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Reader Poll - what price the looming UK Oil & Gas bailout placing?

By Tom Winnifrith | Thursday 19 October 2017


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.


UK Oil & Gas (UKOG) is almost out of cash and the see-through from the latest Horse Hill transaction shows that at 4.775p, a market cap of £169 million is absurd as I explained HERE. So at what price will the rescue £5-10 million bailout be priced a?. We know that it was offered some cash at 2p a few weeks back but that was before all the bad news. With a placing surely imminent the deadline to vote in this reader poll is midnight tonight (19 October)


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