Member Info for Redheadedrager

@penguins

That document is superseded (I.e. no longer valid) by the document PLANNING STATEMENT AND ENVIRONMENTAL REPORT submitted 21/06/2019

Also didn’t infer that you’d made it up. Simply stated that I could find it.

But what the hey, you’ll still take the negative spin on everything you read.

Cheers

Red

@Penguins

Per RNS 28 June

“Whilst we remain very positive on the future commercial potential of the Kimmeridge oil play. . .”

So agree. Not declared commercial but I think that the chairman’s open, validated and checked statement per the RNS is

a) more reliable than your interpretation of a statement in a document that I can’t find on the planning website

b) a darn site more positive to boot

Cheers

Red

@Penguins

I didn’t say that you’re nasty. Just that you’re being disingenuous about UKOG. For all I know you could be a saint in other areas of your life :-)

Cheers

Red

@Penguins

Your entire approach to discussion on this board is disingenuous. You cast aspersions and doubt throughout your posts.

You claim to support yet litter your commentary with statements driven raise uncertainty over the VALIDITY of the issued statements via RNS.

That’s being disingenuous.

Let other on the BB decide. If you agree vote up.

Simple.

Cheers

Red

@Penguins

Thanks for your response. A bit wordy that.

In the absence of other information being issued by the company previous information remains current.

In the half year report: No change in predicted multiples (remains “2 or more times” vs “2-3 times” previously reported). No update on predicted flow rate per the RNS on 17/05/19 therefore take those numbers (in absence of an update flow rate).

It’s quite clear to me. It should be to everyone else.

Cheers

Red

@penguins

Per RNS 17/05/2019

“As previously stated, based upon well-established reservoir engineering metrics, it is expected that HH-2 has the potential to achieve a rate of 2-3 or more times the HH-1's vertical rate of 362 bopd.”

Stop being disingenuous.

Red

Hmm . . . Based on historic dividends. Interim dividend already cut. Final dividend likely to be cut given material reduction in predicted profits (or even cancelled depending on the outcome of the contract reviews). IMO if out then wait until the outcome of the review. If still in, well not convinced that this is a Carillion or Interserve scenario but there are risks embedded within long term construction contracts that will only be truly identified via the thorough review planned (even then the nature and size of any ‘holes’ which exist may never truly be known - see Carillion). Whatever, do your own research, but there is not such thing as a sure bet and I’ve had my own fair share of horrors - IRV, CLN, etc. But fortunately still alive to tell the story . . . I’ve learned my lesson and I’m not going to attempt to catch the falling knife on this one. . .

Ah, ignore that last question - just Googled and discovered that you wouldn’t be (gone ex-div today) ;-)

Record date is 12th - so if you bought shares today, would you be eligible for divis?

I honestly believe there is a special place reserved in heck for HF managers . . . Thank goodness I sold yesterday. A 25% loss on my investment but better than 100% loss. Very sad day for all SH’s but hopefully the company will survive in its Phoenix form and employees, suppliers and pension holders won’t be affected. Debt holders / new owners incoulnd really give 2 hoots about. If Bucher gets his CEO’ship back and the BOD retain their existent roles, then it’s more evidence of the back room deals being done without the transparency demanded by all the main market listing rules being executed. Shocking really, sad, and potentially corrupt. Only potentially though. :-( Red

@DHC - not sure that you can argue that UKOG has ‘fallen behind’ ANGS. We’re producing approximately 300 bopd. ANGS . . . Hey ho, just IMO. ANGS will finish with their rig in about 30 ish days. Then it may become UKOGs rig. . . It’ll still be spring ;-) Let’s just sit back and relax. All good things come to those who wait. I’d rather be behind if that means pumping out over 300 bopd as opposed to . . . Finest H2O NN Red

From lows in 2018. Once SFO enquiry has run its course, then a-la Rolls-Royce, PFC will fly. Happy days 😀

sweating much daniel.f . . . ?

https://www.google.co.uk/amp/s/amp.ft.com/content/565f2772-520a-11e9-9c76-bf4a0ce37d49 Again, excellent summary reporting. Cheers! Red

https://www.burges-salmon.com/news-and-insight/publications/guide-to-public-takeovers-in-the-uk/ Will save a lot of unnecessary questions. This guide is very good. Pretty sure that it’s current :-) Cheers! Red

That was a lovely Wednesday afternoon fillip :-) More like that please PFC. I sense SP north of 500p by Friday Red

. . . may be feeling the heat a little - seems PFC has survived most recent test of resistance point . . .

Hey_arnold, I really would try to relax a little bit. All other PFC short position holders have been reducing their winding back their bets. Personally I’d side with Blackrock and others. So, the city boys at Endagine are winning a little at the moment, personally I’m not worried at all. Chill. Red

In comparison to some of the top fallers this morning in the markets (RIO, CWD, PSN, AV., ADM, SDRY) were gilt edged ;-) Cheers! Red

The SFO investigation outcome will ultimately boil down to whether PFC had an effective counter bribery and corruption culture, policy, system of governance, risk management framework in place to prevent and detect systemic bribery and corruption occurring, alongside how they have engaged with and supported the SFO in their investigation and dealt with the issues. I like to look at Rolls-Royce as an analogy . . Even if the SFO finds against PFC (which I guess that they will in some part) the SFO has no interest in breaking companies unless they are currently ‘bad’ which given the response from those charged with governance at PFC doesn’t seem to be the case, therefore I predict a Deferred Procesution Agreement and a fine as a proportion of the revenues generated over the period of any proven bribery and corruption. This is being shorted by a bunch of hedgies (mostly US?) who tend to hunt in packs, once SFO uncertainty is settled, I predict an extremely strong rebound . . . Cheers! Red