Member Info for andyrp

Every time it gets within touching distance of 270 it retraces slightly; it should break through today though.

You can clearly see the resistance in today's chart! Like you say get through that and away we go.

If you don’t understand the RNS or the nominal share value to which the £300k refers I honestly can’t help you. Look at UKOG history; do you seriously think they would pass a resolution to only allow £300k to be raised per annum?

£300k at the nominal share price of 0.01p; that's only 3,000,000,000 shares so about 30%dilution from here.

SS has been rather conservative with the truth, slipping in the issues with HH2z in the middle the recent RNS was very telling of the integrity with which he operates. UKOG must have known about the issues for some time but failed to notify the market of what is undeniably price sensitive information. That was a turning point for me and I moved from being optimistic, and admittedly emotionally attached, to feeling cheated and lied to. Furthermore SS stating that raising equity via placings was still the best approach is forewarning of further dilution to come; at these historic lows the number of shares will be in the billions for any fund raise.

I love how new investors come in full of the ignorance, naivety and vigour of youth! Attracted by the low price but not understanding that UKOG can go even lower than a snakes belly and what noise to snakes make - SS!!!!

The spread is usually too wide to make day trading anything but a very high risk!

After 3 years of watching the value of my investment fall by 80% and a small opportunity the other week to reduce that to 70% I’ve decided enough is enough. I really hoped UKOG would be further forward than they are now but I’m struggling to see, other than dilution, how UKOG is going to fund its future endeavours.

I’ve taken a big loss here but I can’t tell you the relief I felt when I confirmed the sale of my shares!

I’ll keep a watching eye here and if things change I’ll buy back in but for now my money might do better elsewhere. (Admittedly I previously said it wasn’t worth selling but I’ll use what is left to try and make up some losses with some other more active shares).

GLA.

2 weeks ago I decided to invest in UJO when my target entry point was achieved; SP at the time was 0.19 and I was rather optimistically hoping for a 0.17 entry point. I was genuinely afraid of missing out but at the same time didn't want to rush as I've been stung too many times but sadly for me the share price then increased not insignificantly over the following days and I sat "kicking myself" as all of my other investments fell and net imapct was over 30% reduction in value / missed opportunity.

I'm now keeping a closer eye on this and once this profit taking is finished I'll be invetsing in UJO and moving money from another UK oil / gas company that has failed me dismally! At least UJO has omehting to look forward to!

Found this and posting in case it is of interest to anybody:

https://www.whatdotheyknow.com/request/road_safety_audit_re_b2130_at_lo#incoming-1598341

Be careful what you wish for - just look at what happened after Chris Fraser bought £10,000 of Sirius Minerals (SXX) shares!

The WSCC councillors seemed to be much more competent and professional when compared to SCC; it was like the application was being reviewed on merit by business minded people rather than a group of pensioners seeking to secure their next election.

A few of the supporting comments are from anti-oil, anti-fracking & XR protestors as well.

Whilst I am negative about this share and SS performance and integrity I am confident the planning decision will be overturned without an appeal. The councillors who voted against it did so not because the application wasn’t robust but so they could stand proud amongst their electorate.

Buyer1981 - give me £10,000 and in 6 months I’ll give you £5,000 back. Invest £10,000 in UKOG and in six months you might have £2,000 left at best. I’ll save you £3,000.

Avoid this share at all costs!

I notice a lot of new names appearing here all full of confidence this is a good investment; trust me, you are sadly mistaken and after over 2 years being invested and still holding some shares (not worth selling now they are down 80%) I am experienced enough to make that statement.

I've seen all the common comments about this is the bottom, strong fundamentals and debt free but trust me they do not outweigh the manner in which this company rinses "mug PIs". I was naive when I first invested, more so when I stuck with it through endless dilution and the CLN so know through bitter experience that this is a one way street to relieving you of your money. I too believed the rhetoric about the fundamentals and huge potential but if that is the case why have the other companies been keen to exit the Weald?

Of course with the negativity of this post I have no doubt that people might think I'm a troll, a deramper etc etc but truth be told I don't care and just want to avoid anybody else losing money on this share; just look back at some of my recent posts and you will see I have been positive about UKOG but sadly no more.

The planning decision was unfortunate and that will get overturned but withholding the HH2z flow rates and water build up was bordering on criminal by SS and to hide it in the middle of the interim results RNS was inexcusable.

Don't get rinsed like many others have!

100% agree with that. He’s screwed now because the dilution at this level will be huge even though he tries to play it down in the RNS.

Doubled my holding the other week when SP was 0.2080, sold that now for a small profit but nowhere enough to make up for the losses on the shares I bought over 2 years ago. Overall very very down on this share.

I felt sorry for UKOG / SS yesterday with the planning outcome but that has not lasted long now that it is clear that he withheld the price sensitive news about HH2z.

I’ll keep the rest of my holding, I have nothing much to lose on it, but it is now abundantly clear that SS has no integrity and his failure to release the HH2z news is bordering on criminal.

Of course they’ll be plenty of new mug PIs (I understand the term only too well now) who will see this as a great opportunity; they are the “repeat” phase of the “rinse and repeat” of mug PI money that this company will repeat time after time until it is illiquid.

In reality even if the planning news yesterday was favourable the SP would have crashed on the HH2z news so
the planning decision is largely irrelevant now. I’m not even sure it’s worth complaining to SCC about the way the meeting was conducted; if anything staying silent and not showing support for an investigation / appeal is the only way, other than selling my remaining shares, that I can feel like I am showing some discontent with UKOG (posting as well of course).

GLA!

Not one of the councillors against the application were smart enough or sharp enough to react that quickly. Everything they voiced was prepared and rehearsed. No way they could see new information and build an argument based on it that quickly. They were all, with one exception, hugely incompetent.

I missed the bit about the wife being consulted but it should be reported to SCC as a breach of process.