Member Info for burningspear

Could really do with another fundraising to help things along. That is what the public are demanding.

All sells are buys. Great opportunity to average down. Giveaway pricing. Fully funded. Billions of barrels. Supermajors sniffing around - according to DL. "Multiples of the share price" according to SS. All the intelligent investors are here because they know a good thing when they see it.

"Lets see what UKOG buy. If its away from The Weald it will NOT be a vote of confidence."

If he buys elsewhere it will be to replicate the success that he has already made at the Weald. And I for one am willing to give him more of my hard earned for the continuation of his successes to date. Churlish not to really.

"he's had hits all over the world! "

He's had more hits than Abba!

And the mere fact that such a titan has deigned to join UKOG tells you everything you need to know. Rumour has it that he turned down Aramco, BP, Shell, Halliburton, Texaco, Agip etc to accept a position at UKOG. He must see immense value otherwise he would not join. He's certainly not doing it for the money that's for sure.

Whilst we are all indulging in a spot of conjecture then here's mine:
I suspect that the CPR figures are so good that they will exceed investors' wildest imagination (even wilder than currently held). This will immediately send all values attached to the Wealders to the upper reaches of the Stratosphere. SS, in his usual canny but honest way, wants to buy up every last vestige of the acreage before prices become prohibitive. Once the CPR results are released SS will triumphantly enter the elite FTSE100 club and immediately launch a bid for BP and Shell.

Either that or, in the interest of presenting both sides, and however unlikely a scenario, that the CPR results are so dire that SS wants to embark on another adventure entirely. A totally silly notion but there to give a complete picture before someone accuses me of bias.

Rose, I bought after every placing and I am decidedly less than gruntled!

Next time SS says we are fully funded and need no more money I am shorting the beejeesus out of these. Just to finally make some money.

Bro, I suspect that as soon as we see 333,333,330 buys then we will be blue. Otherwise we will continue to be blue in the face confronted with a barrage of confetti issued every other day.

"If 2019 is funded then the cash will be used for the 2020 program."

Once that is finished then they can begin raising money for 2021, 22, 23 and 24.

Look out for a tweet from DL saying that he is averaging down.

ponie, Are you Ss's son or do you actually believe what you have just written?

I suspect there may be others who disagree slightly.

Like everyone else I have kept averaging down but I just cannot afford to do so on my pension. I keep telling her indoors that all will work out but she is now beginning to think that this may not be the dead cert that I think it is. She has had a look at our account this morning and has not spoken to me since. It's coming up to lunchtime and she has made a sandwich and soup for herself and gone off into the other room to eat on her own. I feel totally deflated as I cannot say anything and feel like an old fool who has been taken for a ride.
And if anyone says "just have patience" then I will either scream or kick the cat.

andy, "Surely the parties selling the acreage are also clever enough to work that out as well?"

No they are not! Only we are clever enough to see it and they are all stupid. It's all about the long term. Just have patience and Uncle SS will deliver.

At times like these it is easy to forget the national and international significance of our resources.

Tony, you make total sense!

I feel much better holding and averaging down.

cyan, CPR's take a few years to put together. Especially good ones.

Cannabis oil? From DL stables?

Some excellent, deeply thought out and analytical posts. I feel much better now. Time to average down even more.

Heidi, Are you averaging down again?

I suspect the savvy ones are averaging down as always.
Uncle SS etc