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Share Name Share Symbol Market Type Share ISIN Share Description
UK Oil & Gas LSE:UKOG London Ordinary Share GB00B9MRZS43 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.05p +4.44% 1.175p 76,366,940 16:27:55
Bid Price Offer Price High Price Low Price Open Price
1.15p 1.20p 1.225p 1.075p 1.125p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.21 -2.27 -0.08 65.4

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Date Time Title Posts
19/1/201920:44UK OIL & GAS 2018 - "The Gatwick Gusher"7,738
19/1/201920:29UKOG strikes oil 2016119,566
18/1/201915:53I wonder why?431
29/12/201801:27Grotto 4 - The Birth of the Franchise732
22/11/201807:48UKOG - Another 'oil' stock for mug punters480

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DateSubject
19/1/2019
08:20
UK Oil & Gas Daily Update: UK Oil & Gas is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker UKOG. The last closing price for UK Oil & Gas was 1.13p.
UK Oil & Gas has a 4 week average price of 1.08p and a 12 week average price of 1.08p.
The 1 year high share price is 3.63p while the 1 year low share price is currently 0.93p.
There are currently 5,566,524,206 shares in issue and the average daily traded volume is 69,128,879 shares. The market capitalisation of UK Oil & Gas is £65,406,659.42.
12/1/2019
23:00
johncasey: this is why ive piled into PRIM...so many multi bagger opportunities Quarterly Investor Update Wed, 24th Oct 2018 08:00 RNS Number : 0026F Primorus Investments PLC 24 October 2018 Primorus Investments plc ("Primorus" or the "Company") Quarterly Investor Update Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to provide the Quarter ending September 30 2018 ("Q3") periodic portfolio update regarding its current holdings and activities acquired and managed as per its investment mandate. Executive Director's Quarterly Comment - Alastair Clayton We find ourselves at the end of the Quarter debt free and a large amount of cash and tradeable shares relative to our overall quoted market value. Despite the traditional summer slowdown, we have made some good progress in the Quarter. In terms of portfolio management, we have managed to exit our last our remaining 5% stake in HHDL, in exchange for cash and UK Oil and Gas plc ("UKOG") shares. The current total value of the cash and shares received for the two sale transactions exceeds our total outlay for the investment over the last few years by circa £1m and we still retain upside from these levels to the recently declared commercial HHDL-1 well via shares in UKOG. This I believe is an excellent result for shareholders and furthermore, we no longer have any cash calls to fund as we no longer hold any assets at project level. As a result, we expect the overall cash costs on the Company to drop dramatically compared to previous years. As I hope we can demonstrate below, our investment portfolio continues to grow and mature and we are eagerly awaiting numerous events including impending IPOs and potential significant institutional financings of businesses in which we have been early-stage investors. The share price performance over the past two Quarters has been very poor, however, I believe we have all the elements in place to reverse this. A simple sum of the parts of cash and shares, added to the in-cost of the investments we have made, exceeds our current market capitalisation, let alone the potentially significant but as yet unrealised gains we believe we have made within the portfolio already. As we begin to exit investments we believe the scale of these potential gains will become evident and pleasingly we are starting to see the first candidates lining up for IPO and many of those that are a little further back in the process are demonstrating significant growth within their respective businesses, as we demonstrate below. Whilst exits are foremost in our minds, the underlying strength of progress of the businesses we invest in is the foundation upon which value is created. We are working to have this more accurately reflected in the share price. Below I list the highlights of the Quarter and at the time of compiling this document I am also pleased to report that Sport80 has advised it will, subject to any unforeseen delays, in the coming weeks, commence the IPO capital raise process. Subject to securing the requisite funds, we would expect them to gain admission to AIM a few weeks after confirmation of funding. We wish the Board of Sport80 every success in this endeavour. Highlights for the period were as follows: · Sold the remaining 5% stake in HHDL to UKOG for £375,000 in cash and 63,644,030 UKOG shares. Currently valued £1m unaudited gain for the entire investment and retain significant UKOG share exposure to the HHDL-1 Oil Discovery. · Engage Technology platform continues outstanding growth rates in terms of customer contract wins and appoints City broker to raise additional pre-IPO funds in 2018/19 with a view to a 2019 UK IPO. · Invested a further tranche of £250,000 in Engage Technology to take our total investment in the company to £1.4m comprising £400,000 at £15/share and £1.0m at £22/share. · Regulatory approvals are now in place for the SOA Energy farm-in with a large regional oil firm covering both SOA's on-shore and offshore assets. Both parties are now completing final technical and legal process. Upon successful completion, drilling activities will be fully funded and are expected to commence late 2018 or early in the new year. UK IPO planned for H1 2019. · StreamTV executes full Beijing Optical & Electrical ("BOE") agreement now providing a credible supply chain path to mass production of