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Just under two weeks ago we were told that 'The sourcing of suitable perforating guns to run in the 9⅝ inch casing is currently underway.'
Now I am no oil expert but how long does it take to source such an item? Alright, I know you can't just pop down to Tesco's and get one but Turkey has been conducting oil exploration for a number of years now. There must be suppliers in the country.
Further, did no one in UKOG foresee the possibility that such an item might be needed before drilling started and at least locate one? Or failing that organize to have one on hand to be flown in if it was needed
Abraham Lincoln said that the chicken was the wisest of the animals because it didn't crow until the egg was laid.
Let's just be patient and wait and see what hatches.
Interesting tweet 23 mins ago. 'Testing continues at Pinorova-1 over zone corresponding to strong oil odour and oil to surface.'
.
Which is worse? The Derampers, who yesterday were predicting the SP falling to 0.06p or lower, now using weasel words to justify their lies. Or those same Derampers, who by their actions, have caused a lot of investors to lose money by not getting in at a lower price.
Of course, the Deramper's greatest hypocrisy is that all, yes every one of them. claim that they are only doing it to save investors from themselves.
Here is just a small selection from the predictions of the Derampers yesterday.
anyoneforcricket
RE: Abandon SHIP......Today 12:51
O.06p incoming,
Redheadedrager
Heading for sub 0.05p by Friday - get out!Today 12:34
This is a wealth protection alert!
MickR
RE: Uh ohToday 12:24
Oh dear....back to sub 0.06p IMO
CynderLad 14:15
The SP will return to the 0.06's very soon, and then downward towards the 0.02'
The SP is tracking up again in anticipation of the drill reaching the target depth. If you listened to the Derampers and have been holding out for a lower buy-in then you have missed out. Their negativity has cost a whole lot of investors money. Do not listen to them and trust your own judgment.
ZYX098 Touched a nerve, did I? Perhaps you should read this post about Trolls that I posted on this board just last week.
A frequently asked question on this and other BBs is why would anyone make multiple comments about a share they are not invested in? Well, research conducted seven years ago gives a clue about who these people are.
According to research conducted in Canada in 2014 Internet Trolls Are Narcissists, Psychopaths, and Sadists.
Trolls will lie, exaggerate, and offend to get a response.
They conducted two online studies with over 1,200 people, giving personality tests to each subject along with a survey about their Internet commenting behaviour. They were looking for evidence that linked trolling with the "Dark Tetrad" of personality traits: narcissism, Machiavellianism, psychopathy, and sadism.
They found that Dark Tetrad scores were highest among people who said trolling was their favourite Internet activity.
So before you respond to them please bear in mind that these trolls are some truly difficult people so the best thing you can do is ignore them.
Pinarova-1, located 6 km north of the Basur-1 oil discovery, is designed to test a working hypothesis, supported by well and seismic data, that the active 41.7° API light oil seep found last summer in a seismic shot hole above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation of some 9 km² areal extent within the Hoya limestones, lying between c. 300-645 meters below surface.
Given this information where do the derampers think the well should have been drilled? Judging by some of their ill-informed comments they would probably have opted for Greenland.
Anyway UKOG made its decision and opted to drill where the seismic data indicated.
Lo and behold, as they were drilling last week they encountered oil shows in drill cuttings from 358 to 400 metres drilled depth. What would the derampers have done at this point? No doubt they would have declared it a duster and walked away. UKOG decided to swab the hole. Mind you what would the derampers have said if UKOG decided to ignore the oil shows and just carried on drilling as if nothing had happened?
The results proved INCONCLUSIVE. It's a duster the derampers cried. We warned you they shouted.
UKOG then says OK let's carry on and drill to the original target. It's still a duster the derampers cried. Walk away they said.
Well, it may be a duster but until the drill gets down to the target no one knows. So be very wary of these derampers they do not have your best interests at heart and they are some very nasty people. The biggest clue as to their true nature is when they claim to want to save the PIs from themselves. Trust me that is the last thing they want to do. They have a variety of agendas but your welfare or well-being does not appear amongst them.
