Member Info for Crocqman

Although nothing concrete re: use of funds raised, I would be surprised if there was not any imminent news on what the funds will be used for.
Not sure there would be much II interest in a placing to raise cash to just sit there awaiting an opportunity, I suspect there will be an identified target, or strategy, and that the II's will be on the inside to have got them onboard.

It won't be long (imo) for this new opportunity, whatever it is to be made public.

gla

Well said, will.

Disappointed, but not surprised to see another fund raise at this time and the reasons noted for it.

Remember that for months the so-called rampers have been repeating their mantra of 'fully funded' for 2019 and shouting down anyone who said otherwise.
The truth was always 'fully funded for existing projects in 2019', a big difference, conveniently ignored and many here felt that we would most likely see a fund raise of some sort for other opportunities at some point this year.
Was hoping to see other funding avenues explored and no need for further money until later in the year once additional income streams were up and running.

Still positive re: the Weald and was not expecting too much uplift in the SP until Q3, so will continue to hold, but will not be adding further here, or taking any action until we see a CPR.

I have been reading this board for well over a year now and it is quite clear that the pragmatic, realistic investors (or so-called de-rampers, swampies and trolls according to the ukog zealots) have been right, or more accurate in their predictions for this company, far more frequently than the rampers.
DYOR, read both sides of the argument and make your own investment decisions.

Looking like a long road to recovery from here, but this being AIM, something could happen to change fortunes (for the positive) quickly.
A change in sentiment along with some good news is needed to get this moving again (imo).

gla

Agree for the most part, Kensington, but personally think the timeline may be longer for the SP targets.
IMO, possibly 7p-8p when the rig arrives, circa 10p once water issue fixed, then 12-16p target depending on bopd once flowing.
Certainly on the up and good to see.
Well done to the bod for actions and communication to date.
gla

It's been a good week with a steady rise from around 4.25 on Monday.
Will be happy with this continuing trend over the next couple of weeks, but expect a few dips on the way.
Positive and looking forward to some further updates.
Impressed with the new management team to date, they look to be restoring confidence amongst investors.
gla

I think we can some short term uplift with pending news (within the next month), perhaps towards the 1.40p to1.50p mark, but it may be around Q3 before we could see a more continual uplift back to the 1.75p to 1.95p range that we saw at the back end of last year.
2p is my end of year target.
Once we crack 2p again, it could rise pretty sharpish imo.

This could all change depending on any CPR.
gla

Very low volumes today despite the updates.
Can't see much movement if any in the SP before the close, maybe a flat finish.
gla

Thanks Argus1,
Got it. Have re-read the RNS, always a good idea to read these a few times.
gla

BoS,
Were they not talking of the revenue from one financing the next one, and so on (maybe that was just on here)?
I thought I saw figures posted here that based on flow rates, one well could cover its own costs in around 3 months, or so.
Agree that this may not negate the fact that there could be funding requirements at some point (e.g. for IoW), but as you say, there will hopefully be better options available to raise cash now other than further dilution.
gla

Added another 200k shares below my 1.30 target.
Please to finally be able to take advantage of these prices.
More good news today and exciting times ahead.
gla

I don't recall anyone saying the share price is being held down due to 'no skin in the game'.
Plenty of the usual talk of MM games and shorters, keeping it down and French billionaires accumulating, shorts closing etc whenever it goes up.

Can't understand why people can't be happy with a SP rise and always have to keep making sniping references to trolls, rampers, de-rampers for every move up (or down).
News, volume and sentiment (or lack of) have more impact than anything else here (all imo, of course).
May not top up later this week if this upward trend continues, which I hope it does.
gla

9:30 and no posts today.
Has apathy well and truly set, is there nothing left to discuss, or is everyone just watching and waiting for something to happen?
Sad state of affairs where the SP is now, but holding and waiting here.
Small position and although down will wait for updates.
gla

Plenty of upside in the SP as well as a good dividend.
Have made decent returns here over the years, both through investing for growth and in the short term to take the dividends.
Not sure about the new CEO, will be interesting to see what he has to say.

The CEO change may have been due to recent performance, but he has been there a while.
The CFO looks to be going to a FTSE 100 firm as a step up.
The SP was over 600p a little over 14 months ago and lots of net outflows for the past couple of years..

Seemingly more hires for specific areas within Fund Management in recent years (lots of new funds launched in the past couple of years) and more diversification in their investment set-up.
Less time being given to poor performing FM's, a more ruthless approach perhaps in the search for better performance and trying to increase their AUM?

Just to clarify an earlier comment, 28.5p is the full year dividend pay out.
The year end figure is 9.2p as a final dividend plus a special dividend of 11.4p, so a total final year amount of 20.6p

Still a good return imo, albeit down on last year.

A decent number of the Fund Management team have left over the course of the past year and with the CEO and CFO also both leaving in quick succession, it will be interesting to see what the future holds here (SP circa 500p a year ago).

gla

Added some more sub-5p earlier.
Happy with price and also happy to wait for further updates.
LTH
gla

WTT,
From memory, I think the individual/company needs to notify UKOG within 2 trading days of crossing the threshold and UKOG then have to notify the market within a further 2 trading days.
This may have changed, it's been a while since I had dealings with market disclosures,
I think it is DTR 5 of the FCA handbook that covers this.

A historic day today. DHC has acknowledged a -ive with this stock!

Joking aside, a great couple of days for UKOG and the Weald.
Newer holders should be showing a nice profit.
LTH's have seen a lot of good news and SP rising closer to more realistic levels with more rises to come (imo).
Still underwater (averaging circa 2p) and missed out on my potential top up sub 1.30, but sticking with current holding now and looking forward to the next 9 months plus with all that is planned.
Exciting times.
I wasn't expecting to see this back in the 1.70 to 1.95p range again until Q3.

Good weekend all

Disappointing to see where the SP is today, but many folk were claiming on here on the drop from 16p to 12p that anyone selling at those prices were mad and that they would regret having to buy back in at a higher price.

Any folk talking of 10p, let alone 9p or 8p at that time were roundly mocked by many 'experts' on here and hounded off the board. It just goes to show that so called experts don't always know everything.
Maybe those that were selling at 12p were right after all.
The rampers will not admit to this though.
It just shows the importance of taking on board all (well. most anyway) viewpoints, especially when it comes to AIM, as well as dyor, and not automatically labelling anyone with a negative viewpoint as a troll, or deramper and dismissing their opinion.

Seeing this as a good buy-in point, but no additional funds until March, so will wait on further news and see where we are at in the interim.
LTH, patient and still positive.

gla

Agree PITW.
I have a small holding here compared to Ukog, but the current prices for both companies represent a great opportunity imo.
Will have further funds available in a few weeks and intend to add to both if current price levels are still achievable.

For me, it will be Q3 onwards before true returns are seen. Happy to wait.

gla

Admin are getting quick.
Was just replying to a deramp about volumes and it's gone already.

For the record, volumes are not drying up.
Fairly consistent over the past few months during periods of news (volume spikes) and non-news periods looking at the charts. Nothing out of the ordinary imo

gla