Member Info for nhawan

The sp fluctuated because of the sell on news crew, nothing else. The flow result today massively derisks the well and looks very positive for the kimmeridge tests. Remember that a rate of 352bopd would be greatly improved by a horizontal well when producing..

Expecting a test of 3p next week.

Seems strange for it drop a bit when some positive pics have been posted on twitter. MM's probably trying a treeshake to entice more sells before the next leg up. Can't see any reason to panic when we know the tanks are being filled. The portland zone is obviously going to be a fairly low rate so nothing to worry about.

https://twitter.com/WealdOilers/status/1019116098577469445

After today's pic of the close up of the tank gauge I looked back at the comparison pic from Monday and it can be seen that one tank was filled in one day since it was empty on Sunday. No one noticed that before.

Excellent.

The gradual rise per day suggests someone is buying alot of shares like last year when it rose to 11p. This time we already know the well flows so it could go crazy when tankers are sighted.

It looks like we should see a test of 3.15p this week. If it pushes past that then it's a true breakout and the sky is open.

DL cannot buy or sell whilst have insider knowledge as head of DOR.

It looks it is probably a buy though since the sp recovered slightly between 2.00PM to 2.30PM. The order would have been placed at around 2.00pm and filled at 2.20pm. A sell would have dropped the sp instead.

Judging by the chart trend 2.4p should be the support before the next leg up. A tanker sighting this week will push it past 3p easily.

These small drops always happen. No share goes up in a straight line. So far it appears to be a repeat of last year. A positive result and 4p is on the cards short term.

Should see it consolidate around here but I can see a positive close coming. News must have leaked.

So tempted to trade but something tells me I should just hold. The first sighting of a tanker and this will be over 3p in a flash. It might hang around this price for most of the day but that is good since we don't want big spikes.

What with the placing shares talk? If placing shares are indeed being sold at 2.3p then those people who bought them at 2p sure don't value UKOG much. Surely you would expect them to hold out for a higher price like what pi's are predicting.

well do whatever you want mate. The most recent thread I replied to has been deleted quickly because it implied something negative so I assume they don't want the buyers to stop just yet. I derisked some for now.

we've had 2 x 5m and 2 x 7m SELLS gone through today. Does not fill you with confidence. DL better not have sold out on the sly.

Let's hope the flow rates are as good as expected.

Not really expecting an RNS just to say flow testing has started since according to the pics on twitter it already has started. The main RNS should be the actual stabilised flow rate after a week or two of testing.

Hopefully we will see some tankers this week but it could go either way as usual.

Some hefty sells gone through. I hope someone hasn't got an early whiff of the flow rates..

Can't sell any large quantity without NT though. Just the usual pump on Monday morning. Without tanker sightings I doubt this will breakout from the current range.

"You can't buy after the market closes at 4.30. They are delayed reported trades"

If you place an order as an NT then the trade can be dealt and reported even after 4.30pm. An NT allows the brokers/MM's to screw you over and this is what happened in this case.

The MM's ripped someone after the close with that trades at 2.4p and 2.349p. Notice how the UT dropped the closing price to 2.3p. The buys were going through at 2.32p in trading time.

Problem is that the news could be bad as well as good hence why some are derisking.

After today's RNS I doubt if another comes out Monday. They'd have to test for at a week before getting some figures.

so that's where he's been hiding.