RE: 3cardbrag9 Feb 2019 15:33
i knew you were no investor. just after a one night stand...
In Jan UKOG disclosed a target 2019 exit of 720-1,080 bopd with 2020 target exit 2,000 bopd. They have 5.6bn shares in issue at 4.68p giving a m/c of £93M.
Take PPC on the other hand, actual 2018 exit of 3,300 bopd and exponential rise targeted. With 1.1bn shares in issue at 9.05p it has a m/c of £97M, roughly the same as UKOG.
UKOG is therefore valued over three times greater than PPC and its value is derived from fantasy rather than factual. Which is looking like the better investment?
Of course, the heard are over at UKOG and therefore many will consider a quick in and out to pay for a pint at the weekend a preferred course of action.