Member Info for kempey

So BMS..... what would you like us to do?

BMSavings.....I don't take any company info at face value...I like many others do as much research as I can, attend meetings, listen to the CEO and read carefully and critically RNS's and decide whether to invest more or sell. Taking all that into account I consider FRR a possible once in a lifetime investment given the considerable assets. Hence I have a large number of shares purchased over the last three years. I do not understand why, if you are not invested, you are on this board telling, or trying to advise, us to sell and that the company is doomed. I can only think you have an alternative agenda. Most, though not all, on this board have plenty of investment experience and can make their own decisions. They understand the implications of injunctions and court proceedings. What is your interest in FRR? You posting record shows contributions on only two companies. What is the problem with NAUT your other company apart from it being a disastrous investment. I think they need your help and guidance more that FRR!.

BMSavings gives his position away by using the terminology "The issue YOU have is that FRR cannot do anything with the assets" If he said the problem WE have then I might have believed he is invested and was trying to make a valid point. Clearly he is not.! Spelling caught and not court!!! Really! He really is someone we need to listen to......not!

Tattie..... the buys you see are those declared. There could be large orders as yet unfilled and thus undeclared at this point. I would suggest the MM's have a large order in the background...perhaps a II which will take some filling and if they have agreed a price then the price will be kept down. There could be some big shorts out there trying to buy back in.

Conkers... exactly my point. It's the quality of the asset that will raise the shareprice and MC. In fact BP have 4x the number of shares in issue than UKOG but far, far greater assets. I would prefer to own a greater % of the asset even if it means more shares in issue.

FRR have 15 billion and now have 2 majors looking at their assets. BP I believe have 20 billion shares in issue. It's the quality of the assets that are important. For me this is a good move and shows confidence in what they have. Also less complicated for a buyout. I wonder if they will go after Magellan' s shares?

2019!!!

RR.....l hope Zaza and us more than double our money. That would only be just over a penny for Zaza. To recover the costs to date someone said would 4p minimum. On this basis I would be hoping for 5-10p for a buyout , a decent dividend for a JV or farm in and an increase in share price 2-4p plus all cost paid for the next 10 drills. Personally I would welcome a buyout and then reinvest profits in Moldova.

Third rock....not my understanding of a NDA. They will have seen the initial data and have said we are interested and want to examine the data in more detail. A NDA stops the company from giving out the detailed data to the market which might result in a dramatic share price increase which makes it more expensive for the company to JV, farm in or buyout. It gives them first offer on the assets and stops other companies from making informed offers as they will not have had the data to carry out due diligence. The initial data must have retold to interest two majors imo.

JBG...Greatland when under a NDA dipped after the initial rise then rose continually until Newmont walked away.I can' t remember the exact rise but at least 100 - 200%. With two majors in the frame and given the size of the resource I would hope at least one would JV or farm in although I can't see why they wouldn't buy out FRR totally as it wouldn't cost that much for a major.

Take off the 151m (if a buy but showing as a sell) from the 250m sold today and buys outnumber sells even taking into account inaccuracies in reporting so we should be rising towards .5. We are not so I assume it's a sell and the Mms will hold the price down untill the sell is cleared. If the sell is from a Director (unlikely with two majors taking a look) would they have to declare it? Are they in a closed period following yesterday's RNS?

It didn't stop the rise to 0.425 so possibly a buy which took a day to fill. In addition there was no sudden drop which I would have thought a sell of this size would have triggered.

In first 20 minutes for this to move much but this will swing round within the hour and 0.5p quite possible today. I'm surprised at the sellers but some are holding many millions and are probably not off-loading their total holding.

SS would not have bought Solos share if this was not going to be commercial

They've got 19m+ from last trade yesterday to get rid of first.

Mm's have pre open orders ready to fill at 8.00am so price starts off higher than yesterday's close. Good sign.

I'm not surprised either. Whilst I am lth of UKOG I have always felt a bit uneasy about drilling at Holmwood. Unlike HH, Holmwood is in an area of outstanding beauty and as Oakleaf says the road access is awful. I'm sure they can find a point a bit further south and drill horizontally if Leith Hill is a sweet spot. I wonder how near UKOGs licences area comes to that Holmwood site. I will take a look later.

I expect to see an offer this side of Xmas. Majors will be well down the road on data analysis and will be discussing terms of JV and price if a farm in. Zaza may be right in terms of Xmas pressies. He didn't say what year though!!

Could one major JV on the oil and the other major JV on the gas I wonder. If both are interested in both oil and gas then a bid war is a possibility which should move the price significantly upwards.

Scooping up as many stop losses from the start!!