Member Info for nhawan

A stable rise of a few percent per week is better than a rapid rise leading to a spike. This should close above 12.5p and resume the uptrend tomorrow. With few willing to sell I reckon any site activity will really get it moving.

If the current ANGS price is equivalent to the UKOG price of around 2p before it's rise to 11p then we could be looking at a massive rise to the 40-50p range if it flows like HH.

UKOG went to around 400m MCAP at 10p so the equivalent rise for ANGS would be around 100p. A bit optimistic but even half of that is amazing.

Can't buy much without NT. Looks like 13p+ very soon.

The quote to sell has increased from 12.24p to 12.35p now. Someone wants those shares.

Bergen must be out. It's incredibly difficult to buy any decent quantity which indicates that the sellers have dried up.
This will be hitting 15p+ by end of week if there is any sign of life at Brockham.

Strange how there were virtually no sellers at 11.8p half an hour ago but when the sp started rising it met resistance and there are even people willing to sell at 11.6p now. What gives?

Should hold 10.5p to maintain the uptrend. Profit takers closing on Friday but should be back on track later today or Monday.

The RSI indicates as well oversold now. May be about to bounce. Tempting to add some more.

The trades showing as sells at 12.2p are actually buys since I can get a buy quote for 12.2p to buy and a sell quote for 12.01p.
The spread gives a false impression and makes it look like most are sells.

Can buy for 12.035p now. The rise has gone ahead of itself when Brockham has not been confirmed to flow yet. To say it's the same as HH-1 is like the situation where everyone thought Broadford Bridge would be the same.

I remember when UKOG kept going up like this for a week. Some are going to get spiked very soon.

The Portland was never the main play so not expecting a sustained rise on the back of today's RNS. An opportunity trade for sure.

The KL3 layer is deeper down so there must have been a reason why the changed plan to test that instead of KL4 first.

A reason I can think of is that they didn't want to perforate the pipe higher up at KL4 then install new pipe to test the lower KL3. By testing KL3 first they can leave the same pipe in and just plug the pipe above the KL3 perforations.

LSE always behind. The holdings RNS was already known by most due to SOLO's RNS but still is no excuse to not update the UKOG section.

KL4 is around 563-771 bopd from the last update and one tanker can hold just over 200 barrels. 2-3 tankers per day is what we would expect.
The KL3 zone should be 1000 bopd resulting in 4-5 tankers per day.

I'll take a large chunk from them if they want to sell for 1.7p ;)

Too bad they are trying to hold it around 1.9p to offload. MM's should punish them like they do to pi's.

Am I right in thinking that now that Solo are below 3% I think they are not required to issue any more TR1's?

The press article I read states that DL is claiming over 100B barrels of oil in the weald which is probably why ASX halted DOR trading.

https://twitter.com/DavidLenigas/status/1051081293407113216?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Strict rules prevent such claims without proof.

Why is that every time the sp is about to recover there is some 'speculation' or similar BS and the rise is halted in it's tracks. If there is a 'press report' as stated in the DOR RNS then where is it? What does it say?

What would be worse? An acquisition of DOR with share issuance or cash? I doubt DL would sellout for cash.