Member Info for CynderLad

Um, looks like only 1 of those tankers was for Crude. Could not see any Crude signage on the first one past the dipstick filming them.

Just came up on my web-site status change tracking app.
So the guy that was running the campaign to oust the board has been getting plenty of support.
I may just have to buy £10 worth again so that I can lend my voice to the cause.

Action needed:
Fire the board.
Consolidate the workforce.
Abandon plans for IoW and Loxley.
Give clarity on HH and share data/updates.
Accept that they need to plug and abandon BB.
Pull out of Turkey.
Focus on incremental changes at HH to reduce costs.
Consolidate the shares:100 for 1
Then scout for some better partnership options.
If that all fails, then draw out a plan to de-list and then P&A HH and then company closure.
Stop the Lifestyle operations and get real!

Ibug,

I back your math 100%. 2 weeks downtime would indeed see production drop to 45 bopd as a monthly average.

But then again, not everyone is smarter than the average bear.

The Blackhorse Badger drinking dipstick is certainly a candidate as being the last in the queue when brains were being handed out.

That reality is not far away. will soo drop below 50 bopd, then there will be shut-ins.
I'll call it now. the dipsticks that waste their time up the footpath and drink Badgers will soon be lucky to spot 1 Crude tanker a week. In fact, they'll likely see as many waste tankers as they do crude tankers.

HH is on is knees, even with Brent where it is, the asset is losing money hand over fist.

UKOG are really in dire straights with cashflow, so get ready for the placing that SS will try to land in the next few weeks. Mid-Jan latest by by reckoning, and no I'm not going to share my Excel file. Go do your own math and make sure you use a sharp pencil. I'm predicting a £1.5mm placing just to keep the lights on for 2022, and that does not cover the additional costs in dead duck Turkey, the drilling at Loxley, the HH2z workover, or any appeals for IoW.

I reckon SS likes a white Xmas, so prepare to see confetti snow thrown from the rooftops soon.

All in my opinion of course.

The old rhyme that Mirasol posted; surely that's enough to make people throw up in their laps.
One sure fire sign of a ramper who's fallen in love with a share, poetry. The one who's name rhymes with "cried" should be blocked by all, really should be banned

0.09s v soon. Then it could well be a free fall to 0.07 then 0.04.
HH was their only real hope of delivering an asset with any tangible value, but its clearly declining and will soon need to have regular shut-ins to maintain production. I can see HH being shut-in P&A'd in 2023. 2023 is the likely timeframe for company to delist; wonder how many staff will still be on the books come then.
How will UKOG get a placing away for the £5mm for Loxley and £3mm to cover additional dead duck Turkey costs / company overheads for 2022? By my reckoning they need £3mm just to make it through 2022 and a further £5mm to progress Loxley.

Writing is on the wall.

Blackhorse Badger drinking dipstick, you should've invested in Badgers, don't give up your day job of putting new stickers on fire extinguishers!

All in my opinion of course. My Xmas pledge: I'll not bother posting on UKOG come 1st Jan 2022.

Wonder if SS will provide an update outside of interim and full year results? Terrible CEO.

LSE need to add a verification step in their new user account setup process. New user has to specify a phone number to which an SMS is sent with a one time code for initial setup.
Then they can create a blacklist and put the fruitloop Blackhorse Badger drinking dipstick on it.

French Foreign Legion would be better, ne pas?

Just look at that sea of Blue. Wow, huge trades. Someone's loading up. Get your Xmas bonus. etc, etc, etc.

Yes, I'm being a cynic.

SP is heading into the 0.09's v soon. SS not bothered though is he. Got his Goose in the freezer ready for Xmas, he just needs some oil to cook it now, eggcup in Turkey?

LOL. UKOG trying to deceive? What no, they'd never do that would they.

Penguins,

Shooting seismic is one thing. However, they did "attempt" to drill Basur-3, how far did they get before having to abandon that drill, did they reach the target depth or not? Did they not then log the well? Would logging the well not give them the necessary insights for a sidetrack and targets? Is the seismic just a smoke screen to delay the next stages of Turkey (or dead duck as I refer to it)?

I can draw but one conclusion. Ocelot is a paid ramper or an employee of UKOG. There is no way on this planet that a well researched PI would make such claims about Turkey. $15 costs is by the by. The issue is that there is no oil, no seismic, and surrounding plays deliver <50 bopd per well with a very steep decline. Transformational it is not, unless you are the CEO, in which case the funds from PI's go a long way to cover his next couple of years as he "works" to retirement.

All in my opinion of course.

Speaking of CEO's, where is he? When is the last time he did a proper interview and answered the clear and obvious questions? Clearly doesn't give two hoots about Shareholders (i.e. owners) and the Chairman is too weak to do what is necessary.

How's that SP looking today then? Cheap entry point? Or is it another red day as the SP slowly slides to sub 0.1p then 0.07p then 0.04p, then de-listing?

Just my opinion of course, but some companies are nothing more than retirement vehicles.

It's like an LSE equivalent of Being John Malkovich. Watching the same idiot pop up each week with a new identity.

How's that trade working for you Adrian? Did you not learn how to sell at a loss yet?

Adrian, aka Densil,

No I have not been in the naughty chair on the weekend. Check my posting history. I do not do LSE weekends.

Weekdays are for working, weekends are for fun. Only sad folks post weekends in my opinion, but it take a special breed of idiot to setup a new account every week to post like you do.

Naughty step, did they have one in the school that you went to? Of course, you did not see out secondary school did you.

And another day as SS counts his cash and ignores shareholder calls for a proper operational update on both HH and Turkey.

I think the new SA Covid variant may delay UKOG entering into the market in Africa.
Heard that the new CFO has a cunning business plan involving eggnog and solar powered confetti printing machines.

I would like SS to Scrooge, but with a twist in the tale.

1) Ghost of UKOG past : visited SS and showed him just how terrible the past results were.
2) Ghost of UKOG present : visited SS and showed him just how much confetti was in issue and that the SP was on its knees
3) Ghost of UKOG future : visited SS and showed him how he retired early after the company delisted

Unfortunately, in this tale, SS was quite content with the outcome and he lived happily ever after

The end.

Tune in this time next week for SS as the Grinch.

I don't know what "she" posted, I don't care what she posted. I have "her" blocked. Suggest others consider their own stances, I for one block uber-rampers that only focus on positives and ignore harsh realities.

The issue with the plonker who I have blocked, to whom you refer, rhymes with "ride" is that she is trying to use global headlines and market factors to justify why UJO is such great value at these levels.

The SP is ~5% impacted by those global factors, the other 95% is all their own making. With WN being a flat out failure and Wressle updates lacking, then it's easy to see why UJO has bombed over the last couple of months.

Until that CPR for Wressle is produced and unless that CPR has a significant uplift in recoverable resources, then the UJO SP is going to continue to falter.

The company is not a dead duck, if you want an example of a similar junior oiler that's on it's way out, then go look at UKOG. A company that is bleeding PI's dry until the CEO retires, then the company will delist.

All in my opinion of course. But do yourselves a favour, block the numpty, life is so much sweeter without having to view her trash posts.