Member Info for wizard125

Primula

Personally I think more than brainstorming has been done by SS & UKOG.

Maybe you missed it & what you were told.

I think SS put it in the public domain for those that were listening.

Do your research people who have followed the UKOG lifeline & can join the dots. Some do not want to believe, some want to mislead!

There are in my opinion those who are quite shallow so will miss the details but it is not for me to do there research for them & I wish them luck with there outlook & I am sure that there are other companies that they can invest in.

Things may be difficult at the present time but a faint heart never won a fair maiden & when this comes to life it will run & grow for many years to come in my opinion.

The intrinsic value that you mention is current value based on sentiment when the facts that you have not listened to play out you will be singing from a different song or feeling sorry for yourself from the sidelines depending on your investment status in my opinion!

Primula

Can you define failed?

The market may be in a current low but UKOG seems a all or nothing share to me at theoment as it has lost of assets with a lot of untapped value & has & the ability to rise from the ashes like the preverbial phoenix.

Some see this as negative, some see it as positive, some sell & others will be patient.

Have you done your research?

Nobody is going to do your research for you, as I said yesterday if you were interested you would, the answers are out there if you seek you will find!

Hopefully these new regulations will also cover internet trolling.

https://drillordrop.com/2021/03/09/government-announces-new-curbs-on-right-to-protest/comment-page-1/#comment-258884

CynderLad

Following your 16.55 post yesterday I posted this below, you have obviously chosen to ignore it & carry on pretending to be a agrieved shareholder when the reality is obviously completely different motive & agenda.

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

As for selling all of your UKOG shareholding this post it of yours only serves to confirm that you never were a shareholder & that you are nothing more than a swampy troll.

How UKOG fund it's future works is between the company, it's shareholders, lenders & the government who issued the licences.

CynderLad

As for selling all of your UKOG shareholding this post it of yours only serves to confirm that you never were a shareholder & that you are nothing more than a swampy troll.

How UKOG fund it's future works is between the company, it's shareholders, lenders & the government who issued the licences.

As a further point relating to reserve based lending it is imo. important for the directors to look at the availability & best available timing of a loan as oil prices are predicted to go much higher than $70 per lb barrel which in it's may lead to better term's & condition's for any lending as long as it is within a reasonable timeframe but also not be available until the permits are in place.

moneysaver

You should find information like that in RNS & is included in the one below.

https://www.lse.co.uk/rns/UKOG/loxley-appeal-inquiry-scheduled-for-july-2021-nvwwscdtj50rr7a.html

What is needed is clarification of the current situation by the UKOG board of directors. We can expect a statement at the time of the 2019/20 full year results are issued by the end of March if they are not delayed.

The situation in my opinion could change quite rapidly & I for one will not be selling despite the negative posters either trolling as swampies or traders looking to buy in cheaper.

While I accept there may be a need for a fund raise despite the repeated claims it has not happened yet & the company was stated as a going concern by the company auditors in last year's accounts.

I remember & remind shareholders of the company comments about dilution only being used for growth or if absolutely necessary.

My understanding is that we are awaiting the new environmental permit for all 6 wells at Horse Hill this is awaiting the consultation.

The use of reserve based lending which the company advised would be available in last year's reports & had previously advised that a £15-18 net present value per barrel in the ground at a $70 oil price which we are now boardering on.

Obviously the lack of communication from the company is concerning especially as the oil price has risen considerably since last June's interim results release.

Full clarification is required of the requirements of reserve based lending & where the company is in regards to the release of reserves & funding for the work required with realistic timelines of achieving monitization of the Horse Hill assets & beyond.

The directors in the interim results stated that they were preparing for this time so I think that 9 months later it is time that shareholders were made aware of the solid plans that have been made & how it will be funded.

https://drillordrop.com/2021/03/09/government-announces-new-curbs-on-right-to-protest/comment-page-1/#comment-258884

Brent crude oil now has a new year high today of $71.16

Brent crude 52 week range 15.98 - 71.16

Exploration

My view is unchanged.

