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IMO anything between 1.5p - 4p. It all depends on how excited everyone gets. Lets just remember UKOG have been producing, unlike others and its 2 production wells not just a test well like the other small oilers have been doing
Do people not realise how many hoops he's got to jump through to get this planning. If anyone's ever tried to get planning on here for anything slightly difficult they'll understand Sanderson's struggles. Councils change the boundaries and what they want constantly. Give the man a break, the rig is due. Ok his communication hasn't been great, but wait till that rig arrives and starts being assembled. we all know that the share price will triple, be patient. Rome wasn't built in a day.
When it spiked up to 10-11p in 2017 there was one well. I know there has been a fair amount of dilution since 2017 but.....this time they are going to be drilling not 1 but 2 wells and they're horizontals, hopefully planning will be approved for the further wells. Been proving it up and producing nothing but sweet clean oil !! This summer imo has a high probability of being something special. Good luck LTH, don't bottle it just yet this is the lull before the storm !!
2 years ago, This share dropped to 0.83. It then rocketed to 8p by August on speculation alone. Although there has been allot of dilution, They're pulling oil out the ground. I should think by August as long as the horizontal wells are in place, we should see 2.5 - 4p. GLA LTH
We are all probably a bit miffed with the share price at the moment, I sure am. But I keep telling myself the rig isn't far away and it will start to climb again. I get the feeling that share price is dropping like it always does right before it goes on a large spike, just like it has for the last few years. They seem to make them cheap, then make everyone panic sell ready for non Pi's to hoover up and dump when it spikes. IMO