Member Info for Skwizz

"PS: just noticed that lse's closing price is wrong: it was 0.25p, not 0.2425p."

Depends where you look.
Investing & Google both have it closing at 0.25p.
H-L has 0.22p (think that was probably the previous day's close though).

LSE shows the Ask, Sell and the SP.
In this case the SP was 0.245.
The others only show the Asking Price, which isn't the same as the "Share Price".
:)

I'd forgotten what the terms were so I just looked up the original announcement.

"To earn its 50% interest in the Licence, the Company has agreed to fund 100% of the first of 5 commitment wells in the Licence's 5-year exploration term, together with a small 2D seismic survey with an expected cost of $1-$1.5 million. UKOG's net expenditure for the one well plus seismic programme is capped at USD$5 million maximum expenditure. Thereafter, the Company will fund its 50% interest share expected to be c. $1.5 million per well.

The exploration phase expires in June 2023 but can either be extended for a further 2-years, or in the success case converted directly into a 20-year production lease. The Licence's 5 well commitment to the Turkish government has a gross monetary equivalent of $7.66 million (UKOG $3.83 million), however UKOG understands that should any of the commitment wells not be drilled, a modest penalty of c. $30-50,000 is payable to the government."

Aww ratz!

;)

£5M (capped) initial put-up.
50% share of costs with AME thereafter.

Did I win...?

:D

==============
Mirasol
Posted in: UKOG
Posts: 3,956
Price: 0.223
No Opinion
RE: red
30 Apr 2021 08:59
We have to post this every month tho' the "ignorance" of the red/blue seems to 99% people claiming that there are mis-recorded buys never mis-recorded sells - odd that - I wonder why?
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No system publishes accurate Buy/Sell information. This site rates it as a sell (red) if your TRADE Price is lower than the mid price in the published range - if your TRADE price is above the mid point of the quoted range it's rated as a BUY (Blue)

"It's really useless - why they persist with it is beyond everyone................ and before you ask there is no way you can actually tell the difference - you'd need access to the order books of every trader all the time and that isn't possible for anyone - not even the Stock Exchange"
=================
There ya go (not just AIM either).

Something I didn't expect from retirement, I hate bank holidays!
Don't get paid for 'em.
Everyone else is off work.
Markets are closed, so no trading.
*sigh.

"I'm sure"

LOL!
Nothing like strong fact-based evidence.

donotpanic.

Difference between your posts and mine:-
You're specifically trying to encourage people to buy.
I'm not suggesting anyone buy.., or sell.
Just question why anyone would.

*Deja

-6.03%.
That is most definitely RED.

Not de-ramping, BD.
Just pointing out that this figure continually being touted as reason that UKOG won't have to raise more capital is incorrect.
While doubtful on SS's abilities here, I see opportunities to make money, which is why I'm watching and waiting.
But there is 'fluff' on these forums which isn't helpful to any of us.
Just voiced wishful thinking from amateurs in many cases.
Saboteurs in others.
:)

"we can only sell if the demand is there"

*We can only sell if we have something to sell.

I don't disagree because Sanderson would never release a bad RNS.
Just wondering how you're so 'in-the-know' when nobody else is?
Does this information constitute "insider trading"?
Or just wishful thinking?
In which case it's just more baseless ramping.

Please explain why you have formed that opinion.

UKOG had to pay £5m to buy in.
Then they have to pay 50% operating costs, shared with AME thereafter.
It's not a finite amount and whether or not it stops at the amount already raised depends solely on their success before that cash runs out.
If they're not profiting immediately and in sufficient amounts to continue without more funding, they will have to raise more cash just to continue prospecting at their 50% share.

....by #1 Bunny Hugger, "Ruth Hayhurst".

(Not that it's untrue, I don't know, just noting it's by Her again and we all know her not-very-secret-but-hugely-deluded-agenda by now)

Many people (myself included) have been brought up not to invest by buying/selling quickly.
The reason I started posting about my efforts was because I wasn't expecting it to be as succesful and thought others might appreciate that knowledge.
I only tried it as an experiment and was very lucky.
Nevertheless, it did work.
Although I haven't been able to continue to it as much over the last couple of years (roughly as soon as I started posting about it, lol), I have still done it and still made a profit from it again.
It hasn't all gone well.
But, overall, it's gone far better than my peers lead to believe it might, and not just here.
:)

*buy

;)

Me too.
:)