16/02556/CON | The retention of the existing exploratory well site and vehicular access onto Horse Hill; the appraisal and further flow testing of the existing borehole (Horse Hill-1) for hydrocarbons, including the drilling of a (deviated) sidetrack well and flow testing for hydrocarbons; installation of a second well cellar and drilling a second (deviated) borehole (Horse Hill-2) and flow testing for hydrocarbons; erection of security fencing on… Read More
we got planning permission for last years tests so why not for this years
is it because this years EWT is aligned so close to production there is a feeling SCC may not grant planning permission- as per whats happening with ANGS at present-in that case I would expect SS be banging on central governments door to get that overruled-we may have delays at present but I do not expect these to be long term problems for either UKOG or ANGS-the rewards for the UK are just too great and this must be a… Read More
That remains a valid fear. Absent government intervention local councils (who generally seem to be very anti-exploration and certainly commercial extraction) will kick the can down the street for far longer than small oil explorers can financially survive without having to regularly ask shareholders to stump up more funds. It would be very risky for SS to choose to pursue further acreage or M&A in current climate absent foreseeable income stream from production. I have relatives near one of… Read More
More like the reason for the low price of UKOG shares is the oil exploration is in the south of England. With the local council attitude [in the south of England], it may never, in our lifetime, be extracted. This is a quite valid fear, in this part of the country, where the tail seems to wag the dog.
This will wake up again when we see the oil rally during the us driving season, investers will take profits and pile them into this hoping of news ! That should see this back towards 1.7 - 1.8 and obviously if we get a smell of any good news this will fly ! It's a buy at these low levels
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.