Member Info for CynderLad

I'm ignoring the nonsense that some here post on Twitter that preaches how on-shore O&G production by the likes of UJO can help fix the Cost of Living crisis and surging fuel bills.

Simple facts, the O&G markets are global, if UJO can produce and sell O&G, then they will sell at the market spot rate that is subject to global factors. They will not sell O&G on the cheap for the benefit of the UK market.

Furthermore, make no mistake, UJO cannot make any sizeable dent in the O&G requirements of the UK as a nation. The output is tiny by comparison to our daily needs. I'd all for changing the planning process and centralising decision making powers, county councillors should not be given any say on the matter; BUT, that will not resolve the cost of living crisis.

To solve cost of living, we need a number of UK and global matters to be addressed, including but not limited to the following:
1) Get rid of VAT on fuel bills
2) Get rid of the green tariffs on energy suppliers
3) Stability and de-escalation of issues with Russia and Ukraine
4) Increase in output by OPEC+
5) Retention of existing price cap on fuel companies (incredibly important)
6) Scrap the increase in NI, which will never ever be reduced back to it's current level
7) Massive trade tariffs on China and India, we need to deliver UK goods to the UK market with UK labour force, stop that ever worsening trade deficit issue.

Plenty of other issues to include, I do think that the supermarkets need to be reigned in, they are charging silly money for essential goods and inflation on some of those goods is ridiculous.

Agreed isdeer, the sentiment is very weak at present.

WN was a big let down for many investors, just as it was for the company. But not all is lost there, we've all seen the news about the potential that a horizontal well could deliver, I do hope that they get on with that later in 2022 or early 2023, but these things rarely move quicker than snail pace. And yes, I would like to see UJO contribute on the cash calls for that, I think it is absolutely essential that they remain in WN.

There are other issues, not least with LCC, who will get done for legal costs for the appeal. LCC have not a leg to stand on, it's really nothing more than their councillors keeping their local folks voting for them, few councillors would back anything that delivers fossil fuels on-shore in the UK. It should be taken out of their hands in a complete revamp of the planning process.

Wressle continues to exceed expectations, the cash flow and profit is already to stack up in the bank.

For me the question is how long until they get into the other layers at Wressle? would they drill a 2nd well to get to those layers? It's a big cash call and I'm sure that they are weighing up several approaches to further develop that site to deliver maximum returns.

My biggest hope for this next 11 months is that UJO do not buy further royalty stakes, I'd like to see them commit to a stock buy-back scheme, with regular lumps every month, a commitment of ~£200k / month would certainly see the investors rewarded. I'm not that keen on Divi's, I'd rather see stock buy-back as a longer term boost to the SP.

- all in my opinion of course -

SS doesn't need seismic, he has an old pocket watch and a crystal ball. He learned some skills from an old French chap who could detect water even when drunk.

SS planning a trip to Turkey, hoping that AME have a license to bottle and sell the water that they'll produce.

Wait, you didn't think that SS could find oil did you? He's not found commercial oil in any of the UKOG drills (all 3 of them, HH2z, BB, Turkey).

I'd avoid buying UKOG bottled water though, it'll probably be 4 times the cost it should be, which in itself is a reflection of the salaries of those on the board.

*Maybe you should expect ALL drills to use proper data before they use PI's cash and huge dilution. That would be my expectation too, but SS knows best doesn't he, and the rampers here will tell you that he's as good as Boris J is as PM.

- all in my opinion of course -

By mid Feb latest.
But if that Placing drops soon, then this is going to 0.07p at the drop of a hat.
SS will not give two hoots, he only has 2 million shares, barely 2 days pay for him.

every time he gets a new account here.

Just look at the drop, now sub 0.1p again. Next stop 0.07p.

The ramp squad better hope for a placing sooner rather than later as the impact on the SP will be more significant as the SP continues to fall.

FOTH bought in at 0.18p and 0.14p. Remember seeing him on Twitter getting annoyed by directors who had refused to buy in.

Talking of director buying. Looks like SS has decided against buying in Jan despite the RNS last month. Seems that he is now breaking obligations that have been formally logged by way of RNS. But hey, what changes?

- all in my opinion of course, except the bit about FOTH who does tend to drive the SP down, maybe he should go short -

............. nope!
Sando has decided its best to withhold that key information from the market and from PI's.
Now why would he do that?
Why haven't they comingled Portland and Kimmeridge as per the RNS?
Why haven't they produced dry oil in larger volumes from the Kimmeridge, and instead favour water cut and low oil from the Portland?
There's a reason, and the lack of news and updates shows their hand.

Kimmeridge is dead, just as the Turkey drill is.
Portland, they probably fear a prolonged shut-in.

This is boat control to Sando, your time is up.

- all in my opinion, the silence is deafening -

Wizard, would you like to share your views on how much cash UKOG have left and how short they are for the rest of 2022 to cover Loxley, HH2z, Turkey? Go on, share your calculations and views on funding!

p.s. SS needs more than a bit of "magic", but I'm sure you'll conjure something up to warm the ****les of the heavily underwater LTHers who still buy the drivel posted on here about the Bahamas and Lambos. 10p next week?

Is Sando having issues getting his "mates" to help them out with a placing? Can they get the volume needed to secure the usual 15% profit? Is the forward selling not going to plan, so holding back on what they may be expected to bring in? SP heading to 0.07p by mid Feb in my opinion.

