Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cynder,
What is your basis for calling them right wing fascists?
Did you not see their plans include renationalising water and screwing more money out of the banks?
Billions more for the NHS?
Tax relief for school fees?
Raising the Stamp Duty threshold?
Or is it their plan to freeze non-essential Immigration and charge Companies some form of additional tax in they employ someone from Overseas that leads you to call them fascists?
Incidentally, that last measure is extremely common amongst other Countries - of those I have worked in, off the top of my head the USA is the only one that didn't.
Farage is not my cup of Tea - especially with his support of Trump, but that doesn't mean he or his party are fascist.
Indeed, if you look up the definition of fascist, the closest we have to an authoritarian party is Labour....
** still OWE
They received 2 million, they still own 200k and the MCAP is just over half a million. ...imagine anyone lending them 2 million now
Delisiting and administration by September I'd estimate... with a raise before hand
Https://www.heraldscotland.com/news/24210301.labour-windfall-tax-will-make-uk-uninvestable-warns-oeuk/
Vote reform to save UK Oil and Gas
Well if your people would stop attacking them and throwing things....
Started: TnucidisnI, Today 18:09
Last post: TnucidisnI, Today 18:09
Over to you Insidiot. 🤣
Started: TnucidisnI, Today 18:07
Last post: TnucidisnI, Today 18:07
They speak for the vast majority......
C'mon Nige....
Started: Ilovesushi, Today 15:37
Last post: Skwizz, Today 16:17
Dude.
Be kind and spare a thought for all the "special" posters here.
They've been trying to convince everyone that UKOG would one day come good, every day for seven years and despite all evidence to the contrary.
We need to show a little sympathy and understanding.
Okay maybe that last one would be too much of a stretch.
:D
Just another 1.2 billion shares. That is if the share price holds up. Each time it goes lower it seems Riverfort/global make money, despite we are told they are not to short. Death Spiral with shares to go lower as these two convert.
Started: Ilovesushi, Today 15:40
Last post: Ilovesushi, Today 15:40
Riverfort/Global opportunities convert as they want to get out while there is a chance. They see it collapsing and want out. The company will never getaway another dilution and for this reason it is shortly to go under.
Started: ZYX098, 20 Jun 2024 12:33
Last post: Ninetails, Today 15:01
I see the banned poster, commonly known as FOTH has been justifiably removed again…
Supertramp, eh? Here's a Lyin' Steve cover version:
Take a look at my OilCo
It's the only one I got
Not much of an OilCo
Never seem to pump a lot
Take a jumbo across the water
Turkey not America
Smell the oil in North West Asia
I'm hoping its going to come true
But there's not a lot I can do
Could I drain your ISAs for giggles
Punters dear, punters dear
I'll leave enough room to wiggle
'Cause I'm still a millionaire
I'm a winner, I'm a sinner
Do you want my autograph
I'm a loser, what a joker
I'm playing my jokes upon you
While there's nothing better to do
(I didn't need to amend the last verse at all...)
GW71,
Showing your age with that Supertramp reference - as am I with getting it ;)
When I first looked at this it was over 8p per share. It dropped but I was convinced by all the bulls*** that the company had a rosy future. I bought in at 1.4p feeling at the time it could not possibly go any lower. It amazes me how incompetent the BOD have been and still they are employed.
Sold out….twice they have turned my hundreds into pennies.
Started: AimDogs, Today 12:18
Last post: TnucidisnI, Today 13:59
More to the point, will it see Autumn?
It appears to be on a permanent decline.
Will this still be here at Christmas or will a Turkey be saved?
And look at what that the big one was yesterday, 47,524,752.
UK Oil & Gas PLC (London AIM: UKOG) announces that, in relation to the funding facility announced on 28 June 2023 ("Loan"), it has issued RiverFort Global Opportunities PCC Limited and YA II PN Ltd ("Investors") a further 247,524,752 Equity Shares to repay a further £50,000 of the Loan, the principal balance of which now stands today at £0.21 million of the £2 million gross first cash sum received.
