Member Info for CynderLad

Brockham was delivering a mere 50 bopd of Crude. Not sure what the asset level operating costs are, but with Brent at $123, the monthly revenue would be in the order of $185k / £147k. Given what GL has just said about funding, then I am not sure why they would be looking to place anytime soon.
Gas coming online in the next couple of weeks + Brockham, and maybe Lidsey is put back on production soon too, even at it's low rates, it's worth a tanker a week ($27k).

Penguins, UKOG is a comical tragedy.
As for the CEO, The Bear from A Winters Tale may be the most obvious choice for an equivalent character from the works of W.S. The Bear has but one scene, no words, and eats Antigonus off-stage. I see some parallels there with Sando being the Bear and PI's being Antigonus.

In my opinion. Wise folks sat on a profit will probably cash out.
How many spiked this time I wonder?

MickR, go re-mortgage your house and sell your car, put it all in Stevie's pockets...
But from reading your posts, it's probably more a case of getting more coppers out the piggy bank.
LMAO. You could wait a week and get the stock at sub 0.11p, so why would you buy at a 40% premium today?

Fact that Mecuria are invested tells you all you need to know. They are not playing with buttons. It will have been through extensive reviews, data dives, etc, all part of their due diligence. SFB is nailed on. But it may be Mecuria that win the first prize unless that sidetrack is sorted in the short term, in which case, fill your boots.

They could get 22.5 million for the same price if they wait a week. But who would want to buy on a spike into a stock that always dips very quickly? Oh I know, the "unresearched rainbow chasing dreamer"

MO of Sando is to place on the back of hype and volume. So watch out. Permission to issue 9.7 BILLION more shares being requested at AGM, so you know what is coming from a company who love to throw money at dusters whilst the CEO drinks Pina Coladas in the Bahamas. (after all, why do an interview or investor call when you can put your feet up in the sun).

"Resolution 4 – Directors’ Authority to Allot Shares
This is an ordinary resolution to grant the Directors with authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Act up to the maximum aggregate nominal amount of £970,000. This resolution replaces any 7 existing authorities to issue shares in the Company and the authority under this resolution will expire at the conclusion of the next annual general meeting of the Company."

£970,000 at 0.01p Nominal value will see an extra 9.7 BILLION shares issued. All you can say to that is OUCH!!!!

You have been warned by the company that a huge placing is coming.

Just check out the AGM agenda. Only a fool would think that UKOG are not going to dilute, they have asked for the biggest allocation of nominal shares in their history for that very purpose!

2p next week Skwizz, 5p by end of August.
LMAO. The boiler room crew will be coughing up the tea this morning.
This company is worthless.

p.s. For newbies, go check when the CEO last did an interview or an investor call. It makes for very very poor reading!

OEX have over 1 TCF of gas, have active wells and plans to frac in a country that supports it. Talking months not years to do what they are going to do.

Whereas. UKOG cannot frac, haven't even drilled a test well, have a site covered in vegetation with no pad, will have to wait several months for a rig, and then will probably be limited to a reasonably short EWT. THEN they will need to go back for planning permission with SCC to get approvals for production. A drill that has no funding. You are talking mid 2023 earliest for the EWT and they'll need £6mm cash to do it. How much dilution you want? 30%? This dog is going to go to 0.07p before that drill starts.

Do you ever bet on a horse that is pulled up in every race?
Well I do not.

Let's look at the previous form:
1) Broadford Bridge, duster after huge placings leading to massive dilution, now they need to plug and abandon the site.
2) Turkey, didn't even reach TD, well to be abandoned, duster geology, and yes, huge placings leading to dilution.
3) HH2z, the horizontal into the Portland. Water galore, lots of lies about ingress. Huge placings leading to dilution.
4) HH. "billions of barrels" in place. Now < 60 bopd with water cut. Lost count of the placings, but it's been huge and dilution galore.

Next up....

