Sometimes you can do nothing but laugh at the sheer absurdity of some statements,you will be telling me next it’s bigger than the Atlanti and deeper than the marianas trench . I only hope the world has enough oil tanks to hold it all
I remember it being ramped to high heaven at BB drill, with talk of super cars,yachts, luxury holidays. Even right up to the disastrous news Marky1234 and the ramping crew were still talking it up. People ( yes perhaps naive) jumped in with the clamour this amazing get rich quick share was offering, anyone perhaps discussing the high risk was dismissed as not a shareholder,a troll or a shorter. In fact I’m none of those things , I was and still am a ukog shareholder albeit a more cynical one. I don’t care how deep the oil column is, how far it stretches or how rich it “could” make us. If we can’t get it to flow at commercial volumes none of those facts matter
I laughed so hard when I read that, even the most easily led wouldn’t believe such utter nonsense . As of yet, NO commercial wells declared and with the results on a knife edge definitely not a share for the faint hearted . I would be the first to congratulate LTH on a highly successful commercial production result, but if it goes the other way, the old ramping crew will be gone quicker than a rat up a drainpipe
The simple truth is many PI have been down this road before with B.B., leaving many ordinary folk deeply out of pocket. Now all I hear is ignore those who aren’t seeing the same UKOG pipe dream. These ridiculous claims of great wealth often with a self declared IMO disclaimer. We need proof and oil out of the ground As a commercial venture, everything else is abject failure
I wish every success to all holders here, but my own instinct is telling me something isn’t quite as it should be,the lack of tankers and no news is casting a dark shadow over the share. Been burned once before at B.B. , fear history repeating itself here
I (and lots of others) have been there before with UKOG, badly burned by the hype and my own lack of common sense. Bought back at 1.10 and sold between 1.45 and 2.25, Not bitter at further rises , happy with profit banked. Still lots of risk here, too much IMO GLA