The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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If they needed an EGM to approve the issuing of more shares/confetti how were they able to issue 3 billion to the EBT before getting shareholder approval. Think the NOMAD should be held to account.
Are you for real? You have reported me, for abusive language? And filtered me, I can understand you filtering me, that’s you beat, so if you filter you don’t have to answer any difficult questions
""This is going back up !""
You failed to complete the sentence !! This is going back up SCHIT CREEK !!
""Your just a GREEN box now lol!""
EWWWWWW yeAH,,,, that will work for a few hours until your are incinerated by admin as usual lol,,, best post you made all day !!! TICKKKK tockkkk!!!
I can only speak for myself, and you have hurled vile abuse and derogatory remarks at me! And my workplace, trying to humiliate and discredit me, so as for you getting abuse? You deserve all you get, but like many keyboard warriors you like to dish it out but don’t like getting it back…
In reality he might be a decent fellow, but on this board he is a bullying, lying name calling, poster that attacks your character and occupation…
Pboo Posts: 5,023 Price: 0.233 No Opinion?RE: FOTH keeping quiet 05 May 2021 13:40?Cynderlad?Nothing unusual about Foth / Adrian holding back information / pictures, he thinks he is clever and can manipulate the price for a quick trade. He has been doing it for years.?He will of been tipped off by N66.
So the famous Tanker tricks!!
Basically what I think, and this is only my opinion, back in the day when ukog was a hot commodity(total hype) certain posters watched for oil tankers and took pictures (no water tankers allowed) then they took the gamble to make a purchase of ukog shares before releasing the pictures, then ramped the living daylights out of it until they got a profit and then a case of rinse and repeat, a good trick if you can get off with it…
I missed this gem:-
'Penguins posts are full of might happen maybes what ifs and buts.
Butvposts them as though they are facts. Been doing it on here for years :)'
What you missed is that, fairly often after years have passed, they become the facts of what happened.
Your predictions, often based on either misunderstanding, or deliberately misunderstanding, what UKOG RNS, on the other hand...........
Water
The problem is your 'argument' is that everyone you disagree with is a greenie, nimby etc
It isn't a counter argument it's just trying to discredit a reasoned opinion.
When I disagree with your opinion (or as you claim 'doesn't seem to like') I explain why,.
For instance I give reasons why BB doesn't need information from 2 distant wells to decide what to do next, why I believe that Finch isn't the reason for no drilling at HH, what's wrong with Loxley, how UKOG misrepresented the Turkey venture and why they did it. Opinions maybe, but based on analysis of facts.
As for UKOG's bank balance neither you nor I know what it is, but they certainly don't have cash for anything beyond preparing for things and nothing in the near term to generate more cash to do anything except printing shares. That's why I would call into question UKOG's ability to pay for restoration of the BB site in the future - it depends on risky projects being successful or their ability to raise maybe £1mm in the future. Are you upset about a bond being requested because you don't think they have the cash?
'But Penguins says the only reason why peeps post positive things in here is because they have invested here. No Shxt!!'
No what I posted is about you specifically and your continual insulting and trying to discredit other posters making counter arguments to your claims of how wonderful UKOG's assets are.
'You're posting because you recently gambled £5,000 in the hope that the Supreme Court would give its verdict on the Finch challenge.
They haven't so you're on here insulting and trying to discredit other posters with your lies and fantasies about them, and posting how wonderful all the assets UKOG have are, despite the evidence they're not, in the hope that your posting would encourage anyone to buy shares in UKOG'
Adrian has survived the morning cull by Admin... have they decided to #freethefool?
TICKKK TOCCCKKKK ADRIAN !!!! see you've been busy lol....
I'm not a Green, nimby or any of the other stories you post here or on twitter.
Saying something might happen is not the same as wanting it to happen, though the difference between my posting and UKOG RNS is that what I post might happen has, over the years, been more likely to happen than what UKOG hopes will happen and anyone repeating their claims, like you, more likely to be wrong.
You're posting because you recently gambled £5,000 in the hope that the Supreme Court would give its verdict on the Finch challenge.
They haven't so you're on here insulting and trying to discredit other posters with your lies and fantasies about them, and posting how wonderful all the assets UKOG have are, despite the evidence they're not, in the hope that your posting would encourage anyone to buy shares in UKOG who have just been given authority to issue 50% more shares against the wishes of shareholders owning 1.4 billion shares (apparently all TW supporters) - something you think is great.
