Member Info for ocelot

at, say, 10x earnings, that looks like a share price of about 8.3p (unless I'm mistaken, of course).

The darko horse!

... In a statement on Tuesday, Abdul-Mahdi pointed to the importance of the Kurdistan Region as a secondary passage to export Iraqi oil through Turkey.

“Iraq has identified strategic alternative means to export oil if the tension between the United States and Iran leads to the closure of the current path, which is the Strait of Hormuz,” the prime minister said...

https://www.kurdistan24.net/en/news/04e85c55-3560-44ab-9b39-a6589bbe819e

OUR STRATEGY

UKOG aims to build a diverse, sustainable and self-funding exploration and production business. Its key strategic objectives being:

1. Find and Develop Low-Cost and Long-life Assets - continuing to invest in our potential near-term production assets is a key priority. Once in production the revenues from these assets will provide free cash flow to re-invest and deliver shareholder returns. This strategy is embodied by the current focus on Horse Hill, where our goal is to make the field the Weald Basin's number one oil producer by end 2019 and generating free-cash in 2020...

George Lucan gave 2 interviews last week - suggest you begin by listening to them.

When did you buy back in, johnboy?

This is what you posted on 07/05:

"company is a f****n joke!! I'm out!! ss doesn't give a flying toss about share holders"

-- Like for like sales over the seven weeks to 18 May 2019
increased by 1.2% (2018: decreased by 0.2%).

CEO's comment:

"The Group has made an encouraging start to the second half, with trading in the period to date continuing the positive trend seen in Q2. While we are retaining a prudent view of market conditions for the remainder of the year, we remain confident in our ability to continue to extend our market leading position."

Speaking for myself, I appreciate your posts, Mullins58.

"The potential reservoir is massive, that's what's exciting about the Kimmeridge (at HH), in particular".

GF of Alba during his recent lse presentation.

Maybe it was more a criticism of the lyrics of Paul Johnson's song than of yourself, macrandolph.

Hope you soon get over it.

ERBIL — Kurdistan Region Parliament announced the names of five candidates running for Kurdistan Region president.

According to an official statement by the parliament, Nechirvan Barzani, the current prime minister of Kurdistan, is among the candidates...

http://www.basnews.com/index.php/en/news/kurdistan/521833

George Lucan's lse interview also, in effect, provided some support to SS for his recent placing, in that:

he apologised to ANGS shareholders for raising funds at such a low share price, but explained that he had no choice:

in today's world, without adequate cash resources, companies aren't taken seriously when there are opportunities available.

or it could go up.

US diplomats warned commercial airliners flying over the wider Gulf of the risk of being "misidentified" amid heightened tensions between the United States and Iran.

The warning relayed by US diplomatic posts from the Federal Aviation Administration (FAA) underlined the risks the current tensions pose to a region crucial to global air travel.

It also came as Lloyd's of London warned of increasing risks to maritime shipping in the region...

https://www.aljazeera.com/news/2019/05/warns-carriers-flying-arabian-gulf-misidentification-190518065807097.html

This statement is made by Alba in their annual report for the year ending 30/11/18 published 09/05/19 re their 18.1% stake in HHDL:

"The directors’ current intention is to retain this investment for the foreseeable future...".

Thoughtful post, Mirasol.

This statment is made by Alba in their annual report for the year ending 30/11/18 published 09/05/19 re their 18.1% stake in HHDL:

"The directors’ current intention is to retain this investment for the foreseeable future...".

On consolidation, HHDL's cash will appear in UKOG's group accounts, yes.

Not with you, seadoc.

the £3.53m was loans payable to non-controlling interests at 30/09/18.

I forget when UKOG bought out non-controlling interests since then, but today there are only 2 non-controlling interests, Alba, the most significant one, with 18.1%, and Doriemus, with 4%.

Alba's 30/11/18 report was published on their site on 09/05, 8 days ago.

As far as they are concerned, the loan payable to them forms part of their investment in HHDL.

There was no "transfer" of debt to UKOG. When UKOG acquired majority control and consolidated HHDL's accounts into its group figures, any outstanding loans payable by HHDL were consolidated into those figures at the same time.