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007bond1965
Posted in: UKOG
Posts: 16
Price: 0.40
Strong Buy
TRAIN IS LEAVING! CHOO CHOO29 Mar 2020 23:10
I hope this shoots up this week, so that all the derampers can f—-k off to another board.
007bond1965
Posted in: UKOG
Posts: 16
Price: 0.475
Strong Buy
UKOG SHARES ARE GOING CHEAP! WORTH A LOT MORE!11 Mar 2020 08:17
UKOG is already producing oil and now with HH-2z about ready to start it's production testing and then put into full production alongside HH-1, this share is going to rocket. The price I think per share without HH-2z is 0.63p, that I read somewhere. THESE SHARES ARE EXTREMELY CHEAP!
This must be the worst investment, I’ve ever done in my life. I’ve been here a long time and must be down 98%. I’ve lost a lot of money here. Wish I bought them when they were this price. Hard to tell if UKOG will go bust in a few months. It’s a total rip off.
Wouldnt want to be out of this over the weekend
LOL!!!
Only joking (I am invested)
GLA
Big gap between November and March but hardly unexpected.
12 November Total HH-1 test production now stands at over 77,200 barrels.
27 November 2019 Total HH-1 test production now stands at over 78,844 barrels ("bbl"), with over 49,276 bbl from the Kimmeridge oil pool.
31st March 2020 around 96,000 barrels (bbl) of Brent-quality crude oil have been produced to date
Revenue at Brent average price $25 with costs averaging $11.50 per barrel from 365 days average production levels in barrels net to UKOG:
300 $1,478,250
600 $2,956,500
900 $4,434,750
1200 $5,913,000
2000 $9,855,000
3500 $17,246,250
Putting a value of zero to anything but HH wells currently drilled, and a price to earnings multiple of x5 for a growing junior oiler, somewhere between 900 and 1200 b/d provides a £20m market cap.
At an average price over 365 days of Brent at $45 the numbers change to:
300 $3,668,250
600 $7,336,500
900 $11,004,750
1200 $14,673,000
2000 $24,455,000
3500 $42,796,250
Again if you applied a P/E of x5 then the current market cap is covered somewhere between 300 and 600 b/d with zero value for anything else UKOG ownes.
Like this as a multi year play on higher crude prices, higher eventual production from the Weald, and a strengthening of UK energy security. Staying invested, dispite the Pingu chatter, and impending trees falling of Backwoody
Cheap at twice the price - pity there is too much being produced and nowhere to store the excess production.
@goldplease
Whoop Whoop!!
That will do me :)
$25
Mira,
Then add in HH2z which could be ……….........
Mira,
Your comment 'Suggest the MAX combined flow from HH1 will 450-500 bopd but probably more like 300-350 bopd.'
From the RNS on the 28th April 'Consequently, with daily flow rates from production start at Horse Hill averaging over 300 barrels of dry oil per day ("bopd")'. That's over 300 barrels of oil per day just from the Portland, add in the Kim and hey ho, lets just say 450-500 is much more likely and coud well be more, but lets not get carried away!
Miresol
Up untill the 9.10.19 the Portland had produced 29658 barrels oil & the Kimmeridge had produced 41800 barrels oil. The KImmeridge was then put back in production with simultaneous operations & then being put back into production on the completion of HH2 drilling on 23.12.19 until the until Janurary 16 2020 with an average of 301 BOPD.
No other figures have been published since the 9.10.19 apart from a total of over 100,000 produced compared to 70,368 on that date. So you can decide for your self which well has produced the most barrels of oil.
looks interesting
It does mean that, at least, one of the overhangs is coming down quickly.
Shame that's not a buy
28-Apr-20 09:11:07 0.238 90,000,000 Sell* 0.23 0.27 214.20k O
Think that's the largest number of shares I've seen in a UKOG trade.
"More lies from the DHC. Who expected anything else from this bitter troll?"
Absolutely Wizz he's ramped, he's trolled, he's lied through his teeth here and on other boards - the worst of them all IMHO
"The Kimmeridge has produced more oil than the Portland under the EWT of HH1 so why do you think that it will produce less in production when on duel flow than the Portland flow?"
I think you're confusing total production with rates Wizz - in general they've been shipping 220 bopd when they've been on long-ish term flow - mainly that has been Portland but some of it has also been Kimm. As I said if they really thought they could flow the HH1 Kimm at 400 bopd without damaging the reservoir or bringing in water they'd be doing that rather than ticking withe Portland for now.
Suggest the MAX combined flow from HH1 will 450-500 bopd but probably more like 300-350 bopd.
that's enough to keep them afloat if they trim back and also don't pay any more bonuses
That makes over 200 million large sales today Probably Tellurian I wander when we will see a TR1.
