George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The first 35% of oil production revenue belongs directly to Ukog. The other 65% to HHDL of which Ukog benefits from 77.9% ownership.
" The Licensees are HHDL (65% interest) and UKOG (137/246) Ltd (35% interest)."
CynderLad, is this the ShanJo post you referred to at 14.21
ShanJo 11 Sep 2020 23:58
"I have met many a hard man years ago. Hated them but pretended to be their friend. Had to. BMD would be one of those Bullies.. real scary .my mate John O Callahan would have pasted BMD. Broke his Jaw. While talking nice to him lol.
Foth."
But will it stop the UJO share price collapse as it has already fallen about 50% in the last few weeks and still with 4,000,000,000+ (yes that is 4 Billion+) shares still to be dumped.
How low could the UJO share price fall to before any of that news materialises and will it just be sold into to dispose of that massive number of shares. Will consolidation (100 to 1 perhaps) be on the cards very soon. We all know that unforeseen circumstances and unexpected events, beyond the control of BoDs, can often spoil even the best intentions of O&G company plans.
ShanJo, if you still need a good laugh as you claimed in your 10.55 post, try looking at UJO where a mad ramper has been described by fellow UJO shareholders as a “Muppet on Steroids” and the share price has already fallen below the placing price with still about 4,000,000,000 placing shares to be dumped, and a likelihood of consolidation (100 to 1 perhaps) as there are now about 20,000,000,000 shares (yes that is 20 Billion confetti) in issue, almost twice the number of Ukog shares.
Panicking Penguins now admits to Nutech report that there are 124 billion + barrels OIP in the Weald.
Most who read this board would never have thought that a positive about Ukog or oil in the Weald would ever eminate from the self proclaimed expert of all things negative.
Penguins, See you are panicking again after positive "facts" from real experts in the oil industry have been stated. You can not avoid the real truth that the Nutech report stated 124 billion+ barrels of OIP in the Weald. 24billion+ more that SS stated.
Also 11 billion+ OIP within the HH licence area.