Member Info for scallywag3

Now we have clout to get Sanderson out. : CANACCORD GENUITY GROUP INC. independent investment bank.
Anyone think they want a loser at the helm.
Bet they have a plan to get their own people in.

Exciting RNS I might eventually get 1/2 my cash back.

You could be down more than 100% e.g. You have £1,000 and buy UKOG and the share drops by 75% over a month or so. So you sell.
The SP begins to rise and you buy back in at a higher price and then find it was only to entice folks as another placing was due. you sell again and your now down 90% The placing drops the SP to such an extent that it's to good to be true, Having to get back in you take out a loan, another £1,000 You go to YA for it, not having a company on which to create more shares, you offer them your wife's un-washed underwear as collateral, They of course jump at the chance. Now your back in and low and behold, Sanderson takes £375K out the kitty rather than use that for his next plan. More placing and the SP tanks, wiping your brow you have finally realised what a FOOL you have been, You sell and find you now only have £500 which you have to repay to YA. so effectively you are down more than 100% You still owe YA £500 and have no shares. YA return your wifes bra and with a smile say they are keeping her panties. Now many would say you have lost your shirt on UKOG but in reality you have lost you wife's knickers. and over 100% down.

I'd say that UKOG removing rental equipment to outright buying of it. Says they believe in a bright future for horsehill.

A "perfect storm " Mullins, One in that Sanderson cast his net and caught £375,000 of P.I's cash.

Another dream or reality
https://www.bbc.co.uk/news/uk-scotland-52459009

By Friday 1st, When these shares are admitted to the market, Most of them will have gone at this rate.
Then back to normal working with YA .

KarlovyVary When I saw your post and with only 28 previous I thought another T.r...L but I read it all.
And I have to agree with you. Good post.

That Fool Sanderson, Should have waited for increased production and a better SP. before altering from rental to purchased assets.
The guy is an absolute AR5E with finance. and No conscience when it comes to P.I. investors. Needs to be placed in the village stocks.

The possibility is that HH1 is being changed over from Portland to Kimmeridge layer. If it's going to be a while before work starts on the commingling. Why have two wells pumping from one layer when we can be producing from two.

Sanderson hasn't done himself any favours by not updating the flow rates from HH2 ( even saying it is an intermediate update prior to final well clean up ) before he delayed the works due to Coved_19.
That's the bit that annoys me most, more than his cash grab while everyone else takes a pay cut.

Are they using other tanker firms ? makes sense , if your going to be running multiple tankers a day Not to put all your eggs in one basket.

We need someone with integrity to run UKOG. A person like " Captain Tom Moore "

https://twitter.com/captaintommoore/photo

Not Slippery Sanderson. An untrustworthy deserter.

Selfish greedy little SS gave himself equivalent of TWO years pay so he could weather the storm, leaving the rest of us on a sinking ship. what a coward.

Mirasol If HH2 is shut in. Then we are getting 2 tankers a day just from HH1 portland So Not in test mode as Penquins said.
Does HH2 need anything but a skeleton crew, there is very little to do. without covid_19 it would still be just a couple.

Is it Not the case, that although we are a production company, the wells at horsehill are still in test mode and therefore restricted to output. HH1 will come into production once the kim and port are duel flowing ( Late spring) .
hh2 I don't know when that is scheduled to go from test to production. Summer possibly
Would be nice if Sanderson would confirm that the field is still on schedule.
I'm surprised he hasn't said the the clean flow rates by now, he has been ok with divulging that information in the past.
hh2 is obviously clean, there has been no waste tankers for weeks.
ATB

That RNS should have been out last week.

Sanderson paid £12M for the 35% Tellurian stake in Horsehill.

UKOG entire company valued now at £28M ( Due to Sandersons very poor abilities with finance )

Tellurian could now buy 42% of the entire UKOG company for that £12M

Sanderson has to be replaced. Anyone got enough cash to buy 5% ...... I guess the way it's going, some of us soon will.

Was going to stay away for a bit but saw this and thought it important enough to put on here during this time of lock down and boredom, some may be tempted.

"From a friend who is a police officer
I would like to take this opportunity to alert my friends on Facebook to please be aware of some of the Facebook posts you comment on especially now while the world seems to be at a standstill. These posts ask questions such as, "What was your favourite teacher's name? Who was your 1st grade teacher? Who was your childhood best friend? What was your first car?" etc. Do these questions sound familiar? They should. These are the same questions you are asked as security questions when setting up bank accounts and credit card accounts. When answering these questions and posting them, you are giving out answers to your security questions that you may be using without realizing it. Hackers are setting these up as a "get to know each other better" game on Facebook. This is why I jokingly asked about your 2500th picture, as some of you may or may not know, your pictures may have geolocation turned on so people will know exactly where you took that picture.

They can then build a profile of you and use this information to hack your accounts or open up new lines of credit in your name. Not all of these on Facebook are scams. However, it is best to remain vigilant and refrain from participating in such activities as there is no way to tell which ones may have been created by scammers. Some of you don't like participating in chain messages but this may be one in disguise.

Also make sure to check your photos published to Facebook as they too can have identifiable information. An example would be a picture of your college degree or your kids degree.

Look at it from the perspective of a criminal, they're ruthless and don't care what's going on in the world.

Thanks and stay safe.

Thing is,
I'm wondering how much a company will be left by the time ukog get some worthwhile information out to raise the SP
I hope to God we don't have more shares on the market than UJO by then.
I know, I know, It'll be next week. ............ wait ! ... or maybe the next week. ..... or...

YA Certainly took ar5hole Sanderson to the cleaners with this loan.