RE: AIM CEO Standards26 Mar 2021 12:53
In case you missed it, this is what I posted:
"If you want to compare the good with the bad. The go take a look at the latest interview with Colin King, the CEO of Omega Diagnostics. Interview is out this morning, he has answered every single question that any investor would want to see answered. There is no new news or material updates in that interview, it's all been covered in previous RNS's. But Colin has been very public and very open and honest in his responses, including the following statement:
"Don't forget that one of the key obligations we have as Directors of an AIM listed company is to ensure that our communications aren't "misleading, false or deceptive" and that we don't "omit anything to affect the import of such information" (Colin King, CEO of ODX, AIM listed)
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?"