RE: OUT OF CASH AND NO ONE WANTS ITS SHARES.Today 09:38
Ocelot,
Pinarova was a way of stringing out the gamblers until the next news. Just like the PPP farm in, Loxley farm out and HH-2z conversion.
Once the Supreme Court judgement is handed down - not next week? - then it will be the application for a government hand out later this year, though when will the successful applicants be announced- so fitting for a company that has been loss making every year since the Gatwick Gusher / Kimmeridge fairytale.
This in the Annual Report:-
'Our loyal shareholders will hopefully be rewarded as soon as the Portland Port development consent application has been submitted in due course.'
So much for the O&G business, but it would be helpful if UKOG was going to become a gas storage company, a venture all the money raised appears to be spent on, if UKOG could present a business plan to investors with timelines lass vague than 'meeting Southern UK's predicted storage needs in 2050 and beyond'. Apart from a P&D to help out with hyped up news whoever thay've taken cash from (though perhaps that is, and has always been the business plan) what and when will be the long term investment justification?