Member Info for TheWetBandits

Hi All, hope everything going ok with all major shareholders ;)? While I've been getting bored waiting for GOI approval, I bought the steaming turd that is UKOG on the basis that it is arguably oversold due to uncertainty at 0.15. They are doing a drill in turkey atm (with complications) but could be a catalyst via an RNS soon. Still holding here but would be nice to have news this side of Christmas.

Wishing everyone well, Bandit

haha enjoyable read cynderlad. 10 is a flat out no. Rumour has it SS does not leave a shortbread, sherry and carrot by the fireplace so Santa isn't going to visit that scrooge.

I appreciate lots of people want to "hold to account" SS and the BOD but I personally believe the most important topic for discussion right now is Turkey - I mean they are out there, have recently drilled and it is without doubt no 1 on their agenda and it should be on ours really in terms of an imminent RNS.

My question would be - why would one anticipate the seismic data will come back as a fail? My understanding is they are doing this to mitigate risk so they can put the sidetrack drill in the right place? I would be interested in peoples thoughts on this and how long they expect for these results to come (any industry knowledge would be particularly welcome). GLA.

I'm sorry but a lot of the above is just pathetic bickering over not an awful lot really, which isn't going to change anything. Some need to get a reality check bringing up topics which are not relevant. Regarding UK sites, unless they get a break through in legislation or a permit granted, or some kind of investment out of Timbuktu - we are not going to see a major catalyst here. Any revenue increases from production improvements is welcome, granted. However, after a record of largely failed delivery in the UK, any news that pops up on those assets will be a bonus and unexpected. And the stuff about the accounts? Get real will you - It's like they are analysing a FTSE 100 company that has resource at their disposal and proper structure / governance in place. This is a highly speculative AIM stock and a company that many refer to on here (on a daily basis) as run by a charlatan- so why on earth you would be expecting a robust chart of accounts that are filled timely is beyond me. That said, they *might* have got lucky with Turkey deal and it could temporarily provide some welcome relief. And make no mistake, positive news in turkey out of the blue after uncertainty for several weeks following the previous disappointing update would be a significant catalyst and is worth a punt at 0.15p. Also, they have 50% support on this from a local partner that know the territory so they are not going it alone. That gives something to hold onto. The costs for the seismic data and sidetrack are covered so we might, just might, get a drill and target depth a la Bruce Willis in Armageddon that tests oil and there is your catalyst via RNS confirmation. Again worth a go IMO. GLA.

Damn right SRBS - that strategy is just paper hands. Surely got to be looking at 0.20 + after an RNS instead of trying to penny flip in the mid teens. It's one hell of a grind trying to make money that way. GLA

Agree on that regarding sentiment, Ocelot. I've been away from this for a while as been busy with other things but I feel now is the time to dip back in. yes a severe lack of delivery in the past but can someone tell me (apart from a project / drill failure) what the downside is here? Entry point seems over done and they have released as per their last RNS that a seismic evaluation needs to be done to derisk before drilling again. Funds available to cover this. So over the coming weeks / months we should expect seismic data giving green light and another drill + results? Correct? Interested in peoples thoughts. GLA.

This is going down like one of Gordon's single malts.

Great upside from here before news. GLA.

There's a lot of childish bickering going on here. Should be a bit more love in the world.
At the end of the day, anything under 300 is a great entry price - most analysts are saying that 10% from current price (270p) is a *conservative* estimate. The same analysts are saying that it will crush 400p and go on from there. So with respect, I don't think the people holding at 350 and above have much to worry about. This is another example of short term noise that the market throws up.

Atb.

No doubt this has been a great year despite the pandemic. Net debt of 16 million now, reduced by 50%. I think that is amazing considering the circumstances. Surprised the stock is down so far today. They have also silenced the buffoon's putting 2 and 2 together and getting 5 regarding their finances.

Let's be real - nothing going to happen until GOI approval and commencement of activities in Cambay and any other potential assets that Roland wants to add. I'd be interested to hear if anyone can shed light on realistic timescales for this. When we see some delivery on the above, the SP will finally get the traction we are looking for but until then just got to sit tight / add if you can if it gets oversold. In the meantime, just the usual trading going on with the odd minor pumping and dumping if it drops too low. Gla.

We are now approaching the buy zone. Keep hands and feet inside the vehicle at all times.

Best Regards.

All the best Steven, shares can be very unforgiving. Hope you have a blinder on this.

I also have a substantial position in Renold PLC - RNO - they are well worth a look. The SP recovered considerably since COVID lows and their business has serious engagement in line with a reorganisation. I can see it pushing on and on going into 2022 - they products have an excellent reputation worldwide and they turn a profit. I can see them being a candidate for acquisition in future. DOYR and ATB.

Good news getting through the tranches. Just waiting for Richard Jones to come on here saying 1p by 3pm!!

All you people bloody moaning. What has actually changed? If the GOI approval had come with Cambay sale finalisation like London buses - would the SP have gone any higher? I mean really? Would it *******s. It was already priced in - perhaps 1 or 2% more. We would then still have had to wait for field activities, drilling of wells and potential JV partner for this thing to make any substantial rise - and that will still be the case. It is the commercialisation of the gas that or the drilling with pending results of this where we are going to see that big rise and that is what stock like these are - speculative, you just got to hope that you have backed the right horse and I believe this one will ultimately pay us, just not today. The SP today is a reflection of patience - plain and simple. The usual suspects will enter back in once the GOI approval is announced, spout a load of crap for 5 mins, then sod off once they realise they have to wait another short while before field activities start. THAT is when we are going to see real movement and that in my opinion is absolutely worth waiting for. But in the meantime, lets stop the BS and bickering over irrelevant details that are not going to change the outcome. P.s Jasper thanks for the info, very welcomed. Roland sounds like he has the experience for sure, but we need someone to drive through these two projects in order to provide meaningful ROI.

Well if it isn't Mr Doomsday himself. Well googled for his net worth Zag, I imagine that's highly accurate. His career following Happy Gilmore did go downhill, with some pretty dross films, however recently has had a redemption worthy of Scrooge - just like Oilex really - down in the doldrums for years then bang. Do you see the pattern there. Look forward to another bitter, glass half empty

I mean the question you got to ask yourself is, at what point do I add more. x4 at between 0.15 & 0.20 doesn't even reach 0.80!! :S. I will pick a point to add a significant holding soon and just sit tight.

This is going down like Adam Sandler's acting career

Best Wishes, Jasper. Hope you make a wad on this.

If it goes below 0.20 I am putting my wife's ISA allowance in this too mate.

Unless you need the funds, nothing has changed. OEX is still a great opportunity. Impatient people will drop out and try buy back in cheaper and move on to the next AIM fad. Then it will bounce and you will get the usual noddy's like RichardJones commenting after GOI approval "ooo its going to 5p this week". It's funny - you don't hear from those fickle individuals on quieter days do you. What a world we live in. Good luck if you are a real investor and have got these discounted prices.

Just to add - don't think "potential delay" for GOI approval is accurate. Delayed, yes - we just don't know the duration weeks, or months. Hopefully Uncle Roland can produce magic.