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Angus Energy in talks to buy 'transformational' gas asset in North England


Uk Oil & Gas Share Chat (UKOG)



Share Price: 1.025Bid: 1.00Ask: 1.05Change: 0.00 (0.00%)No Movement on Uk Oil & Gas
Spread: 0.05Spread as %: 5.00%Open: 1.025High: 1.025Low: 1.025Yesterday’s Close: 1.025


Share Discussion for Uk Oil & Gas


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Brocal53
Posts: 1,029
Opinion:No Opinion
Price:0.975
DHC
Today 08:41
I see DHC says he is off air for a while as nothing much going on here for a month or two--agree-so best get back to trading
 
IAmNotSpartacus
Posts: 509
Premium Chat Member
Opinion:No Opinion
Price:1.025
RE: Self Funding
Today 08:27
Reserves based lending should be an option once the two horizontals are producing
Brocal53
Posts: 1,029
Opinion:No Opinion
Price:1.025
Tony
Today 08:24
A Carlsberg poster---maybe one of the most measured posters on here, Thanks!
Waynesmith
Posts: 2,789
Opinion:No Opinion
Price:1.025
RE: Self Funding
Today 08:19
Not a dickie bird singing this morning
Tony13579
Posts: 4,257
Opinion:No Opinion
Price:1.025
RE: Self Funding
Today 06:49
1. It is normal industry practice to risk share projects
2 if you have multiple sites and operations then you can proceed on the ones where permits are in place . Build and retain a core team of workers
3 the jigsaw pieces are fitting together
4 the flow tests are not the same as a horizontal production well. That’s why he hasn’t put out the CPR. This was explained at the AGM.
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: Wiz
Today 01:30
Gl now you have your motivation.

I hope you achieve your goal.

Peace of mind, Health & Happiness are most important.
warik
Posts: 389
Opinion:No Opinion
Price:1.025
RE: Wiz
Today 01:27
I like to analyze and sell I never managed to do it sadly as not high enough to but this time around hopefully I will get it done.
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: Wiz
Today 01:25
Warik

I know there is a bolt for the door but I have not sold any UKOG shares yet.
Your other alternative is to set up a sale at a price which will automatically sell once that your target price is reached.

It may be easier to sell in smaller batches that all together due to liquidity at these times.
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: Argus
Today 01:19
Very eloquently put Argus1.

Us mere mortal don't Stand a chance in his book!
warik
Posts: 389
Opinion:No Opinion
Price:1.025
RE: Wiz
Today 01:18
Just imagine 5m getting sold at 1.01 do you actually think when you see people selling off left right and centre at 2p or whatever you will wait you will do the same. This SP does not hold for a reason spike and sell out.
warik
Posts: 389
Opinion:No Opinion
Price:1.025
RE: Wiz
Today 01:14
I dont think banks lend money just based on CPR or reserves etc as there is no guarantee oil will come out. They normally lend money based on track record and past profits which we have ZERO.

Therefore I will be in cuckoo land to think banks gonna lend say 5m per well when there are no profits and you dont own HH 100% as everytime all idiots will have to agree on everything otherwise we end up like Brexit our MPs dont give a shit about the country nor party.

Once we deliver profit for atleast 1 year with ongoing production then maybe bank will throw money at us not otherwise.

We may get more dilution before rig never say never happened last summer 3 dilution rounds.
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: Wiz
Today 01:07
Warik

If Ukog can borrow as discounted cash flow based on reserves, dilution will no longer be necessary.

Oil companies are valued on reserves not what is produced. (Oil in the ground & the recoverable %)

My hope is that the reserves will allow the funds to develop the 4 to 8 sites at the HH licenses of 3500 BOPD per site.

I understand your goal & wish you well if we get to 3p I would like to take some profits aswell.
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
RE: Argus
Today 01:06
Argus

My, aren't you the funny one!

'... false figures and ridiculous assumptions....'

Then you'll no doubt provide this BB, which is full of intelligent investors, with details of what I've said tonight that is 'false'?

'...car park attendant / Jackass..'

Yeah, I'm the vindictive one here aren't I, clear as mud ;o)
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
RE: Argus
Today 01:01
Wizard

What particular numbers do you have a problem with?

