Member Info for Ilovesushi

The rig is on standby on location at no cost whilst the testing program is decided upon. The petrophysical analysis is expected to be concluded within one week and a further announcement will be made regarding this further analysis and the agreed testing program in due course. Drill baby drill. It’s on standby, let’s start it up again. In any direction just drill. 200 - 300 meters away. If that comes up as the same 6 meters of pay thats a lot of oil. This could be a great play. Cheap and quick to drill. This could be a money making machine. Next drill could be 100% expected success rate. The whole project no de-risked and could be a good earner.

This share price does not include Mako. Dear me.

The company has known for some time that there could be delays to the accounts surely? Why wait for the last day?

The suspension is NOT because of a new auditor, its because the company must make large provision on HH probably with right offs of zero value or even worse, payments to put the land back to the original condition. So payments for land damage or something which makes the company NOT a going concern.

What idiots were just paying 0.015 earlier? The company is NOT a going concern and needs more funding again. Why the hell buy these shares when you will be diluted with billions and billions if not 10’s of billions at 0.0025? Crazy

I change my share price prediction.

From 0.005 to 0.0025

One final placing. That is if the Turkeys vote for Christmas again.

Why do people vote for placings? I do not get it. Let the company fold.

Last day to get out is Monday.

Probably issues around the company as a going concern. Its possible it will “NEVER”’return from suspension.

The company needs more funding. It’s stupid to expect the British Government to give UKOG any money at all.

Its a placing on coming out of suspension or the company never comes out of a suspension. Either or.

Last day to trade before suspension will be Monday. If it ever does come out of suspension (its a possibly it will never come out of suspension) its a placing at 0.005.

Obviously going concern issues could eventually ditch this. The company cannot go on with the idea of funding by the government. Who wants to be diluted again with a 5,000,0000,0000 placing?

The end is nigh.

Suspended on Tuesday to be exact.

Temporary suspension. If they do not get another placing away it will be a permanent suspension and the administrators called in

History of failure but time and time again Pi vote for dilution. The Pi here would probably vote again to be diluted. And again after that. 0.005 coming.

Top 10 riser now. Up 19%

Double Triple Quad Bagger and upwards.

Haha

What a joke. 3 coins? And could be good for collectors? Because the coins are rare? Perhaps it can sell 3 a year and have enough to pay for salaries? The thing is the whole venture is NON commerical. If it costs more to mine than it does from selling what in mined there is no business here. You cannot expect the company to be profitable from selling gold just because it is from Wales. The more coins it sells the less rare it becomes and the lower prices it will get.

THIS VENTURE IS NON COMMERICAL AND THE COMPANY AFTER IS SELLS ITS 3 COINS, is not far off from administration. There is not enough gold in them there hills and what is there costs too much to mine. Even with the high price of gold now this place costs to much to get out the gold. Selling 3 coins? Silliness.

0.005

If it ever were to get some money from the government how that money is spent would be controlled and have different ring fences. Still UKOG would need to have its own cash for running the corporate departments keep its listing and wages and other things. I cannot just spend that money if it even were to get any.

The company is already putting in plans for the NEXT FUND RAISE. Watch out for the next GM where one of the resolutions will be for authority to issue shares. And maybe some share reorganisation. Great pointers to what is coming next. Why do these things if money incoming was secure? The company is decades away if at all from monetisation. The company is kept afloat by PLACINGS and one is being planned. The funny thing is you will all vote for dilution. You always have. Big one is being planned but of course lots of promises will be made first then broken later. The company will eventually when Pi get sick to the death of placing end up in administration.

A sole customer. When they are gone nothing is left. Still even with this contract the company is not a company at all and will need more and more placings. There is no profit from these deals with this defence company.

Sharebel must still be waiting for his "TEENS". Cannot remember if that meant 15 pence or 16 pence. Way out now. How embarrassing.

Anyone else reducing? Worrying time if your a shorter. Best be out just in case a leak is given to the FT on a take-out price. On a leak it would be impossible for a shorter to actually close. This could jump fast with shorters forced to pay almost anything to get out. That would be nice.

UKOG is going cap in hand looking for handouts. It makes money not from oil or gas or will it ever make money from hydrogen, it makes money from selling shares, always has always will. The next placing is already being planned and like always like Turkeys voting for Christmas you will all vote to give the company authority to issues shares.

Depending on government handouts will not help this company. A history of failure where only the boss makes money and is kept in a nice lifestyle.

I am surprised the company will keep trading, dependant on shareholders agreeing to authority to issue more shares.

I do not believe the company can generate cash so more placings will come. Any money made just pays off loans. Nothing here for the shareholder. The company was in worse state than many thought. It survives for now. Managers will get their salaries. Supporting companies will generate a tax loss no doubt. There is no actual profitable business here or will there ever be.

5 billion shares

5,305,000,000

The whole venture is non commercial and makes money not from wood but paper. Share paper. Avoid. It will be back with more paper.

Costs more to mine than sell so this welsh business of mining gold is non commercial. The company will now be wanting more money and it gets money not from gold but by selling shares.

3 gold coins? What silliness is this? It will lose money by selling these coins so whats the point? A novelty?

Next placing cannot be far off.