Member Info for wizard125

Ninetaails

You can not expect the guys who are doing such a great job to be there 24/7.

I don't think they were over the weekend and maybe not this morning.

They may have families jobs & other commitments.

I'm sure they do the best they can and will be gutted to of missed this tanker.

It would not surprise me that the flags are up for a press conference.

I can imagine a major press conference coming with a number of tankers filling to leave & a declaration of commercially for the Portland before the change in the company on the 1 August in a weeks time.

Hopefully 3 tankers but only 2 reported on twitter.

Plenty to come next week if only 2 taken away so far.

HH 1 last reported free flowing over the weekend.

Mald A second has been & collected no details given.

SS has £2 million waiting for an opportunity just buying a companys HH% & funding it would be no problem. I hope he sets deadlines for payment. Bring it on.

32p Last call

Not even Goldman Sachs went that far they only say as low as 56p but there seems a good resistance at this level & with figures our 1 August I for one don't see it although it would be a great buying opportunity.

There are many reason IMO. for the current share price but I am sure it will come good in the end.

Until then enjoy the dividend this is one for the long term holders.

If you want a little more razzmatazz I think you should look elsewhere.

GL

No reports to my knowledge but there is 1600 barrel oil storage on site.

It was stated on twitter that the 352 BOPD produced on a 20/64 choke now would equivalent to 1120 BOPD produced on a 64/64 choke which was used to produce a similar amount of oil in 2016

This certainty looks promising as things pick up as long as the rate stays stable and we do not pick up lots of water.

Another way of looking at this is that if UKOG's two 100% owned new wells and BB turn out positively buying out the other HHDL partners may not be such a big deal. This would give UKOG a 65% share of Horsehill. Lots to play for. You never know BB could yet be the ace in the hole. Who would want to be out of this now?

News Most enlightening. I for one believe it will come good. It will not happen overnight and any figure to UKOG would be about 32.5% unless it is able to consolidate the Weald with a buyout which would not happen before being a operating company and more data on oil in place & reserves to borrow against should it be possible. This would need a lot of borrowing. Capital would also be needed to develop & recover the oil as well. All not without risk but also lots of potential rewards. It will be interesting to see if UKOG is able to do this and its other projects planned for 2018/19.

StrollerB What seems to have happened apart from shares issued to the directors is that after the court case shares were issued to the previous CEO & his sidekick. I could be wrong but I thought we did not seem to be getting very far very fast.

News

On the basis for eg. that there is 20* more oil in place in the kimmerage and it flows than all the other UKOG oil in place does this mean that the value of UKOG IS 20 * its currant value?

Yanis2005

How does that statement square with for every share bought there has to be a share sold.

2+2 does not = 5

Boyzee

When everyone can see when the MM'S are short or long it is a true market and investors can invest accordingly or not?

It obvious that market makers know what is going on as they have access to buy negotiated trades to balance the market.

The key question then comes as what news (added or reduced value will push up or reduce the value of the company?

All being equal what drove the share price rise to 2.9p before the share placing?

Pijoe1212

That may all be fact & correct.

I think the major problem is the incorrect reporting of trades as buys & sells this gives a continuous disparity between daily reported trades as if the previous statements were true buys and sell would balance which it is clear that they do not.

The end effect is a lack of transparency leading to mistrust is a poorly regulated system.

Thanks for your response @ Fool on the hill. A great prize for you all today keep up the brilliant work it is appreciated by all us genuine UKOGers. It is like having inside information even the MM' can not keep up. (Be careful they may want a direct link)

I think it is being held back after last years fall from grace in the city & possibly concerns surrounding the Kimmeridge commercially which the EWT will show if initial reports by DL & SS are genuine. I believe they are & The Portland has flowed better than 2016 after being shut so why not the Kimmeridge. Add the sidetrack and all looks to be on the up. I hope they are able to return to BB to resolve the issues as that is 100% UKOG owned as will be the 2 new well planned for 2019. 2019 could be a great year.

Welsh Ask yourself how the share price rose to 2.9p before the placing. The brokers & MM's have ways. Maybe by holding things back now this is how they will even things out or prepare for when this fly's & spikes.

Great post matteth14 I am looking forward to seeing the results here & believe the Isle of White & BB will give UKOG a big boost in time.