To those that wish to listen16 Nov 2018 13:32
This is not a deramp.UKOG have billions of barrels of Oil that is a fact,and one day it will be producing that oil,but not for 12 months or more.I know it is getting oil out of the ground now but as SS said it just pays for the well tests and that is all it does.The presentation if you care to look at the HH2 piece says in the small print bottom left (subject to approval and FUNDING) the market makers have read this and believe a placing will come at some stage when I know not but they have priced it in the share already.With over 5 billion shares out there and the price dropping how many more shares will need to be added to fund HH2 you could be looking at well over 6 billion shares before they start producing oil from all three wells at HH.I tell it as it is I know some will disagree and give me 5hit but I care not been in AIM to long and can see what is going to happen.You have two choices sit and watch the share price drop or do something about it.I think you know what I would say next so I will leave it at that.GL to you whatever you decide.