Member Info for Brocal53

Current Brent at $63.19--ticking up in the right direction.

DHC---yes agree it is a very complex situation, and who trusts who. I was reading an article on the possible outcomes of the OPEC meeting and YES although the Russians are hand in glove with the Saudis--it appears---even the Saudis are not confident they can persuade the Russians to reduce output by more than 150,000 barrels per day

LYN--Yes I am positive for the future with UKOG but just saying it as I see it for the shorter term, and as WE are LTH it should not concern us for our investment in the short term---however , how it will effect the economies of the world I do not know. Always jittery when stock market begin to have large drops or fluctuations etc.

It is my belief that whilst we have a POTENTIAL to be a great company with what is on the cards for the future, UKOG will not be immune from the brown stuff that is currently going on in the oil industry at the moment. The OPEC Press Conference has been cancelled, it is looking increasingly likely that The Saudis will not get their way with a cut in production as the Russians are unlikely to play ball. Add to that the likelihood of more countries leaving OPEC which could excasipate an already delicate situation---the end result for UKOG could be a rather stagnant sp for a few months as the World Oil situation will have a knock on effect that could cascade down the line to even small companies like UKOG. We shall see, but all round we are in a difficult economic world at present--BREXIT--OIL PRICES--WORLD STOCK MARKETS & ECONOMIES. Lets hope next year gives us all a brighter future!! One has to try and be positive otherwise whats the point??

1 and 6 or half a crown--standing up or lying down!!

What is there to keep price UP??? Are you mad?? why do you think they are getting hundreds of barrels of oil out a day? and only a test? The MARKET is suppressing the sp--things going on many of us do not understand--so much to look forward to next year--if you are a LTH--with production coming up and maybe a top land based UK oil production site!! Its not all about the SHORT term--if you want a short term punt, bet on the horses or The Lottery. Once this firms up to production I hope that will encourage the Corporates to dip their toe in the water!!

Looking at the trades today--a LOT of blue but seems to have made NO difference to the sp!! Certainly stuck in a deep rut here---will a good result from the last Zone have any effect on sp?? If not I can see sp drifting south until things start to move to production later next year!!

Makes you laugh at some logic on here. When we do not see many tankers they think maybe there is something wrong. Remember it is a FLOW Test. so---if on the previous zone they got X barrels out over a 24 hr period but in THIS Zone they are able to get same amount out over a 12hr period goes to show this zone is producing twice as much, So they do not have to be trundling out loads of tankers to assess the flow rate!!! In the end we will see what the results are when they are good and ready, and then and only then will all be revealed---until then it is the USUAL speculation.

Markets and oil price dragging our SP down I think!?? Bad day at the office!

Patience indeed!! All genuine LTH have no option.. 95% of comments and predictions IMO are cr---p and most again on here no little or nothing about the workings of the oil industry and no one knows where the SP will be this week, this month or this year. It will be what it will be. GLA

AH!! Now corrected--- Ignore!!

Why have LSE quoted an increase of 3.39%---it was static!!

IMO it is a shame that UKOG cannot buy more of The Weald. Seems it is doing the most and getting the most oil out of The Weald and yet is still under 50% shareholder of the area. Unless we have amazing results from the last test here--and it wold have to be amazing---I cannot see SS giving us any big surprises at Xmas,--we will have to wait till 2019 before sp really starts to motor--GL All LTH

Good on you Heidi-WELL DONE

I am not getting involved with this board at present---it is getting just TOOOO much. Peeps need to calm down--hopefully once UKOG starts to move and things slot into place some of these comments will be a distant memory??
How did the RUN go yesterday?? Raise much money? I am TOOOO old for that now but once did a marathon--well 21 miles--for our local rugby club in 2hrs 8 mins and raised a few bob. WHO did you run for? Feeling a bit of a stiify toady??

Heidi--OFF to the Gym--did not realise you had an evening job??

Although I am a LTH and neither ramp or de ramp, I am increasingly disappointed at the continued downturn in the sp--and for no stand out reason!! I hope by this time next year we can say--Why were we so concerned, and by then sitting in a much healthier position. There are those who are inclined to blame SS, well for me he is an OIL man not a STOCKBROKER, so as some have already said, can we let him get on with the job he is doing and get us to a better place--which I think he will do.

Sageman--Many thanks---good to get a non aggressive response!!

Heidi--Good Morning---I am not particularly angry, BUT I do get p--d off when all these so called EXPERTS come on here spouting their opinions giving the impression they know all the answers, and of course they could do MUCH better.
As to the sp---I agree it is one of lifes utter mysteries. AIM certainly appears to have change over the last few years---and NOT for the better. I will repeat what I said once before. i was in NOP --now Cabot Energy. It had a Market Cap of far far less than UKOG and yet the sp went from around 9p to nearly 200p---and IMHO just on sentiment. Whilst we have not experienced such an sp here, we did see 11p for a moment and that was on sentiment. We have moved on a pace since then and yet the sp is at todays abysmal level and WHY??? $64,000 question, and that understandably, is why folk keep banging on about manipulation of the sp. No one, as far as I am aware, has offered a tangible reason why that is or where we may go from here. Folk say once K4 results are out the sp will rocket, clutching at straws some may say. All we can do is hope and wait and see. I sincerely hope we see no further drop in the sp, but maybe in a year once we have several wells producing the sp may be in a more healthy place. GLA AGAIN!!

Tony--Thanks for that information as to what is currently happening at the well.
Good Morning ALL
All the talk the last few days of more and more oil going to Hamble when they are still cleaning up the well. IMO the majority of the comments on this board are crap. VERY few who post on here---including me--have no knowledge of the oil industry or as to what is going on. A few come on here who have previously had oil industry experience, which is sometimes very informative, but few, if any, have experience of the most up to date oil drilling methods. All this talk of running down SS and how he should--almost---be shot at dawn, is complete rubbish. Let the guys get on with the job. They want this to be a huge success as much as we do, and it serves no good purpose by being so opinionated about how he SHOULD be doing things. It will come good and he has NO control over the sp as many think he has. No one likes the sp as it is but none of us or the board of UKOG can do anything about it. Once this is all proved up, commercial and producing very good amounts of daily oil then the sp could rise---or at least I hope so---and then wait for a big offer to come in?? GLA

Rodders--I think it would be fair to say if we did not get that amount of tankers a day, then K4 would be a disappointment having been told this is the zone where there is the best flow rate??