OBI Cannot Abide

The government of Thibaw has categorically refused to affirm even the most basic tenants of corporate or political transparency. As a result, with the full faith of our organization we must denounce the government of Thibaw and any company which chooses to do business there.

- OBI International, December 2010

Wordsworth and Shared Heritage Sign Transparency Agreement

In doing so, the two herald in a new standard of environmental transparency.

From (http://ord-sharedheritage.blogspot.com/) "Both sides [have] agreed to uphold the principles of transparency and accountability at all stages of the industry development in Thibaw."

Wordsworth References OBI Code of Ethics!

In their most recent CSR announcement, Wordsworth International took care to reference OpenBooks International's Code of Ethics. See link here: http://ord-wordsworthenergy.blogspot.com/

Market Responds Positively to Wordsworth-Nurture Cooperation

London: Investors Journal 2 August

Wordsworth stock saw a welcome rise in recent days in response to announcements of cooperation between Wordsworth and the respected NGO Nurture on development initiatives in Thibaw.

“This is an indication of Wordsworth taking seriously the challenges of operation in a deprived community,” says analyst Matthew Shaw. “It shows that Wordsworth probably has reasonable expectations of establishing itself successfully in Thibaw.”

Wordsworth closed at 285, up 10 from recent levels and reversing a previous downward trend.

Shiloh and Wordsworth Woes

New York: Investors’ Chronicle July 10

"The recent unrest in Thibaw, following power shifts in the military government there, looks bad for US Independent Shiloh,” says respected analyst Chester Culbertson. “It’s widely rumored in the oil and gas industry that Shiloh was close to a deal with the Thibaw Government and the Chinese State company EnCathay, for development of gas reserves there. Until things calm down with teh prospect of longer term resolution, it’s hard to imagine Shiloh committing to a major investment there.”

Shiloh’s misfortunes are not confined to Thibaw. In a separate development it appears to be suffering a significant cut in production from the Dorothy field, in the UK’s North Sea, which is operated on behalf of a Shiloh/Wordsworth joint venture by Britain’s Wordsworth Energy.

Shiloh’s shares closed at 6.78

“Shiloh may well be regretting ever cooperating with Wordsworth,” said noted commentator Stephen Botts yesterday. “Production losses resulting from the recent accident on Dorothy are hitting both companies. At this rate it’s hard to imagine them getting into further joint ventures elsewhere. And Wordsworth’s profits will be down badly for the year unless they can get Dorothy fully back on line soon. So far we’ve no idea when that can be expected.”

IS THERE ANY UPSIDE FOR WORDSWORTH?

London: Investor’s Journal May 5th

“Wordsworth’s been taking a battering recently from all sorts of investors who want to shed their stock,” says renowned analyst Joe Grundy. “The ethical investors don’t like the stories they’re hearing about how security is being managed in Wordsworth’s operational area in Thibaw and the more hard headed institutional investors aren’t happy about reports of a falling out between Shiloh and Wordsworth over alleged poor cost management in the Dorothy Field in Britain’s North Sea which Wordsworth operates on behalf of a Wordsworth/Shiloh joint venture.”

“Investors are hoping to hear something positive from Wordsworth soon,” Grundy added. "But so far there has only been a crushing silence.”

Wordsworth stock closed at 282 its lowest for well over a year.

Hard-headed Investors lose confidence in Wordsworth!

London: Investors Journal 30 April

First it was the Ethical Investment Community, now it is the hard headed, and profit oriented institutional investors who have an eye on the bottom line who are beginning to get concerned about Wordsworth.

The trigger for these concerns has been a release by Wikidrain of a letter from Shiloh’s most senior management to that of Wordsworth, complaining about ineffective and over-costly management by Shiloh of the North Sea’s Dorothy Field, which is a joint venture between these companies. The letter was conciliatory in tone but appears to refer to some very acrimonious exchanges between the companies.

Wordsworth stock closed at 287, reflecting unloading of stock by several institutional investors.