- in my opinion! -

The major players in the Gov aren't interested in the energy crisis right now, wait until there's enough £££ it for them and they'll feed on it like sharks on a dead whale. Just wait for the energy price cap to be increased, it's going to get a lot worse for a lot of people.

Solid RNS this morning. Makes for very good reading. What are we expecting next? A revised plan for WN with focus on sidetrack + horizontal? Wouldn't cost a fortune and may well give the results that were expected, I'd like to see them get back there this year and do it. UJO have plenty of cash in the bank, a very healthy profitable cashflow and low overheads. So get back to that prospect and make it happen.

Alternatively/additionally, I'd really love to see UJO buy back £250k chunks of stock every 6 to 8 weeks. Give PI's some well deserved uplift in their holdings. No need to spend that cash on royalty deals. Get that cash working for the shareholders in the short-term. Business is business, time to reward the PI's.

On this occasion, I agree with Ian12. Comparing BP and UKOG is pathetic, after all BP are a proper oil company producing many many millions of barrels of oil each year, whereas UKOG is a lifestyle company with oil production insufficient to stock my local petrol station, but sufficient water to keep my local duck pond topped up during a drought.

- all in my opinion of course -

Oil will break through $100 by Easter, I think it's a safe bet.
That's great news for those producing in decent volumes.

Headache for UKOG is that they produce < 100 bopd, have huge overheads in staff costs, and have water treatment/disposal costs too.

That's made worse by the fact that they need huge amounts of cash for Loxley (£6mm minimum), and cash calls for HH2z workover/conversion to injector, and cash calls for the dead duck that is Turkey (why throw more money at it?).

A few billion more shares to come in the next 6 months.

- all in my opinion -

UKOG need cash. They cannot afford further calls in Turkey, Loxley or HH without cash.

SS will want his salary paid as top priority, all other considerations secondary, shareholders expendable.

They do stand to get some cash soon when they win the appeal against SCC, but that'll only be their legal costs and not a penny more. How much? £400k? Who knows?

- all in my opinion of course -

Leewayne.

I have had to report you to the admins. I don't like to do such things, but your defamatory remarks are worthy of a permanent ban.

Hang your head in shame.

Resorting to such insults on a share chat board! Disgraceful.

I've also put you straight into my filter bin, which is where idiots like you firmly belong.

How can you claim that I am a liar when I am providing a comment that is clearly marked as "in my opinion".
Am I not entitled to an opinion?
Can you claim that anyone with an opinion is a liar when that opinion is later shown to be wrong.

I would allow you to claim that my opinion was shown to be wrong.

If you take that approach, then would you also accept that the opinion of FOTH is also wrong? Or would you say that he is a liar for getting the production numbers at HH wrong?

Would you also call TH2, Tymers, Ocelot, and the rest of the ramp crew "liars" for their daft claims about the SP being much higher than it's position of this time last year?

As for "your" opinion, you can think what you like, no issues on my part, and I'll not call you a liar for simply having an opinion.

p.s. Custard is thick, that we can agree upon. But it's not as thick as the folks who think UKOG are doing great and that SS is a wonderful CEO.

- All in my "OPINION" -

I just put TH2 into the filter bin. He's worse than the Tory front-bench defending Boris when his position is untenable.
TH2 seems to defend UKOG despite their performance and despite them having the worst CEO I've ever come across.

Ocelot is almost certainly a paid resource, probably a 3rd party that is paid for low-level publicity.

Note how Ocelot modus operandi is to post general oil sector news. He/she does this is preference to being drawn on UKOG specifics.

It's a sweet deal for UKOG as they don't have to show who they do business with unless its a related party transaction or a significant business transaction (e.g. PW).

Wonder how much UKOG would pay for such a service? Would it be as much as £2k / month? Have they ever shown any payment or relation with a marketing/PR company?

- all in my opinion of course -

But, it is coming sooner rather than later. I have UKOG down to their last £400k, which will only give them until end of March to cover their operational losses.

Each to their own, do your own math.

You have to wonder why the CEO has not given an operational update given that we are now 2 full weeks into the New Year, for me that is strange. Operational update + Cash position is certainly overdue, and there is a reason for that, and in my opinion it makes for very bad reading.

- Of course the above is my own opinion based on my own calculations -

Stockraiser are you a registered Financial Advisor? LOL. Dishing out advice like that below. Each of those stocks have lost considerable value in the last 12 months, so why do you think each will provide a good investment in the next 12 months.

ANGS - I get that, there is a good upside story with Saltfleetby.
UJO - I get that, Wressle production with significant revenues that make the company cashflow positive.
UKOG - Nothing but cash calls and losses, high risk exploration efforts.
ALBA - hmm, not so sure
GUN - same again, but not really researched them

- The above is my opinion, I'm not a financial advisor -
- I do hold UJO and ANGS, sat on a small loss on each right now -

And I called Turkey out as being a dead duck. Guess it's the result that matters more so than the performance.

How's that $5mm "capped" spend going in Turkey, what a waste of cash.

That cash could have gone towards HH2z water injection work-over, or towards Loxley, or towards covering 2022 overheads, but instead it was wasted on an ill-informed drill in a dead play.

So Shareholders are now looking forward to another placing with further 15%+ dilution of their holdings to pay for the lifestyler directors. The rest is just a circus to deflect and confuse.

As for updates, what's happening with the Kimmeridge. Someone please tell us why the CEO has not delivered on the promise to comingle production from Portland/Kimmeridge.