its glassless 3D TV technology. Press conference and global launch event expected towards mid-November in Beijing. We expect further updates from StreamTV to coincide with this event. · Fresho business thriving with strong product and platform growth in Australia and New Zealand and further international expansion being contemplated. No new capital raisings being contemplated at this point in time. Given commercial sensitivities we are now limited in terms of hard data we can publish. · WeShop makes significant Board appointments and progressing next funding round. Detailed update spelling out detail expected in early November. · Simon Stephens, CEO of TruSpine in which we have invested £500,000, reports that they are on the cusp of a securing a long-awaited commercial funding arrangement to take their product range forward. Updates expected upon successful conclusion. · Invested A$500,000 (circa £275,000) into a 12 month loan note to Zuuse Pty Ltd yielding a 12% coupon and free attaching options. · Company finishes the Quarter debt-free with significant cash and tradable AIM shares. Board foresees no short term need or intention to raise capital. As described above we exited the last of our direct, project-level investments namely our remaining 5% of HHDL for £375,000 in cash and 63,644,030 shares in UKOG. We note subsequent to this transaction completing, news from HHDL and its shareholders regarding early-stage performance of the Kimmeridge portion of the extended well test programme was highly encouraging with initial observed short-term flow rates exceeding expectations. This is on top of the excellent flow-rates from the Portland announced in the summer upon which a declaration of commerciality has already been made. We are pleased to now be in a position to leverage off the activities at the HHDL-1 oil discovery without being a direct contributor to the overall development budget. We view UKOG, as the largest shareholder of HHDL, as the best exposure to the project, so we have now sold our shares we held in the other previous and current members of the HHDL consortium. We believe Engage is a rare opportunity as pure, mass market SaaS is often a chimera. The homogenisation of thought (group think) amongst very large investors means sometimes opportunities like Engage can come our way. We don't apply cookie-cutter evaluation techniques and, to be frank we don't have hundreds of millions of pounds to invest across scores of companies. Engage Technology is now our largest investment in term of committed funds with £400,000 invested at £15 per share and a further £1,000,000 invested at £22 per share. Our enthusiasm for this company, the team and the business model is considerable. We believe this investment has the potential to yield a step-change investment return for our shareholders. Shareholders will recall that Engage has developed a cloud-based vendor management through to pay, bill, tax and compliance platform that focusses on managing the complexities and inefficiencies of the contingent workforce sector. Since we first invested some 18 months ago it has been especially pleasing to watch the targets be met and exceeded in terms of product delivery, contract wins. Aside from huge growth in corporate users, from 55 at the end of last Quarter to 75 at the end of this Quarter and a further 17 contracted but yet to go live, what is new and highly significant is the recent number of strategic partnerships developing for the cross selling of Engage products, particularly VMS (Vendor Management System), by several global recruitment providers. This is astonishing as, whilst we are restricted in revealing their names, these global companies have recognised the strengths of Engage as a tool to win their own client contracts at the expense of some of their own legacy product offering. To put it simply, Engage is now being actively sold by its competitors. Given the above we firmly believe that Engage has already gone through a fundamental inflection point. One of the only limiting factors on revenue growth now is the need to onboard customers for some product streams manually. Current product development is focussed on moving these processes to a "fully self-serve" status. As this occurs between now and the end of Q1 2019 we expect revenue to lift off exponentially through the end of 2018 and into 2019. On the corporate front Engage is now formally working with a well-known City Broker ahead of the pre-IPO process of bringing some larger institutional shareholders onto the register in advance of a planned IPO in 2019. Engage is due to share its Q3 Report in the coming weeks so we will come back with further news once we receive it however we are already aware through discussions with management, that in many other areas other than those mentioned above it has been a fruitful one. Fresho has had another strong quarter with the key take-aways being that platform growth in Australia and New Zealand continues to grow at excellent rates and annualised order volumes will soon exceed A$300m. What is also very exciting is the potential for expansion into other markets with several proposals being explored. Beyond that I am unfortunately limited in what I am now allowed to say. This is fully understandable as disruptive technologies often need to fly under the radar at times to protect their IP. StreamTV's Ultra-D product now has a credible path to mass market with the final execution of the development agreement with Beijing Optical and Electrical "BOE". BOE is the world's largest flat panel manufacturer and provides the supply chain to mass manufacture panels containing StreamTV's unique glassless 