RE: Good news today13 Sep 2019 05:49
Archie
Sorry went to bed early travelling this morning
I may come across shaving an undertone but I think that's people perceptions and so it wont change
Oiler said exactly the same as I said yesterday in one post that it takes years to get anywhere in oil in this country as can be seen by ukog
That blew up in my face and I got accused of ramping ukog and trying g to get people to move
You'll probably find most like me ar in bothh any way
Price of ujo well I keep to my thoughts as previously said
Firstly I sorry but ujo are just a bloody good team of geologists and technical guys from what I can see they are all in an office in bath pawing g over geological maps and technical information oil,gas data
They are almost the technical arm of the larger oiler which is say Egdon or Raithlin depending on the site
They wont want to extend themselves to organising rigs,testing etc etc but I am sure really have say in the operations and definitely are a major influence in the success so far
I thought the price would have held on the rns last week at least at .35 hence I went on site clicking my lips at selling the spike and was mad at myself when I got back into the office
People rightly so were taking profit
Ujo are always going to have spike and then drop,they have lots of opportunities to do this over the coming 6 months
The price after each spike should see incremental rises unlike this last spike but only after a major holder finishes selling
Why sell you say
The reason is that person like a lot on here are already looking for the next rodeo so to speak they may stay and wait for the poss buy out but it's getting to long to tie money up for these people
So the build up slowly will be to .5 to .6 and only on great news every where
1p is a massive dream on the back of wnb and a sale but if the numbers and volumes talked about come up then it's possible
It will take at least 4 to 6 months for that then back to .5p
Ujo dont hold enough and will go of exploring elsewhere for it to get to 3p I cant see them ever that high even on a spike because that's massive massive proven assets required at 16%
They are not builders they are bloody good geologists and dont want empires
It's in their Gene's
Definitely better than most companies or the bank and always going up but at .6p then that's it but still more than most
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