Member Info for Sageman

Tymers I specifically meant that the numbers re the total shares held are irrelevant. It is the exposure in terms of an individuals total wealth that is important. I never invest more than 1% of my portfolio in a single stock albeit that subsequent price movements may alter that. Here’s to ending up being extremely overweight in UKOG!

Tymers the numbers involved are not relevant. It is the principle. In the meantime we await K4 with anticipation. I was thinking about earlier when Rodders inadvertently put his foot in it regarding a £90 trade. It doesn’t matter if it is £90 or £9m the game and the dream is the same.

Rodgers I guess you are like most of us here. Buy some, sell some, buy some more. Constantly working the investment to reduce the B/e. Nothing wrong with that. I try to build a core holding that is free. I had got to circa 2.5m free shares here but have since built to 14m. Hope to trade and end up with circa 5m free shares for the long term. But currently very difficult with oil tanking and FTSE100 down 10% on the year. Makes for interesting times. I am lucky in that I can buy a good share and hold and add through volatility. I always feel sorry though for the poor souls who desperately put all their money in hoping that a 100 fold multi bagger will change their lives only to find that they lose 80% of their hard earned cash.

I was pleased to see the flare stack and pump but need clarification regarding the source of the oil. SS said in his recent interview that throughout testing and drilling oil would continue to be pumped. Just because we have tankers it does not follow that the oil is from K4. An RNS to clarify the source of the oil is required. In the meantime the tankers are a welcome sight as is the activity.

Private, I never filter anyone. I read the rampers and derampers with a pinch of salt and do loads of research. All I want to get is the truth. I am at an advantage in that I am a professional investor and thus know what fellow professionals are looking for. This is for me part of my personal high risk pot. This is not on professionals radar because it is too small, too high risk for most retail clients and there are no profits. Professionals like to analyse numbers per the SS interview comments. But currently there are few numbers to analyse. This means that the PI has a rare opportunity to buy a share cheaply because it is too early for the pro's to express serious interest and commit research resources.

well Private if everyone filters you then you end up talking to no one. I could leave it to you to work out whether you care or not. But actually you do care because if you didn't want to talk to people you wouldn't bother posting!!

Starbright I beg to differ. He said that Portland is commercial and would have 3 wells. He said that k3 is commercial too and would have wells. These alone support the current MCAP he actually said Portland was worth a NPV of over £200m. K4 and other projects are additional and yet to be quantified. Thus if he is telling the truth and delivers on Portland and K3 the SP needs re-rating. The other projects are a bonus that should make this sp multi bag.

The basic principle of making money is to buy low and sell high. I do not regard buying this company sub 2p as being "mugged" irrespective of subsequent day trading and short term price action. There really is only one question now . Is SS telling the truth? If he is and delivers with multi wells and no placing then the sp has a very bright future. However, if he is a con man he deserves to be in jail and we will all be poorer. My bet is on the former not the latter.

FWIW my view (irrespective of who is selling) is that we still have an information vacuum. The SS interview was good but too short and lacking in essential detail . He talks about the parameters that professionals use DCF, NPV, etc. However, whilst he paints a colourful picture the detail is simply not there is perform those calculations. PI's will invest on trust. Professionals need the numbers. If you trust SS this is a big opportunity to invest before he provides the detail that the market needs.

I liked the interview which ties in with Vonk and puts a little more meat on the bone - but not much. Without K4 and proper detail the market can’t do the necessary calculations. This means that the professionals are holding back. However, if you like what you hear and believe in the project this just provides a buying opportunity. Solo selling combined with mm games and trading have kept the Sp low. If SS can deliver what he is intimating ie multiple wells, positive cashflow and no placing the Sp will multi bag. I look forward to K4 RNS. I have a good feeling about this share as a 2 year hold.

Brocal , it takes all sorts and I have nothing against day traders. I day trade some myself and hold the balance. If you hold 1m at 2p and buy another 1m at 1.50 and sell 1m at 1.65 your B/E is now 1.8p on your remaining shares. Also when a double digit percentage gain is there for the taking it is rude not to. People here come out with comments like "i didn't buy this share to make 0.2p". Well 0.2p on a 1.5p sp is 13% and if you were holding £20,000 worth of shares a £2600 gain in a few days is very nice. Pretty much the only people making money here are those who have been trading to a greater or lesser extent so don't knock it. If someone here is making money well done, unless you are a deramping parasite trying to fool others.

