Roundtable Discussion; The Future of Mineral Sands. 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.
Rerate well and truly under way
Sam12345 - UKOG up to 600m volume already, yesterday a record at 1.7BN. Totally viable that this will heading towards 0.40 tomorrow as MOMENTUM is building
'I’d describe it as outstanding as the big well under flow test could bring outstanding results!!!'
The main word to focus on in this description is 'could'
Nothing certain in O&G
A few notes on assets:
Horse Hill : 25 years production approved by Surrey County Council and the OGA. 3,500 bopd allowance. 2 wells drilled, planning for a further 4 granted, plus an injector well to help increase the recovery rates. Sure, they may not produce 3,500 bopd, but I have high expectations of very good flow rates.
Isle of Wight : Supposedly several times larger than Horse Hill with regards to the Portland play there. There are other layers that merit evaluation.
Dunsfold : Supposedly a large Gas play with 56 bcf in the Portland. UKOG will receive approval from SCC on Monday to undertake an EWT there to assess the Portland (GAS + Oil) and Kimmeridge. This location is in the so-called sweet spot of the Weald, if so, then the maturity of the play could deliver some nice results.
A24 / Broadford Bridge / Horndean : All further assets.
Horndean already producing and giving UKOG 10% of whatever is produced (as iGas operate the site), I think it was reported at 133 bopd, with UKOG taking 13.3 bopd which equates to roughly $210k p.a.). That is a very small cherry on the top of one huge pie.
BUT, the kicker is, the sites are just that, they are sites, UKOG owns large % of the PEDL's. This allows them to develop further sites in the future. If they get the ball rolling with HorseHill, then the cash flow will fund the future development of other sites. And so, on that note. 3,500 bopd would provide gross income of $54 million per annum. You can do your own research and sums on costs and the likely P&L.
Reminds me of 2017, when UKOG had reached 10p...it seems now its very positive this week and coming months
Multiple Wytch farms I think is the phrase used !!!
Wytch Farm just south was a slow start......then Boom!
I’d describe it as outstanding as the big well under flow test could bring outstanding results!!!
A small long term well and 1 big well under flow test. Wouldn't describe that as excellent!
I've done some research on UJO, but until they actually deliver something, then the investment case is pretty weak. I see that they did some work at West Newton last year, but that was suspended in August 2019 and despite saying it was huge, they have yet to do anything further at the site, in fact all kit there was removed and its an empty field from what I hear. But this is about UKOG, not UJO. UKOG have some excellent assets and have been long overdue a re-rate.
Onwards and upwards!
Constant rampers on UJO! Real oil here!
It's the kind of stock that can double in a day - it doesn't make it easy to play!
Chart for any one interested in the techs https://twitter.com/Jarvy55/status/1275338771337265152?s=20
mattcarter
That was BWM aka Pijoe aka Peter Bailey.
Swampy & always lied about UKOG & wrong as ever. Just another eggcup idiot.
Looking at the chart I would say 1.2p is achievable here, probably take a few weeks to get there.
But the Trolls said this would go to 0.1p and the company would shut down. Well, what a surprise, the CLN arrangement was ditched, the £2.1m placing must have been eaten up by some big boys (II's, as retail PI's couldnt subscribe) and now we have the valuation marching up. My fair value assessment is 1.9p and that is adding minimal value to the Isle of WIght, Broadford Bridge and Dunsfold assets.
Nickel what’s your target here now I didn’t expect 0.30p hit so soon!!
LOL!! The reason we were brought down to 0.20 in the first place was because of the placing and oil crash. oil is now $43 and was $17 but our price hasn't moved for months. Its now going up to where it should be IMO. If there's good news soon expect a rocket.
Jrogan on twitter #ukog reports 2 oil tankers already in and out of site
I am
Damm...spoke to soon.
Got .3 Buys now.
Shouldn’t get a Rns for no reason ,it’s only correcting the sudden downtrend recently .
They need to announce some sort of news surely.
Hopefully the tide has turned at last. Personally I would like to see a steady rise not a spike as these tend not to last. Back up to around 1p then start dropping some good news.
It's hard to hold, I'm not taking my profits yet.
Holding for the penny.