Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Then it's freefall time, nothing positive on the horizon, the HH2z injector will not get funded, why bother, £800k NAV for HH, so why bother spending half of that to save a few quid on disposal, the ROI doesn't stack up.
SS will probably be asking AME for the next duster drill partnership. LMAO. Anything to get paid huh Sando!!!!
JR, a side-kick of the infamous Adrian Watkins.
John Rogan, you fool nobody but yourself. We know your agenda and how you are desperately trying to suck others in to try and recover the huge losses you are all sat on.
Turkey is a duster, just look at the facts for drills in that local area, they're terrible and no amount of praying and ramping will change the geology, it's just not right for oil.
Goit, you'll see some price action when the Turkey duster is reported. Won't be long now.
When it fails, folks will realise just what's left. SFA other than huge operating losses and a bunch of assets that will cost a fortune to plug and abandon.
0.04's coming soon enough, mark my words.
Go figure.
ANGS have a top class asset in SFB that is generating huge revenues.
UKOG have SFA and not enough cash to cover operating losses.
ANGS down 5% on brilliant news, UKOG up 17% on nothing.
That's how AIM works, the pump and dump crowd are on the case at UKOG. Spike city there.
I will be buying another £20k of ANGS at these levels, it's a no-brainer.
Lots of shares floating around down at this level. MM's will hoover up the loose change and sell into a depressed market. There will be profit takers galore at 5% and 10%, so this will take time to break 2p, but it will break it. Just wait for the cash to start piling up.
I do think that ANGS "may consider" a share buy-back and a special divi this calendar year, that's a "may", I don't think it is nailed on. Much depends on their shopping trip for other assets. Not sure that Lidsey or Brockham are going to get much of a look-in to be fair, but I do hope that Balcombe gets the green light for an EWT; personally I don't think Balcombe will add up to anything, the Kimmeridge play is a tricky one and UKOG failed with their efforts at HH and BB. I don't see Balcombe being any different.
Where will the next "new" asset be? UK? On-shore? Not sure how many other abandoned gas fields are available for peanuts, any folks here have any insights?
Kimmeridge is dead, if it had any future they would have drilled into it with the HH2 well, they didn't.
That said, there was nothing stopping them using other finance raised from placings over the last 2 years from drilling a new well at HH to specifically target the Kim, they didn't bother and instead threw their hats into the Turkey duster comedy show.
What next, yee haw, off to the US of A, where SS has lots of contacts. Not been much O&G exploration out there, LOL.....
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.