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Give them time to get the pump back on and record the new flow rates first.
The only question for investors is, do you wait for official news or invest now at the bottom in anticipation of the pending news?
The eternal question for all investors on all small cap stocks.
I'm in and waiting.... many shots on goal too.... so I'm happy to wait through each and hold for the next a value growth is achieved. They have a plan and working to achieve it. Give 'em time...... or not and invest elsewhere. :-)
If there were great things to hear we would have heard it. They have nothing to say because no news is easier than bad news.
Sorry Penguins, but I think the main point being made was that HH1 was not in operation for all of June. That still seems to be the case. Question remains, how many days was it in production, as that will have a large say in the output.
Tony,
I've already given one quote from the 30 June RNS to help you to not make unsubstantiated (and wrong) claims about HH.
But you persist in suggesting UKOG have chosen to not mention reperforating HH-1 in early June?
So why do they say in the interim results on 30 June 2020:-
'On a positive note we also firmed up our plans for the reperforation and recompletion of HH-1. The current completion and perforation scheme is less than optimal for both pump efficiency and oil inflow. Consequently, if successful we remain confident this programme can further improve the well's oil production rate.'
Note 'the current completion and perforation scheme is less than optimal.........' - That will be 'the current' as at 30 June 2020 - which on my calendar is after 10 June 2020.
Tollesbury, are you from the town/village in Essex? If so we are near neighbours, Witham!
Tony, are you the same Tony as the one on Twitter who just posted the activity back in June? If so, was production in June less than the full 30 days? Do you know how many days it was down for?
Also, looking at Twitter, looks like the guys on site there are steaming ahead with the workover on HH1. That's nice to see.
TS, I have about 250 in the bin at the moment. Hopefully some good news on the way. I was in Tollesbury 2 weeks ago visiting my father had a lovely morning in the sun. ATB
Just for the record, I'm not interested UJO either. They are years behind UKOG and have far more shares in issue.
Like the name though :-)
Transformational times ahead for UKOG.... watch the Twitter and ignore the dross promoted by LSE here.....it's just designed to gain more site hits and ad revenue.
Looking forward to new flow figures at HH.
Loxley planning debate and result this month or next.
Resan, Turkey update and drill campaign begins before winter ?
IoW planning might give a boost too :-)
It's a shame UKOG have too many assets to explore Broadford Bridge further right now too.
A nice problem to have though.
Maybe the HH CPR will unlock bank funding to progress faster soon though.
Trollhunter Twitter indicates that he is fascinated by UJO. Whereas I am not interested in them. Does that tie things up for you?
FOTH...He was the biggest disciple of all, he truly worshiped SS and ukog, he would burry any negative news and extremely highlight any positive news, and if there was no news he would simply make some up...secret pipelines and such like, Something happened at HH and he went off in a big huff...he has been anti ukog ever since.
In the bin he goes
There was a hillicorder trace that indicated possible per guns on 10th June
https://twitter.com/anton13579/status/1311257340709044224?s=21
Doesn't matter to him how many shares on issue because when he consolidates he will end up with perhaps just one billion or less
Fairly obvious who this is, isn't it?
https://twitter.com/TrollHu37466449/with_replies
Who wouldn’t be heavily biased against probably the worst ceo known to man ?
We are all here arguing about production figures, tankers, future plans, dilution etc Why is the guy that is supposed to be our leader not sharing info with us , the people require Info to decide to invest or not or sell, simples really.
I take it that Teamster is the new account of Adrian, aka Fool of the Hill. I used to like your Twitter posts until you became heavily biased against the CEO.
Penguins,
How do you know that UKOG do not have ESP's ready for HH1? They may have them ready. We will have to wait and see won't we.
As for the post by Mirasol. I do not know who Trollhunter is. But I guess that it was someone who was banned here.
Like I said, I've just moved over from the other site, for reasons already disclosed, and within being here for a few days I am already being shot down with rubbish posts. Stick to debate, if you don't then I know why. There are lots of the XR community on here, we all know that, its pretty obvious.
Let's see what is released by way of RNS in the next few days. We are due.
Tony,
facts? even you put a question mark after Perf guns.
Don't you think that if in early June they had reperforated it might have been mentioned in the interim results rather than - 'Post-period, the Company also plans a significant intervention in HH-1 specifically designed to further improve flow into the wellbore. Together with a full reperforation of the entire Portland section'
As for tanker rate increase, errr - fact? When UKOG put out an RNS giving daily figures of production rather than export from the site that will be 'fact'.
wasn't the end of June when UKOG were hoping for Loxley planning and a spike 'helped' by the reports of more tankers leaving the site .....hmmm.
