Everyone just please calm down. Nothing has changed. Yes we've found out SS and his cronies have been dipping their hands into the pot more than they should be, but the fundamentals of the business are the same as yesterday. Wait for the HH2-z update. Wait for the Dual completion of HH1. Wait for the CPR. Wait for YA shares to be entered to market, dumped and cleared. I'm massively underwater here like most i'd imagine, but there are still positives to come I believe. Oil price will obviously come back at some point too! Keep the faith, stay safe, all the best, Welsh.
When can YA convert again please? Great ending to the week. Fingers crossed we get the water fix sorted and keep on moving up clearing the stock overhangs along the way. Keep the faith. Have a good weekend all. Welsh.
Thanks Peter. Great to see the YA shares being flipped so quickly. Just need some good positive news from SS on the water ingress fix and bingo, hopefully a clearer path to a more realistic share price. All the best, Welsh.
Granted Seadoc, but if you were a genuine investor, you would mention we are waiting on an updated CPR! You too like Mirasol are disingenuous, you only post negative facts! I wonder why? All the best to you and your agenda. Regards Welsh
Hi Mirasol. Aren't oil companies valued by not only what they are producing, but what proven reserves they have in the ground? You are being disingenuous basing whether UKOG can be a mid cap Oiler based on just production figures. Wait for the updated CPR at HH please before posting pie in the sky estimates. Cheers Welsh.
Thx for replying Norfork. If we need a rig, that's fine. I would just like know like many others I'm guessing. It obviously has implications on a time and monetary front potentially. Hopefully next week things may become clearer which way we are heading. All the best Welsh.
With all the kit that has gone into site this week, do we definitely need a rig to complete works on HH2-z? Or are there other options? Trolls need not reply, just genuine investors who can give respectable credible ones pls? Cheers Welsh
Why is everyone getting 'excited' every day about the Big sells that are occurring? We know they are going to happen, so just except it. This isn't sentiment selling, it's necessity selling by YA & Telleriun. Take it as a positive people. The quicker they sell the shares, the less resistance there will be when we do finally get positive news from SS. Good luck all, filter and report the noise. Keep the faith, Welsh.
RE: YA Loan now down to £3.15 million03 Feb 2020 19:53
Hi Ninetails. It's about time we tried to clear this board up. It should be full of useful information about UKOG helping share holders with their investment or for a potential investor looking to invest. IMO we should all report any post that is not factually correct, but the poster is betraying it as it is. This goes for positive and negative posts. Cheers Welsh
RE: YA Loan now down to £3.15 million03 Feb 2020 19:40
Hi Tymers. I can ignore the trolls no problem when they are just spouting trash, but when they are posting statements that they are saying are true but definitely not, then they deserve to be reported. Same goes for someone who is constant ramping. Good luck to all genuine investors. Welsh.
Magellan now known as UKOG (137/246)30 Jan 2020 07:57
Can someone explain this please? And why do UKOG have lots of different Ltd companies listed at companies house? Cheers Welsh.
As announced by the Company on 11 September 2019, the Company completed the acquisition of Magellan Petroleum (UK) Investment Holdings Limited ("Magellan") from Tellurian Investments LLC for total consideration of £12 million in cash and shares in the Company (the "Acquisition"). Magellan (now known as UKOG (137/246) Ltd) holds a 35% direct interest in the Horse Hill oil field (the Company's flagship asset) and the surrounding highly prospective PEDL137 and PEDL246 licences.