Member Info for Gerry65

Jungerns - looks like an excellent trading week for you picking some up at 1p ish and trading out for a decent profit, today,well done. Excellent news regarding the EWT, Am guessing this will bring the day traders back in so expect volatility over the coming days. looks like it spiked around 1.8p earlier this afternoon. 13.15 - 13.32 looked like spike time. As i type its settled for the minute at 1.5p - which is back up to May end figure. and is good news if there is to be a placing ( no further news on that ), as they should be able to get it away at a higher price now. No predictions from me as to where the sp will go today - could be any price between 1p - 2p. GLA.

It's interesting that several pi's over on solo have managed to get a meeting with their bod tomorrow to ask questions. The session is to be recorded and available to all shareholders and interested parties. Clearly no price sensitive info will be disclosed, but it shows that if pi's get together they can achieve communication. Maybe some of the invested believer's on this buliton board may wish to form a similar group and arrange a similar meeting with SS. If it's thought that SS would wish to undertake such an open round the table recorded meeting. It's surely an opportunity for those that still believe to improve sentiment all round !

Rusty 8 - it hit the highs of last summer on hype, which pushed the mcap to a level, not justified by any proven independent reserves. Many that had got in early and were brave at sub 1p , quite rightly took their profits, and well done to them. Gradually the sp pulled back down to the 6p range from the start of Oct, down to just over 4p when the YA loan was announced. I would suggest that this was down to the hype falling away on limited news - one update on bb on 13/09/2017. bb updates on 27/12/2017 & 06/02/2017 together with regular loan conversions pulled it down further to the 3p range. Then came the 72bpd RNS at bb on 20/02/2107,which tanked the sp from 3p - 1.6p. No conspiracy, and i don't suspect major shorting either. Just a change in overall sentiment, based on the disappointment at bb and the downward pressure from the loan conversions. Keep in mind the sp rose rapidly, there was bound to be some profit taking and since the late autumn there has been little positive news. Another point to bear in mind is that those that bought in from say 8p onwards are under water. Some may have tried to average down but this has been tough to do with the sp on a continued downwards trajectory. Others have have had to watch their investment dwindle away, if they either could not afford to chase the sp down or were loathe to do so. There are also those that could have made an 8 bag last summer but held hoping for more and had to watch their paper profit disappear. So this spring it was a case of moving on from bb and back to HH where the previous limited testing looked promising. But since the agm there has been no news, which leads to speculation. Now we have the media leak and the RNS acknowledging a possible fund raise. I accept its been a disappointing run for the sp since the highs but there has been little for anyone to get exciting about over the last 8 months in truth. EWT at HH should raise spirits. it's a waiting game at the moment, for the interims, with cash in bank. and clarity from the bod when they are able to do so regarding the potential fund raise, and progress at HH. it is what it is - the sp is where it is at the moment because of sentiment, nothing else in my view. no dark sinister reasons. Just a lot of disappointing news that needs to be reversed this summer. GLA

another example of STOB getting on with business and continuing to create shareholder value.

Billy bull - "UKOG is a god send " You may find many pi's deeply under water will kinda disagree with your ramptistic view. Whilst you are trying to make a few quid out of your buy trade, which is cool - you may want to consider the feelings of others, who are deeply under water here. The hype driven by marky and co last year, has turned to negative sentiment, following YA dilution, problems at BB. Silence regarding the expected start date for the EWT at HH delays with OGA and now the media speculation on more funding, which has been acknowledged by the bod in the RNS last week. You're welcome to take over Marky's mantile though.

Billy bull - I read your latest post with mounting disbelief ! Re your view that ukog is going to reach FTSE status are you suggesting that ukog's m cap is going to fly over coming months and years, whilst all FTSE companies will have no income / production growth and inflation growth and are going to stagnate or fall. Surely for ukog to reach the FTSE - all other UK companies, will have had to hit the buffers - you are now in Armageddon territory !! I have no problems with your buy trade last week following the disconcerting RNS and media speculation on further funding / dilution. We are all free to trade in any share at any time in any way. I also understand why you would wish to ramp your trade. The spread at 10% is not helping your cause though buddy. But come on - �10.00 a share !! Now you are entering dreamland lol. Love your posts though

billy bull, UKOG now has 3854M shares in circulation. That's pretty close to the total of : AAL - 1404M FRES - 737M RIO - 1752M Total - 3893M UKOG's PI's have been diiluted regularly over recent years and this will continue whilst its in exploration mode - without any real proven reserves ( 85000 ) Things may change if EWT at HH commences and independently proven reserves, are declared. Think you will be a very old man before you see UKOG in the FTSE 100, pretty sure i'll be long gone.

