Member Info for Oktane

We will find out soon enough.

And maybe hot is cold as well?

Doesn't show management confidence in getting oil flowing soon from current assets...

That makes two of us Sageman.

Excellent information flow!

Contrast professionalism here with the quality of management at the other Weald operator.

This will bear much fruit from institutional investors in due course. Lost on many AIM investors though.

Rocky gets a fair bit of credit for getting Angus back to the top of the most ramped share on AIM, no small feat.

But the opposite of a buy signal in most cases...

Rocky gets a fair bit of credit for getting Angus back to the top of the most ramped share on AIM, no small feat.

But the opposite of a buy signal in most cases...

Good job Admin removing scandick, one untruth too many a long time ago.

Is JonnyBGoode now also banned for untruths about UKOG share of HH revenues?

Seems his posts are all gone!

++++++

2020 Bobby, good point, the possible taking Angus private, is most definitely causing investors to reconsider added or buying in at the moment.

No one knows if this is even remotely likely, but until Lord L finds a way to put this to bed via statements to investors, or oil flows, we will remain weak.

Seadoc, that of course is the same RNS I cite. Contractors are the only ones that exercised some options, to get cash.

Please name an AIM company where the directors exercised options early, that is before they wish to sell up...

Didn't think you could.
SS is acting in a normal fashion, with huge exposure to the performance or not of the company.

Scandick "Name another company where the directors own no shares is a better question." deramping today

The following is 100% factual based on UKOG accounts and RNS releases; no amount of spin can refute anything stated below.

From Note 5 on page 49 of annual accounts:

Steve Sanderson earns 240k salary plus options, no pension payments

2017 99k 41% of salary amount as options
2016 367 153% of salary amount as options

So during 2016-2017 accounting period our CEO received payment of GBP466,000 compensation in the form of options that will only have any value if the share price goes higher and stays higher.

The constant deramping of “our CEO has no investment in the company” is pure manipulation to ignore the huge personal investment SS has in the UKOG. He is exposed to tens of millions of shares from his options positions. Sanderson has paid for his large option positions to own UKOG shares by accepting less cash income today: his skin in the game is this large forgone income and accepting options that will only have value if the share price of UKOG goes up and stays up.
No one, repeat NO ONE, has more skin in the game here. GBP 466k over two years in shares for this CEO job is equal to his cash salary over the period. Ask any CEO receiving half their compensation or more as shares if they are personally invested in their company… Some of us posting here have been granted options as part of our compensation in the past, and can absolutely confirm we have acted to promote our investment via successful company results. 100% SS is motivated to increase the share price by his huge options positions. 

For the many uneducated reading here, especially Scandick, a call option to buy at 0.4 when the underlying and forward price is at 1.40, the option is DEEP IN THE MONEY with a delta of perhaps 0.90, meaning it is an exposure like 90% of the underlying, or it is 90% likely it will expire in the money and be exercised.

Our CEO Steve Sanderson has a total of 85 million call options (from 16 April 2018 RNS). SS owns 25 million call options at a strike price of 0.4, with a 90% delta then he has a current holding of underlying stock position of 22.5 million shares. This would be worth at least GBP315,000 today.

If the price of UKOG goes up from 1.40p to 1.50p the position profits by GBP22,500

If the price of UKOG goes down from 1.40p to 1.30p the position shows a loss of GBP22,500

This is an economic exposure that every options trader, market maker, or hedger experiences and must report in a daily mark to market. Unfortunately some serial derampers here do not comprehend this exposure; it is real, and was very costly for SS as in the last two years he has accepted share options instead of cash salary of at least GBP200,000 per year, so you can state that he has in fact invested well over GBP 450,000 in the future performance of UKOG.

Bit more skin in the game than anyone posting here!!

But once again points up the attractiveness of investing right here, consistently better run outfit as regards dealing with regulators and internal politics,

ANGS announces boardroom fight for control, and death spiral type convertible funding loan, but good prospects for oil to flow soon.

Big buying opportunity there coming up sometime soon if you are brave IMO.

Not impressed.

Am hopeful this will resolve quickly and the oil will flow soon.

The fear of such sort of events kept me from a significant investment here, always something with ANGS it seems,. Good luck all investors, should come good eventually.

DHC, Rodders74, Sageman, anyone, please reopen this thread and quote my full post from Tuesday at 10.14hrs to reply to any of the derampers bringing up any aspect of the tired "SS has not invested here" attempt to hurt UKOG.

I don't usually have much time to read or post here, but I can tell this topic is one of the last straws the derampers can argue with.

