Member Info for ocelot

Total voting rights RNS of 02/12/19: 277,670,478 + 2,577,720 = 280,248,198 total shares in issue.

Davy AM per MarketScreener: 64,589,351 + Focus's 19,000,000 = 83,589,351 = c29.83% of total shares in issue.

Yes, Boyobach, I think you're right, think it's Karamehmet buying just below the 30% trigger for a bid.

Is Focus Karamehmet reinforcing his position?

I've seen Davy's holding put at 23.3%, which, with Focus's 6.84%, would put Karamehmet over the 30% trigger requiring a bid, but only just (30.14%).

Perhaps the 23.3% has been rounded up (?).

Karamehmet, Bilgin, Daax Corporation, Nat Rothschild.

We don't know how Focus Investments Limited, registered in the Marshall Islands, now fits into this.

The smaller the float, the more volatile a stock becomes, with the reduction of liquidity.

When the market in the stock does turn around, there could be quite a squeeze on the share price.

Bilgin's RNS dates from 14/11/19, when its stake rose to 20.01%.

Now we have Focus Investments Limited with 6.84%

One used to assume the free float was about 30%, but it may now be down to less than 20%.

Threshold crossed on 11/02 - taken some time for the holding to be disclosed.

6.84% - wow!

Is there a tussle going on for control of the company?

https://www.bloomberg.com/news/articles/2020-03-02/rosneft-paid-mystery-consultant-250-million-in-iraq-oil-deal

Think it's happened before, that the Eyes have gone quiet at sensitive times for UKOG (as part of a gentlemen's agreement with the company?).

Nope, Riverfort's only concern is to try to sell its converted shares at a higher price than its buy-in price.

It doesn't care whether the current share price is 0.55p or 5.50p.

The Investor Question concerned Ja51.

Too early for a loan conversion, Riverfort still working through the last one.

The last time they answered Investor Questions on a Sunday it was to clear the decks for an RNS on the Monday.

Not saying that will happen on this occasion, but it might.

I sympathise. We received yet another question from this overwhelmingly negative poster last month. They are normally framed in the inflammatory language of an investigative journalist i.e. “Can you confirm or deny such and such” with dark hints of wrongdoings here, there and everywhere. Much of the information presented on the Boards by him is either plain wrong or simply wrongly interpreted. We attempt to answer all his assertions here, if only to rectify the misinformation and to show that we are genuine in our attempts to communicate openly with investors. Success at Balcombe and Saltfleetby is the only thing which will silence such detractors.

Answers to Investor Questions have been posted on Angus's website:

http://www.angusenergy.co.uk/media/investor-questions/

No mystery or conflict. Paul Forrest who runs Forum Energy Services Limited is well known to Angus and, having bid successfully for the Saltfleetby Asset, brought Angus into the transaction on terms already disclosed. The joint Directorship has been disclosed to the Board of Angus and these arrangements do not present any conflicts or confidentiality concerns as the Orwell Group Limited is not involved in the hydrocarbon industry. As such there is no need to disclose any further information.

Oh, that JDA!

Thank you for your post, gkb47, I was forgetting ...

JDA?
What does that stand for, please?

Wolfbag 132
ocelot 165, on the basis that a lot of bad news is already in share prices and it would have come as a surprise if China's latest economic figures had not been poor.

Warren Buffett has cash of $218bn, per the Times this morning - amongst other reasons, he hasn't invested in UKOG because it is way too small for him.