Member Info for LostAllMyShirts

As Jonno knows, Exploration small caps are notoriously high risk, and if they succeed then high reward. Nothing will happen overnight, and day trading is almost a none starter. Best put as much as you feel comfortable with and then realise it could be several years before you see a return. Mind you, I saw a similar one go to a 6 bagger in 6 months or so.

I should like to make clear, very clear, that I believe the opportunity of the Blocks which UOG holds in Jamaica is vast and I believe once a large Company farms in to the project it will have massive potential. What I do not like is what I complained about, two things, saying one thing and doing something to contrary ,and seeing large sales of shares before a public announcement. Both those things are unfair mostly to retail investors and ensures that, like it or not, they are then locked into their investment , or lose a lot pf money selling. That's it really.

To be honest, I know is hard to undo what has been done, but is will send a "shot across their bows" (UOG's) to be more careful that what they say they actually do. Plus I would like to see who did sell mass shares before public announcement.

Ian Kellett ,I have filed a complaint with the FCA about the sales of stock over past few days before announcement and also the statement made regarding no need to issue more shares. The FCA will look into it they said. If you wish to maybe file complaint to this email: MktSrvsMarketMonitoring@lseg.com

Personally, when I invested in ECO was for the Namibia Blocks in Walvis Basin. There is drilling due in Walvis basin (NOT Eco ) and then shall see what result is there. As for Guyana and Sth African. Yes they are great blocks and will be good if they proceed but not yet counting on them.

Well Fuddstone the dumping is interesting. If you could perhaps advise sizes and date that would be useful.

Thanks

I should remind myself that Nothing has changed as far as the potential of the Jamaica Project goes, that is still very exciting, But what I am not at all happy about is what you have stated about making statements that there will be NO Equity Raise, and then they do an equity raise !!. That I have raised to Mr Larkin and we shall see what is said, or not said. If the latter then I will consider other directions.

Ameen thanks. I have written to Mr Larkin and asked for his comments on the matter of equity raising. For everyones sake perhaps you would keep evidence of any and all assurances made by UOG/Mr Larkin as it may become relevant I always like to be prepared for what may become necessary. It may all turn out great but if they encourage someone to purchase shares, by making positive statements about no equity raise, knowing that the price paid will then be decimated by an Equity raise , then THAT could well cause them legal "problems" .

AMEEN, when was the last time that Mr Larkin said that there would be "No Equity Raise" and in what context was that said ?. I am looking for anything that may fit arguments on encouraging people to buy shares knowing that there will thereafter shortly be an Equity Raise.

Thanks

I am not saying that the below has occurred but I do remind myself what makes up "fraudulent misrepresentation" so that we can discuss. I also am still fully invested in UOG but very disappointed at the past 2 days . I look forward to any comments.

Fraudulent misrepresentation is a civil or criminal offense that occurs when someone makes a false statement about a material fact, with the intent to deceive another party who then relies on that statement to their detriment. Key elements include a false statement of fact, the speaker's knowledge of its falsity or recklessness regarding its truth, the intent to induce reliance, the other party's actual reliance on the statement, and resulting loss or damage.

HAS the above occurred in anyone's opinion ?

Maybe I was too enthusaiastic too soon. Let us see over next week or so.

Looking at how it is going today maybe we will reach high of 0.25/0.30 today ? Touchwood.

UOG is definitely going to rise, that I am certain, but I am not looking for 2 or 3 times I want to see it rise past 10 times SP .This will never happen overnight unless they are actually drilling and hit the 7 bn barrel reservoir, but it will easily rise 5 or so times SP. From my experience you have to be very patient, as it will rise and fall multiple times before sustaining upwards trend. Once there is announcement of a farm in then will get interesting. Then will settle at whatever until next news ,and so on... I have learnt ,now, to be patient as when you get impatient and sell THAT is when "a" stock rises and you lose out !!

Yes just hold and forget for maybe 6-12 months then look again and make sure you are sitting down when you do look. Ive got just under 10M shares so will wait until it goes at least 20 times then consider things.

So "Realvalue" you are saying price target is ,give or take a bit, 150 times the current share price ,correct ?. I mena a 150 Bagger is possible but that will take couple years to get there ,at least .

One saying that always stuck in my mind came from Warren Buffett "When everyone is Buying I am Sellling , and when everyone is Sellling I am Buyng " that stuck in my mind. In other words NOW is time to Buy if you are confident.

Thanks. I am going to contact DIRCO as potential large investor ,but I am hesitant to invest Oi& Gas sector because of Sth African Court rulings. I willl see what they say !.

I have a gut feeling, a hunch, call it what you will, that SINTANA will get involved in someway with ECO, if not in Guyana definitely in Namibia.

>>Better still, Gil could just have a word in the Oil Ministers' ear & ask him to tell Exxon to play nice and cough up, or else. Sometimes it's the simplest solutions that work best....>>>

Agreed 100% ,that is the Best way.

Re Court Case. Probably best way would be to transfer the Rights on which ECO are going to sue any Super Major on into a "Subsidiary" and then that Subsidiary may well be able to get a "no win no fee" deal with Lawyer to pursue a Case.