Low before the storm15 Nov 2019 14:39
Sentiment and loan shares selling is hitting UKOG's share price, but that gives us a great buying opportunity if you believe and are confident UKOG can deliver as I do.
Sentiment I think is rock bottom with Angus' share price collapsing and UKOG's last drill not delivering as expected.
But we've been told already the drill has gone well so far. They hit target depth and even called it short because the signs were so good.
UKOG do need to deliver results to turn sentiment and bring in fresh investment, but all the signs are that they will.....70 times the portland exposure compared to 'two tankers a day' HH-1 and significantly less pressure depletion than expect.... it certainly should deliver.
There are a lot of eyes on this share so when they do deliver that initial flow news I guess that'll be the trigger that turns the tide....this could happen next week.
We may even get an update late today that the rig has left the site and well finalisation is happening this weekend ready for flow next week.
It's going to be a very exciting ride up from here.
GLA