UK Oil & Gas Investments Forum

People keep talking of it hitting 4-5p but it's barely budged from 3-3.2p in the last few hours. What planet are you lot on? What reason would it have to make such a sudden jump? U.S. market opening has done nothing to the price.

And what happens if they dont sell?

Get some of your profit in motive telivision the next best thing make another killing

and back down! I should just get on with my work

Did someone just make a massive trade? This was at 3p a moment ago then suddenly up to 3.5p.

bounce off 3p again

So here's some maybe pointless postage stamp maths: So UKOG are predicting they could supply 30% of the UK's oil. That equates to 400,000 barrels/day, so let's assume that's their max potential daily output. At 50$ / barrel, this comes to $7.3 bn / year revenue. UKOP have a 30% stake, so their revenue would be $2.19bn / year. So now for the sake of argument let's do a like-for-like comparison with BP. Their revenue is $353 bn, putting UKOP at 0.62% the size of BP. Now UKOP's issued shares are 6.7% the size of BP's (18.26 BP vs 1.691bn UKOP). So if we took BPs current share price (457p) and pumped in those figures, that'd give a potential like-for-like (comparing revenue and shares in circulation) share price for UKOP of 30p. Smallprint: these prices and comparisons are probably utterly worthless to reality. (457 * (18.26/1.691) * (2.19/353) = 30.6p ). If this figure were remotely accurate, I guess the current price may accurately reflect the risk to potential growth, bearing in mind those above figures are based on the potential maximum output from these wells. Either way though, it stills seems like a great long term investment.

and below 3p. Change my opinion, going to settle at 2.5p to 2p

Look at the price drop on that Sky nonsense. Eeeep. Still, 180% approx. up.

I think this will settle at 3p by the end of the day because that's how these silly markets work. Should be much higher though given the prospects.