Member Info for nhawan

Well if it goes down to 0.35 does that mean I will sell?...No chance mate. You can sit on the sidelines and troll on here but soon you will either have to jump in or go somewhere else. Any deramps on here aren't gonna change the fact that most holders are underwater while the company has had positive news. No way would they sell out now.

At the moment most LTH are under anyway so is there any point selling at an all time low? The selling is primarily YA right now so we cant do much about it but I think at some point someone will take the whole lot from YA at such a low price. Just need one more bit of positive news.

Backwoodsman, Do you think they estimate costs only to the stage where they take the oil out of the ground without taking into account all stages until it gets to the market?
Usually the total production cost includes the delivery to the customer.

The production costs for HH are estimated at between $17/bbl-$21/bbl (UKOG Corporate Presentation 2018, p15).
Even at the current oil price the extraction is profitable. I doubt if the Saudis will sustain less than $30 for a long time. Their aim is to try and shutdown the US Shale companies which can easily happen in a few months since thier costs are higher than $50/bbl.
Remember that the Saudis need an oil price of around $60-$70 to maintain their economy. They won't be selling at a bargain price for more than 3-5 months imo.

The corona hysteria will die down in a few months as will the oil price situation. The last time the oil price dropped this low, it started rising within a week or two.

It's YA selling. They don't care for positive or negative news since they get their profit no matter what. Until they are cleared the sp will be stuck.

Fuel duty would never be lowered. It's a cash cow. Once everything is electric it will be still there in some form.

I expect around 700-900bopd from the horizontal once clean up is complete. The well will no doubt improve as has been proven in the past drills.

For SS to make a 'public' appearance means all is going well. The guy usually disappears when everything is going pear shaped but now he's visible again. Looking good.

Bladesharp, you missed the bottom mate. There is no way the sp will drop after the water isolation being successful. The sp was well oversold due to the fear of failure to plug the water but that issue is now resolved. Get in before this is back over 1p very soon.

This will be back near where it was 2 weeks ago soon. Those in the know made their 100% and cashed in on the day of the RNS. They'll let it drop back and wait for the next bit of news they receive before the ever suffering pi's.

It's obvious those in the know who got in last week will be cashing in today. Sell on news and all that.
The big boys knew well before the average pi.

Rich- You've been posting negative drivel for weeks now even though you are apparently underwater. Not sure what the game is but it sure looks like you sold out near the bottom and hoping to get back in at a lower price now. Any real holder would not be trying to scare off people. If you think it's a dead duck, move on.

tyche100, what do you mean caution is needed? The flare stack video shows whats happening. It's hardly going to be a deception now is it unless you don't believe your own eyes? Why are you trying to discourage people from buying in I wonder.....

The charts are looking a lot better over the last few trading days. A breakout is coming. This will shoot past 1p within minutes when the water is confirmed to be plugged. Those waiting to get in lower should reconsider their position since 0.6p was solid support.

It's obvious someone tried to scare pi's into selling while they mopped up before the news. Sad that many probably sold thinking this could go down to 0.5p. I reckon the water will be plugged by end of next week and the big players know it. It needs to get back over 1p for many to even break even.

I've taken a position after yesterday's RNS and expect sp to move upwards by next weekend. The shorters will have to close or risk losing out. It's building strong support at the current level.

The water fix clarification is good news
Many were worried they are having problems but in fact it's just a delay in getting equipment. its happening in the next 2 weeks since it's end of January already.

Derampers have som einterest in UKOG hence the constant posts. Either shorting or wanting to get in lower. This will shoot up once the water issue is resolved.

If there are any problem then they would have had to release an RNS but if it's still ongoing work then there is no need. A drop in sp is due to panicking pi's and YA. I reckon we are near the bottom.