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Part 2
"Chief Executive says thankyou everyday."-Financial Times, 20 Sep 2012

In essence, Ms Murria*s first job was with Kewill Systems plc. Kevil Overstall, the CEO of Kewill put Murria in charge of 13 ACQUISTIONS in 15 yrs. By 1997, Kewill was on the Forbes list of global small co*s. By the time, Murria left Kewill in 2001 she felt she could "do it" herself.

She became CEO of Computer Software Group which netted her investors a 10 FOLD RETURN when it was sold to HG Capital for 150p. 4 wks later HG merged its new £91m acquisition with Iris Software and sold the combined entity to US private equity vehicle, Hellman Friedman for £500m.

Ms Murria career also took her to Elderstreet Investment where she has been a partner since 2002.

"ACQUISITIONS HAVE BEEN A CENTRAL THEME all thru her career." She joined ADVANCE as CEO. When the co wanted to raise £30m via secondary funding on AIM EXCHANGE, it was offered £65million, a "surprise". "Such exceptional treatment was widely attributed in the BUSINESS PRESS at the time to the fact that Murria was the ONE IN CHARGE."

She is also the Founder of PS Foundation named after her mother to help young girls from disadvantaged backgrounds in India into education.

Comment: Relating to the co, Murria sold to HG Capital and netted her investors 10 fold, it is implied that the co*s mkt cap would be £9million since HG acquired it at £91m. On Fri, 27 July 2018, IMTK*s share price was 8.05p, Mkt Cap £2.66m with shares in issue 33 million and Normal Mkt Size 3,000. On Fri,27 July 2018 it was mostly not possible to buy except for short mins. Towards end of day, there were shares available and with every buy, the price went higher. Others will be able to share on this from other brokers.

Fri @23:34 With Ref: Companies House link to VM Corporate Services Ltd. This is from the link:
1)It is a "Private Ltd Co"
2)"70229 -Nature of Business SIC-MANAGEMENT CONSULTANCY other than financial management."
3)As for other Company Names, there are two of which end with Ltd and one in property management. So appears to be private co*s.

VIN MURRIA-Linkedin Sign in to view
1) "Non Executive Director -SOPHOS PLC Jan 2017 to present"
2)" Non Executive Director-ZOOPLA PLC June 2015 to present"
3)"Non Executive Director SOFTCAT PLC Nov 2015 to present"
4)"Senior Advisor NM ROTHCHILDS Nov 205 to present"
5")Managing Partner ADVT Platform Sep 2016 to present"
6)FOUNDER [Chief Executive Officer to July 2015]-ADVANCED COMPUTER SOFTWARE -Sep 2008 to present

IN THE NEWS:
1)"Tech Entepreneur Murria BUYS Major Broker Stake."-Citywire, 15 May 2017 ["Taken SIGNIFICANT stake, appointed Strategic Adviser to finnCap."

2)"Softcat Director & TECH UK President included in New Year List."-2 Jan 2018, Channel Web UK [Murria awarded OBE]

3)"The Amazing Vin Murria-UK Investor Show Video"-28 April 2018, Share Prophets ["But the star, as ever was the QUEEN OF TECH, Vin Murria.."

4)"Here are all the UK TECH figures named in the Queen New Year List"-UK Business Insider,29 Dec 2017
"Murria FOUNDED Advanced Computer Software in 2008 which was ACQUIRED IN 2015"

ADVANCED COMPUTER SOFTWARE
"Advanced Computer Software agrees to £724 MILLION TAKEOVER BY VISTA."-Telegraph co.uk, 25 Nov 2014
"AIM LISTED Advanced Computer Software has agreed to a £725m takeover by US private equity group Vista Partners."

Comment:
It is obvious that the Private Co, VM AV Corporate Service Ltd with cash of £1m etc now brought up on this forum is NOT a LISTED co. Since VM AV Corporate Service Ltd at Companies House is listed under "Management Consultancy other than financial management", it will not be allowed to do trading as a computer business etc. It is norm to register a private co to receive management consultancy fees rather than to receive fees as a personal individual given it is more than 1? Vin Murria on Linkedin RUNS NO LISTED CO on AIM etc.

Since Murria has a significant stake in finnCap, hence why finnCap is resigning from IMTK and another broker to be sought.

Hope that clears things up.

Part 2

UKOG plc was talked about and there is STILL 1 MORE FORMATION the co may target in the future ie LIAS & OXFORD CLAYS which is more similar to EAGLE FORD, Texas, USA. So, potential to come after Portland, Kimmeridge to come?

A/c to one group, the Portland conventional target at Horse Hill could be drained by 1 or a small no of wells.

