looks like the placement shares are being bought at pace
I expect most people are buying the name. If the public buy in its not going to be in STG its going to be in UKOG
hold firm guys, this was expected before HH, watch it rise again as we get closer to spud
Highlights: •The target for the Horse Hill Prospect are stacked oil and gas targets in the proposed 2,646 m (5,680 ft.) well. •Upside potential of an estimated 671 million stock barrels ("MMSTB") oil in place with an estimated total mean recoverable prospective resources of 87 MMSTB (Source: Magellan Petroleum (UK) Limited) •Additional prospectivity of 456 Bcf gas in place (mean 164+ Bcf recoverable prospective resource) in the proposed Triassic gas play (Source: Magellan Petroleum (UK) Limited) •The first well is expected to spud in Q3 2014.
some quick facts about HH, UKOG have a 7.5% interest and a 6.5% interest in Angus also.......
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