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1.0¢ aj lucas group limited

D, Lot of chatter online UK that the huge UKOG volumes of recent...

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RavingStark

1,377 Posts.

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27/07/17

22:37

Post #: 26127513
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Originally posted by darwineurope ↑

Sorry to reply to my own post, but just to underline the value gap, I give you another, similar case.

The largest shareholder in AJL is Kerogen. They took a massive stake in IGAS, one of the top 3 shale players in the UK (Cuadrilla, IGAS and Ineos). They play the same value gap that is currently in that market. That company now is debt free (like Cuadrilla), and has its exploration program financed by farm-in (like Cuadrilla/AJL).

So, the UK shale market is starting to develop. Positions have been taken in, the acreage (for free) has been absorbed, farm-in deals for first exploration are in play, and the actual drilling is starting.

UKOG is more conventional, although they may frack in future. That's why they were first of the block. The differentiator to why this didn't happen for decades is not the fracking; it is because of the technology of directional drilling.

Good luck everyone. It will be a dynamic year.

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D, Lot of chatter online UK that the huge UKOG volumes of recent days signal a major buying in. Not so sure this early, but be a hoot if its Riverstone. That would make UK Onshore very chummy.
UKOG spiked to 11p last night, troughed at 7.10, now 7.30. Be a few nervous punters aboard that shaking train.....
Raving

AJL Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.001(11.1%)		Mkt cap ! $13.75M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$1.158K	116.5K

Buyers (Bids)

No.	Vol.	Price($)
2	476435	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	280678	1

View Market Depth

No.	Vol.	Price($)
2	476435	0.009
4	1145000	0.008
5	1703834	0.007
1	200000	0.006
2	400000	0.005

Price($)	Vol.	No.
0.010	280678	1
0.011	211011	2
0.012	401111	3
0.013	249650	4
0.016	79432	1

Last trade - 16.10pm 10/07/2024 (20 minute delay)

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