Member Info for SlowRoll

Octopus drilling can give us this!

"Last year, Devon Energy (DVN) drilled 36 wells from a single pad site using Octopus technology in the Marcellus Shale. More recently, Encana (ECA) drilled 51 wells covering 640 underground acres from a single pad site with a surface area of only 4.6 acres in Colorado. Multi-well pad drilling is also revolutionizing drilling in Bakken, and this is definitely the long-term outlook for shale. It will become the norm."

David Lenigas......"And we are only testing the secondary play. The main play is still to come in the Kimmeridge oil pool."

Now up to 4 strokes a minute.

Why doesn't Malcy cover UKOG? Are they reluctant to let him have a look?
" I don't cover the company formally as I have yet to meet the management and the IR seems sporadic but should be one to watch albeit not without risk."

Think we might need a few nodding donkeys here.

Qualified endorsement!

"So, will I be buying UKOG now that the company is on the cusp of a transformational change in fortunes? The answer is, not yet. While I would certainly not write off UKOG as an investment, I believe that at this point the risk/reward balance is off. I’d like to see more concrete evidence that Horse Hill is a viable oil asset before buying into the growth story."

Still a gamble!

Like your reference to the apprentice......Bring on Katie Hopkins she'd sort SS out!!!!!

Not only who, but HOW MUCH?

Refugee from iii where I was for 12 years. They still have my SIPP

From the UKOG board
"Cash hungry resources companies don't have the luxury of operating cashflows to fund their activities. They have to return to the well time and time again to seek equity or debt funding for every venture they look to develop. Rights issues are impractical (time consuming, complex, inefficient, costly) with such a disparate register of PI's.

So placings are the norm, Holders should expect them, and not wail and gnash their teeth each time one comes along!

The mathematics aren't that difficult, but are clearly not well understood here. Here's what has happened with UKOG in the last few days. I have excluded the impact of the YA conversion(s) as they are a different topic.

At the end of June UKOG had 4.85bn shares trading at 2.1p, so market cap £101.9m. Since then it has It issued 350m new shares in return for £7m. All other things being equal, the company is now worth £108.9m and has 5.2bn shares each valued at 2.09p.

This is not a big deal folks. The money raised doesn't go a long way when you look at the costs associated with drilling and testing..... It's wrong to suggest otherwise"......

It was the deep discount that hurt me.

Results imminent. The metals are still there. GLAH

https://www.fool.co.uk/investing/2018/07/04/why-now-could-be-the-time-to-buy-into-the-ukog-share-price/

As always they qualify their analysis by saying its too risky. GLAH

I agree,
courtesy of Krull on Alba "No one is going to give Ukog 2 million
or 5 million at 2p when they could only raise 1 million at less that 1p before the start of the flow test. In my oppion they are privy, they know the oil is flowing from the first zone."

I checked "Investing.com" this morning all the indicators seem positive.

https://uk.investing.com/equities/great-western-mining-corp.-plc

GLAH

Maybe put some in your ISA or SIPP

I cannot stand yahoo since it hijacked my search bar. Think this is your link? Thanks.

* Rio Tinto needs copper to reduce its reliance on iron ore

* Miner ready to pay 30-40 pct premium for prime asset - source

* ‘Future metal’ copper used in electric cars, renewable energy

By Barbara Lewis and Clara Denina

LONDON, June 29 (Reuters) - Rio Tinto wants copper badly, and it’s ready to pay top-dollar.

The global miner would be willing to fork out a large premium over market value to secure a prime asset as it tries to reduce its reliance on iron ore, company and banking sources told Reuters.

If it can’t land a big copper project, it is weighing the cumulative power of a series of more modest acquisitions to increase its exposure to a metal expected to be in high demand from the electric vehicle and renewable energy industries, the sources said.

Hi ItsAll This might help,

"Directors, like any other shareholders must comply with Market Abuse Regulation (MAR) 1.3.2 on inside information. This regulatory mandates that Persons Discharging Management Responsibility (PDMRs) i.e. the company statutory directors in this context cannot deal when they are in possession of price sensitive information, i.e. information that when released to the public is likely to have a material impact on the share price of the stock in question. A period of time when Directors are prohibited from dealing is referred to as a ‘closed period’.
On top of this ‘catch all’ the EU Market Abuse Regulation (MAR), Section 19 goes a step further to explicitly state that PDMRs cannot deal in the period of 30 calendar days before the announcement of interim financial results or a year end results. This is referred to as the MAR closed period. Taking the AIM market for example, companies need to publish a half year financial report within 3 months of the half year period ending and the final results within 6 months of the end of the full year."
and so it would seem that the periods during which the directors can deal are severely limited.
These limits are currently being used by many of his "fans" to excuse Steve Sanderson's total lack of "skin in the game over at UKOG" Should have raised a few red flags for me, but greed overcame this warning. For me, UKOG has to double from where it is today just to get out. James Anderson over at Scottish Mortgage has over £30,000,000 in his fund.
Hope that is of interest to you. Cannot wait for the RNS to land here, where I have 10K riding. GLAH

She ran onto the rocks!..... Hope we don't suffer the same fate on the Kimmeridge ledge!

Oyster last July was valued at about C$0.59 it's current value C$0.23 down %10 yesterday, makes our stake now worth about C$705,000 or �410,000..... What did we pay?....Doesn't seem such a good investment to me......What hope of an IPO?