Realistically11 Feb 2019 15:29
UKOG is not there yet guys. Partic as I am not yet armt break ecen!!!! The drilling will be done this year but we are not priven commercially yet unless I have mussed something.The hope value is 700 to 1000 barrels a day and if that happens then a further horizontal well could do u me that total.Note the words if and could. The co has enough cash to co er the drilling programme so no place g likely.In 2020 the co wants to prove up its reserves to borrow against them to finance so even medium term unlikely to be a dilution.There is mileage here and I do believe someone is building a position but talk if 10p is nonsense. We need to line up a lot of ducks yet for that to be the case. I do not believe though that sub 2p is fair value and realistucally 3.5/4p would be reflective with what we know at the mo