Member Info for Fufighter

Some big buys going through (news on the way?), surely SP will start moving upwards

Shame it's for the wrong company - might have a small investment though

Brent crude is more than $80 today

I read this everyday - it will happen!

Since the revision in investment strategy and name change, Blockchain has been analysing a number of tremendously exciting opportunities. We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able

Given the knowledge of the Portland's true flow potential, plans are now being formulated to drill either the HH-1z sidetrack or HH-2 new drill as a horizontal Portland appraisal well, with a targeted* sustainable daily production rate of 720 to 1,080 bopd, 2 to 3 times the forecast calculated* HH-1 vertical well rate of 362 bopd. All planning permissions, Environment Agency permits and the HH-2 well cellar are in place for a horizontal well. If successful it is envisaged that all future Portland production will be via horizontal wells.

Fantastic RNS!

But who's bluffing!

"This further strategic acquisition firmly cements UKOG as the dominant player in the Horse Hill Portland and Kimmeridge oil discoveries and Licences. UKOG's three recent HHDL acquisitions provide a valuable controlling interest and exemplify the rationale behind our recent change of AIM status to an operating company. With the positive Portland test results to date, UKOG, supported by its remaining three coventurers, can now steer the way towards permanent HH oil production in 2019."

A half decent RNS, and then it will fly.

Absolutely right, it's got to be commercial.
At current price still a great bargain imho.

Once the RNS is out showing this is a viable commercial find these prices will be history.

Stretching it a bit "Sea of blue"? Apart from all the red ones including £102k and £35k sales!
Looking good though.

Stick with it, you will be in profit soon. Buy a few more, get that average down.

CEO buying shares is a positive for me

Jon Hale, Chairman of Blockchain said:Â "Since the revision in investment strategy and name change, Blockchain has been analysing a number of tremendously exciting opportunities. We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able."

This is getting nearer & nearer to "take-off". I've "done my research" thrown my money at it and now await boom or doom!

09-Aug-18 Jefferies Buy 200.00 180.00 Upgrade

21-Jun-18 Citigroup Buy 190.00 190.00 Reiteration

Just to be fair, there was a Tsunami in the North Sea in ~6200BC. It steamrollered coastlines from Norway to Scotland.

Whilst the potential future near-term cash flow from the Portland is very important to UKOG, we should not lose sight of the significance of the potential prize that lies in the underlying primary Kimmeridge objective, the long-term testing of which will follow directly after the Portland programme.