oh billy boy - i love your glass full posting - there are of course only a few true retailers in the FTSE 100 at present - i am guessing you are not including banks and insurance. MKS just survived relegation this quarter and has a m cap of circa �4.82bn. I am guessing you don't fully understand the correlation between a company's m cap and its share price, and shares in issue.

Billy billy billy -with shares presently in issue, your �2.00 sp valuation has just promoted UKOG into the FTSE 100 !!! Get a grip man lol Great rampy postings though - you do make me smile buddy.

The spread at 10% is holding back the day traders, and perhaps its not a bad thing. If ever there was a time to wait for info - its now. Any buys before news are a total gamble at the moment. Similarly most under water might as well wait for news too, i guess. GLA

sincero lol - it had to happen one day.

Billy bull - May i suggest to you that if one's investment strategy was based purely on buying distressed penny shares that had fallen sub 1p, then its the road to ruin. Penny shares generally crash for a reason its usually because of bad news or dilution, which kills sentiment. Take a look at PREM - PI's over there have been diluted, then diluted, then diluted again, with promise of jam tomorrow ! Closer to home take a look at KDNC where our very own FD Kiran Morzaira is the Director and CEO - �7845M shares now in issue and PI's diluted yet again. UKOG may prove to be a turnaround, and you may make a few quid, as a day trader here at the moment, but the spread is presently 10% as I speak. Good luck with your investment strategy, it may work occasionally perhaps here, but its casino gambling, in truth. Most at the moment are on the fence here waiting for information from the bod, before deciding their next move. GLA

Pijoe1212 - your post 09.08, you may well be right about the challenge UKOG face to get a placing off. Also YA will want to be in the loop - they still have their remaining debt to clear. Then you have existing PI's - shafted if it goes through at sub 1p Eddie - your post 11.23 - I think its unlikely that this bod is looking to raise funding for 2019 spending at this time. Why would they fund now particularly a placing at sub 1p, that would be a total kick in the guts to PI's,who have funded the roller coaster over recent years. In fact, it would demonstrate a total lack of respect, to those supporting the company. The time to fund for 2019 would surely be after EWT at HH has commenced and on receipt of genuine info by way of RNS on each of the zones in play. With figures based on realistic longer flow tests - with facts on depletion rates etc. If the figures were strong and commercial oil is proven - then sentiment will undoubtedly changed and the sp would likely have risen, giving the bod the opportunity to raise funds at a much higher placing price. Which would clearly be in PI's interests. Raising now for 2019 is a red light to me. ( The total focus should be on HH ) I would suspect the funds are needed now either because cash burn has been grim and SS is in a corner and cannot allow PI's to see interims cash position out at June end, without a cash raise beforehand. Similar to last year in May when the �6.5M was raised before the interims came out. KIV UKOG generally raises more funds when the cash in bank position falls to sub �2M. Alternatively the funding is needed in relation to the delayed OGA approval. Perhaps there is a weak link in the consortium which needs to be dealt with by way of a buy out, or the OGA wants more liquidity from UKOG. Certainly reading the OGA consultation document it looks like moving forward it is going to tighten funding / capital positions quite considerably, which will have an impact on future approvals. I would welcome your thoughts on the OGA going forward. One thing is sure - communication is very poor at the moment to PI's UKOG need the help of a PR expert. Without an RNS to clarify, its all speculation. You went to the AGM was there any indication of a funding at this time floated at the meeting?

