Member Info for Skwizz

Once again, irrelevant to UKOG.
Price of oil only helps when you're selling it.

*narrative* (even)

Seadoc,
I do indeed remember.
To my cost.
I was still more optimistic about things back then.
But still grateful for your posts and the personal assistance you rendered to me when I first arrived on this forum.
:)

j4u
I agree.
Maybe you could elucidate for me?
And I can do the same for you in return:-

"corrupting"
"narartive"
"intent"
"mislead"

Think you missed it by two days, m8.
That was on Saturday when we beat City to reach the final.
:)

While others predicted 0.40p and 0.5p at the open.
Guess what... they're already out, and with your money.

*I'll stick with my own counsel (even)

Thx J4U
In four and a half years I've made over 10,000% return from trading UKOG.
Last two weeks saw 200%.
I'll stick with what my own counsel, if it's all the same to you.
:)

that, behind the argument in both camps, a lot of real people will have already lost real money this morning over it.
The rampers are probably responsible.
But they won't care and are already making even more daft things on a drop they didn't expect, to try and save their own losses.
Could the Realists have done any more to try and help?

I wish you luck with your growing investment, Bcarm.
:)

I'm both normal and a loonie.
I hope I can help.
To summarise my take on it:-

There's no cash and poor results from UK assets.*
Continued willingness to raise cash by diluting shareholders investments, further reducing share price.
There may be potential left from recently acquired assets in Turkey, if you believe the CEO still has any credibility left.

*This RNS is based upon figures from Sept 2020 and it's possible things might have changed since then, but I doubt it (others will disagree).

I think the timing of the release tells you all you need to know about what the board thinks of it.

There ya go.
You asked, I responded.
My opinion.
I don't think I'm one of the loonies but again others will disagree.
I am at least familiar with a balance sheet.
:)

Bit unkind, challenging an unarmed person to a battle of wits.

https://oilprice.com/Energy/Energy-General/Oil-And-Gas-Bankruptcies-Jump-Despite-Rise-In-Crude-Prices.html

The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading sharply higher on Wednesday after the U.S. government reported a third-weekly drop in weekly inventories while the International Energy Agency (IEA) issued a bullish oil report for 2021. After declining 8.7 mb/d last year, the IEA now expects world oil demand to expand by 5.7 mb/d in 2021 to 96.7 mb/d.

For many U.S. shale producers, however, there's still little to cheer about, with record numbers filing for Chapter 11 bankruptcy protection.

According to Energy and restructuring law firm Haynes and Boone, bankruptcies by North American oil producers climbed to the highest first-quarter level since 2016 as energy firms continue to struggle to recover from the carnage of the oil price crash in 2020.

Haynes and Boone has reported there were eight bankruptcies by North American oil and gas producers in Q1 2021, the second-highest figure for a first-quarter ever since 17 were reported for Q1 2016, the last time U.S. crude futures dipped under $30 a barrel over the past decade.

Crude prices have bounced back from year-ago lows, with WTI trading around $63 a barrel on Friday while Brent is changing hands at $67 a barrel.

Small firms in trouble

The big difference this time around is that smaller producers appear to be the main victims, with just $1.8 billion in aggregate debt for the quarter, the second-lowest Q1 total after $1.6 billion in Q1 2019.

For some perspective, consider that last year, U.S. energy companies that filed for bankruptcy held $53 billion in aggregate debt, the second-highest total since 2016 when debt totaled $56.8 billion.

Agree Sage.
Good luck.
:)

OofyProsser

You mentioned in another post you were new to this, so I hope you don't mind me mentioning;

UKOG always had the option to use water-injection.
This should not be confused with 'fracking'.
Fracking is very high-pressure system to force out product above its' natural recovery pressure.
That's unrelated to the injection technique UKOG would be considering.
:)

Still registered on my screen.
Been observing lots of his content being removed though, his and others.
:)

"You've been saying placing coming tomorrow for weeks. And there isn't one."
As opposed to all the come-and-go, pump-and-dump, Rampers saying this would be 10p for the last three and a half years.

"dodgier than dodgy Dave Cameron playing baseball for the Dodgers in Dodge city"

LOL!
Loving that.
;)

Happy Birthday, young'n.

It's all downhill from.., well.., twenty years ago.
;)

You should be pleased about that.
It's in your favour.
It just says they're willing, not that they're going to.
Kind of an egg on face moment (for anyone else).

What he said was,

"I acknowledge the concerns of private investors about 'dilution' of shares in the Company. However, it is our view that until such time as the Company has sufficient positive cash flow and or significant proven and probable reserves upon which to secure debt funding, raising funds from equity remains the most sensible and realistic way to fund projects for forward growth."