Started: ocelot, Today 09:14
Last post: Penguins, Today 12:09
any company with decent professionals could tear apart the cpr with a major mistake in interpretation off the poroperm crossplots for alfold-1 and godley bridge-1.
one reason the well is so expensive is probably because the economics depend on the first well being used as the single producer if successful, rather than a cheaper 'finder' well just to the portland. even that is suspect as the original plan was based on 5 producers, the justification for the single well producing 15 to 18mmscf/d was not from rps who had this to say in the cpr:-
'rps is inclined to suggest that the data is too sp**** to make any definitive interpretation and therefore is of limited use in defining likely future well performance. well productivity therefore remains one of the major contingencies.'
a polite way of saying they don't believe the predicted flow rate.
0.017 now 👎
Who’s going to spend £8 million on an appraisal well that could end up dry.
If it does strike gas then next step is planning permission for extraction, including a newly expanded EIA.
The appraisal well only managed to get planning after ministerial intervention, what’s the chance of Labour allowing it?
52 Week Low 0.018
52 Week Low Date 21-Jun-2024
Anyone?
Down, down, deeper and...
Started: Ibug, Today 10:15
Last post: deltavegatheta, Today 10:56
I don't know about the POO, but the BS has shown an uptick
Due next week. POO has been a pretty much average over the 6 and 12 month period so results will show where the money is going imo.
Started: TnucidisnI, Today 10:52
Last post: TnucidisnI, Today 10:52
CEO still earning well......
SACK SANDERSON
Started: ocelot, 19 Jun 2024 17:37
Last post: jelly11, Today 09:19
Mr Sanderson I feel so sorry for, I think we should at least do a crowdfunding to raise money to pay his salary. Poor bloke has really tried hard for all the shareholders.
So it's only fair we raise some money so as he doesn't lose out on a 300k plus compensation package when this finally goes down.
Imagine his partner having to go to Waitrose instead of Fortnum and Mason. We must all realise and appreciate his efforts in guiding UKOG to where it is today. Let's all rally together and keep Stephen in the lifestyle we have provided for at least another year. Who is in?
Adrian, UKOG has been a dead duck for 5 years, but shareholders were too dim to do anything about it. The CEO should have been fired together with the Chairman. A company that was able to raise so much money should have been able to invest it wisely. Instead they spent the cash on mickey mouse opportunities whilst taking huge salaries, lying to shareholders as they went.
If you can do one thing right now, then stop pumping UKOG, go find a better junior O&G player (e.g. Syn) and stick with solid analysis and only invest in a company with a CEO that doesn't lie at every turn.
Dead duck......The end is nigh..
In a year or two under labour rule taxes will be sky high but will it have any effect on the tree huggers who don’t seam to have time to do a proper days work.
Started: Ibug, Today 06:30
Last post: Ibug, Today 06:30
4 articles in 1 day on the same day must be a precedent for them.
They are;
Breaking: Supreme Court allows landmark challenge on climate impact of onshore oil
BY RUTH HAYHURST ON JUNE 20, 2024
Campaigners have won a pivotal legal challenge at UK’s highest court on the climate impact of fossil fuels.
Key messages from today’s Supreme Court judgement
BY RUTH HAYHURST ON JUNE 20, 2024
Today’s judgement in the challenge against oil production at Horse Hill has clarified the law on what must be considered when councils decide on fossil fuel planning applications.
“Historic win will make future fossil fuel projects harder” – campaigners celebrate Supreme Court climate win
BY RUTH HAYHURST ON JUNE 20, 2024
New oil and gas projects will be more difficult, campaigners said today, following a landmark win at the Supreme Court.
Horse Hill developer seeks to restore planning consent after Supreme Court’s “perplexing judgement”
BY RUTH HAYHURST ON JUNE 20, 2024
The developer of the Horse Hill oil site in Surrey said it was working to restore planning permission following this morning’s decision by the UK’s highest court.
All can be found here;
https://drillordrop.com/
Started: danpoe353, Today 03:18
Last post: danpoe353, Today 03:18
Future of UK Oil and Gas in Doubt after supreme Court Hearing.
What's that about?.
I'm voting Reform, can't stand the 2 other cheeks.
Good luck everyone with their investment.
Why did investors agree to allow the management authority to issue more shares and face wipe out? Tell you what; Pi will no longer give the company authority to issue more shares. It may ask soon I think there is no longer any more authority to issue shares and to allow Riverfort/Global to convert. ADMINISTRATION shortly.
Started: Ilovesushi, Today 00:14
Last post: Ilovesushi, Today 00:14
RIVERFORT GLOBAL OPPPORTUNITIES Were to be issued a further approximate 1.2 billion shares to bring down the outstanding principle amount of £260,000.