The Kimmeridge Clay shale is very similar to the BAKKEN , North Dakota in the USA. The deeper Lias & Oxford Clay as a potential future target is more analogous to EAGLE FORD in Texas where the oil comes from the formation itself rather than from embedded carbonates , like the Bakken.

Ref: "What are... companies after in the Weald Basin."

BAKKEN FORMATION - Wiki
Research paper by USGS Geochemist Leigh Price in 1999 estimated the total amount of oil contained in the Bakken Shale ranged from 271 to 503 billion barrels of oil. Some believe that waterflooding can raise the recovery factor from Viewfield from 19% to more than 30%.

EAGLE FORD, Texas, USA-Wiki
Sedimentary rock formation. Oil reserves in the Eagle Ford were estimated in 2011 at 3 billion barrels.

REF: WEALD BASIN UK -124 BILLION BARRELS OF OIL in place [Ref:CNN Money USA video: "Is this UK*s *Dallas* style oil boom?"

HORSE HILL- 11 BILLION BARREL OF OIL in place [Nutech] posted earlier.

Please check as there can be errors. Also, after typing some of the words change?

P.S. If all things being equal, it could really set a light on KDNC if they did a corporate deal of some sort? Bacanora is more advanced that PREM or Argentine St Luis in that respect. The Bacanora deal at some fantastic interest rates that are eye-watering did not appear to be able to pass analysts. Analysts pencils are rather sharp so the interest rates would have been unfavourable and push a lot of ratio*s the wrong way - that*s the norm way of looking at it. I remember another lithium co wherein the analyst*s eye was sharp when looking at one ratio that was not peer comparitive.

"Rare Earth Minerals Plc merger offer rejected by fellow lithium..."-Proactive Investors, 30 Sep 2016.
In essence, "REM held a 19.8% stake in Bacanora which suggest the takeover offer values each Bacanora share at 88.5p.." History now of KDNC.

Comment:
I have just been to Bacanora and there appears to be a placing possibly for a small amount. May I politely ask:If REM plc had taken over Bacanora, it means that it would have fallen on REM plc to obtain the $400 million region funds for Capex. I dont have the cheek to ask Lenigas on Twitter since he was the Chairman of REM plc so I will ask here.

Personally, I do not think that raising $400 million is impossibly difficult since many mines need capex of $1billion if not $5 billion for any Tier 1 project. It depends on the strength of own*s network etc. Judging from Lenigas Artemis and friends like at Hastings, they dont seem to have any problems? Historical but on-topic as this was what REM or KDNC was essentially relating to the Sonora Lithium Project.

-Total Oil in the Ground. 8.3 Billion Barrels: Total KIMMERIDGE Clay Formation. 1.0 Billion Barrels: Total Kimmeridge Limestone."

"Horse Hill Licences Oil in Place Calculations - 55 sq miles, REPORT BY NUTECH" "Horse Hill PEDL 137 and 246"

60 mins ago, Fri 27 July 2018
Link: https://twitter.com/silverlight_007/status/1022781491170959360 [Chart]

P.S. Go to Greatland Gold website at https://greatlandgold.com or http://greatlandgold.com and click on projects Ernest Giles and Paterson. Look for Tropicana discovery to see where NOVO-BOLLINGER discovery is and where Ernest Giles [GGP] is.

Maor base metals DISCOVERY in Western Australia."- Livewire, 8 hrs ago, 27 July 2018 by Barry Fitzgerald.

Quote:
"Exclusive Prospector Mark Creasy confirms he has made a big base metals find in Western Australia. Creasy*s deposit is 25km from Indepence Nova-Bollinger project fuelling speculation a deal is around the corner. Industry speculation is that the discovery could be at least 1/3 the size of the 2012 Novo-Bollinger discovery, acquired by IGO in its $1.8billion acquisition in 2015 of Mark Bennett*s Sirius Resources. Creasy said the discovery had the same STYLE mineralisation as Novo Bollinger."

[Could be substantial nickel-coppper-cobalt discovery is Western Australia*s FRASER RANGE]

To read please Google the title. Pls check as there can be typo errors.

I re-checked again. Ref: "Oil and Gas News UKOG CPR" - April 2018.
Last para: "The co is currently considering whether to seek to change its current investing co status via a re-admission to AIM as an operating co. Consequently, the CPR was complied as part of the necessary preparations for such an event. Any such re-admission and change of TRADING status would be CONDITIONAL on the publication of a re-admission document and shareholder consent to cease as an investment co. Further detail will be provided when the co has FINALISED IT F U T U R E C O R P O R A TE G R O W T H Strategy and P L A N S."

Note: To read, google the above title given.

