Member Info for nhawan

SP is suddenly lucking stronger. Are we ready for a rise now?

The sp bounced all the way to 2.6p from around this price back in August after declining for a month. The current chart trend shows almost the same downtrend again so expecting a reversal very soon.

You obviously keep an eye on it in case some tanker pics or videos are posted ;)

Wow.. I wasn't expecting a tanker so soon after the shut-in. Looks like the KL4 zone is flowing very well. Great stuff.

I think Solo wanted a share deal to stay in the Weald basin project. If they had taken cash then they would not benefit from the future commercial production from HH.
They will not sell all of the shares otherwise they risk losing many investors who are only invested due to their interest in HH.

They were pressure testing over the weekend so would have been shut in for a day or so. The flare is back on so oil is flowing again. Expect some tanker action tomorrow imo.

If Solo did sell all their UKOG shares then I expect many Solo investors will also sell their Solo shares since they invested because of their Weald basin interest at HH. I expect them to keep the majority of their UKOG holdings for the long run otherwise they would essentially have exited the UK market.

Someone had to buy the shares sold by Solo. Obviously is a weight on the sp but it hasn't caused any major drop as some may be hoping. Solo need cash but I doubt they will sell all of their UKOG holding before the EWT is finished.

It was not a sell. It was virtually impossible to sell any large amount of shares at even 1.97p and you think someone could sell that many at 1.98p?

Just accept that when many people sell there are always others who buy those shares from them. The 25m trade was from someone who perhaps has knowledge of the bigger picture and has positioned themselves to take advantage.

Someone who knows this is going up big style once Kimmeridge is declared commercial. There is no way an oil field of national significance can be ignored for long.

From your calculations anyone would think that UKOG is worth only the total of the Portland zone at HH.

Have you taken into account the Kimmeridge/Portland zones at other assets such as BB, etc?
Once we know the Kimmerdidge is flowing commercially then I'm sure the valuation would be way higher. Portland as it stands is only a tiny fraction of what UKOG owns.

The news today is positive so there is absolutely no reason for the sp to drop except for traders hoping it will. The short term prospect for the sp is upwards since the Kimmeridge is being tested. More tankers will be seen be next week and the Kimmeridge is already de-risked due to the 2016 test and the recent ANGUS test.

May be about to bounce after the usual sell brigade have been relieved of their shares. The Kimmeridge is flowing and we should see more tankers regularly now.

What stinks is SS trying to surprise the markets with RNS's at random times. If he is attempting a positive response from this then it is not working. We need better PR and a CEO who can inform the investors better. Where are the video interviews like he was doing a few years back?

The MM's can easily manipulate the sp when a random RNS comes out since many investors are not watching the screen and volume is low. Watch them soak up the sells from the short termers and then bounce it a bit later.

I think the real sp mover will be the Kimmeridge. We all knew the Portland is flowing and commercial but the game changer can only be the Kimmeridge since it has thicker layers and more acreage. Expect some more tankers very soon.

With UKOG on the cusp of declaring both the Portland and Kimmeridge commercial I doubt that SOLO will sell up just yet. Also the volume is far too low to suggest any big seller in the background.

Surely those waiting for an entry price would have got in today. It tested 1.85p but went up on the tanker sighting. Maybe another chance won't come at these low prices.

£95K is not going to move the sp much either way so not sure why people are getting excited. Now if there were more than 5 of these in one day then maybe it would make a difference.

There have been a number of similar large buys over the last few days though so possible someone is accumulating but doing it at intervals to make sure the sp doesn't move from the current range.

It has to bounce soon. The sp is currently around the same price as the last HH acquisition from SOLO and it did bounce from this level just 2 months ago. The 1.8p level has been strong support so let's see if it does the same again.

Well something is going on in the adjacent field as shown by the videos. It may be the additional wells they are planning which would indicate positive news surely. Any bad news would not result in additional digging up of fields additional fields.