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Penguins, another post with a negative spin. The focus this time being on depletion.
Over the 20 year life of the welll, if there were no depletion it would be an anomaly. A geological freak of nature. Nothing is finite.
You take your figures from the scoping report. If you bother to crunch those numbers, you will see that the average targeted production over 20 years is 2000 bopd, which is the figure SS alluded to you in the latest interview. That covers the 3500 bopd envisaged over the first few years, and the expected depletion towards the end of the life of the well.
But it is only a scoping report and we need the cpr to firm it up.
Still a lot of oil just for starters.
Firstly he can’t at the moment because we are in a closed period. Secondly, why would he. He can buy them at any point at .4 p no matter what the share price. Tying up cash for no good reason.
If he did buy them, you would say he is only buying them to sell on, because he knows the sp will drop in the future. He can’t win.
Thirdly, he receives shares as part of his salary I believe.
This has been discussed to death and yet you still try and spin it to for own agenda.
Well, after today and the last few weeks trading, it should be blindingly obvious that this has been played like a fiddle.
Today we had numerous brand new posters appearing, trashing the share. We had Brokerman and TW shouting about placings after having been silent for ages. And then lo and behold a lot of big buys and then the interview. A leak maybe.
Good interview, put to bed a lot of the dross spouted on here. 2019 looking to be an excellent year, and when all this garbage starts up again, ‘this dog of a share’ ‘small downbet’ ‘Ghastly flow rates’ remember today and how quickl this can turn. All to play for.
Most of what you describe as ‘ghastly’ is correct. Oil price, Brexit etc, all but one. KL3 results were good on a vertical non optimised well.
You did however miss off a ‘ghastly’ The CEO.
To allow this to slide without taking any remedial action is definitely ‘ghastly’
You really are a tiresome old fellow. Bored, and stuck behind your computer screen with a few quid to splash around on ridiculous bets. I doubt any loss would really affect you. Play money with the added thrill of coming on here and trying to be contentious at the expense of mostly regular investors trying to make a bit of money for themselves.
I read your posts and see the form they always take. Always with an emphasis put in the last sentence, of your end target of .5p. Your last post stating an expectation of 5000 bopd from KL4 for a move in the sp is worthy of derision., as are you.
5000 bopd from KL4 at this stage in the game is impossible, but should it transpire, then it would send the share price into orbit. 5000 bopd from all three zones is not possible. You know full well they are targeting 3500 with additional wells and sidetracks. 700 bopd from 2 zones so far have already elevated this to the second largest onshore well in the U.K. Please someone correct me if I’m wrong.
After the dissapointment of BB and before the EWT at Horse Hill the share price hit a low for a very brief period of time of .95p At that point no oil was being produced. It wasn’t even known if HH would flow again after being shut in for two years. Now we know oil is flowing and flowing well. Non optimised, non production tubing, and vertical. The lowest common denominator for flow results. The Co at the moment is grossly undervalued and the sp should be above 2p as it stands now.
I don’t like having to waste my time replying to your garbage, but it needs to be done in case any intellectually challenged individual might actually take you seriously. I suspect as a has been, you now crave attention and this is your way of getting it.
The sp at the moment is being heavily manipulated. It has been worked down systematically from the last RNS. Large II’s don’t pay top dollar for shares. They pay bottom dollar, and now this may have hit bottom dollar. Maybe we are seeing an accumulation.
It’s fair to say, I and most other pi’s are unhappy with this at the moment, and I’m still a critic of Sanderson who appears to have scant disregard for keeping investors informed. However, i do believe he’s intentions are still to turn this into a mid cap co. My own view is it will be bought out long before.
Now do yourself a favour and try and salvage some dignity and credibility. It’s not big and it’s not clever!
Scandic, I think we’re all agreed on that about the pr.
But the question is, are they or have they deliberately been trying to keep it low profile because of the acquisition or someone accumulating. Just thinking out loud.
Crocqman,
I am definitely not an expert, but I agree that the average pi would unlikely be able to short a stock like this, other than by way of a spreadbet.
However a previous poster was suggesting that it could not be shorted full stop, when it clearly can, by MM,s and II’s.
Be useful wouldn’t it if we had an ex MM on here willing to spill the beans. We have plenty who talk as if they’re ex MM,s
Chaebol,
If you’ve had a long day, I suggest you don’t come on here and post on subjects you’re not completely clued up on.
You wrote, passing yourself off as an expert, and I called you out on it. AIM is far from transparent, and there are all sorts of things that go on, that the majority of us will never be aware of. HUR is being shorted, and so are other AIM stocks. MM’s can short (to make a market) and do. Any share can be manipulated by buying and selling strategically, which I believe is what we are seeing here.
Enjoy your evening.
You said ‘only spreadbetting firms will allow you to short the aim market’ Wrong, wrong and wrong again.
Now you say ‘some MM’s and most spreadbetting firms will allow you to short the top 50 aim stocks’ Your making it up as you go along.
Let’s face it, you don’t have a clue, apart from on one point. UKOG will be around only until they get taken over.
I would say so. They turn up like clockwork with their incessant negativity at times like these. Who the hell does that with something theyre not invested in unless of course they have a reason. Ie getting paid. One posters comments won’t make a difference, but collectively they can deter any potential new investors.
As far as Scandic is concerned, suffering a heavy paper loss, apparently, but consistently posts negatively. Dumb and dumber, or trying to average down. There’s always a reason.
Im all for a balanced argument, but you are one of the most prolific derampers on this board. Not only here, but also 88e. Every post is negative. Never a balanced view, never a positive. You want this company to fail.
Fortunately your username is well known and your posts are mainly disregarded by most. Whenever there is a downturn in the sp, you appear like a bad smell. It’s also clear you work a night shift, so maybe this is a second job.
You accusing anyone of being a ramper is hilarious considering your own agenda.
‘Thou protesteth too much’. Macbeth.
One of the responsibilities of a CEO is to look after his shareprice and provide shareholder value.
The company will prosper and provide shareholder value eventually because of its assets. However in the meantime Sanderson needs to up his game and provide more information. If we were to go by RNS alone, then we are still completing a final pressure test on KL3.
For those that knock the guys who provide the photos and videos, if it wasn’t for them, we would know nothing. Fortunately, no thanks to the company, we know that we are still flowing decent amounts of oil regardless of shut ins, different chokes or whatever other tests they are carrying out.