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Loveapoundnote
The virus is not responsible for a dip in the UKOG share price - Stephen Sanderson is.
You a a member here since the 3rd July 2020 just another troll.
Loxley planning will be successfully following the SCC investigation or a appeal & UKOG will bounce back. You have no understanding of the value within UKOG but SS does!
The reality is there are very few oil companies that are not currently down in the dumps & not just oil companies for that matter but this is cyclical & for every big down there will be a very big up before the market balances out.
Whatever many think at least there is a experienced & stable board of directors at UKOG who will see us through the current difficulties.
The fact that Surrey CC's investigation continues more than week after the meeting, is, in itself, quite an admission.
The virus is not responsible for a dip in the UKOG share price - Stephen Sanderson is.
And the mess up that was Broadbridge. A walking around money maker in pink trousers
It goes down on bonus pay day and thereafter when SS draws on his pay cheque
Anyone who thinks covid affected this share price remember, Covid hit in February/March 2020.
Open this chart of UKOG's share price performance.
https://www.lse.co.uk/ShareChart.asp?sharechart=UKOG&share=Uk-Oil-and-Gas
Set it to "1y".
Look at UKOG's Share price performance over the last twelve months and please point out to me where you've identified that the virus was clearly responsible for the dip in UKOG's SP.
I don't see it.
Even if you select "6m", there is still no discernible blip in UKOG's consistent fall from its' height, last September (in twelve months, not considering the 2017 spike) which anyone could attribute to the virus or lockdown.
Ok Covid - not their fault, but HH-2z well, yes
Ocelot - SS and the BOD are solely to blame for the demise in capital - ...
----------------------------------------------------
I do find you a wee bit harsh, Qwerty.
For myself, SS and the BoD are responsible neither for Covid-19 nor the geology of the HH-2z well.
Sad to think this will never see a penny again 2 wells ballsed up SS needs stringing up
Ocelot - SS and the BOD are solely to blame for the demise in capital - they are draining to much cash for personal reward - the professional market scans for this type of behaviour v operational problems that may be resolved. In todays marketplace, overpaid exuberance on reward without delivering is severely frowned upon imo.
Exactly ocelot.
We had one poster here every day for months telling us that Cannacord was selling out 'asap' just like every other placing holder, and another telling us to expect a 10% RNS 'any time soon', and potentially a 20% or a full takeover by Cannacord.
Such polarising views with little or no evidence to support. So unusual for these boards ;-)
Note that, despite the enormous volumes very recently, there has been no declaration of a shareholding threshold being achieved.
UKOG's market cap restricts SS's ability to conduct placings of any size, the company needs to get its share price up.
In retrospect, the ideal would have been to go to the market and raise substantial sums back in 2017, when the market cap was between £100m and £200m, but who predicted the problems they have since encountered at BB and, now, at HH-2z?
Yeah.
I'm just worried that returning to BB could be even more expensive than starting Loxley.
And that worries me even more for where the funding's going to come from.
SS cannot just keep issuing more shares.
Apart from anything else, it would be a sign of bad management to an incredible degree.
If everything else he's told us is to maintain any credibility he needs to find all funding internally now.
I watch how this all develops with interest.
:)
skwiz
The good thing about the BB retention is that should Loxley need to go to appeal it could provide a way forward in the meantime as a appeal could take a year to be heard.
The comments from the planning officer saying that BB was not dependant on the Lockley findings may allow for a earlier application depending on what happens at HH & funding.
A two-year commercial extension to the Broadford Bridge licence was granted by W. Sussex County Council yesterday.
Some feel there should be an RNS in celebration.
I'm not sure it's big enough to be worthy of special mention.
IF it starts producing, I'll change my 'mind' (as I like to call it).
:)
What RNS are we expecting?
Buys & sells mainly in red- waiting for the RNS- May be a little storm coming********, who knows which way it will go, blow- up north or down south!