RRR chairman Andrew Bell posting on Shàreprophets9 Feb 2024 20:03
3rd Feb 2024 Bell's good friend Tom Winnifrith did a shàreprophets article titled:
ON DAVID LENIGAS DAY, his UKOG baby takes a Turkish bath and is now minus 99.99% - WORSE TO FOLLOW
Winnifrith wrote:
"Andrew Bell reckons that David Lenigas knows how to create value. Hmmmm. On the day that Bell appointed Lenigas to drive the “new phase of growth” at Red Rock Resources (RRR), after a last phase of growth that has seen shareholders lost 92% in three years, Lenigas created UK Oil & Gas (UKOG) had yet more disastrous news and its shares are now minus 99.99% down from peak ramp. And you know what? It is going to get even worse"
Andrew Bell comments:
4 days ago
https://disqus.com/by/disqus_4139iDiDLz/
"I hold no brief for UKOG.......but I look back nostalgically at Horse Hill, the Surrey project, where I was peripherally involved"
PLEASE NOTE: When Bell bought back into the Horse hill project on his twitter David Lenigas was furious:
https://twitter.com/DavidLenigas/status/704227822219501568
"That was a real project, and still could be. It took guts to do it, and it nearly came off. There is a great deal of recoverable oil there, but it needs money spent, and a lot of patience, and positive support from HMG.
What was conclusively proved for the first time was that The Kimmeridgian in southern England could be mature enough to generate oil and gas, potentially over a wide area.
I watched as an oil analyst the beginning of Wytch Farm in Dorset, hailed as holding perhaps as much as 30m bbls. Then I watched its growth through different owners and different decades, until it had produced 270m bbls and was the biggest onshore oilfield in Europe.
Had we but time enough, we might be vindicated at HH, but one lifetime may not be enough, given the absurd prejudices surrounding oil and gas currently."
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