Member Info for LONGWAIT

'we are holding tight those golden tickets'

(Tymers' impersonation of James Parsons)

Anyone who held tight his golden tickets in SOU or UKOG has seen a fall of 98 percent.

That doesn't mean neither will ever recover, but holding tight is not always a good idea.

You sold at 12p, Levs, but don't think now is a good time to buy, at just under 11p, because of a 'ceiling' on the price.
What are you waiting for - a return to 7.2p?

Tymers' comment when the SP was 0.73p:

'... at today_s bargain sp has multi bagger written all over it . You have to be in'

Just like a market stall vendor.

' give it a week or two...'

(Tymers)

I seem to remember you and others saying the same thing last year, when the price was multiples of today's price.

I think you'll just carry on saying it until it finally happens and then take a bow.

Sorry, Gaspunter, but I actually don't understand your comments.
I've just bought at about 1.6p.
You said nearly three months ago that you would buy at 8p.
Now you say I'M swimming against the tide.

I bought some more 'manure' today, to add to my existing pile.
Like everyone else here, I regret ever having invested in this company - and I didn't even know about the Gherkin when I started!
I recall a poster on HUR saying he was interested in HUR, but that he thought SOU had more potential.
It certainly had more potential to collapse - from 102p to 0.80p (whereas HUR fell from 67.5p to 7.2p).
What is I don't understand is why people who didn't think it was a good idea to sell these shares for 100p each think it's a good idea to sell them for 1p.
Their justification seems to have something to do with the previous CEO, who has departed.
It's rather like saying that you have no confidence in the England team because of what a previous manager did.
If, as some posters continue to insist, JP was just a crook trying to market shares in a company backed by non-existent assets/prospects, then they may as well make the same accusations against the new management, because it too is saying that Tendrara has potential of 34 TCF.
Sorry, but I don't buy the theory that everyone is a crook.

'Likely 10-15m barrels recoverable at HH alone. 1,000 bpd.'

When the management confirms your hypothesis, Wizard, I will be buying more UKOG shares and saying so.

Until then, it is speculation, NOT 'nailed' or 'guaranteed' or a 'certainty' nor any of the other words described by Tymers or others, quite a few of whom seem to have departed.

Two things worry me: if it's true, why is the management taking so long to announce it, and why is the share price failing to rally?

' I can't even watch the TV news any more because that's what it'll all be about.'

I did say that this is the media's biggest story since 9/11 and they won't let go of it without a struggle.
I think mask-wearing and social distancing were good ideas and it's obvious, for example, that travelling on the London Underground is a good way of spreading the disease, but if Merkel has her way, with her warning of a second wave, the media will have a story that will just run and run.
What if a second wave seems to have been brought under control, only for a third wave to start?
Would we then close the world down on a permanent basis, because the alternative would be to allow people to die?
In the end, governments will have to accept that people are going to die of something.
In the end, it could be that humanity will be wiped out by a meteorite and not only will there be nothing that governments can do about it, but the media won't even be able to report it, which could be a source of consolation in advance.
What worries me especially is that there will likely be far worse pandemics in the future and one shudders to imagine what a 'lockdown' would look like in such circumstances.
It seems like a strong argument against long term share ownership and in favour of turning one's lawns into crops.

The share price action is significant.
While Tymers - with his ridiculous signature - and others have been saying that 2p in the near future is guaranteed, the sceptics who predicted 0.2p are being proven right.
Most oil stocks have rallied with recovering oil prices - but not UKOG.

Instead of admitting something could be wrong, Tymers and the others just carry on labelling any sceptic a troll.

Sorry you don't like my updates on fatality numbers, Double, but they do suggest the epidemic is well in retreat in many countries, and that was the point of my posting the numbers - not to promote a Eurovision contest.
As I've said before, I don't understand the reason given by the OGA for refusing permission to tie LC back, and I agree with you that there is something suspicious about it.
It doesn't make sense to me that the OGA should be making things difficult for HUR to develop its assets.
In any normal country, one would expect the OGA to do the opposite.
I can well understand JAdam's cynicism: it looks as though everything is rigged, including the market - not just the OGA's decisions.
This is a great company, but it's in the wrong country.

I think it's now five weeks.
We should have news in about a week's time.

It has just occurred to me that the last sentence of my last comment is contradicted by the fact that ARCM are trying to prevent PMO from announcing a rights issue or placing.

Where on earth does ARCM expect further price weakness to come from - a second wave of the pandemic, or a new price war between Russia and Saudi Arabia?

Reading your comment gives me a sense of déjà vu, Aqua.
It seems I raised this possibility in February and we were discussing it a few days ago.

I did say a couple of weeks ago that Corona is in retreat.
Take a look at the latest daily fatality figures:

Spain 123
Italy 179
France 263
UK 210
Germany 28
Belgium 51

Belgium hit 400 three and a half weeks ago.

It looks as though they opened their position at the end of January at about 100p and reduced it very slightly at the end of February at about 78p.
If they have any sense, they will gradually close their position on share price weakness; otherwise, they risk having to rush for the exit as the price rises and losing more profit with each tranche they sell.
My guess is that they are hoping that a placing or rights issue will cause more weakness.

I've just checked the latest figures for South Korea: 34 new cases, no new deaths, a recovery rate of 88 percent and only 1,008 active cases.
And they achieved those remarkable statistics by means of widespread testing, without a lockdown.

'Wondering if you all are aware...This is a very high risk share.'

We had noticed.
Some of us have been here since long before you joined in February.
I've been following PMO for 24 years.

Thanks for reminding us of the 85 TCF figure.
The earlier posts, which somehow managed not to mention it, seem to me to reflect the general despondency among those still invested in oil stocks ( i.e. those who haven't yet given up completely).
At least the dejected are not yet talking about negative share prices.

If Geovanni is correct, the A$135 + 45 = 9.6p per share?
Is that what FOG is currently worth - based on what has so far been proven?
If Poods is right, is it really possible that the final result is going to be just 30p per share?
If I had entertained the slightest possibility of things turning out to that way, I certainly would never have started buying at 25p.

'That would equate to a valuation of A$451.5m or £240m for FOG's remaining interest, equal to 24p per share. '

Could you explain exactly what you are referring to?

Are you thinking in terms of FOG's retaining its interest after production starts and sharing the profits, rather than being bought out?
This is an interesting idea which I have aired on other shares as in the long run, it provides a better return to shareholders.