Uk Oil & Gas Share Discussion Threads

[funkmasterp12] 23/3/2016 11:26

Here's a few for you:

"The potential upside of all Upsides TU, which will be de-risked even further on the next CPR, OIP update and the eagerly awaited Ernst and Young economic Kimmeridge report/study. Gl:-)!"

"Lol more like a BILLION BARREL GUSHER"

"Ps no placing likely for the foreseeable, Ukog have got almost c £5m cash and do not require more funding until they need more cash for their next expenditure."

"Ukog will be pushing new highs on full flowtest data and CPR update, Ernst and Young report and lots of other potential exciting news as the penny finally drops and the market and "so called" industry experts realise their judgement of error."

I could go on, but you get the point.

[moneymunch] 23/3/2016 11:18

Lol funky, give me one example where I have disseminated potentially false information......any opinion by me is always imho and backed up published facts and articles relevant to the prospects and potential....and I haven't encouraged buyers as I was selling, but I have top sliced several times but have always held the majority of my holding, and topped up again on the lows.....even now i continue highlighting Ukog's potential, yet I'm waiting on funds to invest but I'm not talking the share down unlike your scumbag mates who you appear to give credit.......Gl......:-)

Ps my current holding is now back in profit....Onwards and Upwards!!! :-)

[forwood] 23/3/2016 11:11

You may be honest funkmaster, or you may be another sort of deramper. Your recent past comments have not exactly helped inspire confidence, and that is key to share movements.

Interesting to contrast the fortunes of 88e and PANR with UKOG. The difference is the negative contingent here, taking their cue from Shareprohets' TW. The fact that he's been consistently wrong here doesn't seem to have stopped this. He is always looking to dish the dirt, no matter how far-fetched or nonsensical, and it's enough to raise doubt for some people.

Personally I think they are misguided and have limited potential in a share which you cannot short in the conventional sense of selling CFDs and manipulating the book. I don't know whether you can borrow real shares to play with here but only genuine trades - buys/sells will actually move the price. Spreadbetting doesn't do it at all!

Here's another prediction - come lunchtime, we will have a further move in the prevailing direction, ie up!

[funkmasterp12] 23/3/2016 10:57

moneymunch - sorry, but your point is moot. You're just as bad - if not worse - at disseminating potentially false information about this share and you admitted last night selling whilst encouraging others to buy. You cannot crow on about de-rampers effecting sentiment whilst you're doing exactly the same yourself.

Forwood - I respect your devotion to the technicals and wish you luck with that strategy.

[forwood] 23/3/2016 10:48

Technicals reflect what actually happens, thus they reflect past behavior. But they are now sufficiently powerful to influence behaviour. The more people see and understand this, the more they influence.

I have used RSI, MACD and slow stochastics for about 10 years. In that time you get reasonably proficient at reading it. Nothing happens in a vacuum so I will also take account of what's happening in the wider market, within the sector, etc.

It doesn't always work - news will always cut across a technical move, whether positive or negative but then the technicals assert themselves.

I can tell you now, the 60 min up move has definitively begun. It may not be a straight line but it has the potential to move up over 2-4 days. On the longer timescale, it may well turn the daily indicators, in which case we will see a sustained move taking place over a much longer timescale - a month or two.

What we could see here, absent news, is a period of consolidation in the range 2.1 to 2.5 while MACD completes its move and begins to turn up. I think it likely that the weak holders have for the most part gone and you have new entrants buying into the story, plus those who sold at higher prices and have decided its worth coming back in. There will always be those content with a 0.1 - 0.2 move: with 500k shares that's £250-500!

The real money will be made by holding for completion of the next daily chart move up. I expect this will be news driven and provide a significant hike but lets not get too far ahead, as a lot can change.

[moneymunch] 23/3/2016 10:37

Lol funky, the point is in reference to your statement that sentiment isn't altered by what is posted on bb's, the basher brigade spend their entire time trying and even set up new threads to instill fear and doubt, and as a genuine private investor i merely highlight relevant information on prospects and potential, and will counteract the lies and misinformation spouted by the bashers.

Ps TU correct , I'm not up to speed on the Technical side but you can generally get a good idea when a chart looks poised for some upward action. Gl ;-)

[funkmasterp12] 23/3/2016 10:22

moneymunch - Yes, because they're probably short. It's also your agenda to alter sentiment to the long side. I don't really see your point?

Forwood - you believe the technicals if you want to, but honestly I think you're completely wasting your time. They're lagging indicators and cannot be trusted at all with "hot" shares, or micro caps. Very few other buyers or sellers of this share will study that data, which effectively renders it moot.

