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.

Shiloh Price on the Rise

New York: Investors Chronicle 30 April

Respected U.S. independent Shiloh Oil saw its share price soar to 6.93, its highest for some time, in the aftermath of an authoritative article in Britain’s “The Mentor” news magazine which revealed that Shiloh was in negotiations with other companies to take a share in development of what look like a significant oil and gas reserves in Thibaw.

“Shiloh, with its strategically important LNG import terminal on the west coast of the U.S., is very well placed to exploit its position,” says a market insider.

Ethical Investors losing confidence in Wordsworth?

London: Investors Journal 15 April

In active trading in recent days a large block of Wordsworth stock came on the market, depressing share price to 292, its lowest in well over a year.

“This may represent a disposal by Emerald Responsible Growth Mutual Fund,” says Charles Winter, a respected market insider. “It’s no secret that its management was deeply disturbed by Wordsworth’s reluctance to release its impact assessment for its proposed Thibaw development. The fact that it was subsequently leaked by the mysterious Wikidrain organization is a major embarrassment for Wordsworth. One wonders if they were hoping to ignore the recommendations of this assessment. Otherwise there was no reason to withhold it.”

It is believed that Emerald Responsible Growth may have held as much as 1.5% of total Wordsworth stock and the depression of share price has reawakened speculation that Wordsworth may be a takeover target .

Shiloh Stock Rises

New York: Investor’s Chronicle March 25

A bizarre recent claim that the US’s Shiloh oil was involved in negotiations with the Thibaw Government that included use of slave labor as well as transfer of technology has had the effect of boosting Shiloh’s share price.

“Nobody believes that a company like Shiloh would use slave labor - and not just for ethical reasons but for pragmatic ones also,” says respected market analyst Kenton Archer, “but there is widespread relief that Shiloh is maintaining a position in Thibaw. it sunk a lot of money there in its unsuccessful exploration campaign and it obviously hasn’t given up on the country. That it’s negotiating with the government is a positive sign.”

Shiloh closed at 6.86, its highest for some months.

Shiloh Stock Rises

New York: Investor’s Chronicle March 25

A bizarre recent claim that the US’s Shiloh oil was involved in negotiations with the Thibaw Government that included use of slave labor as well as transfer of technology has had the effect of boosting Shiloh’s share price.

“Nobody believes that a company like Shiloh would use slave labor - and not just for ethical reasons but for pragmatic ones also,” says respected market analyst Kenton Archer, “but there is widespread relief that Shiloh is maintaining a position in Thibaw. it sunk a lot of money there in its unsuccessful exploration campaign and it obviously hasn’t given up on the country. That it’s negotiating with the government is a positive sign."

Contact

Please direct all media inquiries to:

Lauren Rose - lr2254@columbia.edu or 718-514-4632

Ethical Investors losing confidence in Wordsworth?

London: Investor’s Journal March 19

A recent article in the US’s respected Washington Patriot has highlighted rising concerns in the Ethical INvestment community about possible slippage of ecological management standards in Thibaw. The main concern is that a prospective development may threaten teh survival of the few remaining breeding pairs of the endangered Dwarf Tapir.

“We’ve seen some stock been dumped,” says respected analyst Rebecca Gride, and the suspicion is that as-yet unidentified Ethical Investment Mutual Fund that’s responsible.”

Wordsworth Stock closed at 301, its lowest for several months.

Wordsworth moving away from its roots?

London: Investor Journal 15 March

“Wordsworth was always know in the past for its openness, “ says respected analyst Giles Winterborne, “but that seems to be changing. A number of NGOs and others have been complaining recently that Wordsworth is hard to reach and seems to be less transparent than in the past. There is a lot of concern in the Ethical Investment Community about this and a fear that it may reflect compromises to its usual high standards when operating in Thibaw.”

Wordsworth stock closed at 312, perhaps reflecting these concerns.

Courage...

"One man with courage is a majority."

- Andrew Jackson


[In this day and age, individual action can garner international attention: http://bit.ly/eVKQfY]

Wordsworth Stock UP!

London: Investment Journal 10 Jan

"Wordsworth continues to hold its place as a favorite of Ethical Investors," respected analyst Silas Grimshawe told our reporter yesterday. "As much as 15% of its stock may be held by Ethical Investment Mutual Funds and by institutional investors who place a high premium on high ethical business standards. Several charitable foundations - which are rumored to include the US's prestigious Bruce Wayne Foundation, also appear to have substantial holdings."

Commenting on Wordsworth's controversial decision to operate in the "Hermit Republic" of Thibaw, which is notorious for its Human Rights abuses, Grimshawe commented: "Yes - it'll be a challenge and Wordsworth is going to have to play a very careful game. But they're an experienced operator - I suspect they'll manage."

Wordsworth stock closed at 325, up 5 since the start of the year, reflecting investor confidence that success in Thibaw could boost Wordsworth revenues in the coming years.

Wordsworth Stock UP!

London: Investment Journal 10 Jan

"Wordsworth continues to hold its place as a favorite of Ethical Investors," respected analyst Silas Grimshawe told our reporter yesterday. "As much as 15% of its stock may be held by Ethical Investment Mutual Funds and by institutional investors who place a high premium on high ethical business standards. Several charitable foundations - which are rumored to include the US's prestigious Bruce Wayne Foundation, also appear to have substantial holdings."

Commenting on Wordsworth's controversial decision to operate in the "Hermit Republic" of Thibaw, which is notorious for its Human Rights abuses, Grimshawe commented: "Yes - it'll be a challenge and Wordsworth is going to have to play a very careful game. But they're an experienced operator - I suspect they'll manage."

Wordsworth stock closed at 325, up 5 since the start of the year, reflecting investor confidence that success in Thibaw could boost Wordsworth revenues in the coming years.

Openness...

"The best weapon of a dictatorship is secrecy the best weapon of a democracy is openness."

- Neils Bohr