats what we wanted to hear! jmho, but i don't like it.
Balance, thank you for chiming in and for all your efforts. The response dan k gave you about the drilling result time frame was pretty weak, most people know what a few means and where i come from it is not 12 or 52 and the way he used it sure made it sound like we were getting close. I'm not sure what to think right now but i do think peter n. showed little respect to us average joe shareholders when he answered this question at the cc. I sure hope something good happens soon and at this point i'll take anything that increases shareholder value. Thanks again and merry xmas!
sp down everyday since the cc! Great job management. still disgusted with peter n's response to that shareholder who asked about the results in a few weeks remark he made in the video.
AC, could you ask prazeres about the conflicting reports of the release of drilling results(6 months or so as was in one report vs end of january). thanks if you can do so!
Balance, would really like to here your thoughts as of late and what your opinion is of the cc. thanks
So who do we think is more credible, Mr. Santos or Mr. Prazeres?( as far as the time line for the release of results). Anyone have an opinion maybe based on a history of info coming from these two.
Based on the cc i don't think they will start drilling again in may, Gralla stated i believe it might start in late 2010, or early 2011. If it turns out that we have that much longer to wait for results, peter n. should be held accountable somehow for giving us false hope that we were within weeks of knowing, He also downplayed this statement in a very aloof manner when questioned by a shareholder at the cc. Very unprofessional!
Was really hoping the share price was going to be much higher going in to xmas! With just a few days left, i highly doubt much will happen before then as some have alluded to. So at this point i guess i'll just stick with xmas ham. Hope i'm wrong because i'd really rather have turkey.
Yea, no one asked (who the hell is that oilphant character that keeps makin bad predictions)!
Your the one that said we would get a small hint from the company not anyone else!
gralla said yes to the last guy asking a question about a gas development, he did not say there was no oil which i believe there is but at this point in time they are looking at a gas development project. this maybe also why some sold.
you said we would get a hint from the company with some news to follow soon after. Another poster asked what your definition of soon after meant. So i'm just asking what the hint was that we got today.
I find it very hard to believe that no discussions have taken place about selling or a possible buyin, or that an offer could be made to offer without erhe knowing about it. I think there's some leg pullin going on here! We've heard it from mark as well as others that snp may be interested and with everything their buying these days how could they not be interested in what we potentially have!
Doubleaa, I thought we were to get some sort of hint from this cc about what may be going to happen! Maybe i missed it, so what say you.
I know, i just meant about the oil part. i'm not complaining, i'm just sayin.
So in other words we don't know much more than we knew yesterday!
The second piece of news did say enough or to little, rather confusing if you ask me!
so what exactly are you trying to say here, you lost me!
I don't think this is the same piece that was posted before. I think it may have been platts that reported something similar. This actually sounds a bit more definitive in my view as to having some meat on it. I don't think they would just throw that out their if their was nothing to back it up other than speculation. The date does say 12/12/09 at the top.
spp119, did you get any new info as to how things are shaping up for us! thanks if you can answer.
thanks! appreciate it.
Doubleaa, is this news you speak of, the drilling results or something different all together! thanks if you can answer.
I would hope peter wouldn't have told us a few weeks hopefully, if it might be march before we hear anything. I know anything is possible but there's quite a big difference between a few weeks and mid march. You may be right but i hope your not!
without giving specifics, does it pertain to something other than drilling results? thanks
AA, based on some of the things you've been saying, are you actually hearing things or is this your opinion. just curious! thanks
I know oil is what we need for an increase in share price, but is it necessarily a given that we will be valued fairly if we have discovered oil! I know logically we should increase substantially if results are good, but i'm just not sure what to expect. This board ( me included ) seems to be real good at over expecting with this stocks performance and becoming disappointed when it doesn't play out like we'd hoped. So what truely can we expect. Any input on this subject would be appreciated. thanks
Balance, I to would really appreciate your input on the latest video. If your out there please chime in! thanks
i did not imply that it was the current wells being drilled, the latest selloff began with the news that was released by the company so i just figured most would figure thats what i was talking about. sorry if you misunderstood!
dude, where have you been! look up at the sticky notes on this board. they issued a pr and a video on this.
personally i think someone or a group with alot of shares has been letting go of some to hedge against the possibility of drilling results not being all we hoped for, and clearly a few people aren't liken this latest news of marginal fields and the uncertainty of what this involves. If some buyers don't step in soon, i'm gonna start getting very concerned!
I think even the buy the dips people are getting a little worn out!
I just have to say that this stocks performance truely sucks! not many buyers even at .47 cents and we supposedly have oil. I have to agree that something stinks! i hope i'm wrong though.