Member Info for DanBrown83

I'm not invested here but i was over a year ago What news are you expecting? It seems like because of the US Ruling, everyone here is expecting some major Gambling outfit to do a takeover bid? - this is very unlikely. The last RNS welcomed the ruling but openly stated it may benefit the company in the future - the SP 8 bagged on Investor Sentiment and is now 4x original SP prior to news, fact is the company isn't fundamentally strong and the American Market is only open in a few states (i seen the Delaware Governor placing a bet the other day and his comments how this was a great for America) it is great, but WEBIS only received 10% of its turnover from America, so why do so many think the SP should be worth multiple of where it is at present!! This is my opinion - good luck

Who keeps ramping this share on other shares boards I am reporting, gla invested here

Announced - but Form not on website

Not too bad at all

because most of that is not WEBIS money

Pharmas are very hit and missy Bad Results can result in 80% down - look at Imma a few weeks ago also have the potential to multibag on positive results

Probably can't because we are still flow testing but we all know whats happening and progressing here $265,000 at $70 per barrel equates to under 130 barrels of oil a day in terms of revenue

Solar - we can feasibly work out we can afford it current flow is sufficient in income to meet the costs (albeit revenues takes time to go through the system) we still have one well to finalise in the next few weeks which will add to the current production figures so even with a drop in stabilised figures we are going to be fine The start of this huge oil field could be today

I think its very likely - i expect to see 10m cancelled trades later today - but i think the 6m and 4m sells won't be cancelled tomorrow and that will be YA gone Now we can look at positive cash flow from Oil - happy days

Best RNS we have had, 10mshares is weird, these cancelled trades have added to 10m each day, I wonder if it was YA selling shares they never had to get a better deal for the next years conversion and they need the shares to close the trades, anyway, we now have a real indication that we are going down the oil route without any dilution or funding and actually churning profits to develop more wells, the revenue figures are excellent on my spreadsheet I did last month so very very happy today

maybe its 3 x 3m sells coming

I'm Good M, how are you mate - I'm well down CYROX too, people playing games with this Share, but it has unbelievable potential - why I invest in AIM was on the potential �5k would become �50k

will be cancelled tomorrow

Fact is, we went into ED with very little in terms of strength as a company - we then had to put up with Renegade and a deal in the end albeit was decent and allowed us to grow, fundamentally in terms of what ED could be wasn't fantastic The BOD openly said they were looking at similar ED deals, we now have WD which is larger, more wells and income and we don't have to suffer from Renegade, so when we come to sell the asset in 24 months after exploration, we will get a bigger cash payment and a bigger chunk of royalties - rinse and repeat this and then we will soon enough have multiple producing oil fields with us retaining ownership and having zero costs ongoing Its a great model

Realistically it means very little as it doesn’t incorporate HH, if this was the full net resources to UKOG the sp would collapse but it’s not, should be a flat day

10,000m of RC Drilling to infill, just a few more holes

How much will the next raise be? I'm saying $2m $800k for drilling at Picachos $200k for drilling at Pastizal $200k for identifying new opportunities in the Picachos / Pastizal belt in Chile $800k for Working Capital for the next 6 months

Chris Herencia still can't produce as they don't own Picachos Its quite clear in the RNS they can't become a producer until they conclude there option to purchase

Its actually very common in UK, primarily Commercial Property part owned by Trust / Sipp etc with Loans from either, there are rules and GR doesn't technically control the Fund - he has to request that the Trust lends the money but a Formal Binding Loan Agreement needs to be in place and at fair value I have no problem with GR lending money to PREM, its as soon as there is security from PREM offered i get more twitchy, it may have been a requirement of fund, granting security is a very easy way to asset strip if the company does go under As i said, fact that its secured on an investment that isn't worth a great deal at this time (maybe in the future) is better than it been secured on Zulu or Circum Shares Fact is, we have a countdown for news - 65 days (10th august) so really we should be seeing some movement by mid July at latest

ChinaBlue I don't know if your post was stating that its not right that he can walk away with ARCM if the loan isn't repaid or it is not right that he can do this. The Fact is, the Loan has been made by a GR TRUST to Prem, there are rules that the loan needs to be at fair value for the TRUST and it has been secured against PREM's ARCM shareholding, if after 65 days, PREM can't pay the 300k + costs back, the TRUST has every right to enforce its loan and take the ARCM shares out of PREM's ownership and into the TRUST's Its a way of ASSET stripping, the saving grace is hes not touching ZULU, if it was secured against ZULU then it would be very dangerous