Member Info for jonesrichard

"No significant press over the weekend"

No, nothing significant at all, just write ups in the daily mail, one of the most read publications in the entire country!

Yep, war will be terrible for many but actually extremely positive for UK suppliers such as UKOG! the perfect storm, every cloud and all that!

You sticking with the narrative that there will be a placing coming at 0.10 within the next few weeks? So if there isn’t then presumably you will admit you were very wrong?

"UK Oil & Gas PLC declared itself delighted this week with a ruling in the Court of Appeal that safeguards the company’s production at the Horse Hill project for the remainder of its commercial lifespan.

The court upheld the legality of Horse Hill's planning consent, as a long-running appeal by Finch et al sought to overturn a December 2020 judgement in Judicial Review.

UKOG highlighted that the court ruling means that the planning consent for Horse Hill oil production was granted entirely lawfully.

The market took the hint, sending the shares soaring by 51 per cent."

https://www.thisismoney.co.uk/money/markets/article-10527923/SMALL-CAP-MOVERS-UK-Oil-Gas-gallops-higher.html

Indeed, many seem to feel that todays ruling now opens the door for a significant re rate over the coming days and weeks, yes, 20 bags would be nice. Let’s see.

Best you do I think, sounds like this company has ruined your life! You must have been whacked a decent wedge in here at a much higher price then the sp is currently, never fear though today should be the beginning of the turn around here genuine holders hope!

"Shares in UK Oil & Gas (UKOG) soared by more than a quarter after a woman who opposed the company's drilling in Surrey lost her appeal.

Sarah Finch had challenged the legality of Surrey County Council's 2019 decision to allow UKOG to drill more wells at the so-called 'Gatwick Gusher' in Horse Hill in Horley.

Two of three judges at the Court of Appeal ruled the council had acted lawfully – though Finch is now considering launching a Supreme Court appeal.

UKOG shares rocketed 20.4 per cent, or 0.02p, to 0.14p"

https://www.dailymail.co.uk/money/markets/article-10528469/MARKET-REPORT-Rush-warehouse-space-boosts-Segro-profits.html

many feel that 10p + is possible in the coming months here:

"Horse Hill production consent upheld by Court of Appeal just announced. Production and the expansions can continue at HH. Also bodes extremely well for UKOG's Loxley, Arreton, etc.

MP's, Minister Jacob Rees Mogg, Lord Frost, lobbying UK government to allow fracking, which would increase flow rates and longevity.

Drilling about to commence in Turkey on previous discovery that flowed oil. This alone could make it a 20x bagger this year when the oil flows, with even more upside to follow.

Oil and gas prices high.

Buy UKOG for a 20x bagger this year imo."

I understand holders sitting on averages in the multiple pence range still being salty even after todays court win, they should be feeling more positive for the future of the sp now though as at least the production avenue is back open finally, presumably it will take a bit more patience for them to all be back in profit but most who bought up to the 5-7p range should be back in profit in the not too distant future after todays transformational ruling!

Amazing news, amazing day, hopefully the much talked about push back to multiple pennies will now finally begin!

Yes, I was questioning the previous posters figures as like I stated too many shares in issue for that sort of outcome, should see a new year high into the 1-2p range short term presumably on the back of this court battle win though

Surely far too many shares in issue here for a £5/£6 sp though here?

Is the 2-5p sp genuinely on after this court win? seen quite a few mention this kind of sp on here today.

10p + very short term here surely should be seen, FCA approval is a big deal, just depends what value the market put on it! I'd like to think a good 500% but who knows! prominent weekend media coverage should be the sp no harm at all early next week!

What should this news be worth to the sp short term?

My understanding is that those previous highs were in fact 8p and 20p but to be fair the sp should easily surpass those prices possibly this quarter even!

Yes, many seem to believe that true value is now in the 5-10p range, as always time will tell!

Thank you for confirming Tony, much appreciated.

I am happy to be corrected if that was not in fact the case

Yes, it does seem like a genuine 100 bagger opportunity for sure.