Uk Oil & Gas Share Discussion Threads

[clickon] 10/3/2016 12:07

Thank you simon_64 signed it. I hope everyone will

[funkmasterp12] 10/3/2016 11:53

Doesn't say they won't raise any additional funds though, does it? It just says they have enough to stay solvent.

[moneymunch] 10/3/2016 11:28

....The Directors have prepared cash flow forecasts for the period ending 28 February 2017. The Group has sufficient cash funds available to allow it to continue in business for a period of at least twelve months.

[simon_64] 10/3/2016 11:27

Has everyone signed up for this it takes seconds, have 3553 signatures already need to get to 10,000.

[wisteria2] 10/3/2016 11:26

The Company drew down US$1 million under the YAGM Facility on signing the agreement This drawdown has been repaid.

[moneymunch] 10/3/2016 11:24

Lol the drawdown is available for any emergencies. ..Ukog don't need it now following the stunning flow rates from the Limestones. They have almost £5m cash and lots of willing investors according to SS's recent interview.

[12bn] 10/3/2016 11:18

YAGM,Yorkville,is a VC,Venture Capitalist,they do SEDAs (stand by equity deals),they are a nightmare for shareholders. They create a 'death spiral' for the share price because of how they are worked. What happens is the VC offers the company £Xm for Ym of shares at a discount to the prevailing share price They then sell them,usually well before ever getting them,by shorting. Under this 'short attack' the share price falls and then the VC gets the shares from the company to close the short with. The company gets cash for paper and so is happy.The VC makes money from selling the shares via the short at a much better price than they get the shares from the company,so they are well pleased. The only losers are the PI current holders who see the share price drop. This is then repeated for the next batch of cash and the share price falls again. It is called a SEDA tap death spiral.

[moneymunch] 10/3/2016 11:06

IG Interview - 19 Feb 16




We have money to do it in the bank but on the back of this success we have people who want to give us more money"

RNS - Results 26 Feb



1.....At the end of the period the Group had £4,590,000 (£982,000) in cash and cash equivalents. Along with its non-current and other current assets the consolidated total assets were £11,581,000

2.....The Company entered into an unsecured US$10 million debt facility to be provided by YA Global Master SPV Ltd ("YAGM") on 28 October 2014. The facility is available to the Company for three years from the date of the agreement.The Company drew down US$1 million under the YAGM Facility on signing the agreement This drawdown has been repaid.

3.....The Directors have prepared cash flow forecasts for the period ending 28 February 2017. The Group has sufficient cash funds available to allow it to continue in business for a period of at least twelve months.

[tracy_moore] 10/3/2016 11:04

Too many doubts for you by the sounds of it andysand, probably better to invest somewhere else. Good luck.

[simon_64] 10/3/2016 11:02

Next RNS unrestricted flow rates should be with us early next week IMHO.

[moneymunch] 10/3/2016 10:59

With almost £5m cash in the bank, SS has stated that they have enough funds for all of their development plans for 2016, and so no need for a placing anytime soon!!! If HH is fast tracked, then no doubt they will raise more funds but this would be at a massive premium on any news of fast tracking HH production. THEY HAVE ENOUGH CASH for the time being and considerably more than most.

[andysand] 10/3/2016 10:53

From all the reading I have done on this, it all seems to be down to one issue. Do they need a placing? Until this is resolved, it is not an investment, it is a pure gamble since we can't predict dilution. So the company needs to answer and address this now. And if they do raise more cash, they should make sure it is the final call before profitability. Placing or no placing? Answer UKOG

[football] 10/3/2016 10:38

malt5565 good luck with that one!

[datait] 10/3/2016 10:26

Right 12bn just before this turns ugly and im proved to be right once again would you like to call a truce, I wont post any negatives as to how I think it will go on xtr or kibo if your willing to do the same.

DEAL OR NO DEAL

[datait] 10/3/2016 10:17

12bn your not paddling your sinking hahahaha

[datait] 10/3/2016 10:16

Its now that time for market makers to start moving up folks watch this space.

[12bn] 10/3/2016 10:15

More lies Datait but that is all you are good at. Unfortunately you told us all that you had bought 98384 shares yesterday and that trade was at 2.5350p, so you were either lying or you were very wrong,as usual. Rayrac,the shorters won't need to paddle here,it looks like they can go with the flow! :)

[datait] 10/3/2016 10:10

lol 12bn you can talk about buying as it falls you have been doing it since 6p in kibo and .4 in xtr hahaha you must be really hurting there.

[datait] 10/3/2016 10:09

Stephen Sanderson, UKOG's Executive Chairman commented:

"The Horse Hill well still continues to flow and perform above management's expectations. Higher flow rates and markedly better crude quality than the Upper Portland oil from the nearby Brockham field make the HH-1's commercial prospects very real. We look forward to the results from the optimised pumping programme."

[rayrac] 10/3/2016 10:07

Not so, they don't like to paddle!

[12bn] 10/3/2016 10:06

Guru Datait,how is your purchase here of 98384 shares at 2.5350p doing,'ya fanny'? I suppose you called 'it right' with that buy! :)

[datait] 10/3/2016 10:06

Never mind 12bn once you see just how right I am you can put me on filter like you normally do hahahaha I know you cant take it when im calling it right.

[12bn] 10/3/2016 10:03

Rayrac 10 Mar'16 - 09:54 - 1547 of 1550 1 0

There's a lot of money south of London and some of it is trying to push UKOG down.

It will fail if the situation is genuine!//////// Wow,if that is true the shorters will take this down massively.

[datait] 10/3/2016 10:01

pmsl yeah thats why they have moved up from 2.2 to 2.25 ya fanny lol