Member Info for JiffyBag

JP,

Looking at the Tracking data, looks like the guy at the wheel was pissed, round and round and off we go, :)

For me , I would like to see an update on the 2 new sites being applied for plus of course any initial news on the Kimmeridge plus of course a CPR update on Portland.

Not too much to ask for, is it? :)

Well, I won't be around when they do that to Lancaster et al :)

Interesting documentary.

https://www.bbc.co.uk/iplayer/episode/b01l9m3h/engineering-giants-2-gas-rig-stripdown

RNS 31st May 2018

"This key five-year plus licence extension will enable the Company to drill its two planned new Kimmeridge exploration wells in the deepest and most oil generative Kimmeridge section of the Weald Basin. Locations for both wells, situated between the Horse Hill oil discovery to the north and the BB-1/1z and Balcombe-1 discoveries to the south, have been selected and the regulatory permitting process is underway to enable drilling in 2019. A further BB-1y sidetrack also remains very much on the cards."

Starbright,

One is possibly Godley bridge ? according to this DOD article, not sure about the other as yet.

https://drillordrop.com/2018/05/31/ukog-announces-new-drilling-commitments-with-weald-licence-extension/

Just goes to show, there are some 'Shenanigans' going on here without a doubt in my mind :)

1.99 :)

Time/Date Price Currency Volume Trade Value* Type MIC Code Trade Type Flags
17:10:14 05-Oct-2018 1.92 GBX 484,500 9,326.62 Off-book XOFF
16:32:03 05-Oct-2018 1.99 GBX 25,000,000 496,500.00 Off-book AIMX

Big Bertha did leave as reported by FOTH a few days ago.

Cannot have contained oil as was on a Flatback wagon.

Probably used for the swampie accommodation toilet block.

Interesting,

Also add this article, whilst old shines a light or two into the murky pond.

https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/

Time Team :)

Considering that we have only just put the pump back on and the old flare stack is flaring in the last 2 days, what do you expect? an instant 5 minute newsflash?

Brocal,

Re: 'It is for that reason that we need the British Govt to step up a gear and give British based companies like UKOG as much support as possible, including in the Law Courts.'

We have recently sene injunctions and two jailed for Lorry Surfing etc, that is a very positive start.

The real issues that I think Dave was alluding to, are the crazy myriad of hoops, that have to be jumped through from planning to drill, exploration, and obtaining a production licence.

Too many regulations, too many intermediaries, and too many govt agencies involved

Look at HH in the 2016 well tests, we were only allowed to extract 2000 barrels.

http://www.horsehilldevelopments.co.uk/ul/files/5af94820946f5_OGA_Flow_Testing_Consent_311215.pdf

Similar story with Angus , only tested for 7 days at Balcombe, the question is why such a short time frame?

We really need a sea change in political will to drive this forward, imo.

Dear Peeblian,

Thanks for your e-mail as to wtf is going on at the moment.

I suggest you listen to my mate, Big Dave

https://total-market-solutions.com/2018/10/03/big-dave-lenigas/

and have also have gander at this

https://twitter.com/Gagsy456/status/1047405661875781632

Toodle Pip, SS :)

Crocqman,

Re: 'I have never heard of these algos being switched on and off though, supposedly to suit MM agendas'. I

In reality, I have no idea whether they have or have not been used, how would we know?, How would DHC know?

The article states,

'Short-term traders and sell-side participants – market makers (such as brokerage houses), speculators and arbitrageurs – benefit from automated trade execution; in addition, algo-trading aids in creating sufficient liquidity for sellers in the market.'

However, I think you could safely say that Algo's, are not being used to create liquidity, as far as UKOG shares are concerned, imho.

Algo trading theory.

https://www.investopedia.com/articles/active-trading/101014/basics-algorithmic-trading-concepts-and-examples.asp

Just to add, look at FRR and see what's happened there with YA, I rest my case.

Schofy,

Agreed,

A Rights issue is far more protective to the SP, in that you avoid the so called 'Death Spiral/ Manipulation/profiteering/increasing dilution', scenario .

Night, Night, sleep tight:)

Cuart Investments PCC Ltd and YA II PN Ltd ("Loan Investors")

The question was,

'Would you have rather UKOG came to you to raise more Capital via a Rights issue instead of going to YA?'

Schofy,

Forget who the messenger is, look at the issue being discussed.

Would you have rather UKOG came to you to raise more Capital via a Rights issue instead of going to YA?