Member Info for Seedcorn

Manwell02 it says the same on the RBD website.

A constructive dialogue today. Thanks all

Cheers Robsky. It seems you and Pinecone are both in tune on this one. All very helpful.

Thanks Pinecone. I'll have a look at II for the future. I would have expected HL to take some action but since they limit dealing to over the phone for this share perhaps that is a step too far for them.

Thanks for the feedback Robsky. I need to find out more about how and where to deal directly in shares that are listed only on the ASX. Trying to deal through the likes of Hargreaves Lansdown etc. is very expensive and inefficient as far as I can see. Need to find a decent Aussie stockbroker. Suggestions welcome.

Calidus Resources (spun out of Keras) has a placing ongoing. To take it up via the dealing service a Holder number (HIN or SRN) is required. This is supposed to be on share holding documentation but I can find nothing on the documents I hold from when we gained them when separating from Keras. Could that be because they are held in a holding account? Any ideas anyone?

I would not want to stand in front of this train! Excellent results especially in the current climate of COVID 19 and politically turmoil. Perhaps this is all working to our advantage. Glad rewards are returning to pre COVID levels. Hard work must be rewarded properly to ensure proper motivation.

Penguins thank you for that feedback. If that really was UKoG informing us of the situation re the Kimmeridge then I can only class it as burying important news that was so important to shareholders that nothing less than an rns was appropriate. The KImmeridge being sub commercial is clearly news that has major implications for the viability of the main UKOG project. AS it is UKOG has a business that is based on producing placings not hydrocarbons!

Thanks for this ART123. Not sure it is sensible to wait for action until post COVID-19! Will that time ever arrive?

CynderLad if the Kim has been defined as sub-commercial in planning applications then I am very surprised that it has not been the subject of an RNS (or has it? I am a keen follower of UKOG and think I would have spotted it). Can you point out which planning application this was stated in please? All the hype around HH has been to do with the Kim, not the Portland as far as I was aware. That was the point of all the license land grabs that SS was so keen on. It is concerning that he may have used shareholder funds to take on licenses that he will never develop if they don't have that potential. One huge lesson I have from investing in UKOG is to NEVER invest in an AIM company if the board don't have a stake too.

Totally agree with you Baits. If the intention/ purpose of the company is to make returns for shareholders then producing from the most prolific well formation first would, to me anyway, seem to be straight forward common sense! That this is not being done suggests there is a lack of confidence in the methods that would be required for such production. Are they afraid of messing up the formation? Perhaps there I should some other geological reason that is making them hesitant. Either way if there are issues we should be informed about our asset.

I think the last few words you wrote are the most important. We certainly do need some news about further plans for developing things at HH! Sure COVID has turned things upside down but a clear indication of how UKOG is managing things with a clear plan and program of activities going forward would instil a bit of confidence in the management. Their communication, or rather lack of it, has been shocking. Shareholders own the company and have a right to know it is being run effectively. That has not been apparent for months now. In the rns it was implied delays were affected by travel from the US. We were not made aware of that impact on the business until yesterday and as it is sensitive market information the shareholders had a right to know.

No real surprise with this extension. Morocco has done the same for other licences. A progress report for Wressle would have been nice. I fail to understand why no target date for first oil is not being given since it is getting so close now. Progress report for the Irish Sea assets is the elephant in the room. I do not feel inclined to let the management hide behind the political convenience of the decision making process. This is dragging on far too long.

I think you have a point. I never had a sense of them getting out to look at the issue first hand. There is only so much you can do from a map and a desk.

Good point. It is great that the company has been conserving cash even from their own salaries. The point is those salaries are there for them to create value and profit for the shareholders, so you are quite right. If they do so then they should have a realistic share of the spoils. It involves rolling up their sleeves and toiling. For years now we have had all sorts of jam tomorrow stories and nothing in return. It is high time that AIM companies were more accountable. Yes, the oil and gas sector is unpredictable but it is a bad strategy to have all your eggs in one basket. The current management seem to be addressing this to some extent but we, in my view, need a far more planned and defined approach to start making the business money earning alongside any value creation. The most important line in any company report is the bottom line, otherwise from the perspective of a shareholder, the company might as well not exist. Repeatedly raising money by issuing more and more shares with no return is not business .... it's bonkers!

Thanks for that. Yes, I realise the access route was the constraint. I always thought is was more to do with the size of vehicle versus the overhanging trees and narrow access roads. I don't recall speed being the issue. No matter, Europa had the chance to sort out the issues and failed. It does them no credit. That's life and the matter is now closed.

Great that UKOG blame EOG for the previous lack of progress at Holmwood. I agree that the EOG team were lacking but UKOG had a part in this too. Perhaps all involved at the management level need to accept responsibility. Shareholder money was spent and now subsequently it appears for no return. Rather than blaming, talk to shareholders, start producing oil, get things flowing at Horse Hill and actually make money for shareholders. The delays in gaining planning consent may be hard to change. Where planning consent has been given then it is up to UKOG to get cracking. Covid permitting of course!

UKOG rns today certainly laying the blame for lack of progress at Holmwood at the door of EOG. I think this is a clear reflection of what must have been going on behind closed doors some time ago. EOG has consistently under performed. Plenty of talk but no resolution. Can/ will the current changed management actually be effective? Wrestle may prove to be a lifeline but others did the heavy lifting with that. We need to see an outcome for the Irish Sea licences pdq otherwise I cannot see EOG having much of a future. Just my very frustrated view! Rant over! DYOR.

Great article Biggleswerf. Thanks for the link. The deafening silence about EOG company progress can be heard for miles. The Irish Sea licences were what drew me to this share originally but I think I placed too much expectation on the company making real progress. Making do with Wressle, when it comes, will be a poor substitute as no doubt nothing will reach shareholders.

Really like the boss. Old school, direct, clear and concise. A rare find.