The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
With the assets being continually proven up at HH and with further sites due to come on line later this year and early next. UKOG will be sitting on billions of barrels of onshore sweet crude. ( awaiting CPR which will confirm this ). Revenue and applicable profitability will run into the multi millions and the SP will be comfortably into double figures. This is not wishful thinking but fact.
Rodders74, Good post. However, I would like to think that with the imminent positive newsflow/ additional wells and revenue coupled with the fact the we are way undervalued we will be trading 3-4p min by easter not 2.25p that you alluded to.
It has been nearly 2 months since an EWT update. The SP in that time has dropped over 30 percent. Technically and fundamentally everything is moving in the right direction. The Share Price needs to catch up. Success after all is measured in Share Price appreciation/Stakeholder returns. At the moment that is not happening. You can put whatever spin you choose in relation to UKOG current predicament but ultimately value appreciation is what counts.
The fundamentals of the business have not changed. Excellent Interview yesterday by the CEO. Yesterday's rise will continue after a pullback this morning for some profit taking. LTH's are fully aware of where the SP will be heading in the short,medium and long term. By the end January we will be looking at circa 4-5p.
Our CEO has acquired considerable additional stakes from Solo and other holders in the Weald Basin since the EWT commenced in June. Now would he have done this in the knowledge that all three zones being tested were ' Robustly Commercial This terminology was used by SS when declaring the Portland results. Circa 100 Tankers have left site to date.
I hope the downward trend in the SP starts to reverse and quickly. The tanker count does seem to have slowed down over the past couple of days. Let's hope the tanker count increases together with the SP. SS needs to update the Market to reverse our current predicament. We should not be trading at sub 2.5p let alone 1.225p
If this the case and both are linked which is very good news. A simple update to this effect would keep the Market happy. Website update or interview will do. The SP has been spiralling in the wrong direction since July. With all the oil recovered to date which should be trading at circa 4-5p. The management at UKOG needs to drastically improve the PR side of the business. Has anyone tried communicating this diectly to SS for what its worth.
Poor sentiment is perhaps the reason we are sitting at 1.30. SP is less than it was on the day that BB was declared a non commercial. Something here is not quite as it should be. Oil is flowing in large commercial quantities so there shouldn't be anything to hold this back
Gents/Ladies, SS did exactly the same at BB ( deathly silence ) pending the non commerciality. This time the results will be completely different. We have 2 soon to be 3 commercial zones confirmed with circa 100 Tankers and still counting having left site. The eyes on site are to be commended. I don't expect RNS's every 2nd day but at least update the website and keep the news in the public domain. Sentiment after all is everything.
With the large volume of singular 1 million trades over the past couple of days. Over 40 no individual trades of 1 million +, shorts positions are being closed in the knowledge that positive news is imminent.
Another tanker already out this morning. More will follow today. Circa 100 Tankers have left site with more to come as the flows are optimised for KL4. Confirmation of 3rd commercial zone to follow. Long term holders will sit tight as we know where the SP is headed Day/swing traders have a different timeframe and will panic dependant on their position ( short/Long ). With the fundamentals UKOG have in place the SP will start to head northwards.
You could debate the quality of SS public relations ability which invariably is poor but what UKOG have achieved since June should be a springboard for transforming the company. The Share price needs to reflect the 3 commercial zones ( awaiting confirmation of K4 ) at HH that will produce over 1000 BOPD onshore in the UK as opposed to 5 miles off the coast of Nigeria. The Share price I feel has been suppressed to suit the agenda of Mm's ( Naked shorts etc ). This will soon change and the SP will start to head north and when it does it will move very quickly.
Good post, The issue here could lie in the absence of any institutional investors who would seek clarity and possible redress in light of the recent performance of our SP. Our CEO is accountable to PI's who singularly do not hold any leverage over him in comparison to a large institution. Perhaps this explains the abysmal PR side of UKOG when in reality the good news and there's been plenty of it to go around should be constantly thrust into the public domain utilising the variety of media outlets available. Or does SS prefer to use CB radio ( citizens band radio ) those over 40 will remember what this is.