3D technology (Ultra-D) in its final chip and bonded screen form for televisions, tablets, Smartphones and outdoor advertising. To this end we met with management recently and they are in the final stages of completing a circa US$70m capital raising to support some final product refinements prior to full commercial production in 2019. Having had the opportunity to view the latest 8K Ultra-D enabled 65-inch pre-production model I can attest that despite my scepticism regarding 3D as a concept, the Ultra-D product is quite remarkable. We expect global interest in the product and management inform us that numerous household technology groups are already in discussions regarding branding and or investment opportunities. We expect this will only increase following the global launch event in Beijing in mid-November. We will return with news from this event next month and hopefully a PR link for investors to investigate. In chatting recently with Simon Stephens of TruSpine, where we have £500,000 invested, he made it clear that the company continues to progress multiple funding opportunities, and while an inevitable slowdown during the summer months has delayed completion of some very significant potential inbound investments, he firmly believes TruSpine is on the brink of securing additional substantial funding in the near future. Simon also attended the North American Spine Society annual meeting (keep the date in your diary for next year!) and he was pleased to report that the TruSpine Faci-LOK proposition remains in a class of its own and represents significant disruption in the marketplace. Clearly the securing of an adequate funding package has taken longer than we had hoped for initially. Boards stacked with medical experts are not always the best commercial closers, however with Simon at the helm now, we are comfortable that the Board has the requisite skills to close funding in the near term and drive the product commercialisation forward. As soon as we have tangible news on TruSpine funding we will report back to shareholders. With regard to our other energy investments we are particularly excited about the potential for a breakthrough at SOA Energy. We have been waiting for them to secure a funding/farm-out partner for their onshore and offshore Israeli oil and gas assets. We can now report that the proposed deal with a large regional energy company has now received the required regulatory approvals and has now moved to final legal documentation. We are of the understanding that the proposed deal covers both the onshore and offshore assets and should conclude before Christmas. With successful completion SOA, management inform us they will move quickly to IPO on the AIM market in 2019. NOMAD Energy appears a little gridlocked. We have been informed that commercial negotiations for the gas off-take agreement with the Ivorian Government are still stalled with a fundamental disagreement on price. The majority partner (70%) in the gas project, VITOL, carries significant influence in the industry and region and we understand they are now leading negotiations with a view to breaking this impasse. As we make mention in our opening remarks, Sport80 is, subject to no unforeseen delays, ready to hit the road to for its IPO funding round. With success we would expect their shares to be admitted to AIM a few weeks after the funds are received. Whilst we only have £100,000 invested in Sport80, we are particularly keen to have this first of our investments made under the Primorus name, to go through from private financing round, pre-IPO to IPO. The Sport80 business has grown at an impressive rate since we first invested and now services 24 UK Sporting Associations representing over 700,000 members records adopted to the platform. We see an exciting future for the business as a listed entity going forward and we certainly won't be in any hurry to sell our shares given our overall strong liquidity position. As evidenced above, our portfolio is moving forward well, and despite being sometimes limited in what we can say, we are firmly of the belief the potential value of our investments is not being reflected in the current share price. Whilst we are frustrated at the poor share price performance over the last few Quarters and will work harder to get the message out, we are however realistic that we need to demonstrate tangible results before we can expect our portfolio to trade at a premium to our initial investment in-costs. Pleasingly these results are beginning to drop with a significant unaudited gain on our HHDL investment in the past Quarter and Sport80 looming this coming Quarter. Furthermore, as described above, we have a large number of significant events backing up for Q1 2019. The Board believe we have all the elements in place now to achieve share price appreciation in the near-term. Our goal of growing the balance sheet substantially, we believe, can be achieved largely via the investments we already have in the portfolio, We have a strong liquidity position with adequate cash and shares to preclude us from the need to issue any shares to raise funds in the foreseeable future. We have no more project-level investments and therefore no more cash calls to finance out of existing cash reserves. All this means we can allow the time required to demonstrate the value within the existing portfolio in terms of trade sales and IPO without having to necessarily suffer dilution at unpalatable share prices. The Board is totally aligned to share price-based outcomes via large share purchases over the past year and looks forward to demonstrating more tangible results in the coming Quarter and into 2019.
