Member Info for Jarv55

Well Billy I think you are going to be in for a surprise the price stopped dead today at the 200ma, the rsi is only just starting to hit 50 that is a buy entry for techies, the macd hasn't even started going and believe it or not nor has the buying look at the volume on the chart last year around this time. We have had two goes at the 2.20 mark one more and we should push through it. Resistance after that is 2.75 where you may get a pull back. https://invst.ly/7vx1x
Plus we have one magic ingredient that you can not fight sentiment.

Billy what price do you think it is going to fall back to?

Oh shut up you tart. You know nothing.

That made me chuckle you have to love lse some of the posts here are entertaining.

The long term reservoir performance data is also expected to provide the necessary data to enable, for the first time, Petroleum Resources Management System compliant Kimmeridge and Portland reserve figures to be estimated at Horse Hill.

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Each test sequence will include a short, optimised rate test, together with a sequence of "choked back"(i.e. reduced) steady-state flow periods necessary to obtain the data required to determine the connected oil volume within each zone. A series of associated long pressure build up tests are also planned. Oil produced from the EWT will be sold on the "spot" oil market and any revenues will be utilised to offset overall testing costs.

So will we get progress reports on the short tests?

Sorry but what do the usa have to do with Ukog?

lol no nothing to see here until 2019
At the time of writing, the Company, together with our partners in Horse Hill Developments Ltd ("HHDL"), are back at the Horse Hill site near Gatwick Airport to carry out the much anticipated EWT campaign. Horse Hill remains a fundamental and exciting part of UKOG's portfolio, and this is a key operational step in the Company's short history.

How many have YA got left?

"The long term reservoir performance data is also expected to provide the necessary data to enable, for the first time, Petroleum Resources Management System compliant Kimmeridge and Portland reserve figures to be estimated at Horse Hill. "

That was may 2017 so how much further have Ukog progressed?

Drilling Commences at 100% Owned Broadford Bridge-1 Kimmeridge Exploration Well

PEDL234 Licence, Weald Basin, UK

UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that drilling operations on its 100% interest Broadford Bridge-1 ("BB-1") Kimmeridge Limestone exploration well commenced on schedule at 1700 hrs on Monday 29 May. The well will test a mirror image geological look-alike to the Company's Horse Hill oil discovery, which, as previously reported in March 2016, flowed oil at a record stable aggregate rate of 1365 barrels of oil per day from two naturally fractured Kimmeridge Limestone rock units (KL3 and KL4).

BB-1 is located near Billingshurst, West Sussex, within the 300 km² PEDL234 licence, in which the Company has a 100% interest via its ownership of the licence's operator, Kimmeridge Oil & Gas Limited.

Drilling, using tried, trusted and safe conventional techniques, commenced with a 17½-inch diameter vertical hole within the 300-metre thick Weald Clay rock unit, which directly underlies the well site. Drilling operations will continue until the well reaches a total drilled depth of around 1900 metres within the Jurassic Corallian sandstone, a secondary reservoir objective which underlies the Kimmeridge.

The BB-1 well, an exploration step-out, is designed to penetrate the four target Kimmeridge Limestone units (KL1-KL4), at an inclination of around 50 degrees to vertical and at approximately 90 degrees to the predicted orientation of open natural fractures within the Kimmeridge. The planned overall horizontal deviation of the well is approximately 1 km to the north-northeast of the well site. The Kimmeridge Limestones are expected to be encountered at a drilled depth of approximately 1300-1700 metres, which equates to around 950 -1200 metres vertically below surface.

Even though there are no potable drinking water sources underlying or surrounding the BB-1 site, it is the Company's policy to ensure that UKOG's drilling has zero-impact on any groundwater or potable water sources. Consequently, BB-1 uses a British made, zero-hazard, non-toxic, water-based drilling fluid to lubricate the drill-bit. This drilling fluid (or "mud") is made from biodegradable, modified natural plant starches.

All regulatory permissions to drill the well, from the Oil and Gas Authority ("OGA"), the Environment Agency ("EA"), West Sussex County Council and the Health and Safety Executive, are in place and available on UKOG's website. In the event of a discovery, final consents to test the well after the drilling phase are expected from the EA and OGA in due course.

Insidious not fast enough lol it went from 1p to 10.96 in two weeks on the last bullish run look at the news that is due https://invst.ly/7vpdy

simpletradign I can't see any gaps https://invst.ly/7vp45

This isn't just Pi's buying expect a few TR1s

Just at the beginning of the rise here https://invst.ly/7voso

Looking very strong here

Buzzbuzz why would there be a halt?

There really is no resistance until 2.85 Ya are the only thing holding this back once they are cleared we should have a 50% day https://invst.ly/7voil

Cap totally agreewith your analysis retracements are healthy

Bought a few today based on the chart 3p next target at the 200ma https://invst.ly/7vnyp

Should be at least 4p on those results