Date(document was filed at Companies House) Description(of the document filed at Companies House) View / Download(PDF file, link opens in new window)
08 Mar 2024 Statement of capital following an allotment of shares on 29 January 2024
GBP 14,537,346.13269
View PDF Statement of capital following an allotment of shares on 29 January 2024
GBP 14,537,346.13269
- link opens in a new window - 3 pages(3 pages)
08 Mar 2024 Memorandum and Articles of Association
View PDF Memorandum and Articles of Association - link opens in a new window - 46 pages(46 pages)
08 Mar 2024 Resolutions
Resolution of allotment of securities
Resolution of adoption of Articles of Association
Resolution of removal of pre-emption rights
Sub-division 05/03/2024
View PDF Resolutions
Resolution of allotment of securities
Resolution of adoption of Articles of Association
Resolution of removal of pre-emption rights
Sub-division 05/03/2024
- link opens in a new window - 2 pages(2 pages)
09 Feb 2024 Confirmation statement made on 30 November 2023 with no updates
View PDF Confirmation statement made on 30 November 2023 with no updates - link opens in a new window - 3 pages(3 pages)
08 Feb 2024 Statement of capital following an allotment of shares on 8 November 2023
GBP 13,965,939.89789
View PDF Statement of capital following an allotment of shares on 8 November 2023
GBP 13,965,939.89789
- link opens in a new window - 3 pages(3 pages)
Listen to FOTH at your peril, he is just a wannabe trader that will post anything that he thinks will help him trade, he is very seldom correct if ever, He was involved in the tanker tricks fiascos, and the secret pipeline, he’s just in it for a pump and dump, he will turn on his friends at the drop of a hat, I wonder how many unsuspecting investors he has encouraged to invest in this ever fading company over the years, with promises of double bags and riches, only for the sp to continue to drop in an alarming manner…
Just fed up with my posts disappearing when admin get rid of you and sometimes delete whole threads.
On the other hand yours are often so embarrassingly wrong I guess you're happy to have them deleted regularly.
I might point out that the Surrey planning committee ignored the planners recommendation for Loxley, but all they're allowed to do under the planning permission they've sought is to retain it for restoration, if UKOG want to drill they've got to apply for it. Though I did think the council should require a bond for restoration as UKOG's finances are so fragile.
Funny how you come up with these little srories about how soeone else feels - spitting feathers, ha ha but I just think it's a waste of time, and already explained why - but I suspect UKOG can retain some of the expenditure as intangible 'assets', and it's a bone they can throw the punters when they need a list of how busy they are.
'Funny how derampers like this Caracter Penguins with their over inflated ego think people should believe their mostly guess work posts on here. Crazy.'
Pity you didn't notice 'character'
But I don't care about spelling.
Ego? But you seem to think you have a right to post on a board you're permanently banned from, and btw you're only mentioned on this board because of your ridiculous posts need to be challenged.
Still what more is expected from a trader who lies about being a genuine investor having bought £5,000 worth a few weeks ago for 00074p / 0.0075p so it's understandable why you're desperately trying to big up UKOG when they've just asked to issue 50% more sharess - and insults other posters because in the fantasy world you inhabit you 'win' an argument by making up more stories, this time about other posters, not putting forward any reasoned argument - just hope and UKOG PR which has turned out to be so accurate so far.
As for BB - if after hundreds of feet of core, a full logging suit and testing the s**t out of the every Kimmeridge limestone for months they haven't already decided to redrill BB they aren't d waiting for information from HH and Loxley - it's just a ruse to avoid the cost of reinstating the site.
Adrian,
your 'facts' are as believable as your fairy tales about TW.
But I have posted before that the high risk of failure at HH and Loxley means a farmin is a good deal for UKOG - but it doesn't change the likelihood of success, nor that UKOG shelled out a fortune for the equity in HHDL and the licence.
If HH was as good as you seem to think UKOG allowing the share price to collapse while having an asset that could have prevented that happening is a pretty dumb thing to do.
Actions not words tell the true story.
But now we're in the end game for UKOG with not enough cash and no means of raising enough to drill they need a farminee as desperate as they are for just a hydrocarbon show, rather than an economic success, knowing that it takes a while for failure to become apparent - HH-2z, BB and Pinarova being prime examples with months of testing or waiting between drilling with initial results and failing. The only exception being HH-1 where it took a short while for water and decline to be revealed, and Basur where they drilled in the wrong place.
But according to you UKOG will 'no doubt convert oven ready already drilled well HH2/z in to a water injector.' Exactly, and a saving, according to UKOG, of £250,000 a year. They've been claiming they would do it for at least 2 years, and you've been tweetig as if it will happen soon for even longer.
