Member Info for lejjb

The only use of Twitter for investing and trading IMO is to: - follow legit / official communication (i.e. from Simon B or MFDevCo, or podcast release announcements) - spot how many people ramp / deramp it - i.e. this helps identify the likelihood of pumping (but dumpers are quiet) or shorting (these guys are definitely loud on the other hand as they try to take down the SP!) Everything else is noise IMO, esp. as Twitter is even less "regulated" than ADVFN...

No evidence either whatsoever so impossible to have an idea. I note however that this Twitter account has just been created. However, I wonder if that claim was to mollify people to make this subsequent post from the same guy more credible (i.e so that the poster appears unbiased, posting a mix of poor and good news). "MFDevCo first MF agreement to be signed with commencement pinned in for 01/08/18. AM predicts low estimate of post-agreement NUOG market cap to be �56.5m. Placing at 5% less of new SP planned mid-August." FYI, �56.5m mcap = 4.17p per share approx.

That's broadly true, hence all those miners that are grossly undervalued as well. A bit too extreme to compare it with UKOG though, in that the latter may need fracking to get the black stuff out, and there are clear blocks to the grant of the fracking permit by the OGA due to local opposition in part.

"The trolls, shorters, liars, misleaders have been bashing this company continuously for almost the whole time i've been invested here but the problem for them is that one by one all their arguments are being dismantled right before their eyes - and not by me or the other posters on here but by the company themselves as they begin to deliver all the things that they said they would do." That's disingenuous. The naysayers have been vindicated many times: - placing this year: it happened, even though many (including me) were convinced by BoD statements and e-mails that they had enough to carry on till July 2018. - greater percentage of GH rights given away: ditto, we have gone from 50% to 30% - sure, this is still a reasonably good deal for NUOG, but that certainly goes against people (incl. you IIRC) criticizing trolls and naysayers for claiming that a greater portion than 50% would be given away. - flow tests not started when NUOG said they would: we had been given in RNSs timings like "soon/shortly" such as on the 30 Nov 2017, then we had been told that they would be on the w/c 16 April 2018. The flow test still has not started based on the photos shared yesterday. And I'm not even going to mention the multiple unfulfilled MFDevCo deal timings claims and "hints". This business is certainly progressing, but the "trolls" and naysayers have been right for many things too. It's not as black and white as your statements picture things.

And good morning all!

Well done all who sold first thing this AM!

This is actually not clear, as both the original agreement and this morning's heads of terms both speak only of PL2002-01(A). http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NUOG&ArticleCode=0tj4gpqk&ArticleHeadline=Production_Sharing_Agreement_on_PL200201A http://www.lse.co.uk/share-regulatory-news.asp?shareprice=NUOG&ArticleCode=4dcoci16&ArticleHeadline=Heads_of_Terms_FarmIn_Agreement_for_PL200201A

Several shocked people trying to get to grip with it on the PLMO board... If it hadn't been for my time on this M BB, I'd have probably fallen into the trap too.

good morning all - almost belated!

This is not what I wrote nor what I meant.

Sharelock - you are mixing up pieces of legislation: the Criminal Justice Act involves the administration of justice by the police, the courts, and procedure for criminal actions. It provides no guidance as to what's insider trading and comparable things. And saying "it's a fact" does not make someone's interpretation of what is a mix of badly drafted set of laws superior to anyone else's.

In all honestly, Mishcon is not the firm I'd use for advice on financial services and company law, they are not their main sectors - it's IP, luxury goods, sports primarily. However, you will see that even their summary confirms that there are set durations for "closed periods" too. Again, rather than posting another link showing another interpretation of the law from a non-official source, I'll dig up and share the actual rules from actual official sources at some point.

The writer of that article seems to have misinterpreted the Market Abuse Regulations and similar pieces of legislation - e.g. the definition of closed period which refers to the period (a fixed number of days defined by the law) preceding the issuance of financial results. So a company cannot have longer closed period than another, the rules are the same for all. I'll go through the law this weekend.

Happy Friday folks.

Many thanks for the inputs gents. Seadog5 - actually, those restrictions are not as constrained (I used to think otherwise myself.). I'll send the relevant FCA links over the weekend. And I would not be surprised if the Mintys have deliberately profited for months/years from people's inaccurate belief that directors don't buy because "news is around the corner" so as to help keep the SP as high as possible in spite of continuous delays to the "shortly" "within three months" etc MFDevCo deal claims.

Some of you may have seen that Nigel B became chairman of Polemos, a diversified investment company, this week. He's also upped his personal stake there substantially. By comparison, Nigel B's lack of personal financial investment in NUOG has been highly conspicuous to most of us for months / years. Can anyone think of any theoretical way in which it would be more advantageous for Nigel B to invest in NUOG via Podemos than investing in his own name - possibly by benefiting of possible tax deductions granted to businesses on their expenses?

Interesting that Fantasy / BT has also changed his view: he does not think NUOG is going to be delisted after all if he is now considering buying it in the future!

Good morning all!

At least it means he will have photos of things genuinely happening on the ground to share, whether the flow test will have started or not.

https://twitter.com/search?f=tweets&vertical=default&q=%23nuog&src=typd