Member Info for Brocal53

We were up around 2.6%--a sea of blue buys and thne they end by dropping the price--what IS going on???

At least you have a sense of humour!! Ha Ha

Do not forget the injunction is still in force--so any hint of a sit in will bring full force of the law---I hope!!

FINAL note on consolidation---totally agree with your sentiments on this. I was in TOWER and Cabot Energy and DOR ( Northern Pet---who sold Markwells Wood as they said it was not viable Hmm may now be true) ALL consolidated and left shareholders much worse off. Having said that UKOG may in the future be in a dilemma, IF/WHEN the sp rises significantly, as we all hope it will--or whats the point--many will be taking their profits and will be out, and maybe in significant numbers--where does that leave UKOG??

An impressive list!! and one I guess- a lot of us need reminding of from time to time Thanks

Thanks--yes I knew what you meant. BTW Yes I am a LTH--not that you were insinuating otherwise. As to value of shares once DOR/SOLO and anything else is all done and dusted--who knows, by then we may have more positive news that should influence the sp--I hope so!!
As to your final para, as said many times before--a loss is only a loss if you sell at one. At present like many I guess I have a 20% PAPER loss--which can quickly be turned in to PAPER profit under the right circumstances?? It would be good to look at my Portfolio one day and see some GREEN figures!!

Thanks and good to hear from you--I see I am Brocal73?? You know my age?? Ha Ha

Some very valid points IMO, measured and well thought through with no indication of ridicule to anyone!! I agree that ANGUS seems to have a different style of management, UKOG directors would project a high degree of confidence to the market of they chose to tak up some of their options. As to those options having a higher level of sp--hmm that would be good but can you really see directors doing that?? Chin up and all that

Seadoc--Ha Ha Yes do like a whiskey or two--and point taken---may have to cut down if I return but then again if UKOG DO come good--money will not bean issue!! Cheers Hic Hic

OK Guys--point taken on number of shares in issuev MCAP--agree missed the point!!
Ninetails--Thanks for your response, I tend to agree with you on the dilution--maybe too many shares in issue--it is one hell of a lot for a small company---may well come at some stage---seen it with other companies but i have to say with companies far weaker than UKOG. Placings question is always up for debate, but I would hope that with increased production on the upcoming drills and permanent production later in the year, that income hopefully will be sufficient---and then maybe corporate investment?? many ifs and buts.
Sorry others guys if I come across as rather incompetent, but I have far better things to do with my days than pour over stats, but should have done better with MCAP issues--apologies!!

Bag o Sand---Although I may lack technical knowledge of some of you guys--I am not nieve enough to think SS has ANY control over the sp, as you rightly say -markets supply and demand govern that, but SS actions have in part determined where the sp is now--abysmal! But I have hope for the future. His actions on buying up DOR SOLO etc share of the Weald for shares and in quick succession has resulted in massive sells offs by these companies to realise badly needed cash by them. As I think you will agree the resultant dive in the sp has meant a degree of sentiment and confidence is lost?? I think the one thing you guys and I have in common is that we will stick with it as the Prospects are too good to miss?? Lets not get personal and remain civil?

Thanks to the guys who have responded
Firstly--as to MCAP--part of my point --UKOG MCAP far higher than ANGS--should the SP therefore not be higher and with the better prospects over ANGS--or have I missed the point? Discussion welcome on that.--as to operations--yes we have prospects,---surely ANGS may suffer having protestors but they have announced their rig? OK we are only JUST in to Spring but it would be good to know when rig may be due--or am I asking too much? Are you guys who are far more knowledgeable on these things than me--as pointed out---not disappointed at our SP??? We had a far better sp months years ago on far less news or prospects Finally--I have a right to dabble in shares whatever knowledge I do or do not have---one of the reasons I occasionally come on here is to have a measured discussion not to be ridiculed by know alls!!

As a long term holder, like others, I think we now need some answers. We have remained with UKOG because we hope UKOG sp will come good. We invest to try and make money--a gamble I know. We have an upcoming AGM which I will be unable to attend, but for those who do I would encourage some pointed questions, as to why we seem to be experiencing a slow down in operations, a definitive downturn in the sp which to most, is inexplicable.
UKOG has OIL FLOWING and being sent to the refinery on a daily basis, we have further permanent drills in the offing, a rig due on site--when-- we have NOT been told----, we have IOW--double at least HH we are told, we have MCAP of a little short of 70m---all this and an sp of 1.1/1.2p!!! Compare this with ANGS a far smaller company than UKOG with fewer prospects, no oil flowing and a MCAP of 25m and the sp??? 5.8p!! Now there is little wonder that the Faithful who--on a daily basis-were astounding the virtues of UKOG and are now diminishing daily--even the once staunch supporter DHC is sounding more despondent. That is not to say I propose selling--I still have faith one day we will get there, but for all of SS press statements we are not getting any corresponding share value. A reminder--the AGM is nigh-- prepare your questions carefully for those who intend to go. Good Luck ALL who remain

Why the hefty sells when we are due to spud???

nice one--adds a bit of humour to an otherwise another uneventful day. Wonder whether anyone going to AGM will have an opportunity of asking questions about the abysmal share price? Sometimes at AGMs companies have a canny way of speeding things along to avoid awkward or embarrassing questions!!

Ninetails--Today is typical of MOST days recently--SP goes UP and then down to where it started, by end of day!

Deliverance of shareholder value is something SS often mentions but as yet we are seeing little evidence of this!! LTH have been waiting now for some considerable time, having gone through many positive RNS´s on current progress and future plans has seemingly only had a negative effect on the sp--which continues to baffle??

Almost a sea of blue on trades so far---a lift in the SP?? or is that an April 1st??

When all said and done like the placing or not 3.5m is not exactly going to set the world alight with a big deal? Be interesting if we do hear what it is for??

Some good posts here---for a change. and Thank you to those responding to my posts. I cannot attand the AGM as I am in Spain for now!! I can vote on line via Interactive Investor--my broker. DHC agree 100% on your comments regarding too many shares too quickly have been sold by those acquisitions. Agree I can see SS intentions but he seems to have done so carte blanche with little regard to sentiment or shareholders. When the sp keeps going down many will lose faith and those contemplating dipping in may be put off. Corporates need to come in but not at present with the sp at such levels---too risky for them? I doubt SS will reply but I would hope that Shareholders attending the sp WILL make a big thing of the total lack of shareholder interaction by UKOG--contrary to what they try and tell us. SS needs to realse that:
1 Shareholders ARE part owners of the company
2 He needs to give some respect to us shareholders
3 He needs more people/corporates to invest to make a much bigger company or to get a farm out or buyout!!
It is all very well peeps sitting outside HH telling us how many tankers are coming out, but that wears thin after a time---we want better results--like when is the rig coming--has a contract been signed--rumours about problems there--which I hope ARE just rumours. Many of us been here a few years now and we need to begin to see some returns not a continued SP downturn!!

Why would any investor who has put his hard earned money into UKOG--see the sp--albeit briefly--hit 11p and then on ever increasingly good news about oil flows, new drills and IOW prospect then see his investment have an sp of 1.13 because of a series of buys involving shares instead of cash and then see these shares sold off wholesale--a few thousand per cent to get back to where the sp once was-why would any shareholder be anything but unhappy??.--surely an intelligent guy that you are can see even a little anger--especially when SS repeatedly says he wants to give shareholders good value??