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Why bother interacting with that muppet? There's nothing he can say or tweet that will make a blind bit of difference, he's dumb for thinking so, but hey that's what you get from a bloke who makes a living out of putting new stickers on old fire extinguishers.
Well we all know who David Lenigas is and what he stands for. Track record = if he ramps then run fort he hills!
Him and Silent Steve make for good bedfellows, but SS would prefer to spend his time in the Bahamas with his trotters up, he will not engage shareholders and has abandoned all his duties to them as CEO!!!
Will be here sooner than you think.
That CLN is an absolute shocker, but hey SS doesn't care about shareholders, he justs wants his salary.
Then PI's will get the delayed truth about Turkey and it being yet another duster, then there will be the BB P&A costs followed by DL pulling out of his commitment to get HH3 drilled (it was just clickbait nonsense to get a placing away for his failed USofA efforts anyway). Then you'll get the "we can't be bothered to spend all that cash on HH2z injector well conversion as it simply doesn't provide any ROI", that is the reason why it hasn't been done to date. Then you'll finally realise that HH will continue to make huge operational losses as the oil recovery continues to diminish.
All in all, UKOG left with crap assets and huge overheads and no interested parties in Loxley!!! The CLN shows the truth, even the usual partners who sort out placings were not interested in the risk, so SS went for the last option available to him. There will never be any RBL and there will never be a time when UKOG actually make sense from a long term position. And yes I do include the mickey mouse hydrogen storage vision, they ain't gonna get £1 million in investment, and they will never get £1 billion for that project, especially as the UK GOV (current and next) already know that they'll be pressing the big players to invest in the longer term energy security.
The above is of course all my own opinion, but I am sat on my short CFD bet, worth a couple of grand in profit at this point, and I'll not cash out until UKOG hit 0.01p.
Stick to the info in the RNS!!! As I requested a couple of weeks ago, provide the clear financial position, which they did.
The great news is that GL is off, bloody good riddance, the guy is completely unreliable.
The better news is the refinancing option available, that will be brilliant, debt is not the enemy, servicing the debt is. Restructuring the debt with the revenue streams that ANGS have is a game changer, the profits are there for all to be seen when they can get that sorted.
Lastly, ignore the known XR protestors who post last months "debt" issues, they are desperate to kill off sentiment in ANGS in an effort to impact the company itself. WG818 only posts negatives, with an agenda that is bright orange from a XR / just stop oil perspective.
0.6 bopd to UKOG, WOW, that is a massive $48 per day revenue to UKOG.
But hey, there is a catch, the water disposal costs and site running costs will be huge, so I'd doubt that the site will actually make a profit at all.
SO before the RAMPERS get excited about $17,520 annual income, they better take a look at the costs.
SS is really scrapping the bottom of the barrel, but he was really chuffed to put that RNS out. LOL
.. to stand up and answer the basic questions.
Pathetic behaviours that are a reflection of their character, cowards the pair of them.
Stand up, present the financials. Show us shareholders the position; cash, revenues, debt, hedge, operating costs, etc, etc. Lay it out nice and simple so that there is no obfuscation and no half truths about the present situation and the ability of the company to stay afloat.
Fail to do that and they have a hidden agenda, to me it stinks! They stink and they should be removed from their positions and replaced by someone who will be honest with shareholders!
Are they deliberately overseeing the rapid demise of the SP so that an "interested party" can buy the company for peanuts?
I do wonder if they are gonna get a huge back-hander / brown paper bag payment if this were to play out?
Why else are the CEO and BoD just letting the SP tank when they can put out a simple presentation with full disclosure of the financial position. Instead they hide it all away and keep it under the radar until the annual results are published.
What the Foxtrot are they doing and why the Foxtrot do they think they can p155 over shareholders????
If ANGS go anywhere near Loxley and the scammer that is Stephen Sanderson, then I'm out of ANGS. You would be kissing goodbye to anything that is invested in a UKOG scam.
In the meantime, the ANGS CEO and his BoD really need to get the financial forecast out for all to see; cash position, loans, interest, hedge, revenue, overheads, etc, etc. Show us a bloody 12 month picture of what the company expects FFS!!!! It is not hard to provide that is it!!!!
The SP is tanking due to 1 reason, market now thinks the financials are screwed. So address that with one simple presentation with the facts and forecast front and centre. That will resolve this issue, or provide the truth of the matter. The CEO and the BoD cannot simply hide and ignore the shareholders!!!!
With complete transparency over the hedge costs and the cash position.
They need to provide a financial outlook that shows debt, cash position, hedge, interest, revenue, etc.
Right now the market thinks ANGS is an absolute must sell!!!
Only way for a "real" management team to turn that around is to provide the financials as per above. The BoD need to show some respect to the owners, yes, that's us the shareholders!!!
Riverfort will not be holding those shares, they'll forward sell as per last time they did a CLN.
If you want to know what will happen then just look at what happened last time.
The CLN will see the SP go down 20%, easily.
It'll also kill the pump and dump opportunities, of which they are just a couple that did offer any spike opportunity.
Who really cares about what Adrian Watkins thinks? He's here posting with 5+ ID's and he's adamant that UKOG are great.
He's right up there with the great thinkers of all time, NOT!
Keep working on that Chaplin moustache Adrian! If UKOG were called CHINAOG he would be slating them.
That CLN will be an absolute killer. It's worse than a placing.
You know why Sando opted for CLN??? Because he couldn't get a placing away.
The CLN will kill any spikes, the pump and dump opportunities are now gone. This is going to 0.04s then 0.02s.
Make for horrendous reading. SS hiding as much as he can.
Turkey is a dead duck, we all know it, so does SS.
Loxley drill in 2024, LMAO, yeah right mate. How you going to raise the £6mm for the drill and EWT then?
Operating losses have increased, the coffers will be running dry, and that cash for the HH2z conversion and the additional costs in Turkey are not going to get any cheaper are they!!!
All in all, a very disappointing RNS for shareholders. Not that I'm bothered, I'd not hold UKOG shares in my portfolio, I do still have an open short CFD position though and I'm not closing that until it hits 0.02p, Easter 2024 nailed on at the latest.