Member Info for ocelot

Agreed, fatJock, all the "blame" can't be laid at Solo's door. As you say, if the selling is absorbing all the buying, it's because the buying is not on the same scale as the selling.

But that will change when the selling on this scale dries up.

News of the Kimmeridge should help to accelerate things, but Solo's stock will dry up anyway over time.

Well done, broadland, but, personally, I really wouldn't have minded if someone a little more bullish had won!

But, then, Qwerty, we're not senior management responsible for running the business.

Can't see UKOG paying any dividends for a good, long time yet.

Assuming it is Solo which is continuing to sell, then they do seem to have put a ceiling on the share price these last several days. It can't last for ever, but, in the meantime, it's not the most exciting share to watch!

that's lifted the day's volume over 1m shares

It's performance-related remuneration, Qwerty59.

The risk for SS is that the share price fails to rise as high as he would like to see it rise!

That's true, fatJock.

Doesn't sum up anything at all.

Simply means he remains entitled to exercise his options before their expiry date.

Mind you, it's easier to live in a house than in a share.

apart from describing UKOG as a fracking concern, wasn't the article entirely factual?

a bit exaggerated, no?

Let the oil do the talking.

Wonder if some of the more adventurous IIs will be tempted to dip their toes in the water.

Looks as if the downside is limited now whereas the upside potential is enticing.

With Solo assumed to be selling, the opportunity is there to pick up a good line of stock without disturbing the share price too much.

... We also eagerly anticipate the possibility of combined long-term production from both the Portland and Kimmeridge, an exciting and potentially transformational prospect for Horse Hill and the Company."

Agreed, they have to put in the caveats, to cover themselves.

At the same time, I believe they consider their stock to be substantially undervalued by the market and don't want to see a predator taking a stake at too low a price.

It's a balancing act.

As SS has said in the past, UKOG's share price is (more than?) underpinned by the Portland alone.

Looking forward to learning more about the Kimmeridge tests.

Not concerned by the current daily share price performance, because the long term prospects are exciting.

is the opposite of dilution, when a company increases its assets per share and/or earnings per share by acquiring assets via the issue of new shares.

If there is 50% dilution of assets per share, then the asset backing for each share is reduced by 50%.

That's a bit of a tautology, isn't it?

Incomprehensible, cockernhoe.

What are you trying to say?

Last year's rise was largely (but not exclusively) due to the Bouygues family's private holding company, SCDM, taking a significant stake in UKOG.

44.1m shares traded so far.