Member Info for Nicks1981

It will be good

Most of the comments on here are noise at best. Or from uneducated or inexperienced investors.

It’s clear when a trader or broker is commenting here to support their short.

Similarly comments such as “ Poor bopd,
You have been knocking this stock since you bought it about a year ago. During that time the share price has fallen by ~50%” are illogical. It implies someone has bought shares, then spoken negatively to the point they are at a loss - why would anyone do that?!? Better off putting the money in a charity.

The main issue here is lack of feedback from the board.

Factually the product needs to be tested in the real world. Then the produce needs to be tested, verified and reported on. The reports seem to be positive and suggest the product improves the quality of the plants.

Sales are going through and they have cash.

Ultimately the catalyst will be good sales data. Recent RNS’ suggest that is coming so you either buy now before news or buy at a premium post news.

Magical - illogical comment. If news is bad, it will sell to 2.5p. So why would you hold at 5p if you think it’s bad.

News will be positive.

This is all about block 2a “several multi tcf prospects”. Ie minimum double pttep resource next door. And PSC on this block before Xmas.

Ultimately this is the game changer

I think investors are not taking note of Block 2a. “Several Multi tcf prospects”. That automatically makes it more than double the recent PTTEP find.

Worth noting that execs were involved in cove and its 20tcf-50tcf asset.

This block 2a is not deemed an asset that the co would normally target . It’s primary focus is shallow wells.

Further more, the cost would be steep, so only a major would be able to drill it. And at present there is not many farm ins happening due to price of Oil & has etc.

Thus given it isn’t a core focus for the co & only a major would find it economical - the execs must consider this big enough to take this forward and confident a partner would take it on.

In short I suspect this is a very big possible asset

I have a feeling Block 2a will be a monster. But the execs made it clear that deep water isn’t their ambition so I think they will seek a farm in partner.

So why do I think it’s a monster? - at a time when farm ins are not that popular due to economic viability / risk reward, this would have to be significant resource for a major to take that risk

It was very interesting...block 2a (expect the unexpected)

Based on the presentation I think there is a mega TCF resource in block 2a. I think the quote was “exceptional data”.

10p is my target if they find a multi tcf resource alongside the other assets being drilled

Just a thought...given the recent attempt to acquire Ophir, would anyone be surprised if Coro put in a cheeky offer for Sounds Moroccan resource that’s up for sale. Could add a lot of value here with predicted 60mcf gas per day. Although appreciate it’s not in the same region as our other prospects

Why would the execs by in the open market if they were going to raise capital. Not only that, the whole point of the Eutobonds was to prevent dilution - because execs have warrants @ 4.38p that expire April 9th. Seriously, some investors are like mindless zombies who follow whatever a troll will say. Sound did 400% after Eurobond. Execs have a long history of the region. This will do very well.

Fellrunner, are you off your head. You can’t take out a Eurobond loan greater than the mcap of the company if the loan provider isn’t confident the asset is worth it. You can’t sell £10m’s in to the market and expect to get out.

(UK) import lots of energy because it doesn’t produce enough of its own, reluctant to frack, prohibitive costs of the North Sea etc etc. That said, even if we did have the weald producing oil & gas, it would require £bn’s of investment and pumping millions of barrels a day, not 10,000 pd. We wouldn’t be self sufficient for at least a decade and, given the depletion rate, I doubt it would last long.

Jeffry,

If you go through sound RNS from 21st June 2016 and on, you will see that as soon as the Eurobond RNS was released they issued positive forward moving rns’ very Frequently and the SP quadrupled in 6 months

Bumblebee - UKOG didn’t crash, it corrected. Unfortunately a lot of people chase a price up. When SP is sub 10p, people think it’s cheap without factoring in the number of shares available. You won’t stop speculation and Angus will rise. However, when production is factual rather than speculative, the rises do not tend to be as high.

So Angus would halt operations for the benefit of locals but at the cost to shareholders in rent for machinery equipment that is sitting idle. Illogical. Something has gone wrong - probably minor - and is being rectified. That’s my view. No oil co stops for Xmas.

Sorry but PoO is irrelevant - I was waiting for ANG to drop with PoO and it didn’t - so I bought. Logically though PoO dropped $20 in 6 weeks and therefore Angus potential profit dropped over 30% Let’s hope the “payzone” comment is the hint of boom

They did say “payzone though”

I’m genuinely concerned there is a problem - this is the shortened version of the RNS - Commenced flow test...will provide a analytical update on payzone in due course...LONG TERM FLOW TESTING SUSPENDED I’m 20% down - could be bad. Any technical experts willing to offer an alternative view

Interesting RNS. Sentence 1 - Gone in to production Sentence 2 - Suspended production I have been in the markets for a long time, that makes me a bit nervous. Hopefully no issue and genuinely just a holiday. I do ask the question - why start the process now if you intend to go on holiday!

Yes Liam- it's all positive as far as I can see. I recognise that some people may wait until a clearer picture emerges before investing and recognise that a lot of shell co don't fly upon first news. However given the activity of late and the positivity surrounding it on twitter and LSE etc I believe something is a foot. As I said, the people holding are sticky. A couple of people I follow due to their ability for picking top companies during the last 5-10 years also seem to be invested - which surprised me to be honest. I have been investing for about 8 years and don't typically buy shells but this is an exception to my rule as was INFT and EVRH. Sometimes you have to trust the sentiment and go with your gut when you see the type of investors who rush to buy a shell. Something is happening and I don't want to miss the best rises once news arrives