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Ped,
It happens on every AIM share. This is no exception. The AIM market is open to abuse.
However, there comes a time when the facts cant be ignored and and the SP will will reflect true value. Just a waiting game.
All agreed. A cracking RNS yesterday answering a lot of questions. A clear plan for the way forward.
Considerably derisked with proven oil flow, sufficient funding for the near future, and revenue. How many AIM oilers can tick all those boxes?
A smart investor might want to stash a few of these away, because my guess is its only a matter of time before these are worth considerably more than they are now.
JayKay
CFD’s are undeniable. Anyone with sufficient funds can open an account.
As for shorting then there is no concrete proof that anyone is. There is no short registered on the FSA current list for ukog. However, the main bloggers TW, BMD, and WShak openly talk about these shares being shorted. WShak actually admitted closing one on ukog, a while back. So who do we believe?
Now provide evidence there isn’t!
Dahmed,
I agree with what you say to a degree. The problem is that sometimes these trolls can completely monopolise the board which can create a negative sentiment. It’s why they do it, or why they’re paid to do it.
I used to filter, but it doesn’t achieve anything other than preserving your own piece of mind.
In the case of Stu recently, he has posted such blatantly misleading info, that it needs counteracting. It also helps to reinforce the truth of how the company is really progressing.
In a perfect scenario, admin should be dealing with these people, but they don’t so it falls to the genuine investors.
It’s a personal choice. Filter, ignore or rebut.
a special kind of stupid on this board at the moment. Some old names reappearing.
Just to clarify, UKOG hold a 71.9% stake in HHDL. That means that they receive 71.9% of the revenue. They own around 49% of HH. The remainder is held by Teleurian who do not contribute to the cost of the tests, neither do they receive any of the profits while testing is taking place.
With the current surge of trolls, I would say news is due.
At least get your facts right before you post. It’s all in the RNS’s and on the UKOG website.
Agree, it is a ridiculous conversation, but Penguins is a sneaky devil and keeps sneaking it in, so needs to be counteracted.
Just the start of the journey, and as you say, many wells and many sites to come online. All to play for.
Been over this before Penguins. Look at the scoping report, then work out the averages and you’ll see it comes to about 5 tankers per day. The two sets of figures do not correlate. Selective posting yet again.
Snaggletooth. That’s the second time you’ve tried the ‘decline curve’ angle.
The scoping report was put forward dealing with well decline. Information no doubt was taken from the initial cpr from renowned experts, Schlumberger and Nutech along with existing data from other similar formations, to arrive at the projected rates.
I guess they may vary either up or down slightly, but any major differences would leave egg on the faces of some with big reputations.
Scandic, there is no denying that the sp is appalling through a number of reasons, though mainly by manipulation and the general lack of accountability and transparency in the aim market.
What it is not due to, is lack of progress and results by the company. Even BB although initially dissapointing, could still prove to be worthy of the original hype. The lacklustre SP is something that Sanderson will have to address at some point if he wants to attract investors and move the company forward, rather than just providing opportunities for shorters and day traders. I am sure there are ways that this can be achieved in addition to just producing more and more oil.
I still believe sentiment will return here and 2019 will be a defining year for UKOG.
https://twitter.com/ukoglistedonaim/status/1075663147648856065?s=21
Interesting points towards the end of the interview regarding Arreton on the Isle of White. Three previously discovered oil pools 4 x larger oip and recoverable than the Portland at HH.
Godley Bridge on the BB license, largest undeveloped gas accumulation in the U.K., and the Kimmeridge sweet spot lying underneath with a structure twice the size of HH.
Worth a listen.
From the 5th October RNS:-
“The envisaged development has a total of six production wells and assumes a maximum daily rate of around 3,500 bopd. During the production phase it is envisaged that should production capacity exceed 3,500 bopd an application to increase total produced volumes will be made.”
Tanker numbers in the RNS do not match the numbers suggested in the scoping report which are considerably more. Still too many variables.
This is why I have a problem with you. You twist the facts to suit yourself. Where did you get the 6 Days a week from.
This is copied from the scoping report:-
“24-hour working is necessary for production and ancillary operations introducing noise, air and light impacts amongst others (particularly at night). During the mobilisation of production equipment, approximately twelve personnel will be required with approximately 3-6 security staff. During the production phase the Site will operate unmanned, except for routine maintenance. Production could exceed 500 tonnes of oil per day which will require a peak flow of up to 16 two-way oil tanker movements per day8 but this will reduce with reservoir depletion. Cars and LGV’s will access the Site during the hours of operation. Plant, machinery and materials will be delivered by a mix of HGV’s and LGV’s.”
Not 6 days a week. 24 hours a day for production. That was for HGV movement, half day Saturday and none on Sunday. That’s also why they have anticipated 7 huge storage tanks.