Member Info for CynderLad

If the wells in Turkey are that good, then AME would not be looking for a partner to put the cash up, simples.
AME are providing all the labour and equipment for the drill, but UKOG are providing all the cash.
There are plenty of dusters in AME's history of drilling, and a few decent wells too. Lack of info on long term rates is the issue.
I'm sure everyone will go bananas if AME report initial rates of 1000+ bopd. But what happens if it's a duster?
If it is 1000 bopd, then how long does that rate last for?

Personally, if I were drilling in a location which my own field experts believe to be an edge play, then I'd be looking to do it using someone else's money.

The 10%'ers have finished their sell off for the most part. Those who got in around 0.12p and sold for anything above 0.135p will be quite happy.

Did I get the "just wait for the 10%'ers to dump" call correct? I'd argue that I did.

p.s. If you think I am XR, then go look at my posting history about Ms Finch, or you can look at my posts about SCC. You'll see that I am a supporter of "local oil and gas" production in the UK.

Love the green box and filter message :-)
How is that SP going? 10%'ers look like they've taken their profits ahead of a long weekend.

Ozzy,
Your posting is pure abuse. Nothing more, nothing less.
You don't provide any discussion, no facts, no reasoned debate.
I've reported you and hope that you are banned from this platform.
However, you can now rest easy, as I've put you in the Filter bin, where you belong. So you can reflect on that, knowing that any effort you take in a response to me directly is now completely pointless and a waste of energy.

Good bye!

AME are requiring more than just the initial instalment for the Turkey drill. So yes, unless UKOG stump up the cash in the next instalment, then the deal is off.

AME will take cash and move some soil around and chuck some chippings on an access track. That's cheap work.

As I've said already, and it is my opinion, UKOG do not have the cash required to meet the commitments in Turkey. See my posts below, "PI's cannot fully evaluate the cash burn rate without the annual accounts. But you can look at the previous burn rate and work out that UKOG are getting rather low on cash. My estimate is that they have less than £1.2m, but it could be lower. I cannot state that to be a fact, as it is researched/engineered within Excel by me and is not a public record. e.g. Not knowing whether SS took a 20% or 50% pay cut (or somewhere in between) is a factor in knowing what the actual burn rate is. I am speculating and in my model I took a figure of 35% (I take the middle ground on all calculations of that nature)."

Now, you can read, so go read the RNS where SS talks about the cash needed for the first drill in Turkey, then you can see the shortfall.

If I'm wrong, then I'm wrong, I'll stick my opinion out there, and let time prove it wrong or prove me right.

i.e. large group manual spoofing efforts. For an individual to spoof a stock is completely illegal, but for a large group to each place dummy trades and then collectively spoof a stock is not illegal.

Want to know more, go read about Navinder Singh Sarao. He managed to wipe billions off the value of companies in the US back in 2010, creating a flash crash.

These smaller companies listed on AIM are a prime candidate for mass group spoofing. Enough said.

The 10%'ers are dumping.

I wonder how many closed Twitter and Facebook groups are out there?

I'm asking the question, not providing a speculative answer.

I wonder if a large group were all putting in dummy buys, what would the MM reaction be? We all know about the case of the kiddie in Slough who wrote his own application to place huge volumes of dummy buys to push up the SP to aid his dealing objectives.

Wonder if these large groups are working in collaboration on something similar?

Then comes the placing, it will land before end of April. AME will require the cash off UKOG, the delay in annual accounts from UKOG is convenient as they don't want PI's to know the burn rate, we know the income is pretty weak and burn is high.

They do not have the cash required by AME, and unless that is forthcoming, then Turkey is off. AME will not fund the drill themselves (because they know the field well already).

I'm predicting a placing for £2.5m to £3.5m. That will only cover the drill of the first well in Turkey.

The 10%'ers will start taking their little profit before close today, then it's a case of Spike / Placement timing. Careful trading peeps.

p.s. Silent Steve, the CEO doesn't mind one bit, he has no shares in this company. He'll get his pay cheque and bonus. I wonder if his bonus has already been paid (end of March), and it'll be disclosed in the filings come end of April (if they do indeed file before the 30th April).

FOTH was there, it's on his Twitter feed. 2 tankers today. The "olde Texas Placing Pump Tanker Trick" as I like to call it.

2 tankers today according to Twitter. We've seen that pattern before, many times.
SP has a nice jump, gets a few more PI's salivating at a quick flip.
*** Sando then drops the placing. Happy days, that's his pay cheque and bonus fund topped up.

Fool me once, shame on you.
Fool me twice, shame on me.

It's five stops after Cookoo village. Conductor Ozzy is probably walking the carriages to make sure that you all have your tickets, if not then trullhinter will be called to throw you off the train (careful though, as it's in reverse and you need to jump the right way).

I'm not bothered by you creating new accounts to backfill old banned accounts on Twitter. But it does make me laugh that you use the term "ect" in your posts. It's "etc" not "ect", and it is short for "Et cetera", which is a Latin term that translates to "and so on" or "and so forth" (etc, etc, etc).

