The January 2018 edition of the UK Investor Magazine is now live: Nine tips, defending Churchill, and not missing Nigel Wray
Hotel Chocolat – interims emphasise “another period of strong progress”… but progress enough for the valuation?
Flowgroup – from has working capital “to grow” to working capital funding having been required in 5 months!
In his own words the tweets of the great man himself, Waseem Shakoor on 24 hours in the half life of UK Oil & Gas
Published 20 hours ago
You may say that fundamentals don't matter on the AIM casino. In the short run you are right - sentiment drives share prices. But in due course fundamentals always out and that inherent valuation mismatch is your opportunity to buy cheap, unloved, stock or to short over-promoted crap. And that brings us to UK Oil & Gas (UKOG), now just 1.375p after yesterday's disastrous news from Broadford Bridge. So what is it really worth?
Published 2 days ago
If it was not ouzo o'clock at the Sheriff's Greek bolt-hole after the Servision (SEV) debacle it sure is now after UK Oil & Gas (UKOG) fessed up to disastrous news from Broadford Bridge. We bear have been utterly vindicated but there is far worse to come for the morons who thought they knew better - the shares have slumped to 1.9p but they will now inevitably fall to as low as 0.5p in the coming weeks.
Published 5 days ago
I take issue with Malcolm's article of earlier. today His complacency really does reek of mad bull disease. I discuss that and how I am wearing a T-shirt in 17 degree heat - are you jealous? Then I move onto UK Oil & Gas (UKOG) the looming, I sense, not good news from Broadford Bridge, its very real financial crisis and how the shares could well be sub 1p by March. I think Lucian was generous in his earlier article.
Published 5 days ago
Last year I was involved in two rollercoaster rides, UK Oil & Gas (UKOG) and Cloudtag (CTAG). Having called UK Oil a sell at 3.1p, I saw it go to 11p. As I write it is sub 3p. In July when it was around 6p I used a WW2 analogy and suggested that the army of bulls had reached Stalingrad. To continue the theme it is looking like Berlin is all but surrounded.
Published 17 days ago
Does Lyin' Steve Sanderson of UK Oil & Gas (UKOG) know what month it is let alone what day of the week it is? I am only asking because of a statement he snuck out when all sane folks were not watching the screen, on December 27 regarding flow testing at Broadford Bridge. Remember that companies - especially those with stacks of death spiral loan notes to convert - hurry out good news and always delay bad news. So rewind to when you and I were focusing on mince pies, the man who specialises in porky pies stated:
Published 30 days ago
To lose 25% of your market capitalisation in less than a month looks a bit like carelessness but that is what UK Oil & Gas (UKOG) has managed. The real issue is that it is grossly overvalued on a fundamental basis - the shares should be sub 1p. The immediate issue is the news from Broadford Bridge. Or rather lack of it.
Published 62 days ago
The above piece, from the staff gazette of logistics compamy Hoyer (which was sent out three days ago) had the retail faithful in charlatan oil promotion UK Oil and Gas jumping up and down with excitement today as they marked the stock up 18 % yesterday and endlessly circulated it on Twitter.
Published 72 days ago
Wmeritus Professor David Smyth knows about geology unlike the morons who root for the grossly overvalued oil explorer run by a proven liar that is UK Oil & Gas (UKOG). The good Prof has produced a new report on what is really going on at Broadford Bridge entitled "Yet more codswallop from UKOG," Over to the great man....
Published 87 days ago
The providers of £10 million of death spiral finance for UK Oil & Gas (UKOG) are not daft. When this last resort funding was announced on 15 November they were initially on the hook for £7.5 million. That is a fair old whack and not surprisingly they are moving fast to reduce that exposure.
Published 92 days ago
There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.
Published 105 days ago
The one thing we all know about UK Oil & Gas (UKOG), the massively over-valued company run by Lyin's Steve Sanderson is that it has virtually zero cash left and thus needs to get a placing away ASAP. To that end one would expect a proven ramper like Lyin' Steve to be give us ramptastic news from Broadford Bridge on an almost daily basis. Instead...
