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Thats fine but why can't we have a great geologist and a great CEO

Yes it is definitely time for Sanderson to step aside form the position of CEO, I said a year ago that while he may be a great geologist he is a very poor CEO and clearly doesn’t understand what the role entails and represents and seems to be completely unaware that his first responsibility is to the shareholders.

I’m sorry, but as I've said it before I used to own several warehouses within my business and within those warehouses I employed some great fork lift truck drivers who could turn their trucks on a sixpence blindfolded….but that didn’t mean they were competent at running the warehouse and in my opinion SS having run the ‘warehouse’ for the last five years he has shown that it is just not his forte.

The SP has been on a downward trend for 2 1/2 years and is now in free fall and still ‘silent Steve’ stays silent, any CEO worth his salt if he truly believed in a successful long term outcome for shareholders would be dipping in to his own pocket (even £25,000) and saying ‘guys everything's fine and on track and to endorse the point Im investing in some shares’…..and for those that say ‘its in a closed period’ I don’t buy it because that has been the same argument for over 2 years and it plainly isn’t the case…..unless of course somebody can find me an eg. of another company that has been in such a period for more than 2 years.

Why was it that we were able to get a placing away in May 17 for £6.5million @.8 pretty much on a concept yet now we have a lot more percentage of HH, planning and oil flowing but ever since SS has only been able to raise funds by using this YA nonsense model which is solely responsible (because of the way it works) for the continual decline in the SP since the 'loans' started to kick in at around 3.5p.

I imagine that the 1.5million sell was YA achieving their 10% after yesterday’s latest issue price so hopefully while we are all stumbling around with the mushrooms and being kept in the dark as to what’s actually going on at the moment that will maybe create a floor to the SP for the time being.

This share has been in decline for over 2 1/2 years now and while I have been averaging down to reduce my losses when I last bought at .94 I really honestly thought that that was the bottom and I was clearly wrong, I have been invested in UKOG for 3 years bought low as well as buying on the rise up ....but no more averaging down for me.
Debt laden PMO announce an acquisition ( and yes I know it’s a different situation) and the SP rises 15%, SS has announces endless acquisitions over the last 2 2/1 years and every time the share price has fallen, the fact is this is his first position as a CEO and it shows, no interests in the share holders, vague RNS’s and it appears on several occasions economical with the truth.
I remain a holder for the time being and thank my lucky stars that the “train has left the station” because God only knows where the SP would be if it hadn’t.

PCT I’ve been a lth for what I would describe as a very long time and remain so but the fact is we have had a year of lots of missed timings and a string of very vague and certainly not definitive RNS’s , one thing you can’t do is state that along side UKOG UJO have had a terrible year....their Sp started the year at around .11 and look like finishing it at .16, we started at around 1.30 and look set to finish it at .875.....their year doesn’t look that terrible.

You do make some good points regarding progress but I think if we are all honest where the SP is finishing the year...... it is extremely disappointing.

It has to be noted that last Friday and today the markets have been blue pretty much everywhere on nothing much more than the election result........yet at a time when we are led to believe by our CEO and recent RNS's that UKOG are on the verge of something big we still manage against the tide to languish in the red.
That has to be a concern and outlines just how much sentiment was damaged by the outcome of BB after all the initial positivity from SS's and the shambolic way he allowed it to unfold..........I'm banking on lightening not striking twice!!

I’ve just looked at the first page of responses and it’s all pretty much about fracking and earthquakes......these people are either uninformed, not very bright or just hoping that if they say something enough times it might come true.
I would like to assume that the body that issues the EA permits has a better understanding of the situation at Horsehill of whats actually going on.

