Member Info for ocelot

UKOG has picked up a 5.4+% holder in Canaccord Genuity acting on behalf of its discretionary clients.

That is a vote of confidence in HH.

1 buyer of 459.6m shares - it helps to put the Tellurian and Riverfort overhangs into perspective.

A discretionary account is an investment account that allows an authorized broker to buy and sell securities without the client's consent for each trade. The client must sign a discretionary disclosure with the broker as documentation of the client's consent.

What's the opposite of snap?

Presumably, its their wealth management arm that's bought in, so that does make them an II.

So was it Canaccord Genuity that approached UKOG with a funding offer?

So 459,564,456 of 637,500,000 placing shares placed with Canaccord Genuity.

The change in the percentage of shares held is due entirely to participation
in the placing by UK Oil & Gas plc, the shares from which were admitted
to AIM on 01/05/2020.

Canaccord Genuity holds 5.4151% for discretionary clients.

If Goldman Sachs are anywhere near right with their 2021 forecast of $55.63 for Brent, then UKOG's prospective margins look very healthy.

If Goldman Sachs are anywhere near right with their 2012 forecast of $55.63 for Brent, then UKOG's prospective margins look very healthy.

Goldman Sachs raises forecasts for 2021 to $55.63 for Brent, $51.38 for WTI:

https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-Predicts-51-Oil-In-2021.html

$55.63 for Brent, $51.38 for WTI.

$29.01 (10 mins ago)

https://oilprice.com/Energy/Oil-Prices/Goldman-Sachs-Predicts-51-Oil-In-2021.html

+ costs coming down = margins widening.

Futures rose as much as 3.9% in New York Monday, before paring gains, after Genscape reported a 1.8 million-barrel build in inventories in Cushing, Oklahoma, the delivery point for West Texas Intermediate crude. The June contract had earlier fallen as much as 8.8%. If the U.S. government reports a similar number, it would mark the smallest increase at the hub since mid-March. (from a Bloomberg article)

For profit, refer you to the most recent RNS of 28/04 which outlines cost reduction measures.

Thank you for that explanation, Tymers, I must have misunderstood!

$27.48 is more than "worthless"