Member Info for ocelot

There are no guarantees in oil exploration, it's in the nature of the business.

In addition, UKOG is quoted on AIM, famous for its volatility, exaggerating share price movements both upwards and downwards.

UKOG's share is exaggeratedly low at the present and has been since more or less the beginning of the first lockdown. Quite apart from Basur-3, there is considerable room for UKOG's share to move upwards, simply to recover from this exaggerated low.

But there's no rational justification for the share to be quoted at 0.24p either.

It simply reflects the emotional baggage of the past and makes no allowance for future prospects, principally SE Turkey and Loxley.

... and that old NAV was based on Saltfeetby alone, but, if ANGS are proven right, there is also Lidsey to be factored in.

If it is, then it can carry the share price a lot higher.

Would like to see the share price above 1.50p, at which point all the warrants issued with the placing of early this year are in the money and we are well into the territory of the vertical fall of the day of the Brockham RNS of 28//06/19, ie. there may not be much resistance to a near-vertical rise from that level into the 3ps.

Volume approximately doubled during the last hour.

He needs to ask his supporters to increase their shareholdings by about 40%, then he's got to where he wants to go :-)

No update from Rodders Jones since 9am 24/06 when support stood at 118 shareholders, 7.15% of share capital.

Volume of 16.5m has now exceeded that for all of yesterday's session, 15.2m.

Stock picking up in volume picking up, that is encouraging.

The company has come a long way in the last couple of years, the share price hasn't and has a lot of catching up to do.

Agreed, Andysel, as a company specialising in Greenland, think Greenland Listco could generate quite a bit of market interest.

For the gold, we know it is there and we know it is of high grade, so what remains to be done is to locate it and extract it in commercial quantities. No mining expert myself, but their approach makes sense to me.

The market is the market and is beyond the control of management (as is the price of gold).

Management is there to manage the company and its prospects, which they are doing.

Livelier volume: 9.9m shares v 15.2m the whole of yesterday's session.

There is no shortage of negativity on this board, negativity which has been present for a long time, but the simple truth (imho) is that all the negativity is already in the share price, meaning the share price is primed to rise on any good news or even, indeed, in the absence of any additional bad news.

'Fool me once, shame on you; fool me twice, shame on me' yet posters keep on believing without question.
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Who's believing without question, Penguins?

Given how low the share price has fallen and for how long and given that Basur-3 is currently progressing at speed, one can conclude that the risk/reward ratio currently favours investors in UKOG without any need to believe without question.

... As oil prices rose, another energy market saw even stronger gains. European natural gas prices hit an all-time high on Thursday. The two markets are at times connected, as some gas contracts have a link to the crude and fuel-oil markets...

https://www.bloomberg.com/news/articles/2021-07-01/oil-holds-gain-near-73-as-market-waits-for-opec-output-meeting?sref=Em01M8Hr

Oil rose above $75 a barrel in New York as the market awaited a decision from OPEC+ on production levels for the coming months.

Crude futures added as much as 2.7% to trade at the highest since 2018. OPEC+’s de facto leaders, Saudi Arabia and Russia, have a tentative agreement to increase output gradually, but are still negotiating a deal, delegates said as ministers gathered online on Thursday. The proposal under discussion would add about 2 million barrels a day to the cartel’s output between August and December, they said...

https://www.bloomberg.com/news/articles/2021-07-01/oil-holds-gain-near-73-as-market-waits-for-opec-output-meeting?sref=Em01M8Hr

Could just be the market waking up to the very substantial opportunity.

re the approaching fundraise, whenever it comes:

depending upon their plans, AME may well want the fundraise to be seen to be a success. In some ways, UKOG is giving access to the London equity market to AME, a private company, because funds raised will be, importantly, destined for UKOG's remaining 50%-share of Basur-3 and the remaining 50% premium (of the first $5m) payable to AME.

Volume of 162.1m shares now exceeds that for the whole of yesterday's session.