Member Info for ocelot

No RNS re the 2nd instalment when, if there was going to be one, it should have been released on Monday morning.

Think it is now reasonable to conclude the 2nd instalment was fully paid in cash.

More positive than you, Nkh.

Think the trust will return with a rise in the share price and think a rise in the share price is in the offing, as the market re-assesses UKOG's prospects.

Let's see.

Like the point he makes from about 2:22, that the 4-5 years it takes in the UK from well completion to long term production erodes about 30-40% of a project's present value, ie. time is money.

From 0:45:

"However, to get the step-change in value growth UKOG seeks, we need projects that are each worth 100s of millions in net present value, not 10s ... That's where South East Turkey comes in ...".

UKOG remains ambitious.

Not sure of closing price, London Stock Exchange has 0.14p.

It wasn't a blue day: closing price is 0.1375p.

Precisely, Ibug, that's why it is such an interesting development.

Assuming a late RNS is not now released, then their cash position seems to be healthier than many of us had assumed and they are demonstrating interest in the level of their share price by avoiding putting additional selling pressure onto it.

My guess, PW will get shares ...
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Penguins, a share issue requires an RNS, because it changes the company's issued share capital.

It is the absence of an RNS to date which suggests the 2nd instalment has been fully paid in cash.

A 2nd morning without a 7am RNS.

It increasingly looks as if the 2nd instalment has been paid in full in cash. This would suggest:

1/ pretty tight cash management;

2/ that they are unhappy with the current level of their share price.

Has UKOG paid the 2nd instalment in full in cash?

For the moment, it could just be a delay in sending the RNS, it should be clear very soon.

- Two further instalments at 6-monthly intervals, or earlier at UKOG's discretion. Each payment either wholly in cash, or wholly in shares, or part cash/part shares, each at UKOG's sole discretion. (RNS of 16/07)

Any issue of shares in payment of the 2nd instalment will require an RNS, but full payment in cash might not.

or negativity is at its peak.

Was expecting a 7am RNS re the 2nd instalment for the purchase of HH equipment - can't be far away now.

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”

Lenders take into account prospects, too.

Mirasol,

Market valuations take into account prospects as well as the present.

... “The current cold spell in the northern hemisphere is paving way for a tighter global gas market throughout the year,” said Massimo Di Odoardo, director of European gas at WoodMac.

Goldman on Wednesday raised its forecast for the Dutch month-ahead contract, the regional benchmark, by 19%. Woodmac expects the average price to be 75% higher than last year, it said on Thursday.

If the cold weather persists over the next month, power prices in Germany and the Nordic market could gain as much as 10% because of the hike in demand, said Arne Bergvik, chief analyst at Swedish utility Jamtkraft AB...

https://www.bloomberg.com/news/articles/2021-01-17/arctic-blast-will-prop-up-european-energy-prices-into-spring?srnd=premium-europe&sref=Em01M8Hr

Indeed, I am looking forward to seeing warrant holders exercise their warrants at 0.55p.

Yanis,

As long as the share price is above their exercise price, warrant holders are always like to exercise their warrants.

I'm waiting for the share price to exceed the exercise price of 0.55p!

Expect another placing, yes, but think it may constitute a bit of a turning point in the market's perception of UKOG this time, because it will contribute to financing Turkey, which could, in turn, help to turn the company's fortunes around.