Pijoe1212 - your post 09.08, you may well be right about the challenge UKOG face to get a placing off. Also YA will want to be in the loop - they still have their remaining debt to clear. Then you have existing PI's - shafted if it goes through at sub 1p Eddie - your post 11.23 - I think its unlikely that this bod is looking to raise funding for 2019 spending at this time. Why would they fund now particularly a placing at sub 1p, that would be a total kick in the guts to PI's,who have funded the roller coaster over recent years. In fact, it would demonstrate a total lack of respect, to those supporting the company. The time to fund for 2019 would surely be after EWT at HH has commenced and on receipt of genuine info by way of RNS on each of the zones in play. With figures based on realistic longer flow tests - with facts on depletion rates etc. If the figures were strong and commercial oil is proven - then sentiment will undoubtedly changed and the sp would likely have risen, giving the bod the opportunity to raise funds at a much higher placing price. Which would clearly be in PI's interests. Raising now for 2019 is a red light to me. ( The total focus should be on HH ) I would suspect the funds are needed now either because cash burn has been grim and SS is in a corner and cannot allow PI's to see interims cash position out at June end, without a cash raise beforehand. Similar to last year in May when the �6.5M was raised before the interims came out. KIV UKOG generally raises more funds when the cash in bank position falls to sub �2M. Alternatively the funding is needed in relation to the delayed OGA approval. Perhaps there is a weak link in the consortium which needs to be dealt with by way of a buy out, or the OGA wants more liquidity from UKOG. Certainly reading the OGA consultation document it looks like moving forward it is going to tighten funding / capital positions quite considerably, which will have an impact on future approvals. I would welcome your thoughts on the OGA going forward. One thing is sure - communication is very poor at the moment to PI's UKOG need the help of a PR expert. Without an RNS to clarify, its all speculation. You went to the AGM was there any indication of a funding at this time floated at the meeting?

Rusty8 - totally agree - no more spending sprees on licences - get HH proven, its the only play left This is the company that bought into Avington - small 5 % - yes but now shut down - how was that a good investment for pi's. Holding in Horndean where its 140 bopd, 10% interes to ukog. Both bought in oil last year at an actual operating loss to the business !

Boyzee - can't believe the bod will leave pi's guessing for long this week - surely. It may be OGA linked - going forward it certainly looks like the OGA is going to tighten funding cover for these projects. If it is a top up before the interims show the cash position that will kill sentiment totally. come on SS - you need to spill the beans as soon as you can ( accepting you may be in the middle of sensitive negotiations at the moment )

Jungems - at least as you say you are going in eyes wide open. Also acknowledge you have been trading for many years, and probably have a decent balanced portfolio. Its next to impossible not not catch a crab somewhere along the line when investing in shares, but the good calls and dividend growth should balance out one's mistakes. Regrettably for quite a number of people - dragged in on the hype last year this is their only holding.some are heavily under water. Many don't have the funds to risk more. The bod must surely get an r n s out to give pi's an understanding of what's going on this week. The interims are out in less than 3 weeks time too. Gla.

Jungems - hope it works out for you - Its going to be an interesting few days.

Jungems - have you considered why the sp looks so attractive to you ? Its where it is for a reason. Buying more shares before you have the facts from the bod as to why more cash is needed is a risk. It may reduce your average but could cost you more. It also doesn't change the cost price of your existing shares. Its casino gambling at the moment. Also watch out for the day traders causing chaos. If it's just peanuts money to you - why not give it to charity ? How.

Ninetails - in answer to your question regarding the Esso pipeline - yes to me its a red herring. I believe Marky pushed it forward on here as an idea a couple days ago. Its been covered before and put to bed. I have debated with many on here - but whilst I would guess Marky is probably a decent cove, his blue sky, glass full continued enthusiasm could be a serious risk to his followers financial health. To me its a red herring the technical issues and actual practicalities, have already been covered by others with more technical expertise than me. But lets look where we are, there is oil out there - its used to flow at Avington, now shut down -its still flowing at Horndean - at jut over 100 bopd. I've always suggested UKOG could be a nice little oiler, but national significance to me is unrealistic, its going to be a tanker exercise, at best. Don't see how its scaleable ,in the south of England. To be of national significance UKOG would need to drills many holes in the ground all over their best licences,that's going to require massive funding, any oil produced would still need to be transported from site tanks to market - even if a pipeline was built or used - how would it get from each tank at each site to a pipeline? To me raising pipelines, at this time is a deflection ploy, PI's need to focus on the immediate, funding issues. GLA.