There are local councilors who are going against the planning officers recommendation which is based on national policy guidence.

It happened at Wressle. Loxley is next in line for the planning inspector & we will have to see what GL decides for Balcombe. I await UKOG coming to the local authority with Arreton.

It is worth a though why the planning authority changed there recommendation to the planning committee to recommend this time?

Was it just a shorter EWT or was there other reasons in the national policy that they know that the national policy review will overrule on appeal which would be very costly for the council to defend?

The UK government will have to keep the lights on, buisness running & people in jobs as it will not be able to furlough the nation between now & 2050 to achieve net zero having waived a magic wand.

https://acp.planninginspectorate.gov.uk/ViewCase.aspx?CaseID=3268579&CoID=0

With the price of gold falling by almost 11% over the last 6 months Alba need to stop talking & start producing gold before the advantages have completely gone as the pandemic subsides over the next few months & the share price drifts lower & lower.

The Magician’s Hat of Uncertainty
Few of us cope well with uncertainty. It is like a magician’s hat: huge inside and full of useless stuff like speculation (and its friend, worry). Speculation and worry are a form of fortune telling (without the crystal ball) and if you were good at it you’d be very rich making investments…
We function better with certainty, and we can take charge of that by organising ourselves in the face of uncertainty.
One of the ways we can do this is to deal only in fact, not opinion. The news is padded out with speculation, so…
• Only check the news once a day. You won’t be missing much;
• Avoid the self-appointed social media “experts” and doom-mongers;
• Practice spotting the magician’s trapdoor of “what-if…”. It leads to speculation (and worry);
• Be kind to yourself. Don’t give yourself a hard time for not achieving more with your time. Stress is tiring us all out;
• Try to keep a normal routine and structure to your day, especially bed and meal times;
• Remember that this will pass;
• If you don’t have a reliable crystal ball, beware of speculating about the future.

Hi Ninetails

Thanks for your concern this morning & I'm fine.

I feel your pain here aswell but remain optimistic despite the current difficulties as before & believe as the previous highs have past so will these current lows.

I note your comments regarding the magic $60 oil price which I previously thought was the magic figure.

Following further personal research that was the figure used to calculate the robustly commercial commercial declaration of HH1 but is not the magic figure needed to press the magic button.

My personal thoughts are that that figure will be achieved in there not to distant future & I for one remain sitting tight despite some of the bigoted & speculate posts here.

I know it has been a difficult few years with UKOG for you as it has for me. I am trying to keep it in perspective & have found it easier having broken out of the daily speclative emotion of this board but watch with interest.

My letter to UKOG has been acknowledged & I await the outcome with interest.

Good luck

Would the company need to RNS the receipt of any government funding accessed though the buisness interruption loan scheme which is open till the end of March with up to 5 million available?

The smoke stack was running on 7th January but no reports of it running today.

Is it possible that they have possibly been adding to perforations again?

Ibug

It is not registered on the BGS earthquake site which was updated this evening.

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Home » Earthquakes » Earthquakes around the British Isles in the last 50 days
Earthquakes around the British Isles in the last 50 days
Last updated: Tue, 12 Jan 2021 20:40:01 (UTC)
This list contains information about background, tectonic earthquake activity in and around the British Isles. Seismic events for which there is strong evidence that they have been induced by human activities are in a separate list here.

Locations and magnitudes may change as events are re-analysed and revised.

Depths are rounded to the nearest km and all events shallower than 1 km are listed as 1 km. Magnitudes are local magnitude (ML) and are calculated to one decimal place, as is standard practice in earthquake seismology.

Date Time (UTC) Lat Lon Depth (km) Mag Int Region Comment
2021/01/11 00:46:44.3 55.354 -2.283 2 1.0 MAKENDON,NORTHUMBERLAND
2021/01/10 02:46:30.4 52.740 -2.988 13 0.8 CREWGREEN,POWYS
2020/12/31 11:18:12.0 55.664 -3.438 7 1.9 3 SKIRLING,BORDERS FELT