Member Info for ocelot

Some of the sites have been slow to update the market cap for the recent increase in share capital:

at 1.075p, the market cap is £24.5m.

The portfolio includes potential company-makers.

We await news re one of them, Loxley, today.

If the appeal goes UKOG's way, then, in my case, I would first prefer to see how the share price responds before discussing share price targets further down the line.

as per the London Stock Exchange

as the afternoon advances, so the weight of probability shifts towards "on" and away from "before".

Plucked from the air estimate for Saltfleetby alone: £75-100m.

With you now, £15m = current market cap.

Oh yes, way North of the current market cap.

Not sure what the £15m refers to.

GL recently mentioned a net present value for 100% of Saltfleetby of £50m on the basis of the revised CPR of 26/10/21 but, imho, he was being conservative, employing the most conservative of the CPR's forecasts and a discount rate of 10%.

Currently showing as the 6th biggest volume stock on a rival site.

Cash flow forecasts are included in the last, revised CPR dated 26/10/21 (on the site, under media/presentations).

You then need to adjust for the change in the price of natural gas since then (of the order of a doubling). Figures have been cited amongst the answers to Investor Questions.

By definition, the PE ratio relates to earnings, not revenues.

Looking up confirmation bias won't help to determine whether a share has been oversold or not either!

gwilliams,

How does that help to identify whether a share has been oversold or not?

My question of the subject above is in relation to the share price now!

https://www.rns-pdf.londonstockexchange.com/rns/6837N_1-2022-6-5.pdf

Sorry, for Alba, not this board.

https://www.rns-pdf.londonstockexchange.com/rns/6837N_1-2022-6-5.pdf

The flooded section is only accessible via a flooded shaft.

I have visions of a wellie-dunking contraption endlessly supplying wellies filled with water along a line leading out of the mine, the kind of thing Disney or Warner Bros would have invented, ... but that would probably require NRW approval, too!

It looks as if the market may have begun to arrive at this conclusion.

Certainly, it is a potentially much bigger company than its current market cap suggests. Its wide range of strategy and growth objectives are resumed in the AGM notice as follows:

... its studies and planning application for the
Portland Energy-Hub, its funding obligations under the agreed work programme for the Resan
Licence, conversion of HH-2z into a water re-injector, to develop its other UK onshore assets
including Loxley should planning consent be granted and for the pursuit and evaluation of
further international petroleum and UK renewable opportunities.

What are the requirements that make for a successful trader?

Imho, those requirements include:

1/ an open mind:

2/ an ability to reverse one's initial stance very quickly in response to a change of circumstances.

Indeed, those who like to trade UKOG will seek to avoid being caught on the wrong side of the share price trend.

UKOG's year-to-date return, as indicated by the London Stock Exchange, is 36.09%

That is over 5 months, therefore. Simply multiplying that return by 12/5 gives an annual rate of return of 86.6%.

Those who like to trade UKOG will take note of the change in the trend of the share price, if they have not already done so.

Ibug,

You seem to be saying "yes" in answer to my question.