Well one thing that appears to becoming clear is that the party that took part in the placing was likely once again to have been a speculator rather than an investor and with the absence of any holding notification it would explain all the bulk selling (forward selling) that appeared beforehand although I do still hope some of it was Tellurian off loading.
I have to say though I am getting a bit tired of all this ‘mates rates’ stuff (not to mention the constant dilution) and still haven’t forgotten the ‘mysterious’ £2 million placing that came only a couple of days after a £5 million raising from YA which at the time was suspected by some to be a convenient opportunity for somebody to close a short......who knows

Ss’s contempt for share holders is shocking and as most things have been covered this morning so there’s no point in me repeating them...but what I am worried about is there is more to come in a couple of months because he has already primed us for yet more sharecoin with another £4 million that’s on offer from YA......One things for sure the bookies wouldn’t even take a bet on whether he’s going to take it.

What makes no sense to me is that YA are officially converting only £150,000 a time which amounts to 15/16 million shares and taking 4 weeks to shift them which is less than 1 million a day which is tiny.......yet somebody is selling blocks of 5million, 4 million, 2.5 million and any number of 1 million chunks and has been for weeks

I just hope it’s Tellurian because if it’s not.... a) there is still a heck of a lot of shares to shift before this drag is lifted....and b) with SS’s already having his eye on taking another 4.5 million off YA in sharecoin ( and if he does that really will be once to often for me) this may not clear for another 12 months ......and I will become a very unhappy investor.

2.30p

Dodge... I wasn't suggesting for one minute that he deserves any credit I remember the endless ramps and the 'do not engage' and 'do not reply' posts that Ninetails quite rightly reminds people about when he pops up form time to time and yes he is a nob.

My point was that when he posted that he was immediately told by many that it wouldn't happen because the SP would be rising on all the good news and their shares would be gone in a thrice......and yes while the likes of you I leewyane and certainly many others understood that there would be drag on the SP many obviously didn't and still keep asking on a daily basis why we are not 2p.....

Regardless of everyones views of DHC he called it right about the effect on the SP form YA, I have said something similar in the past but I guess because I am heavily invested hear I probably got away with it, there is no getting away from the fact that until there is a favourable CPR, SS releases proper flow rates that actually tell us what the flow rates are or the Eyes manage to video oil shooting up above the trees Red Adair style....YA will be dragging on the SP for a while to come yet.

Well what a surprise !!! ....It states they are issued as incentives to reward employees ....rewarding for what...the sp is around 1p and there are 3 billion shares more than 2 years ago and they already have cheaper options they haven’t taken up.
These options might be a reward but they aren’t an incentive, an incentive would be to issue them at an excise price of 5p....they can’t keep rewarding themselves for jam tomorrow......really poor the way SS continues to treat shareholders.

Im pretty sure the market will think the same and as a result expect my holding to be worth even less by the close of business.

I’m well invested here so I want nothing but success but it’s clear to me that SS’s see it, smell it ..touch it RNS’s 2 years ago regarding BB that ended in disaster still haven’t been forgiven by the market and he still hasn’t gained back the trust he lost, add to that the endless dilution and the huge overhang we now have of shares waiting to hit the market I just can’t see any upward movement until the end of the year when people can see the first new drilled well actually producing oil.
While I didn’t see 3-4p over the next couple of weeks I genuinely thought it might have settled around 1.60-1.70, my concern is that people are now expecting 900 bopd from the next well and anything less will again be viewed with a negative market reaction because SS will be viewed to have over estimated again.

Having seen the SP’s reaction over the last week (very underwhelming) I don’t see the rig arriving giving it much of a boost and now feel that because YA will looking to convert (although I do think they have now shifted some already) at any opportunity this will hold the SP back in the 1.15-1.20 range and I just don’t see an uplift until either at least two new wells are flowing with good showings or the the CPR is released .......sorry to sound so negative but I think if investors are honest the SP reaction over the last few days has been pretty disappointing.

I agree Oakleak, I posted this morning that I thought the large sells if they weren't what was left over from earlier buy outs it was the start of YA forward selling

I’m hoping these big sells are forward selling by YA which would be a good thing with regards to the SP not being held back so much when their shares do start hitting the market ......Although it maybe be former partners that still have shares left to sell from the buy outs

JPtop7 I think you will find it was part of the forward selling that has been going on today and for the last few days..at least thats what I think......hence the share price drop today of 4.5%

I think it will about 2.30