Member Info for mald

In the last 2 years, after all the good news we have had, all the tankers leaving HH, all the wonderful acquisitions which the stock market values so highly, there have been only 9 weeks out of 104 when the closing share price of UKOG has been LOWER than it is today.
I wonder what on earth might be the cause of this terrible blight for the long term holders.
Answers in no more than 2 words and should [probably] begin with F and R.

Barny, In fairness, so do most of the serious financial journalists.
As a case in point G A Chester wrote on 23/04:- "Meanwhile, I wasn’t impressed by the flow news coming from the EWT programme for the Kimmeridge level. Or by a surprise announcement in February that it had been shut-in for a long-term pressure build-up test. Comparable geological formations have typically displayed extremely steep decline rates", so the jury’s still very much out on the Kimmeridge."
The geology of HH is what the geology is and this particular geological formation is, as G A Chester stated prone to steep decline rates.
I note that DHC never mentions this in his ramps, as it must surely call for a note of caution as this is where the BOPD numbers are majorly[?] going to come from in all his forecasts.
Perhaps he will answer this but I doubt it.
The market waits to see the Kimmeridge test results and should the decline rates be well below what the geologists think they will be then the SP will take off like a rocket [Solid fuel propelled!].
But should they be what the geologists expect, then we are left with the steady production rate of 220 BOPD from the portland, nice but not earth shattering and unlikely to make the valuation of UKOG much above, and, probably less than it is now.
Over to you DHC

Ocelot, Exactly, a a post-acquisition period is any day after an acquisition hence the above.

Several people like to post that it is a blue day while others like to point out when red.
Well, It's a red day when the closing price is lower than a holders average. Hence a blue day for some can be a red day to others.
Only saying..............

Just read Motley Fool 23/04. [G A Chester, there is more than one motley fool].
He asks the questions which I have brought to light on this board many times and been constantly shouted down for.
I fail to see what is wrong with the questions, negative though they may be, that he asks and, to be honest, they do need answering as this venture will not be all plain sailing.
Come on SS, read the article and answer his queries.

Tollesbury, When you have been here for 4 or 5 years, like many on this board, and seen the constant dilution with 2 steps forward and then 3 back maybe your patience will become exhausted.

DSHC One thing missing, a halt to the constant dilution.

DHC whats needed for the price to move up [for those already having sunk their hard earned into this] is not more shares being issued, no matter what the good intention, but to encourage new investors.
Issue after issue spent on acquiring an ever larger interest in the weald is NOT moving the share price forward and definitely not encouraging any new investors when they see what a serial fund raiser UKOG is.
And before you mention the m/cap, this matters not a toss to those already invested and topped up to look like a giant pizza.
If HH is as good as we believe then lets wait until we have proof thereof and then finance acquisition through income or the the issuing of shares when the price is double, treble or even quadruple what it is now and must surely become if and when HH comes to fruition thereby needing only half, a third or even only a quarter of the numbers at this SP..
At the moment it looks like we will have at least 10 billion shares in issue if SS carries on the way he is now.
What about a bit of thought for those who are under water having already invested and are peed off with the constant dilution which drives these investors back to square one.
I for one am feed up with the constant issung of millions of shares every few weeks, then reading the same old clap trap about how wonderful it all is and being bullcraped about how we are fully funded said in order to dupe us into thinking the dilution is over, and .am longing for a spike to get out.

Must admit I never considered the electricity demand, should we all change over to EV's.
I personally like my "old diesel" Jag. Should I swop for an EV then I suppose I should also swop my UKOG shares [which I quite like as well], for shares in one or more of the generating companies {which I don't like].
Decisions decisions [sigh] what to do.
Think I will just go and have a snooze

Further to the below,
RNS 31/5/18:- "This key five-year plus licence extension will enable the Company to drill its two planned new Kimmeridge exploration wells in the deepest and most oil generative Kimmeridge section of the Weald Basin. Locations for both wells, situated between the Horse Hill oil discovery to the north and the BB-1/1z and Balcombe-1 discoveries to the south, have been selected and the regulatory permitting process is underway to enable drilling in 2019. A further BB-1y sidetrack also remains very much on the cards."

Slowroll:- 11.11 today, Re BB" Why not go straight back there where the site has been cleared, access road with tanker passing points prepared and there is already a hole in the ground? Beats me. Get the planning underway NOW!"

Seem to remember at the abandoning of BB , UKOG were looking for a site north of where they had been drilling in which to try again. [I think 15 miles north rings a bell.]
Maybe wrong, but am sure somebody here will know the exact statement that was issued.
Can't be fagged to look for it.

As a PS to the below, One year ago the number of shares in issue was 3.790 million. Now it is 6.047 million.
The share price one year ago, 1.6p the share price now? 1.125p.
Obviously investors think this was all well worth it thus driving the price up to it's present dizzying heights!!!.
Good luck all long term holders. As you can see the last year, in terms of the share price, was well worth you faith.

Tony re 07.14 post.
Agree but wonder how many millions or more likely billions of shares dumped on us to pay for it all, or are we fully funded? [sic]

Penguins, I would not get to excited over what Rodders posts. Here is a post in reply to my post stating that they are serial ramper's and another placing, not necessarily for HH would likely appear. My post in full read :-

Bagosand
Fully funded, yes, but only for Horse Hill.
The company have many ambitions outside of HH that are not funded.
The funding for these projects might come from HH to a certain extent but that is in the hands of SCC and we all know what councils are like .
They could open HH up tomorrow if they felt like it but are usually to politically correct pandering to the minorities to do what is to the majority's advantage hence the markets nervous disposition to UKOG

Sheriff Rodders74 16.17 08/03/2019 replied

Placing for 2020 early in 2019, dumbest idea I've ever heard... morons...

Fully funded for 2019... end of story.

Revenues from production to FUND 2020... end of

Now stfu!

He now seems to have disappeared from this board, wonder why.

It does not take Einstein like intelligence to work out when this lot are going to make a placing.
One will appear any time in the next 3 months, going on past performance.
The next one will appear in the next 3 months same as the last one and the one before and the one before that right up to and until we have 10 billion or more shares in issue. The "long and strong" deeply in the mire and the "good opportunity to average down" brigade nursing fantastic losses, [but still crying "what a well run company this is, SS knows what he is doing".etc.

Ninevestor, Not so tough for the ramping squad on this board.
I am sure more than half of them would be shouting "rearrange the deck chairs, it will surely save us all" on a certain maiden voyage.
One doubts if half of them are invested and when you read their posts you wonder how any of them make any money from them given their supposed investment strategy.
Strange thing is, it seems to matter not a jot what happens to the sp, when that is the only way they can measure the value of their investments.
Originators of the "Jam tomorrow" saying whilst being beggared today.

about a take over versus the North Sea, Vernony 23.46 post yesterday, is the north sea is not ruled by SCC and swampies find it to challenging to demonstrate there????????????????

They have probably already forward sold .
2.8 billion shares when I first purchased in April 2015 at 2.974p.
Almost 6 billion shares now and the share price is right up there with the stars at 1.125p
What a good job I traded throughout this period and did not stay long and strong like some of the mad men on here.

JBTHISTLE, You try saying that in 3 weeks time and see what the response is from the serial rampers.

Sheriff Rodders74 16.17 08/03/2019

Placing for 2020 early in 2019, dumbest idea I've ever heard... morons...

Fully funded for 2019... end of story.

Revenues from production to FUND 2020... end of

Now stfu!
This in reply to my post on the same date re UKOG as a serial issuer of shares diluting the present holders.
Don't suppose he will reply to this.
Believe him at your peril.