The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nailed it CynderLad
prainey
You on the other hand seem and act like a baby...glah..Long live SS you are making me money...nowt wrong with that..its a case of buying/selling @ the most opportune time,which I doubt half onthis BB HAVE ANY KNOWLEDGE.
Will1734, when you write "What could anyone have done differently to SS? Personally he has done his best".
I have to disagree. There are many things that could have been done better over the last 4 years.
1) As CEO he could have acted with integrity and kept shareholders updated with bad news when they had it to hand rather than withholding it.
2) As CEO he could have bought shares as per the commitment made as part of the director share plan that was issued by way of RNS. He has refused to buy the shares that he was committed to buy as per that plan. A shocking act by the CEO.
3) As CEO he could hold regular investor calls, there is no excuse for not holding them. As a CEO you have to take the good with the bad, face the music and tell the plain truth. He refuses to do this and refuses to do interviews (other than those where he has set the questions and on a ramping quest).
4) He could park the soundbites such as "smell the oil", "train leaving the station", etc, etc. A CEO should be using hype to promote placings without have hard factual good news to back that up.
5) As CEO he could come clean on the Kimmeridge at HH and tell the market and shareholders why they haven't touched it at HH for a long long time. While he is at it, he could also issue monthly operational updates showing production status of HH1 rather than leaving PI's waiting 3 months for the formal OGA data to land.
6) As CEO he could work with the board to produce an updated company strategy and make it clear what they plan to do. To me it feels like it's a case of flying by the seat of your pants to keep the placing cash rolling in without any intent to make UKOG a real commercial prospect.
7) As CEO he could uphold the promise made last year to take a pay cut for a longer period, instead of which, he did not take anything more than 1 month pay-cut of 10%. Check the accounts.
8) Following up on point 6, as CEO he could have provided the real expectations for the Turkey punt. They keep quoting Basur-1 and initial 6 hour flow tests, but they have not provided any details of what they expect over a 1+ year period.
9) As CEO, he could have had an updated CPR for HH commissioned, but we all know why they haven't bothered, the chance of RBL is dust.
I could go on and on and on. I'm sure that the FCA would find many many examples of him not acting with integrity.
Personally, I think he should consider himself lucky not to be facing criminal proceedings. But that is just my view, an opinion.
"Why did they not spend any cash of converting HH1 to dual complete from the Portland and Kim?"
The Kimm clearly doesn't produce well without (possibly) fraccing - the recharge rate is too low for commercial operations
" Personally he has done his best."
I was told many years ago - "it's not YOUR best we want - it's THE best"...................
£ 80 mm burnt here in less than 10 years
Every time it goes down it becomes a "stronger buy".
LOL
Alternative investing strategies, courtesy UKOG Plc.
SuperTrampers
Is this yet another
Strong Buy?
What could anyone have done differently to SS? Personally he has done his best.Good times ahead
Sanderson, what an utter ****...
The board should be investigated by the FCA, they have not upheld a number of the FCA requirements, certainly haven't when it comes to acting with integrity.
As I said many times before, Turkey is dead. They have not been award any further license blocks and have drilled a duster in an area known to be sub-commercial. It's clearly a ruse.
Why did they not spend any cash of converting HH1 to dual complete from the Portland and Kim? It's been a long time since SS updated the market on this and it should have been completed by now.
He should definitely be investigated something not right about all of this
It's also worth asking oneself the question - exactly why did the board entirely renege on its officially RNSed commitment to buy UKOG shares as of the 2nd July? And presumably they won't buy any shares at the start of this month either.
I mean why would they? They've got the best idea which way the SP is going to be heading... and it's not like they've suddenly decided to give a rat's behind about the continued pain of the company's shareholders.
Utter contempt for PIs as usual... and they're being paid obscenely large monthly salaries - all funded by PI money, don't forget - to continue to display this.
Misled private investors to the sum of 400k plus @ a placing price of 0.18 knowing full well that the drill was compromised while protecting themselves and not buying a single share.
This guy should be behind bars.