Member Info for ocelot

Catching its breath?

Volume has fallen away, only about 10m since about 10:30.

hope we do more than THG ... over time.

Thank you, northfork.

We also want the prospect to be drilled safely, so we want them to take the time they consider appropriate - they are the ones doing the drilling, not us, (speaking for myself, I wouldn't even know where to start!).

It may be a shallow prospect but it has still got to be drilled.

When the operator has news to communicate, I'm sure they will communicate it.

volume of 200.5m at 09:30, remains good.

For the last 6 months, UKOG has been stuck in a pretty narrow band between slightly about 0.075 at the top and a bit below 0.06 at the bottom.

Can the stock break out of this band on the upside?

ZYX098,

Personally, I think of volume of 350m shares as good and volume of 750m shares as very good.

Very good, but not enormous: we did have volume of 4bn shares not that long ago and, much further back, we have witnessed 50% of all issued shares being traded in a session.

That is a wake-up call to all who are invested, or take an interest, in UKOG (imho).

"'ello, 'ello, 'ello, what's going on 'ere, then?".

750m traded on Friday, that is very good volume for UKOG.

The number of shares traded is irrelevant, it's what the share price is doing that matters.
------------------
Nope.

if the share price does something in virtually zero volume, it means very little.

If a share price does something in good volume, it means there is some serious buying (or selling, whatever the case may be).

Zak Mir's comment from a few days back, Tuesday, 11/04:

Comment: UKOG seems to be firing on multiple cylinders in the recent past, something which has so far not been reflected in the share price. It could very well be the case that today’s news (Pinarova-1 drilling commences) starts to build momentum in the stock.

reminder that UKOG closed at 0.10975p before the last placing at 0.0875p on 12/09/22.

Resistance levels, according to barchart, are currently as follows:

3rd Resistance Point 0.087
2nd Resistance Point 0.080
1st Resistance Point 0.076

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

Juxtaposing 2 extracts from AME's 2022 annual report (my capitals);

Chairman and CEO’s statement

In 2022 AME focused on consolidating production with a series of
production and appraisal wells, whilst drilling one exploration well
and gathering data for POTENTIALLY GAME CHANGING EXPLORATION PLAY which will be
executed in 2023. (ie Pinarova -1, see below: extract from p12)

The main exploration focus (this year) for exploration will
be on Resan. If the shallow play is successful here it will be followed by a second shallow well in the year ... (p15)

David Lenigas continues to follow developments at UKOG closely. His tweet at 9:37 am today:

Always great to see the #oil tankers move from Horse Hill
@UKOGlistedonAIM
#UKOG

Sorry, corrected version:

Note the 1st paragraph of Cem Sayer's statement in AME's 2022 annual report, p12 (my capitals):

Chairman and CEO’s statement

In 2022 AME focused on consolidating production with a series of
production and appraisal wells, whilst drilling one exploration well
and gathering data for POTENTIALLY GAME CHANGING EXPLORATION PLAY which will be
executed in 2023.

In his message on p4 he states:

... Our current strategy is to increase our oil production substantially
from our new discoveries, proving the recoverable reserves to international
industry standards and to the satisfaction of financial institutions allowing
for a possible IPO at the London Stock Exchange.

Note the 1st paragraph of Cem Sayer's statement in AME's 2022 annual report, p12 (my capitals):

Chairman and CEO’s statement

In 2022 AME focused on consolidating production with a series of
production and appraisal wells, whilst DRILLING ONE EXPLORATION WELL (ie. Pinarova -1)
and gathering data for POTENTIALLY GAME CHANGING EXPLORATION PLAY which will be
executed in 2023.

In his message on p4 he states:

... Our current strategy is to increase our oil production substantially
from our new discoveries, proving the recoverable reserves to international
industry standards and to the satisfaction of financial institutions allowing
for a possible IPO at the London Stock Exchange.

Volume was 698.6m at the close and is now 750.4m.

Grant of options exercisable at 10p to

Mr Lars Brünner and Mr Mark Rachovides.

"The terms of these awards mirror the share option award which was made to Mr Mark Austin, the Company's other Non-Executive Director, upon the Company's admission to trading on AIM in September 2021".

Average trade size as far today is about 2m shares.

From p32 of AME's 2022 annual report (my capitals):

Since discovery of the Oymantepe oil field by AME in 2014 in the East Sadak license, the Resan
license has become AME’s ONE OF THE CORE ASSETS. The license offers a HUGE POTENTIAL for exploring oil
in multiple play concepts with its proven Cretaceous hydrocarbon system; thrust structures along the
Tilan-Basur-Resan axis, Mardin “Leads” in tectonically more stable Eastern part of the license, and the
shallow amplitude plays in Eocene-Oligocene age formations ...

https://aladdinmiddleeast.com/wp-content/uploads/2023/04/AME-2022-Annual-Report.pdf