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They'll have to do something soon, they're in danger of running out of money to fund Sanderson's sinecure.
You cannot short UK Oil & Gas (UKOG) any more. Its shares are now more than 99.99% down from peak ramp and, at 0.029p the market cap is only just £1 million – there being almost 3.7 billion shares in issue, post one consolidation. But the final death throes are going to be interesting.
I predict that the next RNS will either be suspension or get the world-record for containing the most BS in a single RNS in the whole history of AIM RNSs.
"Swampies" might be brewing Green Tea to celebrate their victory over UKOG.
The upside would be limited by the 3.5bn+ shares currently in issue.
Ocelot: would Mr. Sanderson’s resignation represent a positive surprise?
If management is working on a positive surprise, then the percentage upside could be substantial.
Trish. Sanderson pulling his finger out of his ar5e would be a start.
We all know the history with this stock, but we could all be surprised if Sanderson pulls something out from nowhere! ;)
I don't know why anyone even bothers to post on here anymore. What is there to talk about?
A miracle?
They seem have put themselves in the position of not being masters of the company's destiny - with not even the spare cash to convert HH-2z, assuming it has ever been anything but a plan to keep the punters strung along.
So they have to wait and hope that something 'comes up' that creates a rise in the SP even if it's only temporary when the punters realise that news/plans and subsequent activity are months apart.
Plenty possible, though these have been expected soon for a while, the Loxley farm out expected 'soon' since 2022.
Supreme Court judgement which will expose whether the PPP HH farm in will happen, starting with 3D, some arrangement for Portland Port, Loxley farm in, something in Turkey.
“but what?”
Administration?
We are waiting for the date of the AGM to be announced.
On their side, management, too, appear to be waiting for something to happen ... but what?
Under George Lucan, it looked as if Angus might be interested by Loxley: he described it as an "attractive asset".
Under Richard Herbert, that is no longer the case. RH has said Angus's growth strategy should play to its strengths, the management of mature fields.
Re Angus, there has been no mention of any action for ages. Some of those involved can probably still be found on the bulletin board of lse's principal rival.
Extra, there are two things that need to happen, one is a complaint to the fca and the second is a claim against the ceo . I am aware that about 2 years ago a bunch of Angus shareholders were named in a case and were being taken through the coursts by a group of shareholders. I am unaware of how/if that case is now resolved. Investors here who believe they have irrefutable hard evidence of misrepresentation [ rns staements etc] probably need to get together and find themselves a no win no fee lawyer. GLA.
Btw will the company get a mention in parliament when the assisted dying bill is debated?
The "Tree shake" seems to have brought a massive windfall to management over the last few years.
I seem to recall some years back when an official geological survey was carried out on the weald they reported far less recoverable oil than latter day commercial investigations reported possible Long time ago but I think an estimate of 40 million barrels figured somewhere in the report . That was in the nearby Balcome area
Are Sanderson and Ukog liable for miss selling, regarding his stating 50 to 100 billion barrels of oil with 5 to 15 % recoverable at HH , his actual words , if this goes to the wall which it looks like I’ve lost 7k , now I invested on Sandersons words , now if it can be proven that wherever he obtained the facts for his statement are not true then I want my money back from Ukog or Sanderson , you would not get away with this in any other industry so why should they or him .
Insidious you have some balls showing your face you total ramper.
Ocelots best mate is back God help us.
Ehhhhhhhhhhh tree shake !!
More like total deforestation !!!!!!! mind you, they need to deforest to pulp it up for the next confetti factory run !!
Deltavegatheta - wow you can copy and paste..
@Insidious 22 Feb 2024 19:13
"Murray Auchincloss could be looking at buying the HH asset from UKOG..."
It's almost as if you are making stuff up
Positive RNS looming……
SS marked by this forever ? The guy has 15-20 years left on this planet , do you really think he cares ? He managed to scam 1000s of boomers out of £millions over the course of the last few years. He probably goes to bed thinking " I can't believe I managed to keep this sham company going for so long " :)