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Yes and business is both challenging and fun. Of course you have to be on your guard etc. Some might consider that parts of UKOG's treatment of shareholders' funds are highly unethical.
We can learn a lot from them especially the good bits! I don't think Sanderson's failures will be tolerated
Political, prestige, financial markets, perhaps tax losses etc etc .
Turks have a high regard for UK especially for BREXIT.
Turks also good at problem solving and business development.
When all is said and done, AME is far superior to UKOG and has / will outwit the present management. That doesn't mean a merger is out of the question and AME may have a far superior approach to resolve the impasses. Open mind please!
Re Turkey. If Turkey was going ahead we would have been told - Sanderson doesn't get much chance to boast these days.
Give it another week, if nothing, then commonsense suggests UKOG have hit problems and won't tell us.
Shareholders may have to assume that Turkey is off the agenda unless there is positive news by end of month.
In which case should strategy be to remove Sanderson and bring in an expert to revisit and reassess potential of HH,BB and handle LY on the basis that there is good news in July.
The Turks are very fastidious when it comes to checks and also like to play games to test reactions. So patience and humour are required at the very least and then it is a wait and see.
Trouble is neither Sanderson's record nor UKOG' s profile of failure is helpful. And the consequences for failure can be very severe.
As things stand, UKOG PLC appears as a worthless business which has been very badly run by an immodest geologist. He should never have been taken on let alone allowed to run UKOG PLC as a one man band.
Every project so far has been messed up and the costs have been uncontrolled.
Receivership / administration is an option to kill this dog once and for all and shareholders can then grieve and simultaneously be relieved.
Turkey is uncertain that is if it ever starts and one has to wonder if there is a problem here even before Sanderson starts.
What is needed is an expert to look at BB, HH and LY to advise if there are ways to get these in to some form of commercial being without major further outlay or NOT. An administrator might do this for a very large fee.
Some experts here have already put forward methods which might be adopted to resolve the present operation failures.
We have to leave it to the chairman to get UKOG out of this mess if he can otherwise it is goodbye!
AAF85
You are so right. Each part of the business has value / potential value. Add the parts together and one comes to a fair value - not .12p for certain.
Trouble is failure has been rewarded.
UKOG needs an expert in drilling to look at each part and find realistic solutions, some of which have been proposed by those knowledgable on this forum.