Member Info for Thorpedo

I hope all the other councillors take heed of this bloke

Vote majority? or other.

Duke
From memory 10p to 12p down to 8p and back up to 12p.

Barn
He is just as bad when he is in

Great more assets

The Maximum purchase price for YA is set at 1.66p, do they sit tight hoping for a significant uplift knowing that they will always be able to make 10-15% in the future or do they sell in todays volume making 10%+.

It looks like they have already sold 10% of their £3m (quarterly maximum) yesterday.

I think a bit of both, sell some in the volume but not enough to kill any rise.

Crocqman
Yes it will, this evening or tomorrow morning for the SPA, tomorrow or day after for conversion.

Tellurian arent allowed to forward sell, more likely SPA was done today and they converted £300K today.

I would have thought that the Tellurian deal would have gone through today, RNS at 5pm:) so that there isnt a price increase on planning approval.

It will also allow for Rig to be delivered anytime from this evening.

All looking very good.

+ ves

- CEO with over 20 oil finds to his name + Geologist by trade.
- Commercial Oil flowing off 1 Vertical Well at Horse Hill that encompasses 3 Reservoirs.
- Strategic Plan going forward for a 9 / 10 well drilling campaign + acquire other assets
- The next 2 Wells - HH2 and HH1z are for Horizontal wells with each anticipated x 2 to x 3 stable flow rates of 330 barrels PER WELL. New blue chunky kit arrived on site 11/4. "Even More Confident" statement.
- 12/4 Statement. Preparations for the planned drilling start of HH-1z and HH-2 in the second quarter of 2019 are nearing finalisation. "Still on track"
- Both these wells have all necessary plannings and permission in place.
- Fully funded till end 2019 apparently + £3.5M "Step Change" monies
- Test Production Revenues onto the Balance Sheet for 186 tankers x 220 barrel whilst testing. After a pressure test shut in Pumping recommenced at at the weeknd.
- Planning Application in with Surrey County Council for a further 4 wells plus all 6 into full time production.
- Each well should repay itself in 3 months.
-The intention is to keep test production oil virtually flowing non-stop for profit till transition to a full 24/7 production licence
Other Drills x 3. (Make that potentially 4)
- Godley Bridge has Large Gas but also has the Kimmeridge oil reservoir underneath it.
- Arreton - Isle of Wight. It looks to have x4 the size of the Portland oil reservoir at Horse Hill.
- One well somewhere in the middle?
- Dunsfold Hydrocarbon project
- They also have a revisit to Broadford Bridge for a sidetrack - 100% owned.
- The Game Plan was also to increase the number of actual sites with multiple wells in 2 ha sites with 4-8 sites per 100 km² (Presentation)
- Now over 50% of Horse Hill licence and the majority stake and controlling interest in all main licences.
- Looking for other opportunities - UK onshore or Elsewhere now.
- Good Community Engagement: Resident visits, Public consultations. 6% profit to be shared with the local community. New 2 storey viewing platform Executive / Royal Box).
- Good relations with the Council and planners

- Lowly share price

- ves

- The number of shares in issue. Matter raised by shareholders at the AGM.

On balance the positives are well out in front.

Tick tock

Imo

DHC

Again you are posting what you know what isnt true the spread is under 2%.

Europa, UJO took shares instead of cash because UKOG didnt have the cash. They will have sold them to turn them in to cash. Just because they got them at one price doesnt mean that they wouldnt have sold them at a lower price. You should know this as it appears you do it quite often.

Nowhere does it state that conversions start shortly before any drillings take place - THIS IS AN ABSOLUTE LIE.

You are bitter that you sold at a loss, take it on the chin, man up and move on.

DHC

You know that the reported spread isnt the actual spread which is in fact very much smaller so why post what you know isnt true??

Europa, UJO and definitely Doriemus will have sold there shares. Understand the commerciality of the initial transactions.

SS doesnt state that the CLN would be converted before the Drill would start which you are inferring. He said the Drill would start very shortly after the SPA, both could be this evening after close.

We are in the 5th month after April not the sixth.

You are not pointing out the downside of this share. YOU HAVE LOST MONEY HERE AND ARE BITTER, TAKE YOUR LOSSES ON THE CHIN, MAN UP AND MOVE ON.

Wow so you have over £50,000 Cash in a trading account, that is a lot of money for a spreadbetting shorter. Especially one who only seems to post on UKOG.

Which broker are you using as that is additional info I dont get from mine. I either get the buy if I am buying or the sell price if I am selling.

Seadoc
Which broker are you using which allows you to do a dummy sell of 1 share never mind 1m?

Similarly do you have over £20k in a dealing account so that you can do a dummy buy or does your broker allow you to do that as well, without the funds to accept.

Seadoc
Is that to buy or sell?

DHC
It depends on your definition of "Shortly After" is yours obviously suits your deramping agenda.

I agree that the SPA has to be completed prior to the Rig being delivered but they can happen almost simultaneously. I personally believe that the SPA RNS will be after close of play on Friday with the Rig delivered over the weekend.

Just changing the thread title as it is a well known tactic of people like DHC to put a negative subject in the hope that it carries throughout the day.

The skin in the game argument has been done to death and most including DHC in the past agreed that SS does have skin in the game by virtue of his options instead of cash salary.

Seadoc
98% of IGs bets are long according to their website so I dont see why they would restrict any down bet.

Seadoc
The number of shares has gone up but not by 2.5 times which you would need to get to for your original 1p. Ukog share of HH has also doubled. So something must be wrong with your calculations unless you are thinking of a number you want and working backwards.

How is Kimmeridge factored in or IOW or are you valuing UKOG on cashflow from HH Portland multiplied by a multiple if so that is a very very strange method of calculation.