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UKOG's share price continues to reflect the disappointment of Broadford Bridge.
The arrival of the rig will help turn heads towards the future and the prospect of healthy cash generation and less reliance on placings.
Best wishes to all invested (or thinking of investing) in UKOG.
If AIM is good enough for ASOS, Fevertree etc, does that mean we are bigger than them?
It happens chap... see ASOS.... you'll find similar examples in the oil and pharmaceutical industry.
UKOG is currently oversold and devalued. Add up all the assets, scale up the success time and time again and you'll get to £1 fairly quickly.
Analyst will do their sums on CPR's. II's will get interested and we move to the FTSE mid cap market. Good bye AIM we're too big for you now!
GLA
So you reckon it will be worth 7 billion pounds in 2 years???? LOL. Now worth 80 million. 88 bagger I don't think so some how.
Bornagain.....in two years they'll be producing enough oil for a trippli figure SP..... double figures by Christmas with HH2 in full flow and OGA production licenses issued. GLA
So am I right in thinking.
If the rig arrives after hours today we have planning permission for 7 days so the lads can crack on through the weekend.
Edge of your seat stuff this!
Imagine Monday morning.
Exciting times!
GLA!
All will eventually happen that’s a certainty, the only ? Is —-will enough oil be produced in one or two years to take the SP back up to at least double figures, I would be very confident.
and a 5m trade at 1.25p
Some one had to say it,I would not like to be out of this at all. GLA.
Greg
That's what I saw. I agree its not nailed on as ours.
cheers
Joker.
About 6m buys across 4 trades - that's better!
TKR
I did a detour to BDF on my way back to the Midlands. I saw a Rig vehicle in their yard being prepped for transport, at about 3.00pm. I assumed it was for us considering the time line of our requirement.
BDF have a couple of sites next door to each other with different sizes of Rigs and equipment, but this vehicle looked nearly ready to depart somewhere, and I assumed it would be HH. That's all I saw and not enough proof to hang your coat on though.
someone had to say it!
Lets see shall we ;-)
GLA
More hype!
oilybloke,c,mon spill the beans please.GLA.
oilybloke - Maybe but almost certain tomorrow 08:00/13:00 - Then it gets interesting.
Goldforefinger;
Today from what I saw yesterday afternoon in Nottingham
This weekend.
The chart is now looking strong with anticipation of the rig arrival.
1st time in months that the 200ma day has held as solid support and is trading above it.
The 100ma hour is lifting and we are sat right on it.
Once cleared 1.25p onto 1.30p the next leg up. And so on!
GLA!
I think it’s more to the point that when the eyes on social media post the picture it signals a massive drilling campaign is about to start.
6 more new wells.
3500 bopd ££££££s.
We have 400+ bopd two tankers a day on a choked back single well.
That’s where the excitement is.
Exciting times!
GLA!
US - you make a fair point. Although I fear in this day and age of comms and social media people need to see a man walking away from a rig covered in oil on a video before they might believe.
Having held shares in UKOG for many years now and a reader of lots of the posts which normally starts my day with laughter and also having been in the markets as an employee for 40 odd years I am amazed at the importance of the arrival of the rig. UKOG is a company that drills for oil. Unless we have been lied to for the last 4 years we have found oil and plenty of it and at some stage we will have a rig in place to mass produce therefore I don’t see why the shares should spike on arrival rather than spike when the cash rolls in at a much later stage