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Mirasol. You obviously have the worst investment strategy if you can not understand where UKOG are going very plain to see UP Happy Days Ukog United and notice one by one the Trolls have all been buying in smart move. Ukog United
10pTymers "the recent rns's huge uplift"
It was one hundredth of a penny 10pT - you need the Hubble telescope to be able to see the gain...............
6 wells lol how much more dilution do you think that's going to be we still got 2mil to pay of now for a well that's shafted imo
I agree but i would be a !or happier sitting back if I wasn't stuck at 2.74p . Hey ho
Agreed Tymers, I was lucky enough to have some spare cash at the start of this week and pick up some more at this oversold price. Anything below 1p is a gift thanks to the trolls and swampies for driving this down.
I'm not selling one share until UKOG are up to full productions.
SIX wells to build at Horsehill
Planning for Dunsfold/Loxely already recommended to approve and then they can crack on building 5 to 6 layer wells in the sweet spot. That's going to be a huge game changing. They have all the knowledge and experience of what works and doesn't in the Weald now. They just need the permission and time to apply it. HH-1 and HH-2 will bank roll operations going forward.
Happy to sit and watch this mid-cap oil and gas company evolve now.
GLA
Ukog has for me been looking great look past the smoke and mirror the Trolls comment on and just look at the what is happening at site and the recent rns's huge uplift Ukog United
And the whole thing is already priced in and hence why the share has been oversold for so long.
Now BIG BERTHA is in place they are going to be ramping up profits.... maybe even pay more of that loan back in cash like they demonstrated recently.
This company has a very very small loan compared to assets and other companies.
Once they get HH-1 into production in the coming weeks they'll be a big step closer to that all important CPR and proper financing from banks.
Let's get the cash stream up and running first though.
I guess they'll have in full flow over the weekend.... wouldn't want to be out and miss the rise next week!
Looking very good chaps.
Totally agree, it's always been about getting the oil out the ground, and we are very close to it now. Share price 1.5p with 5.5m debt. Now almost there with just 1.8m debt and share price 0.25p.
Its huge for ukog to reduce and as we see its moving quickly a lot of uplift ukog united
Pleased to announce???
Well i doubt any sane investor is pleased to hear !!
Debt doesn't have to be paid until 16 August 2021. However good to take debt down from 5.5m to 1.85m.
What is the difference between the 'Further loan balance reduction' & Loan balance reduction' RNS's please? Is it simply that the 'Further loan balance reduction' RNS is us (UKOG) instigating paying down money against the loan and issuing the shares to YA? and the 'Loan balance reduction' RNS is YA notifying us (UKOG) that they are requesting more shares against the loan for however much they want to convert? Sorry if I have interpreted this incorrectly. If I am correct, why would UKOG look to pay back money at such a low share price? Why not wait til the share price was higher meaning less dilution... Again if I am barking up the wrong tree apologies. Can someone clarify in layman terms if I am wrong please. Cheers Welsh.