Member Info for Bridgedogg1

Could do without these big sells at the end of the day.

Not really is it mate>?

Top shareholders before sh(t hit the fan
Shareholder No. of Ordinary Shares %
Zion SPC - Access Fund SP 73,177,015 13.64
Allan Gray Investment Management 42,381,305 7.90
Olalekan Akinyanmi 41,868,293 7.8
IFM Independent Fund Management 26,987,000 5.03
Capital Group 25,459,187 4.75
Baron Capital Management 24,910,309 4.64
RWC Partners 23,124,318 4.31
River and Mercantile Asset Management 22,490,112 4.19
Hadron Capital 20,688,553 3.86

Baron Capital Group, Inc.
From 4.64% to 2.8% yesterday

My first buy was at 3.2p but I've been averaging down today. Happy my average is below 3p now. Good chance for an intraday update tomorrow IMO

I did say the market had discounted HRZ. We don’t actually know we are going through the heart of it, we just hope we are. We hoped we were on the last two drills as well. Lots more data available now but still to be tested. HRZ has been such a disappointment I don’t believe it will add much value even on a good coring. Could be transformational for 88e in the long term but this is all about the conventional results.

Serious buys being made now that those sells have cleared

Surprised we haven’t had an update today, I was expecting one at 2pm. Maybe 3pm? Whatever I can wait.

Actually i said that if everything comes up amazing in all areas of UKOG portfolio in some fairly lalala land then they could hit that level again. I'm aiming for 2p there.

Took a little more on the dip

Freddie_M_Tash, really, something that wipes £45m off the mcap?
What could realistically be worse than the last rns. The only thing would be a low ball placing, very unlikely IMO but still a risk. Still at least that would add some value to the current assets.

I know its nice to think that this will be worth £1b in April as per the below post (12.7p) but that really isnt going to happen. With PMO involved there is huge visability on this drill and the share price has seen a nice sustained rise as a result. But the current share price reflects that the market already knows all about the drill, that there is proven oil in Stellar, they know our share of it, they know that more drilling will be required in 2021 to prove this commercial. However this drill is a big deal, even for a company of the scale of PMO, and hopefully will bring big rewards to 88e. Just bringing some realism to the party, sorry resume previous programming.

Yes i'd say vertical flowing oil in Stallar is worth around £150m to 88e. I'd also say that of the current share price around half, so 0.65p or £50m is a success Stellar already priced in. So a rise of £100m on success. I grant you there may be a spike, but when they come out and say 'it flowed at 200 bopd which is great for the project' the market isnt going to add half a billion on the market cap, IMO at least.

Thinking the exact opposite, the next update has to be an improvement on the last one right? I want to be in for that.

Even I'm not that optimistic.
1.5p at spud
+0.25p-0.5p positive(s) 1-4
+0.75p-1.5p positive(s) Stella

HRZ - marginal impact either way because market doesn't care about this anymore

This is me being realistic. Forget your fag packey calcs, conisder every other O&G exploration company and what the impact of a positive drill is. Remeber above positive on Stalla is + £100m. We still have to fund any ongoing work programs, even with the return of the subsidies money and PMO

This is the vertical flow test, assuming all goes well we will still need to fund the appraisal horizontal flow test. How will we fund it. What about paying for Yukon and HRZ analysis, wages, loans. Dont get me wrong we are in an amazing position but it wont be we hit oil so 400m x $4 on the share price, IMO atleast. Still a long journey to realise the value of the asset. For those willing to stay the course the payout could be massive but short termers, and dare I say it even LTHs may well look to cash in there chips in the run up, during or after this initial drill which should provide good exit opportunities.
I think multi-stage stimulation and flow test in Q1 2021 will be where the real value is.
I'm in but not committed to a holding strategy yet.

Boom 5m buy on the ask

Seems unlikely Woodstock, much more likely news will push this strongly one way or another in the very short term.

How does L2 look? some big buys holding back the attack on 3p

Just hit my average > <

A solid update will send it into orbit from here