Member Info for Redheadedrager

@naz11 - please could you pass me some of what you’re smoking? Red

. . . MM’s - are you kidding me?!? EOM. Red

@Scarface - with respect, what a lot of tosh. . . Oh, and how convenient your little friend Whitesharknpops up within 30’secomds to say how right you are. Hilarious! Please be a little less transparent with your share bashing. You’re displaying playground levels of maturity. . . Cheers! Red

Oh, and as if by magic - up pops the ask . . .

Agreed. We need volume at the moment. IMO volume has dried up because MMs can’t get the shares - static at 1.188p on the bid for quite a while. . . . Anyone tried buying at this price?

Cyan2 - thanks for pointing that out. IMO you’re reaching a bit with your hypothesis, but hey it’s your opinion so I’ll leave it there. IMO it doesn’t matter. I’d rather have the directors focused on the long term financial performance of the company rather than focusing the short term rises and falls, such as were currently experiencing and the rampant interest from the arch enemies pizza boy and broken man Dan the ex lag . . . Imagine if the directors had the temerity to buy low and sell high? Lawks! Imagine the further furore if the SP actually dropped after a director sell? OMG!!! Anyhow got to crack on now. Cheers! Red

Cyan2 - do you know who the directors of UKOG are? The same people who are entitled to the options. Now re-read you post in the light of that knowledge. . . . Red

@Naz11 - IMHO Steve Sanderson is going to send you back to share trading remedial classes. It’s a shame really, all that money spent on your education and to what avail? Red

@Cyan2 - ah, thanks. Sorry. Thought you were inferring that there had been ;-) So, there’ll be no directors selling on account of them not having any shares to sell them. Super. Glad that my initial confusion is now cleared up - ya muchly! Red

Cyan2 - erm which director is holding shares? There has never been a PDMR announcement. . . Red

. . . going to get £20bn a year from by 2023? Certainly not from the ‘Brexit dividend’. Tax revenues from a resurgent U.K. onshore oil & gas industry. More likely. EWT will provide the fire works over the next couple of months, but it’s the long term outlook for UKOG and other Weald players that’s got me all excited this morning ;-) Red

@Gerry65 - hi there. Can you provide a little more analysis / support for your long term bearish position? Personally I am long term bullish on this stock. Reasons below. 1. 150 day EWT just about to start. 2. Fully funded for EWT, HH-1z, HH-2, 2x site leases and Holmwood plus a raft of other stuff. 3. Target commerciality announcement for HH-1 Portland in Q3. 4. Full production in 2019 on at least 3 wells. 5. Largest ever recorded U.K. on shore stable dry oil flow rate. (OMFG I am soooo excited about that one - and I think it will increase with the EWT). 6. Wytch Farm x 5 at least (think about it!). I could go on but got to get my girl from ballet now. Cheers! Red

Penguins - was the further choking back was also in part to reduce water cut from about 1% to completely dry oil flow . . . 16th Feb and 17th Feb RNS?

Before my speeding ticket I was going to say that I’d made a mistake . . .

Apparently I’m to tone down my response to other members. . . Let’s see how that goes ;-)

400 million cleared in less than 2 hours trading . . . Crazy.

@Hotshot69 - was just about to post along the same lines. I totally agree. The volume is crazy and not really showing many signs of relenting. IMO volume could easily touch 600m today. That would be a substantial part of the placing out of the way (if it wasn’t already forward sold yesterday). If demand proves to hold up - which given EWT is due to start in the very short term my guess is that it will - then we’ll turn blue very, very soon. Cheers! Red

@Donotpanic - I agree. Weak sellers will be washed away and this will rinse off to reveal a glorious blue finish today ;-) Red

All this doom and gloom. Tsk people. Read the RNS. People will react with emotion. Read what the RNS says. It’s clear what additional activity the funds will be used for. That’s over and above the 2018 EWT. The best assessment I’ve seen so far of projected impact is on Twitter care of @The_Sherlock “4,500m - 610m= 3,890 shares @ 1.5p = 58.3m mcap 610m shares @ 0.9p = 5.5m mcap Total mcap after placing = 63.5m Total shares after placing = 4,500m Expected share price = 1.417p Bear in mind the placing news were mentioned last week and market reacted to it”. They’re right. Market reacted to placing news already. Now it’s away at pretty much the price the market had anticipated there is less uncertainty and we can now look forward to a clear run at EWT. Once the taps are on this placing will be history and we’ll all be calling for Steve to be knighted again. Chill out, sit back, crack open a beer or sip on a G&T whatever you prefer, but the last thing anyone should do now is panic sell their shares. The risk is now all priced in. EWT awaits. Summer is going to be very fine ;-) Red

EPIC!