Uk Oil & Gas Share Discussion Threads

[henchard] 20/2/2018 15:22

Henchard - 15 Feb 2018 - 23:51:03 - 68267 of 69576

After UKOG published its final HH flow-test results on 21 March 2016, the share price settled at around 1.9p. There were 2bn shares in issue and the market cap was thus £38m. At this time UKOG had a 19.968% interest in HH but has since increased that to 32.435%. So on a pro forma basis 1.9p = 3.1p and the £38m market cap = £62m.

If we were to be extremely generous and say that there was no over-exuberance following the HH flow test results and that the market was behaving as a weighing machine, what would happen if there's no BB oil and the market reverts to valuing UKOG on the basis of the HH results? Today, with 3.7bn shares in issue, a £62m market cap would see the shares at 1.7p.

[roofer2] 20/2/2018 15:22

OMG Well that pi...d in the dream

R2

[datait] 20/2/2018 15:22

not finished yet folks there is still news to come fill your boots at such cheap stock.

[boxerdogz] 20/2/2018 15:22

DATAIT
20 Feb '18 - 15:21 - 69578 of 69579
0 0 0
Its way over done


THEY are done ...finished IMO.....

[filthypoor] 20/2/2018 15:22

0.8p is the get-back-in price...!

[jimmya1986] 20/2/2018 15:22

That's like a massive kick in the knackers! Assume this will be back down to 0.8 with little chance of recovery.Debating to sell while I can or hang on and hope for slight recovery in price...

[datait] 20/2/2018 15:21

Its way over done

[datait] 20/2/2018 15:20

Dont worry you still have your health folks get back in with what you have

[gregpeck7] 20/2/2018 15:20

Recovery cash hitting uen now... 13m 2200 bopd. Exploration well drilling.. all tonplay for..

[geoffmanana] 20/2/2018 15:19

I'm genuinely sorry to you guys and girls, as I've been in this position myself with CAZA.......I'll leave it at that.

[boxerdogz] 20/2/2018 15:19

Just take a look at L2 and the charts

[1crossfire] 20/2/2018 15:17

What price people looking to get back in

[judijudi] 20/2/2018 15:15

Sorry for all genuine holders and the ones the blatant rampers sucked in

Datait
Tough shyte :)

[bullinachinashop3] 20/2/2018 15:14

sorry guys - its the nature of the oil business...

[boxerdogz] 20/2/2018 15:14

whattheduce
20 Feb '18 - 15:13 - 69564 of 69567
0 0 0
So it looks like there were problems that they don't have enough time to deal with. The overall from this test program is poor then, have to wait for the new sidetrack into kl3/4. A disappointment we don't get the nice clear results now, have to wait more for the well to be properly run. At least they have flow from the upper level, although low. Moving on to HH now.

Will be keeping my holding while the technicals are sorted out. LTH so stupid to sell out on a temporary set back.

THICK AS MINCE !

[boxerdogz] 20/2/2018 15:14

Let me see , 0.7p buy in time and hope for a takeover

[boxerdogz] 20/2/2018 15:13

I try to call the bottom and take a stake for a quick buck or 2

[whattheduce] 20/2/2018 15:13

So it looks like there were problems that they don't have enough time to deal with. The overall from this test program is poor then, have to wait for the new sidetrack into kl3/4. A disappointment we don't get the nice clear results now, have to wait more for the well to be properly run. At least they have flow from the upper level, although low. Moving on to HH now.

Will be keeping my holding while the technicals are sorted out. LTH so stupid to sell out on a temporary set back.

[gregpeck7] 20/2/2018 15:12

Uen chaps. 2200 bopd. 12m mkt cap. Makes sense. This ain't commercial.