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Member Info for tidd83

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Member Since: Sun, 2nd Nov 2014

Number of Share Chat Posts (all time): 1,992
Number of Share Chat Posts (last 30 days): 33

Last Posted: Sun 21:06

Post Distribution over the last 30 days

Sun 21:06

Wow Megatron.. that’s some theory and forgive me for stating but also rather paranoid.

I for one would welcome a deal with Gazprom if the terms and deal were right for the company, I think if Russia were to tighten the shackles on the UKs energy supply and wish to further monopolise they would have better effect disrupting their own existing LNG shipments.

Not sure I believe your horror story nor do I believe any subliminal messaging is being sent via the last RNS.
19 Mar '19

Hardly panicking Rock.

Leaving it a few days won’t make much odds it’s been hard to buy for weeks and it’s getting more difficult as time goes on.
19 Mar '19

Leave an order in and just take smaller tranches, only way to get filled.
19 Mar '19

Let the traders out and next leg should kick in..
19 Mar '19

“Islandmagee Energy CEO John Wood says “direct consultations have been requested and the company is happy to accommodate these”.

“We have made good progress on the project and recent engagement with political representatives showed us that there was an interest in finding out the truth about its impact on the economy and the environment.

“We were able to reassure the broad spectrum of politicians that our intention is to run this project with as much economic benefit for the local area as possible.

“We have also demonstrated that the environmental impact of this work falls well within the safety guidelines and in fact exceeds the requirements.”
19 Mar '19

Enablement works to begin, huge cost saving to be made on original expected budget.

FID still on schedule for H1. All looking good.
19 Mar '19

Bronx, negotiations with Chinese and Irish government were undertaken to gain approval of this farmout and deal.

A lot of work has gone into the farmout process and rig selection has been made. Given the nature of the farmout I think APEC are keen. The original farmout has also been improved upon with a greater spend and a greater number of proposed wells to appraise Barryroe.
18 Mar '19

Oh and the BOD.
18 Mar '19

We ran a small tally, between LC Capital, Brandon Hill Corporate broker (and it’s directors), the recent 3% TR1 by Andrew Mackay (someone who historically worked on Barryroe) and PI holdings within the Twitter group there was approximately 130m shares available in free float of the 665m in issue.

Any sells are being soaked up and I too have added approx 500k in the last week or two. Have had to leave orders or tranche buy, don’t think we in the groups have finished adding yet either so the float will continue to decrease.
15 Mar '19

Kezz post something relevant or meaningful research instead of childish observations and supposition.
15 Mar '19

The 35% equity and 65% debt being banded around for financing structure will be done at project level.

Those who assume the equity portion means dilution/placing at INFA company level need to brush up on their research.

It beggars belief.
15 Mar '19

More money needed for more wells.

Average production of 220bopd or approx 110bopd net to UKOG.

MCAP £74m.

14 Mar '19

To see this still trading at these levels, the upshot is very large and the production figures have exceeded expectations.

Corosan is a low risk high impact drill, previously tested by Shell when there was no requirement for gas. The infrastructure to produce is already in place and in close proximity, the recent raise at 12p means Ortoire requires no farmout ergo the value attributed to production is greater.
14 Mar '19

So the project to date including completion of FEED equates to a spend of around £20.5m.

Back costs are to be reimbursed as per terms of the financing deal and all is moving forward as planned and get despite cash and positive recent updates the company is valued at £10m.

Given PCI status, the only project of its type to have recently completed FEED and the significance of demand including government guarantee schemes and permitting all looking positive this is looking rather cheap.

I will be adding today.
14 Mar '19

Perfect storm, Brent testing $68 as we speak.
14 Mar '19

That was a solid update, production at 2348bopd currently with three wells still to be optimised we could be pushing on 2500bopd.

Ortoire step change well fully funded for June which could double production figures overnight and the MCAP is just £18m?

Company is moving from strength to strength, comparable to TRIN and CERP this is trading at a huge discount given the assets, production, reserves and news to come.

P2 reserves currently around 18mbo. Huge disparity from a fair valuation.
13 Mar '19

Excellent response Si.
13 Mar '19

Yes and directors of the corporate broker for LOGP.

Bodes well.
12 Mar '19

Keep us posted dawski

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