Rocketing this morning on a superb upgrade !...

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...

RF , are you still in profit

I doubt it Aldwickk......

No I'm not.....but further rises will come...disappointing as I thought this would be above 4p...by now...

Drifting......................

Horse Hill – the best stock promotion in years!!!
By Ben Turney | Thursday 9 April 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Eventually a lot of people are going to lose a lot of money on UK Oil & Gas (UKOG). This morning’s announcement from the company, laughably titled “Significant upgrade of the Horse Hill discovery”, has been wrapped in one of the most skillfully crafted and epic stock promotions of recent years. I correctly predicted this “Horse Hill super-ramp” was coming, last month. Today it is just sad to watch gullible and lazy “credible” journalists from the BBC, ITN and Sky News fall over themselves to interview David Lenigas. God knows what hysteria tomorrow’s papers will carry.

In that case who are Nutech ?.....I don't think you can invent upgrades like this....

And who is Ben Turney ?....

8.5% spread 2.15 bid -- 2.35 buy , weekend press will be interesting