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Ozzy,
but you don't seem to have an opinion, except about other posters
But I'm pretty sure I have posted I'm not a nimby, or even a N.I.M.B.Y. (as you like capitals and extra punctuation).
Posting an opinion about the company that you and certain others don't seem to agree with is nothing more sinister than being an investor who actually researches beyond the SP and being worried about it to the extent any discussion with the slightest negative implication has to be countered with a bit of name calling - your speciality subject.
You'll note both you and I have 'no opinion' under our names in each post - in my case it's because I am neither positive nor negative about the company in terms of the SP as many factors affect it, seemingly least of all the chances of the sort of success SS has craved, and still craves - and as I said earlier it can go up on the barest of news, and down when there is none.
I see the current ramp (not you Mr no opinion) is to try and engender a FOMO based on pictures of earth still being shifted around and suggestions that before a drop of concrete has been laid the rig will arrive in 2 weeks, or an unspecified 'soon' - I'm sure that UKOG tweeting these pictures wasn't to help in that, after all they have no intention (apparently) of trying to raise funds - which of course would be better at higher SP. Though watch out for the very large trades (in cash terms, even a modest trade runs into millions) late in the day that appear to be buys that have often signaled a fund raise for some reason, as of course forward selling is not allowed.
This of course allows the - look at those huge buys narrative.
Wronin, as I said in my last post.....penguin and cynders are "N.I.M.B.Y,s and there's many more of them on here.......and they don't deny it.....onwards.and upwards.....I'll be accused of being a ramper again now, as is anyone who is positive......opinions....opinions.
Penguins: well said. Your post is right on the money.
Morning Penguins...
Ok Susan relax, you’re very uptight clearly.
I wasn’t talking about SS regurgitating information... it was referring to the constant regurgitation of information that we’ve seen/heard already... but you know this.
Have a good day anyway, I hope this comes good for you
'Regurgitating information we’ve already read.'
That's no way to talk about SS, even if it's true.
So what passes as discussion about UKOG, for what appears to be a group, is posting one after the other commenting not about the company, but other posters, preferring, in the absence of a coherent argument to claim that because they don't agree with a post a bit of name calling will do instead.
Is it because all they can do otherwise is regurgitate the company's PR even though it's like a broken record endlessly repeating 'jam tomorrow, jam tomorrow, jam tomorrow', when the only way any pi makes money in UKOG is not because of long term growth but the occasional pump and dumps based not on positive results but activities along the way that are just as likely to result eventually in failure as success.
Anyway just to assure you that I'll continue to research the company and compare what they say with what thay do, and often more importantly what they don't say with the information that's available elsewhere about the activities they're involved in.
Cheers, seen that one . ATB
It's the video that was released on Friday afternoon, just before the final results RNS:
https://player.vimeo.com/video/537724300
Can someone post it please, missed it yesterday. ATB
Regurgitating information we’ve already read...
Is there any danger of you telling us something we don’t know ...
Up the UKOG!
"My overall impression of the interview is that UKOG remains a highly ambitious company: Turkey, Loxley, in-fill drills at HH, 2 stand-alone geothermal projects in the South of England being studied, Isle of Wight.Imho, the current market cap of £32.4m bears no relation to SS's ambitions for the company."
Oh they're AMBITIOUS enough - the problem, as with so many AIM oilers is delivery - they can never hack it. The Current Market Cap reflects what the market believes they're worth - and TBH they'r a lot more accurate than SS
Wronin.. You won't get an answer to "why are you here" .......it's to keep UKOG out of the "green green grass of home" . that being the beautiful lands of Surrey and Sussex....it's the only answer that makes any sense......same as cynders who declared that "TURKEY is dead" ....both have declared recently that they have traded but it's just a bluff, otherwise it would be blatant manipulation wouldn't it
Good interview...things really moving now in Turkey. One update...and we should hit the "SKY".
Lengthy post penguin... detailed as ever. I get that you’re not feeling UKOG, fine that you have a different idea of where we might go, I just don’t know what you gain from continuing to post negatively when we get it, we’ve heard it... your posts are thorough and obviously a lot of time had been put into them... but to what end? What’s your aim... to help would be investors? There has to be a reason that benefits you for so much effort
Good work Penguins. There will be a lot more similar baloney in the months ahead.