Penguins
you seem like a well informed intelligent chap, with a subtle negative slant towards this company
If you think this company is so badly run why are you here?
Cynderlad,
Dual completion won't be happening for some time if ever. It needs ESP's not rod pumping - it would require a major workover and could risk the only (significant) production UKOG can lay claim to - even if the majority is likely to be absorbed by HHDL just to continue operations.
HH-2z is probably unsuitable for water injection - location probably not ideal as they probably targeted the culmination of HH Portland - and fractures inflowing could with the application of pressure become uncontrolled and not understood conduits elsewhere rather than allowing a carefully managed waterflood - there's suggestions (waste tankers) they've had another go at flowing HH-2z, no official information since end June RNS though.
UKOG don't need to put out figures? Mayn=be they don't need to but UKOG are an oil production company yet they can't give investors an idea about what their expectations are for production of their first and only operated field - look at the SP they need to do something to encourage investors. Before being in production UKOG were very happy to quote expectations of 362bopd from HH-1, and variations on 720 to 1080 bopd from an horizontal - when they are in production though..........not even prepared to put out precise figures for their daily rather than average production which we can only get 3 months in arrears. I wonder if they will have the same reticence for issuing initial flow figures after reperforation?
and if you think putting others down is poor practice why the 'A load of rubbish responses from known detractors of UKOG. We all know why.'
'We all know why'?
Is it because almost every 'why' I've seen seems to revolve around 'swampies, xr, trolls' etc which is just a lazy response to avoid debate - rather than it's posters putting up genuine issues with what UKOG has and is doing and essentially there being no rational argument.
" I will bring debate, and that when I see rubbish responses from folks that would prefer to brag about their investing mastermind trading results, or rubbish responses from known haters,"
So says Cinderland - a new poster with a total of 20 posts - in fact its clearly Troll Hunter/Troll basher/Troll hater again
The figures will be in the region of 840 tons.
And there will be a water element as there was a workover between the 8-11th June were the rods were out. Perf guns ? .
In the last week of June the tanker rate increased...
Don’t let the spin get in the way of the facts
Penguins,
I brought 4 discussion points yesterday, and my timing was pretty good on the HH point. The responses received from the known trolls were as expected. I reserve the right to respond to them in kind calling out my opinion.
I brought debate, which is more than can be said for many here, those who just post negatives about the company without any technical analysis. It really has become a soap box for the XR community. They are proliferate.
Back to HH, and HH1 workover. I am not expecting HH2z to have a workover at this point, UKOG probably dont have the cash to do what is needed there. I've written off HH2z as a water injection well. HH1, re-perf is on the cards and dual completion. SO lets see what it provides. As for HH1 anticipated figures, why do UKOG need to put anything out there? They are clearly not after a loan at this point. The OGA figures for June will be interesting (water cut increase or decrease, oil production, etc). Plenty there for us to pick the bones out of tomorrow or Friday?
Glad that you are in part wishing to have a debate, but don't call me out for putting others down as you are simply then doing what I consider to be poor practice. Just accept that I will bring debate, and that when I see rubbish responses from folks that would prefer to brag about their investing mastermind trading results, or rubbish responses from known haters, that I will put their response into context. e.g. Rich3648, someone who does not ever enter into proper debate and just takes the opportunity to **** the CEO off.
Cynderlad,
'So how about you lot focus on discussion rather than berating people like me for bring proper discussion to a board, a board that was designed for proper debate, and not for BS.'
So you keep going on about debate but don't want to respond to replies to your previous post but repeat the bit in your original post and declare responses (presumably those you don't agree with) as ' A load of rubbish'.
That's not debate, if you don't agree post what your opinion is and what it is based on, that's debate. Just claiming 'we all know why' is not debating an issue.
So in fact you didn't bring discussion to this board at all if you only wanted replies you agreed with.
As for current activity let's hope it is for reperforating and reconfiguring the production tubing, but until UKOG RNS that's what they are doing we don't know. June OGA production figures tomorrow, From UKOG RNS should average about 250 bopd, pity UKOG don't feel they need to tell their shareholders current and anticipated production from HH-1.
Oh, I see what you mean now.
(I was only quoting Cinders' earlier post...)
:D