Member Info for Skwizz

ETF's are one way.
Though I trading an ETF dealing with West Texas Oil and lost the lot when the virus hit and they couldn't give the stuff away.
Whole ETF folded and I lost about £12k (of £30k).
:)

I have day traded this in £10k chunks, currently have five still in, which I consider as a long term hold because the Sell is much higher than the SP now.
But I am not doing any more at the moment.
Not to say that I wouldn't, and haven't, if and when suitable opportunities arise.
I don't think SCC and Turkey provide them (yet).

:)

They were under the spotlight last time.

They were desperate to reject using the most ridiculous reasons, some even approved on previous applications, others dismissed by their own experts in the meeting. It could not have been more obvious that they were going to reject the application on any grounds they could, despite all bases having been covered by their experts and previous committee meetings.

The same people who wanted this rejected will still be hearing the application the next time and they still have the same personal agendas.
They will try and reject again, using the same reasons (unless more realistic/believable reasons arise in the meantime).
Their experts can't provide any more visibility over previous concerns, because there isn't any more.
It was a black and white case for approval and will be again.

Indeed it does.
What is happening right now is that the SP is still falling and SS is draining away the last dregs of UKOG and still being paid for doing it.
And right now nothing is happening in Turkey, because that field's still in the exploration phase. The govt hasn't even approved the deal between UKOG and AME yet.
:)

Think I recall seeing that Sussex recently renewed BB with a limited extension.
Last month or so, maybe less.
:)

Not that I put very much stock in anything that comes out of his mouth, however...

"Whilst the Company believes that at current oil prices a successful initial programme can likely self-fund further production drilling, IT MAY BE NECESSARY AT SOME STAGE FOR THE COMPANY TO RAISE FUTURE WORKING CAPITAL TO BRING THE PROJECT TO FRUITION."

HAH!

:D

(The field was discovered 720 months ago).

;)

Idespair - How many months in twenty seven years?
;)

"Whilst the Company believes that at current oil prices a successful initial programme can likely self-fund further production drilling, IT MAY BE NECESSARY AT SOME STAGE FOR THE COMPANY TO RAISE FUTURE WORKING CAPITAL TO BRING THE PROJECT TO FRUITION."

:d

Lol Brillo!

LondonInvestor
"that can reasonably be expected to be recovered to surface over field life will likely range between 10-20%."
"The exploration phase expires in June 2023 but can either be extended for a further 2-years, or in the success case converted directly into a 20-year production lease."
UKOG's own press release 23rd July.
:D

Disregarding the rest, Turkey won't be NEAR production for two years.
LOL

Lol!
Not the one I was thinking of, but I take yer point.
;)

I think 'Insidious' is quoting one of our idiots.
;)

Nice of them to provide an escort for us.
What considerate souls.
;)

I'm no ramper, but I still have a pending order to Sell some of my holding at 0.5p.., just in case.
100% profit, if it does.
I realise it's unlikely, but I've seen this share do a lot of weird stuff over the last three years and I haven't missed out on very much of it.
;)

Coulda; Woulda; Shoulda....

Lololol.
:)

Yep.
Buy the trough, sell the spike.

Seconded, Ninetails.
:)

Will, you're much more positive than I on the ability of this to bear trading profit after such a small fall.
But you do not post the utter rubbish some of the rampers do here.
I've done similar to you in the past but, coming off of that, I'd need a lot more potential profit to compensate me for the risk here now.
Wishing you continued good fortune and hope you are able to surf the range as you're hoping.
:)