Member Info for highroller

GKB47-Fair comment. But I will give the benefit of the doubt to the BOD as they must be confident of the repair job they are undertaking. I am concentrating on the gas only, the gas valuation, all of which is minimal risk and huge rewards . I value all oil assets at 0000000. the oil assets brought the company down to its knees. along with many shareholders. No point of staying bitter. just accept 0000 for oil assets and then it can only get better. any oil recovery will be a bonus.

the prize is the gas indeed worth 50 million with no exploration risk. why concentrate on Balcombe ,which again is no longer an exploration risk. if it flows in a year or so, all good. what's the rush in current oil prices. just get the gas revenues bring in some profits.

another MEGA purchase of 500 shares .LOL

Average down and your recovery point/profit may be achievable this year. the potential is always there. it is never good sitting on massive losses of such magnitude . I guess a thorough review of your holding is something you must carry out. food luck.

who buys 3446 shares? surely the dealing costs alone will need this to rise 200% just to get invested capital back.

only market makers can deal at mid price

the trades of 600k at .765 and 500k at close are between market makers. one market maker is short!!!!!

covid19 is now old news. not everything is affected with it but everybody is making the excuse. either way, the stock is grossly cheap at current levels and the sp is slowly and steadily addressing that issue. there is good news flow on multiple fronts. will we test the highs of last June of 4p plus?

it is ,without doubt, heading upwards very steadily.

these went to .80/.90 few moments ago

could multibag from here easily if all goes to plan.

0.79 paid .market makers are not letting this go cheaply. a decent buy will result in a tick up

Ocelot- surely you are invested here for Returns/profits. 813BOPD just covers overheads. what about further exploration/development costs at a minimum of $3 million a pop. when will this company ever become profitable and that too with Wonga finance. this is lifestyle company. Any value creation is an illusion. it should have been producing 5000 BOPD per day by now to make plans /expansion and development possible. Instead the only thing increasing is BOD salaries and rewards. Frankly I can not figure out why the production is so little. At the time of discovery some years ago, it was mentioned that production from portland X barrels and kimmeridge Y barrels . If memory serves me right, it was in excess of 1k barrels per day. Why the decline or have the BOD been having fingers in the till apart from extortionate salaries.
The company has just made the going concern test on the basis that the Wonga funds will last next 11 months. What will happen after that. will UKOG approach the street sharks? Avoid this until matters are transparent as management , financing, and planning is heavily polluted.

Excellent post james2 and from many others with equally excellent points. Have a good weekend all. stay healthy and safe

who knows? another big buy will certainly cause a tick up again.

now

Frankly the share price should be sitting above 1p already. May be past disappointments from delays/excuses has dented confidence . However, the company is communicating much better, far more transparent, laying out its stall for all to see where you can actually anticipate future RNS timing and content. By June I am expecting two major milestones to be achieved and for me that should trigger the rerate with confidence and share price should hit or go beyond my target price of 1.5p. By end of June I expect 1.5p to be broken with excellent firmness. Just my humble opinion. The BOD are valuing company at present between 10-15 million implying a share price of 2-3p. We have confirmed gas project valuation exceeding that . And I am reasonably certain that Balcombe is also worth a few bob. What happened in the past there is firmly reflected in the share price. The repair to that damage is most certainly progressing, slower than we like but most definitely. Good luck to all and everybody stay healthy and safe.

thank you. you are a real scout.

another decent buy of the day.

who knows on this scrappy buying. hate the published spread. actually its marginally better.