Member Info for OofyProsser

Yes, I feel a nice little top-up coming from Ozzy!

RichieH9: that depends on whether Ozzy, Ocelot and their fellow travellers still want to top up, average down or otherwise suspend disbelief in this crock. If they’re willing to take advantage of the then-prevailing bargain prices, UKOG could stagger on for a little while longer.

Proffit: have a look at my 21 July post. The only thing that’s happened since then, as far as I’m aware, was the lodging of the latest Forum Energy Services accounts, which show very little in assets and a small bank loan. In my view, shareholders’ best hope is that the deal with Forum will go ahead and Mr.Forrest will sell the tax losses to someone or other, or keep them against the possibility that Poundland will make a profit one day. That's if they can be used in this way. Mr. Forrest’s Poundland loan guarantor, Saltfleetby Energy Limited, has filed its accounts but they’re not available to view online yet. All this assumes the Poundland deal between SEL and AAOG will go ahead, in which event AAOG shareholders will see a massive dilution.

Ozzy: you’re just wrong, as usual. Why do I waste my time discussing this with you? You don’t seem to learn anything.

Did you pick up a few million cheap shares at .16p? Averaging down again? Remember, you haven't lost any money until you sell them (or until the shares are de-listed). Or, as your tutor Ocelot would say, the fact that the share price is going down means it has much more scope to go up. What’s your next buying level? Go on, you know you want to. Loxley. A gusher in Turkey nailed on. Directors’ buys guaranteed (they said they would). What’s not to like? Zooooommmm.

Well, it's not one of the directors, anyway.

PS. I trust you’re busy filling your boots at the current price.

Ozzy: no, I don’t know why you would think I’d retract any statement. I’ve offered little analysis over the past three weeks or so because nothing’s changed and I don’t want to flog a dead horse - though I suspect that’s what UKOG is. We’re waiting for the drill results, aren’t we? What’s to say about that? The same thing re Director deals. And no, you shills have no answer to the points I and others have made about the borrowing/placing requirement and the commitment UKOG has made to drilling further wells before they’ll have much idea about the current prospect.

Ozzy: it must be time for you to average down! 16p.

Re research, I’m not an expert as a good few posters here are on oil drilling and production. I do have some experience in financial analysis. I haven’t posted on the finances here for a while because nothing much has changed, other than the placing and the open offer - which have been thoroughly debated. I've said ever since I first looked at this crock that it's all about Turkey and a failed well will result in a much lower share price. The share price doesn't discount fully a failed well. It’s where it is because there's a slim chance they will find oil.

I’m not going to try to discourage you from “averaging down” though. Go ahead, fill your boots. See where bravado gets you.

Ninetails: I was surprised at the length of Backinthis’s sentence. It went on and on, didn’t it? If I could have made sense of it, I’d have thought he’d done A level Latin, for which the ability to write paragraph-long sentences used to be a prerequisite.

Ocelot: subtlety is your stock in trade, not mine. And I aim at objectivity: no one has argued successfully with the research I have posted on here or elsewhere, as far as I can recall, though I have met with some very unsubtle remarks from some posters who I’d be prepared to bet walk with their knuckles grazing the ground.

Skwizz: a very full description. It’s a practice that’s best avoided, unless you can honestly say to yourself that you’d buy the shares today if you didn't already have a holding in them. Bravado, desperation, spiritualist beliefs are often the explanation for people doing it.

You’re.

Knew it..

Averaging down doesn't reduce a loss, it increases it if the price keeps falling. Investors should ask themselves before they do it “if I didn’t already hold this dog, would I be starting to invest in it now?”.

It does seem to be taking a longish time to complete this drilling, doesn’t it? They’ haven’t converted it to a geothermal prospect, have they? I think we should be told.

Ocelot: “I don’t think some of the detractors can give it a rest.”
That reminds me of your paymaster’s Q&A responses a while ago at Anguish. For UKOG, just substitute “Turkey” for “Balcombe and Saltfleetby”. It was the truest answer His Lordship has given to date:
“Success at Balcombe and Saltfleetby is the only thing which will silence such detractors.”

.waste

Moneymunch: I’ve answered this question on the other site.

gkb47: well yes, but “most stupid and poorly researched” appears to me to encompass the majority on these two boards. What distinguishes Ocelot is her consistently smooth delivery and sang froid. Far more effective and insidious (sorry, Insidious) than the blatant ramping of the regular boiler house crew. I’m not saying I like it. Actually, I deplore her talents being employed in this cause. But then, as I’ve suggested before, AIM itself has developed as a sort of Darwinian, survival of the fittest, devil take the hindmost, rigged casino. A regressive taxation system by which the small savings of large numbers of the gullible poor are channelled into the pockets of small numbers of the rich and well connected. AIM and the FCA sit on their hands and merely monitor the ticking of boxes.

Not fair, Ocelot. Please get a proper job. You’ll be amazed can at the satisfaction you may get from it.

gkb47: I’d put Ocelot in a class of her own. No histrionics. Just smooth, unruffled, plausible and all expressed in decent English. If only she’d put her talents to a more respectable use.