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https://www.investmentsuperstore.co.uk/wp-content/uploads/2018/08/ATLANTIC-ADVISORY-RESEARCH-UKOG.pdf

Well wouldn’t that be lovely. 33k barrels at @ $50 profit per barrel. $600m ebit a year or a 6bn valuation on a x10. Sp of over £1. Before anyone jumps on those numbers it’s not acturate and fag packet just simply to highlight the potential. Exciting times. SL

Yes it’s just a matter of holding strong and adding where possible on dips. As stated, we haven’t had any bad news on any of our projects, quite the opposite, so the odds are staked in our favour that one or 2 will result in bfs/sale/JV and production by someone. So much news to come which holds interest and I have no doubt in my mind that we will make a lot of money here in over the coming months and beyond. I feel much safer here than I would in most aim shares and the potential is astronomical. We also have the added excitement of knowing that when we move we move!! Could double up and beyond over a couple sessions on the right news. Looking forward to what will come next, it’s about enjoying the ride as much as the final outcome. SL

Agree with that but recon we will roll snake eyes.

There is a long list of explorer to miner companies - if this didn’t happen there wouldn’t be any miners in the first place. SXX springs to mind as a prime example. Usually via JV though If they dont sell out. We shall have to wait and see which route ggp takes. SL

Tatty - that’s what they are on AIM for in the first place to raise money to hopefully eventually add value, AIM was invented for this specific reason to allow companies easy access to funds to develop their businesses!

Yet but plenty of explorers become miners eventually it depends on their strategy... and we don’t know the plans yet.. could JV to mine eventually. SL

No point trying to trade it just hold for the end game. Almost impossible to hit top and bottom points in cycle. You also need to not have a day job! Trust me tried it many times, end up out of pocket mostly. SL

$20-25 a barrel now cost of production, 40 was 2016 estimate so $50 barrel profit. It’s gonna be huge. HUGE!! SL

Good post, nice to see it laid out. Aim is all about news flow to keep an sp buoyant and growing. #ggp ticks that box l bells on

.. if HH is profitable at $40 a barrel and we are currently at $75+. Even this test well flowing at 1000bopd gives $35k profit a day x365 $12.7m a year!! You can see how this could be life changing even without Kim and 40 wells going!! SL

And remember we have alread got some out of the ground at Havieron, we did it with a tea spoon ;)

Woody to be honest I don’t really care what the deal is. JV/sale/free ride to production whatever as long as we get a major on board it means we have hit the jackpot and it’s blue skies for the sp. Sell the whole frigging lot as long as it’s for at least 10 times the current sp. Whatever happens if a major declares interest we will have lift off. Double figure sp will come either way, 400m for a proven x million ounce prospect is peanuts, and we might have 6 :) key with with these type of plays is hold your nerve, don’t jump too early and miss the real life changer. 95% of those in here now will. SL

It’s nothing to do with the share price it’s the market cap. Could have a high sp but a hell of a lot less shares in issue. Mc = number of shares x price. But I know what you mean.

Around ukog on social media is growing, on that basis alone and with word spreading commercial declaration is close Tuesday is gonna be on fire.. gap up first thing gotta be. No one wants a to miss out, perfect storm for aim. Big news incoming and and the drums beating. 3p very quickly, Tuesday Wednesday without news of not more SL

Would expect at least 2.5 Tuesday without news but given up reading aim sp movements! Could be anything.

Winchester is on the western edge of the Weald Basin a £2 trillion o&g opportunity according to Schlumberger & Nutech

0.1%, I’m similar. Means for every 1000 ounces of gold that comes out of the ground we get one each :)

Exactly as any short taken out via a spead bet /cfd actually results in a buy on the market by the spread bet company involved to counteract the bet!

We are also in a great play for a possible market downturn when the price of gold inevitably rises. SL