"the acquisition will not go through if the current planning appeal in relation to Dart’s Airth CSG Project is refuse" - so that tells you that IGAS put the whole value of Dart on the Airth well and don't want a worthless acquisition. Seems like a smart contract clause to me. Win-win for IGAS. On the one hand they buy Dart at a steal and if Dart goes belly-up then they wash their hands. A no-risk proposition.
Whatever gave you the impression that buying or selling 25000 shares, either all at once or on the drip, would influence the share price. A million shares might cause a little blip one way or the other but £25000 pound's worth wouldn't even cause a ripple.
Buy 5 lots of 5000 shares. Make 20 sales £250 in a row to depress the SP then dump 20,000. Collect reward at £100 per point. £100,000 made. Easy money. And always easier to go short than long on spreads because people sell on fear but only buy on news. The SP will drift downwards as it always does until news in Aug and Sept when it will shoot up. Problem is that shorters know there is no real news until then so can play with the SP until then. (Only a prob if you need to sell though!)
announce that the Company has today conditionally agreed to acquire Northern Petroleum Plc's ("NOP") UK production and exploration oil and gas licence interests, for a total consideration of £1.5 million (the "Investment"). Further amounts up to a maximum of £50,000 may be payable in respect of net working capital of the Investment calculated as at today's date. All revenue as from today will accrue to UKOG.
NOP's UK oil and gas licence interests comprise: A 10% and 5% working interest in the producing Horndean and Avington Oilfields, respectively, in the Weald Basin, both of which are operated by IGas Energy Plc ("IGas"); a 50% interest in two further exploration licences in the Weald Basin; and a 65% interest in the offshore licence P1916 which flanks the western part of the Isle of Wight. In the year ended 31 December 2013, the Investment's average daily share of production amounted to approximately 20 barrels of oil and turnover and gross profit amounted to €591,000 and €345,000 respectively.
David Lenigas, the Company's Chairman, commented: "This is a significant new investment for UKOG, as we continue to grow our presence in the UK and provides UKOG with a direct interest in oil production. We look forward to working with IGas, the operator of the Horndean and Avington licences. These new assets complement UKOG's existing Weald Basin investments in the producing Lidsey and Brockham Oil Fields and the prospective Horse Hill-1 well."
Terms of the Investments UKOG has today conditionally agreed to purchase from NOP the entire issued share capital of NOP's wholly-owned subsidiaries, Northern Petroleum (GB) Limited ("NPGBL"), NP Solent Limited ("NPSL") and NP Weald Limited ("NPWL"). NPGBL, NPSL and NPWL hold the following licence interests:
Agree, there will be blips on news. But, as you say no 180. Its profit on the surface that matters and they are a long way from making a profit on gas, yet. I would hazard 145 to 150 if Barton is sound, but it will soon go back to 130 isn afterwards. There would have to be a lot more news, than we have at present, to sustain 180
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