Member Info for Vernony

I don't know what their time schedule to production is, but I imagine that it is a year away, and they have very little coming in at the moment, and they are in debt.If they keep issuing shares one could use them to paper the walls with, but little else. A share consolidation will, of course, limit the number of shares on issue, but I believe that a new consolidated SP would have to be backed up by production or very near to production, otherwise it could fall flat on its face. Certainly, if it goes to plan, they will have a large enough income to settle their debts. but it is between then and now that they have to cover. They could, of course, take a straight loan. perhaps a merger. Or, try the Dragon's Den, for 40% of the business ! How do you see it pan out ?

Good post of yours. Another way could be that the news is strong enough to attract popular press coverage. At the moment the pressure must be in the system but early profit takers have got first to be squeezed out

Just people taking a profit, it is what they are here for.

It can be anticipated that there is going to be a crack down on oil use because of the global warming reports but do they know enough about wind power ? You don't get something for nothing. The jet streams of the world more or less follow a set pattern over the UK more Southerly in the Winter more northerly in the summer. This drags in the low and high pressure troughs and peaks which give us our weather. Right now the North Sea has the largest off shore wind farms in the world and they are expanding very fast. The jet streams are, of course affected by surface resistance transmitted back up to them as they force along the moving depressions below i.e. It takes more to shove an isobar across a land mass than it does across a sea, but over the years it has reached an equilibrium . But, suddenly hundreds of wind farms have appeared and they are extracting millions of watts of power from out of the wind and causing a back pressure way up to the jet stream. The jet streams being unconfained will always seek the path of the least resistance, and move into it. Could we then be inadvertently be redirecting the jet stream to further North or further South. In which case there would be a major climate change for Europe to either colder or warmer. Food for thought but as I said before you don't get energy for nothing it affects something somewhere

So there we have it Portland 325 barrels per day and with side track perhaps over 1000 barrels per day.
KL3 and KL4 are interlinked and represent a combined column of oil 358 feet deep each producing round about 500. Possibly they will not side track both KLs if they are interlinked but just one side track apparently triples the amount so 1500 per day, in all it adds up to c. 2500 barrels per day at $80 per barrel 200,000 dollars per day X7 $1,400,000 per week. Then, of course, they could use more
strings IMO this is big, this is very big.

I think it is the sheer volume of cheap shares on issue .Many people buy and sell every day picking up fractions of a penny on each share which if you are holding lots makes it significant So if you are sitting at home on your computer making £100 every time UKOG goes up .01 of a penny then that is money in the bank rather than sitting hoping for the big surge in the SP. That keeps the sp down because although the interest is there, it is knocked back by the skimmers . What we need now is a outstanding RNS (which, I would think, they will not wish to issue late on Friday, because of the stresses that would build up when the SM is closed) or, for the share being tipped as an investment. That could be in any investment column from Ottawa to Hong Kong.even in Saudi Arabia !

I think it is the sheer volume of cheap shares on issue .Many people buy and sell every day picking up fractions of a penny on each share which if you are holding lots makes it significant So if you are sitting at home on your computer making £100 every time UKOG goes up .01 of a penny then that is money in the bank rather than sitting hoping for the big surge in the SP. That keeps the sp down because although the interest is there, it is knocked back by the skimmers . What we need now is a outstanding RNS (which, I would think, they will not wish to issue late on Friday, because of the stresses that would build up when the SM is closed) or, for the share being tipped as an investment. That could be in any investment column from Ottawa to Hong Kong.even in Saudi Arabia !

LOL

I am wondering if there are just too many shares out, more than 5 billion at the moment. Could be that massive buys are seeing are in themselves not enough in percentage terms to affect the SP. I think that it is a foregone conclusion that they will consolidate the shares at some time not too far into the future, but they can't do that if they are not producing much. If they can get off of the floor then a consolidation will not be too bad, say at 30 or 40 to one . My bet is that they will aim for 50 pps, that is about 25 to 1 at present prices

Although I imagine the latest climate change report is going to pan out eventually into a move out of oil, but so much depends on it, it cannot be scrapped for many years yet, but there will be an increasing glut and rock bottom price in the years to come but still enough time for UKOG to drain the accumulation

Although I imagine the latest climate change report is going to pan out eventually into a move out of oil, but so much depends on it, it cannot be scrapped for many years yet, but there will be an increasing glut and rock bottom price in the years to come but still enough time for UKOG to drain the accumulation

It defies logic a good RNS expected and the price goes down and down. Would it go up, I wonder, if there was a duff RNS released : ))

They are usually men of no significance Brocal. They are anonymous on the internet and so safe from a clout behind the ear. The fact that they resort to the internet to be abusive more or less marks them out as whimps. Other news I see on ADVFN that there is speculation (I said speculation - not fact-people ) that Esso is looking predatory in respect of UKOG, also something 'unproven' in there to the effect that Esso have a pipeline less than a mile away from HH. It is only rumour and perhaps even just philosophy but it does tickle the ' what if ' rumour foundary

What is strange is that UKOG soared to 11pps on the back of BB, and that had not produced anything or even been flow tested., and it turned out to be a disappointment anyway, and now they are running further tests on HH which has already, short term, proved to be the highest recorded free flowing on land oil well in the uk(1300 brls per day) with a positive pressure of its own. Yet, the price languishes even when the top layer the Portland is now said to be commercial in its own right, but the Portland is not the main player it is the two KLs below it which earlier produced the most oil, and what they are testing right now. I just wonder if when BB came up the people who work at the margins picking up gains as low as one tenth of a penny PS. had discounted BB as a potential sack full of money, so kept away from it until it became a runaway, it had no history anyway ! But, HH is different if you had to bet on a horse you would bet on this one. A rise is, therefore, predictable so the margin takers are in here in force, they can dive in to mop up gains as low as .01 of a penny. So as fast as the PIs bump it up, the market skimmers jump in and knock it back with their profit taking. Just an idea, there has got to be a reason why almost certain large quantities of oil sticks just below 2 pps at HH and BB roared ahead based only upon seismics

It seems likely that this RNS will be reported on over the weekend by newspaper columnists, in which case, it may open higher, then sink with profit taking first thing Monday followed by a strong rise from about 10 am onwards. All is forgiven Lenigas who predicted up to 1 billion barrels around Gatwick, but was howled down IMO of course

They are inadequate people usually, not accountable for their words said from behind the anonymity of a computer screen

The SP is too low and that causes speculation and realisation of gains on a rise of a mere fraction of a penny

The way things seem to be heading I don't think that the shares matter too much at the moment because if this is the gusher it looks to be, then they have simply brought more of it, so they have , thoretically increased the value of the company. (As opposed to a normal loan which puts a company in hoc) I don't know what the mark up would be v/v what they cost when UKOG brought the additional bits and pieces. But, I would imagine that if this comes big then the bits and pieces they brought by issuing shares to raise capital, they will turn in many times the price of buying them in the first place ?

Still can't see why Angus are trading at 8 pps and UKOG below 2 pps. There are pretty good indications from the Angus RNS that they almost have the same thing in terms of oil flow and conjecture suggests that both companies have their straws in the same accumulation. In the event why buy Angus when you can get the same oil field for a quarter of the price if you buy UKOG.

There are lots of similarities between HH and Angs i.e. free flowing at roughly the same rate as each other. Bit of the difference in the water content but Angs feel that they liberated a pressurised water source on the way down and they hope to plug that. If HH and Angs do tie up then the spot light is on Homewood and if that ties in then the David Lenigas predictions could well be true. In which case why buy Angs at 8.50 when HH is 1.975 one might ask :))....Well make your own predictions on that !