Loxley, synonymous with the story of Robin Hood. But in the case of UKOG< they are quoting imaginary volumes of gas, despite there already being two dusters drilled into that very geology.

You can guess what comes next.... The CEO talking about the Bahamas, the huge placing and massive dilution.

WHY? because the donkey that is UKOG operates solely to give the directors the lifestyle they want, nothing more. A few may make the odd bean on a spike, but that's about it.

If you get spiked on this dog of a share, then you only have yourself to blame! Period!

Northfolk, this is a bit off topic, but when you state "Just like the Boris vote, that has been a witch hunt by the Media to overturn Brexit. He did not even eat his Birthday cake."

That's a load of tripe.

If people backing Boris are doing so because they think that Brexit will be undone by the opposition, then they are very foolish indeed. Brexit is done, nobody is going to change what has happened, it is 100% water under the bridge, but the Tories will have people think that voting against Boris will see a reversal of Brexit. It's clear many have been brainwashed.

The reason why Boris has been the political headline for months is not because of Brexit, it is because of the raft of wrongs he has done wrong. From trying to prorogue parliament, to the PPE contracts for mates, to the cost of living crisis, to the NI increases, the write off of billions in Covid fraud claims, the lies about 40 new hospitals, and appointing only stalwarts into the cabinet. Then to the "let the bodies pile high", refusing school meals for children in extreme poverty and the many many made up half-truths in PMQ's. Then the appointment of a son of a former KGB agent to the Lords. But then to cap it all off, he broke the very laws he made, then had a brother of a cabinet minister lead the MET police investigation, then the white washed SueGray report. He lied, we all know he lied, he refuses to admit his guilt and his careless partying whilst allowing Covid patients back into care homes.

Seriously, if you cannot see just how bad his character is, then you should abstain from voting in any election. "You cannot teach pork".

This is not about Brexit, that is all done. This is a simple case of a liar and coward leading the country, which he is not fit to do. Don't you see that?

... no news.
So what's happening with the new well, where is it to be drilled, how much will it cost and what are the expectations on flow rates, etc???

As previously predicted, UKOG will soon pull out of Turkey. It was a dead duck from day 1! AN opinion that I voiced and was called a liar.

Well come on then, tell me that I am wrong! Or maybe it is still snowing in Turkey.

As usual the CEO completely hoodwinked the naïve rainbow chasing dreamers who bought the boiler room nonsense.

Nothing compares to the CEO when considering "quiet".

Sanderson is soon to be used as the scale to define how quiet a CEO can be. The guy is pathetic.

gwilliams71, ANGS been hit hard by the news earlier this week concerning the buy-out of SEL's 49% stake in SFB.
But on a positive, ANGS will own 100% of SFB.
SFB is a proven asset with a CPR, and it was sufficient to obtain funding (sub-prime conditions granted)
And that SFB asset will be online and producing in the next few weeks.

Compare to Loxley:
UKOG own 100%
Loxley is completely unproven and historic drills have been dour
It'll take £5mm to drill+ EWT, cash that UKOG dont have
It'll take 3 years to get to EWT (earliest in my opinion) and then it'll likely produce nothing but a few oil shows that'll be hyped as "transformational".

Do you get why I'm in ANGS with an average < 0.9p and staying away from UDOG?

If Salmon Slacks said that there was 1 BCF in a 5KG Calor gas bottle, then some idiots here would believe him.

"planned for 2019"

LMAO

Be lucky if they ever drill it, after all, how many times can they really expect to go cap in hand to the market for a placing? The open offer was significantly undersubscribed and SS's mates are probably looking at easier bags of crap to shift.

13 trades in ~4 hours, wow, knocking it out the park. Looks like the MM's are completely switched off to UKOG today. Surprised they've not tried to create some action by dropping it 5%.
Maybe Ocebot and Whizard are topping up with their hard earned boiler room commissions.

I have ian12 on filter, best place for him. It's great to see a green message rather than having to read his baseless drivel.