I think as the share price has crashed is that figure no more than 2 billion more shares to be issued? Has UKOG having remaining authority to issue this amount of shares?
Riverfort/Global should convert over the next 15 days at an all time low. Makes you wonder how these people make money out of death spirals when they are not allowed (supposedly) to short.
Riverfort/Global seem to be behind all death spirals. Odd that. ADMINISTRATION is a month or two away.
Last post: TnucidisnI, 20 Jun 2024 22:02
The Turkish "roll of the dice" was a terribly bad gamble . Not helped by failing to do seismic first; incredible isn't it.?
UKOG can review the data all they like; won't change the financial facts of life; UKOG have not got the cash to again waste in Türkiye chasing 5th rate prospects.
UKOG's share of another Turkish drill would be circa £1.2m. UKOG can hardly keep the lights on let alone dream of another roll of the dice gamble; they are nearly out of cash.
Hopefully we will get news regarding below...
"We will continue to analyse all data and explore both the potential updip shallow Germik/Hoya accumulation and the likely more significant deeper pool objective, the most probable source of the observed shallow hydrocarbons and shot-hole oil seep"
Started: AimDogs, 20 Jun 2024 18:54
Last post: AimDogs, 20 Jun 2024 18:54
On the bell.
Last post: Bubblepoint, 20 Jun 2024 18:16
Adrian,
I really couldn't give a flyin ferk if you believe me or not, I have not worked in UK industry & NS since 1998, anyway YOUR clock is ticking lol
I'm not blaming Ocelots gang for the collapse, but as UKOG cheerleaders I will sleep better knowing they've lost everything and are sharing a cardboard box under a flyover (Or a tree at HH)
""Zero sympathy here for the ramping scumbags.....""
What rampers/derampers do is NOTHING in comparison to what this outfit has done to the SP, 99.9% diminished, along with over £100 million spondulahs to boot... Your blaming the wrong people for this travesty !!!
Zero sympathy here for the ramping scumbags......
""All I want to hear is that ocelot, insidious and the rest of the gang have lost a shed load and are now staring into oblivion.""
I don't wish that on any Pi, yes people talk with agenda's etc, AND ?? it has been like that since the conception of forums.
If you are old enough to have a trading account, and you failed to do your OWN research beyond reading these boards, then you reap what you sow, no one else to blame other than the person looking in the mirror.
If folk decide to hold it all the way into oblivion then hey !! such is life...
Started: Ilovesushi, 20 Jun 2024 17:38
Last post: Ilovesushi, 20 Jun 2024 17:38
HH Is a non commercial well and will soon be plugged and abandoned and this company will never get a placing away again. Administration beckons. It was Türkiye that was the nail in the coffin.
All they need now is for YA to put in a big sell at the end. Perfect day! Now where is moneymunch?
And now millions are traded at 0.018.
The Dear Leader has gifted his followers another chance to average down; his generosity is legendary.
52 Week Low 0.019
52 Week Low Date 20-Jun-2024
Only the spread is stopping it going into the 0.019's ATL.
52 Week Low 0.02
52 Week Low Date 20-Jun-2024
Started: NibblePibbley, 20 Jun 2024 15:10
Last post: NibblePibbley, 20 Jun 2024 15:10
1,000,000 shares for less than £200.
Who in their right mind would buy an interest in this dumpster of a company.
I'm surprised some of the institutions have not started to "bail out" and put UKOG out of its misery
Started: Ibug, 20 Jun 2024 14:36
Last post: Ibug, 20 Jun 2024 14:36
Https://x.com/UKOGlistedonAIM/status/1803751856549626297
UKOG
@UKOGlistedonAIM
HORSE HILL UPDATE: Statement following Supreme Court ruling https://tinyurl.com/43p75kyr
12:28 PM · Jun 20, 2024
·
561
Views
john cranam
@JCranam
·
1h
What's the cost to ukog from all of these court cases and will there be any compensation
Adam Simpson
@AdamSimmo73
·
51m
Run the company properly will ya 🤦🏻♂️
NEIL
@NEIL73171367
·
53m
What's to worry about UKOG ??? you spunked all of £100 million for 40-50bbl/d, you didn't bother, or knew the risk of drilling anything more on HH, meaning it is borderline at BEST !! It is a dead duck , same as everything you touch...
ANSELMO
@ANSELMO666
·
1h
Ponzi company