The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
A nice 5 million buy has showed up late on. With the continued revenue being generated and the 3 tested zones ( Portland/KL3 and KL4 ) collectively flowing over 1000 BOPD and no doubt commercial. Our CEO continues to bank approx 40k each and everyday from continuing under the guise of the EWT until April. Full commerciality will then be declared for 3 zones together with a CPR. UKOG proven reserves will be Billions ( not just millions )of Barrels of oil located onshore in the UK. We will then immediately Spud 2 new wells at Horse Hill Before all of the above, we will receive planning permission on 20th February for 4 additional wells. We get a tremendous amount of interest compared to the majority of other listed companies. This Bulletin board and the number of posters it attracts is just one example. There's a good reason for that. This will explode over the coming weeks/months and the current SP will be distant memory.
UKOG have a well now confirmed as flowing a minimum of 1000 BOPD. Production rates will be considerably higher. Two new wells will be spud in April/May together with final results and a CPR for HH1. Until that time the EWT will continue to generate on average £ 30,000 - £ 40,000 per day which will add to UKOG's already very healthy bank balance. Planning permission will be rubber stamped on 20th February 2019 for 4 additional wells. We will be producing several thousand BOPD within 12 months with proven reserves of billions of barrels of oil onshore in the UK. SP and Market Cap are way way undervalued I am a LTH in HUR who have a market cap of 1 Billion but have never produced a single barrel of oil as yet. No complaints with this however. Of the two UKOG has the far better potential moving forward. It will multi bag from here. .
Your probably right on both counts. Over a million has been banked since the EWT commenced in late June. As a LTH here I am firmly of the opinion that SS does not care too much for the Shareholders that fund his business. I 've been patient here but I do hope he starts producing some return for us stakeholders. If not get somebody else onboard that looks at the bigger picture and is not just a geologist. The Share Price and Market caps do not lie.
Jeremiah, I want Angus to do very well as we are all extracting oil from Weald. As far as Vonk is concerned I suggest you read the RNS before using quotes originating from that orange coloured idiot in the White House
The Share price has declined alarmingly despite 120 tankers full of oil having left site.We should not be trading at this level at this stage of the EWT. We are 6 months in and all 3 zones are clearly commercial, yet our last update concerning progress was on the 15th November. I appreciate that well in excess of a million pounds has been banked pending final results but an interim update since November concerning progress and the two planned drills and an indication as to when we can expect a CPR would all in combination start to move our SP in the right direction. Two short podcasts do not cut it. There are often comments on this board in relation to SS not caring about the SP. Any CEO worth his salt is fully aware of his duty of care towards shareholders. Look at what has happened over at Angus with Paul Vonk soon to be replaced as a result of major shareholder concerns. We are here to make money and for the past 6 months the only ones that may have done so are those shorting the Share. I look forward to seeing genuine LTH's make a decent return and if a few shorters get very badly burnt along the way then all the better.
Couldn't agree more. Our SP is less today than it was when BB was declared non commercial despite 115 loads/Approx 23,000 barrels of oil having left site. There is no logic whatsoever to our current market cap. The cynic in me says that this is being held back for the benefit of a third partie(s). All will be revealed I feel very shortly.
The trades that are appearing on level 2 this morning are a good indicator as to why the SP remains at this level. Over the past few weeks there has been a lot of buying in the 1 to 2m range. Good news will land within the next 1-2 weeks.
With the fundamentals nicely falling into place. Why not ? Billions of barrels of onshore oil in the UK shortly to be proven up. Low extraction costs onshore and therefore low risk and high reward. Good business sense.
Anselmo, The day Broadford Bridge was declared non commercial in Feb 18 our SP closed at circa 1.50. One year on and 110 Plus tankers later and not forgetting a well with 3 commercial zones we are trading at 1.325. We may have Approx 15 % more shares since that time but not forgetting the price of oil has also increased by circa 40%. Our current market cap is massively undervalued. Please do look at HUR for a simple comparison who are valued at 1 Billion but produce no oil and have no revenue.
The SP has been walked down for the benefit of third parties. The mm's/brokerages no doubt are answerable first to institutions with financial clout at the expense of the regular private investor. The SP will start to move when that third partie(s) have had their fill at these ridiculous prices.
Everyday since last July tanker after tanker has left site. Yet our Share Price has halved in that time. HH1 clearly has three commercial zones ( awaiting confirmation of KL4 ). We are due to spud 2 wells very shortly and will receive planning for another 4 in mid Feb. Our SP should be trading at 5p plus as a minimum.
Rusty8, Fair comment. I don't filter any of them or bother responding as what they post in the main fits the same tried and trusted pattern and is laughable Oil is not flowing ( Need to frack ) Only 1 load per day - There's a problem. Only 2 loads per day ( should be higher ) 3 loads per day ( must have been waste or water not oil ) UKOG's percentage of HH is minimal ( reality is that we are the largest stakeholder having recently upped our percentage ) No money left in Kitty ( Fully Funded for 2019 ) SS hasn't issued an update for 2 days. ( It's turned into a duster despite approx 110 loads having left site. SS is a crook. Don't touch anything that involves David Lenigas. I'm sure that there is more literature from their script some of which I may have missed. When the Share Price hits double figures this year, It will be labelled a pump and Dump.
Walmartian, The most sensible post today. Unfortunately a lot ink time is spent answering trolls Instead of posting any meaningful info. It's staggering that those invested here continue to respond to all the negativity posted as it just adds fuel to the flames. Has the penny not dropped yet.
Jmhy, If this current trend continues. AAOG will have a market cap of over 35 million based on 50 BOPD obtained in Nigeria. Meanwhile we have over 1000 BOPD from just one well in Southern England with further wells due on line this year generating 1000's of additional BOPD. Our market cap is currently 75 million. As an additional comparison look at HUR and SXX who have market caps of circa 1 Billion but have never produced a drop of oil. From this draw your own conclusion as to where our SP is headed. It can not be held back much longer.