Member Info for Thorpedo

Seadoc
Has anyone ever taken you up on your spreadsheet offer? No because nobody is interested in your calculations no matter how many times you post the results. The result does seem to change though despite only more positive news, I remember when the same calculations were saying 0.6p.

You keep calculating to your hearts content, but please dont keep sharing the answer with us, the repetition is boring.

DHC
Europa and UJO will likely have already sold the shares.

Even if they havent I am sure that the market can easily accommodate the total of 35m shares.

This really isnt the issue you keep deramping about.

Take your losses on the chin and move on.

DHC
The financing was announced when the SP was 0.85p so a placing at that stage would have been at say 0.80p. Currently the SP is considerably higher than that so any dilution under a CLN will be far less now than it would have been under a placing 2 weeks ago.

You sold at the bottom. Take the hit on the chin like a man.

Penguins

Yes, I am guessing the same as everyone else, that is why I put in fair chance and could.

I presume (another guess) that all the contracts are signed and exchanged at the solicitors just waiting for the completion. Dont know why/what they are waiting for - the Rig? (another guess) or it could be that people are on holiday.

It is the timing of the RNSs which I believe there is a fair chance will be on the same day or even on the same RNS.

The purchase and financing have already been RNS'd so I dont think the actual completion is time critical to the market so it has to be RNS'd immediately. They could have been signed yesterday/today and the rig could go in over the weekend with RNSs Monday.

Seadoc
Forensic Accounting means "the use of accounting skills to investigate fraud or embezzlement and to analyse financial information for use in legal proceedings." Google it. If admin read this then you may be permanently removed.

You are flitting from UKOG Accounts to HHDL's accounts to suit. Was it UKOG or HHDL which was spending the cash?

You state UKOG was and is still spending £1m a month (is that UKOG or HHDL) How do you know what it is spending now?

It was never spending £1m a month that is a made up figure by yourself. You are getting confused (deliberately) with spending and cash outflows. UKOG (consolidated) paid out £1.2m more in cash than it actually spent - paying off old creditors.

You were over £10m out. Your figures that you keep spouting are worth less than the fag packet you wrote them on.

Seadoc
The word Forensic in an accounting way suggests that there is fraud or embezzlement. Are you suggesting this.

Or do you actually mean you used a back of a fag packet to come out with a figure which suited your agenda but just happened to be over £10m out.

Penguins
Please follow your own advice where in the RNS does it state, as you have "probably have a restriction on the % of shares traded in a day that can be theirs." You don't know and have interpreted a quote from the RNS to suit.

Penguins
Of course the rig won't arrive until after the SPA otherwise Tellurian would have to contribute. I expect them to be announced on the same day, perhaps at the same time.

Tellurian can't sell for six months, I would have thought that someone who reads the RNSs as much as you would know that.

It is interesting to see when YA will start to sell but once the SPA is signed a set maximum conversion price will be set. There is a possibility that the SP could be higher than this on the rig arrival. If so YA will be very careful to protect the SP when selling

The Ballad of Jed Clampett

DHC
You sold out at the bottom so I dont think many will be taking your advice.

Ipadtrader
It is what i was trying to say. Thanks for the correction.

Seadoc
The term "to keep the lights on" means to stand still/do nothing. UKOG has been acquiring assets ground works, planning permissions etc. It cost about £200Kpm to keep the lights on at UKOG.

The acquisition give UKOG a 69% of HH, this also brings an additional 69% drill costs to be found. Therefore the need for the £5.5m

Buy Angus

It also saved about £2m on the purchase to us LTH. As the deal is in shares either directly or through YA the increase in SP and the great volume (Conversion price is on VWAP) the cost to UKOG will be significantly less than when the deal was announced.

Of course Tellurian will still receive their £12m.

And immediately a bad example pops up.

Sting69 and SpencerG
Good examples of people who trade and dont feel the need to trash a share on exit.

A lot of other posters on here could learn from them.

Ohmetoe
The increase in Revenue from HH Is 69% from (35/50 = 69%). It is an additional 35% of the whole HH pot.

Think it was chicken and egg, no CPR means cheap deal but expensive finance, CPR means expensive deal but cheap finance.

I wouldnt be surprised if we get a nice CPR to borrow against very shortly after the deal goes through thus enabling expensive finance to be repaid.

Argus1
Whilst there is a difference of opinion as to when any free carry ended it is widely accepted that they would have had to contribute to the upcoming drill.