The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Then it'll be placing, UKOG don't have enough cash to do anything else on an asset level after Turkey duster. They need the remaining cash to cover operating losses in 2023-2024. HH2z conversion, LOL.
Placing ahoy....
HH1 valued at £800,000, that's in the formal filing by UKOG themselves. LMAO
How much on HH2z conversion, and then what are the site running costs (electricity, security, tanker costs, etc).
That says it all. They will never make an asset level profit at HH. Might as well shut the site down. Oh wait, that would mean expensive plugging and abandonment costs, for 2 wells, not 1. Oh wait, and it would mean that SS and DL would not be able to extort more £££ for PI's who are dumb and unresearched.
Well, would you Adam and Eve it... Who would have thunk it!!!
Production decline is there to be seen, may be a small % and some may say it was due to Feb being 28 days and that there was some maintenance, but it does look like the $1m tick-up RNS's are also adding to the decline narrative.
Why isn't the CEO doing a formal operations update? What is he hiding (apart from pies)?
As for decline, the SP will slide to 14p, that's the true value.
Are themselves generally quite horrid people.
From the curtain salesman who bought a camper van to mingle with swampy at West Newton, to the Ruth worshippers.
They'll bash any positive sentiment and brand it "ramping".
Well, you ain't fooling nobody, and as for Mr B00c0ck (pboo), you're one of the worst, those who were around UKOG during the days of Broadford Bridge all know how you were working with Adrian Watkins and in the pocket of the UKOG CEO, misleading PI's whilst trading... That's a fact, we who observed it, know exactly what you did.
Yeah, UKOG are gonna buy BP and Shell. LMAO
F'ing get over it.
So many pork posters on here with a love of UKOG thinking that UKOG = Brexit.
you can drop your love of this dog and move onto other options that are run by decent CEO's that are honest with shareholders and do proper shareholder calls.
UKOG will keep spending cash trying to pin a tail on the donkey, but PI's only need to look as far as the CEO to find the donkey.
Trade carefully or be spiked (like many were at 0.18p). Adrian you still way under water, muppet!
Turkey drill is a duster, no surprises there, but it helped create a huge pump and dump.
I wonder how many fools were spiked this time, now looking at a huge loss.
The SP will return to the 0.06's very soon, and then downward towards the 0.02's.
You really do need to do more research (unless you are lucky to trade the spike), as UKOG are going to be insolvent within 2 years without huge placings, and they really struggled last time round to get the extra cash they wanted.
Pin-1 is a complete waste of money, but AME aren't bothered, they are loving a bit of cream from doing some basic duster digging.
And I could argue that is is actually worthless.
They spend/commitments are in excess of their cash reserves (Broadford Bridge P&A, HH2z conversion, Turkey)
Loxley = cannot get a partner because the figures are all made up and SCC are a nightmare for red tape £10+ million needed for a drill, EWT and then basic production kit.
Turkey = dead duck, the current Twitter effort by UKOG is their usual Pump ahead of a placing.
Placing = definitely coming, SS will not miss an opportunity to raise cash, it's his MO and pays his salary until he retires.
Look at their operating losses, ouch, staff costs are too high. Remember storage capacity at HH site was reduced massively via formal application.
Only clowns would buy on a spike, classic pump and dump, this will race back down to 0.06p v quickly, and then that placing will be at a massive discount.
They don't know what to do next with ANGS now that SFBY is a massive success.
Word on the street from the Orange Dust crew is that they'll now focus on how crap Balcombe and Lidsey are....
Go get some gorilla glue ya twazzacks!