RE: Share price.27 Mar 2020 11:12
He also forgets that the oil price has averaged around $60 per barrel over the past 12 months and the big players really need it near $80. The current price war is a short term mechanism to achieve that long term.... which is where UKOG will be :-)
UKOG have also stated that costs per barrel are $19 including transportation and will negotiat better terms for long term production contracts now.... so less than $19 going forward.
Obviously Seadoc is still trying to knock the stock lower for whatever agenda he has now... don't trust a known shortie!!!
Invest in this emerging mid-cap oil and gas production company. mid-cap is £2-5bln !!!!!! ..... words of the CEO.
With Horse Hill, Loxley, Broadford Bridge, Dunsfold, Isle of Wight and secondary sites adgacent to these initial exploration fields, UKOG has a huge portfolio of assets yet to monetise.
Getting in at this price is a gift of an investment case.
The eyes are showing us the proof of the emerging success.
Make your own decissions and I know there are a lot of bargains around right now. Some lower risk but how many have such upside from here.
Good luck all.