Member Info for CynderLad

Dust is dust and there is plenty of it in Basur. AME allowed UKOG to take PI's for a walk, that walk has now been extended. PI's taken to the cleaners yet again.

Got into OEX a couple of weeks ago. Making decent numbers there. Had to take a small loss on my small investment here, and I hate to admit this, but I got it wrong to double up on UJO. Bad timing by me. I'll revisit in a few weeks/months as there is a decent prospect of UJO making some serious progress.

As said before, do NOT trust the person here who posts meme based nonsense on Twitter. She is a horrid ramper with a terrible track record of losses on junior oilers.

- all in my opinion of course, good luck to those who remain invested, catch up later this year -

What is stopping SOU from taking 30% of ANGS shares right now? They get them a lot cheaper than they would through an offer. Then once they have the 30% they can make a formal offer for the rest, and with 30% it would be voted through unless a lot of sleep PIs wake up and vote against it.

Do you think SS is bothered? He gets paid regardless, it's like the mafia in Goodfellas when they take over the restaurant and use it to launder money. The fact that the restaurant had lost all it's customers and could not pay it's suppliers was by the by, they still had to pay the Goodfellas their weekly protection.

SS probably on a beach in the Caribbean, so don't expect him to be providing any updates, taking interviews or speaking with shareholders. I mean come on, that's just too much to ask of a CEO right?

"Oh, the additional £350 Million a week for the NHS was supplied in the first post-Brexit budget by Theresa May..."

Don't make me laugh. That's a load of boloney and you know it. What next, will you claim that the levelling up programme is all new cash and then also claim that we are getting 40 "new" hospitals. Be careful, Boris and his mates are great at using a few keywords to hide the real truth (e.g. in early stages of Covid in 2020, "we are heading into the delay phase" (they did not have any policies or restrictions, it was a facade for them delaying introduction of policy/restrictions).

Your other points, yes I take your feedback on board. But I have to disagree on a number of the points made.

Getting rid of VAT on fuel bills was a prime component of the BREXIT marketing machine. Indeed, Boris pledged to scrap it, and he used the line of "it was introduce in 1993 by the EU" as a direct slant on the EU and one of the many benefits Brexit would deliver. But here we are a couple of years later and the VAT is still there on the fuel bills, O&G companies are making an absolute killing as are banks. I garner from your posts over the last few months that you have close ties to the O&G sector and probably work there in a middle management position of some sorts.

Tory are only going to give some short term relief to band A-C council tax payers, whilst their O&G and banker donor mates get richer. I'll not change my view on that.

All the above has little to do with UKOG, as they'll never make an operating profit. Lifestylers will lifestyle.

I thought he had headed off to Thailand for a cheap op. Is he Adrian or Adrianna?

Come on, they must be running night and day. Or did they get hooked up to the secret pipeline?

Howey1927, I'll take that bet! Technically I could argue that I have already won. After all SFB is not new , it's "first gas" was many moons ago.

ANGS under LL have a history of slow delivery and of underestimating costs. Will it they gas before the Jubilee? Will they get gas at all? They are up for sale and it could end up being the new owners who report the reestablishment of gas production.

It's a busted flush.
HH could be decent for the short to medium term, but only if UK operational overheads where trimmed to a small team and current BOD kicked into the long grass
Turkey is a dead duck.
IoW is a dead duck.
Loxley is a dead duck.
BB = abandonment costs
Geothermal = laughing stock

There is no way back, too much confetti.

and despite the ridiculous profits being made by the large O&G players, our shocking government led by a drip who brushes his hair with a balloon, well what do they do, they raise NI by 1.25% for those working. They should be taxing these big players and whilst they are at it they should also be taxing the banks. But no, let's not bother with that fair taxation on those two pro Tory industries where Tory donors and mates work, lets tax the working family instead.

What an absolute shambles.

Meanwhile in Norway, the state owned O&G are making record profits. Bearing in mind that they generate most of their electricity through hydro-power and very little dependence on gas, their domestic fuel bills are protected. We give Norway an easy ride, and where's our trade deal post-brexit?

Talking post-brexit, where is the drop in VAT that was promised, and where is that £350m a week for the NHS?

