Member Info for Ninetails

Reaction there may come a time when consolidation is necessary for UJO to take a further step in its evolution, but at this stage in the development, as far as shareholders are concerned it would be like a turkey looking forward to Christmas

Mixster...This is my opinion and it is only an opinion, whether DB has spoken to anyone is nether hear nor there, but it looks like some big holders have got word of something, possible placing, and are selling, this maybe complete speculation on my behalf, but the big boys always seem to be a step ahead of the average pi.And just to add I am I complete agreement with Fairview, I have been initially invested In UJO for around two and a half years with a few top ups along the way, fortunately with a low average and happy holding, but as to why the price was held back yesterday, 1...big seller for reasons stated 2... a great majority in ujo are selling in to any rise in the sp which is in my opinion holding the sp down. Then there are those ramping and predicting prices of 2, 3, and 4p trying to entice new investors in whilst selling, some might be ok with this but it’s not something I admire. The share price could and should be above 0.3 now, possibly even 0.4. Obviously there will be a placing at some point but it will now be at a much lower price than it could have been. There just aren't enough people that are truly willing to back UJO and DB. Most are just looking to bag a quick profit and LTHs are left scratching their heads. To be down after yesterday's RNS is unbelievable.And welcome aboard Tymers.ATB

Mixster... For what it’s worth I would like to say oiler87 and costa are spot on with there opinions as to what is going on, whilst I like reading your posts, and agree with lots you say, how can you say categorically that oilers post was incorrect, it is his opinion, and on this occasion an opinion I agree with atb.

Although a share consolidation can improve share price over the short term, it is important to remember that the market capitalization of the company has not changed. With that in mind, some experts consider a consolidation nothing more than a distraction to assuage investors during times of corporate uncertainty Nothing about the company has changed except the number of shares available Another effect is that share consolidation is a negative signal, since it could mean the company believes the shares are not going to go up in price on their own
Consolidation
doesn’t change the value of your position. These are usually done in order to continue to meet exchange listing requirements. If a stock is trading so low that it has to do a consolidation then it is a financially troubled company. Increasing share price artificially via the split does not change the financial picture and that's why such companies tend to lose share value

Consolidation
The company's market capitalization – the total value of all its shares – stays the same before and after the consolidation Say a company has 10 million outstanding shares and a stock price of 50 cents a share, for a market cap of $5 million. It then executes a 1-for-4 consolidation , reducing the number of shares to 2.5 million.
The company's value remains the same, at $5 million, so now each share is worth $2. If you owned 100 shares at 50 cents apiece before, now you own 25 shares worth $2 apiece. The total value of your investment remains the same: $50. Nothing about the company has changed except the number of shares available

Sting69....spotted that as well, stuck out like a sore thumb, with a great RNS and a certain poster never passed a comment until nearly 11:00, strange to say the least

Let’s not discuss the rights and wrongs of hydraulic fracturing on this board as it doesn’t concern UKOG...Conventional Drilling...Although some shifting of rock and deep sediment can occur, it wouldn't spur a major earthquake. Typical drilling-induced quakes register between –2 and –4 on the Richter scale, which is one thousandth as forceful as the rumble of a tractor-trailer driving by.Petroleum deposits, which are naturally mixed with water and gas, lie thousands of feet below the earth's surface in layers of porous rock, typically sandstone or limestone. (Contrary to what you might imagine, drilling for oil is more like sucking oil from a sponge with a straw than from a giant pool of liquid.)
At such depths, these liquids are under very high pressure. Pump petroleum out, and the pressure in the well drops, this is where water injection can come in to play, Water is injected to support pressure of the reservoir (also known as voidage replacement), and also to sweep or displace oil from the reservoir, and push it towards a well.
Normally only 30% of the oil in a reservoir can be extracted, but water injection increases that percentage (known as the recovery factor) and maintains the production rate of a reservoir over a longer period.
Waterflooding began accidentally in Pithole, Pennsylvania by 1865. Waterflooding became common in Pennsylvania in the 1880s...As I have stated waterflooding(injection) has been going on for years and not to be confused with hydraulic fracturing, so be aware when someone try’s to suggest that water injection is a form of hydraulic fracturing, Literally or physically it is not. This being all said UKOG have no need for Fracking and have categorically stated they have no intentions to do so in the future.

Mirasol...I have read and re read the DOD article and have to agree very slithery language indeed, be aware now that they have the hydraulic fracturing moratorium in place they will subtly try to encompass conventional oil under the fracking umbrella, give them no ground as there is no middle ground Hydraulic fracturing, informally referred to as “fracking,” is an oil and gas well development process that typically involves injecting water, sand, and chemicals under HIGH pressure into a bedrock formation via the well. This process is intended to explode and create new fractures in the rock as well as increase the size, extent, and connectivity of existing fractures.UKOG have never done this or intend doing so.

I posted this yesterday but in light of Peter Styles article will post again...Please don’t get lulled into believing that fracking and water injection are the same process, they are not, water injection has been going on for years, simply put it replaces oil in place with water, with little or no damage to the rock formations, whilst fracking deliberately sets out to change the rock formations using hi pressure fluid injections to explode the area targeted, ie intentional underground mini earthquakes to release the gas and oil.Not required nor intended to be used by UKOG

Whilst I agree WN could be a target for a buy out, it would be prudent for all concerned to have all the boxes ticked as early as practicable, and leave nothing to chance...

Tymers...I have recommended your post, as I have personal experience of these tedious processes, they can take time and money, for what in my experience was a complete waste of both, but got there in the end.

The company (Rathlin)representative said just the test
trenches had been dug so the survey has yet to be done before any
construction work can begin...not sure who’s going to be doing it but it is stipulated it has to be done

Reaction...No problem, they have known about this for a long time and I am sure they will have it in hand...but for us to just say or assume it has been discharged is incorrect information...might take a bit longer than anticipated but I am still confident in my holding, but obviously for whatever reason the pr is not so good at the moment

The company (Rathlin) reported to the most recent community liaison group meeting that
the condition of the planning permission - the full archaeological survey -
HAS NOT BEEN DISCHARGED

Reaction...It is a strange document on one hand everything has permission, then a list of stipulations before it gets discharged

Has the stipulations in the last paragraph been fulfilled? Hope so then all good

Could this be the holdup ?Rathlin Energy also explained why testing had been suspended at its other local site, West Newton-A site. It said there was no enough energy in the wellbore to recover reservoir fluids to the surface. The operation needed a pump, and this, in turn, would need a review of the site’s environmental permit. This was expected to take about two months, Rathlin said

Please don’t get lulled into believing that fracking and water injection are the same process, they are not, water injection has been going on for years, simply put it replaces oil in place with water, with little or no damage to the rock formations, whilst fracking deliberately sets out to change the rock formations using hi pressure fluid injections to explode the area targeted, ie intentional underground mini earthquakes to release the gas and oil.Not required nor intended to be used by UKOG.

Free-Money...I own a Toyota with a 4.2 diesel engine and a BMW with 4 litre petrol... so yes you can explain why your statement should be directed at me...

Clusterbuck....welcome aboard I genuinely believe you have a good entry point at an exciting time awaiting the results of the horizontal drill...yes the herd anthology , In my opinion it is a derogatory term used for future fellow investors, makes me very wary of the posters that use it...· Herd... in finance is the phenomenon where investors follow what they perceive other investors are doing rather than their own analysis. Herd instinct has a history of starting large, unfounded market rallies and sell-offs that are often based on a lack of fundamental support to justify either. . It also implies that the herd are not particularly well informed and therefore may simply follow one another from pasture to pasture and are easy prey for those PREDATORS that wish to take advantage of them.