09/1/2019
16:34
henchard: Quite an interesting article: "Will the bulls or the bears be right about the UKOG share price in 2019?" hTTps://www.fool.co.uk/investing/2019/01/09/will-the-bulls-or-the-bears-be-right-about-the-ukog-share-price-in-2019/
07/1/2019
13:39
datait2: hazelst if oil rise, may be ukog share price might rise a baw hair, but your evil plan to top up when its falling will be ruined. what do you say about that !!!
22/12/2018
15:12
atino: For the purpose of fairness 👨‍⚖;️👍😤 [Quote, 4 hrs ago] “Why I think the UKOG share price will make a comeback in 2019” 🙇 Over the past year, the UK Oil & Gas(LSE: UKOG) share price has taken a hammering. As the company has struggled to win over investors, the stock has slumped 63% since the end of December 2017. Virtually all of these declines came at the beginning of 2018 when the enterprise published a disappointing update on progress at its Broadford Bridge-1 prospect. The stock slumped on the news that further work would be required after several months of drilling activity, which had yielded almost negligible results. However, after this set-back the company re-grouped, and management has spent the rest of 2018 working on re-focusing drilling efforts. A huge breakthrough occurred in October when it declared its Horse Hill Portland oil field commercially viable following an extended well test. One step forward… As I wrote when last I last covered UKOG, this discovery “transforms” Horse Hill and the firm’s outlook. Further testing work saw the production of 13,920 barrels from the well, “with gross oil sales revenues of approximately $1.1m.“ While this is a huge step forward for UKOG, as my Foolish colleague Alan Oscroft recently pointed out, the company is not expected to generate any revenue from production “this year, or next.“ With this being the case, the biggest problem the group now faces is funding. Finding enough money to keep the lights on is one of the most significant headwinds all small-cap companies face — especially in the resource space. UKOG is no different. Finding funds to proceed with the development of its assets has consumed a considerable amount of management’s time and effort. Funding efforts So far, shareholders have been happy to fund the business. UKOG has been issuing shares to investors, who’ve been more than happy to pay up. This process has kept the firm alive, but shareholdings have been diluted. As I’ve covered previously, over the past five years, UKOG’s number of shares outstanding has increased from 83m to somewhere in the region of 4bn. While there’s a chance that this damaging theme could continue, I think that now the company has proven to the market that it has a viable oil prospect, management will have other funding options available to them. Funds produced from early oil production will also likely be reinvested back into the business, taking the burden off investors. Big catalyst I think this could be the most significant catalyst for UKOG’s share price over the next 12 months. If the business can prove that it’s a self-sustaining entity, then the investment thesis will change entirely. The company will no longer be labelled as a small-cap startup, but a fully-fledged oil producer, which should result in a re-rating of the shares. Having said that, there’s no denying that there are still plenty of other risks to the UKOG investment thesis — oil & gas exploration is one of the most uncertain businesses around. But if the group can show investors that it’s moving forward on a sound financial footing, much of the risk surrounding the stock should evaporate. Put simply, 2019 could be the year that the UKOG share price makes a comeback. https://www.aol.co.uk/news/2018/12/22/why-i-think-the-ukog-share-price-will-make-a-comeback-in-2019/?guccounter=1
14/12/2018
18:38
