Waiting for oil15 Jul 2018 12:14
I'm so glad I bought back in here a few weeks ago. The prospects are looking more than favourable I'd say.
Three recent key evens are keeping me quietly confident.
Firstly, the £2m raise for opportunistic investment but, what opportunities is SS expecting and why?
Secondly, the change in status to an operating company. Clearly SS is moving ukog towards an oil production company but, also going forwards will be looking at future investment and as he has stated, the possibility of a partner.
Thirdly, flow results from the 150 day ewt. Here, I am expecting a commercial outcome for HH that will power up ukog allowing the company to progress it's other 100% owned sites in the Weald. Two new sites have been mentioned and I hope we will get an update on these later this summer.
For me it's all shaping up nicely. Those first few tanker sightings expected as soon as next week will bring huge confidence to all.
GLA