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The most relevant is not the immediate futures, but the more forward months, it is looking very soft actually, no where near as aggressive as hoped at this time, heading into the higher gas usage months.

So overall showing weakness, meaning supply adequacy, and no butterfly effect issues "at this time".

A quid or so is no surprise at this time.

2 trades on a Friday £5k worth isn't really showing much interest either.

What can you realistically expect going forward ?

Well read the RNS, it repeats that this is still ONLY a seep, so the perforating (if successful) will only reproduce the seep into the well, which will again only provide more samples, though if the seep is accessed, then they can determine exactly where in the formation it came from.

This well isn't going to somehow transform into a production well, a seep isn't going to give anything of commercial value, all it will provide is a small hint of the area of formation it is coming from, and then they can possibly track that formation through seismic in the "hope" of identifying the source.

If they think they have identified the source, then they will come back to raise for another drill, which will almost certainly require a "proper" drilling rig, not a water well rig, and the story will roll on, another chapter will develop for Sanderson, and if any investors are lucky, it might actually find something, though there will be more confetti issued.

""It might be comforting to hide from reality on a share like UKOG. If only these frightening trolls had not been correct...""

nomlungu,

The story wasn't written by activists etc, it was written by Sanderson, others simply interpret the chapters, he is responsible for the state of affairs, no one else.

OK, so now he has found 7" guns, amazing because they are used globally, he will almost certainly be needing to put a BOP on the well, and then a Shooting nipple, that seals on the wire or cable once on depth, and then they can pressure up and create a fake hydrostatic that is needed to focus the charge jet and make an effective perforation with sufficient reach to get past the cement behind casing and into the formation.

BUT he is clever, he always puts in something in the RNS that can carry into the next chapter, the seismic hunting for the accumulation.

Well the seep does come from an "accumulation, but it has every chance it could be from far, far away, bit like a leak on an old felt flat roof, it leaks in, in the middle but the entry on the top could be anywhere as it migrates under the various layers of felt to exit in the middle, and then it could be just a tiny accumulation too.

But he has laid the pathway for another year of seismic and a cash call lol...

Moral of the story is, a rise without substance basically has no legs, but as with all stocks good and bad, there is money to be made on such events as long as you do work your stock.

I wouldn't be surprised if the false dawn was to let some HNW out before it goes deeper.

Rock n roll !!!

1. Currently we are seeking to refinance to get a better deal.

Yes, and it is taking a lifetime for any further word on that, otherwise it would already be done, before the £300k extension is required for the payday carp.

2. Reduction in running costs due to pipe line conection.

The costs should never have been so high that they need to note how they are going to reduce, but obviously the welltest pipework and separator that has been utilized must be costing far more than what could be deemed "ermmm typical" for these service provisions. hmmmmm

3. Postible bid for Angus.

They may get a bid, but at this time, it is hardly going to blow any daws orfffff simply because of the debt, the workover requirement on A4, the decline rate that is already at the dew point and will only cause more headache as more condensate is induced.

4. Cold weather causing gas prices to rise.

Prices historically are higher in the winter months, its almost a given, but relying on this as some big uplifter is simply desperation, if your opinion is that such a case has real REAL potential, then simply play the futures, and be sure to take every penny you can gain from that.

& so on .

Fernan,

Chariot is an AIM listed stock, which is basically for this type of company that is developing, growing, expanding, diversifying etc etc, with lower regulation and easier raising through the platform, which is what they are doing.

Simply, they have broken through the hardest part for the O & G exploration aspect, in the fact they have a significant field under their control, they are adding more potential through the onshore exploration while the Offshore side is being worked on, and as with most O&G, they need to show some aspects of alternative and diversification so they are not deemed dirty through that oil & gas aspect, this way they can show some offset through Hydrogen, Solar etc etc.

Many now do that, they may not really want too, but overall it is something needed on the portfolio.

Green box delight this morning lol !!!

Lots of people buying 133 shares a pop.

BV & SV coppering up to average down, might take a bit more than that for SV with the supposed 10m plus one shares lol.

Gezzzzz give em chance to utilize the 20 million they have already just raised before spouting sheite about MORE dilution.

Ultimately, if they were to do any other raise in the near term, then I am sure it would be accompanied by significant reasoning and in the support of something very significant. You can't draw in near 20 mill and not do anything that should provide upside in the near to mid term. Its a stupid headline subject at this time, and it is already proving evident we are heading into a significant news flow period that is likely to persist for at least the following 12 months.

pf is certainly no fool, he has so far made a small fortune from what was a fairly simple situation at the start, and continues to feed him handsomely. not great for angus share holders but from his own game plan it was a blinder.

so he may be worth monitoring, though i am sure he is well rehe****d in ensuring his pockets are full to spill before anyone else gets a sniff.

Totally agree BDC,

Too much of that carp going on here at the moment, trying to drown out any post discussion of value to anyone. hmmm

Lets see how we roll for the rest of H2, I can see it hotting up a fair bit as the weeks roll towards Onshore activity.

Formerlyeasy,

ANY AIM share can move significantly on the RIGHT news, as for talking the management down, well no, that isn't the case, talking what the reality of the management is/was and has been demonstrated is more or less factual.

That said, if Angus were to manage to gat Global financing sorted and show it had a decent advantage to all the payday stuff and other debt issues that it will consolidate, then great, it "should" boost" the value, but it looks like they are still fighting to find such a deal, OR the current lenders etc are not being so easy about how Angus wants to close them out.

Singhie,

As your post positives are significantly outweighed with pain then I will put you in the same place as Truss, in the bin.

Simply just too much political nonsense, so time to clean up a little.

Have a nice day, you got BV and one or two others for company !!!

Singhie,

Nothing changed for me, as for you being clever !!! well you prove yourself to be a kerlown of the highest order through your political views and obsessive posting on such, but hey,,,,, Ohhhh and add your share price predictor to that too.

Your daily output info is fine, but could you please put another space between each line so it takes the WHOLE of the front page please, I am sure you can manage that !!!!

Or you "could" simply just report the daily stuff and post all the other useless carp once a week instead of every day.

JUST SAYIN !!!

Yes Adrian, I am fully aware of the Gatwick line, but as it would take a lifetime just to fill it, then it is nothing more than an ornament.

Mind you, suggest utilization to SS, he would roll with that, just to give grounds for another confetti raise and 2 years more pay.

It isn't rocket science to be able to dismiss any sort of pipeline, first requirement is to have enough to fill it in the first place, and even if they did, it would take the life of the field just to cover the cost, SS would need to take a pay cut to help cover the cost, so again, it would never happen. it amounts to nothing more than a pipe dream !!

Those big enough to take on these windfarm contracts are a small enough group to basically monopolise this area, and are clearly smart enough to create a grouped standoff to the new licences, basically so they can squeeze the far higher subsidies from the Gov.

I doubt the manufacture etc of these turbines is anything like the early cost, they are churning them out like UKOG shares these days, with well organised manufacture lines. This is just corporate greed and they know how to milk the system and force the hand to give more. They will get it too, that is just how Lilli livered our gov is.

I don't waste my time, I have a mountain of Weald oiler information and research stuff built up over the last 10 years, I follow most of them, but UKOG has a special place in my fart....You simply couldn't make it up, just how badly SS has performed, and continues to amuse me.

So I will hang around a bit longer lol....