Member Info for ocelot

Agreed, highly encouraging RNS.

Need to clear out the seller(s), see how long it takes.

It's the sun shining on the gold thread in the sheikhs' robes that's the give-away (definitely not serious!).

Somewhat begrudging response to the update so far.

But we've seen this before, where the market seems to have responded to news from Genel with a delay.

Will see if the pattern is repeated this time.

"Genel ... is now in a net cash position...".

· Average net production for 2018 expected to be slightly above guidance
of c.32,800 bopd, with exit rate production at the end of the year
forecast to be considerably higher than this figure

· The uplift in production at Peshkabir in Q3 will lead to record cash
receipts in Q4, with ongoing strong free cash flow generation

· Capital expenditure for 2018 is expected to be towards the bottom end of
the previously stated $95-125 million guidance range

· Operating expenditure for 2018 expected to be c.$25 million, lower than
previous guidance of c.$30 million

· The positive results from wells at Peshkabir are expected to lead to a
material increase in proven and probable reserves

PS:

I doubt PIs want their CEO to become a PI like themselves.

They want him to make a success of UKOG and to be remunerated accordingly.

If he bought a few thousand pounds' worth, wouldn't you soon be complaining that it was a pittance and showed he doesn't believe in UKOG?

If options exercisable over 85m shares don't connect SS with us all, how many shares do you suggest he buys?

100m? 200m? ...

PS:

Obviously, a £10m stake sounds fanciful today (although I forget how big a stake the Bouygues' holding company, SCDM, bought at the peak).

For that to happen, it will need institutional interest.

And, for that to happen, the Kimmeridge play will need to become sufficiently credible to attract them.

Supposing somebody wanted to put £10m into UKOG.

That equals about 550m shares.

That would be massive and highly likely to affect the share price.

Vernony,

A simple matter of logic, but if "massive" buys aren't affecting the share price, then they aren't massive, are they?

ERBIL, Kurdistan Region – Iraq’s new prime minister is breaking the mold, opening the doors to the public to put their name forward for a cabinet position.

Prime Minister-designate Adil Abdul-Mahdi set up a website, inviting Iraqi men and women who meet the constitutionally-defined requirements to apply for the cabinet. The window for applications is open for three days, closing 4pm on October 11...

http://www.rudaw.net/english/middleeast/iraq/091020181

If Solo remains a seller, then it looks as if it needs the share price to recover a bit.

SS always has acted as if UKOG is a bigger company than it is.

That, plus a clearly-defined strategy, forms part of the stock's appeal.

Without tomorrow there would be nothing to look forward to.

Peshkabir, that is.

Well within schedule, very good performance.

https://www.aljazeera.com/indepth/opinion/iraq-prime-minister-solve-problems-181008150630260.html

No, it's not an oxymoron:

noun
a figure of speech in which apparently contradictory terms appear in conjunction (e.g. faith unfaithful kept him falsely true ).

We know what kind of daily trade they are looking at.

If they were to maintain that same kind of rhythm, it would take them about 4 trading days to arrive at 3%, ie, today.

Think your calculations are wrong, it's the disposal of about 54.5m shares that'll take Solo down to 3%.

Think you could well be right, FTONewbie.

Here's hoping the overhang doesn't hang around for long.