Member Info for nhawan

The rise and then drop is due to short term traders as always. Why else do you think a share increases just before some expected news? Traders will make their 10%-20% and then move on to the next share with imminent news. The sp will recover once the rig is on site and we get near to the target zone but short term it may well hit 1p or less again.

I'm out. The lack of rise is unnerving so better to bank profit than come back and see red. The dilution shares come on market tomorrow too.

MM's mopping up shares from the sell on news crew before next move up. Drilling to commence in a couple of weeks. Full steam ahead.

:)))))

It's gonna pass

He's clutching at straws. There would be legal ground to challenge them if they defer since it costs UKOG money to wait another month or two.

Looks more positive. I think the bond issue is a non-issue and they will approve it.

Could be a deferment on the cards. They take other council statements seriously.

It's a tricky situation. No doubt many of the councillors will be taking their constituents side in the meeting and possibly delay the outcome until the next meeting on 16th Oct 2019 to make it look like they are listening to them.

If permission is granted then sp should at least set a baseline at around the current sp and move up slowly as we move towards drilling. If it is not then it's probably heading back down to 1p.

Looks like Rupert has finished buying hence why the rise has ran out of steam imo. Not bad for a few days play for traders.
Can't see this price staying up here for long without the background buyer. There simply isn't the volume.

It's the usual profit taking at around midday. Expect it to stabilize around 28p and then push up near close. Can see a big push up when the approval is granted. The crane arriving on site today indicates that things are going to move quickly after tomorrow's decision.

https://drillordrop.com/2019/09/09/planners-back-15-months-of-drilling-and-20-years-of-oil-production-in-surrey-green-belt/

According to this article tomorrow's planning meeting is just a formality. No wonder sp is moving up fast. Get in before it takes off.

UKOG seems to be a far better play at the moment. It should be hotting up before Wednesday's planning meeting.

So only arranged to entice more unsuspecting pi's to fuel their salaries. I'm surprised the sp is holding above 1p even when there is a clear delay in submitting the Balcombe EWT application. We won't be seeing any testing this year for sure since it can take more than 6 months for approval.

Very cautious with this presentation. If they had good news they would announce it before arranging any meeting. Why hasn't the Balcombe application been submitted yet btw? Let's hope there isn't more bad news coming and the meeting is for damage control.

The open period for directors to buy is probably almost over so if Lucan doesn't buy anytime soon then he won't be able to. Doesn't rule out him getting share options though. Sp looks like it will test the lows of 1.15p over the next 2-3 weeks.

Let's see what is closes at today before getting excited about getting in at 1.4p. The close has been consistently lower every day for the last week. The chart trend shows a clear decline so not sure why anyone would buy in right now. It has to level off and consolidate before we can say it's a buy.

The sp has been slowly dropping daily since the pump with a consistent lower close. Most will be looking to see when it finally stabilizes and bottoms out. May be near end of August before any reversal.

Not the best time to buy. Maybe wait until near mid-August before making any move when their submission for Balcombe test is expected. If they don't submit the application by end of August then sp is going down sub 1p.

Balcombe will be flowing for sure but it's sad that the BoD stil haven't submitted the applications to test it. We will have the chance to buy back at 1.2p or less over the next month or two while we wait.