Member Info for ocelot

I wasn't being serious, will1734.

To make a trading gain!

Scandic was congratulating them on doing well.

Will they be buying back then?

That's the profile of a trader.

Was long, sold, now looking for a lower price at which to buy back in.

If investment was easy, we would all be multi-millionaires by now.

Good to see some precise calculations for a change!

It's a financial billion.

1.5p per share = £83.5m

Say 200 tankers = £1m to UKOG.

1.5/83.5 = 0.018p.

Your figure looks way, way out, Qwerty59.

200 tankers will make a difference to UKOG's cash flow.

Better volume, again.

Looks as if the share price has fallen to a level which is generating some buying interest.

... 'Various reasons, including pipeline corrosion in one of its major oil fields, have hampered Saudi production capabilities, leaving it with anaemic spare capacity and low inventories – both at 10-year lows,' he (Richard Robinson, manager, Ashburton Global Energy fund) said.

'In order to maintain its status of ‘swing producer’, the country is having to disguise its need for reducing unsustainably high levels of production as an OPEC cut, calling on the organisation to cut crude supplies at its next meeting in December. This supports our belief the oil price will recover.' ...

· Field development plan ('FDP') submitted to Ministry of Natural
Resources ('MNR') regarding the 34 MMbbls of 2C light oil at Bina Bawi,
with the FDP for the Bina Bawi gas development well advanced and set to
be added to this submission shortly. The submission will enable
completion of the discussions with the MNR in relation to the
optimisation of value creation from Bina Bawi.

It's all free float, hence the great liquidity in the stock.

Thank you for the info, StarBright.

There's a long way to go, but Marlborough's holding is a start!

PPS: one thing in UKOG's favour, from an II's viewpoint, is that it is a very liquid stock, so IIs can buy in knowing they will also be able to sell down, should they so wish.

PV spoke of Angus's IIs as being active in the small and mid-cap space, which probably covers the 2 you've mentioned, StarBright.

It was back in 2015 that Standard LIfe took a significant stake in UKOG, before a change of fund manager led to a change of investment approach.

PS: Hurricane's market cap is showing as about £882m.

When UKOG's market cap is of the same size, the size of II trades in UKOG may well be similar, too!

Equivalent of lines of about 10m UKOG shares, up to, say, 15m shares.

UKOG saw those kind of lines when the Bouygues family was buying last year.

Angus's last £2m placing was about 3/4 taken up by IIs, according to PV.

The IIs, therefore, are beginning to take a closer interest in the Weald basin stocks.

cockernhoe,

Have you not read the RNS of 15/11/18?

Stephen Sanderson, UKOG's Chief Executive, commented:

"The 2018 EWT's total test production of almost 14,000 barrels of oil, with over 10,000 barrels to date from the single Kimmeridge KL3 horizon, firmly establishes Horse Hill as a commercially viable oil field. These "hard fact" production numbers, together with the million dollar sales revenues, undoubtedly mark the most significant milestone in the Company's short history. The Company will spare no effort to push Horse Hill towards full time production in late 2019/early 2020.

15.2m traded so far this session.

If anything, this board is marginally livelier than the share.