Member Info for nhawan

The valuation of HH shows that UKOG is currently way undervalued at only about $13m MCAP when it should be around $100m. A multi-bagger on the cards if they can prove HH output is over 1000bopd with a target of 3000bopd in a few years time..

No one can attend it due to COVID. It will be held online but no idea where the link is.

At this price even the recent placing shares are nder water. Who on earth is actually selling at a loss?

The markets are overbought due to lots of pi's trading during lockdown. Many will be underwater after this latest pump & dump.

I suspect the drop is the old tactic of relieving stressed pi's of their shares before the news comes. AGM next Wednesday so should be some news beforehand.

Nah mate. Most oil shares are down after the pump up before the OPEC meeting last week. UKOG has consolidated around the placing price. Anyone hoping to get in below 0.2p will miss the boat. AGM next week and according to the last RNS a 'material' increase in flow rates is expected after this week's re-perforation exercise.

People complaining about twitter but look what happens when there is a tweet about rumoured OPEC deals or whatever. The POO price rises or dives on such news.
If FOTH shows that there are 4 tankers daily I suspect the sp will rise pretty quickly whether the doubters get in or not.

If I lived near the site I'd probably do the same as an Investor or trader. The pics and videos are invaluable and can potentially alert you to good or bad news. How many other shares have the luxury of daily 'surveillance' updates?

Looks like they are getting a move on. Perforations done by Friday imo with tankers rolling out by Tuesday.

Why waste time deramping here? I assume you are wanting to get in cheaper before it takes off. Perhaps you better re-think your strategy before the AGM next week. Would you really want to be out when the company has cleared it's debt and the sp has held 0.2p even after the apparent huge number of 'sells'?

sp was around 55p pre-COVID when POO was $60 so don't get too excited. The current price is probably overbought when POO is $42.

and out at 36p with a nice 13% profit....
in and out is the way to go.

Exactly. Why on earth would someone give out £4.2m in return for shares at 0.2p if there was real risk of the company folding. It would be impossible for them to get the money back if the sp stayed at or below the placing price. They would have done due diligence and have deemed it a good investment.

Oldbury,

There is still one and a half week left for the AGM. an RNS can land before that thus allowing them to discuss it at the AGM..

Yes the fact that the sp has held 0.2p tells us that the buys vs sells is about equal even though the reported trades suggest there were more sells. Enough buyers (or a buyer) are willing to soak up any sells at the moment which bodes well for a move up as sellers dry up. Who on earth is actually making any profit selling at this price???

+1
Anyone with the ability to read would have seen that but there are still people who try the old deramp. There may be more than a few tankers coming and going since no one is going ot be sitting outside watching all day or late in the evening.

The LONGWAIT has missed the bottom while he was trying to claim some people are posting 'dishonest' info. LOL

Sp starting its rise. The placing shares will be done by next week judging by the volume. With now YA to constantly put sell pressure this will be moving up. Charts say its oversold.

Only the desperate will be selling right now. This will be moving up shortly. Those who have the intelligence to know that most of the reported trades are not actually sells and have bought in will be smiling soon.

The AGM is scheduled for 17th June afaik. Chances are they will put out another RNS before that with some positive news. Can't see them going into an AGM while the sp is at an all time low.