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#UKOG #UJO comparison @Oilman_Jim @JohnRogan9
SS ‘salary’ circa £750k overpaid x3 in a peer comparison basis. DB salary circa £200k.
UKOG issuing shares on a near monthly basis. UJO placing yearly.
UKOG not adding shareholder value. UJO adding shareholder value.
SS ‘salary’ circa £750k overpaid x3 in a peer comparison basis. DB salary circa £200k.
UKOG issuing shares on a near monthly basis. UJO placing yearly.
UKOG not adding shareholder value. UJO adding shareholder value.
UKOG likely low on cash and will need to place again soon. UJO £11m in the bank.
UKOG SP locked in a long term downtrend. UJO SP broadly at the same level as five years ago.
UKOG SP locked in a long term downtrend. UJO SP broadly at the same level as five years ago.
UKOG investors likely in the red, some nursing 90% plus losses. Very little, if any, hope of recouping losses (Turkey needs funding). LTH’s of UJO not in the red.
#UKOG’s main asset is Horse Hill and that is proving to be sub-commercial. Now choosing to refocus on Turkey.
#UKOG’s main asset is Horse Hill and that is proving to be sub-commercial. Now choosing to refocus on Turkey.
UJO’s main asset is its stake in WN. WN-B1 is currently being drilled. Wressle is also due to begin production before year end and Biscathorpe will be sidetracked in 2021.
UKOG used 2D seismic at HH. The JV is using 3D seismic at WN.
UKOG used 2D seismic at HH. The JV is using 3D seismic at WN.
UKOG have, to date declined to produce an updated CPR for HH. The 2018 Xodus CPR for HH stands in contrast to the Deloitte CPR for WN.
UKOG have needed to resort to death spiral finance. UJO have had no difficulties raising.
That does bring us to the financing.
UKOG have needed to resort to death spiral finance. UJO have had no difficulties raising.
That does bring us to the financing.
We all know what’s gone on around the placings. I wouldn’t expect UJO shareholders to be impressed with the shenanigans.
