Member Info for Redheadedrager

as predicted . . .

Someone give Rover a treat - he’s had a tough day . . .

Hmmm . . . Funnily enough my perfectly accurate comment about this share ending up res by the end of day has been deleted. I will repeat it before others are suckered in.

No income from HH

Directors claiming huge salaries

No funding for Turkey drill

There will be a fund raising soon ergo further dilution

No guarantees that Turkey will flow - given the local profile

We’re going to be paying for Sandersons fancy slacks again

Don’t be fooled by the ‘director’s purchase scheme’ - so from 100% overpaid (no revenue no assets) we go down to 90% overpaid

This share is an absolute dog

I know it all too well . . .

There will be a dilution here imminently. We all know it. Sell now, buy in after the dilution. Simples

The only reason management are proposing to invest is because the article to approve further share dilution was rejected at the AGM

Their proposed share purchase scheme is about the minimum they can do and still call it director purchases.

It’s pathetic and paltry and a ploy to try to pull the skin iver investors eyes.

These guys are bleeding UKOG dry. How much money have they had from the market? How much have they directly trousered over the past 6-7 years? How are the assets currently worth? What revenue, income and profit are UKOG generating and what proportion of that is being hoovered up by Sanderson’s et al fancy slacks?

Figure that out and you’ll know what to do with your money. I was invested here, lost a lot ‘greatest UK in shore oil field’ my arse . . .

@skwizz - £3k that was an expensive hooker mate . . . ????????

Does all LTH include those that have been in from 50p down to 2.2p?

I wonder how many here are in for the quick trade?

TBH the board are going to have to work something close to a miracle to get this SP north of 10p at any point in the future.

Explain how HUR are going to refinance the £210m bond?

I am all ears . . .

6p and I’m gone - because I am here for the short term trade.

. . . are messing around with HUR . . . Someones very keen to keep the price low for some reason. The size of the trades indicate that it’s not just PI action out there at the moment . . .

Lift cost $13/bbl
Hedge at $35/bbl
Water cut stabilised per last RNS
$150m+ in the bank
Producing 17,000/bopd+
Tech review due
New CEO soon
CPR Q1 ‘21
Debt not due to be renewed until July ‘22

Seems OK to me

Only thing driving this SP south is concerted efforts of short hedge funds.

They’re not omnipotent. See GLEN, TLW, etc.

I think theyve called this one wrong too.

All the big successful Hedgies are Steering clear of Shorting HUR.

Wonder why. . .

Compare how long TLW is being hrld in opening auction with other FTSE companies.

There are shenanigans being played by the hedge fund shorters and the MMs.

FCA and PRA should be informed and investigate.

Compare how long TLW remains in auction with other FTSE companies.

There are shenanigans being played by the hedge fund shorters and the MMs.

Once again hedge fund shorters trying to manipulate the outcome.

FCA and PRA should be notified.

TLW share price is possibly one of the most heavily manipulated in the FTSE at the moment.

At least P.o.O. Is climbing

Erm - do you check the short position tracker Nhawan?

No firmer indication than that;

- RBL secured - short position increases
- New CEO announced - short position increases
- Price of oil starting to stabilise / recover slightly - short position increases

But hey, you stick with your “This is worth 19p” mantra

Because you obviously know more that the brokers . . .

Nhawan

Any analysis to back up your SP recommendation?

No?

Thought not.

Because its SP is being manipulated by hedge funds trying to engineer a cash squeeze and ultimate failure of TLW

But they are starting to lose

Hence the ever increasing short positions being taken

The big city boy knives are out for TLW but TLW is fighting back

It’s an interesting battle

I’m hoping for a short squeeze when Brent hits $35/bbl

Hypocritical probably

Every morning goes into auction for 5-10 minutes.

Very odd.

Last one was wayyyyyyy back in 2018

A few material changes since then me thinks.

That would set the cat amongst the pigeons . . .

Agreed Berni - 2022 & 2023 oil prices are critical

Also critical is understanding what TLW’s lift costs will be in 2022 and 2023 and where the free cash flow point is.

TLW has many actions in place to drastically reduce OpEx but these are yet to land and hence uncertainty.

Also the ability to service debt, which whilst not an immediate challenge due to the RBL being agreed and no debt due to mature in the immediate future will be a more pressing matter in 2022 & 2023.

So, I’m not saying that this will be £1 by Christmas but I’m also not saying TLW will fail, which is Laidback’s assertion / scaremongering.

My view is that we are due for a slow but stable recovery as the world gets back in its feet. Hopefully with no further large break outs. I predict price of oil to stabilise in the $35-45 range by end of year which will see TLW broadly OK for free cash flow in 2020.

As further global economic recovery continues in 2021, then price of oil will recover to $45-50 range in 2021.

By that point TLW should be (with a fair wind) cash generating and able to service debt easily. I expect TLW SP to be £0.65 - £0.85 by mid 2021.

It will not be a straight line and there are far forces afoot - given the level of disclosed short positions.

Something could upset the Apple cart such as a takeover bid.

However, predictions of TLW failure are vastly exaggerated.

Cheers

Red

. . . a two week quarantine themselves

They’re highly infectious, likely to cause (financial) ill health or even death (of a portfolio).

But if left alone untouched for 48 hours they become benign and can be read safely. . .