The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Ocelot,
one of the truths of oil and gas exploration and production is that expenditure on wells and seismic has more chance of low grading a portfolio than high grading it as UKOG have demonstrated by drilling Broadford Bridge, HH-2z and Basur-3, and producing HH-1.
What the real conclusion from the testing both Portland and Kimmeridge at HH and BB can only be guessed but at the time the claims for production from HH-2z gradually diminished and became more and more vague as drilling approached.
UKOG have been either unlucky - which is a positive way of looking at it - or have failed to communicate to investors the risks that even posters on this board have been able to identify as major, rather than hardly mentioned - which is interesting when considering ocelot's claim that with a lowly SP the risk / reward is attractive when the risks are hardly mentioned and the rewards exaggerated. Destroying the SP by poor results then becomes a positive thing.
Ocelot has been promoting the 'low' SP as a benefit for a long time and probably for long before this post (pre 8 May 2018 posts are no longer available) when the SP was around 1.5p - 12 times today's SP:-
'RE: The OGA 08 May 2018 17:32
Remember the sp is only 1.5p ...
-------------------------------------------
Precisely, Scandic! It does help to make UKOG appear to be an interesting proposition, doesn't it?
Page 4 also includes:
'Maximising return on investment by actively considering divestment after an asset has been derisked, where appropriate'
Are they looking to sell Horse Hill? Why does ocelot not mention this?
WTF "Continuously review and high-grade our portfolio to either acquire or divest further stakes in existing assets. " does not actually mean anything. It's just a few highfaluting words put together to sound good.
OUR STRATEGY ...
Targeted Portfolio Management:
Continuously review and high-grade our portfolio to either acquire or divest further stakes in existing assets. We
also look to acquire assets at any stage in the life cycle and are not limited by geography, where we can create
significant value for shareholders. (p4 of the 20/21 annual report)
And yet we get all sorts of postings on projects that are not going to happen any time this year or years to come. How many of them will fall to the wayside like;
Offshore IOW
Arreton
Markwells Wood
Baxters Copse
Holmwood
Lidsey
Brockham
Eakring-Dukes Wood
Kirklington
And that's without checking back to see if I missed any.
Sure, who wants to go and watch paint drying?
Several of those accounts are of people that used to go to horeshill quite often, untill there's a reason to go again there's no point in posting, unless you all want to know about Harry the horse
Does that mean you will be posting more on here ?
It has gotten so bad that they have even stopped posting about UKOG on twitter. Some do have multiple accounts!
@davethedrill1
@WealdOilers
@Anton13579
@JCranam
@JohnRogan9
@johnrog94359745
@SallyAnneOil
@HorseHill710
@HarryTheHorse7
@Bythegates
"Same old lifeless trolls"
I believe the folks you refer to have accurately foretold the future of this share, through all the real trolls ramps.
You may recall the latest excitement following the Loxley appeal result.
The people you refer to as "lifeless trolls" made profits by categorically ignoring the real trolls.
We got in and didn't hold.
We did not listen to the 'train leaving station' repeating rampers.
We continued to warn others about your ravings.
I would still like to be proved wrong about this share and see it turn around to rescue the LTHs.
But I don't have enough confidence to leave anything here for it.
That is a 'fantasy' though.
I don't believe Sandercon and his merry band of trolls can do it.
I wouldn't employ him to care for the office cat.
UKOG is just his way of having others pay for his living.
Are they not the same people?
Tymers was their landlord, wasn't he?
There's a few rampers on here that are worse than the Indian scammers trying to hack your home PC.
Most ironic thing here is TH2's name.
:'D
I was watching Westworld ;o)
A bit ironic that it took ocelot 9 minutes to reply to TH2's post; it is almost as though he was waiting for a post to appear for him to respond to.
"While the company is working away in the background almost aligning it's business with the UK and world governments agendas"
Translation " Writing no cost puffery about whatever is the current buzz word in the headlines without doing any real work"
TH2
"Key player"? They can't even make a profit. And just like UKOG you will never make a profit.
The Company has been advised by Zetland Ltd, its planning consultants, that the scale and nature of the Energy-Hub development is expected to qualify as a Nationally Significant Infrastructure Project ("NSIP"). (RNS of 30/05)
posting here by the minute daily I see.
While the company is working away in the background almost aligning it's business with the UK and world governments agendas
They are positioning to be a key player in the UK's national energy production and storage needs.....well played UKOG team :-)