Member Info for dilara

There seems to be a 10m at a time shorter ,probably looking to buy back below. 09p .

How the ceo Sanderson keeps his job being paid millions over the years is remarkable, the man has not a clue about the job ,hopeless and clueless

There isnt any certain outcome apart from this is the worst oil drill operation i have ever witnesses as far back as i can remember my investing in oil and gas companies way back in 1998 starting with JKX and since dozens of companies

Only few shorters playing this for last few weeks.

Could see a very big bounce if the drill proves success .

Luckyswimmer

Either way would require morw funds as pointed out ,The next hurdle is how and what to raise funds on ..if AME have called it a day Sanderson cant raise it for Turkey, he hasnt much to go on here and his previous mention of USA has also sank with his failure in Turkey and the hydrogen project is BS.

If he does get a raise in somehow it will be imo at the biggest discount ever for ukog.

It does seem that the next news will be an attempt to raise more funds ,how much and at what price would depend on how strong the porential of success would be od a drill .

It looks like that is close to zero as predicted if anyone could not find oil anywhere its Sanderson. The man is totally useless.

In my opinion he could well be trying a few million at less than 0.045p ,ie 25% discount ...imo also he would have to go below 0.035p .

I dont think AME will be playing any part in paying any further with ukog in Turkey so Sanderson will need to pull another BS story to con investors.

I am sure will will hear from him soon with another fairy tail

It again leaves my opinion that the next event is another dilution to pay for Sandersons wages .

Thats why he has RNSd that waiting for larger guns rather than he has failed yet again ,i am of opinion the larger gun story is false

The planning should have been done prior to drilling and that when the biggest guns available are 4.5inch and are not suitable .

It all is obvious that Sanderson is a fool ,has no experience or knowledge depsite being in the industry 30 years.

There are posters here that have extensively more knowledge than him .

As i have pointed out of there is anyone who cant find oil its,definitely Sanderson

Shareprice down from .13 to .10 after the announcement of the planned drill being in time so there is strong possibility of 30% up within a few days

If the drill is managed on time and it delivers its aim of 600 to 900 bopd then we should see the market value increase to a lot nearer the on paper $55m

I.e .3 to .5p

Id also go far as to say the smaller guns ,knowing the were useless, was a delayimg tactic

Sandersons tricks all over .

Justbe

I didn't think the smaller guns did the job ,more experienced posters have laughed at their use and said they they are too small .

But regards to Sanderson delaying the larger guns ,of course he is ,he would delay them another years worth of salary i think. The man had absokutley3no interest for the company only hes own pockets

I wish ZYX was positive about UKOG and posted something good for a change but there hasnt been anything positive ,can call him negative poster but cant call him a liar .

That is all expert oponion feom someone whi knows the business well ,for someone me who has not experience in the oil sector my opnion is that aling the sane lines ukog even had this twice thinking all along and that the RNSs are misleading ,my opinion has been that the whole process has been a big fat wopper ,the intention to find oil was never the primary objective ,no serious work has been put into it ,the process has been diabolically aweful. Again imo just a man whos only interest is self interest.

Share price is going down because the board have not created trust in the market ,they have continually delayed every aspect of work from go .Told the market that the new company would be transformational and running by November 2022 ,it was not transformational infact it was a disappointment and took much longer.

They also said the drill would be completed by end of June with production ,that now has been shelved till end of August.

Market does not like it so its moving ro better opportunities and more trustworthy companies.

Great pay and pension and no work involved for it

Probably why SS and they get in so well Alan

They are like fossorial animals that live under ground but dig themselves under so much mountains of paper work that councils around the world must be the main cause of deforestation

Councils are run by the totally inept of all society and if left to them not just any country but the whole world would be back to the stone age .No accountabilty ,no moral standards ,no qualifications and no really anything positive .This UKOg case is only one example how wastefull and inadequate councils operate.

The next RNS maybe that we found the big perf guns but i need money for it.