Member Info for gogadget

On a positive note it was yesterday the short appeared. So they have already lost money....

Bit of a disappointment to see a short of 0.51 appear, shorts seem impact a share price direction more than longs, but shorts don’t always get it right and hopefully this will be the case here.. if a negative RNS appeared 7am Monday morning then it’s damn likely a result of inside information. Shorts should be banned.. deliberate attack on companies values and sentiment by themselves or buddy editors/ratings agencies publishing negative ratings and reviews/articles to drag the prices down, should be illegal and classed as market abuse.

I’m thinking RNS in the morning after today’s share price action and Vos Paradise now almost back in Great Yarmouth after spending a couple of days at Blythe. 5 day drilling including Sunday @ 250/300ft per day, Total depth may have been reached.

Up on the top risers board again today will draw people’s attention.

Rather leave a crack head unattended with my wallet than trust Sanderson

Mannan

Dude noticed your invested in UKOG and ramping over there, bad choice, be careful, CEO Steve Sanderson is the biggest conman in oil and gas industry, he tweets pictures of perforation guns, bottles of oil etc to hype up the share price, carries out a placing to fund his lifestyle for next few years then announces wells a dud.... happened several times and history repeating itself again with latest well...

Be careful trusting Steve Sanderson, I got stung big time on the broadford bridge Pantomine years ago...

A flurry of buying taking place.

Yes been there since yesterday evening, does regular trips with supplies, diesel, drilling fluid swap etc.. total depth could come as early as Friday with 5/6 day estimate from resuming drilling on sunday.

Employ Keith hill as Tullows IR consultant, more info on Kenya in that transcript than what Tullow will give in its trading update next week, why the need for 2 farm down partners? Both Indian oil corporation and ONGC have market caps circa $2t each..

Https://s201.q4cdn.com/439848451/files/doc_downloads/fleet/2021/Rig-Details-Noble-Hans-Deul.pdf

The drilling rig has its own tanks for drilling fluids etc.. the Vos Paradise is for loading and unloading items and fluids etc and does regular trips to and from Great Yarmouth. there is a standby safety vessel called Esvagt Champion in close proximity which is a requirement

Top of the risers board... should attract attention

I expect daily rises up until the end the week and a further RNS next week. I May see a decent profit on this one.. took a massive kit after putting 20k in at 18p for it to tank, put more in at these prices and average now 10.5p.. 14p and I will be happy

Watch IOG hit the leader board today.. very positive RNS on drilling resuming after well issue rectification. Very important well as regards share price

Patel my bad I read your post wrong... I found a article saying Kenya book value was written down for tax purposes by $410m to the $256m stated in the last update.. although says will be worth significantly more upon successful FID and production licence.. previous yearly results state various tax allowances figures dependent on oil prices at the time etc for exploration costs associated with Kenya, some of these figures are in excess of $1b for their 50% share. In the 2020 results the total write down costs are there for sale of Uganda, do with the sale price of $575m, there was a impairment write down from memory of over $300m, although with the royalty associated payments, over time a significant sum will be achieved. I do believe Kenya will attract higher amount than Uganda if successful.

Abit of positive news for once. I estimate another 5/6 days to total depth.. based on drilling speed prior to issue they were drilling just over 250 foot per day...

Market cap was $800m last year at 55p, previous year $940m at 65p

Very important Kenya is pulled off, based on 2020 asset value declaration I’m thinking a farm down of $750m for 40%, 10% retained by Tullow with farm in partner covering Tullows development costs.. Indian oil company that was rumoured to be interested last year are valued at $1.18t on the NSE.

A lot of buying activity over at IOG, looking like Blythe 2 well repair has completed and drilling recommenced on final 500ft to total depth.. ALOT at stake on this well.. If pays of thei will be putting the rewards back into TLW to lower my average

Looks like the whisper has got out that the drilling has recommenced on the final 500ft to total depth... share price spiked north. Vos Paradise support vessel been anchored of the coast of Great Yarmouth for a while awaiting further instruction. Esvagt champion standby safety vessel in close proximity to rig as expected during drilling activity.