Member Info for mald

Zoom,
Surely they must have brought around 6 million shares and sold around the same number or are you suggesting they keep a stash?
If traders were to buy without having buyers for their purchases, then lots of them would have gone to the wall when the market turned.
Just a thought IMO

Reference those that say "no second vote this is democracy at work",
If there should be no second vote, and i cannot see why not, then the majority that voted out can still vote out and maybe have an even bigger majority and still rule.
If there should be no second vote because of the above, then why did we have a second referendum in 2016 as we had one in 1975?
Before you say " are, but things have changed and we should therefore vote again", then I would "say yes things have changed and we can now see just what it was we voted for"
Those that decry a second referendum know deep down that they would lose and therefore shout the loudest..

Zoom and macrandolph
If you place an order for a given number of share at a given price then your broker will buy any number at that price that come on the market.
At the end of the trading day, if an insignificant number have been purchased then the deal[s] are cancelled.
Until that time the deals stand.
Clear as mud [i think]

When Investing, Seek Out CEOs Who Are All In
Joshua Rogers
Joshua Rogers
Contributor
Retirement
I explore novel and contrarian ways some smart, wealthy people invest.
I’ve noticed an interesting trend among investors I follow and many of my own firm’s savviest clients: More than ever, they’re asking to invest in companies whose top managers are themselves heavily invested in the company’s future.
Every CEO, of course, holds some equity in his or her company. It’s often equity that was granted as opposed to an actual investment, though. Our clients want companies where the boss has pushed all in, where his or her wealth is deeply tied to the company’s fortunes.
It makes sense to align the incentives of the CEO with those of the company’s investors. And yet it’s surprising how often those things often run askew of each other. Most CEOs garner a large paycheck regardless of stock performance. That’s why many of the world’s best investors, like Warren Buffett, have to diligently search for opportunities where the incentives of shareholders and executives hew to the same line. (Buffett himself, by the way, is no hypocrite. He wouldn’t be worth much if Berkshire Hathaway went bust.)
Warren Buffett is a fan of CEOs who are fully invested in their companies—and he leads by example.
Similarly, most private equity firms now seek out investments where the CEO’s risk mimics that of the institutional fund — where the CEO loses real wealth right along with shareholders if things go sour. It’s not easy for small investors to mimic the actions of their big-money peers, but in this case, it’s possible: You can get better, steadier returns by investing with an executive whose net worth and risk profile track that of shareholders.

The level of CEO investment is something my colleagues and I track on investments we explore for our clients. How much equity does he or she own? What percentage of the boss’s personal wealth do we think it represents? Did management have to buy any of this stock with cash, or did they get these shares for free? Studying this can take time.
Can you force a CEO to better align his or her interests with those of shareholders? Small investors may not be able to exert the same pressures on a company’s executives as a big activist hedge fund can.

Said i would not post again but..............
Looks like the market knows whats coming.
A declaration of commerciality followed by another cash raising exercise, further diluting those already invested.
Before anyone says well that dont matter, it gets a bit wearing every time there is good news.It has become so predictable and makes it impossible to make any headway.
IMO as DHC always says]

Looks like the ardent rampers have learned how to manipulate this board.
Any post criticising some of the rampers, DHC etc. gets promptly removed.
So I shall say a not so fond farewell to this BB and leave it to the brain bead ramperatzi to recommend and correspond with each other to their hearts content.
What boring tiny lives they must lead.
It is doubtful that they are invested anywhere, as that would require the nous to gather some money in order to purchase shares of any description, unless of course they inherited it, as they would appear to be lacking the wit to earn it.

I can not understand the SP of this, as according to those that really know, the posters on this board, it is a sure fire thing.
Maybe the ardent rampers on this board know more than the professionals else why is the share price so low.
Those that really know and by that I do not mean the misguided on this board who claim that after every fall its the MM, trolls, paid de-rampers etc , but those with a bit of nous think that at this stage of the game, cos game is what it is, it is to risky a venture to put their cash into.
Now who should I believe, the educated professionals or the ramperatzi on this board.
Decisions, decisions, which to believe, which to ignore.
Come on someone help me out here.
Should I sell, as my holding owes me nothing, or should I hang on and maybe see it all disappear like a Paul Daniels magic trick.
Think I will hang on and see which way the cookie crumbles
Sign, sigh

Do not respond to their posts.

Do not answer on their threads.