29-Apr-20 13:16:01 0.264 647 Buy* 0.23 0.27 1.71 O
29-Apr-20 13:15:51 0.264 757 Buy* 0.23 0.27 2.00 O
29-Apr-20 13:11:19 0.246 137,585 Sell* 0.23 0.27 338.46 O
28-Apr-20 09:11:37 0.238 15,000,000 Sell* 0.23 0.27 35.70k O
28-Apr-20 09:11:07 0.238 90,000,000 Sell* 0.23 0.27 214.20k O
28-Apr-20 09:11:07 0.2375 -20,000,000 Sell* 0.23 0.27 -47.50k O
29-Apr-20 13:09:48 0.246 13,800 Sell* 0.23 0.27 33.95 O
29-Apr-20 13:07:03 0.2618 150,000 Buy* 0.23 0.27 392.70 O
29-Apr-20 13:05:06 0.2605 57,581 Buy* 0.23 0.27 150.00 O
29-Apr-20 13:01:52 0.2605 34 Buy* 0.23 0.27 0.09 O
29-Apr-20 13:00:31 0.2605 383 Buy* 0.23 0.27 1.00 O
29-Apr-20 13:00:29 0.2605 50,000 Buy* 0.23 0.27 130.25 O
29-Apr-20 13:00:02 0.2605 10,794 Buy* 0.23 0.27 28.12 O
29-Apr-20 12:54:29 0.2605 1,481 Buy* 0.23 0.27 3.86 O
29-Apr-20 12:53:20 0.2605 383 Buy* 0.23 0.27 1.00 O
29-Apr-20 12:53:12 0.2605 88 Buy* 0.23 0.27 0.23 O
29-Apr-20 12:50:38 0.2605 85,071 Buy* 0.23 0.27 221.61 O
29-Apr-20 12:49:55 0.2605 38,387 Buy* 0.23 0.27 100.00 O
29-Apr-20 12:49:48 0.2605 65 Buy* 0.23 0.27 0.17 O
29-Apr-20 12:49:30 0.2605 211 Buy* 0.23 0.27 0.55 O
29-Apr-20 12:49:08 0.2605 383 Buy* 0.23 0.27 1.00 O
29-Apr-20 12:48:51 0.2605 1,097 Buy* 0.23 0.27 2.86 O
29-Apr-20 12:48:03 0.2605 871 Buy* 0.23 0.27 2.27 O
29-Apr-20 12:41:40 0.2605 30 Buy* 0.23 0.27 0.08 O
29-Apr-20 12:41:27 0.2605 47,500 Buy* 0.23 0.27 123.74 O
29-Apr-20 12:36:34 0.2605 500 Buy* 0.23 0.27 1.30 O
29-Apr-20 12:32:40 0.2605 73,704 Buy* 0.23 0.27 192.00 O
29-Apr-20 12:31:49 0.2605 207,487 Buy* 0.23 0.27 540.50 O
29-Apr-20 12:31:16 0.2435 4,945 Sell* 0.23 0.27 12.04 O
29-Apr-20 12:29:24 0.2605 383 Buy* 0.23 0.27 1.00 O
29-Apr-20 12:26:07 0.2441 398,722 Sell* 0.23 0.27 973.28 O
29-Apr-20 12:23:14 0.2605 58,752 Buy* 0.23 0.27 153.05 O
Facts Wizard, you will not get any answer, just that we are going broke as the HH1 Portland and Kim are badly depleted already.
Reality, 100k oil on limited testing flow, all to play for in 2020! Costs of $11,50/barrel makes it very hard for the doom and gloomers that dominate on here, especially if Brent is > $30 average in H2 of 2020.
My one and only post here and GL all. I think that you may well need it.
More lies from the DHC.
Who expected anything else from this bitter troll?
mirasol
The Kimmeridge has produced more oil than the Portland under the EWT of HH1 so why do you think that it will produce less in production when on duel flow than the Portland flow?
The production from HH1 Portland seems to have increased since going into production.
Saudi and Russia seem to have a target to make the oil price $45 by year end.
Keeping it below the US Shale oil profit mark cos they are ****ed off with the US over supply, but plenty cash for the standard producers.
Once UKOG have actioned their other points like buying rather than renting equipment they should have the cost per barrel down to around $11.5
That's going to make quite a profitable Gas and Oil by Q4 this year!
Not much point posting that here though.... real genuine discussion going on elsewhere.... don't feed the trolls.
Right I'm off again...GLA
we have not yet seen the Kimmeridge in production mode as the previous rates have all been under EWT with OGA "restrictions."
I think you'll find Wiz that they were being careful about Kimm production rates as they had no idea of how it would perform and they were being careful to avoid pulling in water. The OGA just set limits on TOTAL production (which they kept changing when asked nicely) and not DAILY production.
The company have been very cagey about expected rates from the Kimm - which suggests to me they don't really know even now. If they had expected high rates (or higher than 220 bopd) they would have switched HH1 to Kimm rather than Portland