Member Info for wizard125

It will be interesting to see if our new partners AME now pick up the costs for the second part of the drill in Turkey if it is over the agreed costs cap?

I have only just received a email from my nominee company today about the open offer now that it is all over.

I am sure many others were in the same boat.

Even so the share have been consistently below the offer price.

ocelot

You may well be right about the net zero target ambitions & it is part of the reason that the target is set to be achieved by 2050.

National energy policies are not decided by flipping a coin & saying this will happen today, tomorrow or next week & the oil & gas licence sales made by the government & the policies & the licences that have previously been sold have a mandate.

The key question for me now with UKOG's announcement is what incentives the UK government are going to provide to the companies who purchased the licences not only to produce much needed indigenous oil & gas which will reduce emissions compared to imports. I also has the power provide aid & incentives for gas production & carbon capture for hydrogen production.

If the UK government wants to help the development of geothermal energy from the existing licences or future licence sales it can now act without European interference to keep the lights on, wheels turning while keeping homes & business warm in the UK.

https://mobile.twitter.com/millionmileaway/status/1417364495274553356

gkb47

Maybe the directors having to let there bonus share options lapse that are available at 1.15p in May 2022.

That would be the second time SS has had to let his bonus share options lapse if I am correct but they have all been paid whatever the outcome or dillution was without supporting the company or it's shareholders with a personal investment?

This time it would be the whole BOD directors whose options lapse, so maybe sparks will fly especially if SS is up for renomination as UKOG, CEO?

DavidWK

This was your post of 25.6.21 below, have you changed your mind?

UKOG Will go between 0.90p and 1.35p between spud day and result day.

The "derampers" don't talk to share down because they don't believe in it. They know it will bag several times from this level up. But they are day traders!! not week(s) nor month(s) holders but day traders and as day traders you only want to invest for a minimum of time in a share. Between 1 to 3 days at most. So they talk the share down to keep the SP as low as possible as long as possible before the anticipated news so that they can get a higher profits when the day come to trade the stocks. They don't want to see the SP gaining 20% or 30% before it is time to buy and they certainly don't want to hold the shares for a month before it is time to buy. This is mainly why there are "derampers" just to make more money when the day to buy comes. and not having to buy at the lowest price a month before the spudding day.

HeidHoncho

Fine in the realm of theory but had you bothered to read the RNS you would have seen that the placing shares did not provide a entitlement to the open offer shares.

canitbetrue

I believe it would of had to be RNS 'ed if they did & it wasn't.

So do you believe where the leaders projecting a positive image of buying into there new venture don't buy others should?

Tweet
See new Tweets
Conversation
UKOG
@UKOGlistedonAIM
·
3h
OPEN OFFER: UKOG proposes to raise up to £4.7m via an Open Offer of up to 2,643,429,529 Open Offer Shares at £0.0018 per New Ordinary Share, the same price per share as its placing of 2 July 2021. https://tinyurl.com/67w5xaxc
Promise of Value
@promise_value
Replying to
@UKOGlistedonAIM
People are missing the point.

If #UKOG are raising this type of capital and the directors are purchasing shares, something tells me big things are going on behind the scenes. Think about it Thinking face Smiling face with smiling eyes #Turkey is #ComingHome Collision symbol
10:17 am · 9 Jul 2021

....................

Promise of value I think you have missed the point . The directors have issued RNS about buying shares through the directors share purchase scheme but have failed to RNS the directors share purchases from the initial purchase date of the 2 July 2021 which implies that none of the directors bought any shares.

Now they are expecting you to put your hand in your pocket at above the offer value when they have not bought 1 share apart from Kiran the finance director who has a historic holding of about 4 million shares & they have provided a 22% discount to the market.

I don't think that now is the time for approximately another 2 1/2 billion shares dilution for £4.7 million.

Who really believes that this is in the companies & shareholders interests at this share price when you can currently buy UKOG share at less than 0.00175p?

nitrokev

This is what shareholders get for daring to vote against the pre-emption rights at the AGM.

The funny thing is that if no one takes up there open offer shares & just buys in the market from all the shares that are about to be released possibly at a lower price than the open offer price there will be no further dilution ( hooray! ). This in turn may cause a bigger spike in the share price when the market knows the outcome of the offer.

With the share price at this level what is the point of taking up the offer? especially as the UKOG directors don't seem to of bought any share this month from the director share purchase scheme announced on 28 May 2021.

https://www.lse.co.uk/rns/UKOG/defined-director-share-purchase-programme-cu8hucfwhftj89a.html

This was the opportunity for the directors to break the mould and lead by example, but no not the current UKOG directors!

Offyparker

While I understand your point, in this particular share many activists pretend to have shares while posting negative posts which rather sques the debate by misrepresentation.

An example of this was Lorraine Inglis a well known activist who owned one share just so she could attend the UKOG AGM with a tape recorder. I believe this was to report back to Surrey Life & Drill or drop publication.

While it is not for me to comment on any posters possible Identity many have claimed that Penguins real persona is Ruth from Drill or drop!

Offyprosser

What a funny comment on a chatroom website designed for members to share there views without drawing conclusions for the community?

Maybe they will decide to bring the Turkish drill company with there drill to drill HH3 & HH4 at more competitive prices than in the UK.

https://mobile.twitter.com/ukbigdaddyian/status/1412336270332809217

Ian

They could probably frack in the mountains under Turkish law to increase oil flow & recovery.

SS always said that there was nothing wrong with fracking but it would not be done in the Weald where it was not necessary due to the natural fractures created by mother nature.

Let's see them recover decent amounts of oil this time so that this company can move it's other projects forward & after so many years provide a return for shareholders.

A larger company can be measured not only by the number of operations or licences but by the market cap which will also help development & production.

Incase you had forgotten UKOG is a exploration & production company & the production is pretty meager at the moment and production provides profit & future growth not just dilution.

noddingdonkey

You may be able to contact the individual companies share registrar as they may be able to trade there own companies share certificates. This may prevent a lot of broker fees.

https://drillordrop.com/2021/07/07/uikogs-dunsfold-appeal-to-be-held-online-more-details/

What percentage of open offer shares do you think will be taken up?

a. 1 -3%
b. 3- 5%
C. Name your figure

Many shares just like TH2 are in nominee accounts & will not even know or care about the offer.

OofyProsper

If all the directors want to do is take from the company & provide no support or decent results I wander how they would survive on minimum wage?

The fact that it has not been RNS'ed implies that the company is in breach of notifiable facts or that the commitment in that RNS has not been met.

The silence from the company is deafening.