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From the RNS
For this reason, the Company is requesting its shares be temporarily suspended from 7.30am today. The Company will seek a restoration of its listing immediately following publication of its audited Accounts for the year ended 31 December 2019 and Interim Results for the six months ended 30 June 2020, which are both expected before 31 January 2021.
Keeping fingers crossed as this should help the share price and start to rebuild the companies reputation
Operations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of January 2021 as previously advised.
The Ashover Grit reservoir is expected to produce 500 barrels of oil per day ("bopd") at a constrained rate, increasing Union Jack`s net production by an additional 200 bopd when fully on stream.
Mirasol could you explain your position with UJO please
You seem very negative so either talking down your investment, looking for a lower entry point or just not invested and looking to save other investors from what you see as a poor O&G investment, I am happy with my research but I appreciate your concerns about my future wealth
I bought in at a good price but it still hurts to see profit dropping day after day down from over £2.00, all the great work they are doing on many fronts but still struggling, had hoped yesterdays news about new project might have helped but still slipping, I dont often post but have such high hopes for this company
We just need something positive and factual, looking on Twitter seeing "Tick Tock" or "Blast Off"and wishful thinking that the signing will always be first thing tomorrow doesnt drive the share price
Holding and hoping but taking everything with a pinch of salt and only believing RNS details not pictures of flags and vague timelines like soon or anytime now
I keep seeing all the positive messages and keep waiting when common sense would have said to sell at 0.5 or 0.4 or ...........
Sold half at 0.37 and will now just see how much further this will drop off the back of the confusion caused by the "end of the week" comments, diamonds still in the ground and paper waiting to be signed GLA
Wonder if UKOG have considered taking the rig down and sending it away then ripping up the planning consent to see if this helps the SP
Seems like sometimes all the positives drive the price down which just seems a little crazy
Also invested in UJO who haven't started to produce any oil yet so was hoping UKOG would be the more stable share in the shorter term
Bit surprised at the share price over the last few weeks, how many messages were sent expecting the price to drop after seeing an RNS for planning approval or how many messages expected another drop when the RNS for the rig was confirmed ?
Seems loads of very positive updates but we are still bouncing around the same range but I am not here just for a 10% gain, this is a long term share and I am not a day trader so just keeping the faith and lets see where we are on 01/11 with everyone's projections
Also invested in UJO and hoping both companies do well over the next period of time
GLA
Doesn't look good when equipment starts leaving site so quick, loads of positive posts when it arrived so hard not to see it going as a negative
Lets hope we get some facts tomorrow as all this uncertainty is creating to many rumours, get factual news and deal with the outcome
Is it correct that UKOG dont have a production licence yet and they might hold back the RNS so as to continue selling to oil under the EWT agreement, effectively as soon as they give details of the flow the rates they have completed the EWT so would need to stop pumping and selling oil whilst sorting the Production licence
If this is the case then why rush to announce the result and stop the cashflow
So once the results are announced where do people see this share getting to ?
Looked at the price for the last few months and we would need a decent hike to only get back to the prices we had before the constant drops, to get back to Jan19 we need 10%(1.43). Dec18 13%(1.48), Nov 18 50%(1.95), Oct18 46%(1.91) and Sep18 84%(2.40)
I can already hear the derampers saying the oil flow rate was already priced in so lets hope it delivers what we are expecting
Maybe the EWT next results ain't that good so reducing how much further the shares can freefall Really want this to work as invested here and it hurts to see my money reducing day after day but now at the point it's not worth selling as unlike some people on here I have an average of 2ish and thought the tankers leaving, Portland results and well being called commercial would increase the value, AIM is a crazy place