We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Happy to be a dreamer!
I am amazed anyone is still positive on this share personally, anyone being positive is either a manipulator, a dreamer or a fool !
Some of the spinners on this board are so dedicated, they wouldn't be out of place in the England cricket team.
The amount of time (and money) wasted by people on this dud oiler beggars belief! It is neither a good long term investment nor is it a particularly attractive trading opportunity. You could have made more cash day trading the £1-2 ups and downs in the AstraZeneca SP over the past month than from UKOK in the last year and without any prospect of losing your shirt.
Arreton and Loxley and are tiny beer when it comes to the UK's energy needs and that's if they're successful to the extent that UKOG are guessing. Any suggestion they (and HH) will have any effect on global, European or even UK gas or oil prices is insane. Balance of payments a little help - but lost in zeros at the end of the enormous deficit this country runs.
Chances are the wells will just be a waste of money - and whilst Arreton could be produced at low levels (like HH) Loxley has to reach a (unknown) level of success to be economically developed as gas will require multiple wells and a great deal of infrastructure for export. Gas to wire being a poor option.
So all this wailing about unfair local decisions by nimby's worried about house prices so the whole system of local government needs overhaul (because UKOG was refused planning permission) - it's all really about UKOG's SP so equally about personal gain (quite rightly) - or really about hoped for P&Ds to sell out based on getting permissions to perform the drilling rather than the results.
The planning system has checks and balances - and nobody expects these decisions to be upheld on appeal - a delay in permission but it was always unlikely Loxley was going to be drilled before the end of 2021, and IOW the end of 2022 - UKOG aren't exactly Mr speedy when it comes to submitting and finalising applications anyway.
Maybe reflect on the difference between what UKOG said before and during testing of HH and BB and the comparative silence afterwards. The lack of information about what is (or isn't) happening in Turkey. The fact UKOG has spent tens of millions pounds - and by the time they've raised enough to drill Loxley and IOW almost certainly approaching 100million - dilutig the SP to so far produce about 100bopd.
Be honest it's a gamble - unfortunately UKOG's roulette wheel has more zeros than the national debt and it doesn't even need a spin of the wheel for the SP to fade whilst waiting for the cry of 'faites vos jeux' before the next RNS.
It’s not about being a fascist , it’s the need for someone, any one , other than Boris or kier…
There is no one with gravitas and common sense in politics any more.
Tony, there's enough fascists in the UK to support them. You only need a party banner that has the Union Flag with a Brexit logo and you'll get half the hams in the country signed up.
I think GBNews party might emerge to replace conservative green alliance party and Labour…
" with the insane Johnson and his crackpot wife there is unlikely to be any in the UK mainland at all. God help us all until they are out of office. -"
And who will repalce them? The Labour Party? teh Liberals, A Breen/SNP coalition?? They're all WORSE for teh O&G industry.
O&G onshore UK is almost dead for new developments - that's why the big boys left 20 years ago.
And its not the Govt. - its everyone in the country who objects to ANY change near them. I doubt anyone on this board would back a new large development at the bottom of their street for any reason
Pretty sure Johnson's sold the country to bill gates and the rest of the vaccine cartel after politicians bankrupted us all giving our cash away to bail out the bankers.
These shots and booster shots should be looked at as dividends/debt payments for their shareholders benefit thats all and with Johnson and gates setting out their green ambitions yesterday oil and gas and cheap energy are screwed.
Prepare for more pensioners to die of fuel poverty this winter, oops sorry meant covid of course.
Did anyone really believe that the IOW would allow oil/gas research and development go ahead? I certainly didn't and with the insane Johnson and his crackpot wife there is unlikely to be any in the UK mainland at all. God help us all until they are out of office. - GLA
Surprised it did not open lower!
My mind is telling me that the project is fine and would normally get approved. But the reason for the rejections is UKOG and the history behind it. I have no position in UKOG I did have and keep an interest.
Quick drop for stop losses, now 14% down.
Bull5hi77er here - yes sold some yesterday, just bought them back ;-)
GL SR
Failed again no future here
I wonder how many of the usual Bsitters will now say they sold yesterday.
I liked the bit when a councillor said he joined the committee 10 years ago because the council was losing lots of appeals, and costing tax payers money, then voted against, you couldn't make it up, they should do a spitting image series on local council meetings!! Gla.
0.11 pence is coming….glad I sold out last week.