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Morning guys - here’s what’s popped up in my account - looks good enough to cause at least some confusion THAT THE DISPOSAL OF THE ASSETS INCLUDED WITHIN THE TARGET ASSETS (AS DEFINED IN THE CIRCULAR OF THE COMPANY TO ITS SHAREHOLDERS DATED 7 JUNE 2018 (THE "CIRCULAR")) BY THE COMPANY, ON SUCH COMMERCIAL TERMS (INCLUDING AS TO CONSIDERATION) AS DETERMINED BY THE BOARD OF DIRECTORS OF THE COMPANY, FOR THE DEBT REDUCTION PROGRAMME SET OUT IN THE CIRCULAR, BEING A DISPOSAL RESULTING IN A FUNDAMENTAL CHANGE OF BUSINESS FOR THE PURPOSES OF RULE 15 THE AIM RULES, BE AND IS HEREBY APPROVED For Against Abstain

Hmmm thank-you barrel maker - i havnt received anything at all from td had to contact them with my NO to delist vote which apparently closed today. So there’s no mention about the plan B to sell the wells ? They can’t simply omit this - surely there has to be a vote on both - or a singular vote for plan A or B ? Question is how many are bothered to vote a second time - hasn’t really been any volume of selling since the meeting - in fact more buying - but who ? And for what purpose ? either way with 2 appreciable options now on the table how can they possibly expect to get 75% approval to delist ?

Who’s ramping ? It’s now priced to totally fail - but got at least half chance of succeeding in some viable form - it’s no worse than plmo pcge ura ect with mkt caps of 1 to 2 mil

Well played you - sp dropping and dropping you can sell 200000 no probs - but cant even get price to buy £50 worth

Your not a numpty your a great guy - no the recent negative news made mms frightened to death of holding or bidding for potentially worthless shares - now there’s demand they don’t have any and no one selling - because there was a plan B and probable light at end of tunnel for Half decent punt (better than most) at worthless mkt cap. Some result to generate 1.5 mil ? in a fire sale whoever managed that could get stevie wonder a driving licence !

Lol Can I have £1000 worth off you at 0.45 max ? Been trying to buy again all day

I’d really think just traders / speculation - yes the share potentially going down - but for an entry level of 0.4 you get 1.5% of the company for 2k at current much less than cash shell mkt cap value - and whether it keeps going with some kind of placing / takeover / cash injection or delists to continue in some form it’s not a bad risk as there will still be asset value hence the reason I like some others have probably averaged down with a view to a trade with a decent spike or longer term outlook - but these buys could be bod or family members - if so I guess there will have to be a TR1 at some point

Think it’s fair to speculate that the mms or at least one of them working with the bod - clearly more buys than sells - auction transactions are clearly buys - but yet sp goes down - to potentially allow more bod and family buys on cheap - or they know good news coming so gathering cheap shares - for me and most others little point selling with nothing more than beer money to come out - interesting to see if this comment gets removed

Well I still don’t see any quantity of block buys indicating bod and family member buys to win the 75% vote - so this share is either taking everyone down - or there is a plan B to remain with a capital injection, package or takeover from somewhere - tick tick tick tock

Just over 9k worth of buys so less than 3% of current mkt cap - so they’ll need a good few more if so

Those big fat NO’s are everywhere so they’ve got a hell of a lot of work to turn us around and get 75% - but I feel sure they knew this already so they’ll have a plan B

There’s a number of potential positives that could occur before june 7th - on the balance I believe they are calling our bluff - they have a plan A and a plan B - they have to have factured our feelings and intentions in. Theres also the possibility that NTOG or another oiler May fancy a chunk or control for nothing and come back again - if the situation was so bad Rita would be biting their hands off - the mms also don’t seem to be worried all sells yesterday (agreed small) but SP didn’t drop - you can’t even get a quote to buy large quantities at the moment

I think we pretty much all of the same opinion trytime - there is no other credible option for the short to mid term unless the current situation changes - long term well you never know a 70000 holding may make you Rich 😉

Good call !

Basically what they are saying is ‘we need a placing’ but no chance at current sp - what do you the share holders want to do about it. Low board holdings make it Ideal acquisition for the likes of myn or even plmo with dr Burton now at the helm - hmmm

There you go - now owns 3.15% something cooking

I won’t answer that one peer. But you can get your own answer / ideas to that by visiting the NUOG share chat and most recent RNS - ok the moles definitely retired for now last comment !

At least you now know I’m not part of the new placing - just another innocent investor that’s had his / her pants well and truly pulled down for now - but I’ve got a feeling so staying in - ok I’m going back to be a shy mole talk again 6 months ? Haha

Depends on your outlook and whether your a Nuog holder too peer ? Loads of great hope and expection there - but to this date still no actual practical results. That was the reason in took a punt here - pretty sure this is the same Dr Nigel Burton so he’s either in on the scam or here at a current loss for another reason.

17 Mar 2017 - The late RNS yesterday shows a Dr Nigel Burton buying in to PLMO. A quick search shows a Dr Nigel Burton as CEO on the Board of NU Oil & Gas. http://www.nu-oilandgas.co.uk/ If it is the same guy, Dr. Nigel Burton Chief Executive Officer Nigel has over 25 years' experience in operational and financial Well I’ve topped up - what’s the point in selling more cash and investment than current cap - fook it