Member Info for Bridgedogg1

Looking at the Gaant chart form the most recent presentation the indication is that the 2nd Production Well & HH-1z Sidetrack is planned to be finished by the end of Q2 (note also states that this could be accelerated dependingh on rig availability but I think this bboat has sailed)

Test production HH-1/1z & HH-2 due to start at the end of Q2

....and then 2020 HH-3, 4, 5, 6 production wells targeting 1000bopd per well

So thats what? 9000 bopd? At $74 whats that per year?

Usual price movements with a bit extra zing. Floor still strong. Oil up 4% goes straight to the bottom line supporting fundamentals of the project.

Is there a rig under those tarpaulins?

Is that what you based your short on? Shame

Outside of AIM’s hardcore speculators – who, frankly, could be talked into betting over the contents of a hole in the ground in any part of the world - there’s been nothing like the enthusiasm for oil stocks seen in the earlier part of the last decade.

Think I might get in here?! Looks like £1.2b spending has created a company worth £47m? Should start reaping some of those paid for rewards over next few years.

The SP on here is showing a down tick due to the move in the estimated mid price since yesterday but the bid/ask have actually risen since this morning, so the price people are actually willing to pay has increased (all be it very slightly - 1% or so)

Completely ridiculous reaction to the non news. More cash in the bank and everything else continuing as previously advised....

People just getting p**sed off at not seeing the news they want when the RNS pops up?

IMO if there was a buyout now, at say 2p or 3p this would be an ultimate failure of the whole project.

At least the bid/ask is up slightly today. Trend continues, await news. As we've seen from the last little rise the large number of buys didn't proceeded the awaited rig/CPR news indicating that its a fairly tight ship. News could drop anytime IMO whatever the speculation regarding delays until the planning meeting. FMO? Maybe.

Good thing here is that the anticipated price rise should be news driven IMO be gradual with a few spikes up and down here and there, but as demand will reflect value added rather than speculation we shouldn't see these price levels again. Good luck all

Fourth most sold?

So the advice of all the moaners is for us to sell. Or you just want to vent your frustration by saying the same thing 20 times a day? What’s the end hand here?

OK we all agree with you. You are completely right. All of you. Please now stop.

True but 20 x 1m shares over time serves to keep the price steady hoovering up the shares of any numpty selling at this level.

buyer is back. Someone is accumulating a nice position at a low price.

I don't mind the payment in shares but it is a bit strange considering we just raised cash to pay for this sort of thing. Got to think the cash is for something else.

Apologies, I'm tired

Is it the same deramper posting on multiple accounts. Seems to use the same style of writing and suspiciously says something very similar across the current threads. Shorter or swampy I wonder. Obviously we wouldn’t want to change CEO at this stay.. that would be disruptive and counterproductive.. unless you wanted that... oh right I see.

Anyway got to assume these are sticky shares otherwise they would have taken cash.

What the hell are you talking about? The terms of the FO are not worth discussing until we see the terms of the FO? What have we all been discussing for the last 3 months? Of course no one wants a CR but refusing to discuss it because you don’t want it is a blinkered strategy. It’s a real possibility IMO. USUALLY you would get some cash consideration for expenditure to date - we don’t know how much or what the future cash requirement are though. Yes it’s speculation, just like everything else?

It’s a tiny bit of dilution for some clearly stated assets. Isn’t this what we wanted from the placing? Could have paid cash but looks like they wanted UKOG shares instead. Who wouldnt?

Could a placing be dropped with the farm out news? If the terms required us to fund some % of exploration, say 30% we wouldn't have enough for a conventional drill?

Also note the mention of a FO for Yukon, is the the first mention of this?

I know it’s not the true definition of a pump and dump but someone buying up a large shareholding which gets PIs in a Frenzy then the PIs get locked in at a high price and the share price falls to new lows certainly looks like a pump and dump to me. Everyone was happy to be in on it until they weren’t

Trades dropped down to previous range.

We have had a credible short/medium term strategy set out with a time line. This is being implemented and we are being updated as progress is made or each stage is realised. In two months we've had news provided on additional acquisition, 3x EWT updates, half yearly results, accounts, Capital Raising and AGM. We are currently finalising a rig contract and putting together a CPR. Whats the worry with news flow? The concern is the share price.

The SP has fallen because this is currently an expensive loss making enterprise with the ever present risk and often actual dilution to raise cash. The SP was way over valued (10p seriously?) as a result of a P&D - previous SP is no guide to future SP, let it go - If you are in a share hoping for multiples of the current share price you have to also accept that it can also fall by the same proportion.

Personally I would like to see the oil earnings for the group set out in a monthly RNS rather than having to pick through the accounts. Other than that, all good.