Member Info for SRBS

Re- 50 million: This stock was yesterday taken out may be due to stop loss at 073p. It’s my opinion that MM’s have worked all day yesterday and today to fill this order again at 0.0732, the investor still had to cough out more than it was sold for- my opinion only based on seeing yesterday’s sell !

See the extracts from the RNS this morning- all info is there:-

Plans are now being made to run a conventional selective cased hole flow test operation. The proposed uppermost zone, from approximately 255-285 metres, corresponds to a 12-hour period of strong oil odour at surface and the recovery of light c. 38° API oil within fluids returned to surface from the same depth. The sourcing of suitable perforating guns to run in the 9? inch casing is currently underway.



A sample of the oil recovered from Pinarova (as detailed above) along with samples of the 41.7° API oil recovered from the active seismic shot-hole seep (see RNS of 11th January 2023 and 30th June 2022) and 43° API oil from the nearby East Sadak field, have now also been dispatched to the UK for detailed geochemical study.



The oil study's primary objectives are to determine; a. whether the Pinarova oil sample matches the oil from the shot-hole seep, b. whether it's derived from the same general Upper Jurassic source as E. Sadak or c. it has another origin from shallower Cretaceous origin. The geochemical results will assist the Company's current investigations into the possibility that a deeper light oil accumulation may also exist below the Pinarova area within Cretaceous limestones.



Pinarova-1, located 6 km north of the Basur-1 oil discovery, was designed to test a working hypothesis, supported by well and seismic data, that the active 41.7° API light oil seep found last summer in a seismic shot hole above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation of some 9 km² areal extent within the Hoya limestones, which lie between c. 300-645 metres

News is on its way, just need to be patient: good or bad the RNS will tell us- I am an investor not a day trader, can hang on for the next news. GLA investors

Tue, 2nd May 2023 09:20

RNS Number : 1019Y
88 Energy Limited
02 May 2023

This announcement contains inside information



88 Energy Limited

AGM Voting Status and Letter to Shareholders



88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) advises of the current status of proxy voting for its upcoming Annual General Meeting (AGM) to be held on Thursday 11 May 2023.

As at 2 May 2023, the current tally of proxy votes received is only 795 million shares, which represents less than 4% of the 88 Energy share register.

On the current proxy tally, Resolution 1 (Approval of Remuneration Report) and Resolution 2 (Re-election of Ms Joanne Kendrick as a Non-Executive Director) would both fail and Resolution 6 (Conditional Spill Motion) would succeed. The consequences if Resolution 1 fails and Resolution 6 succeeds is that the Company will be required to call a Spill Meeting within 90 days with all Non-Executive Directors vacating their positions on the 88 Energy Board and, if they choose to stand again, will be considered for re-election at that Spill Meeting. The position of the Managing Director will not be directly impacted by any Spill Meeting.

The existing 88 Energy Board comprises four members, with three having only been appointed since Q2 2021 (including the Managing Director). Over the past two years, the new Board has moved to reset the business and embark upon a markedly different strategy to that under the previous 88 Energy team. This has delivered significant positive change in the underlying fundamentals of 88 Energy including the capital allocation framework. For further information please refer to the Letter to Shareholders below.

The conduct of a Spill Meeting, particularly if it results in a significant change to the Board, has the potential to be highly disruptive and impact on 88 Energy's ability to execute its targeted medium-term work programs, including the flow testing of Hickory-1. There is no guarantee that planned and communicated work programs would be executed under a newly comprised Board. Existing networks and relationships with key stakeholders are also likely to be diminished as a result.

The Board believes that 88 Energy is poised for significant potential success over the next 12 months. To not exercise your right to vote as a shareholder leaves the direction of the Company in the hands of a relatively small group of shareholders, which may not be representative of the underlying majority view of all shareholders.

The Board urges all shareholders to exercise their rights as a shareholder and vote on the resolutions of the AGM. It is the strong recommendation of the Board that shareholders vote FOR Resolutions 1 to 5, and AGAINST Resolution 6.

Shareholders can access all relevant information and vote online at www.investorvote.com.au using the 6-digit control number 182503 and provide your SRN/HIN and postcode or country of residence to log in.