Published 111 days ago
The bear raider and professional northern git has been tweeting frantically with what he believes is photo evidence that key kit has been removed from Broadford Bridge meaning that UK Oil & Gas (UKOG) cannot be flow testing the well. That would seem odd as UK Oil needs good flow data to ramp the shares ahead of the bailout placing it so urgently needs now that all its cash has been spent. Curiouser and curiouser.
Published 129 days ago
The shares are tanking said the PR man to lyin' Steve Sanderson, CEO of UK Oil & Gas (UKOG). How will we get the bailout placing away? I know said Lyin' Steve, let's put out a ramptastic operational update. And so lo and behold Lyin's Steve issued the release and the Bulletin Board Morons fell for it (again) and the shares zoomed from 4.05p to 5.35p-5.4p. It is placing ahoy.
Published 134 days ago
Please do not tell me that there is no insider dealing on AIM. Shares in Uk Oil & Gas (UKOG) were up and down like a whores drawers yesterday but it was more down than up. Then at 5.18 it announced an "operational update." It was and is bad news however lyin' Steve Sanderson tries to polish the turd..
Published 168 days ago
The word on the street is that - having raised £6.5 million (gross) at just 0.8p back in May - UK Oil & Gas (UKOG) has been so startled by the spectacular - and largely unwarranted - re-rate of its shares that it is lining up another, much larger, placing alberit at a material discount to the current share price. The shares raced ahead again yesterday as private investors again fundamentally misunderstood an RNS.
Published 172 days ago
I have reported before on the work of top geologist Dr David K. Smythe. Last time we carried his work of the various Weald basin drill programmes including Horse Hill & Broadford Bridge Andrew Bell of Regency Mines (RGM) "played the man" as well as the ball and slammed his analysis. I note Regency has been selling down its position not buying and so judge it by its actions not its words. Now we have a new detailed dossier on Horse Hill.
Published 195 days ago
UK Oil & Gas and its partners in Kimmeridge Oil & Gas have sought an amendment to their permit from West Sussex County Council to allow a continuation of drilling at Broadford Bridge. Top geologist, David K. Smythe, Emeritus Professor of Geophysics, University of Glasgow has submitted a detailed application which slams UK Oil & gas for, inter alia, lying about what it was doing and claims that it will have to frack to have any hope of making this operational commercial. On that basis he asks , in a detailed and damning submission, that drilling be halted at once. We have the full report below and it appears damning. The highly regarded professor states:
Published 196 days ago
Little Steve Sanderson of UK Oil & Gas (UKOG) is a slimy little git. Do you remember the BBC expose where he was caught on camera making claims about Horse Hill which he then denied making? If you have forgotten about that shameful eipisode here is a reminder. Now the Weald Basin circus moves on to Broadford Bridge and this time it is more about what oily little Steve is NOT saying. Natch it is bad news he hides. Here is the timeline:
Published 220 days ago
In April 2015, at Waterloo station I looked up and saw, on a giant television screen streaming live Sky News, the portly figure of colourful Australian share promotor David Lenigas making wild and, as it turned out, unsubstantiated claims about the ‘Gatwick Gusher’, the voguish oil play situated on the Sussex Weald. Instinctively, I reached for my phone and shorted UK Oil & Gas (UKOG) which had trebled to 3p on the excitement.
Published 244 days ago
There were some good entries for this edition of the caption contest, and it was a photo finish for the winner of captioning this photo of little Steve Sanderson of UK Oil & Gas (UKOG), playing host to anyone who was interested at the company's site at Broadford Bridge on the Weald Basin.
Published 245 days ago
It seems that little Steve Sanderson of UK Oil & Gas (UKOG) was hosting anyone who was interested at the company's site at Broadford Bridge on the Weald Basin. Just last week the Old Bill were arresting local protestors near the drill pad, so what is little Steve saying now? Suitable captions in the comments section below with a deadline of midnight tonight please.