Member Info for CynderLad

Just fed my neighbours dog some pedigree chum, it had turkey in it.
A dog's dinner of Turkey.
Remind you of anything?
Pedigree Chum, I'm sure that's what Sando calls the Chairman.

I see plenty of parallels.

Difference being, the dog enjoyed it's breakfast and then a walk. In the case of UKOG shareholders, its the PI that's been taken for a walk!

All in my opinion of course.

spike501, I have to disagree.
Wressle on it's ow provides revenue that UJO were sorely missing as a junior oiler. Profits from Wressle provide UJO with much needed income that will greatly reduce the need for future fund raises and with it the risk of endless dilution.

If you would like to compare UJO with UKOG in respect of the above point, then UKOG have had placing after placing (and CLN's) over the past few years, the dilution there is terrible for LTH'ers. That's exasperated by the UKOG assets providing insufficient cash into the coffers; they are running at a loss operationally and will be back to the market with further raises to cover the additional costs of Turkey, HH and Loxley (none of which would appear to be decent prospects in my opinion).

Now look at UJO; Wressle providing a significant cash injection in profitable income into the coffers, and then there is the royalty deal (which is due to be extended further). They have Wressle underpinning their operational costs and delivering a net profit at 500 bopd at a company level. WN as you say is the big prize, but I don't see UJO having to dilute shareholders into oblivion to continue their development into a mid-cap player. This is not an overnight journey, but they've just been given the security of Wressle underpinning their business plan.

A cracking day for the company and it paves the way nicely. Head over to UKOG if you want to see a junior oiler in complete distress and a CEO that draws comparisons with Dracula.

UJO are a solid option if you're looking for a junior oiler with decent assets, plenty of upside and imminent news. Compared to another UKOG (worst CEO on AIM + terrible assets), it's a simple case as to which to choose.

The Wressle update is dues any day, and I for one am happy to have a decent chunk invested here.

Of course, that's just my opinion. (apologies to any UKOG holders who may feel offended, but it's pretty obvious how far apart the companies are).

re-rate = works both ways, and with the worst CEO on AIM who doesn't do investor calls or interviews, hides bad news and is known to be a little keen with the jackanory approach, I'll stand by my prediction of this being 0.03p by this time next year.

Don't worry Ocelot, there are plenty of -5% and -10% days to come yet. The Loxley appeal will win through, that may even give you a +5% day (who knows). But a company with no assets and constant placings only goes one way I'm afraid.

All my opinion of course.

p.s. Turkey was dead before it even started. AME laughing all the way to the bank with some profits as they took a nice margin out of UKOG for the pointless drill. It was almost as if they intended to have to stop the drill short due to issues LOL...

Seismic would have only given them the justification to raise a small amount of cash, and it would have showed a very poor play to drill.

Turkey was dead before it started.

ibug, I doubt it will be Greenland or Iceland, but I do think SS has his sights set on Narnia. It'll fit in with his whole story telling MO. How long until SS retires? The answer will also tell you how long until UKOG are delisted. In my opinion of course.

P.S. I have Ozzy filtered, but I can see he is still here through people's replies to him... Ozzy, just for you. "TURKEY is DEAD". Again, that is my opinion, and you cannot call anyone a liar for their opinion!!!!

If you haven't realised by now, none of the Board have bought shares via the Director Share Purchase Plan. That's 2 months on the trot.

Not a surprise really as they did not uphold the previous announcement that they would take upto 50% reduction in salary as part of the Covid-19 cost reduction measures. The FD only took a 1% hit on salary, and SS was nowhere near the minimum % that they announced.

All members of the board are on the same gravy train, and there will be no action from any of them to take the measures that should be taken with the performances of the respective directors.

That's my view anyway, an opinion, let me know if you think their actions are defendable.

FYI. Turkey is dead! As I have stated from day 1!

HITS, I did that just yesterday.

SS earns ~£300k, most he'll put in per month is £2.5k, but I bet he goes with £0.
If he only goes 5%, (~£1.25k) then that's just as bad as putting in £0 and would send a massive red flag out.
Market expects them all to go 10%, but they'll not do it. There'll be some BS excuse that they throw out in a few months to cover the lack of buying.

Again, just my opinion. SS is the worst CEO on AIM. He looks ready for retirement based on what I saw of him in the Loxley hearing.

