Member Info for Oktane

Until ANGS is able to "Show me the money!" from some actual production,
we are just circling the drain...

Suggest caution following advice from someone that sold the low here to buy over their, which is trading on death watch at all time lows.

Amazingly, share price will shortly be higher here than there, and markey cap 10x larger says it all on their relative future prospects.

Those that know ain't talking, it will arrive when it arrives with no swampies around...

EP90 Sold out here @ 14.7p (taking a 6O% loss). Some of the oil fracking experts (HD) on here said I should stick with it.SP now 6.84p and those same oil experts, now horticultural experts, are telling people to STICK WITH IT.I jokingly said a while back that the only way to achieve the promised jam tomorrow was to grow strawberries.Well things seem to be progressing...... still drilling holes but now to plant seedlings.......bring on the strawberries.WOT HAPPEND TO THE OIL
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Best post here for a very long time!

Squirty I am up 30% from where I was 48hrs ago. So is every other LT holder. The near, medium and long-term outlook is very good to awesome. Think I speak for many when I say that as an invester long term while there are many things I might have wished went a bit different the last few years, I am most satisfied with how UKOG is positioned tonight.

Save your concerns for the other Weald wildcat oiler, the one that has 60 marrels not 60,000 produced to date. You will have to do better here to effectively deramp this weekend.

Slightest wiff of any outside interest to buy out UKOG and you will regret not owning far more shares here!!

Assume HH ends up with 8m recoverable reserves from both Portland and Kim layers, not at all unlikely. Current mrkt cap of UKOG values these at less than £7 per barrel. Any other oil is free. Very happy with my long term long position, great level to add more IMO.

Best to ignore the frustrated traders that want the price to move 50% this week, as well as the huge crowd of derampers about to assure us we are doomed by the financing arrangements. Tell. sold out because this is a small operation for them and they badly need the cash for their investments in USA LNG, but no doubt we will be endlessly informed they are out because it won't flow next year. DYOR

By way of context for anyone not here years ago, Pingu was certain the Kim layers would never flow significant oil.

And of course it has and is!!

Thankfully been out of my last position here since the day it crashed through 18p. Like many thought a production licence and competent management, after all they drill HH, could find flowing oil. Talk about my being wrong, and with the benefit of hind sight, what an overwhelmingly bady run company. Saltfleet should come good eventually, because it is the remit of a competent experience new manager. As for anywhere else, nothing happening suggest newfound management excellence.

But reality check, anyone averaging down has lost their shirt! Wile has been talking about buying more and averaging from when we were in the 30p range! We have all done this at some point trading, but 33.3 to 1.3 is only just, just, better than going bust. Hope there is a bounce here, but dumpers are getting something out of the ashes, which has been a winning strategy here for a very long time.

GLA

I don't usually comment here as only have a small residual position, but the hard reality is until RP and HNR actually deliver results, the market is not going to extend the benefit of doubt. Hence the free fall in the share price.

Seed, oil, smoke dope profits would be nice, but several unanswered basic questions remain; how much more funding needed before significant revenues, why if such a great business were we able to acquire the production facilities, and how long will any large profit margins endure as if in fact the return on invested capital is as projected a wave of funding will enter the market and margins will collapse, within say one to two years time.

On a lighter note, anyone need a lift of helium?

Lets hope HNR can move on from laughing gas returns and dope smoke, soon.

Reason share price is where it is OSG is aside from ED the current management has NEVER delivered anything on any of the multiple huge profit sources in the past, and until the official p&l results show otherwise all the dopy talk is just blowing smoke at long suffering investors here.

To complete the tour, will we be acquiring a modeling agency in 2020? That would comfirm lifestyle plc IMO.

Yanis, the sells are just long term holders getting out, maybe even some of the 4.25 placees as well, far better to get something than nothing.

The heavy sells at an all time low are a very reliable indicator where this is heading, far more than any oversold technical measurement.

SS only has 85 million options, so he has more skin in the game than likely anyone that has ever posted on here.

Try to read, and understand, the RNS of last couple years. They are intended to prevent such misunderstanding.

Moment of silence please (funeral dirge) as ANGS slips below the waves.

Weald flags at half mast.

But is there an opportunity to pick up a messed up well with a production license, and make it flow with a side track?

Still lots to play for, SS must have known about problems there for a while, if cheap enough why not?

?

we were at 4.20 last Friday whats changed ?
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More sellers than buyers.

Amazed there are still AIM investors that don't know how LSE provided 'buy' and 'sells' are simply mid market calculations, not at all accurate.

today 20% change UKOG > UJO, fair bit of money moved over perhaps.

no doubt though our resident 'hind' swing traders claim later they switched this morning on the open...

So far Malcy has been right on Angus.

With long term bulls capitulating today near term low being reached?

We shall see how tightly held the 4.25 placee shares are...

oil P/E ratios today:

Phillips 66 10
BP 15
Continental Resources 17
Apache 108
HUR infinity

so UKOG will trade at what market sentiment and current company conditions determine. 4 is way, way to low for a start up wilcat producer