That's interesting. At 02:07 Rich3648 updated their rating for UKOG from Doom and Gloom to Gloom. Looks like we are about to turn a corner.
I think we are extremely fortunate on this board to have all those contributors who spend most of their lives on this site trying to save people from themselves. I have no doubt that should they deter someone from investing and UKOG does not flourish from this very low share price, then that person would be truly grateful.
Of course, what intrigues me is why they just confine their activities to this board or maybe just a couple of LSE boards.
What about all those people who I see walking into the high street bookmakers? Over 90% of people using these facilities lose money in the long run. So why aren't the Guardians of UKOG not out there saving these people from themselves?
What about all those people who use online casinos? Surely they are far more worthy of the Guardian's attention? What makes UKOG investors so special?
Anyway thank you to the Guardians of UKOG I am sure that your efforts are appreciated. However, I do have just one more question. If I take your advice and UKOG becomes a multi-bagger from the news over the weekend, will you compensate me for the loss I will experience from not being invested?
Rich3648 this share is not worth 700th of a penny as you claim. It is worth 0.07p. To put this in context for you this means that approx 14 shares are worth 1p...... I.e. 0.07 X 14 = Ip approx.
If it was worth 700th of a penny, as you claim, each share would be worth 0.001429p approx....... I.e. 0.001429 X 700 = 1p approx.
Is 10p a realistic price if there was positive news in mid-May?
A frequently asked question on this and other BBs is why would anyone make multiple comments about a share they are not invested in? Well, research conducted seven years ago gives a clue about who these people are.
According to research conducted in Canada in 2014 Internet Trolls Are Narcissists, Psychopaths, and Sadists.
Trolls will lie, exaggerate, and offend to get a response.
They conducted two online studies with over 1,200 people, giving personality tests to each subject along with a survey about their Internet commenting behaviour. They were looking for evidence that linked trolling with the "Dark Tetrad" of personality traits: narcissism, Machiavellianism, psychopathy, and sadism.
They found that Dark Tetrad scores were highest among people who said trolling was their favourite Internet activity.
So before you respond to them please bear in mind that these trolls are some truly difficult people so the best thing you can do is ignore them.
If you think I am a Troll please reread the paragraph above and follow my recommendations.
If you don't think that I am a Troll don't bother replying but a recommendation would be appreciated.
When you say, ".If you rationally think about it with all this news it should be near £2 ask yourselves why this hasn't happened."
I am more inclined to ask what happened to the 30p buy in price you were promising a few hours ago?
Given that a lot of what was mentioned in the RNS was the subject of conjecture and very strong hints we should ask ourselves why your SP forecast has gone from 30p to £2 i such a short space of time?
Chrispy you are asking for opinions about what tomorrow will bring and as I pointed out what you are really asking for are guesses.
However in the interests of being fair and promoting constructive criticism I have managed to find a guess for you to have a go at.
This was posted at 8:36 this morning and is quite forthright.
"You mark my words 30s in bound and will be staying there"
Now who posted this? Oh yes it was you LOL. So if that is your best guess how is it working out for you?
Chrispy since no one knows what the future will bring what you are asking for is guesses , not opinions.
Since your guess will be as good as anyone's why not kick us off with your best guess and then we can pick it apart.
Oilriches, instead of me contacting the company why don't you share the information you say they have given you. If it confirms an institutional investor the SP will go ballistic imho. So come on we are all friends here.
wasred what I said was a longwinded way of saying that I am not invested and I am not going to invest until I have some information on which to base my investment. It would also be helpful if I could trust the company providing the information.
If you can't counter my arguments just going into attack mode makes you look small and petty.
it is said that the definition of insanity is, "doing the same thing, over and over again, but expecting different results."
Reading this BB makes me think that this should probably be amended to include, " Rampers and derampers repeating themselves endlessly in the mistaken belief that they will change the view of the person holding an opinion that is differednt to theirs".
HH1AN2 you can of course say that you think that someone is wrong in your opinion. However, your comment would gain some credibility if you could say why you think they are wrong.