Member Info for StarBright

lovejoy I agree. We have not seen any new news just yet. Tankers are not new news - we should expect them during an EWT on a well that has already produced oil. There is no obvious logic to the rise of the last few days.

There seem to be two possible explanations:

1. The happy-clappy drivel posted here by our resident rainbow chasers has affected sentiment strongly enough to impact the share price. I always say that it (posting here) doesn’t have an impact but perhaps it does under certain conditions.
2. UKOG is a little leaky, and there is good news coming. Enough people have acted on this to impact the share price.

I guess those two are not mutually exclusive.

I think that the SP currently reflects a decent outcome from the Portland testing, with maybe an outside chance of an upward surprise. Therefore it seems more likely that the next set of results from the Portland will “confirm” the price, than they will act as a catalyst for a re-rate.

I’ll be happy to be proved incorrect!

I think that the more difficult question is the impact that any declaration(s) of commerciality will have on the SP. My view remains that this won’t be the flick of a light switch that many here seem to expect, because some degree of commerciality is already in the price.

I think that commerciality for the Portland is pretty much in the price. Kimmeridge isn’t, so remains the area where an upside surprise is possible. I also think it will be a little while before know about the Kimmeridge.

Thank you, but in all honesty I cannot think of a share where technical analysis is less useful! Tesla or Sky perhaps?

Hard news is what matters here.

So not tweeted yesterday by @UKOGlistedonAIM then as your post stated.

The comment on 3 potential declarations of commerciality comes from this interview on July 18th: https://www.share-talk.com/share-news/stephen-sanderson-ukogs-executive-chairman-and-chief-executive-interview/

Accuracy is important, as Elon Musk is likely to find out in the coming months.

Gizzard - can you explain your post below, or provide a link to the tweets you reference?

I don't think that @UKOGlistedonAIM hasn't tweeted since Aug 3rd.

Do you perhaps mean “Hear, hear” johnnie123..?

Are you waiting with baited breath for more slight of hand from those who arent’t towing the line? Perhaps it’s time for a change of tact from pouring over the numbers? I expect you’ll be back to tell us it’s a mute point anyway....

Heid and jptop looking strong just behind the leaders, Lejog perhaps starting to tire...

Looks like the usual herd merry-go-round is up and running.

With the price “rocketing” up 0.15p this morning, he’s lost £450. Not exactly catastrophic, I expect he’s surviving...

Doubleheadedcoin showing strongly on the rails...

Lejog and Danpoe establishing an early lead in this morning’s mindless drivel contest...

Why “should” it be 2.5 without news? The market doesn’t care about what you’d like I’m afraid.

Looks like there are plenty of sellers at/around 2.15ish.

There are plenty of posts saying the mcap is too high.

There are many many posts saying that the share price should be higher because tankers/testing/twitter/Brexit etc

I haven’t seen one post saying that the low share price indicates an absence of oil. Have you?

A few new names in evidence among recent posts....

Today the price will be closed at 2.05-2.10p.

Mr008, you missed your chance... ;>

This is part of a recurring theme here, typically couched in terms of “national significance”, government involvement and energy independence. Do you remember the bizarre discussion about a viewing platform at BB for the prime minister? Whoever it was that made the original observation about UKOG exhibiting a curiously strong, almost emotional, appeal to Brexiteers was clearly onto something. Chapeau..!

Tankers at an oil well that’s engaged in flow testing...!!! Whatever next?

Shoppers with food in trolleys at Tesco; surely a big re-rate due...
Pub customers holding pints; JDW shorts are gonna burn....
Bank customers withdrawing money from ATM’s; LLOY about to multi-bag for sure...

A sense of perspective is needed here.

JayKay,

That’s quite a punchy response. Let’s take a closer look at exactly who is posting c r a p shall we?

85m new shares were issued on a base of 5221m. That’s 1.6% of the shares in issue. If they’d been issued for free that would have been a dilution of 1.6%. But they were actually issued for 1.75p, a discount of .15p on an SP of 1.9p. That’s a 7.9% discount per share issued, Dilution effect therefore is 1.6% x 7.9% = 0.13%

Would you like to share how you get to 1.3%?

With respect to dilution I said: “...issuing more shares does not necessarily mean dilution for existing holders. What really matters is the discount, and UKOG has shown itself capable of effecting placements with negligible (0.13% in the last instance) consequences in terms of dilution.”

That statement is correct also. I can explain it to you, but I can’t understand it for you....

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FFS, why do people on here never question some of the utter c r a p that is posted?

StarBright, lets talk dilution... The last raise (HHDL + 7%) was 1.3%, not 0.13%, so I suggest you get a better calculator...

'...don’t assume that capital raising equals dilution for existing holders. It doesn’t...' Really?

31st Mar 16 RNS: Total shares in issue: 2,043,450,686
13th Aug 18 RNS: Total shares in issue: 5,221,240,526

So, yeah, it really really does... And you ain't even generating any revenue yet, see where this is 'actually' going yet? No? Blame the shorts, that's what I would do....

news - your google derived ramblings are among the least coherent contributions here.

This sentence: “So, it would appear that unless the above data and report is done, the EWT does not just merely....but more to do with the above etc per Schlumberger.” is meaningless. Does not merely WHAT?