Rocketing this morning on a superb upgrade !...

ahh...yes of course Harrycat...Brent is more expensive....right on.....

am not talking prompt mkt lvl- am talking what the industry thinks of forward lvls-as one should do with everything..

I read somewhere...that the market anticipates a $5 rise per year for the next few years....not sure where I read this ...might be the investors Chronicle....this a few months ago now....and the rise looks like a lot more than this the way things are going....who knows ?,... the trend might reverse....

Futures mkts (which are what the industry expects -rightly or wrongly) begs to disagree big time with that assessment

StockMarketWire.com
UK Oil & Gas Investments said it had allowed an exploration licence off the Isle of Wight to lapse

'In the company's view the offshore Licence's low geological prospectivity, high environmental sensitivity and consequential high associated drilling costs merited no further commitment of financial or technical resources,' the company said.

No remaining obligations for the licence, called P1916, remained, it added.

Update: Broadford Bridge-1 & 1z Oil Discovery, Weald Basin, UK
UK Oil & Gas Investments PLC (London AIM: UKOG) announces that, further to the announcement on 27 December 2017, the completion of flow testing at its 100% owned Broadford Bridge-1z exploration discovery, located in licence PEDL234, is now expected during February 2018.

cynic's favourite share not doing very well today

it's my fave for laughs and watching the latest muppet show

wowee - what a crackerjack this is!!

sp scarcely moved from end december, and you could have halved your investment from that time in the last 2 days

fill your boots (with cement) chaps

:-)

Good recovery.....but getting oil to flow properly still seems to be elusive....

good recovery??????
0.23p ...... what could you buy with that?

Most of the oil that UKOG produces at the moment.

quite so :-)

gosh - surely not now down to well less than 2p?
can that that really be so for such a sure-fire crackerjack stock?

Crude oil?
forget it :
1. US shale will control lvls whatever (R)Opec come up with as those countries have now worrying budget deficits and will need to produce/export bbls ( albeit politically maybe slightly less than capable for time being) -btw US shale production (upto 11mbpd) will /or can exceed both Russia or Saudi production until at least 2025/2030 if wanted NOT if needed
2. Worldwide refinery yields are not profitable (hence multitude of refinery closures) vs cost of cif crude due over capacity of previous misguided refinery expansion economics in Far East and Middle East.

downstream is the name of the game and not upstream!!

Regulatory Consent Update, Broadford Bridge-1/1z Oil Discovery, PEDL234 Weald Basin, UK

UK Oil & Gas Investments PLC (London AIM:UKOG) has been informed by its 100%-owned subsidiary Kimmeridge Oil & Gas Limited ("KOGL") that Oil and Gas Authority consent for flow testing its Broadford Bridge-1/1z ("BB-1/1z") oil discovery has been extended to the end of March 2018. BB-1/1z lies at the south eastern corner of KOGL's 100% owned and operated 300 km² PEDL234 licence.

i think robinhood's been robbed
he clearly as a fair stack of this rubbish stock - and several others here too i think - but sp is now very close to 1p

Worth a small punt sub 1p?

as a short maybe