UK Oil & Gas Investments - UKOG Stream Log

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.

I think we should make a bid for the company, say twenty million pounds and in return we get three hundred billion pounds worth of oil. Sounds great, oh by the way, you have to take the oil out of the ground, might take you thirty years, but I will be long gone by then.

There is almost a billion shares traded and not all buys of course. How much is that in real money? Not a lot really. If it was this good, surely people would come in will tens of millions?

It is going to take years to get any oil out of the ground, people will lose faith in the meanwhile.

Has there being a CPR here, or just a good guess by the company?