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When trading at ukog last week, a weird phenomenon occurred: 1 minute before the end of each trading day, there was a sellout of 4 million shares, driving down the original rising stock price. Obviously, mms is manipulating the stock price. MMS 'intention is to suppress the upward momentum of ukog in order to obtain low-priced stocks.
Mr008 the MMS will hold the sp.low in advance if expected good news. Should be a great week and all holders ignore the de rap crew richie. Etc they are just noise. Glh
Mr008
I'm sure that you remember what happened after the last lot of borrowing happened & was cleared after BB in the summer of 2018.
I could well happen again to a greater extent this time with 86% of HH owed & & growing revenues.
Let's look forward to this larger percentage share asset & revenue growth making UKOG flourish.
I wonder if SS has enough money left to sort out this water problem,how long is it going to take with less tankers going in and out the money must be running out,and we all know what that means.What do you think Pboo has SS got enough, I know how people in here depend on your expert advice.
Baits
UKOG have far more money in the kitty than UJO
Steptoes you will be drawing your pension before they make £20 million a year.I wonder why the raised another 2 million has you say when they are flowing oil,what is it 250 barrels a day, how much do they need to flow for £20 million a year.They are not flowing enough as it is to pay their way.If you think they have plenty of cash you are deluded.
Baits
UjO have alot of expenditure over the next 12 months and they have no control of how it is spent, Rathlin are in charge.
UKOG are in charge of expenditure.
UJO only have a 27% interest against UKOG 86%
UJO are flowing no oil from West newton A or B wells or Wressel
UKOG have tankers leaving most days and generated approx 3 million of income already.
UKOG have drilled HH2 and have small water problem which ukog say is easy to fix.
HH2 flowed in the test the equivalent of 600bopd
UJO have alot of catching up to do.
UJO is still good for a trade now and then.
Pboo you make it sound so good 3 million in revenue already but still they are not covering their costs as SS as already said,words from his own mouth.And the cost of getting 86% money gone and will need to be replaced.Water problem to sort out first before they can move forward it will cost more money.Does not look that overwhelming to me.Very poor expert advice Pboo you need to do better.
Where is the 1200 barrels a day coming from Petercraigscot only about 250 at the moment.No good predicting things where is the proof.Why over the last few months as nothing being said about the Kim which is supposed to be the company maker something not right there.Why are they trying to get what they can from the Portland and not the Kim,I would spend the money on the biggest payday first would you not instead of spending it on the second choice.If they can get as they say twice as much from the Kim why are they not doing that.Just asking.
The Portland will produce oil and is a money maker which in turn will help fund the kimmeridge drills ,,, so Portland first ,,, then hopefully the Kim will be next
UKOG have 25 years to develop and produced from both the Portland and Kimmeridge - These things take time and good planning is vital to ensure that the wells produce at an optimum for as long as possible.
Don't listen the rampers/derampers just read the RNS, DYOR and invest what you can afford to lose. End Off.
inrhubarb according to SS the Kim would produce more Oil so more revenue to get the Portland drill done why as he done it the other way round.If the horizontal well did not work in the Portland where would the money come from to get stuck into the Kim it does not make sense.The more Oil they produce the less likely they would need to do a placing.So the vertical and horizontal wells in the portland are not producing as much as the Kim could do on it's own,why not the Kim first is there something they are not telling us.
Not ramping anything Steptoes. I hold UKOG shares as you do.If there was more Oil coming out of the Kim than the Portland then the revenue would have been greater would it not, so as far as I see it SS cost use another placing by going after the Portland first.Why would he do that I keep asking myself.If he knows there is Oil in both wells surly you would go for the biggest earner first to ramp up the coffers.
Weald has been obtained very cheaply by SS, Yes dilution has taken place but all without producing actuals from the KIM. Once UKOG have 100% and Portland producing the Kim will be unleashed!
Baits
At least UKOG are generating cash towards cost.
UJO have little or no income, just a total cash drain.
Your right about generating income towards costs Pboo, unfortunately not enough to stop another placing soon.
Report away Steptoes, the evidence is staring you in the face,if you can not see that then good luck to you.The amount of oil coming out of the ground is not covering the costs of EWT even SS said this from his own mouth.
Re placing scaremongering, according to the terms of the Riverfort / YA Loan, a further £4.5m could be made available under the same terms if required. Wouldn’t be ideal as I would prefer to see some solid cash flow from the two wells, and it is a kind of dilution, but the conversions are restricted. RBL would obviously be much more preferable.
This is an oil and gas company. If you are invested you must know that the most expensive time is during drilling operations. Unlike most other companies our well is producing oil revenue during the drilling operation, and we are fully funded for the drill. Things seem to be moving along nicely.
Pboo you talk of all this oil leaving HH all that pays is wages and running costs where's our money? With eventually 10 billion shares in issue I'm struggling to see any return for us
I am invested in both companies one more than the other.But when people from this board who hold no shares in UJO go on that board and **** the company off it needs addressing don't you think.I am LTH here and I mean LTH because it will be a year or two before I sell UKOG shares unless something really dramatic happens.Why people in here are not content with their lot they find it necessary to go on other boards ****ging that company and share price.For what reason, does it make them feel good or something.It will not alter anything so why do it.They do it because the Admin allow them to do it just as they allow me on the odd occasion to fire back at them.Be a good idea if Admin see this happening is to stop it in its tracks before it gets out of hand.Pboo,Steptoes and a guy called piper on ujo constantly day after day for what purpose do they do it.If they hold no shares why post on that board.
TollesburyStu I respect your opinion but their posting on UJO board is not called for,it is relentless and should not be allowed by Admin.
All the peoples who said they was waiting for it to drop to the 7's to get back in got hung strung and quartered by you lot look where we are now no sign of it stopping either
Not strictly accurate, Sparticus.
23Dec I bought at 0.7849p
30 minutes later I sold at 0.9001p.
I did my own research and didn't listen to the ramping/de-ramping, as I've done for the last (almost) three years.
But I will concede I have some short-term concerns that are preventing me from risking any more at the moment.
Long-term I see a higher SP, at different levels, depending upon different timelines.
The price today, is not necessarily any indication of the price tomorrow.
Hasn't been for the last three years, won't be for the next three.
:)