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@Enrico
A fair point re EM and Aspergers. That being the case, he ought to remove himself from Twitter etc so that he doesn’t post market influencing tweets.
If his tweets were shown to be clear market manipulation then the law should treat him like everybody else - Aspergers or not!
Spot on @lsewatcher
Musk’s company produces lithium-battery operated vehicles. Is EM suggesting that sourcing the lithium is carbon-neutral - he’s living in a SpaceX world if that’s what he believes. Oh and yes, every time I see one of those SpaceX rockets go up I will question the environmental impact of it.
The guy is a pillock - a very, very rich one at that!
My bad - 100 billion, that's it :)
@investor 112
I am sure that he also said 100million barrels in the Weald and then tried denying it until a video appeared of him saying it. Take any estimates with a pinch of salt.
He'd be better being sent to Mars where he can help NASA find water, he's brilliant at finding water.
For me....after watching 3 videos and reading the tweets.......my lesson learned is
When something is definitely not going to happen, our CEO says "no" (when asked about listing on FTSE)
When something is very likely to happen, our CEO says "i cannot say anything further" (when asked about NASDAQ).
Lesson learned is to heed what PW says and heed what he doesn't say, even more.
Good weekends all around
Piler, I agree
I watched STS-28 in 1989 from Titusville as we were not allowed onto Cape Canaveral due to the sensitive nature of the launch (military satellite I think). One of those moments in your life which will stay with you forever.
Have a good weekend all.
P45 and somebody more competent would be a better option.
SS is as much use as Alexis Sanchez was at Man Utd (both getting paid handsomely for under-achieving).
Why can't we stop looking around for the next shiny button (this time it's geothermals)? If they actually focused their efforts on making one project successful then once we are producing, we can use some of that income to move on and fund the next project
.....even SS baulked as the realisation set-in when writing/reading this
"During the reporting period we raised £2.0 million in December 2019 from a single institutional investor, partly to accelerate long-lead time surface facilities and other related works necessary to bring the field into stable long-term oil production. An additional £1.275 million was raised in April 2020 to implement a series of cost reduction measures and we then added a further £4.2 million in June 2020 to fund full repayment of the convertible loan, as detailed above, and for the purchase of key surface facilities at Horse Hill. Post period in October 2020 we raised a further £2.2 million to fund our share of initial costs in Turkey."
4 fund-raises in less than a year.
5th one will be to fund SS's jolly to Turkey which is desperate to get on a plane and visit.....at our expense.
"....Our UK oil & gas portfolio contains a good balance of low-risk production, appraisal and development assets....."
rogue "-risk" in there otherwise it would have been more appropriate.
@DSFlat
If only that were correct. I haven’t seen ARB follow BTC’s last/current bull run so I am not sure why it will follow any future bull run.
Something just does not appear right here and people are getting nervous. No need, the fundamentals are sound.
Think now would be a good time for a positive RNS from PW - perhaps less news about his hair and more about buying some shares in ARB.
@ bucket
His response to the question about expansion onto the US markets was a “that’s easy, I can’t say anything about that” (whilst smiling). Sometimes saying less is best. In my opinion, we are engaged in the application process but PW is prevented from commenting.
Very calm CEO - I’m happy!
@ wizard
Totally agree with your posting and share your sentiments.
Lots of potentially exciting news to come so let’s all keep the faith.
GL
@ wizard
I am a LTH and I believe that there will be a placing RNS forthcoming. Just because it has not landed at 7am does not rule it out landing at all. From past experience, UKOG dropped RNS’s late morning or late afternoon.
I really hope there is not one this time around and that the recent movement is due to sentiment returning - Lord knows, we’ve needed it.
Good luck all and hopefully we’re returning to better times - it’s April 12 after all and the pubs/gyms/shops are all opening.
@ nkh
And would we need to change our corporate name to Turkey Oil & Gas (TOG)??
@Aviator1
All very fair comment.
I have another suggestion for SS so as to stop him keep going to the shareholders with a begging bowl. How about, focus on getting one of the other projects to work - Gatwick Gusher etc. instead of moving from one to another and promising the world so as to ensure a fundraising.
It appears that we are just paying for his lifestyle and he’s no doubt having a good laugh at us all. He’s not delivered to date and takes £750k a year. What a job!
@sageman
I have agreed your message as the past performance of this CEO leads me to a similar conclusion to yours.
I am not a deramper/ramper, I am a LTH who has looked over the previous RNSs and in my opinion, I anticipate that past performance will dictate future conduct in this case.
If the CEO does a further placing next week then is there any way we can remove him because the multiple placings and dilutions cannot be seen as acting in the shareholders’ best interests?
Good luck and pleasant weekends all around.
@donotpanic
I was genuinely asking if 88E had done a placing and that explained their pattern to which you refer. For the record, I posted the same Oct 20 RNS which you posted referring to the first drill and seismics being met by the last placing.
I am a LTH holder (since 2016) and would like nothing more than this to go to 0.9 (and beyond) so as to get my head back above the waterline. However, as a matter of course, I do not ramp/deramp. I just look at the historical RNS's, patterns of trading for UKOG and look at what is likely to happen next.
As others have stated, a large number of shares seem to be red today so maybe this drop in SP is just due to markets. Time will tell eh?
@do not panic
"This happened to 88E ... went down to 0.90 and few days later 1.90 ... patience will pay here"
Did 88E do a placing?
@ Cynderlad
I know that you have your critics on here but as a LTH who is hopeful/positive about UKOG, I agree with your views in your posting at 14:17.
We have seen it too many times and we know it is a case of 'when' not 'if'.
The CEO should be called to account by the shareholders if another placing takes place and UKOG has burned through that £2.2m. In my opinion this may explain the delaying the end of year accounts - the finances perhaps did not make attractive reading so delay for a month, get a positive RNS out, get the price up and then let's get a placing done. Then the finances will look healthier.
I actually think that it should be compulsory that if you take a BOD position in a company that you have to own a certain %age of shares in it so that your interests are aligned with your shareholders.
All in my own opinion of course.
As a LTH who is still holding out hope of recovering most, if not all, of my losses (back from 2017) I remain positive about UKOG (if not the CEO).
Some of the valuations by the end of the day "1p, 2p..." etc were just fanciful and unrealistic.
If UKOG manages to make incremental gains each day then I, and many others who remain underwater, will be happy. Stating that it is going to go through 1p in a day, a week is fanciful and bordering on misleading. Let's be realistic with our valuations and take each day as it comes......this is UKOG after all.
Good luck all!