Woburn Energy Share Discussion Threads

[futhark] 26/10/2015 08:33

Good morning all, bright and sunny here,

[gismo] 26/10/2015 08:29

Morning, well when I spoke to the liquidator late last week he said the money shouldn't take very long at all now. TD said it would take a day to process.. the wait is nearly over.

Grey, damp and raining :0( bring back the dry weather please..rain on it's way Harold, you got that nice little pad sorted out in the south of France yet?

Hi Futters, how's things?

[cliveas] 25/10/2015 17:03

Another week of the cheque is in the post?

Having a great time with the kids in Southport weather lovely after torrential rain yesterday!

Have a great week if you are off or brewing beer!

ATB

[theshareguru] 24/10/2015 12:24

Thanks Harold

[harold larwood] 24/10/2015 10:49

TSG, my shares are held in a SIPP (thanks Numpties for holing my pension below the water line) and individually. My broker is on notice to let me know as soon as funds have arrived and I will advise.

I am keen to know how much was left and whether or not the Numpties have tried to take out "management fees" - or, in their case, "mis-management fees".

Raining here but the All Blacks play The Boks this afternoon.

[theshareguru] 23/10/2015 16:59

Harold are your shares in a nominee like mine,if they are not can you advise
Us when you here from liquidators re payment, so I can contact my stock
Broker.

[ivanburgess] 23/10/2015 15:53

I agree Harold.

[harold larwood] 23/10/2015 09:18

Ivan, there is proven amount of oil on the Las Quinchas contract but we were hampered by a useless operator in Krappa. The other issue was sand but that can be overcome by producing the sand to the surface. This could have been a workable field.

[harold larwood] 22/10/2015 12:07

Ivan, you are correct. The Numpties should have passed on the ORRI liabilities but it seems that they overlooked it. Sadly, IMHO, we can't claim against them for being stupid which is a shame as it would be an open and shut case.

[ivanburgess] 21/10/2015 16:04

Why, when the Las Quinches contract was sold, was there not a clause transferring the future obligations to Moyes and co, to the new owner? This would have saved us being subject to any claim. It is very uncertain whether production will ever trigger the payments to the extent portrayed, so we end up paying for something that may or may not ever happen over the next 9 years. Especially as we know that the sand problems in the block will quite probably prevent the reserves in the block from ever being fully exploited.

After we sold the contract, I noted that there was production from Baul, which we did not participate in, and so never obtained any financial benefit from it whatsoever. But we have to pay the royalties?

Also, as we only had an initial 50% interest in the contract, can I assume the other 50% holder (Kappa, now Pacific Rubiales), and also the Canadians who owned half of our holding company Las Quinches Resources,(Prospero/Alange/PetroMagdelena, and who were then also bought by Pacific Rubiales), are also paying their 75% share of the claim?

Could this add to the feelings of gross negligence and maladministration by the Numpties? In my opinion, definitely yes.

[scaleyman] 21/10/2015 15:57

Gismo if you need more than a box of matches for a sky rocket it must be a dud!!
Bit like this investment then? :0)

[harold larwood] 21/10/2015 15:06

See the attached link for details of the Moyes and Co settlement.

hxxp://www.woburnenergy.com/documents/LitigationConcluded.pdf

[gismo] 21/10/2015 13:48

Scaleyman - I need more than matches!

[scaleyman] 21/10/2015 12:56

Always good to have a bit spare Doc!!

[dr jekyll] 21/10/2015 12:52

I have some spare wood here.

Gism, sent you a pm.

[scaleyman] 21/10/2015 12:29

I may be able to join you Gismo ---------- with a box of matches!!!!!!

[gismo] 21/10/2015 12:25

Morning Dr J, how's things with you? Yes getting very excited, I might just invest in a box of rockets to celebrate!

[dr jekyll] 21/10/2015 12:00

Morning all. Hope everyone is well and looking forward to receiving their pennies?

[cliveas] 21/10/2015 11:00

Just under half a pence has been mentioned but can't remember where from.

Liquidator keeping tight lipped may mean a lot less?

watching and waiting ........ still.

[wilburylover1] 21/10/2015 10:45

Morning Harold wet and windy here in Dereham to be honest for what we are about to recieve cant see it worth much.

[harold larwood] 21/10/2015 10:15

Ah well, back to normal. Its windy and wet and nothing from The Numpties.

[oilretire] 20/10/2015 17:39

As for the Scots - yes we woz robbed!

And don't tarnish us all with the same brush....... 55% said no......