Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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.
Just a little post for the grammar police, Chris Dawson can’t read or write. However, that doesn’t stop the billionaire founder of The Range from communicating with his army of employees – he simply subjects them to phone calls at dawn. Dawson left school with no qualifications: “Dyslexic is a polite way of putting it.
Ibug
Is that all you can pick on??? A bit of miss spelling.
What a ****-r you are.
Ps. As you cant see what is in the middle of the liner all good oil companies will still run cleaning tools just to be sure.
At least freeasabird made an effort with his ramping. It was original unlike your very poor efforts.
"The noise I heard at horse hill was very simular to the noise on this youtube video.
Hope this link works. https://youtu.be/coogZwPpm1U
From the noise I was hearing from site today I think they maybe flow testing..There is no sign of a rig but I think I read a while back Shclumberge (sorry about the spelling) supply a bit of kit that negates the use of a rig to flow test..There also apears to be a large grey building I have not seen before .Now the leaves have fallen from the trees in the wood I can just see it.
I've invested my shirt on this striking lots of oil."
The large grey building was the container covering the well!
Pboo,
Interesting they would risk running a mill down 2,500ft of slotted liner 'just in case' - they really should minimise any risk of anything getting stuck in the horizontal as a redrill would be an expensive option - though what they would have been rotating down the hole yesterday is a mystery. If they were milling they would need to be circulating but someone said the mud tanks had left, but maybe they hadn't.
Argus,
at least you have begrudgingly mentioned that UKOG's share of Horndean is 10% and not just an unspecified 'share of' as some might assume, given the importance you seem to attach to it, that it's a significant share.
As for your figures I prefer to use as a guide the numbers in the UKOG(GB) Ltd. accounts (ie not guessing) for the year ended 30 September 2018. These are revenue £227,000 and cost of sales £97,000 (43%) leaving a net £130,000. The average Brent OP 2017-2018 accounting period was higher than it was during the 2018-2019 accounts year, and certainly higher than now - and production levels have also dropped since 2018 (OGA dashboard) so I think it's reasonable to expect less than £10,000 a month net to UKOG.
OK so the cost of drilling and ewt of HH-2z is ring fenced, that should take some pressure off (!) - but other costs will have continued so the new loan will have been eroded by the continued testing and other company costs. We will see if the optional YA loan is triggered.
Scallywag,
I've noticed that the pump has been going at about 8 cycles a minute for quite a while (and it isn't a figment of my imagination) - it's apparent that there is no direct relationship between pump rate and production rate for the Kimmeridge.
The only facts we have for production are figures that are irregularly put in RNS - and we don't know how many days actual production they represent, although the pump seems to be running constantly and the averages seem to be less and less.
Penguins
Seriously what is your problem,you seem to know a lot about ukog, although you bend the truth a lot,but you are not invested so why are you here, don't lie again and say you are invested, you are just some sad individual whos life is so boring you come on here for no reason at all
Leewayne, good luck trying to get a straight answer. Penguins lurks in the shadows, waiting for someone to post a comma out of place. He clearly reads every post on here and spends a shed load of time thumbing through rns's, applications and accounts and posts hundreds of negatively slanted comments. Either bored with nothing else to do (bless him), or an intentional disruptor. The latter for me. GL.
Penguins = tidswell
Why?
Very knowledgeable about O&G and 100% negative.
He must have a big gripe with the company (no-one would spend as much time & effort on something they don't believe in)
Also, too knowledgeable to be a "City Slicker" as they have fingers in many pies, not just one.
Just wish he would lighten up and give us some positives, but fear this is too much to ask for.
Leewayne,
You seem to wait, like a few others, for me to post and then make unsubstantiated and factually incorrect claims about me.
Obviously you would prefer no one asks questions, challenges misleading statements or points out inconsistencies between RNS.
You may not understand why as a shareholder I post but surely If you disagree with what I post you should respond with reasoning to refute my views - like Argus did earlier, or filter me if you can't - but don't go around making claims you can't possibly back up - when I say I hold UKOG shares I am telling the truth and that's why I make sure I know as much as possible about UKOG - perhaps if more did as I do there would be less dismay when the SP doesn't react with the same enthusiasm as certain tweeters and posters.
Oakleak
I do read a lot of posts, all the RNS and lots of other stuff and lead a very full life which is why I might not reply for a while - maybe I read and write faster than you. Look at my posting history - I've posted on about 14 days in the last month, about the same as you. Disruptive - only to some who don't like anyone posting who doesn't follow their mantra of every RNS is good (see above re dismay) - and then it's the MMs etc. that stops the SP rising, never the RNS.
Bladehater,
don't be silly - Tidswell was a driller - I'm insulted, anyway according to PCS I'm Ruth (also insulted) and have been accused of being a shorter or even an MM - all wrong. As for positives. I'm on record posting that the SP - if the ewt of the Portland is in the range SS has suggested - should be higher even up to 3.8p but depends on shares in issue, the ewt and more importantly the CPR.
Penguins, if you do hold shares, what prompted you to buy them? I think I may have asked you this in the past, sorry if I missed your reply but I cannot relate your posting history to someone who holds shares. I'm sure you can see where I'm coming from and how I've formed my opinion as to your motives on here. For the record, a good chunk of what you post is rational, just completed unbalanced.