If you req

Good to see that MM’s are getting short of shares at0.077, so what next: going up or down to manage this situation!

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That’s not the live price, actually the ask is - 077p and bid at 074 at the moment- live prices.

Someone is very confident or know something to have bought 32 million + shares!

I have read this part of the RNS over and over again, surely SS can’t mislead the market and investors again! So I am still holding, might have to wait until the next step is sorted in HH, glad that I took 50% profit and put it in Barclays
Still living in hope!

Consequently, in order to evaluate the oil shows more fully, after the primary target has been drilled and 550 metre total depth reached, it is planned to run electric logs to identify oil pay, followed by cemented 7" casing. This configuration will then enable definitive conventional selective cased hole tests to be performed, where any discrete identified oil zones can be perforated and isolated from any water bearing intervals.



Pinarova-1, located 6 km north of the Basur-1 oil discovery, is designed to test a working hypothesis, supported by well and seismic data, that the active 41.7° API light oil seep found last summer in a seismic shot hole above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation of some 9 km² areal extent within the Hoya limestones, which lie between c. 300-645 metres below surface.



UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.

Definitely will climb.
ZYX098: I thought that you have taken your 19% profit from day trading UKOG and are out now, so why de- ramp the stock that’s given you a 19 % profit: no ISA or bank can provide this kind of profit.
Paulio- welcome to UKOG and thanks for passing down your knowledge and sharing your expertise. It makes a great difference on this board. I’m still Holding and waiting for MM’s game to end by this evening, still in profit. GLA all investors.

Turkey: Pinarova-1 well update
Wed, 1st Mar 2023 07:00

RNS Number : 3988R
UK Oil & Gas PLC
01 March 2023

UK Oil & Gas PLC

("UKOG" or the "Company")



Turkey: Pinarova-1 well update



Highlights:



· Drilling rig secured for new Pinarova-1 shallow oil exploration well (UKOG 50% interest), designed to test shallow Eocene Hoya light oil prospect, of some 9 km² areal extent, 300-645m below surface. Pinarova lies beneath an active light oil seep found last summer in a seismic shot hole, 6 km north of the Company's Basur-1 oil discovery.



· Site construction now expected to start in 7-10 days with an estimated duration of around 14-21 days, given good weather.



· Drilling to a total depth of around 500-550m to directly follow site completion, currently expected around end March to early April 2023. Dependent on outcomes, expected drilling campaign duration up to 28 days.



· The Company is fully funded to cover its share of the expected $0.4 million gross dry hole and $0.63 gross success case (tested and completed as an oil producer) costs.

I have got one and it’s full to the brim + a trading accident, where we can only have £6000 profit tax free now.
Thanks for the advice though:-))

I’m Holding tight. If it goes to 1 p will end up paying a lot of tax. HMRC is going to be very rich if all UKOG investors hold on till it goes to 1 p - wow>>>>>>>
Wishful thinking and GLA holders/ Investors.

I’m just in , profit from UKOG has gone in PPP, still holding a lot in UKOG as well, looking forward to both doing well!

One MM sitting on .21p:-))

Nova
I did mention UKOG at the 88e message board when the price was below 0.06, I sold all my 88e holdings at 20- 30% loss and put everything here and it paid off. I have re- coupled all my losses from 88e , now sitting here on 50 free float and hoping for a further gain next week. GL and hope UKOG works for you:-)))

NT only , no price available, even for 500k
Re- M- cap , I wouldn’t worry about it , when the sp was 11 p , one couldn’t buy 1000000 shares for 0.006- 0.01 and wouldn’t be able to have a loot if the sp doubled up. Do your maths, it’s the number of shares multiplied x % rise and pi’s have been buying these little babies in millions.

Wow- I didn’t expect it to move this fast . I’m sitting on a 50% free flat and have also taken 5 k out, bless the de- tampers for making the price doesn’t go up fast. I wonder who’s crying now. Thank you UKOG for a third time holiday money. Happy Eid to all who are celebrating it and thank you Turkey, I will book my holidays soon:-))

Tick up coming soon, only one MM left at 0.89, unless they play the usual game.

Is it going to be the return of 2017 price of 11 p, looking forward to Monday. Don’t forget to take some profits for the rainy day. I’m already in £ 5000 k profit:-))