Member Info for andyrp

Only approximately another 400,000,000 shares required at this rate to clear the remaining £3.75 million of the loan.

Fair point - let’s see what Monday brings.

Think that tick up at close was UJO holders moving over to UKOG following the RNS they just released. Hopefully those coming over to UKOG will push the SP up some more on Monday.

gkb47 - laughing gas is nitrous oxide not helium!

It appears a bit hypocritical that you make what is a fair point then go on to ramp the other shares in what would appear to be the manner you had just chastised. Tongue in cheek or a case of “pot kettle”?

Recently I've come to realise that there are regular and unexplained drops in the SP by 2%, 4% and sometimes 6% which then recover during the day or the following day. If only I could predict them (benefit of hindsight) as it would be an easy profit each time it happened.

What this also means is PIs moving money to UKOG from those companies which are fracking, i.e. not using conventional extraction methods like UKOG does, and this should give another nice increase in the SP.

I think the current SP is being driven by PIs moving from ANGS and UJO to UKOG; a wise move I would say!

CliffEdge: whoops wrong board for that sentiment. This will come good but some rocky times may still be ahead of us. News is imminent.

CliffEdge: it will come true; it’s a matter of days / weeks now and not months / years!

Ha ha. That’s uncanny! Must make a wish now.

You’re not alone!

Leaky leaky???????

Done!

….. and currently SP is down -3.86% on the live feed.

Since we acquired a total of 86% ownership its funny how the positive news continues to flow; I do wonder when this was reported to UKOG and did SS read the report a few months ago, then quickly re-sealed the envelope and then acted blissfully unaware until he had finished acquiring more of the assets at bargain prices!

"The additional 60 ft core #4 is in response to the receipt of a revised HH-1 petrophysical interpretation from Petroscale in Houston, Texas, which indicates that the field's oil water contact ("OWC") may be significantly deeper than previously recognised. If correct, the deeper OWC would increase the field's oil in place and recoverable volumes, potentially significantly beyond those reported in the Company's July 2018 readmission document"

70% down; I feel for you. I'm in SXX and UKOG and just over 50% down in total. That doesn't include the hit I took on RMP when I got caught on a pimp and dump, the hit I took on DNL when clinical trial results were not as promising as expected or the hit I took selling out of YU too early when I got worried the FCA audit would have a negative outcome.

My biggest worry though is my wife seeing how I've turned a chunk of money in to half of what it was 12 months ago! When UKOG comes good though that will wipe out all of my other losses and I can have a smug grin on my face.

Plenty of availability at both the Grand and Ambassador hotels this week; certainly not fully booked.

Andy

Of coursed..... Despite looking at the number of shares and the loan value I still managed to miss the 0.01p price!

Why did UKOG issue new shares to the EBT? Surely the EBT could have used the £21k loan from UKOG to buy the shares on the open market? That would have been as close as we could of got to the company purchasing shares back; in fact why didn't they do that and hold the shares in treasury for future award to the Directors and employees who benefit from the SIP?

From the RNS...
"The Company was notified today by the trustees of the EBT, LGL Trustees Jersey, that they intend to subscribe for 201,000,000 new ordinary shares of 0.01p each in the Company, at par value per Ordinary Share at an aggregate cost to the Company of £20,100, such new Ordinary Shares representing 3.1% of the existing issued share capital of the Company (the "New Ordinary Shares")."