looks to be less volume of shares around now compared to last week, slow and steady rise back up to around 50p this week i would think
hold firm guys, this was expected before HH, watch it rise again as we get closer to spud
Its P90 where you should be basing your decisions on and to an extent P50...P10 has a small chance of being brought to production as in 10% chance. Not de-ramping by the way as i too am invested in mosman, just trying to be realistic as there are some crazy figures being posted around recently.
I think so too, having watched interviews and read up a lot on HUR i think we will be getting news in the next month or 2 at the latest regarding the farm in which i would say will be BP. Big potential with the whirlwind discovery too with another 200 million barrels. So thats 400+ Million barrels and the farm in will extract it. Then there's the 2 other fields still to be drilled! I think a lot of people looking a quick turn here realise now that its not one to be day traded so things should even out now.......there has been and will be further II's sniffing around over the coming weeks. Its that and the news of a farm in which will send this SP north IMHO DYOR etc
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.......
You can never be sure on AIM but my personal feeling is that It wont go much below 1p, if at all, it tried yesterday to 0.95p and was quickly snapped up again, it will hover around this level and rise next week again and continue to on news of HH which isnt far away...not ramping here, these are just the trends i've been seeing with UKOG and of course all IMHO
@wakefield10 heres soem info on what the future holds for HUR if you havent already read it. This should ease your anxirty a bit. Im all in with HUR and yes when my figures are sitting in the red its not nice for anybody. HUR is a long termer not a pump and dump like so many on AIM
Any idea on how long the access road will take at HH? be nice to get an RNS saying they spudded today!....if only lol