Member Info for oilboil

So the industry experts thought the Santos buy was a good deal, and cost neutral in around 3 to 4 years, yet today the entire company is worth the same as the amount Santos assets were bought for. I'm sure the legacy producing oil and gas assets of Ophir in Asia are worth something, therefore this has to be massively undervalued.

Why some big boy hasn't just bought Ophir at this price is a mystery, not least because someone with big pockets could monetise the sleeping monster that is Fortuna

It's nice to see the level of literacy on the rise in pizza boy Winnifrith's employees. I'm sure they'll be indoctrinated into the usual senseless postings of the mozzarella addled fools by tomorrow

Good God - what sort of muppet buys half a percent of this company at a 12% premium to the closing price.

Either knows something or will be very poor very quickly

A month after we get reinstated finally the spread comes down to normal levels - just 5% today its been 33%-50% for the last month

That's not fair stuart little is a nice mouse - no way he would cavort with rats

I've been on the same boards as you for the last two years and your behaviour has always been the same. I don't bother to keep records of what you say as frankly I'm just not interested enough in your muck-raking.

Ultimately your immediate "demand" for proof rather than a more reasoned discussion gives me all the answers I need.

I guess this company is seen as a dead duck now then - three hours after an RNS and still no BB posts about it

fjones is a well known pizza-room deramper - shows up every time Winnifrith and bank robber want to "play" with either UKOG or SOLO - ignore what they say it's just manufactured rubbish to scare the weak or ensnare people on a spike (depending on which way the market is going at the time)

Of course my post makes little sense now as spottydogs original post has been deleted/removed

I don't get your reckoning here - we got to 9.5p last year (well 11p for a very short time) but it did stay above 9p for a few days. At that time there were 3.5b shares in issue - so 60% of the shares in issue today so even assuming we "can't go higher than before" that would make the ceiling at least 60% of 9.5p - or 5.8p --- this is double the number you say we will struggle to reach

Suggest you take your de-ramping nonsense elsewhere - either that or go back to school and try again to get the maths GCSE you obviously don't have

well that's one way to make money as a market maker - I don't think I've ever seen 50% spread before

How would you even know that someone was touchy about this unless you work in LSE - in which case you should declare it - if you don't then I guess you just made it up

Declaration : I don't work at LSE but I am invested in UKOG and have been for a very long time

His shares are options and options have a tax liability associated with them - it is better for him to convert a the highest possible price rather than the lowest (as he has a number of shares not a value of shares) - once he converts he will need to sell some (or spend cash) to pay the tax bill - the higher the price the less he sells to cover the tax

A week into the reactivation of this share and less than 50 trades done all told. The biggest of them was for ~57,000 shares (or £5K) - most of the deals don't even break the 1000 pounds barrier.

It will be a long wait for the climb uphill if these shares stay this "sticky"

Their entire production base is in Asia (yes there are some assets in Africa but they aren't as yet in production or managed by Ophir).

It makes sense to have the people closer to the assets and real estate is cheaper and people are cheaper in Asia - one of the smarter decisions made

I'd like to thank alreadyinuse for his simple valuation technique - all the others were too hard.

I thought of a number £160 Bn; so I halved it then divided it by 10

Thanks to alreadyinuse I can confirm that UKOG will be worth £8bn - once again this valuation wouldn't have been possible without alreadyinuse - he really is a friend of UKOG

Your right this isn't a democracy its a vaguely moderated bulletin board on the Internet - if you don't like what people say you don't have to read it - you certainly don't have to post (and I'll use your own words) "then **** off this forum as your input has no value here"

You made a mistake and put too much into this dog of a company (as did I) - you shouldn't be taking your frustrations out on others - try being an adult and accept its your own fault and stop giving others hassle and abuse for your failings

CaptJack - Wordog is entitled to his view and good luck to him for having gotten out. I too haven't got buckets invested in this so whilst it will hurt it is the risk we take when we invest - we win some, we lose some

Don't take out your disappointment in yourself for investing more than you should by screaming and shouting at others

Before you say anything smart about "you didn't invest more than you should" - just remember it was you who said this could ruin you - that suggests risky over extended investment. Never a good idea on AIM (or any single share really).

I think I agree - at 30p the whole business is valued at just $255m; they are paying $205m just for the Santos pieces so that would mean $50m for the whole of the old Ophir Asian assets, the African investments, Mexico exploration licences and the possibility of Block R coming good

It's far too cheap at the moment - they are taking a beating for some reason

You'll have to wait a little longer then as the change doesn't happen until after trading closes tomorrow - so the tick up you want won't be until Wednesday (assuming it comes at all - as I can't really see why the change hasn't already been priced in)

The rises are going to be on tankers and results not changes to trading status in IMHO

(However the previous scare mongering about suspension etc. to do with the trade change may have caused a few to hold off investing until it has gone through - which may induce a rise)