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Older and wiser I had the same question! Abandonment liabilities is what scares me about this investment! Had it not have been for them, it would be valued much higher ! The company doesn’t seem to be forthcoming with details ! Even the last acquisition rns was very vague !!

Mike The shares now are trading at 374p which is what they were trading at since last October !!!! The company is producing over 11,000 bopd which should be valued around 250 million but the mountain of liabilities has made investors dodge it like a bullet! Spread isn’t late because of “low market cap”! Spread is large because nobody wants to buy ! No liquidity ! I wonder why ?

Hi guys Thanks to mike 15 for his cross promotion/ ramping of RRE on other BBs, I am now doing some basic research on this one ! I have read the latest RNSs and company reports but can’t seem to find any presentations. Does anyone have any links ? I also have some questions that I hope can be answered by the loyal long term followers of this company ..

Mike 15 Q1) What is RRE going to do about the hundreds of millions worth of liabilities? Q2) Why have the RRE shares flatlined? Q3) Why is there no liquidity in RRE? And why is the spread so horrendous? Answers on post card

Luck counts What do you expect to miraculously happen next Tuesday? You keep mentioning the vote as it it’s something that could go either way. The vote is just a formality ! The deal is going to get accepted and voted through with no problems! Any other outcome Other than that will be disastrous for OPHR! If the deal does not go through I’m afraid 30p will not be where the shares settle ! It will go much much lower ! But I can’t see that happening...

Mike15 You’re trying to compare apples to bananas ! Comparing OPHR to RRE is like trying to compare a Ferrari to a fiat punto RRE is an AIM listed illiquid, Libiality filled cash guzzler in the North Sea OPHR is main market listed mid tier company which has a very healthy balance sheet and has unfairly (IMO) been treated by market! Do some research on future before trying to ramp your dogs on other BBs Cheers !!

Luck counts I completely 100% agree with you regarding OPHR and also RRE! Even I was to have a punt on RRE, it would be for a tiny amount as the risks you mentioned were the same I came across ! Regarding OPHR, it just makes no sense ! When I started researching this a couple of weeks back it was sitting at 44-45p now at 39p and falling ! So it has lost another 10% in value in less than 2 weeks!!! It defies all logic ! I buy into the theory that block R uncertainty is the cause of all this and once it is resolved (one way or another) we could start heading in the right direction! In the mean time , anything is possible !! Even 30p !!!!!

Dick up ham It is in fact you who does not deal in facts! I don’t think you even know the meaning of the word! You wrote “Even today there is none among them that is paid a salary in 6 figures. “ Including cash bonuses the 2017 salaries were as follows Benetez £140,000 Landsdell £154,000 Richardson Brown £140,000 May be you don’t know what “6 figures” means LMFAO! Judging by your previous investment in bowleven and MOG , I doubt that those are numbers you deal with ! LMFAO BTW , I have been informed that salaries are set to rise again ! I will not divulge any further! I compared JOG’s salaries with other companies I hold shares in and they are significantly higher ! Bordering on being obscene! 4 out of 6 directors at SDX energy get £50,000 and are predominately remunerated in shares, through achievements and KPIs. You could say they are not North Sea based ! Well how about Parkmead Group who are 100% NS based! 60% of their directors make an average of £89,000 ( nearly 40% less than JOG) in basic salaries and cash bonuses! Again they are fully and handsomely rewarded Via shares ! I prefer directors to be aligned with share holders and remuneration to be more share based ! That was the reason behind my post on the 24th which seems to have ruffled a lot of feathers and is still doing so 3 weeks later !!!!!!!!!!!! LMFAO As for your argument regarding trap oil! That is such a silly thing to say ! The company was just about to go bust! What other choice was there? That’s it dickuphim! You are now on filter !!! You can use your energy to direct your emanating hatred, anger and venom towards someone else as I will no longer reply ! Or better still find a hobby or go make some friends or do something useful in your retirement!!!

Dickupham Oh dear oh dear oh dear !!! That post reeks of so much bile, anger and vitriol ! So much jealousy and hatred! Why has my investment credentials, my salary, my job level and previous success warranted an entire post ? I guess from the writing style that you are a sad bitter old man past his fifties who’s life has flown by with nothing to show for it! You’re probably the type who can’t answer “what is your achievement in life?”!!! I have no problem with you being gay or otherwise! I don’t see what relevance that has! Or why you mentioned it ! Ps: were you drunk when you chose that name? Or was it a dare ? What were you “intending it to sound” like?? There’s no “play on words” ! It’s just vile, vulgar and obscene! Unlike you, I don’t need to put my CV here and discuss what I have achieved to feel better lmao ! I have come across your type many times before in my life! You know the type - bitter old men who resent anyone younger achieving more success or being promoted or managing them ! Unlike you, I am 100% rational with my investments and do not fall IN LOVE with my shares ! JOG is a very small percentage of my overall share portfolio which includes over 20 holdings ATM! Regarding the 20,000 share LIMIT : as I have explained many times before this is because I will NEVER INVEST more than £50,000 in any 1 AIM listed company ! That’s just a rule I live by and assuming the company gets into gear, I will buy some more and increase my average ! If it goes down then my £50,000 limit buys me more shares ! I don’t want to play the “my ***** is bigger than yours “ GAME and my investments portfolio is this or that! Making fun of the size of my holding just shows how childish a pensioner can be!!! Anyway That is my business and nobody else’s! I have no will or desire to converse with you and will be filtering you! You are a very negative man and your overall aura stinks of hatred and anger ! Hopefully you can let go of whatever anguish that has led you to be like this and learn to happy for others ! This IMO will set you free! #thevoiceofreasonwillnotbesilenced