I didn't post a valuation for UKOG, all I did was question you on revenue = earnings (it doesn't) and what proportion of HHDL income is net to UKOG...
argus1
Posts: 5,161
Opinion:No Opinion
Price:1.025
RE: Argus
Today 00:57
I see the vindictive car park attendant with allusions to grandeur is again trying to mislead with false figures and ridiculous assumptions. Jackass has had many previous misleading and false posts using these dubious methods deleted by admin, but still his vindictive streak brings him back to repeat the same foolishness.
warik
Posts: 389
Opinion:No Opinion
Price:1.025
Wiz
Today 00:55
Why bother about debt or PE that's for successful companies not for our Mickey Mouse ukog.

PE is 5 or 500 does not matter what matters is the SP 3p that's my target will be happy with 2.5p too so just pray to God we get there and dont bother about the dumbos with their arguments. Not worth wasting your breath here.
warik
Posts: 389
Opinion:No Opinion
Price:1.025
Self Funding
Today 00:51
I remember same time last year same place people arguing ukog will be self funded with EWT unfortunately has not happened due to multiple reasons.

A. Dont hold 100% of HH.
B. Flow not high enough.
C. Have too many interest in different places so money is diverted.
D. No profits yet.

4 wells will be funded via dilution or loan if they could get it. If they could get all the wells in full flow over 12 months then FY20 could be partially self funded.
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: Argus
Today 00:50
Then as you are so clever J try putting the correct numbers into the sum base & you may stand a chance of getting the right numbers out.

The other factor that you do not seem to understand is the consept of the Weald.
So your mockery is baseless in mine & probably many other people's book.
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
RE: Argus
Today 00:37
Wizard

Like I said, we're discussing UKOG, not other shares...

Earnings != Revenue mate, try here:

https://www.investopedia.com/terms/e/eps.asp

I spent 6 years working in finance (income/debtors, payments, management accounts), you?

Basically:

Sales (revenue) - cost of sales (OPEX) = gross profit - overheads = net profit = earniings = adjusted earnings (adjusted for exceptional items, including CAPEX as appropriate)...

Do you agree?

The history of my posts here or elsewhere has no bearing on the validity of my posts tonight, I'm sure you'll agree with that as well?
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: Argus
Today 00:25
Just for you J we will call earnings revenue & it is 720 - 1080barrels per well for 2 Wells.
The $18 cost is as stated by SS not me or made up.

We await the CPR from the Portland & Kimmeridge which I believe will be a major turning point for HH & UKOG

I still can not see you invested here or oil being produced from you native Hurricane.

I hope all comes good for you over there.

But unfortunately historically you have spent more time here than on the Hurricane board critisizing others.

My best advise is to put your own house in order first before playing the expert here!
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
RE: NEWS
Today 00:12
Wizard

We're discussing UKOG mate, not other shares...

I made an estimate of $30 total for OPEX plus overhead p/b.

Can you tell me how this is a wrong assumption on low volume production, i.e. total UKOG overhead will be spread over no more than 720/1060 bop/d after the next 2 wells at HH at 50% net to UKOG?

I'll resist the temptation to point out why your other statements about another share are so far wide of the mark, but I think you already know that, the respective MC tell their own tail...

Play the ball mate, not the man...
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
Argus
Today 00:01
At this point I think it's only fair that you also call out Wizards 'extremely high misleading valuations', no????

Thought not...

;o)
wizard125
Posts: 1,651
Opinion:No Opinion
Price:1.025
RE: NEWS
Today 00:00
Jaykay

You seem to forget as you usually do that UKOG is a onshore producer not an offshore non producer like Hurricane & costs are $18 per barrel or less.

Maybe like Sedoc you you will now get a more realistic figure.

Oh & no bond or debt repayments to make either.

Maybe that is why even now UKOG has a better P/E than Hurricane Energy.
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
RE: NEWS
Wed 23:45
Wizard

I think you might need to go look up what 'earnings' refers to...

Your quote assumes 100% of 'revenue' (£15/20m = 720/1060 bop/d @ $70 / 1.28 $ to £) equates to earnings, it doesn't...

Earnings is net profit, so after OPEX and overheads (but before CAPEX), adjusted as required...

And then you've seem to have forgot (as you usually do) that UKOG only own circa 50% of HHDL...

So, lets try again...

1 well at 1,060 bop/d (top end) at $70p/b, based on OPEX (and overheads) of $30p/b (more than generous on low volume, as overheads shared over limited production) @ $1.28 to £ = circa £6m per well earnigs net to UKOG... 720bop/d is circa £4m...

Sound about right??? Bit less than £15/20m though...

Now apply the P/E ratio you feel is 'appopriate' for UKOG...
JayKay1
Posts: 1,719
Opinion:No Opinion
Price:1.025
RE: Brexiteers
Wed 23:29
rusty246

Whoosh ;o)




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