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Had a nibble at 28p, shed those for small loss, reinvested recently at 10p. Happy to wait for a steer from next news. Lot of drama on this board re anticipated Comms in January, are you really that green?! This is AIM, the Wild West, why do you think things get said in podcasts, because it's non regulated! It's salesmanship, positioning or just plain BS, call it what you like but don't get hung up on it. Try and avoid being over-exposed and greedy and consider that many of these minnows go bust but sometimes you can make a very tidy profit. Looking forward to next news so I can assess my position here. GLA
Cross ramping, simpering, patronising muthafecker! Take your risk profile and your family ski holiday and jog on, BIDS will do just fine without your worrisome investment!
I don't disagree with any of the negative angles being explored here, as like many, have seen it all before on AIM. The incessant nature of the posting is pretty tiresome but can't argue that the revenue performance, so far, is disappointing. Do we not think however that they'll be busting a gut to turn this around asap? You can't rule anything out on AIM but surely they'd be looking to restore confidence with new deals and partnerships before any fund raising, assuming that is necessary. One last point, some folk on here talk about large investments, scoff at others inferior investment but have lost large percentages and all faith in the company. Why not simply take your remaining 40% and invest elsewhere to recoup? And while you're at it give the rest of us some tips where to invest our hard earned! Personally I'll take this tip from Atlantic and see how we go with BIDS, building a holding over time here, topping up on the dips.
Prospective investors should spend 30 minutes listening to the podcast then quite simply as the man put it himself you either trust him to deliver those deals and an even better than forecast 2020 or you don't! If you don't and you're still on this BB picking quarrels with those that do it might be time for a beer down pub.
Key take for me was the clarification on expectations for 2020, not just 'in tact' but looking better. A very positive message to round off on, albeit constrained by what he can say commercially. He also rubbished some of the so called commentators recently.
A lot of people expending significant effort analysing the wording of recent RNS' or just being blatant and advising weary shareholders to sell. It all has the same motive, so they can buy cheaper! See it for what it is and make your own decisions. Sentiment is at a low here IMO and the company must be keen to reverse that and deliver contract news. I've been adding personally in recent days therefore ambivalent really to any negativity as I'd like to accumulate ahead of any recovery.
600 so far, plus 300 from first well now back online, with expected improvements post pressure build up and 'routine interventions' to complete clean-up. They mention water ingress at the 'toe' / far end. Does this make it easier to isolate and explain why they stopped short in drilling? Either way it is reported as routine and something they can recycle helping to reduce disposal costs.
Game on indeed, not quite early December but the more the tankers roll full of oil the quicker that minor slippage will be forgotten along with the petty pedants wasting their lives splitting hairs over the number and status of tankers!! There are people on site FFS whilst you play keyboard warrior. Why don't you get down there yourself if the accuracy of the reports concerns you so much or does your electronic tagging device prevent you. May Rudolph **** a hind leg and slash on your flaming Christmas pud.
The very definition of absurdity. Possibly the best footage taken by FoTH thus far! It's one thing sporting a faux 'uniform' but actually method acting in some kind of official role, taking of number plates etc, please, I cannay tek nay more!! I think the guys on site showed good grace and handled this with decorum. Roll on the tankers.
Somewhat amusing to see all of these written down together but they seem to be different versions of three basic things, initial rate, steady rate, and whether flowing freely or not. Form clarity I know nowt other than what I've cleaned from a decade or more of investing in these minnows (GKP was my first by random good fortune!). So I expect a version of initial rate (needs to be sufficiently exciting number), a version of free flowing, followed by the next steps to throttle back protect well and establish the steady rate etc! Bring it on UKOG, choose your words wisely but the numbers will be more important!
Of course there will, it's the nature of the deal until such time as UKOG can pay it off in cash or find alternative. Doesn't mean the share price will be so predictable though, that'll be down to success of the testing. I've been glad of the opportunity to accumulate.
I think the 'eyes' on site may as well use the next couple of days to rig up remote camera traps now as those tankers are going to be triggering them by the hour! Excellent update.
It's all relative, the share price is on it's knees ahead of imminent transformational news. Yes, there is the drag factor of the funding arrangement but they can only sell 15% of the volume in any given day. So by my thinking if we get good news here and resulting increase in sentiment and volume this should rise. Based on all of the recent RNS' it feels like we're being primed for something special, let's see how it turns out but I am comfortable with the risk from this low base.
Yeah, that's how this deal works but I expect you already know that! Personally I think the premium at which they sell is about to grow but let's see. If it offends you why not find somewhere else to invest?! Perhaps this is some kind of voyeurism trip but I don't get this type of mentality. Anyway, have a delightful weekend and I'm sure you'll be rooting for UKOG next week and beyond!
I was expecting that noting the large sell today of 5m presumably from their last conversion when they got 15m shares allocated. Should start to be easier for these to offload and the price to rise as the oil flow and news flow begin.
Also interesting to see any sizeable transaction, say greater than £10k is being reported delayed and they're all buys around the 1.5 mark so looks like a solid day of accumulation.
I guess this is both the beauty and the curse of operating in the UK in plain sight. It leads to all kinds of wild speculation by unqualified persons. At least we can see 'stuff' going on but until we get an RNS endorsed by a qualified expert it's just noise. Expecting a commencement of EWT and initial flow rates RNS' imminently to mirror the phrasing used by Sanderson in his last statement.
I would suggest you work on your own outlook too Lamtree. Just clicked on your username, posting since the wee hours and first thing this morning. Relax, spend some time with your family and rejoice in the fact that you are privilaged to be pontificating on these boards. Enjoy your day.
1. Possible but outside chance for me compared to sale of only some of the assets.
2. Most likely IMO although exactly what is being negotiated is a known unknown!
3. Nobody has been led up the garden path! There is no guarantee of a deal but the company is now awash with cash to progress with enhancing production - i.e. a strong negotiating position.
4. Dunno
5. This is a complex scenario with many stakeholders, many outcomes are possible but I expect to make good money on my investment from here.
Click on this username and you will see that it is a spam account. Posted same message regarding another share on multiple boards today. Not worth engaging with.