Member Info for mald

ivans, You've jumped the gun mate.
Latest RNS means another dose of dilution[how far can it go, 30, 40 billion shares in issue ?] to pay for Stevens latest folly.
Will be a good percentage cheaper in a few weeks time.
How's about making something come to fruition before charging off on another adventure, paid for by the poor old PIs

where are you????

I see the disgruntled [ex?] employee is back.

Masterbaker,
Try, when posting in the vain you appeared to have done yesterday, then RE your post as one at which it is aimed so that when the post is removed all posts with that heading are removed as well.
That means those objecting would have their own posts removed as well!!.

Nice rise today, somewhat unexpected and should herald a nice capital raising exercise to pay for the "Turkish Delight".
Excuse my cynicism, but, we have been here before many times and no doubt will go there again many more times in the future.
Onward and upward UKOG.
[Number of shares in issue that is.]

about the economics of the recent purchase of the site equipment at HH.
Cost $1.65m and will save $4 a barrel of oil produced.
I make that 412,500 barrels of oil without the maintenance costs of said equipment which previously fell to the owners. I expect one of our resident experts will know the sort of costs involved, but, just say 20% over 5 years which would now mean just under 500,000 barrels of oil just to break even.
Not such a blinding deal when one considers how much oil we have produced to date, or does someone own shares in the equipment leasers?
Just a thought.

Disgruntled employee ????????????

A certain poster suggest's that 11p is more than a possibility. That gives a market cap of £1,192,290,000 vice a market cap today of £25,000,000. It is also almost 4 x the market cap that it was when last it was spiked at 11p [sigh, sigh] and 47 x what it is today.
Dream on buddy

We have just suffered an enormous dilution to raise cash, a large part of which was to buy v rent equipment at the HH site.
SS claimed this would result in the cost of oil extraction would fall from $17 a barrel to $13 a barrel.
How can this be calculated when we have never really been given a definitive production rate in BOPD or do the economies of scale not apply to UKOG.
Can anyone enlighten me as to the numbers used to arrive at this saving?????

The Connect Group, previously known as Smiths News, has announced the acquisition of Sheffield-headquartered Tuffnells Parcels Express in a deal which could be worth almost £130 million. Connect says it will pay an initial consideration of £113.4 million for Tuffnells.
They [cnct]] then went on to mismanage the whole shebang so that in the end they sold it out for 15m and were lucky to get that.
This is why the share price is where it is today.
Not much positive about the company I'm afraid.

StoneFold, If you are right then surely it is time for SS to invest some of his "hard earned" [sic] along with the rest of the board.
Whats the odds??

Wizard 17.09
It would rank alongside Shergar being spotted winning the grand national with Lord Lucan in the saddle whilst Dominic Cummings was securely locked down after being sacked by Boris.
Just imo

Up 12.5%.
Must be due another round of dilution, cos that's what usually happens with any sort of rise.
The only time it will stop is if the BOD ever buys in with some sort of holding.
Seen it all many times over the last 5 years [dilution, not the BOD buying in].
Pigs might fly. Oh well.

Worth a punt since it's already been recommended to approve by the advisers! 14.14 post
GLA
oil price well over $35 and increasing now too.
Just bought a chunk more at this silly price..... GLA.....not trolls though....bad day for you tomorrow! 14.18 post
Why not wait for the approval, as that will mean another round of share dilution via another cash raising death spiral issuance.
Manure and brains come to mind
mANURE AND BRAINS COME TO MIND.

Tymers 17.11 post last para.
If you invested 1k at 2.5 and today bought 5k at .22 anything over .264 becomes profit on the total pot. Can ukog get over .264? imo yes. Ukog United

How convoluted is that statement.
Rocking horse and brains come to mind.

Drool Hunter 2 posts:- Now site lockdown restrction is over maybe things are kicking into action as stated in the RNS.

Anyway good for investors and Loxely planning to be granted next week for the next site!
Not so good for the Swamp full of Trolls mostly posting here.... HA!

Not enough money to continue with HH so issued million's of shares just a few weeks ago............

Where do you think the money for the next site[s] is going to come from??
Hummmmm I will have to consider on that.

I’m still interested as to why rampers bang on day, after day, after day, about how wonderful it all will be. If they really believe that then they must be blind to the ever falling share price and wish they would do one, and go and play on another board. It's just a bit boring now. If they truly believe that all is going to be hunky dory then why oh why not wait for a sustained turn in the tide before investing instead of watching their investment fall off a cliff edge?. All very puzzling. IMHO of course.

First lesson of investment would be to take no notice of Tymers. In fact, the opposite of whatever he might suggest would be a good strategy.

hope9, As a PS
RNS 23/12/19
!st paragraph
Last line:- Produced oil, brought to surface via an electronic submersible pump or "ESP", has been exported to Perenco's Hamble oil terminal for onward sale at market price.
Nothing there about the "Forward price", so spot price at around $25 then.
Best left in the ground for a few more months me thinks.

hope9, Whats this "forward price" then?
As they don't know how much they will have to .transport, then how can they sell it at a "forward price".
If they could say they will be delivering a certain fixed amount then maybe.
Forward prices would only be for guaranteed amounts
Looks like a bit of dreaming to me.