Member Info for rsproson

Not sure if it says this in an RNS? It does say they have permission for testing up to June 2021 - maybe this is to include the new wells. That will save a lot of hassle and time and gives loads of time to get the go ahead for full term production. Cash flow is closer than people think IMO - the ANGS vs UKOG is all over the fact ANGS have a production license - but if UKOG can keep flowing then that doesn't matter.

it will tell us SOLO have gone. At that time nothing will be stopping it. Like nothing is stopping the oil naturally flowing out of the ground. IMO SOLO will be gone by the time we get the results for KL3/KL4. So hopefully see a good rise on the next positive news.

Also just a thought - UKOG have permission to flow test until June/July 2021? So what is stopping them from continuing the 'flow test' right up to whenever they get the go ahead for production? We could technically be producing already? 3/4 tankers a day will bring in a fair amount of money and currently we are seeing this amount of oil just from KL3. KL4 is bigger. The portland was flowing at 1 - 2 tankers per day. It's a monster.

Looking at the trades last week all the small sells are getting bought up by big delayed buys. Once the small sellers are done this will start to move without news IMO.

Some people just want to chase rainbows. Rainbows tend to be based all around the success of 1 well. Here success is built into multiple low risk drills planned to give near term income.

Should hear on Wick this week as I heard the Ensco-72 jack-up rig was on the way?

We are expecting almost constant news flow into the new year as there is a multi-drilling campaign on the go here. I wouldn't say anything is 'overdue' though. Asset news could be the most exciting to see what deals they manage to get - that is what this share is all about. Low risk, near term assets on the cheap.
Already successful in California, in production and ready to drill another 3 (I think) wells. Well pad is already expanded for it as well. It is all go.

Feel a move comping on once people stop taking profits.

Drilling campaign moving forwards. Movement on Monroe Swell is around the corner. That should move things. Colter and Wick just round the corner also. New asset news can be anytime. Will catch people by surprise. Watch this gap up when it does.

Straight into profit - bring on dem Friday feels.

Straight into profit - bring on dem Friday feels.

That was not the pinnacle. Good spike. Good dip. Back on the train again. Tomorrow will be interesting.

Although only when it starts to drop - pretty much saying - this is expected to go up not down.

strong rise into close and make way for another 25% rise on Friday

A lot of the people who bought when this was 20-30p + still in create the ideal situation where people will hold until it is significantly re-rated. Hence after every rise there is only a small drop back down.

As for assets and news due this is going to go nuts in the next couple of months - then we have production with probably at least 1000 bopd. So it will then go nuts again.

Also tiny market cap considering what we have here.

and many people long from 20p/30p +

This creates the ideal situation where people will hold until it is significantly re-rated.

Heading to 20p by end of day at this rate

No one is selling and it's created a squeeeeze

People starting to take notice now. Away we go. 20p on the cards. Any sniff of action from Brockham and this is going to blow.

Still on the move - buys just under 11p. Nice and steady.

Right up to 30/40p. It was there before on anticipation. This time it is a bigger well with a HUGE pay zone, already proved up by HH. Just on a bigger scale. The oil will splash Stephen Sanderson over at HH.

So basically - we are just waiting for them to turn the tap on then that is us in production? Seems a good buy/hold to me! Wait until flow test results and when this hits the headlines - we will see double figures closer to 100p IMO.