SS is probably sunning himself in the Caribbean, trotters up, pina colada in hand. As he's clearly not working a proper day job. I'm sure he interprets the CEO role as being Caribbean Extravaganza Opportunity.

Come on SS, get off your salmon slacked behind and give the market a proper update. How long until the company folds and are you taking early retirement?

- all in my opinion of course -

Tranquillo,

I have answered this question before.

I remain interested because I think that with a different board in place and with an honest CEO, it could be a decent little company. Alas, there is but a glimmer of hope, and much of that depends on a complete restructure of the company, getting shot of the overpaid execs, and putting someone with a wholehearted allegiance to shareholders into the top role.

The licence areas are what they are, unfortunately, the past projects, strategy and results are all reflective of a board that are as clued up as a headless chicken. The venture into Turkey is yet another example of that, big cash raise, hue dilution, to fund a drill in a dead duck play.

Get shot of the board, get shot of the CEO, reduce the staff costs, do away with IoW and Loxley, focus on HH and turning the company to one of loss into one of profit. I'm all for onshore O&G exploration, development and production; but I am dead against lifestyle CEO's that cower from the basic questions, dodge interviews and provide half-truths in RNS's, and fail in their obligations to deliver against RNSs.

Is that sufficient for you? I'd love nothing more than to invest in another on-shore O&G player, but it has to be run properly and has to have a decent strategy and then deliver on that strategy.

I am invested in ANGS (short-term for SFB / potential sale), UJO (but starting to sell out) and OEX (Cambay field re-start with huge volumes of gas). I do not live in Surrey, I'm not a NIMBY, I'm not a Green.

So, do feel free to copy and paste the above into a file and save it on your PC. Then you can revisit it any time you like.

2nd Feb is that special day of the year where people are required to ready and try to give two hoots about what the curtain salesman has to say. Just remember it pays to be kind, so no questions such as the following:
1) Why do you defend a known bully who lies at every turn, is this also bonded with a love of Boris, and do you have a poster of him on your wall?
2) Why has SS not given an update on the Kimmeridge at HH, is it because it is a dead play or did they screw the well up?
3) How much cash do UKOG need to raise via placings in 2022, assuming that Loxley comes off and is planned for Q4?
4) How much do you really think the Basur-3 well could deliver if they ever get it into an oil play and would you be happy with 50% of 50 bopd for the $5mm cash call?
5) Is Loxley really worthwhile given the 2 previous drills in very close proximity provided zero business case for further exploration there by larger O&G players who know what they are doing and are not running a lifestyle company?
6) Will you be ambushed by cake at some point today as your neighbours flood to your place and raise a glass to your hatred of oil investors in the North-east (p.s. don't tell them that you love UKOG).

Happy Pboo national awareness everyone.

- all in my opinion of course, and the above is a mix of measured debate and discussion with a hint of smeg -

Tranquillo, why does rice taste the way it does? Try to move on. If you are that bothered, then filter me.
I've given a reasonable answer. Enough said.

https://data-ogauthority.opendata.arcgis.com/pages/production

Cannot hide the truth Salmon Slacks.

tick tock.

News coming soon, maybe today, maybe tomorrow, this week or next. It's not far away. I'm in and enjoying the ride. The MM's know it's coming, PI's know it's coming. Just a case of what news and how big that news is.

- all in my opinion -

Tranquillo, the bigger question is.... Despite my posts here, why do you not debate and provide answers to the questions posted? Why do you not give your opinion on the questions/matters I raise?

Ian12 in the filter bin. You cannot stick to debate and I value my time reading debate rather than abusive posts.
Enjoy playing to the big top.

I trade this stock a few times a year, it's been an excellent trading stock for a few years now. Can't hit the dips all the time or the peaks either, and I often sell way too early. But this stock stays on my shortlist of top stocks.

- all in my opinion of course -

Glad I sold a chunk of this and bought into OEX last week.

UJO now on a go slow, I'm not staying here when others have huge news due soon.

- All in my opinion of course -

They are moving forward, that's all you can ask at this stage. And I disagree with the folks that say much of the kit is second hand. There is plenty of new kit and that will carry a premium to manufacture.