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:-)
Weren't we saying that there were 2 trucks per day until recently?
That was deemed to be regular full loads of 440 bopd (220 each).
500 isn't much of a ramp.
Just sounds like more of a kind of surrender.
:)
Sentiment will soon change once the oil starts gushing. Bring it on. Ukog United
No not much of a ramp.
But I think we safely expect HH-1 to be somewhere between 500bopd and 1000bopd once HH-1 is finally put in production this summer.
The company seems currently valued on less than one tanker a day.
So just on HH-1 going into production in the coming weeks we should see a good step up here.
Back to work for me..... earning more money to invest :-)
GLA.
Enough of this UKOG UNITED rubbish thank you. We are NOT United. I have lost so much money on paper over the years in a company where the CEO won't risk a penny of his own money on his own company shares. I have no choice but to stay until the bitter end, as my investment is now so low. I also miss, the train is leaving the station, wouldn't want to be out of this over the weekend etc. Obviously,people of little intellect! Feel better now.
Such bitterness from those who can't take responsibility for their own decisions. Grow some.
SS cannot be held responsible for COVID, nor the OPEC countries having a spat with the US. The SP would be much healthier without both of those, and the opportunity for bunker boys and swampies to put the boot in while a company is down. People of little intellect follow the baying mob, roused by manipulative forces with agendas.
Some still have faith that despite setbacks the oil is still down there, and the optimum extraction method will be found. BB was always in the plan to return, with lessons learned. Increased production from the vertical at Horsehill is imminent, there is money in the bank, and a vertical at BB would not surprise me as a next move to increase revenue. I'm sure SS is used to changing tactics as the game unfolds, he is military.
Feel free to get off the train if you don't think it will get any better - otherwise you are dumber than you sound.
Phil that is total rubbish what you just posted. If oil was at 50 or 70 dollars a barrel this wouldn’t go up because any person with a brain doesn’t trust SS and his cronies. All we have to look forward to is mass dilution to drill another failed well and pay the top overpaid man more money.
You don’t have the right to tell people to get off the train that is parked in the sidings so jog along with your opinion and go hang with the rampo crew that has mainly gone awol.
"SS cannot be held responsible for COVID, nor the OPEC countries having a spat with the US. The SP would be much healthier without both of those."
Wrong - the problems that have crater the price are :-
1. remorseless dilution going on month after month
2. Lack of an y positive news about HH2z (which was supposed to flow at a minimum of 3x HH1 remember)
3. lack of any news onteh Kimmeridge
4. No communication about forecast production of long term plans
5. No CPR
6. No director buy-in
"you have no right ... so jog on"!!!
Stupid don't know it's stupid.
TH - 1000 would be better.
Might even be enough to stabilise the SP.
:)
We should not forget that outside of the Wytch Farm Field, HH-1 is currently the UK onshore's most productive well. (RNS of 30/06)
"We should not forget that outside of the Wytch Farm Field, HH-1 is currently the UK onshore's most productive well. (RNS of 30/06)"
Which is exactly why no decent oil company is interested in the Onshore UK (other than Wytch Farm) - it's all small or very small fields many of which have technical issues. They've been drilling wells for 70+ years an only found one big oil field - and a small /medium one at Welton back 35 years ago.
And so UKOG assets are amazing since the Weald UKOG Licences are measured to be several Wytch farms once they get the configuration right.
The Isle of Wight even bigger again.
UKOG is on a black gold mine.
But they are still small with limited resources to bring those assets to comerciality quickly.
They are getting their though and once the first production well(s) are configured this summer everything should start to scale up more quickly.
Nice weekend all......follow your dreams..... not trolls :-)