Member Info for 111baker

David Lenigas is consultant to UKOG, exchanging DOR holding for 130m shares at this low price helps both coys.

Total will have to make an offer in the pounds range to tempt Stephen Sanderson to even consider selling

Hot Copper is an Aussi BB, there all the arguments pro and anti are aired, but there is no lending of shares, so no ramp/dumping of shares which is destroying AIM as a cradle of new companies.

It should be a straightforward matter to ban lending stocks, but it is profitable to the participants-but ordinary punters buy on a rising SP leading to the spikes [and forced losses] that has soured so many investors.

The solution, restrict holding to a few thousand, or hold underwater shares muttering at the posters with several thousand post history, WOW!----booooom train departing----or dilution coming, poor management etc.

Credible alternative to creating a world class company, logically explained.

David Lenigas is consultant to UKOG and his investments suggest a link up of Angus, Europa[Holmwood] which with Horse hill will form a massive site in the sweet spot of the Kimmeridge.

DL was behind the unseating of Vonk-why is yet to be explained.

Agree wholeheartedly that keeping the SCC on side is key --some of the £1.75m already gathered will hopefully publicly be shown to aid this cash strapped council, who have recently announced cutbacks.

Whatever path is taken the virgin Kimmeridge has millions of barrells to extract.

Egg on the faces of the 30-40 years exploration by many coys in the Weald.

I am basking in the first DL share in profit!!!

David is consultant to UKOG and I have seen SS and DL together conferring like friendly associates. only sorry my daughter did not take up Stephen`s offer of a date.

Cash in the kitty is the key---with EWT`s stretching now for years with multiple wells, who needs production licenses?
This is why I bought in at 1.22 pennies.

Council voters will get their 6% levy which will ameliorate the cut backs the council have recently announced, and if there is no nuisance, what is the beef!

I am posting on Hot Copper in Australia to see if I can tempt them into buying Doriemus on ASX, they get 6.4% of UKOG, and circa 15% of Angus when Tidswell sorts out the water problem [give him a chance].

£240k on the balance sheet, £38k directors emoluments, the £1.75m in the kitty so far with vastly more to come should transform this share.

EV`s will become mainstream and David will be re-instated as a master planner.

The first swallow of DL`s spring [yes it is only one.....]

No it was a blip--back to zero

Stap my vitals---up 5.26% in the last seconds

Cant wait till opening on Monday.

This is all very well but has the sp moved?

So many strands connect to the Weald.

Will I buy more?

NAHHHHH
enough is as good as a feast, thank you very much.

A sea of red in the last few minutes
traders who bought at 1.22 cashing in
mustn't be too greedy
profit is a profit

LEECHES

ifonly1
Posts: 5,330

How many thousands did you ` borrow`?

bought at 1.22 tidy profit banked.

certainly 50% sells right now so you are correct.

BUT the crane is up, news of the next well[s] will drive up the sp, because test production will enter the 16 tankers a day level----,6% will flow into the councils depleted coffers, and production licenses will appear

Take care and always keep some shares if you are buying on margin

6.4% of UKOG 10% of Brockham, 20% Lidsey.

overall 16% -quite a chunk of a large pie!

London74
So you are Australian- an eyeopener to discover that the same opinions, good and dismal, apply down under.

It is not lack of information that holds the sp at a few measly cents, but a solemn resolve not to invest more until cash is shown in the balance sheet.
Dor has circa 16% of the angus and UKOG profits, which will be a hefty sum when all the water problems are resolved, and all the extra wells are drilled.

At least down under you are free of the ramp/dump pattern that builds false hopes.

Surely you can buy at reasonable rates, or is the spread huge?

Come on lads, concentrate on what matters, and this is that news finally has hit the mainstream with Sanderson`s declaration on BBC forecasting twenty years extraction from Horse Hill, with fat profits from this onshore site-- DOR has 6.4% of this, which with multiple wells planned will be a tidy sum each year,

With Angus just needing remedial work to add to the coffers, surely the 50% operating partnership with Rey on the Aussi gas field drill can financed by bank loans rather than dilution

DL has his flagship company , surely it will be onward and upward from this date forward..

Wow Jimminy Cricket, Yowser and other exclamations of unbridled joy,

The Arreton Isle of Wight site was visited by SS today, DOR is the partner in this 2020 drill.

The Australian gas venture is enormous.

Ukog-HHDL planned test production stretching for years.

Angus-new management gaining acceptance

Doriemus on ASX cheap to sell [just low price], expensive to buy.

Make your choice,

I cannot resist adding this post from
fella today----

According to the Australian Petroleum Statistics issued by the Department of the Environment and Energy, there were 98MMbbl of crude oil and condensate produced in 2017-2018. The figure is made up of 8,145ML of Crude Oil and 7,512ML of Condensate. In comparison, Doreimus is claiming
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at P50 that there will be 707MMbbl of condensate from EP487. If that were to be true, I would say we are dealing with something worth taking some notice. Even if they were 10% correct, that would be 70 MMbbl which is almost equivalent to the total crude oil and condensate produced in 2017-2018 from Australia.

