Member Info for ocelot

https://www.angusenergy.co.uk/media/investor-questions/

The gentleman on twitter who had picked up 170m shares at one point yesterday now holds 260m - wish him all the best.

Make sure it doesn't bomb you.

They indicated they would be looking to raise by mid-November and, in 2 raises, obtained total funding of £4.25m.

Don't see why they should seek to raise more now ... unless, of course, the share price heads up into the sky.

barchart has shifted down to a 64% sell from the 100% sell of the last few weeks:

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

Just 4 trades but volume is already 8.8m.

From Adrian, about a minute ago:

Thursad 9am Tanker out filled with Black Gold note the 3WE 1267?? Hazard plates. Not a drop of water insight to be clear!

They indicated they would be looking to raise by mid-November and, in 2 raises, obtained total funding of £4.25m.

Don't see why they should seek to raise more now ... unless, of course, the share price heads up into the sky.

... The well bore will now be cased and cemented to this point before resuming drilling, largely horizontally, a further 500 metres into and through the most productive part of the reservoir. This further work is expected to last around 14 days following which well clean up and testing operations will commence ...

Looks as if those trades contributed to clearing an overhang.

trades 536 and 537.

at 0.06p at 12:46:00 and at 0.06005p at 12:46:28.

There's a gentleman on twitter who's picked up 170m.

agreed, elle_valexpert, there doesn't seem to be any obvious reason for it to be quoted at this very low level, apart from the impatience of holders for more news of its key projects.

Remember: the share price closed at 0.10975p before that most recent placing.

We don't know why the share price fell as low as it did after the most recent placing at 0.875p.

It seems to be the case of impatient holders selling in the absence of news about Loxley and Basur-Resan.

But, then, where's the logic in its present share price?

The most obvious candidates for news are the pre-planned farm-out of Loxley and the interpretation of the seismic in Basur-Resan + plans for the drill.

Biggest volume on the market by quite a long way: 907.2m.

For the uninitiated such as myself, really appreciated your post, Push2.