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Grayling, getting too serious for me now. Personally I try to avoid allowing yesterday taking up too much of today's time, preferring to look objectively at the positive possibilities of tomorrow. SS, UU.
If only the SCC was just an IT issue, clearly people there didn't have a clue what to do, PICNIC... problem in chair not in computer! Lots of good, young, intelligent people layed off with COVID, perhaps they might want to step in and help run things.
Grayling
That is a very well thought through post. The intended ventures to IOW and Dunsfold were the sign that all was not as it seemed. It was more a case of finding another target to replace the flop of HH and keeping the punters optimistic of a brave new world.
None of that is to say SCC have been shocking in their so-called democracy. If I had to guess I would think they will want to try re-run the meeting. It would be unheard of but then they could argue exceptional circumstances of IT kit not working. The only problem with that idea is the other applications heard afterwards which might have been non controversial.
That water was contaminated and could cost as much as 20 times the oil price , As you have to get special licensed Hauliers and all sorts of paper work More red tape
Think your misleading or didnt read rns...300 bopd from hh1... hh2 shut in for pressure build up hh2 when flowing suffered water ingress that with low oil price it was costing more to tanker the water away than they were getting in oil from the well
It's not cost effective to separate water from the oil, that is at current Brent oil prices at a higher $ per barrel would or could be a different story!
If only it were the tree hugging vegans and swampies holding this share down! In truth they are a mere side show and distraction from company performance. The real problem is that UKOG produces little or nothing of something, which at the moment very few people actually want. Blame it all on bad timing, protesters, Covid19 etc. etc. etc. but when they admit it costs more to dispose of the water contaminating their oil than they make from selling it methinks the game is up. By the way I hold long term positions in BP and RDSB, so am not immune to the current ills of investing in fossil fuels. By way of a hedge I also hold UKW.
Shame, Grayling, but it's the leather; I was going to install an hydrogen fueled engine, courtesy of Loxley, but the tree hugging vegans would be scratching rude words on the paintwork, which itself contains derivatives from oil. SS, UU.
Immaculate, royal blue with tan leather interior and the salesman behind the wheel exudes confidence and a casual air of bonhomie!
Troll, still trying to mislead people. What the hell has the chart of 2017 got to do with today other than provide a salutory lesson for folks of how people were mislead by SS / BOD then and how that turned out. There are no economics for a higher share price currently. This board fixates with the planning status of Loxley when the most useful thing it could do is engender support for an EGM to remove the board for non delivery over years! How many failures can they get away with? An honorable CEO would have walked. No chance for SS to do that as long as he can keep his snout in the trough. To me that is the only hope for UKOG, a new board.
Grayling, what's the bodywork like?
Why do people get so fixated one one aim share like this? There is a whole world of investing opportunity out there and you could have made more money swing trading BP over the past couple of months that you have holding UKOG for the past 12! Is it just the lottery phenomenon where sheer greed takes over hoping to turn a single investment from thousands to millions of £'s? Like most things in life, if it sounds too good to be true it most probably is a bad un, a bit like the Roller for £1K which although nice and shiny in the pictures turns out to have no engine or brakes.
Lots of troll activity today to create LSE traffic...... happily ignoring and waiting for Loxley planning turnover and HH development news now....... all playing out this summer.....
Good luck genuine investors...... look at 2017 chart for a picture of where this will go this year........ ££££££££££
Spot on Profit00. Could it get any worse? Yes, the laybye - how could we forget that one!! LOL
Agreed, Mirasol.
Personally, was hoping to see about 800 bopd, from HH-1 (Portland + Kimmeridge) and HH-2z, having already reduced my expectations for HH-2z.
The cash flow required to finance the development of their assets is no longer there.
Mirasol
There is no HH-1Z. HH-1 was all you got.
Everyone seems focused on the shambolic Planning Meeting - which is a medium term effect. Not many people discussing the shortfall in expectations for the HH2z well which was supposed to become the main producer. Right now they're just about staying afloat on 300+ bopd - if they can get dual flow from hh1z maybe they'll reach 450 bopd - that's a long way from the 1500 we were all hoping for by now. Cash flow for the year is looking a bit sick as well