Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Is it just me or the do the eyes aroudn the site always go quiet just before big news? No photo posts this morning from them.
"s it just me or the do the eyes aroudn the site always go quiet just before big news? No photo posts this morning from them."
Its 3C and sleeting there this morning - I reckon they're tucked up in bed and very wise too................
Mirasol,
Yes, we go quiet, do you have an issue with that. With all your support to date, I don't!
This eye is back in Somerset but I can tell you that the site is very busy.
"Yes, we go quiet, do you have an issue with that"
None whatsoever rogan - I've always been a great supporter of the eyes - check my previous posts.
We're very lucky to have people who are not only willing to go to some serious discomfort to watch the site but also to post their results for all to see. It's not something I fancy - too soft I'm afraid - but I wish we had the same for every onshore O&G share I've invested in over the years
Keep up the good work!
That's a poorly-researched piece, seadoc.
Where did 13p come from? The intra-day high, back in 2017, was 11p, as so many other posters have already said on this board.
Over £1.00 back in 2005, before dilution became fashionable.
:)
Skwizz are you still optimistic about the long term potential of UKOG?
Could be back over 1p today with a good RNS
Yes definitely! The drop is to help the shorts get out without losing more money.
Will be 2/3p very soon ;)
Just tried to purchase £1,500 worth but could not get an auto quote?
As I have pointed out several times "2/3p" is 0.6667p. Joey is of course trying to muddy the water.
Bridgedogg - I wouldn't say I'm optimistic, more flexible.
I do think there's a good chance things could go well, in which case the SP should react more positively than we've seen for a while.
There's absolutely no point in picking a prediction out of the air, without associating it to a time value as well.
1.2p; 2p; 3p; 4p; 10p; 20p; £1.00, sure. Why not?
I'd be delighted to see 4p by the end of the year, as some predict.
No idea whether that's achievable though and I tend to believe it's not (in our current situation, and without a significant change in deliverables).
But I am also not inspired by the way the board has had to achieve funding.
By having to issue shares in the way they have shows that normal lenders won't touch us.
Which is a worry.
If there's any more share-based type loans, that would kill it (for me).
In fact, SS keeps saying that there's gold in them thar hills.
If there's actually anything there, let's see it, sell it, and get any more funds needed from that.
:)
Skwizz
"If there's actually anything there, let's see it, sell it, and get any more funds needed from that"
That`s exactly how SS said it will pan out.
No need for the diluting for shareholders if he produces the volumes expected. It was in a video somewhere.
skwizz
Two variables in increased delivery are how many BOPD HH2 will flow with the water fix.
The production licences for HH1 & 2 is the other which is all a matter of time.
A updated CPR will also add value as it will provide NAV which will aid reserve based lending.
The reason for this is that current oil production is only allowed to cover EWT costs under OGA rules.
Posters like Penguins like to spout that HH1 could not possibly produce more than 200 BOPD but this as I stated to him many times is not my opinion never mind the dual completion of HH1 to flow from the Portland & the Kimmeridge.
"The reason for this is that current oil production is only allowed to cover EWT costs under OGA rules."
Including Haliburton costs? Gives us some breathing room.
Interesting Wizard
Can you quote the OGA rule that limits production to the cost of the ewt, once you've done that maybe you can explain how you know how much the ewt is costing and finally can you show a post where I have said HH-1 wont produce more than 200bopd.
They don't need a production licence, they need FDP approval, but youre right they do need a CPR.
I wouldn't worry too much. They haven't even reached 10% of what the OGA allowed yet. It is a figure applied for and then agreed between both parties. "The OGA may also carry out a financial capability check prior to issuing an EWT Consent"
HH1 initial limit was 5000 tonnes and has been increased by the OGA many times.
410 tanker loads have left the site so approx 10,000 tonnes to date.
HH2 from what I remember has an initial limit was 8000 tonnes.
MMs really don’t want 0.65p to go
Good support at 0.70 ;)
Pboo, 410 tankers, 10,000 tonnes of oil to date from HH1.
For our trolls, any idea his many eggcups that is?
About the same amount as there is shares!!!! :@)
Deanhopeful, more than the less than one, that the troll's boss publicly stated, and has looked a total fool since and is a reason he has had so many of his salad washers continually deramping here.