Member Info for JiffyBag

Cheryl Baby,

I'm down at the Mo, but I ain't out!

Confidence my Girl, Confidence!!

Tankers Galore!!!!!!

Well said Rusty,

Both JBG and Scandic [prolific De-Rampers does pose the question, are they paid Derampers to aid the shorting agenda of their Masters?

Certainly makes you think so.

'I hold here but like to play safe'

Durex is your friend. :)

Sounds reasonable to me, but who knows the markets are irrational at the moment.

****
Share based
payments are non-cash remuneration by way of the issue of share options in the company

Options being the operative word.

Scandic Have you looked at UKOG’ plc accounts and the notes in the accounts. ? No I thought not.

Qwerty,

If the Asset Value increases, so 'Ceteris paribus; applies for UKOG too. :)

Hi Wizard,

Re: 'There has been plenty of speculation that HH is for sale'

Where has that come from?

Personally, I would hang onto HH for the time being, simply to milk it for all it's worth in terms of generating cash for UKOG, unless we are talking serious Wonga.

The last thing we want now, IMO, is for any further dilution to develop other assets just yet hence the need to accumulate cash from HH for as long as possible.

I am of the opinion that cashflow from one well should/will fund the next and so forth, and from what I recall of SS's last Sharetalk interview, that I think was what he was saying.

Sorry Chitty, Got to disagree.

'A CPR is an opinion. An RNS swings the market with facts'

Wrong, an RNS is an internal Company announcement, whereas a CPR is a valid independent analysis, that carries more weight for investors to make an informed decision.

Alfie,

http://gaffney-cline-focus.com/the-competent-persons-report

All is explained in the above link.

A CPR is a very important document because it provides investors with information such as ,

'Reserves (Proved, Probable and Possible): those quantities of petroleum that are anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions'

'A second key part of the CPR is a “valuation of Reserves”, which is required for AIM but optional for the Main Board. In fact, what is presented in the CPR is not a “market valuation”, but an “economic evaluation of Net Present Value”. Market valuation of the listing entity is performed by the Sponsor or NOMAD in setting the share price. The economic evaluation in the CPR usually takes the form of an estimate of the post-tax Net Present Value (NPV), at a 10% discount rate, of the forward cash-flow of the projects associated with production of the Reserves, under certain economic assumptions, which must be clearly stated. '

All good stuff:)

Chitty,

Hows it going?

You do rather sound as though you distrust Lemongrass:):)

Noted that your view has changed considerably over the last year, are you still in or out?

JBG,

Re: 'StarBright, everyone is assuming KL4 is now being tested. No confirmation has been given yet via RNS...That is my my point'.

Pretty obvious, we are onto testing KL4 IMO,.

Why do I say that you may ask?

You have witnessed the crane removing the pump, and you have witnessed the crane (via the Eyes) putting the pump back on again have you not? and you have witnessed the Flare re-starting, etc, etc. The same sequences took place for all previous layers.

The pump is not taken off just for the hell of it, is it?

Granted we haven't seen an RNS to say KL4 has started, but IMO and others observations and posts I cannot see why KL4 is NOT being tested as of now given the timescales etc.

I think you are trying to cast doubts again where none exist.

Personally I'd rather listen to KarlovyVary, than Jimbob 2

1. Buy a box of Kleenex Tissues and use all.
2. Dissolve a teasoon of salt into a glass of warm water and take nasally.
3. Drink a quarter bottle of Glen Dhu whisky.

Works for me :) Campers!!!!!!!

https://www.youtube.com/watch?v=HA93MPwU828

This one, 1986

I never saw Queen Live, would love to have been at the Wembley Concert

https://www.youtube.com/watch?v=_cO0UpDqkJw

By far the best strategy should you believe UKOG have a future, is to buy and hold and wait, forget day trading it's just beer money at these prices and spreads.

The more that hold (in the belief of course that the company will become cash generative and profitable) will be the outright winners in the end.

Yes I'm sure naked shorting does happen, but can you prove it? that's the issue, who cares?.

Note for you Scandic, put them in your drawer and stop posting every other day.

Wulbert,

Re: Might it be possible to create a "Long Term" market

That in itself is sounds very appealing to me with respect to HUR, given the story so far, ie offer Bonds over and above of standard equity shares? ie, long term instruments to Joe Public, why indeed not?

Might reduce the volatility and shite that plays out on the AIM market.

Only PI's never seem to invited to the Bond table other than when Equity placings are on offer:)

Personally, I think you are right in your evaluation.

It takes time for the market to absorb potentially good news and be reflected in the SP.

My strategy is to hold and wait for the longer term.

If what you say is what you do, then do it in silence:)

JBG, Your words not mine:),

'That's because I am a swing trader, I look for shares that have dropped and risen too far in order to make a profit from a trade. '

Add to the above, Sowing Seeds of Doubt?