Stating FACTS and only getting personal attacks in reply, or from Pingu statements that options aren't the same as stocks, just shows there is no rebuttal to Steven Sanderson's 85 million options that have him exposed to at least 30 million UKOG shares long as of today. Vague statements that there is no daily mark to market on the options SS holds reveals a complete lack of understanding. If I bought 10 million shares here through an investment trust, where I can only trade every three months to comply with regulations pertaining to the trust, do I still have a daily P&L? Of course I do, however I do not need to do anything about it. SS is in the same position.

I'm not able to day trade here, but do try to look in every day. Firmly believe the big winners in UKOG will be the long term investors. Almost impossible to buy the low and sell the high, but patience where to possibility of large upside exists based on expected asset value upgrades has served me well so far.

Good luck to all the short term traders stuck at a loss and the wild gamblers that have bet the farm here, the price will lift all boats clear of the rocks in the next year IMO. Happy to wait and see how it all unfolds, buy more if prices decline further without a fundamental reason.

Clarry, this is my PERSONAL funds. I am allowed to speculate in uncorrelated markets, am in here long term.

last bit was cut due to size limitations:

This is an economic exposure that every options trader, market maker, or hedger experiences and must report in a daily mark to market. Unfortunately some serial derampers here do not comprehend this exposure; it is real, and was very costly for SS as in the last two years he has accepted share options instead of cash salary of at least GBP200,000 per year, so you can state that he has in fact invested well over GBP 450,000 in the future performance of UKOG.

Bit more skin in the game than anyone posting here!!

So for 2019 Trolls, give it a final rest. The CEO of UKOG has very BIG SKIN in UKOG, and is hugely invested in the future company and share price performance.

Clarry you need to use facts to dispute the facts I stated in my post below at 10.14 today.

I have spent many years as a proprietary, arbitrage, and market making professional trading options, either refute the facts or try your charms on a different audience. Have a good position here as not correlated so work, tired of looking in and seeing this issue constantly raised by derampers.
----------------------------------------------
The following is 100% factual based on UKOG accounts and RNS releases; no amount of spin can refute anything stated below.

From Note 5 on page 49 of annual accounts:

Steve Sanderson earns 240k salary plus options, no pension payments

2017 99k 41% of salary amount as options
2016 367 153% of salary amount as options

So during 2016-2017 accounting period our CEO received payment of GBP466,000 compensation in the form of options that will only have any value if the share price goes higher and stays higher.

The constant deramping of “our CEO has no investment in the company” is pure manipulation to ignore the huge personal investment SS has in the UKOG. He is exposed to tens of millions of shares from his options positions. Sanderson has paid for his large option positions to own UKOG shares by accepting less cash income today: his skin in the game is this large forgone income and accepting options that will only have value if the share price of UKOG goes up and stays up.
No one, repeat NO ONE, has more skin in the game here. GBP 466k over two years in shares for this CEO job is equal to his cash salary over the period. Ask any CEO receiving half their compensation or more as shares if they are personally invested in their company… Some of us posting here have been granted options as part of our compensation in the past, and can absolutely confirm we have acted to promote our investment via successful company results. 100% SS is motivated to increase the share price by his huge options positions. 

For the many uneducated reading here, especially Scandick, a call option to buy at 0.4 when the underlying and forward price is at 1.40, the option is DEEP IN THE MONEY with a delta of perhaps 0.90, meaning it is an exposure like 90% of the underlying, or it is 90% likely it will expire in the money and be exercised.

Our CEO Steve Sanderson has a total of 85 million call options (from 16 April 2018 RNS). SS owns 25 million call options at a strike price of 0.4, with a 90% delta then he has a current holding of underlying stock position of 22.5 million shares. This would be worth at least GBP315,000 today.

If the price of UKOG goes up from 1.40p to 1.50p the position profits by GBP22,500

If the price of UKOG goes down from 1.40p to 1.30p the position shows a loss of GBP22,500

This is an economic exposure that every options trader, market maker, or hedger experiences and must report in a daily mark to market. Unfortunately some serial derampers here do not comprehend this exposure; it i

Ah twitter, guy reporting this has done same before, he is perhaps hoping the third time right?

Clarry, read a small amount on Delta hedging an option, you will then understand he has a large daily mark to market profit/loss exposure.

If he didn't, anyone running an options book in say BP shares would have nothing to hedge, as there is no exposure...

Little knowledge is valuable. Best to stay quiet if you don't understand what you are trying to discuss.

Scandic I know you have never received options as part of your compensation, but the way it works usually is the options are held until the time is right to both exercise the calls to become long stock and then usually sell them in the next minute. This kept my cash free to do other things until the time was right to sell.

Easy for everyone else to understand. Inconvenient for you as running out of valid themes to bash UKOG with.