Hi Willow , I have a strong suspicion that you will be proved right but In the meantime I am staying open minded. I like to read both the derampers and the rampers and make up my own mind having put in some proper independent research. It was that research that made me question the market reaction to the RNS.

Hi Willow I don’t think that it is possible to put any value on this company at present which is why I look forward to hearing from SS. We need the flow figures from the K4. The. We need to know how many wells are planned to be in production in 2 years time. How volume oil is to be transported eg is it possible to run a short pipe to another area from where tankers can collect? 550 BOPD gives one mkt cap, 1500 BOPD another and 3600 BOPD ( the level applied for ) gives another. Once you know the production you can then calculate future profits ( making assumptions for poo costs etc). Currently the market hasn’t got a scooby do how to value the Sp as evidenced by recent trading. Depending on K4 , multiple wells and future plans the Sp could be ....? With SOLO gone and positive sentiment we will hopefully see the current recovery continue.

Today is different . All last week we had large selling pressure early doors. Today this has not happened - is SOLO done? I hope so. The other thing is that the penny has dropped due to the presentation and the Vonk interview. We are talking multiple wells . Markets priced it as well singular from Portland and K3/k4. But each layer supports multiple sustainable wells across the Weald = far higher cash flow, profits and lower funding needs.

Yes but Johnny others here are investing real money. In contrast you appear to be mentally masticating data and twisting things to your own somewhat transparent agenda.

128064 you are a very obvious deramper. In contrast I just want to understand. What I can tell you is that outside PI ramping world the real investors are looking at cash flow, profit and placing probability . Multiple wells is a game changer. If markets have misunderstood the RNS and used single well production in their models it explains the Sp. If you are short and they realise their error ...... who am I ? A discretionary fund manager taking a punt. But being a DFM I know that my fellow professionals would not be looking at a tiny company in detail. Hence the potential for error.

JBG I suspect you are far less successful than you would have others believe and your attempts to manipulate others do you no credit. UKOG have been selling off due to SOLO but also due to what would appear to have been a major misunderstanding of the RNS which Vonk has corrected. We are talking MULTIPLE WELLS. Do the math using multiple wells and the cashflow massively increases and the pacing needs reduce. The market has taken the production from a well to be total production. The market needs to multiply the production from the test by the number of wells. As infrastructure goes in place and things develop with licenses we could have major production for Angus and UKOG across the Weald. Listen to Vonk, look at the UKOG presentation and it is all there. I expect prices to rise once markets reassess.

Without trying to ramp what Vonk actually said was that 1500 BOPD would support a mid cap of 250m but that the market has not allowed for multiple wells across the Weald and the further development. Also that the market has taken the the current sustainable figures for K3 and Portland and assumed that the production would be circa 560 BOPD ( with K4 on top). The market has failed to understand that this is per well and there will be multiple wells. Oil production will thus be far higher with resultant cashflow an. Reduced need for placing. Whether you trust Vonk or not my reading of the UKOG presentation was precisely the same as he has said . We will see if the multiple well scenario is understood on Monday. This is of major and fundamental importance in terms of the commerciality of this project. The interviewer was saying things like you can’t call it the Gatwick gusher if it is only going to produce 550 BOPD. So the interviewer clearly had it wrong and Vonk had to correct him on my more one occasion about multiple wells.

Jbg when your head is stuck up your own backside vision is often impaired. You are a serial deramper clearly with a big short. The fact that you think that others here have a negative IG and can’t spot your carp a mile away shows huge disrespect. My hope is that on Monday the price rises and you lose the money that you have hoped to take from others.

DHC I am in Angus, Alba and UKOG. All I want to know is the truth. Many things have not made sense post the RNS. I looked at the RNS and read the presentation and ended up confused as to the market reaction. I thought that I had somehow misread ,hence my questioning. PV specifically confirms the multiple well scenario and therefore far higher oil flow and cashflow and says that everything has been valued on a single well basis. Multiple well = higher mcap.