[theuniversal] 23/3/2016 10:15

Moneymunch sounds like you are more fundamentals than tech analysis...I tgink both are relevant.. the key is watching the psychological exponent.TU

[moneymunch] 23/3/2016 10:13

Lol forwood, looks like your technical analysis is spot on.....Onwards and Upwards! !! ;-)

Ps. A sudden and significant re-rate coming.....:-)))

[moneymunch] 23/3/2016 10:10

Lol funky, you tell that to 12bn, Lydnem, wetdreams, Tommytwit etc etc et al. ...why else do you think they spend so much of their valuable time posting incessant repetitive negativity on a share they're not invested.....to alter investor sentiment is exactly their snide agenda. Gl :')

[forwood] 23/3/2016 10:06

I decided to be more polite - but that can change! I've been doing this for a very long time and while you get exaggerated moves in these shares, the technicals still apply. You only have to look at the chart to see that is true.

On a share like this I don't pay much attention to the very short time periods >15 mins but they often mark turning points. But 60 mins works well here and we are still unwinding the initial move up on the daily chart. which is as clear as day. We may well be on the point of turning that though, as RSI is oversold, and stochastics is ready turn up. Only MACD has yet to complete the move but doesn't always need to go negative before re-commencing an up move.

BBS sentiment can affect shares, particularly ones like these. People like Datait paradoxically probably hurt sentiment but those with a little more credibility can move the goal posts and improve confidence.

[genises] 23/3/2016 10:00

Barclays not taking buys, normally means price is going to be increased

[funkmasterp12] 23/3/2016 09:57

... and that's especially true if you believe bulletin board posts alter sentiment. You might as well add a "is DATAIT Bearish or Bullish" indicator to your MACD.

[forwood] 23/3/2016 09:50

Funkmaster - technicals ALWAYS apply!

[funkmasterp12] 23/3/2016 09:44

Technicals mean absolutely nothing on a share like this Forwood.

[forwood] 23/3/2016 09:36

Inverted H&S on the 60 min. Not strictly kosher as a technical signal but seen it happen too often to ignore. Minimum target is 2.225 but think it will exceed that.

Am looking for this next move to take us back to 2.5.


free stock charts from uk.advfn.com

[forwood] 23/3/2016 08:50

Looks like we have a bit of a fight back!

The 60 min chart - no guarantees, but a reasonable point from which to commence an up move.


free stock charts from uk.advfn.com

[tmmalik] 23/3/2016 08:49

Coming back ,it's better if they don't release news:)

[forwood] 23/3/2016 08:43

Good to see the back of 12bn. Can do without a constant repetitive flow of ill-considered tosh!

[moneymunch] 23/3/2016 07:42

26/2/16

NEXT PERIOD

In the next twelve-month period the Directors expect to see a number of positive developments for the Group.

-- HHDL expects to complete the two remaining flow tests of the Horse Hill well operation in the Upper Kimmeridge limestone and Portland sandstone. We plan to return to the well to conduct a long term production test and horizontal sidetrack well, to establish the most likely expected recoverable volume of oil from the well. Preparations are now underway to submit the necessary documentation to acquire the regulatory permissions to proceed towards further appraisal and development of one or more zones of the well. These permissions will include the capability for additional phases of development drilling.

-- UKOG is well advanced in the construction of a Field Development Plan for the Markwells Wood oil discovery (UKOG 100% and Operator). This will likely be completed and submitted to the OGA by June 2016. Planning permission will also be sought from the South Downs National Park Authority before end 2016.

-- UKOG will finalise the onshore Isle of Wight licence (PEDL331, UKOG 65%) with OGA, following the 14th Round award.

-- UKOG will continue with well design and preliminary regulatory steps necessary to drill an appraisal well on the Arreton Main oil discovery in PEDL331 (UKOG 65%) and an exploration well on the M Prospect in P1916 offshore Isle of Wight (UKOG 77.5% and Operator).

-- UKOG is considering drilling an appraisal well on the Baxters Copse discovery (IGas 50% Operator, UKOG 50%).

-- New production wells are being planned on two of Angus Energy's producing licences (Lidsey and Brockham).

-- UKOG plans to continue to expand its licence position in the UK onshore, particularly in its core Weald Basin tight-oil plays, with additional exploration, development and production investments. The UK onshore continues to be an attractive buyer's market for assets given the Company's cash position.

[12bn] 23/3/2016 07:38

forwood,I will use the other thread,you used to be more tolerant but I guess no-one likes losing money and the truth hurts.

[reynoldsg] 23/3/2016 07:35

When can we expect the next IOW news?

[theuniversal] 23/3/2016 07:26

Forwood 2278 I agree fella..maybe warwick69 (ex-MM himself) could shed some light on MM legal obligations or not (under hand tatics) to delay putting a fair value on the share price when significant news suggests a possible share price rise?