And .......

What is a bit on the unbelievable thought is the size of this field? The size of what Doriemus is talking about is BIG. I have worked in the mineral resource sector since 1992 and have never worked a day in the oil and gas industry. Taking that into consideration, I am just a bit perplexed with the numbers. Let’s take the scenario that those figures were correct and Doriemus and Rey Resources are happily producing those numbers, what kind of money are we talking about? What would their share prices be? Imagine if that just came from the Butler prospect and the Basin Centres Gas System within EP487.

707 MMbbl of condensate
28 TCF of recoverable gas.
Whatever the final figure is, what I can say is that the shareholders of all companies involved will be happy.

Good find dsfat

Life in the old dog yet ? end post.

David Lenigas will deliver the goods-patience for a few more months.

UKOG (according to Bloomberg, Lenigas is Consultant)

Doriemus DL chairman- operating stakes in Angus Energy and Ukog Isle of wight '

Cadence DL set this up.

I know the wait has soured some who have had to take a loss, but it remains a fact that this man has the chops to form an entity that matches the BP`s of this world.

It is a conjecture that fits the man --and the opportunity that Lithium and Weald Oil presents.

My take is this:
DL and SS are mates, they plan to meld Angus Energy, Europa and UKOG into one huge site in the sweet spot of the Kimmeridge.

Europa[Holmwood] partners--

Europa interest 20% (operator)
Partners
UKOG 40%, Egdon 18.4%, Union Jack 7.5%, Angus 12.5%, Altwood 1.6%

Vonk rebelled and wanted to go alone, but he was deposed, but not punished, retaining his shares.

DOR is placed out of the way on ASX and may, repeat may come back as a footsie coy as the flagship encompassing many Weald companies.

In this way a major outfit is formed, ready for the needs of the 21st century, with Electric vehicles and mass storage part of the mix [Cadence]

Others have spotted the opportunities;
2nd feb posted
rocky67--is
Heavily invested in Angus not sold a bean have added.
Also in UJO 10 bagger opportunity chris oil bought £750k worth 7 % of company.
Drilling 2 different sites at mo haves look .Union Jack Oil.
Hope receive good news Angus this week

Apex will add solidity to the new outfit and help implement fully the seismic imaging and Fishbone drilling that has unlocked the Kimmeridge levels.

Will I invest in other Weald coys? As they say in all gambling ads, When the fun stops-STOP.

Fully invested, now just the wait, and wait and wait.

GeoDave
Posts: 112

Excellent post, it may be not totally accurate, we are all second guessing, but what a relief after the ramp/dump troll infections.

Because DL is cleverly positioned in Weald oil, I think he is somewhere in the mix.

I am a LTH and Balcombe has flowed, ok the water percentage is unclear, but 3000bod is substantial. Making Balcombe the primary focus makes sense, but cleaning up Brockham could be done at the same time, they are well funded and have a large tax credit, and with a mere 5,500,000 shares in issue.this only needs an acceptance of the new board.to reflect the true worth of this share,

Good job GD, and thank you.

Massively oversold,

Is DL involved in the Angus shake-up?

Answers on a postcard C/O the House of Lords.

jim 10

The mystery of why DL shares are underperforming deserves closer reasoning-- in 2018 this happened:

DORiemus (according to Bloomberg, Lenigas is Chairman). Their sp on ASX has fallen 68% in the last year.
AFRIag (according to Bloomberg, Lenigas is Chairman). Their sp on NEX has fallen 60% in the last year.
UKOG (according to Bloomberg, Lenigas is Consultant). Their sp on AIM has fallen 56% in the last year.
Clancy (according to Bloomberg, Lenigas is Chairman). Their sp on ASX has fallen 50% in the last year.
Artemis (according to Bloomberg, Lenigas is Chairman). Their sp on ASX has fallen 56% in the last year.

It my opinion that time will vindicate his decisionsand repair his reputation, but it does seem bleak as of now

AN RNS from a leading Weald coy UKOG at 1100 am today has transformed the prospects of this find,

DOR has 5% in Arreton on the Isle Of Wight, UKOG 95%.
Massive oil in place-due to be drilled 2020.

Plus Operating stakes in Angus Energy. DL has planned to be significant in this onshore field

I should also add that DOR has 10% in HHDL- the Gatwick gusher, where UKOG has 46.735% interest, which means that allowing HHDL has 65% of the site, if DOR sold it`s share to UKOG it would give them a majority holding.

Yes it is stagnant --yes it is not being trumpeted by a figure who normally is not shy about spreading good news.

Why is part of the frustrating mystery surrounding his shares, this is why I hope common sense prevails and true value comes through.

I should also add that DOR has 10% in HHDL- the Gatwick gusher, where UKOG has 46.735% interest, which means that allowing HHDL has 65% of the site, if DOR sold to UKOG it would give them a majority holding.

My head hurts, mainly because this is a Cadence BB, but Mr David Lenigas is the subject under review, saint or sinner?

Did he fall out with Musk and scupper the Tesla deal?

My money is on the table--and the ball is still in motion around the wheel.......