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Who cares about the failed planning permission, if gained it would eventually have been a distraction and more dilution to raise funds, the main concern is HH the Gatwick gusher is it going to produce much more than 300 bpd and bring in some coin.
Wasred or maybe you prefer to be called pinky? Just trading here. Short seems to be working which is why I suggested it's a gamble. Happy??
are they any chance the placing can be stop ?
Best to close and take the profit ?
Westie50, or Doris as we called our Westie, so your interest is it through a large or small investment or just ignorantly snide? SS,UU.
Just keep buying if you can handle the stress
Shell are in operation there i think it is called Shell Haven , After Broad haven Bay Rossport 5 come to mind any one can correct me if they know more , As far as i know the Irish Goverment sold the entire rights for 1million and said good luck if you find anything ; Twas 20years ago ? Loads of Oil & Gas still pumping polluted all the sunny sands and turned them black i could not believe until i seen it for myself G L A
People from Mayo are called Westies Shell are in operation in , I Never met a poor mayo man yet ;
The odds are better here than at new market
Sure, Qwerty.
I accept that.
I wasn't trying to start a debate.
Just pointing out that SP doesn't simply depend on asset value or Buys vs Sells.
Similarly it doesn't only depend on future earnings.
I hold Tesla, but don't anticipate their earnings reaching 25 times that of Toyota any time soon.
But that is what their SP would indicate, if future earnings were all that influenced that.
:)
Seadoc - I wouldn’t be brave enough to short Tesla - it seems to be the ‘darling’ stock in the USA at the moment.... bit like IBM used to be...
Share price based on future earning?? What rubbish. Try telling that to most mining investors.
Why on earth do people still gamble money here. You might as well put it all on the 230 at Newmarket. Probably more chance of success
Skwizz - you should know by now. Share prices are based on future earnings not today’s. That is why Tesla shares are so overpriced ...
Sageman, totally agree and respect your comments. Share price is a function of:
1. Sentiment - we have seen that this past few weeks, it can turn both ways.
2. Current performance - UKOG don't rate too highly here (Production & Financials)
3. Future Prospects / Forecasts - This is where you need a plan, track record and credibility...mmmmm
An example of what Sageman's posted could be found in Tesla.
A company that's now worth more than Toyota, but with less than 4% of Toyota's production level.
:)
Vista, a share price is also driven by sentiment and forecasts as opposed to actual production. So yes with the right news flow a 2p sp is possible in a 2 year period. But by the same token with SS at the helm (aka Billy no shares the great wealth destroyer) the SP could just as easily be 0.01p. When it was 0.5p I said I could see it at 1p or 0.2p sadly it was the latter.
How comes it was 300m million with no oil then??? can you explain ???
Sham,
I hold some and trade some.
My holding was averaging over 1p, but I've bought that down to 0.75p through trading.
I've also made a lot more than I've lost from holding so, essentially my losses are more than covered.
Don't listen to advice here.
EVERYONE has an agenda of their own which doesn't match yours.
My trading shares I bought at 0.24p and I will continue to hold for more trading opportunites.
Currently I have a Sell instruction on my platform at 0.3p.
I don't know when that will happen again but I believe it is possible and will continue to hold for that.
The others I will continue to hold and use trading profits to bring their average down as opportunities arise.
I'm happy to keep holding those though, either way.
If I can get my holding average down to current levels I'll start trading them at this level again.
Hard luck on getting in so high.
I think you may have been a victim of the Rampers on here (another reason to NOT listen to anyone else's speal).
DYOR (Do Your Own Research) and go with your gut.
There are not as many trading opportunities here as there were, but there definitely are still some.
Good luck!
:)
Sageman, to get to 2p UKOG (£216MM market cap) would need 3800 pbpd at $50 oil price and $20 all in cost. This is without applying a discount to NPV10 which all oilers have and with UKOGs record a rather large discount would be applied. Also doesn't take into raising capital/equity to fund the new wells!
Now, given where UKOG are, do you really believe this can happen in a 2 year period?
The company put out the bad news last week immediately after the council refusal decision for the Loxley test. I reckon it's best to hold since they will be appealing the council decision and it's likly to be overturned. The HH well is still being worked on and we should see equipment arrive to re-perforate it over the next month.
Both these will increase the sp as people take positions. Downside is fairly low at the moment since no one is going to sell at less than 0.2p without making a loss.
Sham, it is your decision but personally I would recommend trading tranches of them to lower your B/E. The sp is volatile and actually if things went well 2p is doable over a 2 year period as long as SS doesn't keep diluting and buying things that he doesn't need. However, the trend is down and it is extremely high risk. Your B/E is far lower than pretty much any long term holder other than Tymers who cheats , lies and deceives.
There are a few sells set at 0.21 get rid of them ...and up we go...
Come on the UKOG crazy bus and sit down, plenty of room. Been here years, got my average down to 1.08. so it could be worse!
mannnan
Yes M8 many as I can get @ 0.20
You have to give it a chance It will be back again soon