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UK Oil & Gas – almost as predicted, after the pump....

By Tom Winnifrith | Monday 5 July 2021

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.

I warned that UK Oil & Gas (UKOG) was passing the hat around yet again to the bucket shop community at 0.17p. Almost right. Thanks to Bulletin board morons lapping up the horse, Lyin’ Steve Sanderson spouted on its Turkish prospects it has managed to raise £5 million at 0.18p. And there is also an open offer at the same price but with the spivs already flipping, the shares are 0.185p so I cannot see much more cash being raised. How long will this latest bailout last?

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