Member Info for Herbieridesaga

would just like to add that from a national point of view the oil we will get out of the Weald - because of falling oil prices - will be supportive of other industries in the country - and I still hope the gas is a significant level - I have seen no numbers on this - but that's what we really need.

Its a big risk and a diversion but success would shut up all the doubters. Easier - sell it to some fracers. 3 fingers up to all doubters.

And that's where the botched wells hurt. There is no evidence that if you drill properly the oil isn't recoverable all over the weald - but there is doubt now - and unless they go back and show it was error - this card can be played again and again. Against your argument the Government has said its OK to frac so lets just frac it. Meanwhile UKOG need to get cash flowing as RH says then they can't be held to ransom any longer by the scum of the earth.

So my SIPP provider agrees with me - keep most of your owder dry and drip feed - slice any rises - and fight them to the death.

Until we are in profit, big money can mess us aorund. At some point big money will switch direction and buy in. They will do it when as many of us as they can get have sold out or by running down the price just before shares are issued. I stick to what I say - all you can doas a PI is buy when it goes lower - and hope its not bought out as soon as it goes cash positive on the cheap. That means we're fighting against the big boys. Not much hope really.

But to be fair its all about cash flow at the moment - and if you get cash flow area - you can always buy more resource off someone else when you want it. I'm just trying to figure out how big money has managed to do this. Results were not underwhelming nor did they indicate future results would be underwhelming. If they were - Angs would be down as well. Plus not long to next results. And yet this is faling like a stone to levels not seen for years. Brilliant market manipulation by someone.

And I'll chuck in this posted on the CNR board by deadly silance

https://www.lombardiletter.com/2000-dollar-gold-ahead-3-gold-price-charts-gold-bugs-must-watch/30820/

Could be blatant ramping but... look at the goldies movements this week

Mr Tibbles quoted

From a major gold trader

Market still sucking in speculative sellers while COT’s take every contract long against them, some lots are closed but the majority are translating into COT longs.
Confirmed reports of large size spot index buying from 2 known sources, largest since August 15th!.
Specs continue to capitulate naked longs into COT hands
In summary synthetic capitulation is under way then gold should move higher.

As predicted - gold not falling yet though - maybe its looking longer term - I'm going to share something a poster called Mr Tibbles posted on CEY for you Mers...

Exactly Sage - you can draw as much as you want from it. My concern is how do you transport it ? Anyway, next result will be better as expected so what's all the fuss about ?

Many thanks for that balanced summary - good grief these rampers and derampers make me want to stop reading these boards altogether.

oops sorry wrong board LOL

Did you say that to Solo ?

Except all buys and no sells usually means a big seller in the background. I have topped up al the way down - but its not getting lower now so I'm just sitting and waiting (ie got enough)

Angs is following a different path that's all. With revenue sooner it probably fees it will be able to buy back into whatever it wants from UKOG when they have to raise more funds - JMHO. Seems to be working so far.

Get real. The results for the layer were the same as before. The deeper layer shoud therefore be the same again - and better. R u lying on purpose to misinform here ? My advice remains as always to all. Slice the rises, buy the dips, the oil isn't going anywhere, and after a disasterous brexit we will get it and if necessary - as was said in the parliamentary metings this week - we wil frac. Above all, don't lie to people.

Hey Laks, US market is starting to rally just as predicted. Now gold will fall back. If back Friday footfall is good, rally will continue. Remember public mood in US amongst the many is positive and they have mnore dosh. If you want something to sort - UK importers is a good bet !

Nail on head zoom

My daughter and son are 18 and 16. They buy games on STEAM and downloads - and they go into game shops. I opened a Lifetime ISA and a standard for her this year. She had only one share she said she wanted to buy in mid summer - at 28p - GMD. So she's in. How old are you ?

Very amusing - no I do not short individual stocks - just wanted to know the score - coud go bust and the vultures, hyenas jackals wild dogs and monitors would then move in but - can't be bothered to stay out any longer - in for a very small punt - oil faling - now don't you dare go bust on me.