atino: Evening all 😊...if your lost 😜...you can be found...below 😜 [Quote 14/12/18] “Why I think the UKOG share price could be worth just 0.55p | by G A Chester 🙇 UK Oil & Gas (LSE: UKOG) has built interests in several UK onshore assets since it was established towards the end of 2013. However, only one asset, in which it owns a very small stake, currently has proved oil reserves. The remainder have contingent resources (harder to value) or prospective resources (less certain still). With so little proved reserves 🤦‍♂;️ (just 39,000 barrels net to UKOG), I think a useful starting point for considering the valuation of the company is the price it has paid for its various assets. Or, put another way, the price at which knowledgeable trade parties have been happy to sell. The table below summarises UKOG’s current interests and the valuations I’ve assigned to them. Following the table, I discuss the trade deals from which the valuations are derived, before going on to consider whether the company’s shares offer good value at their current level. (1), (2) UKOG announced its acquisition of interests in the Horndean, Avington and Markwell’s Wood licences on 24 July 2014. It paid £1.3m. I assign this value to its 10% interest in Horndean and 5% interest in Avington. These are currently UKOG’s only production assets, albeit Avington is temporarily shut in, with it believed an oil price of over £90 a barrel is needed to give confidence economic production could be restarted. I assign no value to exploration site Markwell’s Wood. Interests in the Markwell’s Wood licence have only ever changed hands for a nominal sum (e.g. £1). Furthermore, UKOG said this week that the future of Markwell’s Wood is “under internal review,” although an oil news website reported last month that the company has already informed local residents it’s abandoning 😱 the site 😳 ! (3) It has done a number of deals that have increased its interest in the Horse Hill licences to 46.735%. The latest of these was announced on 30 August this year and values its interest at £21.6m. (4) The company announced its acquisition of a 100% interest in the Broadford Bridge licence for £3.5m on 13 June 2016. A minority interest in an offshore licence was included in the deal but I attribute the full value to Broadford Bridge. Interests in the offshore licence only ever changed hands for a nominal sum and UKOG subsequently allowed it to lapse. (5) UKOG built its 40% interest in the Holmwood licence via three deals. The latest of these was announced on 25 September 2017 and values its interest at £3m. (6) It has done a number of deals that have increased its interest in the Isle of Wight licence to 95%. The latest of these was announced on Wednesday this week and values UKOG’s interest at £1.1m. Valuation 🧠 UKOG has been a willing buyer, and numerous trade parties have been willing sellers, of assets totalling £30.5m, which equates to 0.55p a share 🙇. How does this compare with its current market valuation? Well, the market cap is £74m at yesterday’s closing share price of 1.325p. It does have prospects of adding to its proved oil reserves, with an extended well test in progress at Horse Hill. However, it remains a highly speculative proposition. I might consider it at nearer 0.55p but at 1.325p, I’m happy to avoid ☠️€520; https://www.fool.co.uk/investing/2018/12/14/why-i-think-the-ukog-share-price-could-be-worth-just-0-55p/
14/12/2018
10:23
henchard: Why I think the UKOG share price could be worth just 0.55p hTTps://www.fool.co.uk/investing/2018/12/14/why-i-think-the-ukog-share-price-could-be-worth-just-0-55p/
12/12/2018
16:28
amr2017: Another tanker just out of HH, https://mobile.twitter.com/Adrianwfire/status/1072888751913881600 The problem here is Ukog are generating income and producing oil every day, they have 11 times the acerage in the Weald than angs and yet Ukog share price is being driven down while angs who are not producing any oil of note yet is rising. I am happy angs is rising but when you compare market caps Ukog should be much higher than its current price. How long can this market ignore the commerciality of the Weald and it not be illegal? That’s not scotch mist coming out of HH, it’s oil from a commercial nationally significant oil field!
20/11/2018
20:29
kemche: amr, "upside is beyond incredible imho!" Astronomical I would say. Henchard, "It seems to be a bit of a myth that shorters are having a significant influence on the share price here at UKOG." Total lies as amr KNOWS that shorters, floompers and criminals have been working on the UKOG share price for months now, if not for years, and that is why he is in consultation with the lawyers. If that is not enough proof then wtd has been notified by the FCA countless times that they are on the verge of arresting a number of floompers - chief amongst them being one Kirk - Grrr! I have no reason to doubt the veracity of the claim by the two gents mentioned as they seem to know what they are talking about.