Yes indeed empty vessels do make the most noise! Wasn’t it you who had a 60 post argument about hotel prices in Budapest last week? Wasn’t it you who had admin delete umpteen of his posts recently ? Enjoy your day ! ;) #thevoiceofreasonwillnotbesilenced

You really need to get over MY OPINION that JOG’s directors are overpaid!!! It’s my opinion! End of story ! Get over it ! I mentioned it about 3 weeks ago and was hounded and decided not to mention it again !!!!! Get over it !!!! But since you mentioned it JOG have a bunch of over paid directors !!! FACT!!!!! I’m here for the assets and the oil nothing else !!!! Jeez! It looks like since you managed to bully GRAY Bird from the B.B. I’m now public enemy number 1 !!! As for the spelling error, I was typing in a taxi and auto correct did it’s business ! BIG DEAL.. POT, kettle and black spring to mind ! Or should I say “too” mind ? LMAO #thevoiceofreasonwillnotbesilenced

If it does go to a ridiculous 30p I’m willing to liquidate a number of large holdings and go all-in! With or without block R , 30p is ridiculous!!! Will happily by 300,000 shares + + at 30 p !!!

One think we do agree about is the fact that you should never invest more than you can afford to lose! I get the impression that a few here have overstretched themselves and are losing sleep over their investment! Cardinal sin #1 !!!! I also get the impression that some have fallen in love with the investment and will no longer judge it rationally! Cardinal sin #2! I get this impression that some are sitting on heavy losses at the moment given the fact they believed the hype earlier in the year about drilling in early summer and have strapped themselves for that ride! 2 delays later they are left holding the baby and staring and a hefty paper loss! Cardinal sin #3 ! #thevoiceofreasonwillnotbesilenced

“but importantly the style, background and ability of senior management and Executives. The latter is something all serious and committed Investors should conduct as a matter of due diligence. Failure to do so, imo, is almost a Cardinal sin and no excuse can justify this basic omission” ————- Here here my man!! When I was doing due diligence i got our illustrious leader’s CV personal sent to me ! I dissected, forensically examined and quadrupled checked everything! I don’t take investing lightly ! I have been burned by shady oil execs in the past! You know the type that deliver nothing but take £1.1 million / year !!! Public forums are for made for discussing ALL aspects of my investment ! Including management pay! This is a very hot topic recently even discussed by institutional investors ! It shows naivety if you are willing to turn a blind eye ! Some seem to think that public forums are only made for ramping and no discussion can be had! Say one negative thing about the investment risk and you will be banished to the land of UKOG! You like to use Latin and impress us with big words but can’t tell the difference between “to”, “too” and “two” ! They say a little knowledge is dangerous! You my friend are case in point ! Not hear to argue or insult anyone ! But I’ll continue to voice my opinion ! The voice of reason will not be silenced !

Sorry Jargon I just read the thread again ! You’re talking about Block R in EG!

Fairdealer read your own post from 4:14 yesterday and you’ll know what I mean ... I was merely saying that the “nitwits” you are referring to will arrive in droves in 8 -10 weeks time !

No no no fairdealer! You have misunderstood what I’m saying! I’m not talking about investors who have taken the time to research ,study, analyse and investigate their investment and then invest ! Im also certainly not talking about institutional investors!!!!! I’m talking about the people who run after hype trains trying to be rich in 3 weeks (the ramping & deramping types) ! If you have ever invested in the Falkland oilies or Xcite Energy in 2009-2011 you’ll know what I’m talking about ! This bulletin board is currently very jovial and polite ! Wait until November! You guys are in for a real treat !!! If you thought Gray Bird was an akward customer, you’ll have 200 flocks of Gray birds! Just more tenacious and rather than being like cute little pigeons they are more like killer falcons!!!!

Jargonpain Which one of the licenses are you talking about ?

Mike15 I could not think of a worst oily to invest in than RRE! May be UKOG .. RRE is truly awful investment! Thanks for the tip though

Too busy dickuphim! I see you’ve created a new alias ! Lmao