Member Info for burningspear

How low do they want for mates' rates? FFS!

Poised for a major bounce.......

Brocal, I am waiting to average down too. As Lynn says £1m a month!

Well said Brocal!
Sentiment plays a big part in valuation. And we are completely forgetting about the knowledge gained. That in itself must be worth a lot.

Lyn, Are we bringing in "a million a month"? I hadn't realised it was that much! Shows how undervalued we truly are!

That's around 18000 barrels a month! Have they put out an RNS for that? I had seen the one with the numbers of litres to date upt to November but did not realise they were pumping out so much a month. I may have to dig around for more cash to average down.

Thanks for the heads up. Just shows how shareholders can help each other by sharing research.

100 billion barrels at the current POO is a big value. And they have already extracted hundreds of litres of that which are being sold on daily. The coffers are building up nicely for covering their costs and ongoing funding need for new wells.

The shorters are trying to scare true honest investors but they will not succeed.

crstal, I think you are a shorter. See that.

"on 11 December 2018 it signed a term sheet (the "Term Sheet") with a New York, U.S.A.-based fund seeking to secure a loan of up to $60,000,000 (the "Transaction"). The Term Sheet is not a commitment letter, nor a commitment to providing financing to the Company."

Categorical proof that the term sheet has been signed. They would not sign such a sheet in a willy-nilly way but with seriousness.

"The Term Sheet is not a commitment letter, nor a commitment to providing financing to the Company." - is simply standard boiler plate legalese to possibly throw off the shorters - or even to trap them?

Canny old Zaza. I would not put it past him!

I see the following sequence of events: sign a major nomad, reveal bidding war and draw down on the loan - boom and bonfire of the shorts! Bring it on.

Could there be a bidding war amongst the supermajors here? Is Zaza conducting talks behind the scenes to shaft the shorters? 50p and they can have mine. Still cheap as chips.

I am sure we would all dig in deep if Zaza needed it, after all we have helped out before and we would do it again. And again. And again. And again. Anything to stuff the shorters. Victory will be ours whatever the shorters post on here. Or affidavits. Or emails. Or court decisions. We can simply appeal.

So all to play for!

Could you be one KS?
I am so jumbled!

1) Zaza - top bloke. Straight as the day is long
2) Cairn gone - best thing to have happened
3)Funding - lined up and waiting
4) Majors - circling
5)Listing - nomads lining up to support a great company
6) Hope - out of the door
7) Shareholders - loyal bunch who will dig in deep to realise Zaza's dream

Shorters can mull on that!

Zaza has burnt the shorters. Canny play, They have fallen into his trap.

I'm buying more when relisted as it will be a once in a lifetime opportunity.

GLA holders.

Helpful?

Given up his campaign?

I have had 19 holidays so far this year - courtesy of my investment in UKOG.

that are doing this. There's billions of barrels of oil and they want their grubby little mits on a resource of national importance. The government should intervene. Daylight robbery and a total disregard for honest investors. I hope they are happy at ruining so many people's Christmas.

In your considered opinion what do you think will happen to the SP here?
Specifically, do you think it is a buying opportunity or a buying opportunity? And based on that should people be buying?

TIA

not your clients then I presume UnHelpful?

Helpful, you are a funny little man. Good on you!

bro- excellent observation. Most LTH will be underwater and therefore "investors" with enforced patience.
GLA.

Are any of the issues "problematical"?
I am presuming these issues are just dandy and great. Am I right? And the end of a bell is just spiffingly great?

Can you seriously see no problems at all with this company - specifically its BOD?

Seriously?