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Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Uk Oil & Gas Share Chat (UKOG)



Share Price: 1.025Bid: 1.00Ask: 1.05Change: 0.00 (0.00%)No Movement on Uk Oil & Gas
Spread: 0.05Spread as %: 5.00%Open: 1.025High: 1.10Low: 1.00Yesterday’s Close: 1.025


Share Discussion for Uk Oil & Gas




View all UKOG Messages

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Posts per page:

wizard125
Posts: 1,704
Opinion:No Opinion
Price:1.025
RE: Wiz
23 May '19
Gl now you have your motivation.

I hope you achieve your goal.

Peace of mind, Health & Happiness are most important.
 
warik
Posts: 564
Opinion:No Opinion
Price:1.025
RE: Wiz
23 May '19
I like to analyze and sell I never managed to do it sadly as not high enough to but this time around hopefully I will get it done.
wizard125
Posts: 1,704
Opinion:No Opinion
Price:1.025
RE: Wiz
23 May '19
Warik

I know there is a bolt for the door but I have not sold any UKOG shares yet.
Your other alternative is to set up a sale at a price which will automatically sell once that your target price is reached.

It may be easier to sell in smaller batches that all together due to liquidity at these times.
warik
Posts: 564
Opinion:No Opinion
Price:1.025
RE: Wiz
23 May '19
Just imagine 5m getting sold at 1.01 do you actually think when you see people selling off left right and centre at 2p or whatever you will wait you will do the same. This SP does not hold for a reason spike and sell out.
warik
Posts: 564
Opinion:No Opinion
Price:1.025
RE: Wiz
23 May '19
I dont think banks lend money just based on CPR or reserves etc as there is no guarantee oil will come out. They normally lend money based on track record and past profits which we have ZERO.

Therefore I will be in cuckoo land to think banks gonna lend say 5m per well when there are no profits and you dont own HH 100% as everytime all idiots will have to agree on everything otherwise we end up like Brexit our MPs dont give a shit about the country nor party.

Once we deliver profit for atleast 1 year with ongoing production then maybe bank will throw money at us not otherwise.

We may get more dilution before rig never say never happened last summer 3 dilution rounds.
wizard125
Posts: 1,704
Opinion:No Opinion
Price:1.025
RE: Wiz
23 May '19
Warik

If Ukog can borrow as discounted cash flow based on reserves, dilution will no longer be necessary.

Oil companies are valued on reserves not what is produced. (Oil in the ground & the recoverable %)

My hope is that the reserves will allow the funds to develop the 4 to 8 sites at the HH licenses of 3500 BOPD per site.

I understand your goal & wish you well if we get to 3p I would like to take some profits aswell.
warik
Posts: 564
Opinion:No Opinion
Price:1.025
Wiz
23 May '19
Why bother about debt or PE that's for successful companies not for our Mickey Mouse ukog.

PE is 5 or 500 does not matter what matters is the SP 3p that's my target will be happy with 2.5p too so just pray to God we get there and dont bother about the dumbos with their arguments. Not worth wasting your breath here.




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