Member Info for VistaMan

The RNS states:

"The extension maintains the potential for additional non-dilutive funding to be realised over the coming months, as the Company continues to advance its strategy and seeks to unlock value across its asset base."

I am not sure how any potential future warrant exercises can possibly be described as "non-dilutive funding"!

JungleVIP, I don't think you can really call it an "update", its a regurgitation of already released / known news. (with the exception perhaps of the cash position at year end)

TerryM1, surely the only logical reason for you continuing to hold DEC is you believe there is the possibility that DEC will be at a higher SP in the future? If you didn't believe that then you would sell up surely? That's my reason for continuing to hold although I will try and trade some as well.

The further in time we move past the last acquisition and it's funding woes the more the SP will be determined by future prospects. I guess we all have our own opinion of future prospects and all opinions are valid because after all they are not facts they are just opinions.

Have been invested here since 2021 and of course am somewhat under water.

I don't know enough about Esprey's background (and now he has gone don't care) but I would have thought the replacement by a Director of MONAF would have been viewed positively here and may have resulted in some more share purchases.

The delay in receipt of the royalty payments in my opinion has likely been linked to slow progress on the definitive agreements with CGO / MONAF / Huo.

Hopefully with a Director of MONAF now in charge of CGO this will simplify and expedite the final agreement and the receipt of Royalty payments.

Tiger says:

1.The Walton Morant licence sits just 200 miles from the U.S

2.UOG is now fully funded after the May placing

1. Jamaica is 530 miles from Key West (most southerly part of US)

2. There was no placing in May. There was a warrant exercise which raised a total of £18,750 less costs.

Tiger doesn't really concern himself with facts.

JC01,

Do whatever you want. You are a fool if you think you are "holding Rusty to account" by posting on here. You are a proper bore! Of course you won't be able to read this anyway!

JC01

"I’ve been selling this dog down all year".

I wish you would hurry up and finish and perhaps I won't have to see your negative, boring, repetitive posts day after day.

Realvalue, It is theoretically possible but its BS (you know it too) and you would be very foolish to believe it. Its all part of a narrative that various posters are trying to create and when facts don't support the narrative then they make some up.

Anyway, I thought you had been buying all the shares so that must take a lot out of circulation!

Tiger says:

" This still proves the float is tight, because the actual tradable volume is low, regardless of how those holdings are sliced underneath."

Tiger, you are talking more BS. In the last 10 trading days there have been 1.482 Billion Shares traded out of a total of 2.03 Billion, hardly a definition of a "tight float"

Please stick to facts rather than Blather like Larkin.

Realvalue, but the top 25 holdings are not 25 individuals/entities. The Investment Management Companies I listed have thousands (in some cases millions) of individual private investors. The total share holdings in UOG of all the nominee accounts in an IMC will be listed as a single value by the Investment Management Company such as Hargreaves Lansdown.

Tiger says:

"3. Public vs Institutional

• Institutional ownership makes up ≈ 71.3% of the total .

• Public/retail investors account for only about 2–3%, with the rest tight among insiders & private entities."

Tiger, your are either trying to deliberately mislead posters here or you are a novice and don't know who these entities who are holding UOG shares.

HL, HBOS, HSBC, IG, Barclays are where Private Investors hold their shares in nominee accounts, in theirs SIPPs, ISAs and trading accounts.

I can't speak for the other entities you list.

TJR88, that's just a propaganda video for Jamaica. I wouldn't invest anything on the basis of that. (It is definitely in the ramping category)

Being a long term shareholder here I would also caution against "taking as gospel" anything Larkin says, look back at previous RNSs from him and contrast with the actual outcomes.

Like many I still HOPE for a positive outcome from the current farm-out "discussions".

Willswag, Apparently the capacity of a full-size MMU is 250,000 MT per year.

TerryM1, I can't claim to understand all the machinations of CFDs / shares out on loan, etc but surely the significant part of the percentage reduction in holdings by Blackrock is the issue of 21,194,213 new shares to Maverick, effective March 17?

GTE announced a 50% Farm-out of a portion of the Simonette Montney assets for 52 million canadian dollars with Logan Energy!

I hope Majid is suitably ashamed.

MrG:

"The higher price hadn't spooked the remaing shorts."

You should post that more often, Arrowstreet just reduced by 0.1%.

Cat5, I hold all my DCUs in a SIPP with HL. The DCU payments always show as a "Return of Capital "!

Https://uk.finance.yahoo.com/news/pioneer-energy-partners-diversified-energy-130000641.html

WMMG, Strange definition of stagnant you have. Easyjet shares:

+16.3% YTD

+31.7% in H2

Quite happy with that personally.

I see Larkin didn't put his hand in his pocket for any subscription shares. No surprise there.

Any money the recently announced Cost Reductions didn't involve a reduction in his salary either otherwise he would have been keen to say so!

Larkin, one of the greatest destroyers of shareholder value on AIM.