Member Info for GingerHippo

Yes. But. At these levels we're all getting mates rates...

Seems to be happening a lot at the moment. Red all day but closes more or less at the same level as it opened. I've seen this happen before....

"Imminent raise"......?!?!

LMFAO. Wow. Just wow.

Zero research done. For goodness sake

Can’t be another fundraise for 3 months at least

It's so quiet. Anyone would think nothing was happening..... lol

No dividend please. Reinvest the profits and keep up that 25%+ growth rate imo

Treeshake over?

Long term the share price follows earnings.

We currently have a PE of 6. 15 would be more sensible. Earnings have gone up 25% since the earnings that PE ratio is based on. So that's 3 bags right there (15 x 1.25 / 6) , excluding any further increases in earnings.

Notice how derampers come out on blue days. Like they want to stop PIs from buying...

For goodness sake.

It's consolidation.

Nothing goes up in a straight line.

2019 - £1.2

2020 - £1.7

2021 - £2.3

2022 - £4.8

2023 - £9.6

2024 - Anyone like to guess...?

Such little chat about such a great share is surprising.

Revenue has been growing fast and this agreement will boost that. Market cap is still only £20M so there is such a long runway of potential growth.

I didn't say the asset is worth $3.8M. I'm saying that's what they're effectively disposing of it for. This is the amount UOG owe but will not pay, in exchange for the operator taking 100% ownership. If it's worth more than $3.8M that's UOG's bad luck, if it's worth more, it's KE's bad luck.

As I understand it the partnership agreement is that if one of the partners doesn't meet make payments they must withdraw from the asset and the other partner keeps the lot. If the remedy is set out in the agreement, I don't think the operator can go for any more than that. EGPC owe money to UOG so that's who they have to pay. They can't make a determination to pay the other partner instead. I'm not a lawyer though.

UOG are paid from EGPC, not the operator. 22% of the oil they sold belonged to UOG so UOG should be paid from them no matter what.

The operator are getting their $3.8M back by taking over the asset. They will only take 100% of the revenue from the date they take full ownership.

Basically, UOG wanted to sell their 22% to the operator. The operator made it impossible to sell, so UOG decided to stop paying for their share of the costs. Now, the operator have said to UOG, you owe us $3.8M, pay up or we'll take over your 22%. UOG are basically saying, yeah fine. So effectively, UOG are disposing of their 22% of the asset for $3.8M.

Since UOG stopped paying the costs but got paid by EGPC for their share of the oil these last few months (with more to come until the operator actually takes over ownership), they now have a decent bank balance and won't participate in AS any more.

UOG now have $1.3M in the bank, a few hundred K coming in from EGPC soon but owe BP $1.1M. Whether BP will demand immediate repayment remains to be seen but even if they do, that leaves UOG with about $1M in the bank. Since we're not paying for AS any more, our costs are quite low so hopefully this cash will last until the farmout deal is completed.

I got them. Thanks Ameen

If you could, Ameen. That would be great.

Could you email me the link to a temp address - netox66917@tsderp.com

Hi Ameen, is that today?

So effectively UOG are getting rid of AS for $3.8M.

Isn’t that exactly what all the derampers here wanted?

Dr No,

Once again apparently I have to pop in just to say that there's nothing to say.....?

Always nice to be missed I guess....