Member Info for CaptainSwag

New Dawn - Your first post said you had been involved with DOR for a long time. Would I be right in assuming you are holding at a loss? The interesting thing with this share is that nobody knows where it is going to go....we are all just speculating and expressing our opinion We have the possibility of zero (Duster etc) or the moon ( billions of oil in the weald ) and everything in between. I think it is around 60p for me to break even. I took a gamble on the weald which I was happy to to - i didn't expect to be taking a gamble on DOR- but that is what it turned out to be. Strangely enough it has helped me a learn a lot - made a me a better investor - i have just made £5k in two weeks on trades with what I consider to be minimal risk. so I think in time I will look back fondly on this share one way or another. I certainly will remember it along with making £40k on paper in a day with REM and stupidly not cashing out! since i kinda wrote this money off so actually am presently quite relaxed just waiting and seeing what will happen.

Surely this is the best time for another company to acquire cairn then? - when the price is depressed? once the price of oil gets stronger , the indian government pays up etc - the price of the company will rise? next 3 months willl be interesting

M&A rumour

on the application form it states Offer closes at 5.00pm (AEST) on 21 September 2017 The prospectus has a 13 month window on it. They can extend the offer up to 4 months to get the minimum or the offer will close.

midus - no I think UKOG shares are currently massively overvalued. How can a company with no income be valued at £300 million? we have our percentages and if oil comes out commercially the SP will look after itself. just need to sit tight and wait it out

i suspect this is because the offer needs the minimum subscription achieved before that can happen.

yes it is the opening date of the offer - so they can apply. expected date on ASX is 3rd october

wolf - I think the interesting week will be 3rd october This is the planned date for launch on ASX. lidsey production expected to occur by the end of september so if we got an update on production to coincide- could be interesting

I suggest anyone looking at this company read the ASX prospectus. It outlines the position fully. you can then do reward v risk. I will say that if anyone were to think about investing in the weald - that currently I think that out of all the players this is the most realistic priced. I wouldn't touch ukog with a barge pole at current valuations.

doose - is that for me? if so you need to re -read my last paragraph ..I talk about lenis history with DOR not the old bod.. history of the bod is important - it is the equivalent of a CV. And since we dont know the future it gives us an something to form an opinion on whether we want to trust them with our hard earned cash. I will give you an example.I am recently heavily invested in CERP - previously the disaster that was LGO. Why? because of the man in charge leo koot. he is a quality act. on taking over he said no placements - make the company generate cash from production first then acquire. he got rid of the expensive offices as used by leni to cut admin costs.

wolf - to me everything will depend on production. originally my reference point was july. there has been delays - stuff that is not in DOR hands and these things happen. I am willing to wait longer . i see 3 possible results : great production , duster or mediocre production. great production and eventually the SP will reflect. anything else and ...well....dont need to say anything I do think that it is a pity that leni didnt just sit on his hands and wait. Surely it would have been better to get news on production and a (hopefully) a raise in SP. i dont want ANY dilution but if it has to be done then at least you are getting more bang from your buck. in other words more cash for less dilution. its ok when the bod can issue options so their stake can be maintained but the rest of us our getting further away from break even. it would have been nice to be on the way to being cash rich as is always stated on here and then using this cash for acquiring. we have had a helluva lot of dilution - i guess the consolidation hides really how much I just hope that potential new investors dont get put off by the dilution king's reputation and look back on the history here since he took over

wolf - to me everything will depend on production. originally my reference point was july. there has been delays - stuff that is not in DOR hands and these things happen. I am willing to wait. i see 3 possible results : great production , duster or mediocre production. great production and eventually the SP will reflect. anything else and ...well....dont need to say anything I do think that it is a pity that leni didnt just sit on his hands and wait. Surely it would have been better to get news on production and a raise in SP. i dont want ANY dilution but if it has to be done then at least you are getting more bang from your buck. in other words more cash for less dilution. its ok when the bod can issue options so their stake can be maintained but the rest of us our getting further away from break even. we have had a helluva lot of dilution - i guess the consolidation hides how much

wolf - i haven't agreed for you to have the last word!

