Member Info for Bridgedogg1

Occurs to me that you could buy 10% of the company for £200k and then get appointed to the board for a £200k annual salary

Exactly my point Jiddy, £12m wiped off the value of the company for a £2-£3m cash raise after we've had a cash raise to cover contingencies on the drill? I'm not a happy shareholder. Maybe this will see us through farm down negotiations for 2021 drilling, I hope so in any case.

Glad its come back up slightly, seems to be holding. Is this the low or will the large end of day sell push it lower??? I'm holding but not adding any more (took some this morning), I feel an update is coming either tomorrow or Friday, and the drill, the most important in the company's history, will come good.

The problem with cash raising is that it gives an indication of what the market will pay for shares. If they give a low ball offer and the BOD accept it doesn't inspire confidence. This has us pegged at 1.2p so that's where its trading.

So UJO shareholders got the huge ground breaking RNS they've all been waiting for and the share price is at close to a 6 month low. At least if i get my dream RNS here i will make some serious money

“The incident had no effect upon the safety of the HH-2z well or test production from HH-1."

Glad I had my Lekoil profits floating around to double my holding here this morning. On the other hand UKOG...

I think we could have gotten a better price considering the nature of the cash raise. 20% discount to current price, would have told em to f-off

Dont forget we are left holding the can if the drill comes in over budget. We had already raised a contingency, this must be the contingency contingency

Updates: 27 Nov / 23 Dec / ???

Good chance of an update before end of the week IMO

MMs moving down for a quick bag? :)

This was a bit of a shocker. I guess someone wanted in for a good few million and went straight to the man for a discount rather than pay a premium on the market.

A £400 buy took this up 10% then a £900 took it up another 5%. Be careful, expect it will drop before close again

Worth remembering that the well was declared commercial on a 70ft vertical well. We now have a 5,000ft horizontal well. Its not going to be as straight forward as the vertical but the rewards are much higher. I'm very happy to give them time to engineer the best outcome but there should be much more frequent updates.

Let’s hope we get an update soon. Good luck holders

I brought in LEK following the recent drop and held through the uncertainty to today's update (Still hold some). Intend to do the same here. A solid update with a straight forward plan to maximise production and all should be good for holders.

Surprised it hadn’t gapped to 5p. Expect much larger buys as the news is absorbed by the market

Hammering at 4p

Large investors and other institutional will be happy with that

The current share price is due to lack of new combined with the funding agreement that is drip feeding sells into the market on a daily basis. Would have been good to get some institutional investors on board at maybe more of a discount but who were obliged to hold there shares for over 12 months. But hey at least we got the funding we needed, now we need the news we've all been waiting for. GLA

You've mentioned a 'forced sale' then just said that LEK would 'lose; the asset. What do you think the sale price will be? And what do you value the other assets at?