Member Info for Oktane

He's gonna need a lot more volume if it is option 2, rampers must try harder.

Degsey multi ramp posts is one of the most reliable sell signals on AIM, quite a track record he has!

Our resident billionaire investor bought around 1.45, will be interesting to see what happens if we go up a bit further.

Buy more now that gas seems sure to be online in 2021?

Or run for the hills having been stuck long and wrong for the last 13 months as priced immediately collapsed after the big buyer finished?

Never dull here.

Interesting comments on offshore oil exploration in Turkey

"Is Turkey Drilling For Oil & Gas In The Wrong Sea?" Zero Hedge.com
https://www.zerohedge.com/markets/turkey-drilling-oil-gas-wrong-sea

Am happy with this, plenty of oil in the new prospect, and critically away from the mindless morass of UK rules and regulations and greenies, more can be achieved in one year developing a resource than in 20 years here.

Eye now confirm 4th tanker today, with Brent close to $44 thats nearly $31 net per tanker barrel, £20k approximate area to UKOG today ++

Eyes confirm three, will we see a fourth tanker in today?

Yet another reason we are well up off the lows. Perhaps update on flows will be more than the few eggcups full so many derampers have repeated would be the long term result at HH. We shall see soon enough.

planning officers approved, key step, meeting next week...

Thanks Tony for the updates on progress and the amusing video of your search for the old Conoco well.

Moved a small business bank account from RBS to Metro in Feb after the transfer scheme to reduce accounts offer got to cash payment of £1500 simply to move your account over to Metro. As this is an invoicing pass through account that never retains significant cash balances I decided to make the transfer.

Payment for the account transfer was promised at the end of March. This became the end of April, then the end of May. Now we are on 10th of June am on 30 minute hold to again say: "Show me the money!"

Question here, are there any recent developments regarding Metro liquidity here? Don't see anything in the news, and see a perhaps short covering rally in price today, but experience has taught me to ask and listen.

Thanks

With Brent trading at $43/b we will see a net revenue of $30/b.

Come on UKOG, time to show us what HH can flow, on a sustained basis.

To the derampers; we must still be bust as we have no oil, right?

Recovery taking place, USA employment released at 10.5 million more jobs than economists had forecasted.
Stock index levels much higher
Brent is above $42
Assuming we see decent flows from HH soon, all this will prove suportive for our share price to begin to recover.

Certainly a lot of good opportunities in the market at present, and hopefully few here are silly enough to make UKOG a big part of their investment portfolio, but there is the reasonable chance that finally, after many false starts and delays, USOG is finding long term buyer and a price bottom at this time and level, and the future might just prove positive for investors here.

Michael, ANGS would love to achieve 200b/d production, that would spark a rerate here.

Until then, going to need a whole lot more buying at these levels to get back to 1.40 to 1.50 level where our resident billionaire, along with the last crop of rebound story buyers, are finally able to sell out with most of their money back.

Carl, friend of mine still not too busy on rebound from virus, QC barrister, you may need his services after you last post.

Carl, most libel ever seen in a single post, has it removed in less than 90 seconds, a record that will stand.

Well done man!

I can certainly understand deciding to cut the loss, stop the pain. This story is taking far longer to unfold, and costing much more in cash and shares issued, then most of us expected. I am underwater of course as well on a large position here as are most of us.

But I want to stick around to see the sustained flow tates from HH1 and HH2. If indead 300b/d is all she will flow, well then this is indeed a very steep cliff to price recovery.

However, I am of opinion we will do significantly better flow rates here. Also, with the previous lows so far holding, and huge volume trading, and yes, long - term holders capitulating as derampers pat themselves on a sure call for still lower prices, a lot of the conditions for setting a longer term for the low in the share price are at hand, in my opinion and experience trading.

Pingu, logic check is if the glass is always half emply, find a nicer place to drink...

We are spending £1.6m to buy production equipment instead of rentals. Is this due because:
1) there is no significant oil flow, the CEO is a con, as the derampers assure us hourly
2) there is a lot of oil to flow over the next 25 years, and production costs need to be as low as possible to maximise revenues

I'm going with number 2

Todays 850 million volume shows 10% of outstanding shares have changed hands so far today.

Huge volume days often mark turning points in markets. That will be the case here imo if some/all of the new issue of shares on the 10th are placed in solid hands like the previous Canadian buyers, and/or if we finally are shown significant, sustained flow rates from HH wells.

massenger looks like 10% of all shares will change hands today.

Massive volume is very common at critical market high and low turning points.