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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Uk Oil & Gas Share Chat (UKOG)



Share Price: 1.00Bid: 0.95Ask: 1.05Change: -0.025 (-2.44%)Faller - Uk Oil & Gas
Spread: 0.10Spread as %: 10.53%Open: 1.025High: 1.025Low: 0.975Yesterday’s Close: 1.025


Share Discussion for Uk Oil & Gas


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CaptainStanley
Posts: 2,466
Opinion:No Opinion
Price:1.00
Hmm.
Today 19:53
I suspect and hope that talk of percentages here and there will be inconsequential in the grand scheme of things after the oil starts to flow from the horizontal wells. I just hope that that is sooner rather than later.
 
Qwerty59
Posts: 1,560
Opinion:No Opinion
Price:1.00
RE: 46 million trade
Today 19:46
Just to add - nettle rash cream is in short supply from boots (other suppliers are available). I suggest that an oil based soothing cream should be procured to support the industry imo
Qwerty59
Posts: 1,560
Opinion:No Opinion
Price:1.00
RE: 46 million trade
Today 19:40
Probably going to add to the 7m sells on the bell ? 2020 WTI futures = $53... the experts are looking for dividends, not promises from an AIM minnow imo
Legalease
Posts: 5,563
Opinion:No Opinion
Price:1.00
46 million trade
Today 19:26
After hours?
Taxistoohigh
Posts: 55
Premium Chat Member
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 19:01
Why do HHDL need another approx 1m cash when they already have 3m from the oil extracted.
Ru4real
Posts: 130
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 18:49
I may be wrong but I read it as the cash call for Angs of £261k is based on their 18.1% stake
Regards
Ru4real
Chalky01
Posts: 1
Opinion:No Opinion
Price:1.00
RE: 7am RNS tomorrow - IMO
Today 18:01
We hope
Thorpedo
Posts: 1,394
Opinion:No Opinion
Price:1.00
7am RNS tomorrow - IMO
Today 16:34
:)
wizard125
Posts: 1,706
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 15:43
Thorpedo

I think that the £261million figure for HH is more than a little lite in my opinion.

SS said the Portland at HH has a value of £150-180 million & the Kimmeridge has a value of £100 million per site.

He states in the presentation that there will be between 4 & 8 sites on the HH licences PEDL 137 & PEDL246.

I will leave you to do the maths while we await the CPR & a independent appraisal!
Thorpedo
Posts: 1,394
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 15:19
I think that Alba have got their sums wrong re their dilution according to the Agreement:

"If a shareholder does not provide finance as set out above, each other shareholder shall be issued new ordinary shares in the capital of HHDL based on the following formula:

Number of shares = shareholder loan contributed by the shareholder/£6,000."

£261,000/£6000 is 43.5 shares or 4.35%
seadoc
Posts: 1,170
Opinion:No Opinion
Price:0.975
RE: Alba not contributing to cash call
Today 15:03
The free carry was just to HH-1z. It would be £10m to buy out their licence, just my opinion, as at Thu 16:17.
mick2
Posts: 2,901
Opinion:No Opinion
Price:0.975
RE: Alba not contributing to cash call
Today 14:56
do Magellan now start contributing to cost of new wells.
Stocktaker01
Posts: 1,391
Opinion:Strong Buy
Price:0.975
RE: Alba not contributing to cash call
Today 14:48
I think the 0.01% is more to do with the contract TBH rather than demonstrating a direct value.

£261M is achievable If UKOGs plans are fully executed and approx. flows realised. I think SS would like Alba to relinquish their 18% for a lot less than £50m!
ocelot
Posts: 5,892
Opinion:No Opinion
Price:0.975
RE: Alba not contributing to cash call
Today 14:47
Something's not quite right in that, argus.

1/ UKOG has 77.9% of the costs as well as of the revenue;

2/ why was UKOG able to buy out stakes on a much lower valuation basis?
argus1
Posts: 5,181
Opinion:No Opinion
Price:0.975
RE: Alba not contributing to cash call
Today 13:54
If £261,000 = 0.1% of HHDL, Alba RNS today.

"UKOG has a direct 77.9% interest in HHDL, which has a 65% interest in PEDL137 and PEDL246".

Which makes HHDL worth £261million, of which Ukog 77.9% share would be valued at £203.32million.

Which gives a current value of 3.8p per Ukog share for HH alone (PEDL137 & 246).

Alba's HHDL share is 18.1%. Depending on how running costs of HHDL have been agreed, if oil revenue is offsetting running costs it seems that maybe 18.1% may not be enough to meet Alba's costs. But as Ukog has 77.9% of the oil income credited to its costs, Ukog could be well in profit.
Shouldhavedone
Posts: 314
Opinion:Strong Buy
Price:0.975
RE: Angus v Ukog
Today 13:42
“Money going to Angus”
Nobody seems to know whats happening with all the kit going in.
The could be plugging it as far we know.
Maybe worth a punt!
I’ll have a look

GLA!
I’ve had a look watch 4.80
Boovie
Posts: 513
Opinion:No Opinion
Price:1.00
RE: Try as hard as they do...
Today 12:59
I can just see SS singing Shirley Bassey "I who have nothing" and Heid singing to SS The Beatles "She loves you yea yea yea"....Only Joking tho
Dinero
Posts: 1,098
Opinion:No Opinion
Price:1.00
RE: Try as hard as they do...
Today 12:50
Yeh I agree. Try listening to some music by Stephen Sanderson. ( familiar name ah!)
On Apple Music tracks like
Spur the iron horse
Stifled progress.
I had to chuckle
GLA
Legalease
Posts: 5,563
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 12:47
Interesting logic Seadoc but I still think you are wrong.
Ninetails
Posts: 1,464
Opinion:Hold
Price:1.00
RE: Try as hard as they do...
Today 12:35
Heid...It will come just have patience, put some tunes on have a cupa and wait for RNS o'clock...
Heid
Posts: 7,787
Opinion:No Opinion
Price:1.00
RE: Try as hard as they do...
Today 12:13
hello Onmetoe..the gusher I was asking about. When is it coming ?

Maybe you can answer?
Ohmetoe
Posts: 334
Opinion:No Opinion
Price:1.00
RE: Try as hard as they do...
Today 12:10
No ramping of UJO today Heid??
Thorpedo
Posts: 1,394
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 12:09
@Legalease "Does place a current value of £261 million on HH?"

I agree if 0.1% is £261K then 100% of HHDL = £261m and that is current valuation not future.
Heid
Posts: 7,787
Opinion:No Opinion
Price:1.00
RE: Try as hard as they do...
Today 11:51
Joey, you never answered me yesterday.
When is the gusher coming ?
TollesburyStu
Posts: 1,092
Premium Chat Member
Opinion:No Opinion
Price:1.00
RE: Alba not contributing to cash call
Today 11:49
Taking sole responsibility for your misleading calculations makes them no less misleading...




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