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2-3 yrs,do us all and yourself a favour,and ****
Iran is reacting with increasing desperation to Trump's maximum pressure campaign.
Let us hope for both peace and ... a firm oil price!
At least we have a consistent revenue and it is a matter of capitalising on that oil production. If Trump plays his part with Iran and sanctions their output......we may have something special in the coming months.
2 or 3 years
Purchase of Tellurian's 35% of HH, planning permission for production at HH, arrival on the site of the rig, as a long-term investor am feeling more relaxed about UKOG than in a l o n g time.
A rig arrives the sp doesn't just blast of as ya selling and yes investers buying this is all about oil out the ground and we have 25 years of it! Couldn't care less about today's value this will only increase in due course glh
Thorpedo...Exactly The Rig arriving wasnt news it had already been RNS'd that the contract was for the delivery in September...but how many posters on here have been ramping the daylights out of the rig arrival 2-3p and such like??
6.5m, buy or sell,does it matter........? gla.
Its a sell 99% that it is YA. They should have got through £150K on Friday and another £150K today.
The Rig arriving wasnt news it had already been RNS'd that the contract was for the delivery in September. On no news days the SP should creep up as the Drill, CPRs & Production get closer. Big news days SP will hold there own as YA will sell in to them. They need days of 85m to clear £150K.
Ohmetoe I think the answer to your point is partly explained by the sort of behaviour advocated in the reply of Handy111. "big buy after hours,,.....,buy on the rumour and sell on the news,!!!!"
25 years ?
So the rig is up, what is the estimated time when production comes into full stream.
It's not gone down, it has remained surprisingly flat though. The news of planning and now commencement of the drilling campaign is great news. And yes it is the selling by YA that's keeping it down but that will only be the case for so long. Buyers are just as happy to mop up the share as YA are to sell them at around the 1.25p mark.
My thoughts are the same,,big buy after hours,,hopefully this week it will slowly rise ,,buy on the rumour and sell on the news,!!!!
Can someone enlighten me why this company moves forward the SP goes down??
Planning approved SP drops.
Rig arrives SP drops .
YA are obviously selling but is it effecting the SP that much that big news is irrelevant!!
Well it just goes to show that 90% of posters ain’t got a blooody clue what this share is goin to do Rig arrival ooohhh 2p
Well where’s that then lol
in term of sale of EWT oil no difference to value per barrel. Argus is probably referring to the expected step change in oil volume/ therefore revenue. An updated CPR for the Portland is expected following HH2 and finally one for the kimmeridge should also follow HH1z. These should go in UKOGs favour and have a positive impact on the SP. Declaration of a commercial kimmeridge find will be big for UKOG.
Thank you for your reply Argus1
I'm guessing that stands for "Extended well test" but not sure what it means in terms of income generation for them.
don't they get the income from it?
if they do... why has the price gone back to 4/5p?
PiranhaLires, that was oil from the EWT. Not production oil. Millions of £££'s worth.
You say... "Price change once we are in PRODUCTION"!
how many tankers have left the site this year?
was it free samples or tankers full of water... price has only gone one way
Sept-18 price 2p now 1.25 just about half
Very interesting to see everyone feedback over the last 5 years since the good old days of BB, 1000% in just a few weeks! Oh, why didn't I cash out? Greedy! I remember one shareholder proclaimed he had become a millionaire and we started a millionaire group. Now he's probably back to £100K (If that) As is stands I'm a long term holder, that's what I keep telling myself. How long, is long? Has UKOG already sold is soul, or has SS played a game so good, fruits will bear for all? I'm hoping the latter, the results so far are all positive, the share price is negative because ..... we have sold our soul, maybe? It doesn't actually matter, because if you truly are a long time hold its all about the future dividends! let's hope no more shares are issued and cash flow improves once in production. good luck to all, especially DHC (maybe he'll find a companion in the near future)