Uk Oil & Gas Share Discussion Threads

[25wbh] 04/2/2021 11:46

Thanks for info Hans

[hans christian andersen] 04/2/2021 11:35

Covid to the rescue!

"Interim injunction against unlawful protest update



UK Oil & Gas PLC (London AIM: UKOG) announces that in response to the ongoing Covid-19 pandemic, at the forthcoming interim injunction ("Injunction") review hearing of February 9th, it will invite the High Court to modify the Injunction's scope to cover Horse Hill only and to retain protection solely from the following two prime areas of concern:



· Trespass into the site

· Obstruction of the site's entrance



Having considered the efficient manner in which recent slow-walks have been dealt with by local Surrey police, the Company now considers it best to allow the police to continue to deal with such incidents, especially as the current COVID-19 restrictions confer additional policing powers to deal with gatherings and unnecessary travel. The Company thus seeks to remove slow-walking from the Injunction.



The Injunction is and always has been expressed to continue until trial or further order. Consequently, the High Court will be invited to maintain the status quo in that regard and continue the Injunction until February 2022, the date the High Court has fixed for the final trial of the action.



As demonstrated by a number of unlawful protest actions at Horse Hill during the pandemic, mostly involving persons travelling from well outside the local area, Horse Hill remains a target for protestors who seek to prevent UKOG from conducting its lawful business. The Injunction helps protect the Company from such unlawful actions and, crucially, does not prevent or limit peaceful protest."

Especially posted for 12M

[lopodop] 04/2/2021 11:12

Maybe NOMAD has picked up on this and is why Matt has dissolved his limited company last September.

[lopodop] 04/2/2021 10:57

COMPETENT PERSON AS DEFINED BY London stock exchange for AIM

No doubt NOMAD is was satisfied that Matt Cartwright is A CP.
However look at the requirements and given his role as consultant and being paid as a consultant, does he fit the AIM requirements.

Much of the technical data is signed off by him and therefore much reliance is placed on his professional independent judgement.

Some would say does it matter. Well it does to serious investors.

If he is consultant that is tantamount to being sole practitioner which is an excluded category.

It is a cause for doubt. I assume M-T has verified this.

[25wbh] 04/2/2021 08:33

Good morning all , Gismo , Rayrac , Hans , Iam , and all usual friends

[lopodop] 03/2/2021 11:33

Very good. Kiran is the only shareholder apparently.

[hans christian andersen] 03/2/2021 11:02

imo all fruit loops should put in £5000 to dig UKOG out the hole they are in. Makes more sense than topping up imo.

[lopodop] 03/2/2021 10:53

In fact would it not be the right time for each director to put in £5000 in order to show confidence in the company then we have a clear indication about the future.

[lopodop] 03/2/2021 09:52

You are absolutely CORRECT. Investors provide the dosh for directors to consume. Directors overlook the hand that feeds them. Why should't they? Nobody stops them.

The key to UKOG is to freeze UK OPS and hopefully wait for AME to launch the lifeboat.

Meantime the share price may drop and investors must be prepared for more bumps.

And let's see the directors buying shares and becoming entrepreneurs like us unless they think it's too risky. Perhaps Mardon-Taylor could take the lead as his job is to protect investors.

[hans christian andersen] 03/2/2021 09:32

fruit loops DYOR before investing imo. You only have to look at AME and UKOG websites to see how much they involve investors in up to date information.

[lopodop] 03/2/2021 09:12

Given the current share price, should not the chairman bring in someone independent to review the present modus operandi and the future plan to assure investors that the company is on a path to recovery and that the present personnel structure is fit for the immediate future.
So investors can have some some small comfort that any further dilution will be worth it in medium term, the chairman and Mardon-Taylor should institute an independent review. This does not need to be a big task but investors need comfort that all is sound and the Board should be concerned that investors are still confident in their abilities.

[hans christian andersen] 03/2/2021 08:59

? I wonder why it is not too difficult to work out lol?

[lopodop] 03/2/2021 08:30

I would not raise it if it did not. If he is an employee he should be on payroll.

But he purports to be a consultant as well as commercial director and qualified person. Is this right - are investors to be satisfied with this situation particularly as the company is on its knees according to share price. Why can't the qualified person be someone who is independent?

[bionicdog] 03/2/2021 08:21

CC
It's slowly ebbing away.

[bionicdog] 03/2/2021 08:19

I wonder who marked that post down.

[25wbh] 03/2/2021 08:05

Good morning all ,Gismo Rayrac, Hans Iam, and all usual friends

[hans christian andersen] 03/2/2021 06:47

I wonder why the idiots on lse boast about topping up when there is a bloody good chance a placing is due?

[computercoders] 03/2/2021 03:13

What's happening with my money in this dog? zzzzzzz

[tewkesbury] 02/2/2021 23:46

Does it really matter?

[lopodop] 02/2/2021 15:33

Matt Cartwright is the qualified person who signs off on technical RNS's.

According to last audited accounts he received around £200k or so as consultancy fees via his own company which was dissolved late 2020.

He is described as Commercial Director but he is not a Director of the company. If he is consultant based in Aberdeen or down South is it right to describe him as Commercial Director.

Can someone enlighten the investors - I am not suggesting there is anything wrong here but what exactly is his role - consultant or employee or bit of both. He seems well paid and is responsible for signing off on very important data.

If his company is dissolved, is he still consulting for UKOG and what is his title. Is he still qualified person and why is he not a Director - he carries a lot of sway or does he not wish to be a Director and if so why?

How is Matt now paid and why was his company dissolved if he remains consultant / qualified person, commercial director, director of operations?

[trollkiller555] 02/2/2021 15:15

youve bought hundred quids worth of shares, youre not building a stake you bellend

[idriveajag] 02/2/2021 10:58

Get into tiddler Revolution Bars Group (RBG).

With vaccine rollout across the UK progressing so well, overlooked RGB looks set to at least 4x to 5x bag ahead of lockdown easing, to return to at least the 91p level they were last year (currently 21p).

[hans christian andersen] 02/2/2021 10:43

They've only spent £30m+ on it. Need to bump that up to get decent tax deduction on future sells!

[lopodop] 02/2/2021 09:16

Isn't time to give up on HH and close down this operation and lessen the outpouring of investors funds.
Focus on Turkey this year and see how this is likely to develop.