.. will lead some folks to fall in love with a share. It's obvious that AW, with his multiple accounts on here is in love with the share. He's lost untold amounts of cash as the SP continues to plummet.
It will hit 0.4's within weeks, then it's a freefall to 0.2's, then delisting.
It's what happens to all lifestyle companies when the market finally gives up on them. They'll struggle to get a mate to help them with placings, so it'll be small fry with some nonsense narrative, the truth is that SS will just milk the market dry for as long as he can muster it, then it's curtains...
Thing is, SFB will never be decommissioned. Its gonna produce gas for years to come, and after that it'll be used for storage.
Ruth's apprentice needs to find another angle now, she gave up on the "past x sidetracks failed", now it's "decom costs" (which is nonsense), what next?
If I were a shareholder I'd be wondering why SS is putting out an RNS for something that is already known to the market! There is nothing new materially within that RNS!!!
Which brings me to the next point. Why hasn't SS updated the market on the Kimmeridge production that is available downhole in the HH1 well? It's had a long long time to build up some pressure hasn't it. Do they have downhole sensors that are providing readings that say otherwise, i.e. pressure is poor. Or, is it as many (including me) have suggested; i.e. UKOG have damaged the well downhole of the Portland and cannot produce from it?
So where is the real RNS that shareholders deserve that does contain market sensitive information? After all, UKOG was supposedly going to be transformational through the production from Kimmeridge across wells dotted all over the Weald.
You don't need to be a rocket scientist to read between the lines and figure out the reality of the situation; but just for the dipstick of blackhorse: The Kimmeridge will never be used by UKOG for commercial production! I don't expect you to understand that plain fact because you are lacking the basic intelligence to put 2 and 2 together.
I will put it out there, we have a savvy background buyer at these levels. A serious player that will accumulate in what they consider to be small %'s until they hit the % for disclosure.
Time will tell. I have a feeling that we have someone building a stake, and they are gonna take this past the 10% level in due course.
3p nailed on later this year, question is whether they want ANGS outright or whether they want a multi-bagger.
Just an opinion of course. DYOR.
Robin of Loxley stole from the rich to help the poor.
Sanderson of Loxley stole from PI's, hid in his castle with his trotters up and drank pina coladas whilst organising his next placing to cover his lifestyle until retirement. He lived happily ever after....
CostadumboLotta! You don't get it, UKOG don't produce enough oil to keep a small petrol station in business and their operating losses are HUGE! What part of that don't you understand?
Can't teach MINCE!
DB is that desperate that he's buying in small chunks. How much do the RNS's cost?
Foolish side-alley circus trick. It's not sufficient to move the dial!!
£1 party at Heids. LMAO. You'd be better off spending a quid down poundland, get a tasty bag of sweets instead.
13) Adrian gives up trying to make money out of UKOG as he realises it is an utter dog, gives up booze, burns his beatles records and moves to Brazil where he takes up service as a monk making cheese. (Yeah you guessed it, it's unlikely, so Adrian will continue to lose money on UKOG, doofus).
1) Bad news in Turkey.
2) Placing.
3) Cancelation of HH2z injector
4) Confession by SS that they screwed the Kimmeridge up in HH1
5) Another placing.
6) Some "Yee haw" USofA nonsense
7) Pump and dump by DL, HH3 will never be drilled, but it will not stop them from getting a placing away
8) Another placing
9) AME partnership ends
10) SS retires when the coffers run dry
11) Taxpayer left with costs to Plug and Abandon HH and BB sites.
12) SS drinks pina coladas and thinks "well wasn't that a piece of cake"
And then another in 2024.
Whichever way you want to cut it. UKOG do not have the cash to cover the operational losses and cash calls home and abroad.
It'll be a minimum of 3 placings across 2023/2024 to keep the lights on.
And if they do want to do anything major, then those placings will need be huge, and they will struggle as they have nothing to pump to create volume.
G-Martin = Adrian = STFU sticky label boy.
ANGS are in a very strong revenue position right now, there is no doubt in my mind that they will make that payment due in June 2023. Should they fail to do so, it would be by a small margin and that would only require minimal negotiations with the derivative holder.
Sorry, but I just fail to see the risk on this point; I would be appalled if ANGS decided to opt for a placing to pay off a small residual chunk. There is certainly no need for a placing at this point, if they do place then it's curtains for the CEO, his first considerable decision cannot be one that punches shareholders in the nose.
I spilt about 10ml of oil when topping up my lawnmower, the oil on my driveway is still creating odour 4 days later.
As for the UKOG/AME Turkey efforts, all a waste of time from an asset development perspective, they are drilling in a dead duck geography. They'll not find enough oil to keep my mower in action and that's a fact!