Member Info for CynderLad

CEO now refusing to comment on dual completion of HH1 in the annual reports.
They had committed to dual completion.
Price of Brent consideration, why would you not produce from the Kimmeridge?

One reason and one reason only === They have killed the well downhole of the Portland and are scared to touch it in case the knacker the entire well.

CEO will remain silent of course, but how long can they carry on the charade?

Check out Craigslist.......

My local petrol station is selling more fuel that UKOG produce, what does that tell you???

And the manager there is on £35k p.a.

Compare that with the fraud that is SS.

Just wait for the morons to start claiming that UKOG will be a player in Texas (or anywhere else in the states for that matter).

Do you really think that UKOG will be able to raise the funds to buy a stake in anything other than a backyard donkey operation.

Do you really think that the players in the US will just stand by and let a tinpot brigade waltz in and steal anything worth having?

Do you really think that SS has a network of contacts in the US that will be piling up to give him great assets for bottletops? (After all the former chairman wound his dodgy company up within 2 years of being paid £100's of thousands for delivering UKOG SFA through related party interests).

Good grief, what next, world war 2 bomber found on the moon?

The CEO should be egged at the AGM for his lies.

1) Turkey is dead, they know this and have already started to prime mug PI's for investment in USA / Solar / Geothermal.
2) IoW was always a waste of time and money, do the directors show any remorse for their dumb use of cash?
3) HH Kimmeridge is dead, no mention of dual completion of HH1, because as we all know they have screwed the well up. Why would they not produce from the Kimmeridge in HH1 right now given that it is dry oil and that POO is where it is! They mention HH-4 which would target Kimmeridge, but hey ho, no funding and what would be the point?
4) Cashflow - ouch, that's a really bad position. £4.73 million at end of Sept 2021. But how much of that have they burned since, they have not provided a figure for March 2022, you know why? How much have they had to give to AME for the dead duck play in Turkey and what is the monthly burn rate (at a minimum it is £1.41m/12 = £117k).
4b) Recall the RNS on 1st Feb, "Sufficient funds remain available to deliver the planned sidetrack and seismic programme", so they were looking at having to pay AME a rather large chunk of cash, minimum £2m. Guess they are "pleased" that AME have not progressed the sidetrack as yet, because UKOG would not have the cash to pay for it. Placing is certainly required to cover that or their liabilities will eat them alive.
5) Liabilities = only just shy of cash in the bank, ouch!
6) Sando only took £13k pay hit, despite the obligations stated in RNS to reduce director salaries due to Covid. That lasted long didn't it. And yes, he still paid himself £284k for naff all.
7) "raising funds from equity remains a necessary part of UKOG's strategy". One does not need to read between the lines much on that, it is really a case of how much.

I'm surprised that the SP has not dropped by 50% this morning, seems folks aren't able to translate the BS, smoke and mirrors in the annual accounts.

It would take a Russian invasion of Poland to drive oil above $175, let alone $200.
So it would not be great news!
Furthermore, it would drive millions upon millions into poverty, not just in the UK, but across the globe.
So I'd cease celebrating it Wizard/Ocelot (same user in my opinion) and it's disgusting.

Liamcossie, did you also consider looking at the RNS's and the company accounts, or is your "trading for dummies" scheme able to mitigate the major impending risks on current SP due to it's flawless simplicity? LMAO

Do you not know the MO of UKOG and how they place time and time again with hogwash promises? That placing is now overdue. Might be better if you stick to top trumps than playing AIM.

p.s. I've stuck you in the filter bin as I can't be bothered to read drivel from numpties.

Only an absolute ar53h0le would post about oil hitting $150 and celebrate the non-event that this is for UKOG. When the Ukraine folks are getting shelled and pounded into the ground.

Soulless ramping effort by a known paid promoter of UKOG.

Placing inbound (I've said it a few times, but nothing has changed my mind).
Spike alert, spike alert, whoooooppppp, whoooppppp, spike alert, spike alert.

When this drops it's gonna drop. Lack of cash, lack of profitable revenue, costs are well over benchmark. Rubbish CEO, rubbish assets. It's just playing the waiting game and having the sense to look elsewhere for a good target.

Definitely a leak in HMS UKOG. It's been sinking slowly into the murky waters of AIM for a long time. Alas, the captain is not going down with her, he's probably sunning his trotters in the Bahamas and wondering how many more years he can get away with the charade until he retires.

Stockraiser, UKOG SP in the next 4 weeks, probably where it is sat right now.
Time will catch up with SS soon enough, he knows that he's on borrowed time as he'll not get the cash needed for another major drill. So it's over to dead duck Turkey to fleece PI's via small time placings until he retires.

Is worth more than the so-called reserves in the ground at Loxley. I was able to get 58 litres for £98.
I don't think UKOG will be able to raise the equity to drill/test Loxley, the market has turned off to them. No chance of getting a placing away for £5m. So what options does that leave them with? Would there be a partner out there dumb enough to pay 50%+ of the costs for a share of production? LOL.

The reputation of the company is dead, the CEO is a large part of the reason for this. Failed drills with HH2z, BB and Turkey all show UKOG to be incompetent but also that they could probably sell sand to the Arabs.
Who's dumb enough to buy their smoked kippers?

Thus supporting my view that UKOG will be a non-entity come 2024. Cash flow from UK operations is a mess, overheads are too high, Turkey is a dead duck, and the market is unlikely to throw them the equity needed for another game of "hook the duck" at the SS fairground.

Yeah right.

The UKOG dream has been over for a few years now, it died with the failure at BB, that was supposed to be in the sweet spot for Kimmeridge in the entire Weald. HH just went on to prove that Kimmeridge is a sub-commercial play. Portland is not a company maker, its a small play reservoir which will water out very quickly. Loxley is a joke, everyone knows what it is, IoW same, and Turkey is the biggest joke in O&G exploration that I've ever seen.

UKOG is now left for what it is, a lifestyle company run by a lifestyle director who is happy to take the coin until retirement, nobody but nobody would touch him with a barge pole, he's unemployable.

LOL. Placing at 0.08p would mean an instant 35%+ loss, hardly a good time to buy in my opinion. Better wait for placing + 2 months if you fancy a lower profile risk with peanuts on the table.

A remark: if you are thinking of investing in UKOG, then go take a look at any of the recent interviews that the CEO has given. Good luck finding one, he's not done an interview for a long long time, doesn't do investor calls either. And the interviews he has done are paid/scripted by him and not asking the right questions. Huge red flag.

A chunky placing at a 20% discount trumps any chartist BS analysis. Each to their own though. I'm sure the TEO will be happy to see mugs buying into a dog of a company

2 Billion shares at 0.08p to raise £1.6million. That's enough to cover the UK overheads through 2022, but not sufficient to cover any further cash calls at Turkey, and certainly not sufficient to do anything at Loxley (£7m) or to do anything further at HH (HH2z injector, etc, etc).

Nope, SS only has ££££££'s thanks to PI's who think UKOG are an investment case. Great example of a lifestyle company.

SS resigns from his position, gifts his over-inflated salary from the last 3 years to charities supporting Ukraine?
or
SS sacked from role after being linked to Russian oligarchs who've paid him to mess up UKOG prospects in the UK
or
SS announces that he's going to come clean on all previous withheld data and news in relation to Horse Hill.
or
Maybe you were thinking that there might be something positive, such as AME have announced that they have flowed hydrocarbons to surface at B3-S and have sustained average daily flow rates of 25 bopd, which is on a par with their other assets in the locale.