Member Info for honador

But it wasn't a vote, it was a referendum. Therefore, not legally binding.

We all took part in what was effectively the largest survey ever carried out in the UK.

The commons vote on Tuesday will be a 'no', leading a way to a GE in the next 2 months by my reckoning. Which in turn will lead to another hung parliament. Great news for the prospects of this country...

We'll see, weekend forecast is showing more than 23 from what I'm looking at.

But hopefully you're right, would be nice to have confirmation on Monday that works have progressed over the weekend

Don't think any cranes will be operating today or over the weekend as it's currently blowing 40mph round these parts and forecast to increase to 50+.

Monday looks like the next window of opportunity.

I was waiting for that. It's either traders, MMs, shorters, SOLO, voodoo or witchcraft as to why the company isn't currently meeting your expectations...

An SP of 2p overvalues the company based on what we already know, as is evident based on the drop from those levels following pretty good news. Like I mentioned, a solid CPR will allow a true valuation to be placed on the company which in turn will attract longer term investors.

over here aren't you!

It still amazes me that any comment/opinion that doesn't align to the rose tinted glasses brigade, is immediately met with antagonism.

Until the CPR is released and it shows the facts relating to recoverable reserves and forecast depletion rates, the mcap is appropriate where it is. Or at least the market sees fair value around here.

ATB

Because UKOG only receive 47% of that perhaps...?!

Fair play for your honesty Baz, we've all been there. I lost a load back in the early days of trading jumping around, listening to people banging on about how a share was going to make 500% overnight.

It's all BS, so just stick with your original reasons for buying in to a company and scrutinise every detail so that you can sleep easy at night. Nothing worse than worrying about your hard earned once the markets are closed.

My mistake, looks like you sold out 10 minutes later...

Sure fire way of losing money the amount of fipping you've been doing these last few weeks mate

Oh you littel porkie teller you Baz.

That's not what you said on the UKOG board this moring, thought you'd left half in UKOG?

Spot on Rusty, the only sensible post today.

It's all very well and good saying we're flowing X bopd, but the CPR will show the specific details of recoverable reserves and expected depletion rate.

Only then can you place a true valuation on the company. Everything before then is pure guesswork.

Wasn't today's news meant to be the big news?

Or will KL4 be the catalyst everyone is desperate for?

Haha...ok mate, good luck with your 4p tomorrow. Or your 30% swing because of those naughty day traders and mms. Clueless.

What on earth are you going on about?

All I've seen from you Santamaria is pure rubbish today.

Well done on winning top ramp of the day though...

What happened to your 3p, 4p or even 5p prediction once Kim flow were released Rodders?

Not the re-rate you were expecting I suspect...

Rodders, with respect, where are you getting this info from?

How can you state POO will be $120?

How can you state that a share buy-back will happen?

How can you state that a consolidation of 10-1 will happen?

Or have you just made all of those up?

Dollars not sterling and only c47% attributable to UKOG.

So approximately £400k gross revenue since June from EWT.

Oh dear DHC.

Making such comparisons is pointless at this point.

UKOG about to end their EWT period with expected news flow to drop considerably until such a time that a production license is granted.

ANGS about to enter production phase from a well designed specifically for production from the K, only deeper.

What other comparisons shall we make?

What are you basing you P/E ratio of 20 on?

Malkster, I think he was pointing out that that the dearth between bopd and MCAP is quite a wide one.

Your point regarding maths is valid, it doesn't stack up.

The positive from today is that a reasonable amount of oil has been recovered during EWT, but this is during test phase and not full scale production.

Until we have a full CPR which shows expected depletion rates, there is little point getting too excited.

The 11p spike was based on pure ramps and gave a completely unjustified MCAP.

There is no way this will return to those levels in the short to medium term. A £612mil MCAP, that's just ludicrous!

I said it months ago that even at £100mil MCAP this was currently overpriced.

People need to stop focusing on the SP and actually consider the company valuation that underpins the SP. Then you'll see how ridiculous some peoples statements are about expected SP movements on positive news.