Member Info for ocelot

There's nothing hidden about my own agenda, Qwerty59, I'm a long-term investor in UKOG.

It would make no sense at all if I cut and pasted an extract from an RNS which bore no relation to the point I seek to make.

George Frangeskides states:

..."We note the exciting plans which are now being formulated to drill either the HH-1z sidetrack or HH-2 new drill as a horizontal Portland appraisal well. The Operator is to be congratulated on its foresight in applying for and obtaining all planning permissions and Environment Agency permits for a horizontal well, which will assist greatly in moving those plans forward at pace."...

Ukoger

Had been hoping today's news might put the share price into the 2.50 - 3.00p range, so not great at getting the share price right on a short-term basis.

But certainly believe the share price is de-risked at current levels and underpinned by the Portland, with the Kimmeridge prospects thrown in for free.

doubtless, but new sources of financing are opening up.

Today's news constitutes a major milestone in the company's development.

today's news means UKOG is heading towards significant bankable cash flow, which, in turn, should open up new sources of finance for the company.

Shows the last close on 10/09 at 2.39p.

Don't be silly, the uncrossing trade determines the closing price.

It IS great news.

Got to let:

1/ the short-term traders to sell on the news; and

2/ the market time to shift its focus from the Portland to the Kimmeridge.

especially at these price levels.

Will an II or two be tempted to dip their toes in?

Agree with the heading.

Better than expected.

Now let's see how the Kimmeridge tests progress.

Recent buys totalled 32.5m, if I remember right.

The quality of the trolls' one-liners has been declining recently.

But, on this occasion, I agree with OrsonCart, Cockahoop's comment was sharper than usual.

Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south have not affected energy facilities in OPEC’s No. 2 producer...

https://www.bloomberg.com/news/articles/2018-09-09/iraq-pumping-crude-oil-at-record-levels-unaffected-by-protests?srnd=premium-europe

chittybangbang,

Do the media ask Donald Trump if they have his permission to quote his tweets?

Read Vanity Fair quite recently.

Had no idea London society decamped to Brussels to be close to the action at Waterloo.

Just as well Napoleon was defeated!

Recommended and ... well done!

Think fears of Trump's tariff war, and the consequent possible reduction of world demand, may help to explain the decline of oil stocks, although it doesn't explain why oil stocks should have suffered more than the oil price itself.

noun
a thing that is known or proved to be true.
"the most commonly known fact about hedgehogs is that they have fleas"

The instant gratification of the internet isn't really compatible with oil exploration, is it?

Agreed, wizard125, am looking forward to the Portland results, too.

Let them release them when they are ready.