RE:RE:Q3 thoughtsCarbonbull wrote: thank you for your contribution , from my perspective the only thing that matters is extending the life of the various fields thru infill drilling , so far well done. simple measure of success is arresting the decline and haveing quarter on quarter production growth ...this will dramatically change book value.Of secondary importance is demonstrating the competence to manage remediation costs , the elephant in the room , this could very welll lead to additional acquisition oppurtunity in near by basins. Finally as noted by another poster ,,GET reorganized to effictively utilize tax losses.
<br /> Besides remediation liability the king of elephants is the lack of audited IFRS reporting which is especially serious for Canadian listed companies who are infamous the world over for scams and frauds. Singapore is the worst place to be if running scams so thats a nice safety net VS Canada where it seems 80% listed cos are running scams by incl subsidies and welfare in revenue, no IFRS reporting, channel stuffing, comingling funds etc etc.
If they listed in Singapore with CDR avail.in N. America that would project a serious company with total integrity as it is looks like a tyoical Canadian mining scam with non IFRS numbers and having mgmt in Singapore along with multie opaque offshore entities undwr VLE umbrella.