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That explanation doesn't make sense, what do market-makers do? they ensure investors can buy and sell by making a market.

I was simply using Genel as an example of a rapid payback, following this extract from Penguins's post of 10:45 below:

as UKOG aren't funding drilling out of cashflow whether payback is fast or slow it makes little difference to the cash ploughed in to drill Basur-3. ..

It's because I was invested in Genel for a long time so am familiar with its figures.

FAR from sure

My own impression is that there is an air of nervousness amongst some of the trolls, who are from sure where UKOG's share price will be heading next and fear it could well be resoundingly upwards.

In Iraqi Kurdistan, on some of its wells, Genel was achieving full payback of its investment in 3 months, ie it had fully recovered its investment in 3 months.

Obviously, with that kind of "velocity of capital", the capital becomes available for re-investment extremely quickly.

as UKOG aren't funding drilling out of cashflow whether payback is fast or slow it makes little difference to the cash ploughed in to drill Basur-3. ..
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Payback is payback on the cash invested in the project, Penguins, and has nothing to do with the source of the cash invested.

On the basis of Alba's valuation of HH (but not of UKOG's), HH largely covers UKOG's current market cap.

It means that, effectively, nothing else is in the share price, neither Turkey's prospects nor the likelihood of the Loxley appeal going in UKOG's favour.

Any future oil production is therefore expected to be economically robust at current $40/bbl oil prices as front end capital costs per barrel are relatively low and expected operating costs, derived from those at AME's nearby East Sadak field, are forecast to be comparable with UKOG's Horse Hill field operating costs at around $15/bbl. An equivalent production stream in Turkey will therefore pay back far quicker than in the UK. (1st Turkey RNS of 23/07/20)

Operating margin at the time assumed to be $40 - $15 = $25

At oil price of $71, operating margin = $71 - $15 = $56, an improvement of 124%

That's the highest it's been in a l o n g time.

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

Peel Hunt upgrades SSP after weakness

Broker Peel Hunt has upgraded food-on-the-go group SSP (SSPG) due to its ‘long-term attractions’.

In a note ahead of interim results on 9 June, analyst Douglas Jack upgraded his recommendation from ‘hold’ to ‘add’ with a target price of 350p on the owner of Upper Crust, which closed up 3%, or 8.9p, at 303p on Tuesday.

‘In the first half, the profit drop-through from lower sales should have been 22%, whereas our full year forecasts assume 26%,’ he said.

‘This is supportive of forecasts but, with units requiring sales to be 50-60% of pre-pandemic levels to generate positive EBITDA, much depends on UK and continental Europe travel in the second half.’

Jack said there were ‘growing long-term attractions’ and upgraded following a recent decline in the shares.

‘We believe recent weakness should be used by long-term buyers noting that SSP should benefit from enhanced expansion opportunities and the long-term retention of recent cost savings,’ he said.

PS: to call an EGM without having a credible slate of new management candidates to propose is being disruptive, nothing more.

It's one thing to call an EGM (5% of capital), another to obtain a majority of the votes cast in favour of the resolutions put to the GM (50% + 1).

Why not complain about PIs, for not buying more of the stock?

It's a market, management doesn't control the market.

For anybody with a time horizon beyond a week or two, now is not the time to sell (imho), given the plans to spin-off the Greenland assets.

blatent being a compromise between blatant and latent

baffoons being a compromise between buffoons and baboons.

Good session today, best volume since the days close to Easter, I would have thought: 632m.

It's encouraging to see that the interest in the stock is still very much there and can revive very quickly.

And, indeed, it's all so personal, where is the proposed new management strategy?

We know who Rodders Jones is against, but who is he for?

There is no point pursuing the negative resolutions without having any positive resolutions proposing alternatives.

Brent: $71.09

Penguins,

It's a question of where one's interest lies, mine is in the market(s), yours is in researching what you can find out about E Sadak.