Uk Oil & Gas Share Discussion Threads

[forwood] 02/6/2016 12:24

I hope not - just bought 910k at 1.52 (wrongly showing as a sell)

I can't see any of the subscribers at 1.50 being prepared to sell for less.

[tmmalik] 02/6/2016 12:14

If no news this afternoon than it will go below 1.50.

[edjge2] 02/6/2016 11:28

Datait, not alone there, good stuff to come with rising poo
Looks flat now but given time

[datait] 02/6/2016 09:18

I topped up this morning aswell could not resist, we will get good news this month im sure.

[moneymunch] 02/6/2016 08:38

Get ready for some serious upside imho.....the dust has settled already on placing shares by the looks of it, today is the official admission day but all the action took place on Tuesday with the listing of 10 trades amounting to c149m shares which suggests that c50% of the placing shares have aleady changed hands.......the new shares represent c11% of shares in issue and so a couple of holdings Rns's for 3% or more could be likely......acquisition news anytime now and the game changing Nutech/Xodus reserves upgrade imminent....Significant upside beckons on a fully funded Ukog with increased HH % interest with billion barrel potential of the sweetest crude with jaw dropping likely recoverable volume.....Gla holders On and Up!!!

[moneymunch] 01/6/2016 17:45

and possibly no flipping tomorrow either on official admission day imho, that many are concerned about......188m shares traded yesterday and 10 trades all bar one at 1.62 plus amounted to 149m plus......which could be suggestive of forward selling of the placing shares or they were allowed to sell the shares being so close to admission day ( on and around 2nd June ).....and so maybe the fund manager has passed on c£2m worth of shares to a new investor and is holding on to the other c£2m.....which could be the case especially if there are no massive trades tomorrow as we've witnessed today. Hopefully everyone has taken up their positions for now, and are just waiting for the likely acquisition news and the undoubted reserves upgrade to land, and every chance of a holdings Rns or two to follow...Get ready for lift off imho on the delivery of positive news. Gla holders ;-)

[beebong1] 01/6/2016 16:42

No flipping today IMO. Very low volume. Not sure if those selling could be termed lemmings or rats!

[moneymunch] 01/6/2016 13:52

Lol not really Ray, just expectations on likely newsflow. Gl 😈 👍

[rayrac] 01/6/2016 12:56

Lot of caveats MM. Covering your rear?☔️🆘

[moneymunch] 01/6/2016 07:47

Only if any acquisition news relating to Mpet is timed with their Nasdaq opening times, otherwise they may decide to let the dust settle this week while placing shares are obvioulsy changing hands, and release any acquisition news next week, followed by the reserves upgrade, and hopefully a holdings Rns or two.....significant upside beckons imho. Gl ;-)

[football] 01/6/2016 07:36

news later today?

[moneymunch] 31/5/2016 22:54

Cheers Gismo, acquisition news next i assume. Gl ;-)

[gismo] 31/5/2016 22:43

Evening moneymunch! Keep up the good work. This will turn around very soon now Gis

[moneymunch] 31/5/2016 22:36

Fine and dandy TU and looking forward to the next Rns or two or three....and out and about today mostly, and Lse can get a bit overloaded, especially from your mobile. Gl ;-)

[theuniversal] 31/5/2016 22:20

High money munch havent seen you on lse today how are yah fella

[moneymunch] 31/5/2016 22:16

ps kev, where do you think all these shares listed on Advfn Ukog trades today, have come from then??? Lol ;-)

Bought 12,018,930 Sold 49,572,449 ??? 126,601,684

[moneymunch] 31/5/2016 22:06

Lol over 150m shares traded today including Friday's late reported massive trades, and on and around 2nd June is now...Gl ;-)

"The Company will apply for the admission of the New Shares to trading on AIM and such trading is expected to take place on or around 2 June 2016 ("Admission")."

[moneymunch] 31/5/2016 19:54

ps if the placing shares are being forward sold, then most will have exchanged hands by Thursday, admission day, given the volume since Friday including some very large late reported trades.....and with acquisition news more than likely and the eagerly awaited reserves upgrade now due, the current drop in share price is only temporary imho......Ukog's prospects and potential remain the same but they now have an extra £4m cash in the bank to go with the £3m plus they probably still had and the $9.6m credit facility at their disposal....and presumably with so many shares changing hands there's also a very good chance of a holdings Rns or two. Gla holders...big bounce coming once the dust has settled imho, especially on the back a stellar reserves upgrade. ;-)

[moneymunch] 31/5/2016 19:38

Looks like they forgot to include the shares in the Angus acquisition, 2,354,003,469 - 2,310,117,353 = 43,886,116.....gla ;-)

For a total Consideration of GBP1.8 million, the Company will receive Angus' 7.8% beneficial interest in the Licences via the purchase of Angus' remaining 12% shareholding in Horse Hill Developments Limited ("HHDL"). The Consideration, with an effective date of 15 April 2016, is comprised of GBP1 million in cash and GBP0.8 million in the form of 43,886,116 UKOG ordinary shares. Furthermore, GBP200,000 of the cash element will be paid directly by Angus to the Licence Operator, HHDL, to reconcile cash calls for the now completed HH-1 flow test operations. The transaction requires no further regulatory approvals.

[niceyman1] 31/5/2016 19:14

Nutech report can't be to far away now. Definitely think we will see a leak before it's published? Volume is the key here I.m.o.

[funkmasterp12] 31/5/2016 18:22

Rayrac has hit the nail on the head. Profits for the boys, that's what has happened and is happening. PIs are just fodder getting carried away by Nutech reports, broker notes and other guff like that EY soapfest.Anyone buying above 2p now needs a c. 20% increase just to have a sniff of breaking even. That could take weeks.It's not as if the warning signs weren't there!

[funkmasterp12] 31/5/2016 18:18

Yes, the overhang is forming.

[rayrac] 31/5/2016 15:43

that's the trouble with a placing, it get passed on at a tidy profit, but not for us!

Chart looks ominous. Let's hope it keeps above the rising trend!