05/11/2018
18:04
atino: Is it finally time to return to the UKOG share price? Kevin Godbold | Monday, 5th November, 2018 Something momentous happened last month. UK Oil & Gas (LSE: UKOG) declared its Horse Hill Portland oil field – the so-called Gatwick Gusher — commercially viable following an extended well test. The firm even transported several tankers of crude oil to Fawley refinery during the test – this is real oil we are talking about, in Surrey, under the Weald Basin. Amazing. Preparing for field development Are the Home Counties set to become a new Texas? Will we see the gentle English landscape covered with a forest of nodding donkey oil pumps, just as the highlands of Scotland have sprouted acres of wind generators? I hope not, and with a bit of luck, that vision is just me getting carried away with my imagination. In any case, I think technology has moved on since the days of the nodding donkey so that oil wells can be less visually obtrusive. However, the company did say Horse Hill Developments, which is the operating company, plans to begin long-term Portland oil production during 2019, as long as it gets the necessary regulatory consents. The directors’ current vision is to develop three production wells and two pressure support wells. UKOG owns around 47% of the project. UKOG’s chief executive, Stephen Sanderson, said in last month’s update that the declaration of Portland commercial viability “is a significant milestone for the company.” He pointed out that it “transforms” Horse Hill from an exploration endeavour into a “fully-fledged field development.” Indeed, UKOG could become a producing oil firm with significant cash inflows ramping up during 2019 if all goes well. The results of the extended well test were better than the directors expected and they now think the first planned horizontal producer well, HH-2, could deliver sustained oil rates of 720 to 1,080 barrels of oil per day (bopd). The company plans to spud (start drilling) the well in early 2019. Potential long-term production Looking forward, Stephen Sanderson anticipates“the possibility of combined long-term production” from both the Portland and nearby Kimmeridge prospects, which he said would be a “potentially transformational prospect for Horse Hill and the company.” However, the firm noted in the announcement that there is no absolute guarantee that forecast, targeted or calculated rates of production will be achieved. Perhaps that’s why the stock market’s reaction to the news has been so muted. Indeed, the share price has barely budged since the announcement last month, which is a far cry from the big jumps and plunges it has been making over the last few years. But I think there are good reasons for that. Firstly, there’s still a long way to go operationally before oil starts flowing and cash starts rolling in. Secondly, the firm has been back to the market repeatedly for funds with the consequence that long-standing shareholders have been diluted. When I first wrote about the company four years ago, the market capitalisation stood at around £17m. Today it’s at almost £106m, so the stakes are a lot higher. Finally, with UKOG as a producer, will it be valued more like a producer by the market than like an explorer? I think we’ve seen something like that happen with Soco International,for example, where a lower valuation has depressed the share price to a shadow of its former self. In summary, I think UKOG today is interesting, but still highly speculative. https://www.fool.co.uk/investing/2018/11/05/is-it-finally-time-to-return-to-the-ukog-share-price/
18/10/2018
17:29
atino: Evening:-) [Quote] "Is the UKOG share price on the brink of a new surge?" | Alan Oscroft | Thursday, 18th October, 2018 🙇‍♂;️ After the "early enthusiasm" 🤦‍♂;️ 😜 and the share price climb subsided 😤, the question has been whether UK Oil & Gas (LSE: UKOG) would ever get oil from the so-called Gatwick Gusher… well, gushing? The UKOG subsidiary and operator at the Weald Basin project, Horse Hill Developments (HHDL), had earlier released short-term flow test results, which had disappointed investors and added to the share price volatility. The shares have swung between less than 1p and more than 2.5p over the past six months, and that’s not my idea of a nerve-calming investment. Early tests were followed by an extended well test (EWT) programme, which concluded this month. And the latest update on Thursday, speaking of the Portland and Kimmeridge targets, tells us that HHDL “now considers the Portland oil field to be commercially viable.” The company aims to begin long-term production during 2019. The project could see the development of up to three production wells, and up to two pressure support wells, but what production volumes should we expect? Flow rates Being understandably cautious, HHDL says its HH-2 horizontal well “has a targeted sustainable daily Portland production rate of 720 to 1,080 bopd“, which is two-to-three times the “calculated sustainable vertical well rate of 362 bopd derived from the EWT programme.” The company (wisely, I think, considering the ebullience that followed the initial news of its discoveries), adds a caution: “There can be no absolute guarantee that forecast, targeted or calculated rates of production will be achieved.” The share price responded with a 3.7% rise by mid-morning, but that needs to be tempered by its penny share nature and the high spread. At the time of writing, we’re looking at a spread of 2.5% between buying and selling prices, which is what you effectively lose the moment you buy the shares. Still positive? When I last looked at UKOG, shortly after the earlier flow test results were in (but before the EWT programme), my conclusion was that “the signs are indeed turning positive for UKOG.” So what’s my take now? This positive move on the commercial viability of the project comes after several updates in the EWT programme progress over the past couple of months, and anything the reduces the uncertainty has to be a good thing. And after a year or so of frustration, I can see how sentiment towards UKOG really could start shifting. And if we do see commercial pumping in 2019, the share price could spike back up again. But for me, UKOG is still very highly speculative and a lot could still go wrong, so I’m really not keen on shares with this level of risk. https://www.fool.co.uk/investing/2018/10/18/is-the-ukog-share-price-on-the-brink-of-a-new-surge/
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