Rocketing this morning on a superb upgrade !...

I've taken a punt...perhaps a bit more....oil retrieval techniques are improving ....anyway...much prefer Gatwick to Heathrow.....(don't fancy drilling on the runway though)....

(Might even get Farage here)....UKIP...UKOG...much the same...

On a serious note....an on-shore oil discovery of this potential in southern England is great news for the economy....

Yes your right except it's very near Brighton so expect that silly green cow who has basically ruined Brighton to be running around shouting blue murder ..

if you want to scare yourself or to see why this is and will be such a dangerous share to trade, have a look at the 10-minute chart

EL has posted the below on the wrong thread so have transferred for him .....


ExecLine 09 Apr 2015 12:46 - 58442 of 58446
UK oil producers are celebrating what they are calling the biggest onshore oil discovery in the last 30 years in the land near Gatwick Airport.

An exploration firm (UKOG) has confirmed the land under Horse Hill near Gatwick could contain 158 million barrels of oil per square mile – up to 100 billion barrels in total. The firm is hoping it could meet between 10 per cent and 30 per cent of UK demand for oil by 2030.



cynic replies
58442 - except that (a) they don't yet have a licence to drill, (b) do they even have the money to drill in the event that they ever a licence (months and months away, if not 1/2/3 years in any case), (c) the notional reserve is nowhere near proven, (d) even the company admits that only between 3 and 15% of any reserves are likely to prove recoverable

tread carefully and good luck to any who have put money on the table

Going to be choppy one !

I reckon that there is much more to come yet....this is just the start....

More than a Billion traded !!

Looks like it's the biggest oil discovery............in......the Weald....

Undecided. Not sure whether to buy this one.

Thinking about shorting it tomorrow

Thanks for posting the papers skinny.

Straight out of the blocks.....hell of a trading going on...

.

I like the importance of events in the UK on the front pages....oil discovery and Amanda Holding/Cheryl........really.....how blinkin interesting....well it takes all sorts......gaaaaadddd.... ...the 2 stories are really on a par....Cheryl wants Amanda's head on aplate.....bon appetit....

Hope you are locking in profit rf, rather than gazing under Amanda's left arm???

Classic spurt....drop....now rebuying......classic......