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Agreed, Oil price could easily go over $77 today and maybe touch $78 on it's continues expected path the £100 later this year and next.
Great for UKOG Turkey production profits which have a cost of less that $20 per barrel.
Do the math...Turkey will be hugely transformational for UKOG.... we'll be laughing at all those who thought we would go over 1p again..... we'll be sitting at 10p plus towards year end and going north through next year as the majors start paying attention to this emerging mid-cap oil and gas company.
Mid-cap is the boards target and that's a $2 - $5billion valuation.
Oil price back up over $76 again https://oilprice.com/
See how fast it jump back up and past 1p in 2017.....could be next week with initial oil show......Getting very exciting again :-)
The army of interested invested and sentiment will drive this up again like in 2017.
At the rate they drilled and cased the larger section I'm expecting 4 to 5 days..... Monday!!!! :-)
Should be fun next week.... for those of us holding that is ........ not so much for the deramping crew hoping to release funds from elsewhere trying to get in cheap.....
Oil show......UKOG SP Woooooooossssshhhhhhh back to well above 1p and the sky is the limit as they scale up.
Loxley Gas starts this month too :-)
GLA
Oil is coming home! :-)
More speedy work by the Turkish team.
This next drill section could hit the first pool of oil.... could we see oil next week.....Monday...wouldn't want to be out for the weekend.......
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Great time to buy in this low before the momentum builds towards drill results then.
GLA
If it's not so good in your opinion why do you continue to deramp and hope to get in at a lower price.
Why don't you just buy another stock and leave UKOG investors to their choices.
Simple answer is you see a lot of money to made in UKOG and want to keep the price low while you build your position.
The more investors you can convince to see the more stock you can get cheap.
Other than XR agenda's that's the only motive for posting continued negativity here... same for all trolls.
Good luck investors... our time is happening :-)
2017 summer repeat :-)
Hold for the ride.
Still at cheeky top up levels for me though..... keep buying at this price :-)
Yep, someone with big pockets recognises the opportunity to buy an emerging oil and gas stock when the rig hits the ground.
It's a big rig too :-)
Great new pictures.... been drilling for four days already..... next RNS soon for the next stage.... The Turkish team do not hang about.
Very hot summer coming for UKOG shareholder...... what will you spend your retirement winnings on ??? :-)
Exactly, UKOG seem to be releasing news and increasing the SP demand before they consider the placing and needing extra funds.
Remember director interest is now aligned with current shareholders.
The game has changed and we have a very very strong investment case now.
Don't let the XR troll noise on here distract you from your future potential gains.
Busy day for trolls today.
It's sweet they think they can argue against the reality of a huge oil rig drilling into the undipped oil pool.
$$$$$$$$$'s of oil giving rise to £££££££'s for UKOG shareholders :-)
And the oil price keeps on rising...over $76 now :-)
https://oilprice.com/
Group troll attack as started just as expected.
Easy to spot the XR crew.....Investors remember they are are just here to entertain while we wait for the drill results.
So cheap to but these shares right now.
Now the rig is in operation and the SP is still so low..... I'm having a few more today.
Top-up one already placed :-)
This is just the first drill in the first license area.
The whole Turkish enterprise will multiply very quick... especially with the speed of work by the local teams and government back agenda. Push push push.
In Turkey it seems everyone is engaged and invested in boosting oil and gas production and in turn the national economy.
UKOG are the experts to help facilitate that and as investors we might just make a £ or two :-)
Go UKOG, keep on drilling :-)
This asset could be very very big..... and just the first of many in the Turkish oil fields.
Iraq size opportunity ? could be and and the geology certainly looks that way.
Very nice one UKOG.... as predicted by yours truly drilling commenced at the weekend and we get an RNS Monday morning with a gap up :-)
Glad I stayed in for the weekend..... watch this motor now as we get further updates of the drill progress and the wider market comes back to UKOG..... just like 2017....go rocket UKOG!!!
It will trade up on sentiment.
The 2017 run was also fueled by high value French brothers interest.
Any kind of rumour of a major looks at a takeover etc.
To work out an actual fair value on assets will be a massively and hopefully dramatic moving goal post over the next couple of years as each well / field / region comes into production.
Think Turkey - several licence areas with several wells in each.
The Weald basin in mainland UK
The three Arreton plays in the IoW
Loxley Gas
Green energy deals etc.
This is just the current picture but who knows how this could expand as the Turkish cash starts to flow.
GLA
Double it will five bag just to get back to 1p and we should be trading around 3p waiting for Turkish results.
Initial five well plan at more than $50 per barrel profit!!!
Do the math..... this is going to be huge from here.