Rocketing this morning on a superb upgrade !...

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

Robinhood never had nor ever will have shares in exploration companies.
As said before (see 484-27/2/18) name of game is downstream and not upstream.
No need to remind anyone that since 27/2 sp has gone from 175p/s to 118 p/s

UK Oil & Gas Investments (UKOG) was up 6.2% at 1.2p on news that Surrey County Council discharged planning pre-conditions for further flow testing and drilling at its Horse Hill oil discovery.
(Still not my cup of tea but thought holders may like posting)

StockMarketWire.com
UK Oil & Gas Investments released a resources estimate for its nine UK onshore licence holdings.

The report, prepared by Xodus Group, focused on the company's discovered conventional oil accumulations.

It estimated they contained 21m barrels of oil, though this included 'contingent' and 'prospective' estimates.

in other words, a load of bollocks and wishful thinking that may produce enough oil to fill your car's requirement at the next service

I tend to agree with you, but it's tempting to buy £1000 worth just as a straight punt. At some point it's likely the 'pump & dumpers' will jump back in and even if it only reaches 4p, that's quite a nice return.

.

don't be a complete mug!
if you want far better risk with potential handsome reward, then the likes of CPX or IQE or VRS or even AMER have greater realistic potential

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add SXX

Statement re Media Speculation
UKOG notes recent media speculation regarding a fundraise and announces that it is considering raising funds. The Company is progressing discussions and should any arrangement be finalised a further announcement will be made. Terms including amount and pricing are to be agreed and there can be no certainty a transaction will be finalised.

cynic

You forgot EUA it will explode very soon, when the licence lands it will have the go ahead to produce 140k oz Pa of platinum (2 million ounce reserve ) fully funded by Sinosteel (China's state owned EPC, please do some research and get on board. while their cheap..

EUA
personally, i wouldn't go near it for all sorts of reasons, but you fill your boots