Member Info for Vernony

His handle was 'hot traider'
we also had an Ian something too who did much about the same

Oh your information. I think, and looking at the wording it rings a bell . He reappears under different titles once he is twigged as being the same person. First came across him when he was 'stocktrader' . He comes into the oilies and perhaps elsewhere claiming to have inside knowledge, which is always adverse to the SP

Well I have never heard of the hordes of people who are apparently in the know. However, from people that do I understand that 35,000 barrels have been recovered already and the company intends to install more in the future. That is about 1,820,000 dollars at 52 to the barrel but, of course UKOG only get the larger slice of that Not bad at all and with more to be spudded in this year ! don't think that Schlumberger deliberately misled UKOG, your information from that engineer could be worth a fortune if you care to sell it to UKOG :)) Also companies such as Schlumberger only interpret the likelihood as they also put the disclaimer that it can be right but sometimes they are wrong. Indeed they are very often wrong ! I remember Broadford Bridge and not log ago Falklands Oil and Gas drilling down for the lake of oil in the South Falklands, all based upon such companies predictions. One must remember that Schlumberger can only predict, they don't know for sure until somebody drills down into it

Well I have never heard of the hordes of people who are apparently in the know. However, from people that do I understand that 35,000 barrels have been recovered already and the company intends to install more in the future. That is about 1,820,000 dollars at 52 to the barrel but, of course UKOG only get the larger slice of that Not bad at all and with more to be spudded in this year ! don't think that Schlumberger deliberately misled UKOG, your information from that engineer could be worth a fortune if you care to sell it to UKOG :)) Also companies such as Schlumberger only interpret the likelihood as they also put the disclaimer that it can be right but sometimes they are wrong. Indeed they are very often wrong ! I remember Broadford Bridge and not log ago Falklands Oil and Gas drilling down for the lake of oil in the South Falklands, all based upon such companies predictions. One must remember that Schlumberger can only predict, they don't know for sure until somebody drills down into it

Well I have never heard of the hordes of people who are apparently in the know. However, from people that do I understand that 35,000 barrels have been recovered already and the company intends to install more in the future. That is about 1,820,000 dollars at 52 to the barrel but, of course UKOG only get the larger slice of that Not bad at all and with more to be spudded in this year ! don't think that Schlumberger deliberately misled UKOG, your information from that engineer could be worth a fortune if you care to sell it to UKOG :)) Also companies such as Schlumberger only interpret the likelihood as they also put the disclaimer that it can be right but sometimes they are wrong. Indeed they are very often wrong ! I remember Broadford Bridge and not log ago Falklands Oil and Gas drilling down for the lake of oil in the South Falklands, all based upon such companies predictions. One must remember that Schlumberger can only predict, they don't know for sure until somebody drills down into it

We don't need all these maths. Ever since UKOG started bringing up oil from the Portland and then on to the KLs they have been transporting oil. They way they have set it up they will continue all through this year to tanker oil only that may increase in quantity as more wells are spudded in and a horizontal line comes on tap. It doesn't need maths, oil money is now coming back faster than they are spending it and is likely to continue until the wells run dry 10 to 20 years on. They are issuing shares but shares cost them nothing, the cost is borne by you and I. In all probability they are building up capital to seek a listing at some point The shares they are issuing are tconfetti and they will mop those up by having a consolidation, sooner rather than later, if the shares stabilise

So much hypocrisy in the conservation groups . Running around in leather shoes , as you say arriving by car, using a computer and nylon clothing and plastic wrapped sandwiches and burning gas field cookers to heat their meals onsite. Not to mention flights to Spain for the annual holidays and plastic bottled drinking water, batteries for their torches and when they get home bang on go the electric lights and the gas central heating comes on. It seems to be a case of 'them others are polluting the planet' !

I don't know about the figures because HH only have a 70% ? cut of the share, but certainly, I believe, that UKOG are currently running a cash surplus on operations. I suppose that they continue to borrow though share issues because it is free money. In effect they don't care how many shares there are because they can consolidate at later date and cut the actual shares on issue to around 1 billion

As Brexit looms and if it is hard exit, then the unsure will sell their shares and this may plummet. If you can weather the storm then this will probably be a good share to pick up as it goes down, because when things settle down dit is bound to rise again. If there is an agreement over Brexit, then this share will probably soar as the unsure and uncertainty their way back in

It is a part of share dealing, but you have to have some clout too short. Joe blogs with 10,000 shares is unlikely be able to short nor would anybody take much notice to him if he announced the company was going to the dogs, or even told us that the tankers coming out of HH were full of water. To short you have to have power or influence in the marke. Nobody gives a hoot for what we say in here !t

They are not buying up hopes, I should have said

It is the recent acquisition that is frightening people. I can't see why they have some debts it is true but they are profitable now and likely to continue increasingly until the oil runs out in a, say 10 years time, although if it is as hig as Lenningras (apology if I got the spelling wrong) believed it to be then it won't run out even in 50 years time. The other thing being is that they are buying up hopes, they are buying up production and often in areas where they are already operating, and all things being equal those shares will produce more than 100 times over what they paid for them.So the shares a neutral as far as debt and shares are concerned .i.e. they will more than cover the cost of buying them. In other markets deals like this would cause a rapid rise in the SP, but not in AIM. My opinion and it is not ramping, this share is a better bet than gold at the moment, especially with Brexit any time sone

Oh yes he will consolidate at some point down the line and he can easily get his shares down below one billion when he does so, which is probably why he is so keen to do his deals in shares rather than in cash. Problem with a consolidation it tends to urinate on the small share holder because they suddenly find themselves in possession of just 100 shares or less. As you know, of course, those 100 will not be worth less, than when they had 5000 but they will not earn a lot either in the first year or so. Of course with some consolidations the existing share holders are offered a cut price to buy a pro rata amount to shares the number that they are holding. The cut price is good but they cost real money to buy any amount of them

He is doing the honest thing by not taking up his options. What ever he did by nature would be with insider knowledge , if he sells it would undermine the SP and if he buys or holds people would read things into lit. His latest move however, is not as some see it as a dilution because he is buying higher production which if things work out will increase the value of the company

From mid to late summer 2000 X median figure 50 X 365 X 77%Is a lot of dosh and it would make it one of the most successful companies in the UK. It is going beyond the point of IMO to towards fact. That is not a ramp, it is an observation

I don't think it is dilution in that sense because they are buying production which will be cost positive. It is interesting to see that they will be producing probably around 2000 brls per day by mid summer. Even at a median of $50 per day, that is a lot of cash. My little calculator can not cope with the 365 figure but at 77 precent to UKOG they should be debt free, or debt inconsequential, before the year is out.

Bound to happen when a share rises so fast

The biggest thing at the moment to lift the SP would be for UKOG to be tipped in a financial column somewhere but they are all busy , especially the Forbidding Times , filling their pages with doom and gloom about Brexit

You are right, but not just at the moment

Oh come on Cheryl using these big harden stock broker terms. They are mostly PIs in here with an investment of a few thousand. They can neither ramp nor dermal but they can express their views and sometimes they fall on either side of the divide. I cannot recall a single occasion that I have sold or brought because somebody expressed an opinion in here , But, I will add I don't think that there are any hindrance on the horizon for UKOG, they have just experienced their problems. Probably the only thing that could stop them, or at least hold up things, would be obdurate planers such as the North Lincs CC, which have another very socialist agenda against people making money