Member Info for HeadInTheSand

ThomasFoulser, stating immediately verifiable facts really cannot be considered as "deramping".

The problem for both you in your childishly obvious attempts to persuade others to catch the falling knife and the company itself is that there are precisely no facts to support your frantically peddled assurances of jam tomorrow.

As OP said, the next set of production figures will be interesting when set against the chairman's statement that the field is now producing less than 700,000 therms a month.

Mind you, holders need not worry, because Mystic Meg Onetomany is busily assuring anyone gullible enough to listen that production volumes are apparently irrelevant.

Suuuure. Revenues are meaningless to a company laden with debts, plus permanent 8% royalty payments on all production revenues generated from existing wells, plus recently markedly increased hedged volumes at markedly lower pricing.

Comedy gold again.

...and if the Cloudtag website is to be believed (one hell of an ask, but still...), there are just under a billion shares in issue.

Best advice? Really don't go holding your breath. Not least because the last 30+ updates made by Amit have turned out to be utter BS, when measured against cold, hard reality.

We should also be discussing the chairman's words (as per hus recent competence-free interview), where he categorically stated that Saltfleetby is only averaging 2 million scfs of gas production per day.

That's less than 700,000 therms a month, which is about 25% of what it produced, immediately following the drilling of the sidetrack.

For those inspired to check, he makes this announcement 42 seconds into the 'interview '.

That is ighly significant and more than noteworthy news.

Back on topic (Zielicki's cack-handed interview), at 0:43 he states that ANGS is producing "um.. you know... around uh... sort of around two million uh... scuffs a day."

Two million scuffs a day? That's well under 700,000 therms a month, which is way waaay under any hedge levels.

That's one whole heap smaller than the "around 25-30% less than when all 3 wells were at their peak" that ThomasFoulser claims. It's 65-70% less at best.

When combining this revelation with the fact that SFBY seems to have produced no gas output at all over the last 4 or 5 days, one is forced to wonder WTF is going on.

One of the biggest clues to those being less than sincere on LSE BBs is that they bother to set their opinion per post to "Strong Buy". (Like that's going to entice anyone in, but they pretty much always do it, just in case).

Genuine posters can't be bothered.

...or he's inventing a reason as to why he's not buying.

...or have you learnt your lesson after your last fiasco?

Care to put a timeframe on that rerate prediction?

Another prediction? You're the genius who told anyone stupid enough to listen that the ANGS SP would treble to a minimum of 1.5p by the end of March 24.

Keep 'em coming. It's like open mike comedy night with you.

You have to laugh at Mystic Meg. Never once right, despite all his desperate prophecies to the contrary.

Mystic Meg's latest prediction is fated to turn out every bit as inaccurate as every single other one he's ever made.

"...and have the balls to see them out once you take the plunge."

How in the world does that take "balls"??? Holders literally have no choice but to wait in limbo for as long as Amit sees fit (or starts being truthful).

ANGS and its PR shills desperately trying to get the 30 day VWAP up before issuing c. 130 million new shares to Mercuria and Aleph under the permanent 8% quarterly ORRI royalty arrangement.

Not going well.

The quarterly ORRI payment to cover Apr-Jun 24 is imminent. It'll either be paid in cash (pretty much zero chance of that) or extra confetti.

If the former, it's going to be about £390k, or if the latter, it's going to be about 130 million new shares that need issuing, given the 15% discount to 30 day VWAP.

"Amit owes shareholders a clear explanation of what exactly is holding up payments… I’d find it hard to believe it would breach any NDA by doing so."

It seems that pretty much everyone else also (and quite sensibly) finds Amit's much-proffered excuse "hard to believe". On that basis, it is reasonable to assume that Amit is not telling the truth on this specific issue. And if he;'s not tellign the truth about that, it is equally reasonable to decide that he's not telling the truth about anything.

Let's face it, he's got serious and for that matter undeviating Pinocchio form, as displayed since CTAG first listed.

The "debt free" claim made me laugh out loud too.

However, leaving that nonsense to one side, given that UKOG only managed to raise a nett £150k, how on God's green earth is it going to afford even its monthly salary costs for more than a few months?

The end (which only means the point at which UKOG can't afford to pay Snout-in-the-trough Sando his monthly salary) has only been postponed for a few months.

No, Swill Snout Sando will not do that - the PR Ocebot continues to do its pitiful best to polish the unpolishable.

Sanderson is going to have to do something by autumn - another placing, no doubt, presuming he can rig the vote again with the Employee Scheme to get sufficient authority - in order to keep paying himself.

Penguins has (unsurprisingly) got his sums spot on.

After paying off the balance of the convertible loan to Riverfort and all attendant fees that arise from so doing, the company is left with c. £150k. As has been pointed out, that's less than the amount needed just to cover off Swill Trough Sanderson's obscenely large salary for a mere six months.

However, UKOG has claimed other plans for this piffling £150k sum., namely:-

a) The remaining funds will be used directly to further the Company's material hydrogen storage projects

and

b) The funds will also permit the Company to fully prepare and engage with further prospective strategic partners to seek, as a minimum, Letters of Support

What, with the 10p left after Sando's creamed his July-November salary off? Exciting times...