Member Info for nhawan

mcap, shares in issue, timescales are the reason UKOG is still low.
Traders know the EWT is still going on for a few months yet and there are some large sellers like Solo in the background keeping a lid on things. I expect the sp to recover once KL3 is finished and the RNS says is expected to be commercial. The KL4 should be over 1000bopd which will kick things into gear. Even a TR1 from Solo may move the sp up.

If Solo have reduced to less than 3% then a TR1 must be released soon.

Strange that there were almost no trades for the past half hour. Where's everyone gone?

I doubt if they have even sold 150m yet. If they have sold a large chunk today then we may see some large delayed trades.

Problem is that the buys were at 1.98p an hour ago and 1.96p now. It means the ask is weakening due to lack of buying pressure. Sadly another false dawn by the looks of it.

Caution. A TR1 needs to be issued if they reduce holdings to 3%. That threshold would be crossed when they hold 166m shares or less.

I reckon they still have over 160m shares to go.

If TW and others are deramping it usually means shorters are going to try and push this down while we wait. Plenty of fun and games coming over the next couple of weeks.

Sadly it looks like it. Solo investors should seriously dump that @#@# company.

If Solo sold 50m today then the remaining 171m would be finished in a few sessions if they continue to sell. However, I think they would be very stupid to sellout at this stage of the game and their investors would be very annoyed.

@lenigas is on fire now with multiple shots for HH. I think they were quite for a while in case it went t@ts up but now that success is in sight DL is posting a lot of pics and tweets.

That 893bpd figure may well be what they have achieved from the KL3 layer but for a short period. Plenty of KL3 testing to follow so the sky's the limit.

Dear oh dear... iknows@@tall
Buy/close your short first thing in the morning if I were you.

Enjoy a good (sleepless) night.

Wow that is a large trade which could also by a buy hence the sp moving up. If it was a sell then it also bodes well for the future since that was mopped without a second thought.

A 2p+ close coming up. Potentially going to test 2.5p tomorrow or in a few days. The Kimmeridge is derisked massively.

The pressure data indicates that both Kimmeridge layers are linked and potentially one massive layer. I wonder if they will open up both K zones + Portland at the same time and max out the choke to 64/64 at some point.

A combined flow rate of over 2500 bopd would be a great headline ;)

The KL3 zone is still being tested and we will see more tankers over the coming days/weeks. I expect KL4 to start by early November at the latest.The MM's should not be holding the sp back if there is demand otherwise it will totally demoralize many investors who will sell off at the first given opportunity.
A stable or rising price makes the share more attractive to new investors rather than one that is constantly dropping.

This looks like it's going to close above 2p. There is no reason for a drop after this great news.

I was expecting them to test KL4 but they went for the deeper KL3 first. That explains why it took a while to setup the pipes, etc. I wonder if they will also test the lowest KL1/KL2 layers if they have time.

Sell on news crew are finished. Looks like a recovery in progress since the news is really positive. Can't see any downwards pressure as more people become aware that HH is looking to be declared commercial. A repeat of last year's rise perhaps?

The KL3 flow rate is higher than the 2016 rate of 464bopd. It is now between 563 and 771 bopd which is a nice improvement.

I think a lot of pi's are confusing the KL4 rate of 900bopd with the KL3 result shown today. The news is very positive and nothing to induce a sell-off.

There is certainly manipulation going on. There are trades of less than 1000 shares going through which is very strange when you consider that the broker fee is probably as much as the share value.