Rocketing this morning on a superb upgrade !...

Hmmm...can't make my mind up if the sp is too cheap or......too euhhh...........expensive....

>>> expensive?
Market decides the price, but at the moment is the Loan Conversion by YA, since the 1s Conversion a 25% drop on share price.
" After today's conversion, the Par Value outstanding on the first GBP7.5 million tranche of the Loan is GBP6 million. The second and final GBP2.5 million tranche will be paid to the Company on 31 December 2017."

so plenty more to fall yet, till the last of the loan is converted.

"YA" normaly sells ahead of the conversion.

All this depends on how much oil is really down there...still a mystery......

if there's all this oil, how come it's taking so long for it to be sung from the rooftops?
don't tell me it's all a load of bollocks - yet again?

Well, the first well flowed 1300 barrels....and apparently there is light oil in the current one....so.....the sp will end up on crutches if the flow rates disappoint.....

old stock market adage - bad news travels slowly

oh dear theyve shut down the forties oil pipeline due to a major crack...could be out of action for months...hello step in UKOG!

https://www.theguardian.com/business/2017/dec/11/north-sea-forties-pipeline-closure-oil-scotland

hahaha! .... they are several years away from production, and that presupposes they haven't been supporting melton mowbray

market does not support you either!

another loan conversion today with 16,75M shares the same number as on the 11th, price has been steady last week


Loan Conversion
UK Oil & Gas Investments PLC (London AIM: UKOG), announces that, in relation to the £10 million financing announced on 15 November 2017 ("Loan"), it has received a notice of exercise from Cuart Investments PCC Ltd and YA II PN Ltd ("Investors") to convert part of the Loan, with an aggregate par value of £500,000, into equity

The Company has therefore issued today 16,753,225 new ordinary shares to the Investors

An update at last.....sp hasn't reacted.....where is everybody ?.....

Nice to see that Hoyer Petrolog UK has signed a contract with UKOG to transport crude from Broadford Bridge to the Hamble terminal, plus occasional deliveries to Welton, Lincs.

Whoops.

Well that was certainly a welcome little opportunity to make a quick profit.

StockMarketWire.com
UK Oil & Gas Investments said operations would shut down until the New Year at its Broadford Bridge-1z exploration discovery and updated on recent events.

It said the Basal KL3 test has been re-run following mechanical problems. Initial natural flow of approximately 300 barrels of returned completion fluids per day (bfpd) decreased to a continuous rate of 30 to 50 bfpd during well clean-up. Gas blow and live oil traces recovered to the surface.

The company said low reservoir productivity indicates the zone may not be economically viable.

oh dear and quelle surprise!

what is it with you muppets that you continue to trust the crooked management and major shareholders - eg leningas?

Have to be patient on this one Cynic.....more wells to follow....that was disappointing but there is oil there...on to the next drill......there are rarely quick buck fixes nowadays...patience is the key....they seem to be honest with their updates....well they say that if I wasn't a small private investor : I'd be a dog....always faithful ......(please don't misinterpret that one).....

They've hit the edge of the puddle : that's the bottom line....oil is there .....the thing is to determine if the latest oil found has similar properties with the oil from the first well some distance away : if it is exactly the same oil after been sent to labs in the UK and USA : then there is a large amount to be discovered with luckier drills....

I'm not liking the chart.

if you've been mug enough to buy into this bunch of snake-oil salesmen, then i'm afraid you have only yourself to blame .... there's been plenty of warnings