Pharos Energy Share Discussion Threads

[sharksmouth] 04/10/2023 16:54

Alas, same old, same old from Pharos.
Egypt - yet more application of lipstick to a demonstrably ugly pig!
Vietnam - any exploration hopes are far outweighed by the paucity of strategic planning & forward thinking shown by this board.
ESG - it must be said that Pharos are certainly at the "top of their game" on this. If only this "wretched" market would recognise this superb achievement with some share price appreciation, eh?
Executive performance - from Jann's reply to the questions about votes against the management, executive costs & the stagnant share price, I discern a sense of foreboding in her defensive answers.
Conclusion - The sooner Bradley brings this gravy train to a stop, the better it will be for the owners of this company, including the apathetic somnulents amongst us, with their inherited shares.

[yasx] 04/10/2023 16:00

Tacit acceptance by Jann that Radoff voted against!

[yasx] 04/10/2023 15:53

As yet, I don't think any question from either myself or OilAl has been answered....

Nor will they answer them!

I think some of these very benign questions have been submitted by Empty! He must still be lurking at the back, hoping for a 2000% gain to breakeven!

[yasx] 04/10/2023 15:51

I doubt any of the questions I have submitted will be answered, not least because they are pressing questions, not opportunities for Jann to remind herself how well she has performed.

[yasx] 04/10/2023 15:48

There we are - someone asked about the Egyptian receivables, and Jann came out with a long list of irrelevant guff, which included disruption from global unrest. Chuckle chuckle.

Just covid to go now and the presentation will be complete.

[yasx] 04/10/2023 15:46

Am waiting for the Covid and Ukraine excuses - they will appear, about that there is no doubt!!

[yasx] 04/10/2023 15:46

They really need to prevent this technical head from Egypt appearing on these presentations - not only does he mumble, his microphone appears not to work and he simply does not understand what success or failure is.

When he says the idea is to ensure Egypt potential is maximised in the future is simply, well, not even beginning to understand the scale of the problem.

[yasx] 04/10/2023 15:37

Vincent has been the only one to provide what can actually be described as useful information - although his has zero ability to perform as a competent presenter, essentially reading from a script in a banal tone. Putting that to one side, some of the information is more detailed re the prospects identified than we have been told in the past.

Given the potential in that region, if they could get their act together and get things moving, this could race ahead on potential alone and I am afraid suggesting rig issues again shows lack of planning skills.

[yasx] 04/10/2023 15:15

Thus far this presentation is just a regurgitation of every previous presentation over the past couple of years.

Not heard the Covid and Ukraine excuses yet, but doubtless they will appear...

Jann talked yet again about the 9 million returned via the buyback and dividend. Hardly offsets the scale of destruction caused by her and Ed.

[yasx] 04/10/2023 15:13

Sue: if we had the money from the receivables due from Egypt it would have been a different story.


Well Sue, if you had not even gone into Egypt it would have been a different story my dear....

[yasx] 04/10/2023 14:57

Needs more support - more retail need to vote next time.

Anyway, time for a jolly good chuckle in a few moments - yes, you guessed it, time to tune in to another episode of Jann hitting the ground or whatever her phrase is.

[stepone68] 04/10/2023 10:45

Maybe I'll hang on just a wee bit longer, and see how this plays out :-)

[oilinvestoral] 03/10/2023 18:42

"Surely he will announce his intentions at some point. Jann needs more than a investor webinar to impede such an intervention!"I think he already has. Nearly 10% of the share capital voted against the re-election of Jann & Sue at the AGM. Radoff held approximately 8% of the company at the time. The rest were PIs.

[yasx] 03/10/2023 18:33

I think Jann is in the same situation Sunak finds himself in - got the job for now, but knows the game is nearly up. However, unlike her, Sunak has plenty of options for the future.....

[yasx] 03/10/2023 18:29

oilinvestorAl3 Oct '23 - 16:56 - 8222 of 8223
0 2 0
TR-1 holding RNS

As predicted the high volume was Bradley Louis Radoff accumulating more shares. He now owns 11.16% of Soco !

----------------------

Surely he will announce his intentions at some point. Jann needs more than a investor webinar to impede such an intervention!

[cwa1] 03/10/2023 16:58

Thanks oia, great to see Radoff is still accumulating...

[oilinvestoral] 03/10/2023 16:56

TR-1 holding RNSAs predicted the high volume was Bradley Louis Radoff accumulating more shares. He now owns 11.16% of Soco !

[oilinvestoral] 27/9/2023 19:55

Highest volume traded in a year. Here's hoping Radoff is accumulating...

[extrader] 27/9/2023 18:15

Ditto, Peter,

I got out quite a while back, the last bit at a loss but had fortunately top-sliced enough along the way to cover kids' Uni costs, so can't complain.

GLA and ATB

[greyingsurfer] 27/9/2023 16:34

I've been holding since 2000! Too long really. But my original purchase was about 20p, allowing for the split. I've bought and sold, mostly sold along the way, though failed to sell as I should at the peak, with hindsight. I bought back a big chunk of what I'd sold a couple of years ago at sub 20p, I still see room for upward movement from here. Overall, though it's taken far too long, Soco/Phar has made me more banked profits than any other holding, and I remain in profit on what I hold. That's no argument for investing here now, but I do take a more relaxed attitude than I might otherwise!

[stepone68] 27/9/2023 10:56

I think everyone went to LSE boards. For me, this board is still on my favourites, and I still maintain a very small holding in Pharos, which I used to keep out of curiousity to see how things were panning out, but to be honest I've moved beyond even that. I'm in the process of transferring my latest company pension into my SIPP, when I'll have some funds to allocate and at that point I'll probably sell my last Pharos. Can anyone believe it's been 20+ years of holding, almost 25 for some of the original holders - I think ghhghh was the first to highlight Soco. We had all the excitement of the Vietnam drilling, the saga that TGD turned into*, Africa prospects (ha ha!), 'Son of Soco', 'Imminent(!) corporate actions', and in the end it turned out to be just another hole in the ground company, enriching it's board more than it's shareholders. Ah well, we live and learn. Good luck to all holders - I'm sure this will turn out to be a buy signal :-)

Cheers,
StepOne

I think my most 'liked' post on the Motley Fool boards was the poem I wrote after the final TGD failure which started

'So farewell then TGD,
With your billion barrels of oil still under the sea
I used to get early and check my pc
For news of a successful DST...'

Can't remember the rest , but you get the gist :-)

[oilinvestoral] 26/9/2023 13:54

There's no "spike" in the share price! The shares are trading exactly where they were yesterday afternoon!There was an uncrossing trade for 342 quid after close yesterday that artificially made todays opening price 21p (hence why there seems to be an artificial "SPIKE"! 25-Sep-23 16:40:43 21.00 1,630 Sell* 342.30 UT There's nothing to be said. No operations to be discussed! Drilling is postponed until 2024! We are patiently waiting for farm out discussions to conclude! Nothing left to be said!Nigel is busy nursing losses at POLX and JSE. You'll be able to catch up with him there!

[geckotheglorious] 26/9/2023 11:04

CWA1
I do miss some banter on operations at the company tho.

But yes, like yourself, I dont miss the "buybacks" good/bad discussion.

Sadly too many trolls drove away the best contributors imo.

Anyone seen NigelPm?

[geckotheglorious] 26/9/2023 10:42

8-9% spike in price this morning. No RNS.

Board as quiet as a church mouse.

`Ah the good ol days when they'd be much speculation / discussion.

Now it's a barren waste most of the time.