RE: Topped up to a nice round number4 Feb 2019 12:17
Yep so much news to come before the big drill. Oil rising as well. Great price to be in at, no point chasing anything else, this should be one hell of a riser this year and that could start anytime with all the news due. SL
So much to come short term, could be any one of:
- offtake with super major
- acquisition
- acreage/10m
- debt funding
- CPR
Sellers gone and now and positions will start being built again..
SL
Or will we get an acquisition announcement first!? He was very cagey at the presentation, sounded like it was very close...Either way good news is incoming..on several fronts.. SL
Here up until last week and have added a load in the last Friday and some more today. Can’t believe it’s at 10p with $10m owned and an oil strike! Recon this will just shoot up without warning. Next RNS on acarage/cash should really get this going. Wouldn’t bet against 20p in Feb. Angs cash may well come this way from the fall out this morning too. Can sell large amount above bid which also bodes well. SL
Allen Howard, UKOG's Non-Executive Chairman, is a Director of and a shareholder in Apex and, as a result, the Agreement is considered a related party transaction under AIM Rules.
I sometimes wonder what these aim ceos do. By evaluating other opportunities he proabaly means skiing! In some ways it’s hard to justify paying an omi board now just using are payments from NM for wages when nm will be doing all the work. Unless he actually does pull something out of the bag that no one is expecting. SL
Thanks (can you get an easier to type user name please:) yes it’s all very promising. I would expect them to start some sort of further evaualtion pretty quickly however, sitting on the asset is just costing them money and none of us want to wait years for this to multiply. Personally I’d rather see a quick takeover but as you say who knows with NM. The biggest plus for me is that I can’t foresee any bad news in the near term on any front (touches wood) so this is a baseline valuation. The biggest catalyst to the next move as I stated earlier is for nm to at least highlight there plans to confirm their commitment. I also take comfort in the fact that NM proabaly wanted to take OMi out rather go through this process but obviously omi management didnt want that, I wonder why... SL
How is the good news factored in when it’s at the same price we were at before we unexpectedly stuck oil?? It’s just the usual aim shinsnigans, traders paradise. Firstly NO FUNDING is required from the horses mouth and secondly if it was why would they discount 30%? Many placing are at market price. SL
Yep it’s one of those where people can get bored and move on. Every time ive done that in the past I’ve lost out big time. One piece of news could change everything here so it’s just a letter of waiting for it. Actual bid above 6 now so we might be moving back in the right direction. I’d like to see us back in double figures before any decent news as a better platform. In the not too distant future we may well be saying wow remember when you could get shares for under 10p! SL
Prof - I think that it will set people’s mind at rest that Nm are here for the duration with something. Doesn’t need to be that detailed. Wonder if Nm would bother issuing their own RNS as well. Proabaly not but as it’s hardly price sensitive when your market cap Is billions, it would certainly highlight omi to a much wider audience though. SL