Member Info for andyrp

The have been far too many opportunities to average down but the way the sp keeps falling you just cannot keep up unless you constantly average down. There comes a time when we expect to see the sp increase and I feel a groundswell of PIs are reaching that point.

Feeling so aggrieved this morning I’ve emailed UKOG to express my dissatisfaction with the sp and constant dilution.

More shares would seem to be the SS preferred approach, why use your own cash when the shareholders can pay for it!

Calculating total new shares at discount and existing shares at current sp means new share price should be 1.192p. The trouble is how the market will react to the 1.05p placing - does 1.05p represent fair value?

Personally I’m getting tired of this share now, it’s starting to feel a bit like “all bark and no bite” as well as “talks a good game” but I now need to see something that makes it clear SS is working to deliver value to the benefit of the shareholders.

20p party? Anybody?

Chance of closing above 20p today? Was hopeful we would break 20p yesterday given the steady rise throughout the day; perhaps today will be the day. 20p feels like a bity of a milestone at the moment and hopefully if we break through 20p we will see further sp increases.

Simply looking at the number and value of buys versus sells this morning alone would suggest some sort of intraday increase would be warranted.

The price will start going up before the news hits; seen it too many times now. An unexplained price rise will be the sign that the news is imminent.

I think both RNSs are good but I don't like the Chairman's statement in the Annual Results RNS; the wording is too colloquial for my liking and you certainly would not find the Chairperson of GSK or other blue chips using language like that found in the UKOG statement. Anyway maybe that's the way they are in Texas so each to his own!

There is also statement in the annual results which states "cash funds available to allow it to continue in business for a period of at least twelve months from the date of approval of these financial statements". Whilst this is positive it is worth noting that this is a standard statement used when the auditor has assessed that there is no material uncertainty that the business would not be able to continue to operate as a going concern. Incidentally only last night was I was reviewing accounts for another company (not a listed company) that was loss making, had no assets but the Chinese parent company had provided a written guarantee of funding to sustain operations for 12 months. The accounts had exactly the same statement as UKOG as that written guarantee was sufficient for the auditor to demonstrate the business could meet its financial commitments.

Reference to securing debt against the reserves (once proven in the CPR) is good as that reduces the risk for dilution. It seems evident that whilst the company has enjoyed the liquidity of the shares and the funds raised it also recognises that dilution is not in the best interests of those very shareholders that have enable the previous fund raises.

Some other real positives which were reiterated for the future are revisiting Broadford and more significantly the Arreton discovery which represents UKOGs biggest proporitoin of reserves and could be a game changer with successful testing.

Things continue to look good for UKOG and now we just need to see positive market responses when UKOG release a good RNS.

I'll continue to hold and increase my holding as funds (and the wife) permits but only to the extent of what I can afford to loose and as always do your own research..

Are you joking? What potential upside is there? The RNS said the well was plugged and abandoned and there are no other real prospects for RMP.

Comments like "good upside potential ahead" sucker in those less experienced investors to create demand for shares and drive price up to create an opportunity for more experienced investors to get out at a better price. You see the same language all over these LSE boards (potential, tick up, boom time, wouldn't want to be out over the weekend etc etc)

I'm out at a loss, it was my first share in an oiler at such an early stage of exploration and I only gambled what I could afford to lose but it still stings nevertheless. Could have stayed as the damage was done but had I done so I would today be looking at walking away with half of what I did earlier in the week.

In my opinion this company is finished and only the foolish would invest here.

Unlikely to do so as the market makers will set the opening price before the market opens.

Could be a good day today!!!

But price back down to where it opened this morning. Surprised really because the last time this share appeared on the top risers everybody jumped on the buying bandwagon.

I’m finding that some of the more recent RNS are reiterating what’s been said before, almost like ”in case you missed it before”. Whilst some people talk of the RNS news being built in to the current sp I think many miss the fact that uncertainty and risk is also accounted for in the sp; RNS like this helps to remove that uncertainty.

No doubt the TV coverage yesterday has been positive for UKOG and at least raised awareness of the potential of the company, However, I'm curious to know peoples thoughts on the planning application and any associated risks based on other similar applications. Personally I see it as a small risk (because the full production is not approved) but then can't see it being declined giving the benefits to the local economy and the site does not appear to be intrusive. What do others think? Thanks.

other than a patent being granted for one of their products within a significant sized market!

oh and £1 is a nice round number and may trigger some automated sells for people who bought in at the bottom (unlike me!).

56%

Patent issued preventing other pharmaco’s from copying this innovative method of delivering the drug in a controlled manner. Share price up 9.3% but DNL not listed on any of the share risers lists (LSE, HL or the actual stock exchange website); no wonder it doesn’t seem to get much attention!

When this share dropped from £6.00 I bought in with a relatively small number of shares. I’m new to this so wanted to trade the eventual bounce; by the time I got to work that morning I had made £300 profit. Not a lot but equally not bad for doing nothing other than taking a risk. It was great how the share chat at the time was “sp has been battered”, ”sp fall has been overdone” etc etc. Now we have seen another fall and another bounce and we are getting the same theme to the chat messages as I saw in October 2018 although not seen “tree shake” yet! Only experience tells me that this share is as likely to fall as it is too rise.

Of course I want it to do well, I’m invested, now sitting on a paper loss but also confident I’ll evetually get back to my buy in sp.

Key lesson is do your own research and only ever invest what you can afford to loose.

Happy New Year!!!!