A more detailed report will follow this one on the merits of an investment In UKOG uk oil and gas investments ltd but for now the main story is that they are on the cusp of striking oil at the currently being drilled Broad Bridge-1 well in the UK.
They are targeting the kimmeridge limestones which was the formation that they also struck oil in 2 years ago and the now infamous Horse Hill-1 well that flowed at over 1365 barrels of oil per day and in the process revolutionised oil exploration and interpretation on the uk onshore.
Another company Angus energy also struck oil at the nearby Brockham-1 well although that has yet to be flow tested.
Now the main point of this post is to highlight an opportunity to get 50-100% returns in a very short space of time by investing in the shares of UKOG listed on london's AIM market.
The shares currently trade at 1.15p but that's as a result of a fundraising the company undertook at 0.8p which has acted as a weight on the shareprice thus far allowing an excellent entry and potential profit.
Normally the shareprice would be a lot higher especially when you factor in that just 3 days ago an RNS was released stating that wet gas had been encountered as the drill entered into the kimmeridge limestones.
Now the crucial point is that wet gas of the butane and pentane variety has been encountered at both the Horse hill discovery and the Brockham discovery making it very likely for the same result to be repeated here.
Buy at 1.15-1.2p with a short term target price of 2-2.5p on confirmation of another oil discovery.
(disclaimer, I own stock in the aforementioned stock and your own due diligence and research must be applied prior to any purchase.)
Great article
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