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If they were hoping it would dry up they wouldn't have said they are looking at making it (possibly) a water re-injection well.
Not sharing this info prevoiusly is very disingenuous from ukog.
SS needs to issue something of significance shortly or this is going nowhere
A couple of weeks ago I posted that I'd cashed out at a 22k loss due to the lack of news and declining share price. I did however say I would buy back in on a TR1 rns, fortnightly I ignored my own advise and picked up 7m shares yesterday (in a few chunks as I couldn't buy in one go) at 0.23. Just need 0.52 to recover my previous loss and think that will come very quickly.
The only slightly bitter pill is I will need to say thank you to backwoodsman as his tip on aston martin gave me an extra few k to play with.
Lemon,
Been in and out of this share for 2 years and the last 12 months on this board have been like this. Used to be ok for some discussion and history on the company but now the only reason I look in is to check on tankers and see how hard the derampers are pushing. Good luck but I'm out until I see another good TR1
So Tymers thinks 5p within 12 months and someone has pointed out that's a 2400% jump....
Forget about the share price for the minute and think MCAP, what would need to happen for the MCAP to jump to 400m? (I know that's not 5p btw)
CPR saying decent reserves would make it jump a long way but how many bopd would we need?
So let me get this right...
UKOG felt that having YA convert shares (at a very dodgy 90% of the 5 day vwap - someone cant do simple maths) was bad so paid them 10% interest and closed the loan.
To do this they (effectively) borrowed money from WH Ireland at 17% making that 1.75m attract almost 30% interest?
At what point do we need to make a complaint to the FCO?
I sold at a 22k loss the other day because I couldn't see the price moving either way for a while and have been making some of it back in AML but now see this going down further. All because of the BOD as I actually think well managed this could be a 400m Mcap company.
Gutted
Crocqman, I only picked 10% as the long discussion the other day was about Canaccord not needing to notify other than in 5% changes due to them not being on LSE. Do I think they will buy 10% of UKOG, not sure. On one hand thats a large percentage holding to have on one stock on the other the price is so low it is no more than a blip on Canaccords balance sheet.
I agree later this year is what will be telling and am also surprised that we have had no update. They should be doing an RNS based on something that could materially change the value of the company and manning back up post lock down would be a key one for that wouldn't it.
Again your being very selective with your time frame in pumping other shares, UJO are just back to the share price of 21st Feb so all they have done is account for the big dip they took in March which was a 50% decline in a couple of weeks.
OK UKOG has declined further than that without the recovery (so at a slower overall rate) but thats due to the share issuance which UJO don't have to deal with at the minute. The last month for UKOG has been flat so hopefully it won't dip below the 0.2 barrier but who knows.
As for calling me a delusional idiot all I'm doing is pointing out that your figures are skewed.
I think the share price is undervalued purely on their assets. I do agree with some of the more negative posters on here that UKOG have a very difficult road ahead and feel that SS should be replaced as CEO with someone who is more business / PR minded, I'm not say get rid of him just move him sideways into something like the technical director role.
With the decisions they have made I think UKOG are very high risk and if I wasn't already invested would not be looking to invest now until the CLN is cleared OR a good CPR is issued OR the TR1 saying Canaccord have moved to +10% came out.
Will UKOG succeed? That unfortunately is anyone's guess at the minute as it is more about the people running the company at this point than the company itself. For myself I wish they do come out of this (and as long as they have not been misleading us about HH2z they have a chance) as I don't want to tell the wife I've blown 30 grand.
Blockwitch they are 304 down from over 500 in Feb so thank you for supporting my argument that your a scaremongering t@@t. Before calling me an idiot try actually checking what the share price has been doing over the first half of the year rather than say the last week.
Davac, The article won't help and is intentionally written to be like that, loads of the MF ones are the same as they then try to push a paid recommendation. Personally I think they sail pretty close to libel at times. I'm down about 23k at the mo but won't be cashing out as the CPR could well turn things around. Watch out for the next TR1 if Canaccord have increased their holding I will average down to get below 1p.
Blockwitch your talking poop Shell are at 50% of the 2019 share price, that is pure misdirection.
Oh and before anyone starts I know that mcap and number of shares in issue are not directly related but to increase mcap there needs to be pressure to buy. When everyone is worried about a placing and their investment being diluted it has a negative effect on the pressure to buy and harms mcap
Thats the thing isn't it Ohmetoe, the bloke in charge. I think hes a cheeky fu@@er with that bonus given the way the share price had gone.
I've got 2.3m shares at a 1.21p ave and was looking at what it takes to bring me below 1p (£2k) but I just don't trust the BOD at this point.
As long as HH performs I don't see why the mcap cant be well over £200m, hopefully more like £400m but it will all hinge on the BOD not ripping the arse out of the number of shares in issue
That being the case and you not being invested why don't you do one then.
You obviously have an agenda based on taking money out of the pockets of the holders. Shorter or just lower price point I don't care but you spend far too much time on here for someone who is not invested.
So we have a holdings in company announcement today for Tellurian. They hold 514M shares meaning they have only sold about 72M in the last 3 months, holding on to many more shares than was being touted on here.
Good news on one hand - looks like they may have a bit more confidence in HH than was the general opinion here.
Bad news on the other - them selling was one of the reasons being used to explain the SP drop.
It remains a buy for me but I will be looking for progress this summer/autumn or will need to think seroiusly about cutting my (20k) losses.
When I first started looking on here about 2 years ago I found it quite useful, there would be posters adding links to docs and sharing some proper research. The Twitter boys would be posting picks and there seemed to be some good discussion. I even found some of Seadocs posts useful if taken with a reasonably large pinch of salt.
However the last 9 months or so have been a constant blasting of such utter crap and petty arguments that this is hardly worth looking at. I only keep it up because I refuse to join Twitter so it's good for the foth updates.