Member Info for Gizzard

So confirmed converted at 4p.

Something going on

MMs after stock again big rise into the close

It's not a week old it's a day old

So 3.62p hell of a premium

Amount paid 4p qty 162500 Date 4 Oct

!

About to break

All ther in companies house 4p!

Fantastic spot

He's not my hero, just passing on info.

UKOG Post
Posted on UKOG by GeoDave

Hello All,

I have posted here in the past to offer some technical insight as a practicing chartered geologist in the UK. The geological arguments have been gone over in fine detail here over many months but I do certainly agree with DLs interview comment in that there is a great misconception regarding flow testing and the formulation of an EWT.

In short, there is no set specification for an EWT. Such tests are entirely site-specific based on a technical interpretation of the geology, the geotechnical properties of the strata, the reservoir dynamics and the well construction. EWTs are highly experimental and it is common practice to halt the test multiple times to review test data and to use this information to adapt and modify subsequent stages of the EWT.

An EWT is absolutely NOT a linear or binary process but a highly organic process of data collection, iteration, interpretation and adjustment and is best thought of as a series of multiple sub-tests. There will be variations in pumping rate, periods of pump/flare activity/inactivity. Any attempt to deduce the flow rate from the testing by looking at pump stroke rate over time is going to be fraught with error and the longer the EWT the more significant the error.

Personally I find it more useful to look at other factors to assess progress. UKOG have systematically and recently pursued a policy of acquisition of interest within HHDL which now stands at some 72%, up 22% in the last few months. Portland commercial is realistically a given now and has been massively de-risked with an official declaration likely to be published soon. The Kimmeridge Fm testing has only just started but available information to date indicates a viable play.

In my view UKOG are quietly positioning themselves to be top of the podium for when this really kicks off shortly. SS is highly experienced and knows the importance of getting your ducks in a row BEFORE you need them to be.

I have taken advantage of this quiet period and depressed SP to add significantly and an very confident we will see a rise in the SP soon. Don't be fooled by the typical impatience on AIM - it creates some great oppoortinites.

100 bopd = £1.6M revenue
1600 bopd = £25.6m revenue from one well only.
This market cap in so cheap compared to what in will £300M - £500M +

Have added based on this interview, the market doesn't understand, it's flowing commercial oil.

When they do a placing it tends to be undiluted too, but at a premium, so someone likes the story:

Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company focused on Ireland and Finland, is pleased to announce that it has conditionally raised £500,000 (€556,545), through a Placing (the “Placing”) of 3,636,365 ordinary shares of €0.001 in the capital of the Company (the “Placing Shares”) at a price of 13.75 pence per Placing Share, being a premium of 20 percent to the closing mid-market price on 24 August 2018 (being the last practicable date prior to the completion of the Placing)

29-Sep-17 Buy Trade Notifier Information for Conroy Gold & Natural Resources Richard Conroy 29.75 100,000
04-May-16 Placing Trade Notifier Information for Conroy Gold & Natural Resources Richard Conroy 18.5 1,081,081

Looking at the chart it looks due a bounce - it does look cheap considering their discoveries.

Where?

.03 after progress would be a good springboard for SS

Sounds very encouraging

https://total-market-solutions.com/2018/10/03/big-dave-lenigas/

1.93 are sells

I agree people don't realise just how good this news is. I can see why the Managing director of JP Morgan has bought recently.