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Surely that’s not FOTH? the banned poster, back here with another disguise! Ramping again to try and recover his losses (according to his own posted buy in claims) with the intention of drawing others in to this crooked company
Here's hoping that this is finally the beginning of the end
for this scam that goes under the guise as a legitimate share company
then we can all sleep safely in our beds
Lets just pray its got no more useless scams to spring
Current market cap 1.9 million - just incredible. Ramp that t -rd ocelot and fool. Oh where for art though Ells (probably getting stretched on his 50p RR short. That's like a vision of hell). Oh the shame of them
I wonder when sanderscum will be getting his begging bowl out again?
I’m guessing this month.
Under a million market cap by May, remember his inflated wages are now 20% of the total company market cap.
No more wages for the worst ceo on the planet.
There is certainly a big space between Adrians ears. The man from Del Monte says yes so no real biggie. They still don't have the money to carry out the works on HH-1 or the HH-2Z re-injector or they would have already done it. You still can't push it uphill can you?
Details of forthcoming judgments will usually be announced here on Thursdays at 11am.
All a bit pointless really, it is now akin to taking a vagrant to court for blocking your doorway !!!
Adrian,
Is that not long now a bit like 'soon'?
'The Fool on The Hill@davethedrill1
Oct 9, 2023
#UKOG #Horsehill court win soon ;)'
But nothing much will happen - PPP haven't got the cash, and nor has UKOG, to drill, so probably just a regurgitation of plans that have already been recycled so many times.
Possibly a P&D that because UKOG is such a great company with a great future Adrian will sell on, but the news of the Loxley High Court decision hardly caused a ripple.
I think he's long and wrong
How long have you been getting this wrong fool?
Adrian
Have you sold already? Don't you mean sink?
Ocelot
Why would there be? UKEn is a wholly owned subsidiary of UKOG.
Unless I'm mistaken, there is no link between UKOG's website and UKEn's site.
UK Energy Storage Ltd was formed on 16 May 2022, then a year later, on 19 May 2023, UKEn Holding Limited was formed.
The interesting thing is that while UK Energy Storage Ltd is 100% owned by UKOG, UKEn Holding Limited is 100% owned by SS.
https://find-and-update.company-information.service.gov.uk/company/14880485/persons-with-significant-control
The SIC code for UK Energy Storage Ltd is 06100 Extraction of crude petroleum (guess there isn't one for gas storage)
The SIC code for UKEn Holding Limited is 64209 Activities of other holding companies
So it looks like SS has a company already set up to hold UKEn under his exclusive control.
Maybe the plan is for UKOG to sell UKEn to SS then they go their separate ways, with UKOG going back to concentrating on Oil and Gas exploration (badly).
Of course SS's next move would be to start trying to find investors foolish enough to put money into his new company.
Hopefully, the supreme court will deliver its judgement soon and during this term (ends on 24/05)
Someone should tell the biggest one he had better sell quick.
https://twitter.com/davethedrill1/status/1775910858196971981
Already down on what he bought at.
Agree. Meantime Sanderson is grifting a mint of a living and stealing oxygen with his Hydrogen ponzi scheme. Pardon the pun
All the rampers deserve Karma to say the least…
Trollhunter has disappeared since their averaging down just before the consolidation which has seen further drops. love to say i'm sorry for them but they deserve all they get, as does the foolish one
I suppose it's a reflection of the likelihood that the sort of investor you're hoping to dig you out by buying shares so you can sell won't have read any RNS or Annual Report so you select a few bits you hope will make them think UKOG has assets - though for HH and Loxley they need a farminee that can afford to drill the wells, as they can't, something that isn't clear PPP are going to be able to do at HH RNS over a year ago and still not agreed, and no indication that anyone is interested in Loxley, a pre planned farm out available since mid 2022.
...and I notice you didn't copy and paste this bit about the loan to HHDL:-
'The Directors carried out an impairment review of the loans to subsidiary companies and determined that an impairment charge of £14.7m is required in respect of the loan owed by Horse Hill Developments Limited. The analysis was based on the expected values of Horse Hill Developments Limited and the carrying value of investments and loan recorded in the Company'
They obviously don't think HHDL will be able to repay much more of the remaining about £16.7mm loan - so not that profitable with HHDL having 65% interest in the field.
You posted:-
'Its is good to have the companies views on here for a change. Not just the made up nonsense from the activists'
The irony is if anyone was to trawl through what UKOG's views previously were about HH, BB and Turkey, all of which have been drilled and failed, you might find a more reliable commentary about the outcomes - Kimmeridge at HH not in production, Portland at HH nothing like as good as claimed, BB failed and both Basur-3 and Pinarova failed - would be in the 'nonsense' from what in your similarly wrong view are activists.
Still hangs onto the non assets (intangible assets) as if they have any basis in reality.
As deltavega, and I have previously, points out the figure is nothing more than how much UKOG has spent not finding commercial oil.
Even the valuation of HH-1 hasn't been put to the test of a CPR, the only producing asset with a 'normal' oil company valuation is Horndean and if / when it returns to production Avington - both operated by Star.
UKOG doesn't identify what bit of value of non-asset is associated with which project except HH so there's no way of knowing if the valuation is likely to be realised. Even for HH it's remarkable that despite the well that's producing being valued at £1.4mm (up from last year's £0.8mm) the Horse Hill development is carried at £19.3mm in non-assets - though that won't acknowledge the 49% hit based on the PPP farm out should it happen.
In fact apart from Turkey where they are obliged to stump up 50% of ongoing costs everything else depends on their salesmen being as good as AME's, or the farminees being as 'diligent' as UKOG apparently were in farming in - unless, of course, they didn't believe their own 'transformational' communications about it.
As for Contingent resources UKOG carry the Xodus 2020 gross resources for Basur Resan of 33mmbbls despite the failure of Basur-3, AME 7mmbbls.
Well it costs about 60p for a roll of Andrex super quilt bog paper, 235 sheets per roll, that's about 0.25p per sheet so it's about 4 x cheaper to use UKOG shares on a roll to wipe yer butt than Andrex...
0.05p 14.44k 1.72m m/c.
Soon as oceflop comes back the sp crashes even more , must try harder final ramper. Where’s Trollspunker these days ? how’s his buying going i wonder 😂😂
After the late reported 15 million yesterday and the 32 million the day before its no real surprise to me to see a delayed trade today of 28,870,773 at 0.05.