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BUY PANIC NOW.... BOOOOOMMMMMMMMMMMMMMM FILL UP THOSE TANKS BABE
1,000 to 2,000 barrels of oil per day at £55 sport price = £55,000 to £11,000 profit per day x 230 days (deducting weekends and holidays) = £12 million, 650 thousand pounds to £25+ million a year! WOW
first flow news 4p
first sight tankers 6p
this could rise to 20p come production
any day now boooom 4p on tanker news
oil sales another boost ukog can profit millions every year
give ukog £10 million profits a year min, sp will lift, plus before then tankers rolling at will lift it
a tanker holds 3,000 US gallons, 42L makes up a barrel, thus one tanker holds 71b, at GBP £55 per b and 5 tankers a day over 150 days that's £3 million and that's based on only 357bpd / do the maths, if they pump double that per day that's approx. £12 million a year. and they plan to drill more wells to keep the flow going strong. If they press on it's easy to see how they could be netting £20 million + a year / do you think big investors can turn their noses up at this?
If they pump 2,000 bpd the we're talking major 2,000 x £55 = £110,000 x 230 days a year (deducting weekends and some holidays) = £25,300,000 (25 million a year) could be even more than this with many wells working
Buzzbuzz
but even with the new shares added this still may not dent the SP since previous added shares were bought and the SP moved up. This has now come to an end and once the oil starts to get sold the SP will rise notwithstanding these extra shares. Also it will rise on the basis of that oil being sold day by day, 300 + bpd is £20k a day min, that will add millions of value to the company if 600 (40k a day) or more per day than it's easy to see how the SP can be lifted and stay that way.
Okay to sum up where UKOG is now, let’s consider the facts
1. There’s been strong buying for several days now, despite dilution which has over powered the SP and caused
2. Leading to steading gains day after day overall with minimal dips.
3. Today we saw a surge of interest and some strong selling, though this was to be expected even SP almost reached 3p and no doubt many that had bought in at 2p ish would have planned to take a profit.
4. Still it appears the buying continues, and this is driven in part because the loans are out of the way
5. And the is excitement about tankers moving the first oil
6. That will flow certainly from the top layers as a start
7. And this oil will be sold at spot prices (and the oil is sweet: it must have been tested) and the oil price is high presently and looks look it will remain high for the foreseeable future
8. The protestors are likely to be kept away
9. We know that UKOG is working hard to get the oil flowing, they are not hanging around that’s for sure
10. We also know that they have plans to drill more wells to continue with the production plans
11. We also know that lower levels can be got at via sideway drilling
12. RNS news is flowing in on a regular basis
13. The 150 days has already begun UKOG have stated so it shouldn’t be long now before the flow begins and the oil sold.
14. We know that RNS news re flow has stared and/or tanker sightings is likely to send the SP to new highs
15. What else do we know?
wizard125
I think that "Chaebol" fella is more demented than me...but I still think it's a strong buy and the tankers have been booked. Does anyone know how much oil one tanker can hold?
talks better. It seems to me that UKOG are working flat out to get that oil flowing, I'm certain the tankers have been booked. You would need to book them in advance...It looks like UKOG is operating a smooth process and this is why DL has bought in.
FLOWATION WILL BE THE GAME CHANGER, THEY ARE NOT GOING TO SIT AROUND, IT'S LIKELY TO OCCUR FASTER THEN WE MIGHT THINK.
many new investors when the tankers roll out, his shares will not put any dent in the SP as it moves up
willowpillow
I suspect DL will hold out for the tankers to start filling up and rolling off to the refinery. He knows it's going to happen thus knows the SP is highly likely to go north of 6+ at least. I don't think he'll start dumping until at least 6+ and even if he does dump with oil being sold there's NO WAY ON THIS EARTH OR ANY OTHER PLANET IN THE WHOLE UNIVERSE THAT THE SP WOULD LOSE GROUND BELOW 6P+ WHEN OIL IS BEING SOLD.
does not matter because on good news, whatever the share price will be when that good news comes, the share price will rocket to 4 or 5p very fast, so okay if it goes down a lot until good news then good luck you buy cheaper if you can get in as the spreads widen and you struggle to buy, if the share price holds above 2p and then news comes it's unlikely you get a look in because share price could go to 4 or 5p in one day easy. you will miss the boat this is for sure and the tankers are most probably already booked given that they know roughly how much oil they are going to start pumping per day, I think they'll pump a lot, it's now, the time has come all the stars are lining up, Brexit, the gov, the courts are on side, oil price is high, the oil is sweet, refinery not far, this downturn today can be dismissed since a few big sells that's all, still finished higher and is making gains, holders will not sell and let this run away because they know they might not get back in.
soon, crane moved, pump in place...hold on tight watch tankers come
if you want out, then sell, go and don't deramp here since you have no faith, if you want to hold then hold, if you want to top up or buy then you better get on with it, because a few million pounds worth of buys from bigger investors will wash your doubts away.
Chaebolwork out the flow rates! that's all we need to know
just think, over 150 days flow testing, all those tankers rolling out, how can you doubt that the SP will not rise, it's going to be more intense than it was today and today was one of the busiest it's ever been since the rise from 1p. SP is moving up every day now despite loans and dumps, just wait for the tankers, the tanker alone will lift this to new highs.
Newboy58
I could have sold at 2.80 ish but decided to HOLD even they I saw the dip coming, since it was expected given that the loan conversion etc. I bought in at 2.48 but since the SP was moving up strong today I didn't want to exit and maybe pay more to get back in. You can only buy and sell so many times before the SP leaves you behind, and although I admit I did miss out in not selling and could have bought in lower, the fact remains that i'll LET THE TANKERS DO THE WORK FOR ME, the SP will lift again and I believe that more buys will come in since they know this is on the up and up. I'm happy that some made money but sometimes on some stocks at certain points you just have to sit back and allow the ride to continue. The SP is still up on the day even though I'm down but it's clear that this stock has a long way up to go it's early days. I believe the clever money is buying and holding from now on, we're too close to all that good RNS news to come to look the other way, some of the money I have in ukog now anyway was what I made trading it a few times, but as I wrote, i'm happy to sit back and watch as the SP creeps up a little every day, of course there are going to be mini pumps and dumps considering the size of shares but the steady up ticks will overpower them and many of the winning trades will buy back in at a higher price as you know I had a few times.
tankers rolling in and out.
it's only Monday, we'll hold the line, hold our nerve and wit for all the good news to come, we have had days up slow good % rises and I expect this will continue given that the good news is yet to come. It's already been stated that they know they can go for production at certain levels, the test flows will see tankers filled and sold on this news alone there is much more up tick to come from the pipeline.