So if you do get banned again on Twitter, then make an attempt to correct the obvious flaws in your tags. LOOOOL

p.s. I still doubt that you are posting everything that you see at site, and the Eyes appear to be very quiet, maybe they have formed a closed group. Who knows, who cares, etc, etc...

Yes Ibug, and given that the data is 3 months late, then why has Silent Steve not issued an RNS with a proper operational update. It's certainly not "dry oil" any longer, and the water cut is a clear issue. Still no update on HH2z injection conversion timetable or cash position. How could any sensible PI consider investing without being given proper insight into the operational status? Its pure guess work when it shouldn't be, especially given that the HH1 well is in "production".

See questions 1, 2, 3, 4, 6, 7, 9 and 10 below. Silent Steve may continue to refuse interviews, but in the annual filings he would be expected to provide some fundamental updates on each of those questions. Delaying the accounts is a clear sign that he intends to delay the delivery of the bad news, yet again proving my point that the CEO is willingly withholding market sensitive news that he knows will impact the share price.

Yes, they are entitled to a delay in filing as per Covid-19 allowances, but I do very much doubt that there was really any delay with the company accountants, especially given that the Accountancy industry is one of the best trades to be in given the Covid restrictions (i.e. no need for travel). Of course, the rampers will say otherwise..... yawn. Wait until 30th April, and then tell me I was wrong. I firmly believe we are now waiting for the Turkey placing that is the worst kept secret on AIM.

"I wonder if the CEO of UKOG will do an interview this year, if he does I bet that he only focuses on Turkey. He'll probably prepare the questions and then answer them. He would not want to be asked the difficult questions and give honest answers to them.

1) What is the short, medium and long-term plan for the Horse Hill site?
2) Will you be dual completing the HH1 well to produce from Kimmeridge and Portland as previously announced?
3) What is the current state of HH2z conversation to a water injector / pressure support well? How much cash is needed for that?
4) What is the current cash position, how much do UKOG have in the bank and will a placing be needed for Turkey?
5) What are your plans for BB, be honest, is it just a delaying tactic to avoid plugging and abandonment costs?
6) Will shareholders have to wait until the annual filings to see what you were paid and how much of a reduction you took, was it 50% or was it 20%, why were you so coy on this in the RNS?
7) What are your views on company performance and bonus, do you think it is fair to reward yourself with a bonus given the decimation of shareholder value?
8) Is there a reason why you haven't bought any shares in UKOG? Why is this the case, do you not see the concerns from the market and its impact on the SP in you having no skin in the game?
9) Can you update us on IoW, will it be something that UKOG pursue or is it going to be set aside given your forays into Turkey?
10) What timetable do you place on drilling HH3 at Horse Hill, will this realistically happen, or is it the view that the site is not worth further investment?

That's 10 for starters. Who else would like to see the CEO do a proper interview and answer these questions? Should a CEO be allowed to remain in position if he refuses to uphold the integrity expected of him?"

Only 2 days until the end of the tax year, let the weird trading patterns commence.....

"superhypocrite" LOL. At least I am not making unfounded ramps and insulting other posters on an hourly basis.

Did you call the CEO and get the answers?

Turkey is off... "unless UKOG provide the cash that AME are expecting from them".... Prove me wrong, where is that cash coming from? It's not from HH1 Oil production. I trust my wife and her linguistic skills, I don't trust you though oZZZZZZy (is that too many Z's?)

Trollhunter should be permanently banned for posting so many lies. Its non-stop action from the chief ramper. Zero credibility. Its a disgrace to post so many times each and every day and to clearly mislead. Its as bad as the Indian scammers claiming to have spotted an issue with your broadband in the hope that you've lost your marbles and happy to give them payment card details and personal information.

I wonder if the CEO of UKOG will do an interview this year, if he does I bet that he only focuses on Turkey. He'll probably prepare the questions and then answer them. He would not want to be asked the difficult questions and give honest answers to them.

1) What is the short, medium and long-term plan for the Horse Hill site?
2) Will you be dual completing the HH1 well to produce from Kimmeridge and Portland as previously announced?
3) What is the current state of HH2z conversation to a water injector / pressure support well? How much cash is needed for that?
4) What is the current cash position, how much do UKOG have in the bank and will a placing be needed for Turkey?
5) What are your plans for BB, be honest, is it just a delaying tactic to avoid plugging and abandonment costs?
6) Will shareholders have to wait until the annual filings to see what you were paid and how much of a reduction you took, was it 50% or was it 20%, why were you so coy on this in the RNS?
7) What are your views on company performance and bonus, do you think it is fair to reward yourself with a bonus given the decimation of shareholder value?
8) Is there a reason why you haven't bought any shares in UKOG? Why is this the case, do you not see the concerns from the market and its impact on the SP in you having no skin in the game?
9) Can you update us on IoW, will it be something that UKOG pursue or is it going to be set aside given your forays into Turkey?
10) What timetable do you place on drilling HH3 at Horse Hill, will this realistically happen, or is it the view that the site is not worth further investment?

That's 10 for starters. Who else would like to see the CEO do a proper interview and answer these questions? Should a CEO be allowed to remain in position if he refuses to uphold the integrity expected of him?

I'm going to wait until it's 0.05p, then I'll review whether this dog is worth £10.

No waste kit, so its there for crude.