Member Info for CynderLad

Give it a few weeks and you'll get the added discount of the placing driving the SP sub 0.05p

Trish63, you'll have at least 1,825 nights of sleep before Loxley could produce it's first production output, IF (read below). Give that a thought!.

Say no more, this is a lovely little share in my portfolio. :-)

Will be at least £5 million for initial drill + test
Will then be at least another £12 million for production kit, just look at the costs that ANGUS had to cover for the Saltfleetby processing plant kit. It is not cheap.
And then there is all the cost for the external folks to support planning and legal costs.

2+ years to actually get in there and drill/test IF they can get £££ or a partner (LMAO).
5+ years to get it to production as it'll be NIMBY/Green Councillors who block production planning application.

It all fits perfectly into the CEO's strategy though, he gets to raise more cash through placings as he works his way to retirement with his trotters up on an over-inflated salary.

As for interviews, that shambles yesterday was NOT a PI session, 100% scripted and not answering any of the key questions about HH or Turkey!!!!

Leaky leaky, or FOMO, I don't mind if it's both!

It's going to go back sub 0.06's very soon in my opinion.
Then there will be the smokescreen in Turkey to try and get another placing away to pay the BOD for another 6 months. They need to keep those trotters up on holiday.

All in my opinion of course. But just look at the MO and you see why I have such an opinion.

CDF1 - if you are new to UKOG, then please please please go look at the history of placings and failures, look at the finances and how much money they have lost, and look at the CEO and his complete disdain for PI's (i.e. no PI/investor sessions in living memory). There are so many red flags with UKOG. If you are short term and trading this baby, then good luck, but as I've said before and as has been proven as FACT, UKOG will raise through placings without care of duty to PI's/shareholders.

You were warned!
UKOG is worthless, their cash reserves are dwindling, limited revenue streams and losing cash hand over fist.
No new assets to come online with any true potential.
Loxley will cost £18+ million and take > 5 years to get into production, and that is all subject to UKOG actually proving it to be commercial.

Nobody is interested in the farm in!

This will drop sub 0.05p within a month in my opinion, that's a big loss for many who got done for 0.08p today.

The CPR changes nothing!
UKOG do not have the cash to drill Loxley!
It will be £5million to drill and test.
Then they will need planning for production = 3+ years of red tape and treackle.
Then they will need £12million for production kit.

It's quite plain really, UKOG will not get a partner for Loxley, the ROI is dreadful. Who would want to spend £5m on drill and test to then wait 3+ years to get production approvals only to then need to spend another minimum of £12million on production kit.

There's nobody out there going to be interested in that.

Also the figures used for gas value are over-inflated, in 5 years time (and that is as soon as production could ever commence) the price of gas will be considerably lower than the figures quoted!

But the CEO, SS will not be bothered, he's just had a lovely spike with volume and that usually means some forward selling of placing shares, after all, they don't have enough to drill anything other than a seep well in Turkey.

SP will dip to sub 0.05p when placing lands.

Just saw it on Twitter. Looks like the campaign is going to restart unless SS does a Q&A session for PI's.
Put the CEO on record where he has to answer questions that he does not want to answer I guess.
e.g. Why haven't you gone back to produce from the Kimmeridge in HH1?
e.g. Is there downhole damage in HH1 that means that you cannot produce from the Kimmeridge?
etc, etc, etc.

If I had any shares, then I'd support him being ousted. I do have a Short CFD, but not ready to close that yet.

Get SNide on Twatter to post some Crude content. She loves a crappy meme.

When's the £1 party. LMAO.

UJO is a dog on a short lead.

And so each month that goes by see's the light at the end of the tunnel get that little bit closer.
Sure, all PI's want the sidetrack to be a success, but failing that, then ANGS will have 100% of the production come summer 2025. Sounds a long way off, but it'll come soon enough.

I wouldn't bother wasting your time on him Penguins.

But alas, that's not going to happen.
The drilling continues, and that video shows them running pipe into the well at a good rate, not quite sure where they are with the actual technical aspects of the drill, but the fact that they are running pipes shows a few things (see Push2 posts for insights).

Hoping that end of next week we'll get an RNS with some good news. Then I expect push2 to pop back on here and make comment to all the XR activists who worked well in their WhatsApp group to co-ordinate an attack against push2, we know who you are!!!

Where's the convoy? 5 tankers a day right? LMAO

That's all. No rules broken. Can't keep reporting posts that break no rules.
Loxley = already explored and is a duster field.

14 days was very optimistic, I feel it'll be closer to 28, but let's wait and see how supply chain and weather impacts on progress.

28 is a nice number, it's ties to a half decent film, 28 days later. I'm think XR activists like Mr008 will be zombie like come the success of the sidetrack. Poor sausages, they'll not be drinking fermented nettle wine this time round.

Cos UKOG don't have anywhere enough to cover the costs of HH2z injector + seep drill in Turkey, and don't ask how they can fund Loxley, BB abandonment of the drill of the next duster in Turkey.

SS doesn't care though, each placing = 4-6 months closer to retirement.

LOL Mymine, do you not know how to interpret basic math and forecasts for the Wressle asset? It's short term, after which that cashflow runs dry and UJO will be spending huge amounts of cash on dusters (i.e. WN).