I wonder if he'll fess up on Twitter about his poor punt on UKOG expecting a Director Share Purchase RNS today? It may happen Monday, but like I said, if they don't all put in the full 10% then it's a clear statement that they don't rate their chances..

Have a nice weekend all.
C'mon the Lions.

Was the Director Share Plan a knee jerk reaction to the online campaign to have the board ousted? The timing of it makes it look like it was. Looks like the online campaign to have them ousted has been wound up. Maybe SS and his mates think that they are now safe from a EGM vote on their positions. The Turkey news was predicted by many who know SS and his MO and his taste for a punt on a previously tested and poor prospect. Seems that SS likes to bet against massive outside odds.

Turkey is dead, end of story. As I've called it time and time again. Of course, that is my opinion, and one cannot be said to be lying when expressing their opinion!

Adrian is posting like a good 'un because he now admits that he has £20k riding on his punt.
As I said earlier, if Sando only commits 5%, then the SP could and should fall. It needs to be 10%.
The short term punt for a quick profit is understandable, but with the rotten Turkey news and cash shortfalls to operate in the UK, then there will be another 1 or 2 placings this year. SP is going south between now and Xmas with a few spikes along the way. You have to be very fortunate to time a trade to make a profit.

Just my opinion of course. DYOR.

It's definitely Adrian, as his grammar and spelling is atrocious.

To correct, "If Sanderson ever gets off his ...." There are 2 f's in "off". Maybe you should think about Foxtrot Oscar and how you spell Off in that situation.

LOL
LOL
LOL

Watch that ticker now.

~£300k / 12 months = £25k, 5% to 10% of that will provide £1.25k to £2.5k. And IF Sando buys, then it would be the 5% given that he knows just how bad things are. If Sando does not go the full 10%, then you know the score and so will the market. A buy of 5% from Sando will see the SP fall as it doesn't take a mastermind to work out what that means.

Adrian, you would have been better off opening a CFD, if you could get one, just my opinion of course. But hey ho, you are accusing pboo of withholding pictures at WN, but are you yourself withholding pics/vids of tankers/flare at HH? You certainly will have been there a lot in the last 3 months, but posted close to diddly squat, wonder why!

ibug, you nailed it. There are plenty of downbeats who prey on the unresearched. Anyone who has spent 10+ hours reading UKOG results, RNS's and has any degree of acumen will see the painfully obvious situation that UKOG find themselves in.

Turkey is a dead drill, seismic will not improve matters. Do you think that AME sub-k'd the drill and pocketed a nice % of the cash that UKOG are stumping up. Feels like an easy 10% for them for didly squat. Cheers for all the fish as they may say.

LOL Ocelot. The funds will be forthcoming for Loxley will they? How much more dilution will that create then? But you still preach to buy at these cheap prices.

UKOG are already facing:
1) abandonment costs at BB.
2) HH2z conversion to water injector
3) Extra costs after the failed drill in Turkey. Remember that the $5m cap was only for the main drill not any contingency costs.
4) And now you are spouting about Loxley.

I am all for oil and gas, but I'm against ramping of a company that has zero success in drilling wells, is running a single production well at a loss (water disposal of 50bopd + other asset costs will eat all the profits of 100bopd oil). SO what you are left with is a company that has raised £80m and returned nothing to shareholders except a 90%+ loss for those who bought in and around 2018. But keep lining the CEO's pockets.

Keep an eye out for related party transactions in the next set of results. There may be a few surprises in there.

If UKOG are still operating come end of 2022, then there will be 30 billion shares in circulation, with my estimate being each having a value less than 0.05p.

Just my opinion, as ever. But only the worst of the worst ramper could paint UKOG as a solid investment option.

SP heading towards 0.05p in my opinion. Just my opinion of course. If I could short UKOG, then I would.

Vonk (previously of ANGS)
Sando
Lenigas
Bramhill

Attributes:
1) Invested
2) Does Interviews
3) Does investor calls
4) Issues timely updates
5) Cringeworthy soundbites

Prep a deck up. Have fun.

Vonk vs Sando. Discuss....

Vonk was lying to the market and to shareholders when making the claims about Balcombe. The company has since come clean on the expectations for Balcombe.

Sando on the other hand.....

I'd not trust him to run a lemonade stand.

CEO not invested, refuses to do interviews and refuses to do investors sessions = RED FLAG * 3