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Unjustified fall yesterday and at the end of last week also which would only be taking us back to the 19p and higher we were before that. We were 23p prior to results and we should be heading back there in the short term.

There has been no company negative news, we are still producing oil and getting $57 per barrel hedged for 60% of our production. Not many other oil companies out there that can claim that.

Then the Ugandan assets sale could complete along with another $500M worth of asset sales on top.

By the looks of things and the leaks in tonights media for what Boris Johnson will be saying tomorrow then there is No 2nd lockdown going to be announced. So the reason for today's market madness and fall in most stocks seems misplaced.

https://www.dailymail.co.uk/news/article-8757443/Boris-slams-Britain-reverse-PM-address-nation-ordering-pubs-close-10pm.html

The share price should have gone up today as you have just had confirmation of "Significant" gas at Loxley.

Today's wider market mayhem enabled one or two players here to bring the price down to where they could pick up cheap stock. I count 7 price monitoring extension RNS's.

This significant gas resource just strengthens the case for Planning approval as it will assist with UK energy security and make us less reliant on the likes of Russia for our gas supplies.

We had somebody or somebodies take advantage today and picked up between about 12 million and 15 million shares on the cheap.

We are still producing the same oil we were on Friday and profitably and 60% is being sold at $57 per barrel.

Unjustified 8% / 9% fall with no accompanying bad company news.

Shell (RDSB) by comparison is down only 1.75%, and they probably don't have a $57 per barre; hedge.

Like I said, over-exaggerated fall @TLW.

For a company that on a hedged basis is guaranteed $57 per barrel on 60% of its production.

At under 950p which I intend to hold for a while.

Just surprised that with so many economies getting back to a new normal that the market makers think a stricter restrictions in the UK will actually impact on the overall global demand for oil.

Penguin I am not going to engage in dialogue with you as you are a miserable deramper and never ahve a good word to say about UKOG. Pop a short on things and watch it burn as the planning meeting approaches or load up.

I'd say this todays news is significant

"The portion of GIIP estimated to be recoverable to surface via any future production, the mean gross recoverable resource, is cited as 34 bcf, representing an estimated recovery factor of approximately 70%."

Todays RNS is good confirmation that this will contribute to the energy security of the UK and another tick in the box towards Planning approval.

It will rise into the next Planning meeting given

This morning RNS

Previous Planning officers recommendation.

Perhaps you might wish to contact BP or Royal Dutch Shell and ask them why they likewise don't publish full reports. It is a competitive world that companies operate in. That is why.

Its just always handy to keep a perspective on things.

The RNS this morning adds to the case for gaining approval as it validates that substantial gas is there.

Just remember also what the Planning officers previous recommendations were before the previous kangaroo court of a planning meeting.

https://mycouncil.surreycc.gov.uk/mgConvert2PDF.aspx?ID=68181

We could be in for some very creditable gains between now and this getting through Planning this time around.

Still it generates volume and lets the Institutions pocket your shares if you wish to hand them over, or you join them at their own game if for instance your share is one that would not be solely impacted by what is UK based market hysteria regarding 10p.m. curfews for the leisure and hospitality industries or circuit breaker lockdowns. The Uk is a small fish in a very large pond.

To illustrate the cuckoo nature of market over reactions there will be big gas guzzling trucks and chevvies driving on every Interstate highway in the USA and Canada right now and will continue to do so as their economies recover and restrictions ease and it the wheels of industry - all over the world - are reliant on oil and its derivatives. China, Japan, Canada etc etc etc.

More relevant to the sectors that will be most affected like for instance leisure and hospitality.

The LSE Bulletin board crashed this morning as that is Big Gas news off UKOG for Loxley and it gives everyone a hatpeg to hang their hats on.

It is looking like real good value again heading towards that next Surrey County Council Planning Committee meeting.

Now we know there is good gas there we should hopefully get to see a rerun of the last spike.

This mornings news alone is worth more.

It seems to want to hit all stocks in the same way when in actual fact TLW sells its oil on the world stage and to plenty of economies that are open and reopening for business. (USA, Chine, Far East etc etc)

Furthermore we are getting $57 per barrel on 60% of our produced oil, irrespective of market turbulence.

Dubaidave your post has a disingenious flavour to its enquiry.

The share price was 23p prior to results and was manipulated down prior to that day. It is in my view a highly conservative guesstimate that it will get back there.

Overdone fall imvho for the oil price where it is at.

Always somebody trying to work a cheaper entry price.

There was no real reason for Fridays fall what with the Oil price holding firm give or take a few pence.

Hence why I bought some more.

It was worth every penny of the 23p it was on the run up to results and it will get back there and add a bit more. 60% of TLW's production attains $57 dollars per barrel (hedged). That is good going.

It should still be going up from this mornings 19p

Managed a top up also just prior to the close of business.

Likewise i think the fall from 19p is overdone and given

The improved oil price.
60% of our oil hedged at $57 per barrel
$575 to imminently come from the sale of the Ugandan assets to Total.

All the best

Interesting dip Nickel given that the oil price is holding up well and the likes of BP are only marginally down.

Its more than 3% M00la and exactly. For what.

We are continuing to show films and in our key market the USA where we have about 50% of our cinemas open that will only continue to grow.

Far too cheap

Imvho

Too cheap a valuation