RE: red26 Jul 2018 22:53
Pijoe - I’m not arguing that you’re not experienced, I am arguing that people read and interpret the facts. This is the whole point behind the Weald play. Big oil looked, didn’t find it. Walked away. Other notable researchers and geologists stated it’s not possible to get any oil out of the Weald. But UKOG have done it, Angus have done it. We’re on the cusp of proving it out, yet a lot of people are coming onto the bulletin board with an obvious agenda of stating that UKOG can’t / wont produce oil, despite all the evidence of it happening being there. As to valuation, well, the market values an asset based upon supply and demand, personally I don’t really care if UKOG drops to 1p tomorrow (obviously that wouldn’t be ideal) because I have confidence in the data that’s been presented to date that the probability of returning commercial oil in significant quantities is high enough to underpin the level of investment I’ve made here. EWT willl prove this out. Red