sorry doose one last post - but hey you like looking on the positive- so you get another chance of the last word!! lol thank you for the apology. however look at how our conversations spiralled afterwards because of it and me being fed up with your constant attacks every time i post. you started then others jumped on the negative bandwagon as usual . for what reason? me stating the truth? was i being negative? was it fair? i admitted my ignorance on CD...did a bit of research as soon as i read the term in the prospectus quote CREST issues CDIs for each share of an eligible foreign stock - one CDI is the equivalent of one share of the underlying foreign stock. As a result, CDIs are an English law instrument which mean that trades in them can be settled through CREST like a regular share. However, it is worth noting that a CDI is traditionally not listed on the London Stock Exchange and are usually traded off-exchange. The tax treatment of CDIs is the same as applies to the underlying shares and Dividends on CDIs will be subject to the same withholding taxes and Tax reporting requirements of the Foreign Country. As a result, Barclays Stockbrokers only offer the ability to hold or trade a limited number of CDIs for retail clients - the proposed Verizon CDIs, resulting from the Vodafone Corporate Action, will not be made available to hold. reading this earlier today made me question how cdi will go on ASX. when everybody was saying how there was no problem. is that unreasonable? really? it at least gives a topic for discussion. certainly not a reason to get rude. however then i get told how inexperienced an investor i am etc. i dont call anyone names ...and very rarely am rude. anyway i will try to sit on my fingers and let you really have the last word!

doose -so no apology for jumping on my first post today? there were 4/5 posts that i made questioning if buying CDI might put people off in response to others saying it will make things more liquid.- this was in response to others posting. but i guess it sounds more negative if you say 10 and constantly!!!.! the jury is out on whether there will be issues with CDI...we don't know how many brokers down under will deal with them etc time will tell. nobody knows... quite frankly if the SP doesn't rise i think it could possibly all fall flat and not happen at all ..i would certainly be celebrating that - just wait for the happy posts!!lol.... it is a discussion board - or do you only want views that echo your own? anyway . you seem to enjoy constant confrontations on these boards with various posters. i understand you think you are protecting your investments under the illusion that any posts on here make any difference. i don't . personally i preferred it when you said you had blocked me. pity you didn't stick to your word. i am really busy and dont have any interest in engaging with you. have a good evening and enjoy the last word.

doose - i agree with you that cdi isnt the issue. the conversation just went that way because people said ASX would increase liquidity etc. personally i have no interest in what the aussies deal in. i just don't think it is necessarily a foregone conclusion that there will be a roaring trade down under for a number of reasons. as i stated in my first post of the day - we have been diluted. it is unfortunate that rather than read the prospectus and discuss - some posters just shouted negative and that i was being a troublemaker with an agenda etc etc. but i guess that is the way society works these days. shout labels rather than listen, disagree and discuss. as i said i doubt i will get an apology. even though i was right. my postings reflect how i feel about the SP. that is all i am interested in. so we have had a massive dilution that hasn't really been too transparent in my opinion - even though it can be argued that it is out there in the public domain. if you look back on my first postings on ASX - my argument against was always that we would get more dilution. it is what leni does. how many times does it have to happen and how much battering does the SP have to take before some people say enough jam tomorrow and lets get the SP up so that we can recoup our losses. if people want to put a positive spin on today that is fine. but the reality is the SP is down.

ok cdi here is CHESS Depositary Interest - i am not sure it is still to do with crest on ASX? you probably know more than me on that one issue is that as you know is that not all brokers have a great selection of cdi that they offer....i don't know anything about asx...will dor cdi be widely available? again you probably know more than me to be honest i am more worried about the dilution that directly affects me than whether the aussies hold cdi or shares, also people are presumably told

i have never claimed to be knowledgable on shares. if i was i- am sure i wouldn't still be in DOR!..lol. but i am trying to learn which is why i try to analyse and read between the lines of the official RNS etc. yes i understand CDI are traded like shares...however people will be have to be willing to use the cdi mechanism. i think this may not be as easy as you think it is - because ignorant people like me won't know enough about them and may be put off.

wolf - if you read the prospectus...it says ASX will trade CDI if anyone wants to buy shares they have to go through nex...sorry i sometimes refer to nex as isdx..- i suggest you read the prospectus - it also gives a good breakdown of the risk as well as potential. i like to look at both sides .

wolf - if somebody told me that i was buying cdi instead of shares in a company - i would want to do a lot of research to see what i was buying into. i still dont know very much about it. dont you think this could put people off? the idea is to get people to invest easily - difficult exchanges and cdi is in my opinion not straight forward and why the SP is where it is. good production will lift SP - i would rather have avoided dilution and sat it out. i have said this all along. if we do have world class assets - why not just wait until we do indeed become cash rich? surely DOR has been battered and diluted enough?