Member Info for scallywag3

Numpty was probably told to make sure he got 4p for the shares. last week he sold at 4.15 so this week he can sell at 3.85 ave 4p
We need volume to get rid of the shares, maybe the MM's should consider putting the price up to see movement.
after all that's how they make their cash, Volume traded.

Obviously there is a Newbie Muppet running the show for those 55M 4p placings, can't keep his/her finger off the sell button and let the price rise . Where we would all be winners.
Don't suppose it's Vonk in his new post.

Only if the company selling the 55M 4p shares sit with their finger in their ass and keep it off the sell button.

Thanks Alan. Nothing to be done now, I' ll just stick my shares where nervous hands cant touch them for 3 months.

" Lidsey: The Company continues to produce crude oil at a variable self-restricted flowrate due to produced water disposal limitations "

What is special about the produced water that it is difficult to get rid of. ( Alan2017, Nice to see you posting here again )
I assume any oil mix would be removed on site at Lidsey.
There is a sewage treatment works about 10 meters away ?
Couldn't it deal with it ?

I wasn't aware we had a water problem at Lidsey. Hm! Until now.
RNS states. Lidsey: The Company continues to produce crude oil at a variable self-restricted flowrate due to produced water disposal limitations.
So no wonder the approval of 24/7 didn't make a jot of difference, until the water issue is resolved we can't take any more oil out.

On reflection, I think it might just be positive. Moving onto Balcombe was looked upon by the market as a fudge, they were very uncertain what was or what to believe with Brockham.
Now the plan is set, uncertainty has gone in some respects.
or Pboo it could just be a few weeks or shorter.

Hope that piece from the USA is coming by plane.

Disagree Derek, Balcombe is not an unknown as B.B was, we know it is gushing oil and on subsequent tests the water reduced considerably,
As far as I'm concerned Balcombe is the saviour.
It's what I'm pinning my hopes on, so hope I'm right, I won't wait around for Brockham. my faith in that one is 0% ( for the near future)
wouldn't be surprised to see a 400% jump on Balcombe RNS news in March.
atb

As so many are pissed of with the new bod, I have sent another note to George Lucan.
I had thought with his first statement that he would keep us up to date more often, Angus would never hear from me again, Fool I am.
"Good morning George
I bring to your attention that the very first statement you made was being more informative with your shareholders.
I point out to you, that NOT even your own Angus website is up to date, Months behind with some information. It's not good enough that we have to get our information from sources designed to hinder the exploration of oil in the UK.
best regards "

Jaffas, Had to sell some RMG to get those.

Finally on eight attempt got at 4.05p

trying to buy just 40,000 they wont let me

One thing is for sure, if you borrow cash / dilute. You don't want to see the lender walk away with a fist full of dollars.
I expect them to remain mute for that reason.
I don't expect much if anything from them for 2 weeks, another 2 weeks more is when Balcombe parish council gave them to be onsite.
Anyone who lose's their nerve now, is certain to lose their cash now.

I'm hoping for results for Balcombe 12th March.

There was I thinking I had tactfully hinted he may be a member of the Free mason society and you have come up with another idea altogether.
Stranger things happen:
You could own shares in a company, held by "ABCXY " for you. and without your permission they lend them out to a shorter, you watch your £1 share go to 80p and wonder why !

Very true Axebob,
RNS. 8th Feb : The operation at Balcombe is planned to remove all remaining wellbore and drilling fluids from said well and leave the well ready for extended long term production prior to submitting a Field Development Plan to the OGA and agreeing such with the local planning authority. It will also allow the utilization of the current well testing package from Brockham.
FDA submitted only after this current work is completed.Then we wait .................. it will be months,
Thankfully it's not the SCC or it would be years.
I see SCC have already delayed UKOG's planning request (What a surprise NOT )

Angus said that it was just the last of the drilling fluids left at Balcombe that was the cause of the water / brine.
With the last account being 6.6%
Would it be correct to think, Angus only need to go in with a minimum of equipment to take this out ( which should be less than 6.6% left. That there is no remedial works required to block off a water source etc.
All that has to be done is take out the total that will add up to 12 tankers. Close down the site.
post "dry oil" and were off to 15p. then they will give as a date for the AGM.

Taken from their accounts. 120K plus a 120K share based payment. not sure how that works here, but seen it elsewhere, where that share based payment is deferred til profit making.
Here is something of interest while I searched. Tidswell's shares / loan I believe he still has this loan outstanding to pay back.
" The directors received salary from the group totalling £300,000 (2016: £235,286). Details of each director’s
emoluments are disclosed below.

Salary Share based payment
Jonathan Tidswell-Pretorius 120k 124 k
Paul Vonk 120k 124k
Cameron Buchanan 20k 31k
Robert Shepherd 20k 31 k
Chris De Goey 20k 31k

During the year, a loan of £200,000
was advanced to Jonathan Tidswell in connection with settling certain tax obligations arising
from historical company matters, approved by the non-executive directors in accordance with
the Company's corporate governance guidelines. The loan is repayable on demand and
unsecured, although restrictions have been placed on equity or share option dealing by the
director during the tenure of the loan. The board acknowledges its obligation of ensuring its
repayment."
While he has this loan he isn't allowed to trade shares.

B2HS2L : Think it was Alan who said they were on £120,000. Which isn't bad for a " Not-for-profit " organsiastion.

That be nice E_AL if it's that.
As every share we have seen in being sold for more than 4p. so we should have so much more that the £2.2M they said.