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Newmont didn’t spend all that time and effort on it for no reason. Yes they walked away but for reasons still unknown. I have a sneaky hunch that they low balled a cheeky offer that we weren’t willing to take so they said ok, go prove it up some more and and give us first refusal in 6 months to get come back on board. Either way we are not drilling and going to this additional expense if if it was a dud!! A sniff of a JV with them or a major in close proximity and it’s 100% rise+ in a blink. Exciting times and if I had to be only in one share at the moment it would be this. (Well and maybe ukog!) SL

Vic and as an addition point if there is, and I hope not, a result from one project that doesn’t measure up to peoples expectations the sp drop will be over done so it will be an excellent time for a top up. I’m hoping not, and I doubt it very much but it’s all about adding to a position here if there is any weekness. I’m suggestion an sp of around 2.5-3p this year minimum. It could come in days/weeks on next news. If eg is still a goer, which I expect it to be this is derisked beyond belief. We will at some point over the the next 6-12 months JV or sell something which will take us to unseen highs. SL

Look at it this way. We have 6 ‘fully funded’ 100% owned projects and a mc of 38 million. So just over 6m per project on average. If we only owned havieron for example would it only be commanding a mc of 6m! I very much doubt it. What I’m trying to say is the sum of all parts here has a huge amount of value missing based on the mc. As many have said before, it only takes one project to to come good and to be sold/JVed/taken though to production and the market cap is history. So take comfort in the fact that we are not a one trick pony and that sooner or later one or more of our projects will light up the sp to the tune of multiples. Very comfortable with my muti million share holding here for the next 12 months minimum. SL

UKOG plc share price 2.07p, Mkt Cap £108.34 million. Peer analysis grouping? - Hurricane Energy 47.4p, Mkt Cap £928 million [6 July 2018 RNS 2P & "C contingent 523 million stock tank barrels of oil. Off-shore UK-Shetlands and NOT producing yet] UKOG OIP - 10 BILLION [38%+]

unfortunately it does, hype on bulletin boards creates a market for those that are influenced and buys and sells in small caps can change the price instantly. Maybe not as much with 100mc business but certainly with smaller mc businesses, seen it so many times. Ive bought and sold myself and changed the sp instantly every time so you don't have to influence many people. Anyway this needs no hype, its only going one way next week. SL

The real winners will be those here in 12 months when the whole play is proved up. Not touching a share until then. Trading is too stressful!

What the hell its saturday, 50p a barrel and I’ll cash out at a tenner a share.

Or how about 5p a barrel for a nice round £1 ;)

30m barrels? That’s how you would value this??? 125bn barrels, let’s suggest 1p per per barrel to ukog in terms of Mc. gives an sp of around 23p. Obviously this is a ridiculous statement .. but what I’m trying to say is look to the bigger picture my good man :) SL

6p would only be same market cap as last year, it’s only 2 bagger from here, nothing. Most are here for a lot more than a 2 bagger. It ten bagged in no time last year and we are in a much better place now SL

And one last thing all those banging on about the valuation. Companies are valued on future possibilities. We could have a 40% share of x billion barrels here so no reason we won’t get 500m market cap relatively soon with 1.5bn takeover 30p ish in 1-2 years.

And you’re right, it will be a scramble Tuesday eitherway. 200k buy after Bell (and it’s not a short closing it’s a normal trade). I can’t see it closing under 2.50-7 even without official RNS. And we are getting all the news we need from the eyes on the ground either way which is pretty unique. SL

If commercial news land Tuesday 7am it will open 3-3.5p. If it’s over 500bopd 4-4.5p 1000bopd 6-8p. SL

should have a storming finish today with the bank holiday. Expecting well into the 2s, update could well drop Tuesday am based on the current ramp up of activity

Tom - stay the course and you’ll get double figures IMO. The thing with gold stocks is one massive find and it’s 500% in no no time... could be one of many of our projects.. EG could still be the big one and need incoming. SL

he meant 18 minutes

Your waiting for bad news? Why would you expect that?

Again. Sellers out a good afternoon and week ahead. EG anytime so can only see it going one way. SL

of a couple of weeks a go that people were happy to take big chunks at before today’s news!! Crazy. SL

Just glad I haven’t any personal details up their rainbow as I might have to change my name and move house