HeidHoncho

I have also called up the full CPR by Xodus of 112 pages. On Horse Hill pg 42: "6.6 -Conclusions: Xodus has reviewed the data and interpretation provided by UKOG on Horse Hill Portland and found it to be generally robust and good quality. Xodus have used the data provided to calculate STOIIP for the Portland. RECOVERABLE hydrocarbon volumes have been based on Primary Depletion, with additional resource potential SHOULD A WATER INJECTION SCHEME be implemented early in field life. The planned long term test of the Portland is expected to provide valuable information for possible future development."

Note: Just to check, call up the full version. Please check for copying errors etc. Ref: 2018 CPR pdf.

P.S. CPR discusses and references ....together with the wider NUTECH & SCHLUMBERGER Estimates of HIIP within UKOG*s overall licences." Xodus is also mentioned in the CPR.

Comment: This is the definitive proof that Nutech & Scholumberger are heavy weights and their report/s taken into a/c in the CPR including Xodus recommendation. End.

"The CPR also discusses and references the POTENTIALLY SIGNIFICANT Kimmeridge Limestones R e s o u r c e s within the Horse Hill-1 and Broadford Bridge-1 Oil DISCOVERIES, together with the wider NUTECH & Schlumberger Estimates of HIIP within UKOG*s overall Licences."

"It should be noted that since the Kimmeridge exploration and appraisal is still at an early stage both Xodus and the co consider the Kimmeridge assets are not yet at a sufficient level of definition wherein meaningful Reserves or resources can be assigned in accordance with Petroleum Resource Mgm Systems [PRMS]."

"However, the CPR does state that the forthcoming Horse Hill-1 EXTENDED Well Test programme is expected to provide the necessary DATA to enable PRMS COMPLIANT KIMMERIDGE Limestone Reserves and Resource figures to be estimated at HORSE HILL & by analogy for the WIDER KIMMERIDGE PLAY. Given a positive Kimmeridge test OUTCOME at Horse Hill, a FURTHER KIMMERIDGE CPR is planned to be undertaken in DUE COURSE."

"It should be noted that in the case of POROUS PERMEABLE PORTLAND R e s e r v o i r s found at HORSE HILL, Arreton & potentially at HOLMWOOD, the CPR states that the implementation of secondary recovery by an early pressure maintenance scheme [ie produced water RE-INJECTION] could MATERIALLY increase the recoverable volumes stated in the CPR. In the case of Horse Hill, the successful implementation of such a scheme is estimated by Xodus to lead to a recover of a SIGNIFICANT ADDITIONAL 8-14% OF HIIP."

[Ref: CPR from Your Oil & Gas News, 6 June 2018]

Note: This is the topic of conversation on this forum. Nothing in the CPR said about the Broadford Bridge-1 was a duster or that it did NOT replenish etc as stated on this UKOG forum. The above is from the actual CPR itself. The first part was quoted by the PART I quoted as above in the "DETAILS" was left out.

Please check. Type UKOG plc CPR Your Oil and Gas News of the date as above.
There can be typo or copying errors. DYOR. This CPR has provided a provision for the upcoming Horse Hill EWT however it was not mentioned in the conversation.

P.S. Since there is a concentration of short thesis on this UKOG forum, well, the scared hands would have sold. Why? Many are have been round the track quite a few times so rather familiar with short thesis. Example? GKP [history now]. They were chasing 13 billion barrels of oil. During the period, from junior explorer with a small mkt cap, it went to close or a bit over £1billion cap at one stage at £4.40 region from recall. The short thesis said the stock is overvalued and going to "O" [exact words]. Well, GKP is still around and producing thousands of boe into 5 figures.

Same for Solg [history now]- it is overvalued and going bust. The writer was stunned it did not go bust. The research was inadequate because the parent co in Australia could back the co with some funds if needed. Besides, the Chairman/CEO then is a man reputed to have $100 million and has stock to borrow against in the parent co. It was never in danger of going bust and that is acknowledged today. The project could have slowed down etc. As for overvalued, the co went from £8m cap to nearly £700m and now in the £400m region with Newcrest and BHP fighting for a stake in it. The rest is history. The parent co has had an investment from one of the biggest Australian fund Tribeca and a recent announcement said a further loan was given to a oil/gas sub from recall.

So, the people holding currently are less of the "scared" types having seen and heard examples as above. With that, I say goodnight folks. Happy investing. Thur 26 July 2018.
Frist Equity Research has put out a note on HH via another co.

All that is happening happened before though the intensity is not as great of the short thesis as they call it in the USA.
There are many Weald players on AIM but NONE of them are receiving this same attention.

The share price was like this now, marking time.

Then, on Twitter, someone mentioned that they heard that a firm was short on the stock. So everyone waited to see what would happen next then. Well, the shares shot up like crazy and this was the story that there was a big short covering.

