Member Info for Skwizz

"known to change traders into long term holders"

Yep, I've made more from trading this than anything else.
But I recognise that term well.

I have traded some on the slide down, which is all that's mitigated my frustrations.
But nothing like was possible two to three years ago.
Definitely don't listen to those preaching a second coming.
Some religions are still waiting for there's after thousands of years, no matter how adamant their priests.
Belief is no match for science.
;)

"The net acreage is inclusive of 11 fields within which there are 10 producing wells ranging from Stockbridge, near Winchester, in the west to Palmers Wood near Gatwick in the east and now includes the Singleton field."

And the geologist prodigy directing op's at UKOG picked the driest spot to drill.
:(

...which could all be resolved simply and efficiently with some appropriate communication from UKOG.

https://uk.investing.com/analysis/ukoil-daily-forecast-200445398

"A positive factor for the oil price was the information about the charter of ships by Chinese oil companies for transporting the oil in August and September. A preliminary volume to be transported from the USA to China is 20 million barrels. It may indicate that the Chinese economy is getting back to life and needs energy resources. For the oil price, it may become a long-term positive factor.

At the same time, a continuous news flow about a possibility of the second wave of COVID-19 pandemic prevents the oil from forming a stable rising movement.

In the H4 chart, Brent is still consolidating around 44.6 and keeping the same value range for some time. Possibly, the asset may rebound from 44.35 to the upside and then form one more ascending wave to break 46.2. Later, the market may continue trading upwards with the target at 47.00 or even 49.00. From the technical point of view."

Doesn't really help UKOG at this level, more for majors, but useful to know and watch nonetheless.
:)

Fair point, thx ibug.
:)

Uninformed rampers's silence.
:D

Thx Mirasol.
Yours and ibug's posts this morning are some of the most useful I've read in here for months.

But I still am not excited by the numbers.
I know Trousers says they've increased production but we still have no awareness of what that is.
These quantities show UKOG was only worth one tanker per day at that time.
Worse, it confirms that UKOG was still just a hobby an not a business. worth anything near the speculative values some here have been touting over the last few years.

We still need Trousers to get off his **** and give us some current facts and figures.
The fact he doesn't makes me believe he may have a very good reason for not doing so.
:(

"Looks as if today's session may be of a pivotal nature (imho)"

:D

Doesn't say that's the date SCC plan to review Loxley again.
Not on my page anyway.
:)

Hi Wiz,

I would hope that an arrangement such as that would be made public, either by the OGA or UKOG, due its' significant impact on the market.
I'm not aware of any restrictions.
Alas, UKOG's communication skills seems to be as miserable as their SP.

UKOG could have taken the decision themselves because of market conditions earlier in the year.
I don't think that's likely though, as they've really not producing anything close to being noticed by the majors yet.
I would still expect such a decision to have been made public, as it would have a noticeable effect on the company's performance in the markets.
:)

Thx ibug.
Will be interested to hear how that's been affected by the... "production increase".
;)

Good point - well made, Niners.
Quick read of Ian's posting history reveals his real motives.
;)

Yep.
You never get the house clean when you try to do the whole thing at once.
Deal with one thing and finish it.
Then move on to the next.

The trolls call realists "trolls", to divert attention away from their gibberish.
;)

Thx Qwerty.
I'm fully invested atm.
No spare cash for a while now, methinks.
I'm (far too) heavy on BP and they usually pick up in the last quarter of the year until around May (just went ex-div for Q2, although that div's been halved).
:)

Wiz' - "It is also now partly funded by production."

Trousers has been claiming that for two years that I can recall, probably longer.
But he's still issuing more shares and giving us no information as to whether production has actually increased to turn his claims from Trumpism's to actual facts.
We still see the same one or two tankers at HH, so if they've increased production to a level that is self-funding, where are the extra trucks to transport it all?

I remain entirely unconvinced and long to be proven wrong.
:)

Stockraiser - Vodafone shares -vs- UKOG shares

Interesting business comparison.

UKOG:- repeatedly issue more shares will-nilly to raise funds for new projects, without finishing existing projects or returning any value to shareholders, whose shares continue to decline in value because of it.

Vodafone:-
21 July 1994 Bonus issue of two new shares for every one share held, e.g. 2+1=3
30 September 1999 Bonus issue of four new shares for every one held, e.g. 4+1=5
24 February 2014 Share consolidation, with the ratio for both Ordinary and ADS holders as follows: 6 new ordinary shares for every existing 11 Vodafone shares.

:)

Check the number of shares in issue back then, Funkers.
;)

Lol Sageman.
I called time on Woodford after only a month solo as well.
:D

I suggest a rise and fall reward scheme in line with the value of the SP.
That might also deter his wayward schemes for raising capital and wasting it.

"Oh, he'd never accept a deal like that!"
So be it.
:)