Member Info for Seedcorn

I feel the rns of today is a key step in the SOU journey. The step for me that is very significant, will be the signing of a Gas Sales Agreement (GSA). I of course want to see significant and positive results from the drill bit, however the leverage in the LE discussion will be greatly aided by willing large volume purchasers for our gas, and at a good price. The drilling outcomes will underpin the whole deal and I guess determine the size of the prospective parties involved in making the LE deal. Incidentally, can I wish all of you who are taking the trip to Morocco well for the journey. I really would have liked to have joined you but it was not to be this time. The chance to be out in the desert is a great experience and at this time of year should be very pleasant. Good luck and safe return.

Hi Brocal53. I too listened to the DL interview. He has a point. Not long ago I sent an email to UKOG (SS) asking him what sort of defenses were in place to prevent a hostile takeover. As yet no answer (perhaps I didn't really expect one!) but I feel that it is rather essential that UKOG does align with some institutional investors. Not only will that give increased validity to what the company is doing but it will also shore up our defenses. Since we have now transitioned to a production company perhaps (when potential production and resources are proven up as a result of the ongoing extended well testing) this will provide a platform for SS to kick off some sort of visible roadshow to gain institutional support and some corner stone investors. It may also help us get investment funding from banks etc rather than further dilution by placings. I think we already had enough of those for now. As a private investor I would like to see this share gain a bit more gravitas. Not least, as you mention, government weight is needed behind project Weald generally. A bit of dynamic thinking and appropriate changes to de-bottleneck the democratic process of planning consents etc. would make sense too. I wonder if you or others agree or have other suggestions. Regards, Seedcorn.

I agree the tweet was far from helpful.

I am quite sure that Echo are busy working hard and honestly but if the rns of today was intended to inform then it was way off from my (unreasonable?) expectations and felt vague. It is good to know that the pulling jobs and well interventions have now been completed. I was going to write (and did but deleted it!) a lot more as the recent tweet suggested (in my view) we could expect more information by this time. I am perplexed but remain hopeful!

Thank you addicknt, I shall look into that.

You make a good point about the existing DERR shareholders rearranging their holdings from DERR into S4. I was doing a bit of research into Solent Capital Partners yesterday following the TR1.

I am also wondering if it is possible to identify some of the potential targets that S4 may be aiming for once the RTO is completed. Years ago, early 1990's If memory serves me right, I held shares in a company that WPP bought out. I've been racking my brains trying to remember the name of the company which I had bought as a penny share. Was it Millward Brown? Something like that. The company was monitoring audience reaction etc. to advertising. I do remember doing well out of the deal receiving a second payout for a performance bonus that doubled the buy out price. There may be some mileage in identifying such new targets so I would expect some chatter about that over coming weeks. I cannot see Sir Martin letting momentum slip. Does anyone have any thoughts? Regards, Seedcorn.

Thank you for the link, certainly an interesting watch. I attended the event in Newcastle. The presentation Julian gave then was a very clear and logical explanation of his understanding and expectations for the exploration activities. That was before the outcome of all the drilling was completed. To see his enthusiasm now is confirmation to me the team is walking the talk and delivering. The latter of course awaits proof from the evaluation of the well tests and I eagerly anticipate what the rns information will tell us all. I was impressed too by the way Fiona and Julian are approaching the development of the Echo projects. DYOR as always. Best wishes, Seedcorn.

I just watched it, twice! It gives a bit of an explanation to what is going on and the presence of associated gas is a real bonus in assisting the well to flow in my view. This sort of interview is helpful, again in my view, and certainly acts as a reminder that the Portland is ultimately not the main target. I hope DL will continue with his commentary because any support, albeit in the form of 'banging the drum', that helps the progress through all the planning and other regulatory hurdles the Weald companies face can only be a good thing. Looking forward to the next news with interest (a vested interest at that). DYOR

8% up, anyone have a clue what is driving this? Regards, Seedcorn

Newboy, you make a good point! I was expressing a point of view. My view. I started off by saying we don�t know what the money raised will be used for as yet. Basically, in my opinion, the directors must be the ones to decide what is in the best interests of the company. If I didn�t trust them to do so then I would not invest here. If money is required then I would sooner they did so in a timely way rather than hit a brick wall. One of the reasons I invested in UKOG is due my understanding and knowledge of the oil and gas industry gained over a long period of time. It is one that keeps on giving in terms of learning and I am very willing to keep on doing so. It is an industry that is very cash consuming and in the right conditions very lucrative. It is also an industry that needs to take a long term view to go from exploration to production. In the regulatory environment of the U.K. and with a watching public UKOG has to be one or more steps ahead and that can be very challenging. I wish SS success and support him and his team. Regards, Seedcorn.

Thank you for your reply Ibug. I appreciate the information. I hope the UKOG/ HH operational progress isn't holding off until the court process is completed, Regards, Seedcorn.

Just wondered when the next hearing concerning the injunction is taking place. Is it this month? Regards, Seedcorn

Just wondered when the next hearing concerning the injunction is taking place. Is it this month? Regards, Seedcorn

I came across this share by chance last night. My first impression is that it seems to be rather unique. A very small cap yet it pays a dividend and has cash in the bank. I intend to do a bit more research and my gut feeling is this may be worth a punt for the long term. I would be interested to hear what others may think? Regards, Seedcorn. DYOR as always.

Still half asleep but if I read it correctly on weekly hub.com, THR closed 20.8% up overnight on ASX. Can anyone confirm please while I a get another strong coffee. Thank you in advance. Seedcorn. DYOR

Hi Gaias Kidney, you made a great post. I really appreciate your comments and all the information. The potential for an upward trend of this share is almost tangible. I am invested and I feel I made my investment at a good time. Best wishes and many thanks, Seedcorn.

Spread has been as high as 30% at one point this morning!

Sentiment can go a long way but I think the pending resource update is possibly providing a bit of upward momentum. Yesterdays rns must be a very good indication of the expectation that Metal Tiger has for the share direction. I need to get a better feel for the potential of the business. DYOR.

Hi Superlucky79. Sorry to hear you felt it necessary to sell out of Leg. You may remember my posting a few weeks back where I expressed my concern and frustration about the lack of communication from the CEO. I had the intention of selling out too and I did so at quite a loss. The loss was/ is advantageous but only in the sense of being able to offset against other non ISA gains. It is never my intent to take a loss if I feel it is avoidable but in this case it was not. I had intended to buy Leg again within my ISA but decided not too after giving the matter considerable thought. I wish other LTH well and I hope they get the results they wish for. What I gained here was experience... but at a price. Regards, Seedcorn.

Many thanks to everyone for the input. I live in the North East so I am sure there will be a bit of a buzz if any significant finds are reported. I will keep my ear to the sea bed ..... or the ground at least. Regards, Seedcorn