Member Info for ocelot

It is true, however, that the potential value of UKOG's tax losses exceeds UKOG's market cap.

UKOG's tax losses aren't as huge as all that. At 30/09/23 they were as follows:

"The Group estimated carried forward tax losses are £20,313,000 (2022: £16,421,000), none of which are recognised as a deferred tax asset".

At 40%, those tax losses can be valued at £8.125m but only if they can be used.

You sack him, nunquam.

To do so, you will need to call an extraordinary general meeting and ensure that you resolution passes.

For the resolution to stand any chance of passing, you will need to propose an alternative CEO (and, quite possibly, an alternative slate of directors) and an alternative and credible management strategy.

So you will need to invest a great deal of your time, much more than it takes to release a post which says "Sack SS".

Good luck with your endeavours.

There is a positive poster on the other site who appears to be pretty credible and who has said this morning that, in mentioning BP, he is listening to people who work for BP.

I always back up Bubblepoint when he speaks of selling at 1.70p and informing the board that he was doing so.

It's the closest I've seen to a lynch mob on this board, I did not like what I saw.

PS: what can happen when there is a buyer for a big line of stock is that, after acquiring part of the line, the buyer then retires to the sidelines for a while, before coming back in again.

I am not saying this is what is happening here, but we can all agree that a line of stock 0f 100m shares (5 x 20m, all at exactly the same price of 0.25p) is unusual.

No change of view on the 5 x 20m buys. Wait to see if that was the full line of stock or not.

The value of the sell of 357 shares at 0.0211p which you brought to the attention of posters is showing as 75 pence.

357 shares were sold at 0.0211p at 08:45:45. The mid-price remains unchanged at 0.25p.

Bubblepoint, you have stated what we can all see, agreed.

Very subdued session.

Was yesterday's 100m shares the full line of stock?

Or did the actor retire to the sidelines today before, at some stage, seeking to increase the line of stock?

We simply don't know.

Posted on GROC's twitter feed.

Looking for 2p, then 2.80p.

I've never mentioned EBITDA on the UKOG board, that is why I concluded you had got the wrong board.

"Even Ocelot isn't showing his face too much,,, all that yappin about this n that,,,, EBITA blahhhhh asset blahhh lololol"

Wrong board, Bubblepoint, UKOG isn't Angus.

PS: there's a "D"in EBITDA

UK natural gas futures have risen above 94 pence per therm, following European trends due to supply concerns from Norway's annual maintenance and the Ukraine-Russia conflict. Maintenance has reduced Norwegian gas nominations by 10 million cubic meters per day, affecting major pipelines like Franpipe, Emden, and Dornum. Additionally, colder temperatures in Britain are expected to persist before warming up over the weekend, further driving up gas prices.

https://tradingeconomics.com/commodity/uk-natural-gas

The interim results only show £1.25m of loan payable under current liabilities at 31/03/24, so that makes sense, that is the first loan repayment due on 22/02/25 and repayable, therefore, within 12 months of 31/03/24.

The facility was drawn down on 22/02/24 (see the RNS of that date) so I believe the first 12 months' repayment holiday runs to 21/02/25.

Bubblepoint,

You do seem to be thinking of Shore Capital's buy into UKOG, because you're making comments about the City again.

Are you thinking of Shore Capital's buy at UKOG, following which the share price rose from about 0.015p to more than 0.12p in a matter of days?

As you have noted yourself, today's volume contrasts with recent daily volume figures.

So let us see if it is a harbinger of better news.

What is certain is that 100m was traded today in 5 lots of 20m each at 0.25p and that subsequently, about 10 minutes after the last lot, the bid price ticked up from 0.20p to 0.25p.