RE: what a huge pile of mm.... debt29 Jan 2020 10:03
Very easy they hide the financials by making large numbers of staff redundant silently often those staff have to sign an NDA "Non Dis-closure Agreement" this usially happens around September and just before April 1st.. its all smoke and mirrors to make the financials looks better than they are.
Not sure why all the sells RNS looks excellent also SS personal note
"The Horse Hill Portland continues to produce strongly and consistently under modest pressure draw downs, delivering over half of the landmark 50,871 bbl test production to date. With the much awaited simultaneous HH-2/2z Portland horizontal drilling and HH-1 Kimmeridge test campaign fast approaching, the remainder of the year at Horse Hill now promises to be truly exciting and potentially transformational for both Horse Hill and UKOG."
Not very impressed with the financial results they also sold a profit making part of the business, the previous years results would of been the same if they didnt conduct last min redundancies and cost reduction sinking ship comes to mind.