Rocketing this morning on a superb upgrade !...

why are you under the misapprehension that oil forms a huge lake?
generally, there are puddles (ponds if you insist) that need to be "joined up" - always assuming the whole makes a commercial project anyway - which is why fracking

1300 barrels is almost a joke
you then need to determine how much can actually be extracted ....generally about 40% of the whole from memory

1300 on land in the UK is no joke...that's per day times 365 days a year !...one well...they are trying to determine the extent of the field...not easy I imagine with drilling restrictions on prime land...it is possible to analyse oil from one well and determine if it is the same as from another at some distance...that's what is happening right now !....I'm just saying that all this looks promising and there is room for an upsurge in the sp if the flowtests turn out positive....we shall see...

Harrycat...RKH suffered in the crude downturn....one to watch I'm sure....crude is gently rising .....

Exercise of Options
UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announces that it has received notice from the estate of Jason Berry, a former Director of UKOG, of the exercise of options to subscribe for a total of 8,000,000 new ordinary shares in the Company (the "New Ordinary Shares"). The Company has received £92,000 in respect of this exercise.

Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 15 November 2017.

If the testing comes right ...with crude on the up...might be a spectacular bounce coming..sp wise....

or it may be so much hot air and other crap that has consistently emanated from this company

It won't work Cynic....3p is a long way off....

Starting to perk up again.....

Another lurch downwards!

StockMarketWire.com
UK Oil & Gas Investments has entered into a £10m loan agreement with Cuart Investments, a consortium arranged by Riverfort Global Capital.

A first tranche of £7.5m has been drawn down by the company, with a second tranche of £2.5m due to be drawn down on 31 December.

The first and second tranches are repayable on 13 November 2019 and 31 December 2019, respectively.

The loan attracts 0% interest and may, at the sole discretion of the investors, be converted into new ordinary shares in the company.

The conversion price is the lower of either a share price of 8p, or 90% of the lowest daily volume weighted average price during the five days prior to the conversion date.

The problem is drilling costs money !...crucial this second well.....market in general not good at the moment doesn't help.....

without delving deeply into this rather strange funding, it looks to me that someone is setting things up for debt/equity swap further down the line
note the terms - eg no interest charge and terms fro exchanging

They need to release some info on how this testing is performing.....at a guess anything around 1000 barrels a day would be excellent....a gamble this share and the rewards could be staggering for this company....a lot of ifs and buts though.....and sp disappointing at the mo even with crude rising....perhaps a sharp turnaround is coming...perhaps...fingers crossed...

Gone to sleep here but we might be close to flowing results.....sp would double if successful !....

like PRV?

Soon we shall have the results......hopefully good ones...

Could we have some positivity for a change Cynic ?....

I'd be disappointed if the sp crashes I have to say......

The lack of news has been sending me to sleep...zzzzzzzz.......

3p Cynic...time to buy or to avoid ?.....

has yet to hit 3p, but i can't imagine i'll buy even then