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I would hope you will be gracious enough to acknowledge that Wressle is a hugely successful find , as I believe it to be , when the Gaffney Cline report gets published.
I am not fretting I am genuinely interested.
Clearly you are a clever an experienced man in oil gas an the finance side
I do not dispute that
That’s for me to know and you to fret about!
Was your asset successful that you used Gaffney Cline for ?
Thank you for your reply.
“Where do you see oil price 2023/2024 ?“
To be frank just look at the forward curve.
Trying to play a guessing game is a pointless waste of time.
Companies get valued by the markets expectation for forward pricing (forward curve) , companies buying or selling have their own internal forecasts, usually longer term and is often below the curve.
Just because some analyst or some bank says $x or $y is utterly irrelevant in the valuation of real oil and gas assets.
Telling everyone you think it’s going to be $150/200/300 is like p!ssing in the wind, your guess is irrelevant to what UJOs shareprice is or will be (use the published profile of independently proven oil and gas reserves and apply a forward curve and a discount factor and apply a delivery risk factor specific to the assets)
That’s your first lesson for today on how oil and gas valuation is done by the professionals (and I don’t mean analysts who don’t want to p!ss off their clients)
Do you hold UJO shares ?
I hope you say no.
Heid
How many times do I have to tell you, I do not hold any UKOG shares and have not done so for nearly 3 years.
No I did not say early 2024 !
I believe gas to grid will be beginning of 2023.
Dont take your UKOG disappointment out on me young Pboo.
So Heid is now agreeing gas to grid is possible late 2023 or early 2024 which is what most people have been saying.
So roughly the same time as the gas to grid at Wressle.
That's not long to wait.
Of course I remember.
December is Christmas. January is getting over Christmas. February is my birthday...so March will do me fine.
Life is precious persimmon.
Do not wish it away.
Neither is January 2023 and the £1 promise, remember?
So roughly the same time as the gas to grid at Wressle.
That's not long to wait.
RBD's Investor Statement including West Newton......Completely underwhelming.
West Newton first drill expected H! 2023 which usually means H2 2023 so in reality after June 2023 but before January 2024..
RNSTranslator.
Please can I ask you a question.
Where do you see oil price 2023/2024 ?
Thank you.
And that “three days of storage” takes far longer than 3 days to produce…
"we can shutdown these interconnectors to preserve resources in the UK"
yeah sure - we have THREE days worth of storage in the UK due to past govts incompetence
So much of this is tedious.
She picked Davide.
Stunner just like our Dave
I can sleep well now.
Love Island on...
Dunno who Ecun-Sue will choose....
Point of my post was I called this coming....now look where we are !
Heid
"I predict blackout outages by 22/2/22"
You need to sack your writer :)
We remain a part of the continent of Europe and still trade energy daily with other European countries via the electricity and gas interconnectors. In the event of an emergency we can shutdown these interconnectors to preserve resources in the UK (The UK will stress test its emergency gas shortage plan in September). I would like to think that given the Ukraine/Russian conflict, that we would choose to work together with our neighbours to resolve the situation rather than shut ourselves off.
The situation may require similar actions as to those taken in 1942/3, when over 100 wells were drilled in Sherwood Forest within 12 months to provide oil for the war effort. Assets such as Wressle, Biscathorpe, West Newton etc. would then become sites of national importance for energy security.
Heid @Heid_oil 14 th Sep 2021 :
14 Sep 2021
#UJO #RBD West Newton will become of National Importance to the UK for energy security.
I predict blackout outages by 22/2/22
Read my thoughts why :
https://twitter.com/Heid_oil/status/1437860509018206208?s=20&t=Df_srU9wG4MreYMFMzjZ0A
-----------------------------------------------
And at a time when the UK should be in harmony with Europe given the war against Putin, is it a good idea for the EU to 'do one', persimmon an make further tensions ? No.
I say blackouts are coming.
"Who knows what situation we could be in by October/November of this year, but it’s looking ever more likely in Europe that shouts of ‘drill baby drill’ will replace calls for net zero".
But we are not in the EU thank God, so they can do one as far as I am concerned.