The Fool on The Hill@davethedrill1
'Jan 20, 2021
#ukog I'm guessing a placing of 8 to 10 £million @.10 to cover Wages. The Turkey shoot and a water injector at Horsehill to try and make HH commercial again.'
I don't believe it's because of Finch, there's something else - is it a technical problem, injecting into a fractured reservoir with a limited thickness of reservoir quality sand - or economic, it might not save enough to recover its cost - or both.
You're welcome...
Yawn,
Maybe TW keeps getting it wrong, but then so do you
I suppose it depends whether, like some, you believe that the reason UKOG has done nothing except for workovers of HH-1 for 4 years is because of the legal challenge or that the extensive testing, result of HH-2/z and the decline in production of HH-1 has indicated that the risk of drilling a Portland dud is high - and not getting a CPR done, something that enables 'booking' reserves but has to be published, allows UKOG to avoid any published audit of Horse Hill. Also companies usually farm out their riskier projects, not appraisal or development wells.
But before any well is drilled there's 3D to acquire, and that could, like the 2 phases of seismic in Turkey destroy the updip target for HH-3. Without extra sesimic the HH-2z target was mapped as being updip to HH-1 but was in fact downdip.
UKOG are now depending on others to advance any of the projects, except maybe in Turkey - although the way ahead there is unclear after the failure of Basur and Pinarova.
PPPs farm in to HH must be in question with silence for 3 months about the workovers of the 2 Chalk Talk wells.
The Loxley challenge was defeated in early January, no news of any progress on the farm out since the 'pre-planned' farm out was initiated in July 2022 - maybe if potential farminees have spotted the obvious errors, suspect assumptions and meddling by UKOG in the 2023 CPR it has highlighted that Loxley is a high risk well.
and of course UKOG's latest money pit, the Portland gas storage project, is swallowing the cash in the hope of getting government support.
The fact is that UKOG plan a lot, claim a lot, and fail to execute plans but as far as claims the only success HH-1 has not lived up to expectations with dire decline, water ingress in a few months, which with the results of HH-2z means any further drilling is risky - hence trying to get a farminee - handing over costly equity for an uplift of £2.4mm for 49% of non HH-1 future production.
Now, now Penguins.
You know that using things like facts, logic and experience to show he is talking nonsense just get that complete waste of skin annoyed..
The extension of planning permission doesn't permit any drilling, or anything else except site restoration.
If UKOG thought the the extensive core acquired, logging or long term testing (the report is available on the BGS site and is sorry reading) indicated that further drilling was justified why wouldn't they have applied to do that that instead of farming in to Turkey which despite their claims would have been at best, based on the nearby lookalike E Sadak field, similar to Hoerse Hill-1.
UKOG's claim that further work at Loxley 17km away and Horse Hill, much further away and the other side of the Weald Basin, would have any bearing on their understanding of the Kimmeridge at BB was complete BS.
Looks like just a way of avoiding the cost of abandoning the well and restoring the site while UKOG thinks up further ways to tempt the foolish into buying their shares.
At the moment that seems to be to make them ever cheaper by promising success and achieving failure, meanwhile issuing ever more shares. Unfortunately the promises of success ever more dependant on others coming to the rescue, be it PPP, the UK Government or someone to farm into Loxley.
UKOG had the confetti machine running so fast they ran out of authority to print more, had to ask to print more, got refused and came up with a cunning plan for the BoD to be able to outvote the shareholders that voted over a billion shares that against the resolutions.
What a load of garbage, everyone knows that BB will be plugged and abandoned with a recommendation of full restoration of the site, but unfortunately ukog can’t afford it so spinning the fairytale a bit longer, BB is non commercial and has already had millions spent to prove otherwise, BB is like the rest of ukog, a complete failure, let’s get behind North Sea oil, there’s still plenty of the black stuff left down there…
The author, the council’s head of planning services, Michael Elkington, accepted that:
“The proposals would result in the continued retention of a site of an industrial character not wholly in keeping with its countryside location for a further two-years.”
But he said the site was not in a protected landscape, was “well-screened from public views” and was “temporary in nature”. He said “the potential for any negative impact on landscape character is largely limited”.
He also recommended that UKOG should be allowed to keep fencing, gates and cabins at Broadford Bridge until March 2026.
Mr Elkington said drilling and well testing at Broadford Bridge had been completed and no physical work was planned during the time extension, apart from plugging the well and restoring the site at the end of the two years. He said:
“The applications for an extension of time to enable further detailed evaluation/appraisal of the hydrocarbon resource are considered justified and would not give rise to unacceptable impacts on people or the environment.”
There would be no change to the scheme, he said, “rather a delay as to when it would be carried out”.
So that is £10m+ down the swanny.