52 days ago
Last week Lyin’ Steve was arguing that Horse Hill Developments, the operator of the Gatwick Gusher was so profitable and pregnant with cash that it was able to repay a stack of borrowings to UK Oil & Gas (UKOG). This week we see just what a joke that all is. Today we have news on the deal with Pennpetro (PPP) run by Dave Lenigas the founder of UK Oil & Gas.
2085 days ago
Giving its piss poor drilling results elsewhere the future of UK Oil & Gas (UKOG) is almost entirely a play on the Gatwick Gusher, aka, Horse Hill, aka the latest mega ramp engineered by David Lenigas. Today UK upped its stake in Horse Hill by an effective 4.55% to 36.985% in a deal which only demonstrates more clearly how grotestquely overvalued its own shares are. That is unless you are using Leni-maths.
