Member Info for CynderLad

Loxley appeal will not land in the next month, the Tory folks are overwhelmed with too many other issues to give it the time of day. I'd estimate October 2022 for a decision, anything sooner would be a bonus.

However.... UKOG have no cash to drill Loxley, and to drill and then EWT will cost £5mm to £6mm, cash that they would need to raise by way of placing. That will create dilution of 25%+ and so you know what will happen to the SP!

That aside, Loxley is a dead play, already been tested by more astute and more experienced oilers than UKOG and shown to be a dead duck. So if you think its "transformational", then think again, it's nothing more than a vehicle for the company to dilute shareholders, raise cash and pay the board for another 12-18 months.

.. have the traders finished with their pickings on the worst O&G stock on AIM with the worst CEO of any company out there?

Placing is coming, it's only been put off by UKOG not having to pay AME for the sidetrack on the duster in Turkey, if they had to drill the sidetrack (which would also have been a duster), then they'd be in deep doo doo right now.

However, it's not long until the cash runs out, and they have major cash calls on the worst set of assets I've ever seen held by a junior Oiler.

Revenues will not improve on <60 bopd, as said before, my local petrol station sells more than UKOG produce.

Beware the boiler room ramp crew on this board, do your own research and don't buy their muck.

Insidious, I am not bothered by a rise in the SP. I am only really cheesed off when I see people sucker newbies into a stock that is a flat out ponzi scheme. There are plenty here that should know better, but are happy to take a few coins whilst others lose out.

I'd draw parallels with those scammers that phone you because your computer is infected....

Guaranteed, it'll be on national news media.
Unlike some charlatans that you find in the junior small cap o&g sector.

IF it comes good.
Timings have been out a little, the costs have been well known for a long time.
BUT... right now, we need to see the first gas and the flow rates, then we can consider what funding is required for the next set of developments at SFB and where that cash is coming from.

ANGS remains a solid buy and I have a few quid of my portfolio invested in it. Sold out of OEX and UJO earlier this year, and other junior players in the headlines (i.e. UKOG) are simply not worth the risk/reward based on the fundamentals that I base my investments on.

Good luck to all invested.

The RNS today was hardly positive, it was just a rubber stamp exercise that has been long overdue due mostly to the incompetence of UKOG and filing applications.

The most significant issues for UKOG remain completely unchanged:
1) limited cash
2) Oil output from 1 well of <60 bopd, which is less than my local garage sells on a daily basis.
3) a CEO and a board of directors that haven't given a proper operational update on their 1 well in > 12 months.
4) Cash calls galore in very low grade prospects that will almost (99%) certainly be dusters.

But apart from that, it's all roses.

Excuse me Wizard, I will correct you there.

I was 100% correct with my position on Turkey and this has been proven by way of RNS.

They drilled a duster in a dead play, now that they have some more seismic they think they may be able to drill from a new pad, but importantly, not from the existing pad.

And I'll state for the record so that you can quote me on it, the new well will also be a duster, as the geology in that area is shocking with no oil plays that would be of interest to anyone other than a lifestyle company.

Cheers,
CyndiFACT xxxx

Come on, what's the next news from UKOG? Choices below:
1) Placing required for Turkey as they drilled the well in the wrong place and the current site is unusable for the next drill in location where there are no commercial oil plays.
2) Placing for Loxley (post UKOG winning the appeal), they'll only need ~£5mm for the initial drill and EWT in yet another dead duck O&G play, its already been tested by more professional outfits and proven to be dead.
3) Cash spend on HH2z conversion so that they can reduce the cost overheads of water disposal. It'll not increase oil output and it'll probably never provide the ROI on the conversion.
4) Purchase of two nodding donkeys in USA lala land with transformational 30 bopd output.
5) Operational update on HH1 including the REAL story and truth behind why they are not producing from the Kimmeridge and are limited to the Portland which is a very small play.
6) Updated CPR with all Kimmeridge plays written off as sub-commercial, thus matching the words of UKOG in the Loxley planning application.
7) Placing to buy the last % of the Licence for a low ball value of £3m. I mean come on, they spent so much buying out Tellurian and Solo and GUN, etc, what remains at £3m must be good value right?

LMAO.

UKOG is nothing more than a pump'n'dump play run by a bunch of directors who love the easy lifestyle and REFUSE to do any investor calls, interviews or provide honest full fact based RNS's. And Yes, you can quote me on that!

is over. How many caught this time?
Placing news tomorrow or Monday, what discount? 0.08p. Lovely jubbly profit for SS's usual mates, leaving the PIs holding the dog excrement once again.
So many suckers done by FOMO and zero research.

try reading the text in the RNS, the message is not even written between the lines this time.
I'll give you a clue. "IF".

Sanderson should be booted out. He is not CEO material, never was, never will be.
Take a look at their website and their corporate governance, and tell me how they are delivering against any of those principles from a shareholder perspective.

UKOG are a HARD AVOID from an investment perspective because their CEO and their Board of Directors are showing zero commitment to PIs and only have interest in lining their own pockets.

... at these rates.
SS doesn't care about Shareholders, just wants the cash to keep the coffers sufficiently topped up to pay his salary and related party transactions.

p.s. Apex was shutdown, former chairman took over £600k in related party payments, pocketed the lot and shut the company down. Well is that any great surprise???

... continues to take that well earned 6 month break in the Bahamas. After all, why would he want to be doing REAL work and developing UKOG when he can put his trotters up in the sun; no phone calls to disrupt his pina coladas, no investor calls to impact his blood pressure, and he has AME on speed dial to check when they are happy for the next BS propaganda PR exercise.

What could be better?

Insipidious = yawn.
Maybe you should start with researching your bank account, are you still getting paid 50p post by the Boiler room paymasters in Mumbai.

Broken clock and all that, but hey, even the paid off rampers will soon have to admit that they'll have to wait months for another good trading opportunity. Highest risk AIM stock for trading that I've ever seen with the worst CEO out there.

Insidious, go on tell us how much you have lost on this dog so far? You must be gutted.

It is the worst performing stock I've seen in a long long time backed by a CEO that would rather spend his time trying to perfect his Penfold look for a live-action version of Danger Mouse than doing investor calls.

SS is not taking a few weeks holiday, he is taking several months holiday. He cannot even be bothered to do an investor call, he is not a CEO, he has no ethics and shows no interest in shareholders.

Compare to George Lucan at ANGS; lots of PR, lots of Twitter updates, Investor call planned v soon.

UKOG are an absolute dog of a company, and this is highlighted by their so-called CEO hiding away from public view. Massive RED flag.

ZYX098 is bang on with his assessment.
Punters take note, SS is hiding the truth in Turkey, it is a dead play, always was and always will be.
What he has done in Basur is lay a very large concrete pad and rill half a hole, which were both a complete waste of cash. AME knew that before they commenced, but hey it's someone elses money and they took a slice of profit from the exchange.

Turkey is dead, there was nothing in there to suggest otherwise. The usual BMWWBS waffle by SS to try and hide the truth. Now it's a case of EXTRA cost, so you all know what is coming next!

You are correct, the CEO will deliver.... but unfortunately, it reads "The CEO will deliver another 5 BILLION shares". He has no interest in shareholders, he only needs their cash for this ponzi scheme.