The problem I am concerned about is where we are now is this another sticking point for the next few weeks?? We were stuck around then70s for about 8 weeks probably due to GS. This time tho oil could possibly drop as back in Feb the talk about oil price was more bullish.
Imo we should be more 115 than 102 not sure if I can be bothered to be stuck here at 102 mark and then get caught out by the drop in oil followed by the inevitable PMO share crash.
RE: RE: Oil rises more than pmo rises17 Apr 2019 12:13
This is the same resistance it had in the 70s similar pattern. Looked very lethargic and went down for no reason at all . This may last a couple weeks then expect a 10 to 15 p surge out of the blue.
For her part, Mrs Von Kaufmann said she was "not totally anti-oil," but added: "I just feel the Weald is not the place for it. So a not In my back yard type of person probably moan if her neighbour built an extension.
Not necessarily bad news as it mentions we dont frak and also brings UKOG to the attention of a bigger audience. Even says seismologists doubt its caused by UKOG.
SS should jump,on this to promote the company to the local press put some positive spin on it
Ukog I think are around 6 half billion shares producing a few hundred barrels of oil or day. And a market cap around 70 million. Similar company president energy who recently went through dilution to bring SP down to 6.5 p and produce 3500 barrels oil per day and soon to increase bopd. Shares in issue around a billion ( or their abouts)market cap around 77 million, is making me wonder if UKOG will ever get up to 10p like so many forecast not so long ago with so many shares in issue.
It shouldn't feel like at the moment as the next couple months should be a turning point for everyone invested. It's a time of expectation for us all and yet it's more deflation and the only ones to blame for that are the board .Agree with ninetails RNS of late been a bit lightweight put some meat on the stick.
Considering UKOG are on the cusp of a drilling campaign and oil price on the up and it certainly feels as if the vehicle has a puncture. No date for a rig , no cpr , no explanation as to why they needed 3.5 million through dilution, and still no skin in the game from SS. It has definitely all felt a little flat as of late and to me it feels as if the recent need for dilution was more a need to keep to raise capital to pay for the business to keep rolling .