Member Info for CynderLad

Let's hope that when UKOG fold that the council go after Sando personally and make HIM pay for the P&A at BB. He should be found liable, after all he wasted over £100 million on SFA and has nothing left but a lease on a cabbage field and a small cheese cavern.

Just put Ian on filter, its what the rest of us grown-ups have done months ago. He's a loopy one, from the same cell block as that nutter Adrian.

No bargains to be had here. It's the usual RED Friday.

Only bargain is the salary that SS is drawing from the company.

Let's check that Salary position, would a brand new start-up junior O&G company with no revenue stream and a cheese cavern be worthy of a salary that is afforded to SS? Nope. I'd expect a CEO of a tiny company (that should have 3 staff at most) to be paid somewhere south of £75k pa.

UKOG are truly paying salaries that are well above market value for where they are, shareholders should be demanding that the board review the staffing levels and downgrading the remuneration to the execs.

Sando is also in contact with a pretty decent pensions advisor, seems that he needs an extra 5 months salary, get to end of March 2025, then retire.

Scamderson is doing his best to look after no 1, he's not long now until retirement, just topping up the "pina colada" account ready for that really hard earned 6 month holiday in the Bahamas.

Company has no news, no means of generating revenue.

Huge operational losses and crazy salary overheads.

So, no way of avoiding the need for more placings, I cannot believe that the last placing was not forward sold over a period of 2 to 3 months. No way a finance partner takes a risk with this dog.

Sub 0.01 by Easter if the company hasn't folded by then.

UKOG have yet to convert HH2z into water injection use. LMAO.... Maybe now they will "fess up" to HH being a dead duck commercially.

SS will soon sell off the production kit, he must have put the feelers out for bids, he must be amazed to have got £500k placing away to pay their salaries up until Easter.

As for Shareholder meetings, why would a CEO want to meet and chat with the OWNERS of the company that EMPLOYS him!!!!

Probably an empty 2l Coca Cola bottle, other brands are available.

£499,998 to go to Director Salaries.

50p to Ocelot

£1.50p to the local SPAR for the bottle

SS managed to get that placing away. My calculations were correct, the company would have folded before Xmas without that cash.

Well, only the fools buy this stock. You've now bankrolled SS for another 3 -4 months of salary. He will now remain CEO until Easter. Then you can expect another placing to PAY for HIS SALARY.

They will not spend more than £1 on H2 storage, thus meaning that SS is not lying, they will spend on H2 storage, but it will be £1 not £500k. The £499,999 balance will be paid in salaries.

Just wait for the accounts to land. Oh, and if you expect UKOG to post pictures on Twitter/X of this imaginary storage, then you would be a fool. Just like they didn't post a picture of the 1 acre cabbage field that they have a 12 month lease on.

He belongs in prison!

Only thing getting topped up is Sando's pension fund. Muppet

Hold for gold.

Unfortunately, he's going to consume all the cash that's left, not much now and then the company will fold. SS probably looking to squeeze it out to March, shutting HH down will help as they were losing cash galore there.

You can bet your last dollar that SS will have zero spend with any outside agencies now, all that cash gets poured into the salary payments to him and his chums.

My calcs suggest that SS will not make it to Xmas without further placings, time will tell.

A matter for debate. Light at the end of the tunnel, if it's not a train, then it's just a matter of time before the MCAP steps up a level or 10. I'm staying put. Holding.

It's gone dits'up. That's why maiditup is always wrong.

Show us the cash balance Mr CEO. Oh dear, it really is that bad isn't it. OUCH!

LMAO.

Maybe SS will now look to develop some wind farm and solar projects. He has a £100 lease on a 1 acre cabbage field that he could use as a starter for 10 (i.e. 10 solar panels). UKOG could quickly ramp up to supply a peak of 5KwH in mid summer, reaping £5 per day in export sales...

As said before. HH is not worth £1. The future production is severely impaired by the P&A costs. OUCH !!!

As for Loxley, whilst it remains undrilled, then it's value is £0. If they drill it, then the value becomes NEGATIVE as there is no commercial gas there and someone would have to pay for P&A.

As for BB, yep, more P&A costs, no value.

As for the cheese cavern in Dorset and the 12 month lease on the cabbage field, well, I'd put a higher value on 1KG of Cheddar and a bag of shredded cabbage from M&S!!!

So, UKOG's value, well, let's say it's below zero and once the cash is gone, it's time to fold and then the tax payer has to pick up the costs whilst SS retires with a huge grin on his grubby face.

BP will not be trying to promote a cheese cavern or a 12 month lease on a cabbage field as a viable asset.

PLUS, BP have loads of capital investment options with a Board of Directors that operate ethically and in the interests of shareholders.

Why SS, why????

C'mon, put the big boy pants on and do what you are employed by shareholders to do!!!!

Cowardice is an issue with the Board of Directors, they know that the CEO and Chairman should be fired! Where's the governance standards!!!

Counting down the days until SS tried to get a placing away.

Keeping an eye on Twitter for the pump, SS can' be bovvered about updating the market via RNS. He's too busy working out if the Trump win means he can retire in Feb or April 2025.