Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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UKOG is now moving into production.
DOR has 4% of hhdl, with no doubt some production/exploration costs to pay.
BUT it is now back on track. pennies MAY become pounds ...…... fingers crossed.
Not having any more of my money. Surely nobody left to invest in this. Does this signal the end then? GLA
Good advice ... if you ever hear DL in relation to anything, run .... run far and fast.
well someones got to pay for DL's mooring costs, looks like he has also messed up with LGC/ELXR or whatever he is calling it today.
LOL ANOTHER DL stroke of genius by the BOD ! ATB ff
https://www.asx.com.au/asxpdf/20200221/pdf/44f9wbmtbn52t1.pdf
This has been the biggest joke on AIM.
Board just ****ed our money up the wall and had a good laugh at our expense.
Why? Got to be bad news! ATB ff
Interesting news on DOR today..
great news for whoever sees a benefit. Being invested here heavily. I still cant even see a glimpse of recovery ... its a Mickey Mouse company.
FWIW 24/12/2019 Doriemus RNS they still own 4% HHDL
https://www.asx.com.au/asxpdf/20191224/pdf/44cvxpp5k6kv9m.pdf
Well, about 6 years ago I invested heavily in Lithium, REM at the time, now known as KDNC.
Another DL disaster, who had his gout fingers in that one too.
Coming back to your point, I still think we have some time to go and until then, oil is going to play a factor.
Even if the car market moves the majority to EV, aircrafts, ships and rockets are a long way away from that.
Equally, oil is used in so many products that they cant eliminate production entirely. Even the EV needs tyres, some lubrication and asphalt on the road.
What are your thoughts on the now massive snowball heading our way labelled as renewables and climate change initiatives?
About 5 years ago.. there seemed to be a hell of a lot LESS urgency for electric cars and renewable energy.
It's no secret that oil has taken a massive hit over the years. Yes all cars will still need lubrication but that doesn't compare how much petrol the automotive industry needs.
Let's not forget PLASTICS are also now being totally replaced with organic based material which takes moments to decompose and saves our oceans - less and less oil being used.
All of the above I support!! BUT - I feel like being invested in any oil exploration business is... well.. bad for business a the moment. Unless there is more use for oil down the line that doesn't come up at odds with humanities survival.
Are these points a touch too naive?
Where's the hope in the oil industry as a whole?
Where can Doriemus extract value from, in a market like this(ideas are better than complaints)?
In the same boat really. sent the man an email ages ago.. tried to follow up as well. ...Nada.
I wonder if he's given up on chasing these people.
Have contacted him, but had no response ....
Dor flogged its share of HH to ukog
SO I bought this when it was on AIM going for around 0.22p a share. Looking at my holdings sitting on about £27200 paper loss if I sold. It hurts big time.
Are we really just waiting for the lights to be switched off? I mean still owning 4% of HH. Brockham is essentially a duster...
Anyone with any sort of idea of how this could be turned around - without making any crazy assumptions?
Cheers
David
thank you for this ..... just wound the site and will get in touch.
Lucky them ... wont be many. But there are many that remain to sit on big number losses.
Investors in August have now more than doubled their money.
:)
today. Almost a 1 bagger if you bought in late August.
amazing .... just another 800% required ;o))))
rise today.
We live in hope , read this on Asx early this morning and couldn’t help thinking , what a great investment I’ve made for my great great great great grandchildren and I’m only 21 lol , gla been holding here for a while now in desperation more than hope I think .
For what it’s worth there is a positive rns from Ukog today.
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that operations for the new Horse Hill-2/2z ("HH-2/2z") Portland horizontal well, in which the Company has an 85.635% controlling interest, have commenced. The start of physical drilling operations or "spud" is expected shortly following completion of the rig-up process and will be reported in due course.
Drilling will commence with the HH-2 vertical pilot programme and will be followed directly by the horizontal well section, HH-2z, with a planned trajectory of around 1000m wholly within the Portland reservoir. Drilling operations are expected to be completed in approximately 60 days. The HH-2z horizontal will then be tested using a bespoke downhole electric pump, or ESP.
Immediately prior to rig arrival, test production from the HH-1 Kimmeridge oil pool was temporarily shut-in to permit a safe rig-up process and will be resumed prior to the pilot hole spud. Kimmeridge test production is planned to continue throughout the drilling campaign.
Before the current shut-in, Kimmeridge test production totalled 39,205 barrels ("bbl") of dry Brent quality crude, with average daily rates of up to 307 bbl of oil per day recorded following the resumption of production on 12 September 2019. Total aggregate Portland and Kimmeridge test production now stands at over 68,773 bbl.
Following UKOG's recent acquisition of Tellurian's 35% interest in Horse Hill, the Company now holds a controlling 85.635% interest in the field and surrounding highly prospective PEDL137 and PEDL246 licences, which continue to be operated by UKOG's subsidiary company, Horse Hill Developments Ltd, in which UKOG holds a 77.9% direct controlling interest.
Stephen Sanderson, UKOG's Chief Executive, commented:
"The journey to long-term oil production at Horse Hill has now begun. We look forward to a safe and successful drilling campaign at our flagship asset."