Member Info for Vernony

Well as you so rightly say there are too many shares on issue at too cheap a price. There is probably some mistrust about the BoD too, IMO because of the hype that they gave to Bradford Bridge. So except for diehards people are waiting to see the RNS of the whole of the EWT. At this price the SP cannot surge because profit takers step in. It could surge though, if there is a really red-hot RNS. Although, in the long run to kill off the large swings in the SP they will consolidate the share and at what price has people worried.

I dunno that it would be smart for Solo to off-load before an over due RNS, they could make a mint by staying in a little longer, if it is Solo then they must be strapped for cash to sell now

I am wondering why the all seeing and knowing Argus1 can tell people that they ought to educate themselves ? Moreover, if they are share-wizards, what are they doing in AIM, and why isn't their stock-broker doing all their work for them, while they sip pink gins on the sundeck of the yacht ?

Yep I.too, have noticed that there are a lot of idiots around, especially those numbskulls who disagree with me I think they should be shot :))

Dunno how I got it wrong but I was under the impression that it was a 150 day flow test, which would make it overdue. But, since they are still at it you must be right

Well said There may well be an element of caution, or sentiment, UKOG talked up BB with words akin to it being one accumulation with HH 25 miles away. Turned out that maybe it is but oil did not flow at BB, so even black and white results at HH now cause people to hold back, wondering if there is a catch !

Well sometimes buys are in fact sells but also there are billions of these shares out in the bondu it takes a quite a few million buys to move the sp even a few points up the scale. Also, of course, the shares are so cheap that people an mop up fat portfolios of them, making a shift of as little as 2 thens of a penny upwards to be worth selling. What we are waiting for is a really upbeat RNS which will cause an avalanche of buying to market with people from all over the world piling in, That gives the market skimmers a reason to stay in, but in anycase the volume of shares being brought outweighs their bread and butter market activities

As they have targeted 2019 to begin production at HH, then given a good EWT this SP ought to rise dramatically once the results of the tests are announced

That would probably take us until 2022 if they want to start producing cascade. I don't mind if they do it decade where the income from one then two will negate the need to borrow more

Yes their earlier pressure testing indicated that KL3 and KL4 were one accumulation

Bit a broad statement ' we are being laughed at in the city' . Personally I don't think that the city cares much about AIM, it is too dangerous for them to invest in because we must not forget that a majority of the Investments Managers and Fund Managers are salaried staff and they have to account for their actions probably as often as once a week and the way AIM seesaws they cannot risk it. For the same reason that fund managers and shorters etc are largely a figment of imagination in here. People pick up these stock market terms and apply them in here to appear to be all seeing and all knowing about stock market matters, to which one is tempted to say 'what the hell are you doing in AIM then ! In this case, although the prospects look as good a bet as any, but the financial periodicals are not tipping it. A good column in a respected financial journal would do wonders. Doesn't have to be in this country, Japan, America, or Singapore. If it comes it will be a breakthrough.....but when ?

I don't know how that reporter calculates oil, but perhaps he did not notice that the USA, once the largest importer of oil in the world, now declares that it will make up any shortfall in world production by exporting oil from the USA. I don't think, though, that we really need to worry too much about on-shore oil in the UK. Maybe offshore oil could suffer, but onshore production shouldn't be too affected by OPEC, unless - of course, OPEC starts to give it away

I think it is a high moral principle. Whatever he did brought, or sold, it would be perceived to be an indication of the health of the company and lead many people into buying or selling. At this stage he most certainly should not buy shares privately, it could be misread by just about everybody

That buy of 2,000,000 and one minute past the close down. Leads one to think that it was a carefully timed buy, if so, for what reason :))

I doubt that OPEC can do a lot. Facts are that America at one time used import 25% of all of the oil produced in the world. Since they went into shale they have been decreasing their dependence upon OPEC and have already become, or are set to become a net exporters of oil and some say the largest producers of oil in the world. OPEC, therefore, are between a rock and a hard place because there is a general move out of oil to greener alternatives in the rest of the world. On the other hand OPEC countries are dependent upon oil and oil revenues. If the oil revenue falls short then these particular countries have to draw their belts in. That is unlikely IMO the scene is set for OPEC to fly apart as its members try to increase market share of oil exports by undercutting their rivals. IMO the not too distant future for oil is under $40 per barrel, which will probably means that the deep sea oil wells will become uneconomic and shut down, Meantime, UK land based oil should be able to compete, at least on the home market, and that will mean that they can thrive until all vehicles go electric and fossil fuels for power stations are phased out. There will still be a market for oil, we will still need it to grease machinery and for certain plastics, although plastics are under threat as well. That leaves aircraft as the main users and maybe the farming industry but nowhere near in the quantities currently needed

Most shares tend to languish in the rundown towards Christmas. Perhaps in AIM where there is a high mix of private investors that may be more apparent i.e. withdrawing money to finance Christmas on the home front. So, that being true, we should see a natural rise from the end of January. Of course the other possibility is that they have not issued an RNS because the news is so exciting they don't quite no how to present it to the public :))

The issuing of shares in pursuit of buying another company is not quite the the same as issuing shares to obtain cash. If what you are buying will generate more cash than you paid for it then it becomes an asset whereas cash borrowed is always somebody else's asset. The problem with the UKOG new purchase is that it years down the line before the IoW comes on stream and the shares are a debt in the meantime. I just wish that SS would consolidate what he has start earning and launch out when he has an income. They poured millions into the BB duster and still hint that they want to revisit the site or one nearby. Get a steady income UKOG and if that is solid then by all means branch out

The dilution, although negative now, is not so bad because if the acquisition produces then it becomes positive and worth every share paid for it because what they paid for it was chicken feed. The real problem is that it kicks the can down the road towards profitability for the rest of the company and we are probably looking at 2022 before everything is producing (barring more take-overs that is) The time for a predator to buy UKOG is, I think, right now

It will have to be one hell of a bounce to raise nearly 4 billions shares out of the doldrums. It needs an institutional investor to take a billion, or more, out of the market and hold them, that may just be possible, because on RNS's it may be just as good, or even better than gold which is bound to come under pressure as we come up to Brexit

Seems a bit silly to be taking loans or signing contracts in Euros or Dollars before Brexit. It is a 50/50 change that the £ will take a knock on the foreign exchanges after Brexit, but will probably recover in a a year or two, But it will make repayments or payments that much more expensive in the meantime