Member Info for nhawan

With the placing news out of the way I can see this start to rise in anticipation of the EWT. Potentially the testing could start as soon as next week. UKOG is now fully funded for at least a year and may well add to that if HH has good flow rates. 3p target by end of this month.

So they appear to have released the OGA RNS yesterday to increase the sp to let some people out before the placing RNS. If it was a condition of OGA approval then why wasn't it mentioned yesterday or last week. Very suspect and downright pathetic. They could have easily released the placing RNS first but I guess SS values his mates over investors.

Even at 0.9p it will depend on how much the raise and how many new shares will be issued. Also the reason for the fundraise needs to be clarified.

He's stopped posting the ramps every minute so I guess he's sold.

The placing is still on the cards otherwise they would have had to tell the market in an RNS. Expecting placing RNS next week.

I doubt this is going past 1.6p. In fact I think it's about to drop into close. I'd suggest taking profit.

If last year's placing is any indication we should get an RNS next week, maybe even Monday. Who knows what effect today's RNS will have on the placing price but probably safer to stay out if you are not already in.

When is that RNS coming. Next week perhaps? I think I'll stay out in case it's bad.

After the pain of the fundraise RNS I bottled it and sold out for a small profit. Impossible to get above 1.71p sell price though.

Something BIG is coming....

close your short mate ;)

The sea of red is the usual short term profit takers and the MM's tactic of getting people to sell. Was tempted to sell but I reckon 1.6p+ tomorrow afternoon is likely.

Will it get past 1.65p next week? I reckon it will, especially if the EWT commences....

Short squeeze coming up. OGA is approved and EWTfully funded and most likely to start within a couple of weeks. The fund raise may well be for something else. Interesting.

saunderino, The first mention of fracking and NIMBY's like you come running with the negative posts. LOL.

There is an increased possibility that they could go the fracking route after the BB failure. The need to ensure the oil will flow and fracking is a surefire way to do it.

keep waiting for that 0.5p guys ;) Do you really believe any company would do a placing at >50% of it's shareprice? The sp has already dropped more that 30% on the leak of a fundraise and you are expecting or hoping it will drop another 50%?

you can keep hoping for a sub 0.8p price but I doubt it will get there. As soon as the funding RNS is out then it's only going one way in the run up to the EWT.

Chances are that the lenders will only make a deal at a historically rock bottom price before the EWT with the intention to make their profit during or after the test. Not many would want to lend at a much higher sp.

Nice buy in price for someone in the know I suspect. SP has held support well and it looks like a repeat of last years fund raise where sp dropped from 1.22p to 0.85p briefly before starting the uptrend during the BB drilling.