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Massive amount od buying today the MMs were really struggling . The 12s were the sells anything else is a buy it is what it is the price wont be in the 12s for much longer we normaly rise a couple of weeks before the next result and match the numis reports previous estimations. dyor
HH has got an oil storage issue with them only being able to store 3500 bopd . I believe in the event of access they can deply above 20 tankers a day . during the testing phase only . which there after will ltd them to 3500 bopd . at HH which is a right few million $$ a week . more than enough to move to IOW and use the surplus cash to drill that and the other licences looking good down at HH as tankes have been seen first thing. I wonder if a pipe line is a feesable option if the flow rates are this good.
It looks to be 4 to 5 tankers daily now min. thats about over 850 bopd amazing for a smal cap company to be earning such revenue dept free . I believe we may also have a hostile takover on our hands this buying volume is unreal . If it is a hostile takover the highest the share has been is the price I believe we are over a 1p then not what most wanted but will give SS the payday good for him . Best we can hope for is its not and we are in a buyout but with benifits . Only my thought but very excited to see this progress. #ukog
Hi Tymers
you have been fighting ukog corner here and rightly so. A lot of the new investors will owe you a bit of thanks for that. I think its worth reminding everone that the task of getting oil to flow is a very difficult task with few ever making it work . To many to mention but a popular one being 88e . The costs are very high and being able to drill at less than 3 million a well is key . ukog have by the look of it solved the puzzle. A flowing well above 500 bopd is amazing with costs lower than 13$ very hard to achieve . The kim layers will if flowing will change the forunes not only of ukog but the onshore oil industry . SS has been confident from day 1 and has now proved the concept . Easy money from here with loans a lot easier to achieve . He will use HH to feed his other licences now with many options . I hope to see 4 more wells being drilled in HH . and a nice 3000 bopd within 18months. But knowing his modus operandi id say we will be doing all three licences at once . So new investors do not panic if he does I always take a little of the top if 100% profit has been achieved just incase you get a chance to re enter a little bit lower not advice just what I do . My first target is a nice round number of 1.30 followed by 2.33 on what we have currently . There after the cpr will move it further if respectful from HH . I believe the ream monay and main event lies in the other licences . Anyway thanks Tymers .
Shorting in the sence that most people understand cannot take place however spread betting is similar and margins could be called causing a sudden need to buy back large anount of shares. Also the naked shorting of shares can occur when brokers without your permission lens out shares , in the even to f a sudden rise a bit like a propert crash the lenders get worried and ask for the shares bacj this also leads to problems . dyor
Some history these bilionaires thought it was good enough back then , I wonder if they have now came back into the equation due to the success at HH. #ukog #rerate
French billionaires buy into 'Gatwick Gusher' oil firm http://dailym.ai/2vtblQS via @ThisIsMoney
The shares have increased but that wont mean that much when each acres has been valued at 10x the current price they own a lot of aceres and oip, cpr, and 30% more ownership , Should answer that questions do the maths. However yes I agree the buying of the acerage has come at a cost but since then $13 costs on a barrel increased licences iow and the current share price lower than the cost of equipment and licences . If we were at 5p I would urge caution . dyor of course my opinion only.
The modus operandi is the same everyday share held back to fill orders , Why is it that that happens to good companies ?
The numis report has ggp at good bit higher 15p . On two previous occations the share stayed abour 3p below the target to allow an orderly entry. This does seem to be taking the same path .As we go into July the numis guide will be met and may increase depending on other factors. It seems that other licences in particular scally will be worked on soon and proved up by ggp before the a JV will be undertaken . All in all with no valuation placed on other 100% owned licences and the numis report being ahead of the share price ggp looks cheap. dyor
Its been a bit of a slow process but all seems to be going to plan now , UKOG have had some bad luck with the oil price and the covifd virus . Not anything they could have done about that is there? Now he has hadto sort the YA situation as it was eating away at the shares . It looks like a fair idea as oil price is now rising to get as much out of the production well to pay bills and gain some much needed cash flows . He is throwing all his efforts into the production well and everything else look on hold . Remember planning is in place for 4 more wells . This production well should increase the flow rate by increasing the perforations and may be perforating layers not being utilised at this moment ie kl 3/4 to full potential the larger pump indicates that intention. good luck ukog with the mext phase you deserve it.
Can feel the need for speed here now tankers first thing and looking to break through the 3 tanker a day seal. Oil is rising steady now and so will the revenue with ukog . starting to feel like a buyer is taking bigger bites .
New pump was fitted and disturbances would have reduced the progress they could have just started pumping today and pictures of the flare going full steam ahead tells you it has been ramped up .One thing for sure plenty of oil....