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nomlungu
Fantasy?
UKOG values are currently rated based on a net present value of $70 per barrel sale price.
The markets have now changed with the Ukraine war and the fall out consequences, it will take time for the new production to meet demand around the world.
Adding a 50% to the $70 values would only increase that value to $105 per barrel still well below the current $120+ price per barrel which is forecast to rise to $150 -$175 per barrel.
Rising inflation over the next 20 years and lack of exploration and development is likely to push that figure further forward over time.
Penguins
You scoffed when you were advised that UKOG would be going back to the centre of the Weald now they have planning and environmental permits its more bitterness.
I won't waste my time on your negativity as everyone can see it is now a reality despite your doom and gloom.
The US tonight raised it base rate 0.75% to $1.50/1.75% this will likely strengthen the $ further from it $1.20 levels with more large rises in interest rates projected this year.
With the current and rising oil and gas prices and a falling £ UK companies may look cheap especially if permits are granted, they have a international exposure.
A forward looking CPR could be just the thing needed to light the UKOG rocket and development now.
Metom
It looks unlikely as Jeremy has nothing new to bring to the party.
He also did not get his way in the vote in the house of commons to oust Boris so he must be seething.
He looks like a yesterday's child now.
Funny Cyndiliar!
Still no placing that you have been shouting is coming in almost all your posts over the last 12 months.
We know your grievance after publicly investing so much here with all the Twitter photos of the purchases the sale losses must hurt?
Pride goes before a fall!
Your two other UKOG gambits also failed!
It looks like you are not doing to well here and getting more and more bitter to me.
Should we call you Cyndiliar or Billy Bully?
There is an announcement today that the first licencing round of carbon capture storage facilities has been announced and government support with regulation and financing may be needed for these long term projects.
I wonder if UKOG's plans include licence bids.
https://www.reuters.com/markets/commodities/britain-launches-first-licensing-round-carbon-storage-sites-2022-06-13/
Ocelot
I agree but the market at the Moment does not seem to have the confidence in UKOG or its management?
Have they got something up there slieve to turn this around?
Like many here I hope so, especially after all the money spent, bonuses paid and work completed in getting Horse Hill through the complicated regulatory process and all the court cases.
I believe that if the market could see good progress & increased oil flow and revenue from its current flagship project it would help the confidence in the company.
It may also help if all f the directors were to show some belief and commitment in the company with share purchases not just SS.
Hopefully the interim figures will provide better news.
It seems fair to say now that the current and projected future oil & gas prices make the potential success case for UKOG better now than it has ever been. Confidence is needed to make it a reality and the directors need to bring that confidence forward and reality forward.
Sting69
Looking at the request for £980k nominal value for director discression it could give the big raise you wanted for development. Hopefully the directors have a plan and raise at a much higher share price than today.
Gl.
Mullins
This is from J P Morgan this week.
https://www.livemint.com/opinion/online-views/jp-morgan-s-jamie-dimon-s-175-a-barrel-oil-price-prediction-is-hyperbole/amp-11654262711874.html
I see another would be with his wisdom is back posting his negatively while we wait on the decision from the secretary of state about returning to the center of the Weald!
Ibug
Investing is very subjective and I don't expect that any investor will invest on either your or my posts. In my opinion you lack balance and objectivity.
Maybe you should mark your posts with your opinion on the share as a investment there are 8 options to choose from!