Rocketing this morning on a superb upgrade !...

I'm hoping for 6p....in the longterm if the discovery info is correct : 20p plus in a few years....

Nicked from across the road..


The Times

Gatwick oilmen star in muppet show

Alistair Osborne: Business Commentary

Who needs a second runway?

Not when you’ve got the Gatwick gusher, brought to you by that famous oil man David Lenigas and his sidekick, Donald Strang. They’re never far from a nodding donkey — if that’s not too polite a term for the muppets done over by their AIM-listed penny stocks.
Mr Lenigas counts executive chairman of UK Oil & Gas Investments as one of his 16 current UK company directorships, a business where Mr Strang is finance director.

And guess what?

They’ve had a root around Horse Hill, just down the road from Gatwick and lucked out big time. With the help of US outfit, Nutech, and the multiplication key on a calculator, they’ve found up to 100 billion barrels of oil, 3,000ft or so under, in the Upper Jurassic Kimmeridge.

Not a bad effort, either, when you think only 43 billion barrels have so far been extracted from the North Sea.

True, the British Geological Survey last May said there might be 4.4 billion barrels of shale oil in the same Weald Basin, while stressing it was “not known” how much was commercially recoverable.

But who cares about that, when Mr Lenigas can go on the BBC and declare the find a “strategic asset” for Britain, so sending UKOG shares up 176 per cent to 2.98p? Surely he meant a strategic asset for himself?

UKOG owns 30 per of Horse Hill Developments Ltd (HHDL), holder of a 65 per cent stake in the well analysed by Nutech. Who’s HHDL’s chairman? Oh, Mr Lenigas. He’s also executive chairman of Evocutis, where Mr Strang is executive director. Its shares jumped 24 per cent yesterday to 0.26p on the back of its 2 per cent stake in HHDL.

Then there’s Stellar Resources, 47 per cent higher at 0.625p, thanks to its 10 per cent HHDL stake. Its executive chairman? Mr Strang, who replaced Mr Lenigas last year. What, too, of Doriemus, up 55 per cent to 0.13p due to its 10 per cent HHDL holding?

Mr Strang is its executive chairman too. Solo Oil? Up 28 per cent to 0.72p, with 10 per cent of HDDL? Mr Strang, finance director. Mr Lenigas, ex-chairman.

You get the picture.

Of course the real question is how much of these companies the duo own, which, funnily enough, their advisers clean ran out of time to tot up yesterday. Except for UKOG, where Mr Lenigas’s 4.3 per cent stake is now worth £2.2 million, apparently.

He must think we’re all idiots.

alistair.osborne@thetimes.co.uk

RF - copy the following verbatim, edit the header post and paste it in.

<img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=UKOG&Size=900&Skin=BlackBlue&Type=3&Scale=0&Cycle=DAY1&Span=YEAR1&OVER=MA(13);MA(50);MA(200)&IND=MACD(26,12,9);RSI(14);VOLMA(60)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=" />

?

Needs to be step by step skinny! You can do it rf!!!

How to Copy and Paste

To edit your post click on this box :-



at the end of your header post line :

required field - 09 Apr 2015 09:25

If not, do you mind if I ask Ian to do it?

Cut and paste the chart for the header rf ,even i can do that and my tech skills come under the classification imbecile !!!

Yes please....Ian can put it in thanks....I know it sounds simple...but I'll spend half a day trying this and still won't get it....sorry....

Next time I'll ask somebody else to start a thread....

There will be more upside when appraisal dates are given.......

Or..........................you could boost your IT skills by practising with the chart page and the instructions to paste to a thread!

When I have some time I'll do some research...but I'm no good on rushing things....

(Don't be in a queue behind me at a supermarket.....)...only joking.....(;))

Those that jumped in early will be at a loss......very volatile you have to say....

I cannot believe that anybody would sell now.....why ?.....most people have only just been able to get in around this price...

'Cos people are trading it. When the volatility settles they will move on.
Might be worth buying £1k worth and putting them in the bottom drawer. If I was to buy in a dealing account I would trade them. Far too many unknowns to invest heavily.......yet, imo.

I nearly sold on opening...but would have bought back by now....wished I'd done it now...

The spreads quite wide as well rf .

It's risky Jimmy.....imagine what the sp is going to be like when appraisal and flow testing will be running.....I bet the sp will be three times today's value...

Its risky but could be a Wytch farm type of stock.