Uk Oil & Gas Share Price (UKOG)

"compared to 'two tankers a day' HH-1 "

Only on Mondays and after Bank Holidays - it was 1 tanker a day on average

but that will be the crucial thing to watch out for - they can't store an awful lot of oil on site and they have to keep some space in case of an emergency. each tanker = approx 200 bopd

Got to be a record - 14:46 on a Friday and not a single "I wouldn't want to be out of this over the weekend".

Even the rampers have had enough

Sentiment and loan shares selling is hitting UKOG's share price, but that gives us a great buying opportunity if you believe and are confident UKOG can deliver as I do.
Sentiment I think is rock bottom with Angus' share price collapsing and UKOG's last drill not delivering as expected.
But we've been told already the drill has gone well so far. They hit target depth and even called it short because the signs were so good.
UKOG do need to deliver results to turn sentiment and bring in fresh investment, but all the signs are that they will.....70 times the portland exposure compared to 'two tankers a day' HH-1 and significantly less pressure depletion than expect.... it certainly should deliver.
There are a lot of eyes on this share so when they do deliver that initial flow news I guess that'll be the trigger that turns the tide....this could happen next week.
We may even get an update late today that the rig has left the site and well finalisation is happening this weekend ready for flow next week.
It's going to be a very exciting ride up from here.
GLA

That's 25% cleared in 3 months! not bad I would say.

I would say that they are cautiously optimistic that the SP is set to rise and outstrip what they could obtain from interest on the loan. Bearing in mind the money that they had available it shows caution . Of course this company is probably also party to special arrangements re prospects and results obtained so far. So, it is a bit of a boost of confidence in the shares overall