RE:OMG!!! OMG!!!
stiffupperlip wrote: Hi Stiff here - just picked up the story. No investor interest. Why? Because they do not trust the management (too many investors been burnt to a crisp) and the size of this prize is pathetic. Stiff has been following international small cap stories for 30 years - not trying to brag of course but investors from this jusrisdiction want high impact projects. Why go half way around the world to get involved in high cost (offshore is always expensive) operations for 3K bpd of production that you could buy here at home? Look at BNG - went to Australia and have similar onshore production and the stock hasn't moved off of 10 cents for 20+ years ... and unfortunately this is where VLE is headed. There are many majors pulling out of west Africa and going green and turning over billion barrel fields but they decide go to Thailand which has never had a successful impactful company emerge. Stiff is sad. 2+ years and this is all they can muster? Unbeleivable. But I am sure they will have some great holiday time during their business trips .....
Thai seems to be the only action here for rest of 2022