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My gut feeling, is that we will see a an Exodus CPR, after all levels Portland to Kim /layers have been tested and not before. So it will be sometime yet before we get the 'Official / Independantly verified news'.

Just my opinion, I can wait.

Let's see, all being well, that we get an update soon I would have thought via a Exodus report on the Portland since according to this document,Section 5,Re-Admission to AIM of existing share capital as an
Operating Company and Notice of General Meeting

https://www.investegate.co.uk/uk-oil---38--gas-inv-plc--ukog-/rns/corporate-update---notice-of-gm/201807131236486115U/

'The 2018 long-term testing programme's goal is to determine commerciality by confirming that HH-1's reservoirs are each connected to a commercially viable oil volume. It is expected that, should the minimum commercial volume threshold be met or exceeded, a declaration of commerciality for each horizon could be made in a timely manner after the completion of each testing sequence'.

Now how one interprets that is the key here, does that mean an internal UKOG RNS or an Exodus update?

Here's to a weekend of pumping :)

https://www.youtube.com/watch?v=4F581WnmE8U

This is relevant,diversify, watch this interest rates, . Zopa anyone?

http://www.morningstar.co.uk/uk/news/170443/where-can-you-invest-when-equities-and-bonds-fall.aspx

Remember this?

If the EU collapses then 2008 will seem like a walk in the park.

https://www.theguardian.com/world/2013/mar/25/cyprus-bailout-deal-eu-closes-bank

I have been reading a few articles as of late, and from what I can discern, (and I’m no expert) Central Banks are beginning to reverse prior policies of Quantitative Easing to one of Quantitative Tightening, ie no longer printing oodles of money in order to boost the economy.

Apparently Global debt in 2017 stood at 217% of Global GDP, that is a worrying statistic.

Further, it isn’t banks so much these days that are at risk of failure as they have built up capital ring fencing/reserves.

Big banks now have to hold, 3-5 times more capital than prior to the 2008 crash.

It is companies, and governments, that have now built up so much debt, as I understand it.

This coupled with the fact that interest rates are surely but very slowly starting to rise, is a concern for companies that have large debt capital on their books. The key to all of this from what I can discern, is interest rates.

Keep your eye on companies with too much debt on their balance sheet, and what is happening to interest rates over the pond.

Overall though, I do think there is an air of pessimism in the press that is self perpetuating and most particularly because of the little known greater public perception of debt/ situation, plus a growing tariff trade war by you know who is unnerving to say the least.

Maybe, buy some shares in a good dividend paying gold company like CMCL?

tkr234,

Some companies go for months and months without an update/RNS.

We have had 2 in the last 8days or soo and as DHC's says we have the 'Eyes on the Ground',

Stop fretting :)

Flat, many many ways to value, but as I said earlier it's way too early yet.

Meanwhile, some bedtime reading.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=10&ved=2ahUKEwjU3PCSmcPdAhWrA8AKHSoDATUQFjAJegQIBBAC&url=https%3A%2F%2Fwww.edisoninvestmentresearch.com%2F%3FACT%3D19%26ID%3D10263%26dir%3Dsectorreports%26field%3D19&usg=AOvVaw1HiYnaQtFFgXb3l6Yay-t0

Thanks Lad's

https://twitter.com/Adrianwfire/status/1041769059682070528

Very interesting, thanks all.

I just found this article, from Aug 2018, and it would appear that MM's can and do short stock for various reasons but for individual PI's I think the route is most certainly via a spread bet or CFD.

Did this happen to UKOG 'Discounted Placings'?

http://www.smartercapital.co.uk/blog/aim-market-makers-short-selling-and-placings/

Discounted Placings

"Very much linked to the short selling issue is the participation of market makers in equity fund raisings. I am not sure if the blame here should be with the brokers or the actual companies but suspect it is more the brokers. I have written before that a good broker should be able to seek a longer-term home for a stock and in fact I have taken part in two placings in the last week where the price has not dipped below the placing price (Europae Metals: EUZ and Greatland Gold: GGP). I believe that is partly down to a sensible book being built for each with a number of potential longer-term shareholders.

I would like to see the ability for market makers to take part in a placing stopped as I see no genuine reason why they are allowed to take part. Before this week, when Matt Lofgran from Nostra Terra (NTOG) spoke about the issue, I have seen more than a handful of placings where market makers have taken stock only to flip it in the same way that some private investors look to flip placing stock. However, looking at this from an existing shareholders perspective and also the companies I can't see how you can justify that involving someone with a days or weeks timeframe is anyway good.

A good broker should be able to place stock with investors and that should be a sign of what the stock is worth. Placing stock with a market maker to simply allow them to close an outstanding short position (which will often be hundreds of thousands of pounds) at a discount to the prevailing market price is insanity and just gives a double win to the market makers. Again very much at the expense of the private investor.
Conclusion

Often compared to a casino AIM is my favourite stock market by far. I am an entrepreneur as well as an investor and I enjoy looking for companies that offer significant growth potential, but I also enjoy reading about interesting ideas and quality people. The latter being quite difficult to find within many AIM companies!

However, at times I am concerned about the practices that take place between the various different market participants and I believe the rules for short selling by market makers need to be looked at and more importantly they should also be stopped from taking part in any equity placing.

I am pretty sure that the regulators are fully aware of this, alongside all the other slightly dubious practices, and perhaps one day something will be done about it. Until then investors just need to understand this side of AIM as understanding the market is as important as researching individual companies."

Genuine question: There are many commentators whom claim it is impossible to Short' UKOG.

So for all you 'Short' Experts out there, please explain how it's done.

Oh, and don't mention borrowing shares off a broker o sell in advance as none will lend.

Carry on please.

Yes maybe the SP/Portland

Starbright,

Yes maybe the Portland is reflected in the current Portland RNS, however the SP may well be re-rated on the awaited Exodus CPR plus the awaited Kim's EWT results and final CPR including the all important 'Proved Reserves', would you not agree?

In other words in the short to medium term ,there is still a lot of information yet to be gleaned that will have an impact on the SP good or bad depending upon the results.

Excellent post StarBright.

You gotta laugh , Now pop pickers, DHC is No 8 in the Top of the Rampers, parade, Que the music......De, de, de, , Da, Da, Da, De, de, Dee :)

http://www.pumpedordumped.com/rampchecker/rampchecktopramper.php

KT,

I also think bar May's latest Green rumblings, that 'Energy Independance' will quickly come to the fore, when Russia start to threaten to turn the gas supply off to most of Europe , ie Hike their prices in retaliation, to standing up to them over recent events.

Russia currently has a huge influence, a situation we ought not to have got ourselves into, given history/current relations.

KT,

I agree with you on 'Energy Independence', 1000%%%

Hi OB,

Thanks yes all good, agree 100%. It's very sad indeed that we have to pay for a licence, in order to be 'Indoctrinated'.

Thing is cannot understand why the 'Plebs' put up with it?

Other than that, looking forward to the Kim test results and an upward movement in the SP.

KT,

I personally take all BBC reports on Brexit related matters with a giant dose of salt.

The 'British Brussels Corporation' are lets face it, wholly biased when it comes down to the subject of Brexit.

Fort,

One question.

Re: 'With the price at 2.5p the new buyer reduces the buy limit to c 2.2p leaving the MM out in the cold'

There are at least 6-7 Market Makers last time I checked, that are registered with the London Stock Exchange whom deal in UKOG stock'

Does not add up or make sense to me, just move along and find another willing to to business yes?

Fort,

I've lost you mate, can't follow your thread.

Can you put into 5 simple bullet points.