Member Info for Vernony

I think the average person appreciates that wells will decline, but to some extent that can be offset by drilling new wells elsewhere such as the IoW . It is not guaranteed that the ioW wells will be commercial but there are good indications that they will be . BB of course may be possible to persuade it to give up its hoard, if so then there is 1400 ft of oil bearing strata there . To go back to HH though the stats from Angus and HW seem to indicate a continuous accumulation, if so we are speaking real territory and, of course, UKOG, is in on HW too, Due to the meteorotic rise last week there is bound to be profit taking Monday, but come Wednesday it will be climbing again because the news is too good for it to fall. I see no reason why it cannot be 2p within the next 10 days, or so and that will translate into panic buying

And they are de risked as far as HH goes,. So they are not going to want their shares to languish at 1.30 Gut feeling tells me that they were prefer something like 70 ppl, as a starter, which mean near 54 shares (at today's prices) for one new one

My bet is consolidation at 2.5 PPS

I think it will swing like this but I believe the basic underlying pressure is on up

First off there is no PI who has the power to decamp or ramp. These are just stock market phrases picked up by people and used as if it shows that they have knowledge of the workings of the Stockmarket of all things these Stockbrokers ? ! Come on AIM, of all places to spout their view, which hardly puts them in the wheeler dealer class. There is no reason for this share to go down they are pumping oil in useful quantities and they are going to remain pumping right up until they have two wells then four then 6 . So they are not broke anymore. The only reason that the share appears to be failing when it ought to be going up is, of all things, Brexit, and is probably vested in AIM has by reason of its existence a clientele who can not lash millions away on shares, I don't know what the averages are but it is probably about £3,000. Brexit is frightening these small investors away and they are probably stuffing it into suitcases and putting them under their beds. It is weak minded but then so have big business proved themselves to be with their recent statements about running out of food.... Whereas, those who sell food to this country will continue to wish to do so, it may cost a little more because of customs duty, but that is where consumer choice comes in . You don't have to buy it, if it is going to cost more and that is probably the covert reason why supermarkets are whingeing, they would be forced to reduce their prices and they want to avoid that

The decline is now logical at all . I'm beginning to think that for some reason investors have become scared of Brexit , although in this case it is probably one of the best places to put you money into, but there are some odd ones out there. Then after all you still get the numbskulls on time who say that the didn't know what they were voting for, after having had 6 months to learn the ins and outs

I find it interesting that he speaks of raising cash by borrowing instead of issuing shares. That should in the end stabilise the SP in here as the long term share holders build up their investments

I am not so sure that money changes personality ?

Very true they got us into the present mess and we are still paying back the money they borrowed. The cheek is, it is Labour that call for an end to austerity when they are the cause of it. It was a Labour government that got us into trouble just after WW2 , they did it again with Harold Wilson's devaluation in the 1970s and again early this century, It will take use years to pay that back, in the meantime the loans cost us £,43,000,000,000 just in interest alone. You could certainly build a lot of hospitals and roads and spend a lot more on the NHS with that kind of money. So despite the left wing cry of tax the rich to pay the poor, they have conspired ensured that the poor are even poorer and the NHS is not as good as it could be , and the poor though taxation are helping to pay the rich bankers and financiers £43,000,000,000 per year in interest .....Some welfare that !

The financials and the media in general are so concentrated on Brexit, that they absolutely fail to notice a probably bonanza right under their feet (as it were !)

It will a bit because there are profits to be taken on the way up, but given the RNS and the prospects of the company, it should now climb overall

I would have thought that they reinsert the pipe with an unperforated pipe going past the Portland and possibly a cement liner as well covering that area ?

There seems to be a lot of bad temper and a slanging match going on in here. Don't forget that the decision to be in here is your own. rampers - de-raampers- MMs - market skimmers, and bad maths, they are a fact of life and a part of stock market trading.As we used to say in the RAF when stuck in some desolate piece of desert for 2 and a half years, you shouldn't have joined if you can't take joke

I can't see why Solo would sell after such a positive RNS, they have only got to hang on to treble their money, or even quadruple it I can's see why they would sell unless the bailiffs are knocking on their door

I suspect the the UK financial have something to do with it. They cannot report on anything British without adding a warning or a caution. Even if they discovered a horn of plenty out of which was pouring gold coin, they would issue a caution that the milled edges of the coins were abrasive and in time they would wear out the horn !

It could be misconstrued if he took his options at a time when with insider knowledge he knows that this is going to be very profitable, he has got to keep it neutral

A price drop now is illogical, there is no reason for it at all, that only leaves Brexit Although, how anyone could mix up Brexit with oil production is a bit hard to follow

UKOG is in oil substantial production now which is to be stepped up in 2019 as they add new boreholes into the same strata but the SP is going down, it is ludicrous. I have tried to find reasons before they started production, but none of those wash anymore, it plain dumfounds the purpose of investment

With over 20,000 barrels recovered and sold and still pumping, liabilities excepted, then they are trading in the black and likely to do so for the foreseeable future. As far as I can see, there is no reason for the SP to sink. It almost seems that UKOG has yet to be discovered by the big houses, but really with with the £ l probably due to take a battering for Brexit, traditionally some investors in uncertain times lay off into gold. But logically this has more going for it than gold. This is not a deliberate ramp but IMO UKOG has reached a 'cannot fail' stage. When they do notice it, it will be with a bang !

I don't normally look at twitter or interviews because you rarely get a commitment from an interview, so I would guess that they have probably produced, to date, approximately 23,000 barrels of oil from HH. The most interesting bit being that (but I understood that they only had a 150 day EWt), Nevertheless he says he is going to keep the oil flowing from HH1 as an EWT, right up unto and including the planned additional well on HH in the 2nd quarter and there will be no break between EWT and production. Effectively they are in continuous production now and they intend to remain in production. From the figure of 23,000, roughly 17,000 barrels are to the good of the coffers of UKOG,. There will be more than that of course because their partners will have to pay their share of the production costs. So in casjh terms to UKOG that is probably the equivalent of C.19000 barrels. You do the math, but they will not be running up debt anymore. There were no escape clauses that I heard in the interview