The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
What I don’t understand is that XR only object to oil or plastic.
So we use plastics in long term and short term uses.
So your fleece, car dash, a load of manufactured items are long term.
And bottles are generally single use. But we put them in a recycling bin, and somehow they end up in Indonesia being flooded off a waste site in bags with our councils logo on!
Are XR protesting against there councils? No.
Are XR protesting against Southern water plans for a desalination plant using the same quantity of electric as the IOW. No!
Are these people setting up a business to make anything from recycled plastics?
Something useful like fence posts that don’t rot, gravel boards? That would prevent the plastics being bailed up and shipped to poorer countries.
Are you changing the laws, to make new homes use collected rainwater in the loos?
Nope... they are sitting on a message board trying to crash a share price.
Cap, are you smoking something?
LOL TH2, go check my profile. I am all for O&G exploration and production. I am invested in another junior oiler (I'll not mention the name) that is doing very well at the moment.
You need to give it a rest with your clueless ramping. Are you believing your own hype? Try doing some thorough research and you'll soon see the obvious facts.
and so what is your motive for being here if you see the entire enterprize like that Cynderlad...... just pure trolling or do you have an XR agenda to destroy this company before it can bring any of those streams to commercial value?
You seem to only have a couple of months left at the most if it's XR destruction because the Turkey five wells will transform this company and then be unstoppable...... Investors worth enough to retire and enjoy new levels of wealth..... what will you be doing then.... trolling something else?
The truth is, Ninetails, that all the regular posters tend to repeat themselves on a frequent basis (I am no exception to this rule!).
UKOG is barely worth £3m, let alone £30m.
Turkey is a punt.
IoW is a waste of time.
Loxley close to other past wells that didn't show commercial levels.
BB has abandonment costs.
HH is close to being permanently shut in, more abandonment costs.
All I see is cost upon cost upon cost.
Sando knows this and has already started with their next cunning plan, geothermal. You'd be right to think that this company is a joke. There could be 30 billion shares in circulation within 3 years if Sando manages to stretch it out, what price then the SP? 0.03p at best.
Sounds Familiar? TrollHunter2
Posted in: UKOG
Posts: 1,423
Price: 0.65
No Opinion
RE: 1000+bopd from Horse Hill
24 Feb 2020 09:13
Up 7% and getting ready for the next step up.
Like September 2017 you'll be paying more tomorrow for some time now as this rises back to fair value and then finds new highs on huge increases in oil volume per day and the first Horse Hill production well being commisioned.
Troll, the issue is YOU HAVE DONE NO WORK WHATSOEVER. You are just a paid ramper. There is no justification on this earth for OKOG being a £2bn company either now or anytime in the foreseeable future. What I hate about rampers like you is that you achieve the opposite impact o what you expect. Ridiculous does not tempt anyone. A more sensible post based o the mcap reaching 50-100m would at least be worth reading. It is also attractive because it implies 2-3 times upside from here. But just keep posting with your nauseating side kick Dan Pooh ...here we go BOOM, lol. What a couple of clowns!
swizz soft boy.....it's + 1.08
Yes Skwizzy, it's +1% up at 0.24p and trending up..... you'll be paying more tomorrow :-)
I've no idea what kind of flows should be anticipated for Basur-3, but it's important not to forget that:
1/ Basur-3 is the 1st of a planned 5-well programme;
2/ at the present price of 0.2275p, UKOG's market cap is less than £30m.
Truly remarkable picture as space station has been passing over Basur during the hours of darkness this week. Next pass will be at about 0004 tomorrow morning.
"Buy's flooring in"
-2.15% is just a mirage then.
:'D
Nice info and satellite pictures posted on Twitter.
Looking forward to the official weekly update with on the ground pictures from the company....today ?
Not prepared to do your work for you Sagey..... I'm confident and continue to buy more when I can.....
While we sit well below 20p you can buy at a bargain price.
In a few months people will be saying 'wish I'd bought more and trusted the research' to themselves...... especially the negative nancies!!!
OK Troll. Make a case for this company being worth over £2bn when the current mcap is £30m and we have SS at the wheel? Without SS it would possible be worth 0.5-0.75 (ie under 100m) but sadly he is there and everyone knows he is prone to failure and dilution. Whilst you are at it troll do some research that involves looking at the SP of producing oil companies.
I'm not sure that even long term 2000bopd net to UKOG would justify a valuation of quarter of a billion, but assuming that's correct.
2000bopd net to UKOG requires over 4,500bopd gross production in Turkey with only 50% equity and 12.5% royalty oil.
The geological and producing lookalike E Sadak has never achieved anything like that production even with multiple wells, last September it was less than a tenth of that (and declining), though E Sadak-13 (13!) was being drilled - I'm surprised that UKOG haven't given out any information on the results of the most modern drilling on Resan / Basur's twin, maybe AME won't let them, or will it be a big reveal when drilling begins?
But if Basur-3 is tested and significant initial flows of Basur-3 are published and the SP rockets - remember the HH experience of initial flows, then initial ewt flows, then calculated flows, then initial production flows then silence and then waiting 3 months for the OGA to publish production figures.
TH2,
Not sure anyone doesn't expect a P&D at some stage leading up to the drill, but what you are posting is a long term price prediction without any justification at all.
Maybe in a few more months people will be saying I wish I'd sold when the SP was high - probably quite a few here at the moment thinking that about previous spikes.
Buy's flooring in..Turkish investors.... something's happening.. The "GUSHER...will be gushing soon.. heading for BBBOOOOMMMM TTIIIMMMEEE.
While we sit well below 20p you can buy at a bargain price.
In a few months people will be saying 'wish I'd bought more and trusted the research' to themselves...... especially the negative nancies!!!
Dan Pooh , your posts are beyond ridiculous. You talk 20p +. That relates to a mcap of over £2bn. This company has zero chance of ever being worth 2bn without a miracle and a new CEO!
Getting really exciting now we're getting closer to "GREAT TURKEY SPUD NEWS". It's going to be a "GUSHER" ... Imho. Can't wait till we get to 20p+.
Some balanced posts this morning. Taking a look at what happened at 88e my view FWIW is that post placing and prior to drill results we could see 1-2p. Given the current SP this gives a lot of upside from here of 4 to 8 times. But again , based on UKOG and 88e past results you wouldn't want to be holding when the drill comes in unless you had sliced first. Posters need to get past the sp and look at the shares in issue and the Mcap.
Turkey would need to produce at 2000 bopd to take the SP to 2p imo.
-------------------------
Wasn't expecting you to say that, Ibug!
TH2
Have you been dreaming again. When you wake up are your sheets covered in oil? There are now over 12bn shares in issue. Turkey would need to produce at 2000 bopd to take the SP to 2p imo. 20p is fantasy land but then again that is where you live isn't it.
Sub 0.03p if Turkey goes down the plughole, and with that the company will struggle to continue to operate. HH may have been profitable at an asset level, but it's oil production has fallen considerably, and it is nowhere near enough to cover the overall operating costs of the company.
Hence my view; UKOG will delist then fold within 2 years if Turkey is a failure.