Paul Johnson has just given a Proactive Investors Interview about stocks in general etc and he mentioned about this aspect. So did Lenigas. Unfortunately, UKOG has raised £12 million which is enough to cover for the programme they set out until 2019 by which time they hope to be in production.

So, if stock is needed further, there is none to be had from further placing. In accounting, co*s raise for the next set of work and to qualify for going concern, money is enough generally for 1 yr.

Is history repeating again?

We wait to see? DYOR. Just a discussion. IMHO.

Part 2.
www.4-traders.com/UK-OIL-GAS-INVESTMENTS-15136795/company/
It shows the latest UKOG plc closing price for today, Thur 26 July 2018

Quote:
"SHAREHOLDERS" -UKOG plc
UK Oil and Gas Employee Benefit Trust 129million shares 2.78% stake
SCDM ENERGY LTD 90.24 million shares 1.95% stake [This is Oliver Bouygues*s co in the UK]
Kiran Mozaria 4.508 million shares 0.097%
Matthew Cartwright 517k shares 0.011% stake

Mr Cartwright is listed above as Business Adviser under Managers of UKOG.

HOLDINGS:
Angus Energy plc 6million shares at 1.96% stake with a Valuation of £524,820.

The address for UKOG is Broadgate Tower which is the current address.

I have just checked up on SCDM Energy Ltd via the free Companies House site. It is still 1 person ie Oliver Bouygues and it is registered in the UK, hence Ltd with a London address. The FILING SECTION, 2nd entry is the Annual Report for year ended 30 June 2017 which is the latest. It is 52 pages:

1) Under Investments, it is note 14 in the accounts.
2)SCDM Energy Ltd bought 100% of CELTIQUE ENERGIE LTD during the yr a/cs.

Comment:
Celtique Energie Ltd rang a bell and they have 3 licences in the UK, 2 is to do with EOG and Europa.
Sometime in 2016, Celtique Energie Ltd also had a dealing with UKOG plc but one presumes that was before 100% ownership. Oliver Bouygues is 1 of the 2 Bouygues brothers, billionaires in France.

This is the initial search. Please check.

Answer:

Lets put it this way. For us investors, the change to operating co from investment co relating UKOG is an added benefit as per earlier article from the Daily Telegraph Money & Investing of April 2018. This relates to IHT which is exempt from IHT if held in an AIM co that is NOT an investment co or property co. There are further rules but not relevant at this time to this co.

As for UKOG plc themselves, I am sure they have consulted Taxation Experts on their operator status etc.
This has NOTHING to do with us investors. However, I decided to check: "OIL & GAS TAXATION IN THE UK- DELOITTE taxation and investment guides." Google the title to read.

Quote:
"The DECISION to DEVELOP a field TRIGGERS the COMMENCEMENT of TRADE for UK TAX Purposes. The date of approval of the COMMERCIAL DEVELOPMENT by the Dept of Energy and Climate Change {DECC} is typically taken as analogus of the date of START of TRADE."

There is a whole host of tax in this guide ie RFCT, SCT, RFT etc. I am sure UKOG are cognisant if they want to change their status from investment co on AIM to Operator.

Looks as if they do want to develop Horse Hill per the above from Deloitte*s Guide? Dunno - will have to wait for further info/RNS etc. Please check. DYOR.

18:01: "It has NOTHING to do with TAX."
Answer: Ref: "I*ve invested £35,000 in shares that doge INHERITANCE T A X." - Daily Telegraph {Money/Investing}, 7 April 2018 [Google the title to read]

Quote:
"For growing number of savers, finding investments FREE from INHERITANCE TAX as well as normal exemptions for Capital Gains and INCOME Tax that Isas enjoy is Key. Since 2013, investors have been able to hold co*s listed on AIM, London*s junior stock market within ISA products. This has allowed direct investments into smaller co*s that also, crucially qualify for *business property tax relief* and therefore EXEMPT FROM IHT."

"There are STRICT RULES around AIM stocks exemption from DEATH DUTIES. Investments must be held Directly and for a MINIMUM OF 2 YEARS."

"Co*s must be CLASSIFIED AS *TRADING* Businesses; INVESTMENT OR PROPERTY FIRMS DO NOT QUALIFY."

Please check. Tons of articles out there relating to the above IHT ie Inheritance T A X etc. Lots of rules. DYOR. Please consult a financial adviser. Capital at risk.

Sometime, on 1 Aug 2018, it is possible that there will be an RNS to confirm the change in status ie from Investment co to Operator. This has taxation implications to the upside? If there is any MATERIAL news about the HorseHill Portland it would appear otherwise there is no change.