Member Info for ART123

There is absolutely zero credibility in any case FRR is bringing against Hope (and Outrider). That is just FRR being very silly. The secured loan notes have been called in so that is the problem FRR need to address rather than filing some totally imaginary counterclaim whilst still in default.

The counterclaim and the figure involved seems to be as imaginary as FRR's flow rates and prospective assets!!!!!!!!!!!

So basically FRR have an outstanding loan/loan notes with Outrider and FRR have defaulted on the payment of interest on the loan so Outrider have called in the loan and in response FRR have started a fantasy action against Hope (and Outrider) which has no credibility at all in a sort of a tit for tat manner.

I suppose next FRR will be telling shareholders that they will remain suspended until they win the case against Hope at which time they will have all the funds they need to pay off the loan note debt and resume trading.

I've been following this share for years and have held at various times but despite reading all the RNS's I still haven't managed to work out what the case was with Hope and what is going on.

I'm not a holder here as I'm far too careful with my money but can someone please explain exactly what the Hope business in the Cayman's was all about as despite following this I've no idea what the case was about. Cheers.

The only news needed here is that the management have finally started the roll out in the UK to the planned 6000 restaurants.

There may/may not be news about the future of the Asian side of the business but there is not going to be any huge value there.

I wouldn't want or expect any other news to be quite honest as there is endless potential in just expanding the business model they already have. That is certainly what the market is looking for.

1.49p to buy in the meantime.

$200 million had been spent on these prospects and they were offered for $49M - what an opportunity missed.

I think that for a company like 88E who are so single-handedly committed to Alaska to let the chance of acquiring Great Bears Alaskan acreage slip by is very reckless. Instead these acres have been bought by Pantheon

I see that someone even deleted my post from yesterday that pointed out that my earlier post was deleted. Desperate times.

I see that Great Bear who have on paper much more advanced prospects in Alaska than 88E have had to firesell their assets to Pantheon for a snip of their real value. I hope 88E don't end up going the same way in a year or two. Very risky with all their expensive to maintain acres and nothing to show for them.

Yeah, beep, and I'm behind the other trade today. Last time this hit 1.50p/1.60p I tried to talk the SP back up with lots of positive posts and then I ended up paying 2.17p for a top up. Now I've got wise to the futility of fighting the drop and I've shut up and have got my top up at 1.575p instead.

The only news I want to hear from Big Dish management is that they have started signing up the planned 6000 restaurants in 2019. And I don't think that is an unreachable target either - in fact it seems rather modest. 500 new outlets a month will hit that target in 1 year. I certainly do not want to hear they have adjusted that target lower as that would be very stupid. Not only is it reachable but as far as the UK goes that figure could increase by quite a few multiples if the company get a move on.

jsmith23 - I see from looking back through the posts that you have been here since early August and would have paid much more than the current shareprice. We're all in the same boat really. It's annoying and I feel could have been avoided if the management had speeded things up but that's how it is. I keep topping up but every time I do the shareprice falls further and I fear it will continue to do so until we have an update and even then it will need to be positive and outline the plan to expand in the UK as quickly as possible. As more restaurants start to sign up the shareprice should start to increase.

Table Pouncer seated 127,000 diners in Bournemouth last year and there are on average about 50 restaurants live on the site in the town every day. I did read somewhere that they had signed up more restaurants than this in Bournemouth so there may be a difference in the figures between total sign ups and live offers so signing up 6000 restaurants may not necessarily lead to there being 6000 restaurants live on the website/app every day but even so the potential is still quite staggering and as this starts to take off around the country and the number of outlets increases many of the restaurants who sign up but don't overly bother to put up some discounts will start to take note. The figures will speak for themselves. It's just numbers. 50 live outlets = 127,000 diners: 6000 live outlets = 15,000,000 diners.

But then the figures don't mean anything until they get started on signing them to the website/app.

ATB

Just bought in here today having missed the previous rise. This seems to have bottomed at 2p and should start to move up towards the deadline at the end of January.

I see that P2248 also has a farm out in progress. From the last RNS: "In respect of P2248, the Company is currently in advanced negotiations with its preferred bidder, on a non-exclusive basis. The licence extension allows the Company the opportunity to complete a transaction which could lead to the drilling of one or more wells on the licence."

It's just a lot a talk from DW. Just a lot of hot air. If anyone was interested in farming in to 88E's acreage a deal would have been announced by now. He's just stringing the LTH's along and they're happy to drool over every word he releases in the usual manner - but then they are probably so adrift here and under water that they have no other option.

I'm expecting the Winx-1 drill to save this company as they are a long way from getting and partners for their own acreage.

It's worse than that - unfortunately no-one has got any chimneys any more!!!!!!!!!!

Winx has nothing to do with the farm out but it's the only thing holding the shareprice at it's current level and without this forthcoming drill the shareprice here would already be 0.60p and probable heading for a return to 0.30p. Holders here want to be very thankful that 88E got themselves a FARM IN and forget about the non-existent FARM OUT.

"Consequently, the Company is now targeting close of a deal in 1Q 2019" - that will probably become "the Company is targeting close of a deal in 2019" in 3 months time..........................

And the 1p placing shareprice isn't necessarily going to be a support for the SP. I remember when they were drilling Icewine#1 and the placing before the drill was then was at 0.60p but the shareprice fell to as low as 0.30p before the drill results were announced.

Very poor effort all round by DW and the management - just as well someone else has offered to bail them out with a participating interest in acreage that already has discovered oil. Winx-1 is the only thing going on here.

"...........whilst also remaining within the logistical schedule required for the drilling of multiple wells in the 2020 operating season."

And this isn't a "deadline" either so the good news for DW is that he can safely miss this "deadline too". Maybe drilling in 2021 then - unless 88E manage to pay for at least the first conventional drill on their acrewage themselves which is not an impossible prospect if the Winx-1 drill hits oil.

AJMO

Nothing awesome about this RNS at all.

Basically DW has failed to meet his deadline and clutching at straws has announced that someone has suggested extending the deadline for another 3 months and he has rushed to comply. If anyone had been dying to farm in to these acres the deal would have been done. Seen this far too many times before. No deal so far is probably no deal later and 88E will probably have to fund the first well themselves which won't however be too much of a problem if the Winx-1 drill hits oil first and a placing can be done at a much higher SP.

ALL JUST MY OPINION.

Not awesome - more tiresome.

Plenty of upside here if this hits oil. As usual I will not be holding any shares during the drilling.

I've answered that myself now. It turns out it was $1.1M - so US$'s not pounds and that is the gross figure so UKOG will get 46% of that sum - which is actually more like £390K.