re: Ann: Quarterly Report for quarter ended 3... I hold because...

re: Ann: Quarterly Report for quarter ended 3... I hold because I think the projects have potential. Same story with TGS and I have been very critical of management decisions there also - eg the recent dilution to MOSTLY Canadian investors right at the bottom of the price cycle with not-prorata dilution for the long term holders.

Am I not allowed critique on aspects of the company?
Am I the only one concerned with RETURN to current shareholders while most other posters have buy recos on their posts all the time huge volumes are being dumped on the market?
I am not the one selling, so don't take it out on me. Take it out on the sellers. But they probably wont own up.

Possibly the propper from the last rally bought back shares sold on yesterdays collapse, so all this selling just further undermines the register due to potential repeating scenarios. It would be preferable that the shares are falling to long term holders.

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Re the UK well - Correct me if I am wrong, but the drill is not just a workover. They are drilling a horizontal leg off the well to target an interpreted oil trap that may or not be there.
Worst case is it adds little value and production remains static or increases slightly and in the former case we might have been better off leaving the cash for the upcoming TZ drill. Best case they get the huge flow increase they are hoping for, but then why would we need a MASSIVE dilution right at the time when HUGE oil revenues kick in?

I recognize that it is very unpopular to post negative comment on HC threads. But positive comment and ramping will not deliver longer term returns for *current* KEY shareholders. The kind of returns that will continue long after I exit. Only prudent management decisions will do that.