Member Info for wizard125

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Sageman

You talk the talk, but as yet we have not seen you walk the walk.

As I say lots of talk about, how you would run UKOG! How badly UKOG is being run, but what have you done apart from have a good moan?

No signs of any actions in reality?

Actions speak louder than words?

Adrianuk

Posts: 1,233

Price: 0.17

No Opinion

RE: Ukog toxicToday 20:22
Union Jack 15.5 billion shares in issue. How many barrels of oil are they producing daily?
........
Union Jack also only have a 16.665% holding in the PEDL 183 licence with there 15.5billion shares.

How many barrels of oil revenue are they expecting or are they just looking to get bought out?

At least UKOG have nearly 86% of the Horse Hill licences & a production licence for 25 years.

What we really need as oil prices increase is higher production & a decent CPR.

U

If the other applications have now been cleared there should be some communication shortly about the Loxley application.

Ocelot

Worth a little research imo.

ocelot
It may not but can you remind me of SS's NPV figures for the Portland & Kimmeridge at the Horse Hill site?

What I would like to see at the point of a CPR & RBL availability is a special dividend for shareholders as a thank you for there support in the sustainable development of UKOG which would go a way to enhancing shareholder value following all the dilution.

nomlungu

The others reductions including site equipment etc. were not included though & hopefully the production will also increase further sooner or later from 300BOPD

As things progress at other sites / licences it may be more cost effective for UKOG to have a non executive operations director who oversees operations & reports to the board.

Some of these cost reductions are documented here but costs may also have been reduced further at administrative levels.

The purchase of the site equipment is now complete.

https://www.lse.co.uk/rns/UKOG/operating-cost-reductions-1275m-funding-u5ac7wvz25s9ask.html

nomlungu

The directors renumeration has also been cut by 20-50% as they are now in a non operational situation & the EWT objectives have been achieved.

I'm sure there have been other cost cuts that have been
made but I think that you will need to wait for the next financial report to get those details.

One man's rubbish is another man's gold!

I know but I am in for the long term but believe it will come good & the preparations now will pay dividends in time.

Not today tomorrow or next week but it will.

Ironhide

If you play your cards right you could trade a few tens of million shares before then.

The key question for traders is will I be holding when good or bad news hits?

This would be the difference between profit and loss something us LTH have to deal. The loss part anyway in the present cycle.

JiffyBag

Are you sure you are on the right board. Take a look at what has happen to your beloved Hurricane it's wells, it's oil, it's debt's & it's share price?

Sort your own problems before criticizing others. I don't think you are up to date with the UKOG situation.

Ironhide

I think as part of the UKOG'S growth stratergy it is being considered a interest free loan from shareholders to the company & with less shares now being traded they seem to be finding there way into sticky hands again.

I believe the hope for the future is growth & development of the company as HH is almost 100% owned & in production now.

Traders like you will make your crust in the mean time.

RipleyBogle

At least when this is decided by the planning inspectorate in line with the national guidelines there will be none of the local planning regulations that the IOW council could put in as they will lose all control.

The fool on the hill
@Adrianwfire
·
1h
#ukog. Do we have another pump and dump attempt to get PW shares sold? If so. Got to ask yourself why would they sell. They are onsite doing flow testing ect at HH. They know whats what there.

Let's see.

Foth.

Penguins

With comments like that that it is no wander many call you 'Ruth'

Well spotted Stockraiser if all planning applications passed or failed show no decision that looks like a review of the system & not just UKOG'S decision and a rerun is likely.