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Ya out only going one way from here and that's up simple really if you cant see it or dont want to tuff! No luck needed holders
Some overhang to clear , not that SS cares got a bonus 300 k for ordering a rig.
To much weight now pushing the SP down .2 incoming.
Cheers sando ya merchant banker
Why is that sacllywag3?
The shares have only come to the market today.
That RNS should have been out last week.
"do with the HH2z Operational Update and then HH1 dual completion update "
I doubt we'll see the first for a week or two - the dual completion is some time further away and then the CPR beyond that even . Suspect we'll hang in around current range for several months, maybe drift up if the oil price increases and holds but real news won't be around for at least 2 months I think
Agreed Ipadtrader
*Tellurian.
So basically with YA's outstanding conversions to come the share overhand is about 1.1 billion which is far higher than anybody thought, that will take at least 6 to 9 months to clear and then Sanderson will be straight back to YA as he has already intimated for another 4.5 million (assuming YA still want to do business) and another year+ of overhang ....if he hasn't managed to crash the SP altogether.
This rabbit that everyone is hoping will be pulled out of a hat is going to have to be seriously huge because as a long term holder of nearly 4 years if its not I'm not sure I'm going to see my money again.
Tellurium obviously need money but not at this price. GLALH.
If we get good flow report they could be snapped up pretty quick. BOOM
If, at any stage, an II wants to pick up a line of stock, they know where they can apply!
Total shares issued to Tellurian from September 862,216,829, total shares left 514,050,129 so Tellurian have sold 348,166,700 shares since September 2019.
Whoops!
That makes exactly 204.5m of disposals!
463,448,088 down to 258,948,088, before the most recent allotment: that makes exactly 205m disposals.
We'll never know, they should have reissued the correct version.
Hope your figures are right, then they've sold at higher rate over last 3 months.
Think it's the statement at the bottom that is right, think they found the form confusing to complete.
Ocelot,
The RNS on 7th Jan is bit confusing.
Not sure if my number ,or yours is correct.
It does say as of Jan 7th they hold 331m, and yes it does say at bottom, that they held:
31st Dec 463m.
I assumed they sold a lot and reported 331m in Jan. Is this right?
Ouch
skinnyboy16 - I think only 'some' people didn't know and those had been spouting their usual twaddle.
These are easily identifiable, and quite quickly too.
I don't use the analog filter for them, but I do use my built-in digital one.
It's quite good as it does it by degrees (degrees of Plonkerishness). ;)
;)
The reality is that it is better for them to wait until the overhang from YA is clear & there are positive results from UKOG if they can.
There may look to place the holdings with a institution at that stage while taking costs in the mean time.
70 over 3 months is only about 700,000 shares per day.
after the December 31, 2019 allotement, Tellurian
Investments LLC held a total of 463,448,088 ordinary
shares representing approximately 6.4% of the total
voting rights.
Sold 205m of their holding after the 31/12 allotment.
not quite the sell off people have been spouting on here. just goes to show, no-one actually knows.
Tell At moment have 514m shares,
At end Dec had331m shares,
Just issued April 255m shares,
Therefore sold approx. 70m shares between Jan and now, so they are selling slowly.
On 31 March 2020, prior to allotement of the final
tranche of UKOG consideration shares as described
herein, Tellurian Investments LLC held 258,948,088
shares of UKOG representing at that time
approximately 3.44% of the total shares outstanding
of UKOG listed on AIM. After the allotment of the
final tranche of UKOG consideration shares on 31
March 2020, Tellurian Investments LLC holds a total
of 514,050,129 ordinary shares representing
approximately 6.61% of the total shares outstanding
and voting rights of UKOG.
Tellurian 6.61%
Let’s see what they do with them
GLA!