The fact SS hasn’t bought shares doesn’t mean a toss to me...
Well we’ll see who’s been had... you clearly have that’s why you’re twisted ... I’m in cheap as chips so, I’m sweet and positive about things...
SS interviews - hmmm - I have to admit I've stopped listening because it's seems they need a health warning.
These are soundbites from an interview with SS made by Rodders74 in November 2018, long enough ago to know what happened to all the 'expectations':-
'Loads of great positives. Some SS quotes as follows:
1. "Fortunately the wells are not expensive"
2. "Plenty in the piggy bank to not need to tap up the market"
3. "The orientation of the HH well is not optimal to recover the oil at the best rates." So next well they drill will be at a more optimal angle.
4. "The rates we are looking at, the Portland and the Kim.... conservative.... £20million revenue a year.... pretty decent change.... planning further drills and wells at HH"
5. "This is very real, it is not conceptual. people have seen the tankers coming out of site each day"
6. "I mentioned value.... what do we mean by the asset value of an oil and gas field.... how much oil can you get out to the surface and how quickly can you get it out..... these tests at HH give us the metrics, in terms that we know, how much a well can produce, and how much it can sustain..... what volumes of oil can you get out..... Net Present value, we get some very healthy numbers"
7. "£150 to £200 million in the Portland alone"
8. "For each Kim well lokking at £15 to £20 million per well, multiple wells per pad. HH is just one pad, data shows our concept... laterally extensive across the wield. replicate HH at multiple sites."
9. "each site at £100 million" (for the Kim)
10. "IoW.... 127 million barrels of OIP... 4 times that in place at HH (portland), big chunk of value if we get that working"
11. "The train has just left the station, the journey will be in 2019, putting HH into production...
12. "its not like we will be shutting up production now, we will be producing oil and producing money"
13. In asnwer to; Will production be increasingly used to fund exploration? "it doesnt' take you too many wells at £20 million sales that means you can build a piggy bank that means you dont need to tap up the market"'
Seems that cheap wells and projects worth 100s of millions are a thing for UKOG - at least they've stopped claiming no more 'tapping the market'.
I don't think HH-1 with an NPV of less than £5mm is a very healthy number. IOW 127mmbbls oil in place - 2.6mmbbls recoverable in a Turkish presentation at Arreton.
'The train has just left the station' - what happened, broke down and sent to the scrapyard?
So now (apparently) it's all Turkey (someone else operating - and what they want to operate - geothermal (hot HH-1 water?), solar power, natural gas reforming, gas to wire - there's obviously no end to what they want to do because they can't seem to produce oil as an operator.
Yep - jam tomorrow, will tomorrow ever come though- anything changed - I suppose the SP was about 1.5p then.
SS got a bonus £310k in the previous financial year (page 26 of the accounts). Some shareholders wonder what he did to deserve the handsome reward bearing in mind the loss that year of more than £5m [for some weird reason some shareholders consider the losses valuable].
https://www.ukogplc.com/ul/UKOG%20Annual%20Report%202019%20Final.pdf
SS seems to prefer cold hard cash, not shares. And who can blame him - maybe he thinks shares will not retain their value if losses and dilution continue?
I’m sure that in SS’s contract he’ll have been issued some shares and certainly on a results based bonus?
So there’s no massive need for him to buy... although I do agree it would give investors more confidence if he did invest
Ocelot: I doubt anyone will argue with that.
My overall impression of the interview is that UKOG remains a highly ambitious company: Turkey, Loxley, in-fill drills at HH, 2 stand-alone geothermal projects in the South of England being studied, Isle of Wight.
Imho, the current market cap of £32.4m bears no relation to SS's ambitions for the company.
Not so easy to see what’s going on in Turkey, you could say SS is playing a blinder
"... what's available in the UK really doesn't offer us the step-change in growth we really aspire to, so I've always wanted to take the company international, ... Turkey was on the radar, ..."
I remember when SS did an interview he had excitement in his voice, now sits there like a ventriloquist dummy!
Turkey desperately need more oil and gas towards their growing economy and population and Turkish government will definitely make things easier for foreign investors. Love it.