Ignore them

Filter them

Let them play to an empty big top.

Well workover must be just about concluding.

Tick tock

Imo

Several posters have said this is overvalued.
Well, looking at the share price today after the RNS yesterday,, it would seem that maybe the fact the Portland has been announced as commercial at 170 barrels per day has already been priced in.
If this is so then, presumably, with the results of the 2016 tests, the Kimmeridge having flowed at greater rates, then the question is how much has been priced in for that also to be commercial.
Only time will tell,and not to much time, before we know the answer to that particular question, but it would be surprising if it were less than another 500 barrels per day in a normal production mode making a total of around 700 barrels.
Any less and the price might well fall, given the now enormous amount of shares in issue, making for a market cap of £115m
Just a thought

An RNS dated 27/06 was issued stating that the EWT had commenced.
21 days later on the 18/7 another RNS was issued stating the clean up had been completed and that the testing of the Portland had already began with a tanker, at this point, [in the singular] having removed oil to Hamble and stating a high rate test would now start.
16 days later 03/08 and 37 days after the initial "we have started" RNS, a further announcement that the high rate test had been completed and a long test would now be started to estimate the commerciality of the prospect.
Another 38 days later and what have we been told??. Well, unless I have missed something, sweet Fanny Adams.
75 days, or half the time allocated for the complete test of all levels at HH, we are deafened by the silence.
The 75 days used so far has been spent, apparently, testing the level which showed the least return at the original test in 2016.
With only 75 days left before we have to vacate the site, I repeat "whats going on??????".
It is no wonder that the share price is struggling to gather any forward momentum.
Thank god my holding owes me nothing, [brought about by trading, long term holders, never sell a single golden ticket brigade note] for if my holding was "underwater" I would be, at the very least, somewhat concerned.
Come on Stephen please say something about these tests before half your share holders are taken away by men in white coats.
Perhaps tomorrow, you never know.[An RNS I mean, not the men in white coats!]

See my posts below!!!!!!!!!

Oce. from the rns dated 30/08
"The total consideration of £4,500,000 with an effective date of 28 August 2018, will be satisfied through the issue of 234,042,221 new ordinary shares in UKOG "
Maybe forward sold?

Maybe it's some of those shares issued for the increased stake in HH which show a profit on the issue price???????

Down to 2.16p at 08.02 on google finance

Pictures of 2 tankers arriving in site this AM.
If they cleared out the storage tanks on Friday with the 2 tankers seen then, then today's 2 must be moving the oil garnered over the long weekend.
Presumably there is enough oil on site to fill today's 2 tankers and therefor it is not flower-full to suggest that over 3 days we have extracted at least 420 barrels of oil. This equals a minimum of 140 barrels of oil a day for the 2 days if pumping was maintained 24/7.
This is the minimum, if they were extracting 24/7, over the weekend, and there is no oil left in storage when the tankers have filled. All this is in my view an absolute minimum.
This alone , providing minimal depletion, should be enough to declare the Portland commercial.
Well at least I hope my hypothesis is somewhere near the mark!

Most likely the 2 tankers seen leaving fully loaded on Thursday or Friday cleared out the storage tanks ready for the weekends pumping. The fact that 2 tankers left loaded says nothing about the BOPD that the Gusher might provide, given that we have been extracting off and on for the last few weeks.
What we need to see is 2 tankers [425 ish barrels] per day, 5 days a week to presume significant commercial amounts. this would equate to 300 ish barrels per day coming out of the ground. This followed by an RNS stating the numbers and whether they are deemed to be commercial or not. Also,and most importantly, the depletion rate if any..
Until we get to that point, the share price will continue at this low level

Phil7390,
Where as I agree with the vast majority of your post, you seem to suggest that posters on this board factor in likely probability's.
I am afraid you are under an illusion. The majority of posters on this particular board work on their own super optimistic/pessimistic guesswork paying scant regard to the facts.
Witness the projections of the days finishing share price based on ???, those that suggest there is no oil at all, those forecasting 50,000 barrels per day and those suggesting the share price will end up at £1 or more.
Any one, or some, might prove correct but, at this stage, forecasts,which, are at best based, on mystic megs tea leaves..

Northern trust purchased in excess of another 3/4 million shares taking their holding to in excess of 13% 21st August

Why sell out to UKOG.
Maybe these two have not got the wherewithal to finance their part of the costs of the EWT ??

Watty, did they cost about £100??