Member Info for kempey

Azmy... where did you read that? I am just trying to catch up on all of this.

Bugsy-b...thanks for the links. We cant put the drop in oil shipments through the Port of Batumi down to Frontera though as it mainly refers to piped oil from Azerbaijan who sends its oil through the Baku-Tbilisi-Ceyhan pipeline or via its own terminal in Kulevi.

Madpunter....a good and possible analysis of the situation which I would buy into. I think he has held back on the oil sales to make the value of the asset look less attractive prior to paying of the debt.

I'm not up to speed on AIM Company governance rules and regulations so perhaps someone with knowledge can help but can shareholders call am EGM for Directors to explain what is going on. I can imagine it would have to be quorate on a percentage of shareholders but I would think you would get a good turnout from UK shareholders. I can't believe that Zaza who comes over as being a very 'competent' CEO has got us into this position. I just wonder if he was asked to take this route on by whoever the major is in the background. It is not in Hopes interest for the licence to revert to GG which it will do. If the company ceases to exist then Hope loses their money as far as I can see it. If and its now a big if, there is a major in the background then £2m is peanuts to shell out (excuse pun) I would think.

5p...I take your point but if £2m gets us out of this hole and relisted then I would seriously consider it. I am astonished that Zaza has taken this to court given the summary ruling. I would like Zaza to return to London and do some explaining....one can hope!! He stands to lose a hell of a lot of money as do many of us. I'm not sure how wealthy he is but I hope he has deep pockets or good mates. The postscript to the document makes me think he will take this further in the hope that Outrider/Hope will go for a commercial compromise rather than the judicial resolution. IMO Zaza should heed the words in paragraph 50 of the summary and go to a restructuring specialist.

Fair comment Sycric.... we the shareholders could raise the £2m if thats all thats being demanded from a fund raising round not that I want to dilute further but that would be better than default and lose the lot. I'm sure Zaza and his mates could fund £2m between them....then theres the value of the oil so far produced.

Interesting that the judge points the outcome to needing a commercial compromise rather than a final judicial resolution. The discharging of the injunction is a worry as presumably the full amount loan plus interests can be demanded. Can the money be raised through the background major and fund raising from current shareholders? This appears to be an interim judgement looking at the summery statements but still could go to a final court or appeal. Any legal beavers here that can shed more light on the implications. I'm surprised Zaza took this to court and failed to disclose material facts and/or present the merits of the case.

Interesting that they sold UKOG to buy GGP...they must be confident that GGP have found something special.

Just wondering if SS would host a shareholders (those interested) visit to the Horse Hill site. He has had local politicians, planners and local residents visit and has a viewing gallery I believe. Pub just down the road for lunch. Might make an interesting day. Any views?

£360k buy....thats confidence for you. You don't let that sort of money go without Due diligence. Even an II will have had to look closely at the potential.

Excellent points Tiburon. It would be a foolish business decision to ignore Havieron when you are so close and have a depleting mine operation in existence. Even majors rarely make illogical decisions.

Usual start with MMs chasing stop losses. It will be interesting to see if there are any consecutive blocks of shares sold in round figures.

It was jd. I said the only price to concern ourselves with was the final trading prices of 1.85/1.86 and he disagreed saying 1.80 was the final price. For me that was simply MMs balancing the books. Having said that it could have opened lower or higher I guess depending on forward orders with the MM's.

Jd...at the moment looks higher than the 1.80p closing price yesterday!! We may both be wrong!

DJ.... I think we can ignore the last 2 trades and focus on 1.85/1.86 as the closing real 'trading' prices. As you say MM's just balancing books. Totally oversold today!

RSI at 15.5 totally oversold. If large seller is also out then this could re-rate by COP Friday. Great buying opportunity at 1.80p though. Well done to those who topped up.

Eric...fully funded until 2020 for all commitments!! Read the RNS's

1.85p to buy now so hopefully rebound started. Should an interesting last 30 mins.

Can't check at the moment but I thought it had crossed below the 30 mark so at 15.88 it's very oversold. Expect a rebound.

News...what do your charts say is the RSI? Oversold??