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I must admit I don't see a huge relevance in continually posting today's oil price. I mean, gold's up today by $6.30 ish per ounce.
Fantastic! Party time! Now if only I had any meaningful amount...
QUOTE
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Lucky-Strike
Posts: 517
Price: 0.205
No Opinion
RE: Oil price $75 ----> $100
Today (23Jun21) 11:45
The shorters are concerned , why else would they be here ?
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UNQUOTE
Oh, the unwitting irony!
As I've said before, the IQ on this board falls a little bit more every day.
"Not sure if everyone has seen this RNS"
They must be illiterate then - you post it every hour................
Good afternoon luckystrike.
I note your comment "Shorts must be on fire after the recent rise"
This has been an oft repeated claim as UKOG has been on a general downward trajectory for years, partly due to enormous share based fund raises;
FYI here are some numbers to consider;
Last 4 years fund raises;
19.5.17 £6.5m placing
15.11.17 £10m loan
15.6.18 £5.5m Placing
2.7.18 £5m placing
4.7.18 £2m placing
27.3.19 £3.5m placing
7.8.19 £5.5m loan
2.12.19 £2m placing
28.4. 20 £1.275m placing
4.6.20 £ 4.2m placing
2.10.20 £2.2m placing
Total £47. 675m
And very soon; more shares will be created.
Traders have made some money, BUT ,UKOG has not proved to be a great for long term holders;
Good luck with your strategy .
TH2 reported for claiming "Iraq size opportunity", read the RNS man, it's a small play. Not an Iraq size play whatsoever. Please go educate yourself. It's peanuts by comparison.
Whereas I notice that Lucky Strike can't even tell us if he's invested? All he can do is endlessly spam the bulletin board with copy n pasted RNS extracts.
Why is that? What's the agenda?
Not sure if everyone has seen this video:--
https://www.captiongenerator.com/2267741/Drilling-for-oil-in-Turkey
Trollhunter: “Director interests are now aligned with share holders with their share buy plan so it's in their own interests to get it as high as possible and reduce dilution from here on.
It's also no dilution if its genuine investment to raise future profits / capital and expand the enterprise globally!!!”
Directors’ interests will be aligned with shareholders’ once they’ve bought significant numbers of shares and as long as they don’t pay themselves an increased salary or bonus to compensate them.
And of course it’s dilution. It could go into an investment handbook alongside the definition of “dilution”. If they’d borrowed money to finance such projects, that wouldn’t be dilution. Though it would be imprudent. Or impossible.
Annndd.....its time to turn blueeeeeeee.
...or the FCA will.
The most baffling thing is why do trolls keep saying they are placing at this price when there has been no indication that they are.
Director interests are now aligned with share holders with their share buy plan so it's in their own interests to get it as high as possible and reduce dilution from here on.
It's also no dilution if its genuine investment to raise future profits / capital and expand the enterprise globally!!!
Iraq size opportunity..... UKOG Will be a mid-cap oil and gas company in the blink of an eye.
Were you part of it at the start.... the children will be asking :-)
Yes, UKOG's commercial cases keep getting stronger and will massively impact the re-rate coming this way in the very near future.
Yep, L-S.
Doing wonders for my BP shares.
Shame UKOG cant benefit from it as well.
Been rising for months.
Odd UKOG hasn't, isn't it?
:'D
Oil price trading comfortably up above $75 today.
Predicted to hit $100 around year end and trade there through 2022.
Perfect for the thousands of barrels of UKOG Turkish oil :-)
So cheap to get a piece of that action here still.
GLA