RE: Optimism?20 Oct 2018 18:21
UKOG has a history of sudden and serious re-rating: it happened in April 2015 and, again, last year, when it rose from 0.80p to 11p at the very brief peak, ie it multiplied by a factor of 13.75.
It has to do with UKOG's modest cap and the nature of its business, where good news can make a very significant impact.
Personally, I am happy to see it consolidate around its current share price level and look forward to more information about the Kimmeridge tests.