I'm surprised we haven't had any of the usual suspects here yet telling us how wonderful UKOG's quarter of a billion placing is for Solo. About as wonderful as Solo's third of a billion placing, I expect. Glad I waited for UKOG news before taking the plunge. Might take the plunge after UKOG's next operations update (if it's positive). That would see a rise here.
UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) is pleased to announce that it has today raised gross proceeds of £4 million through the placing of 266,666,667 new ordinary shares in the Company ("New Shares") at 1.5 pence per share to funds managed by an institutional fund manager.
The Company will applyfor the admission of the New Shares to trading on AIM and such trading is expected to take place on or around 2 June 2016 ("Admission"). Following Admission, the Company's issued share capital will consist of 2,310,117,353 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the above figure of 2,310,117,353 may be used by shareholders as the denominator for the calculations
I appreciate your concerns guys... we are all on the some boat.... regardless of how much we have invested (my £13k might look like peanuts to some... but it might as well be £100k for me).... Anyways news must must be around the corner... some of the projects are going to mature and a revenue will soon be secured.... think about it if this share can rise to a penny on basis of potential... it must be worth more than 2p based on actual result (should they occur)... I do agree with those who will sell at 1p+... my target is 2p but lets see if that greed will cost me!....
GL to those who hold... and to those who give up; I think there will be further opportunities to invest at these prices in the future see you at the next wave!
It's a real shame about this sp as I and I expect many others were expecting some kind of reward from this by now. As the earlier poster rightly states ;there have been many projects with good news and this thing is constantly stuck in the mud it would seem. It's a few % up and then right back down. This would not be so bad if any rise just for once ;sustained long enough to allow us to sell at a half decent loss. Don't like to admit defeat, but have resounded myself to lose for what is to me too much money.
Gla who are going to hang on in with this to the bitter end.if I could, then I would stick it out as well.
Testing of the well head and commissioning gas for Songa is nearly 60 days into the 90 day commissioning phase with gas already invoiced. Once production is confirmed then the GAS will be booked as reserves, approx 5.6 Million to add to the balance sheet and market CAP, if we take up the full 10%
Horse Hill, very quiet on this front but a re-rate of Oil in place is expected and IOW?
This should help take the SP to a level that I hope helps the longer term holders find their price.
I'm with you guys on this. Probably like JoeCreed seems like we've been in this and Sound similar times.
Barring that short burst to 1.2p it's always been a damp squib. In all honesty I've never had any confidence in the CEO as he's never backed anything up in the time frames or even close to what he's suggested.
The same people (Elliwach, Guru et al) that were full of the it will get to *pence after whatever project have all but disappeared. They do have some decent projects but nothing moves forward here quick enough or it's not sustained periods of news to help the share price grow.
I'm another who will probably duck out if it hits anywhere near my average of .57 and run for the hills. I'm not expecting too much though. GL all long term holders I feel your pain.
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