Member Info for Brocal53

I stand corrected on my post about UKOG embarking on the next drill in 1st Qtr 2019--I referred back and it now says SPRING 2019
The first new horizontal Portland well, HH-2, is anticipated to be drilled in spring 2019 and to be put on long-term test thereafter. Upon the grant of the necessary long-term production consents, expected in autumn 2019, test production is planned to switch seamlessly into long term production, to be followed by up to two further horizontal producers and a reservoir pressure support well

Lot of hefty sells--DOR still??

Seems ANGS have trumped us?? The Annual Report states that the next drill will be in first qtr 2019--so not long to go and into April is a little longer--1st QRT is March?? We need news of this and GOOD CPR to get things going SP wise---I hope.

Looks like mostly buys this morning so far, and one or two hefty ones, ---sp down over 3%???? AIM never fails to confuse!

Have dipped in and out today as changing my internet provider to fibre optic, but the general consensus seems split--it that makes sense--many saying get out and other saying stick with it--I am am the latter. Whilst a placing can--short term---be a pain to some if they are day trading!!!--but to longer term holders it is just a fact of life. If UJO needed to raise cash--so be it--better to raise cash and have a short term fall in sp, than have a company short of cash and not be able to fulfill it objectives?? Surely thats what placing are usually all about--Speculate to accumulate??

No idea how many of you have had time or bothered to read the Annual Report, but in my opinion, it is a very interesting read. i have read the main text and the future looks not only very good but very solid. The IOW looks extremely exciting as does the return to BB eventually. I like the continued hands on approach with the local communities and 6% going back there and to pay for their Business Levies. the bit that did make me chuckle a little was that they EMPHASIZED he need to have a good dialogue with their shareholders!!--Never had a reply to one of my e-mails!! No mention either of the previous statement to get out of AIM asap. Other than that a an excellent report, which should give all LTH hope that the sp WILL eventually go up!

I do not post on here that much but I thought for my penny worth, I am on the side of Wizard. SS has been doing this at a pace that gets MOST things right,, and as said in business not all things do go well but with solutions UKOG will eventually be a very solid company --IMO. As to funding SS has told us on several occasions that money is not a problem. They are currently getting a healthy daily income from the tanker flow. With the next two drills we can be confident that money flow will substantially increase, not only creating funding for the future but for daily running of the company. Whether we will experience any further share options by way of SS buying up further chunks of The Weald remains to be seen but I would not be surprised, if that happens we may experience a further slowing of the sp as the shares are sold off---aka SOLO and DOR. For those prepared to hold and keep faith the futures bright ,the futures UKOG!! Frustrating as that may be for all of us!!!

That will be our Heidi then!! Ha Ha

Phoo--Yes they may weel surprise us by suddenly arriving and everything is under way again. We certainly need some serious stimulus for th sp to get going again.

ipad--I agree---I have always said that when a share drops as UKOG has so dramatically over the last few months, whatever the good news that should pump up the sp again that rise has to be phenomenal to get it back to where it was a year or so ago---a slow process. Maybe the eventual buy out would do that??? But I fear that is some way off yet.

I think we can get it right out of our heads that there is going to be a placing--that would just not add up with all the money they have in the bank. Just looking for an excuse for the SP diving as it is--a complete mystery?? Has faith gone with many--I think so, but IMO for what it is worth, if this does not eventually go up significantly it is just not worth investing. The whole of UK in a mess and confidence is low, and share is just another place where things are not--as yet---going according to plan, but in UKOG I STRONGLY believe we have a solid company in the making. For those looking for a fast bucj then this is not the place to be. Patience is being tested to the limit and I know some are fed up, BUT remember, all good things come to those that wait!!

Huh!! Great start to the week---must start to tick up SOOOON??

You either do not like SCC or you failed to spell check your 21.15 post--wonder LSE have not banned you haha

I fail to see what there is NOT to like about the RNS´s but clearly the mm´s/market will not shift the price northwards. Same old I am afraid. We will have to wait for bigger news--CPS Planning BB and ?? IOW Not a good week for shares!!

I believe--according to others---your calculations need a serious revision??

See of BLUE in top half of trading sheet!!

Agree--maybe an overre action to the RNS but it is what it is and we can do nothing. However as positive--if this company was going no where they would not be wishing to raise more capital??? Stick with it and things may well come VERY good. Always a bummer when sp dives like this but will--we hope --recover in time

Two GOOD RNs´s although not had time to read the Results RNS. Again establishes UKOG as an excellent emerging UK company---slowly but surely!!

Why the big drop this morning???

I was not aware of that Phoo, thanks thought is was because SS said they would only take one tanker per day so as not to put too much pressure on the well--until side tracks done??