Member Info for oxygen

It did say ‘upon commitment to the DDSPP ‘ , so guess the question is have any Directors actually committed. I see no indication as yet !

Some comfort here must be that a site with PP has valve . Do you feel lucky !

With the Loxley exploration drill cost at £6m-£7m ( per days Planning Inquiry ) I’d have thought most shareholders here would be saving up for the next fund raise !

You could almost feel sorry for those investors who participated in the recent Placing at 0.18. Not sure there will be so many mugs available next time around. I know a few residents who are already celebrating !

Hi Kraken....thankfully I’m retired but remember alerting any new recruit they faced a 3hr technical interview with me before being allowed into a trading environment, so it’s no surprise few here will take advice from anonymous posters however well intended there motives maybe . Stay the course !

Yes it would have helped clear suspicion if they had just included the exact timing of notification !

@Risky. I’m not a Trader, I just buy and hold. My only sale here was offloading an OO allocation recently as my dear Accountant wanted rewarding, but good luck if you wish to trade ENQ.

Well you got the first part of your comment correct. Never did believe in Financial Good Samaritans so a rather pointless post.

Would also be interesting to know time lines here, given the ‘fishing’ operation has been successful with the drilling assembly now recovered and bearing in mind the recent placing / offering. All rather unfortunate when it’s you funding the complete operation. Seems AME saw ‘someone coming ‘ !

@BJ....whilst us unhealthy Brits use the back of fag ( cigarette) packets !

Part of the interest is seeing which way the Planning Inspector jumps, bearing in mind this is just to get permission for the Appraisal Well. Can’t imagine the world of pain they’ll be in if they get permission to proceed and then make a discovery, as any Production Application will see more than a few locals on their doorstep ! No wonder they’re looking overseas.

As the CEO of an oil company you would have thought that Steve Brown/ Orcadian
would keep his climate change denial claims to himself, so it’s little wonder C4 helped him score an own goal by highlighting his now deleted Twitter comments. Maybe a few of their shareholders will migrate across to Enq. !

Good to see & likely helped by Royal Dutch Shell this morning showing what the rising price of Oil can do for the balance sheet....Qtr profit up 867%/ $2bn to be spent on Share buyback+ Divi increase. Our time will come & may be sooner than expected if Brent continues to strengthen.

At least when the USA smells corruption it investigates, no matter at what level. One can only hope that a few serious UK Investigative Journalists are eventually funded to take on this challenge , which the Government seems to want to ignore. The truth needs exposing as does the level of profiteering that has clearly been allowed to exist, all at the Taxpayers expense. At the moment it’s a case of the horse having bolted leaving its eaten lunch behind on the floor !

No difference there as Exploration is usually funded by Equity, but consider why that is. Interesting that the First Well on the Resan Turkey Licence is according to AME, the Operator being funded by UKOG which appears a smart move on their part. For shareholders it really needs to come in otherwise that Planning Appeal could be rather academic.

If you’re lucky this may just cover the OO expenses !

Revenue in line with expectations, but does this support current Market Cap. Will defer buying back in for now , as happy to be out at 1465.

@ammu. Easy, just sold equivalent volume from existing holding.....it’s not rock science !

Slightly surprised the OO take up was this low, may be a reflection on average size of holding so as no to warrant bothering. Suspect SP will remain subdued until these shares wash thro’ so decided to offload my allocation today....a few grand easy money, so thanks AB.

The longer btc sits below $30k the more likely it will retest the $22/$24 level. One glimmer of hope is that wider equity markets remain supportive.