Rocketing this morning on a superb upgrade !...

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.

That's now owned by BP if I'm correct ......seem to be oil puddles all over south east England.....not many big ones like Wytch,,,so this is quite a discovery if the huge amount of oil is confirmed.....

Yep they had 500 mbo of recoverable oil BP sold to Parenco .

Ah....changed hands....we probably need another rns to trigger a further rise but 3p seems a base now...

as posted yesterday .....

ExecLine
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
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

Appraisal needed....but when that comes...the sp will be way higher before results....

I bet a fund raising exercise is in the pipeline.....won't do the sp any harm...

This is more volatile than inflammable cowpat.......

You're getting too excited rf! Deep breaths and less coffee! ;o)

I could do with another cuppa....

Are you trading this or holding?

Just holding but like I said before ....wished I sold on opening and bought back a bit later....but am staying put....might add a small amount...