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54,000 Barrels of Oil is circa 245 trucks if we use 220 BoO per truck.

Is that right? I only thought we'd recently passed 100 trucks?

Any idea if the limit was officially raised to another figure? I'm struggling to find anything in black and white.

Right so having done some googling I've figured out that 1000kg (1 metric tonne) of oil equates to 7.33 barrels.

5300 x 7.33 = 38,849 barrels.

Anyone have a reasonably accurate figure of where we're at today with barrels of oils produced?

On the 14th June 2018 the OGA gave permission to extend the EWT at HH up to a maximum of 5300 tonnes of oil.

https://www.whatdotheyknow.com/request/513050/response/1260646/attach/html/9/ogaewtcons.pdf.html

How close are we to that number?

How many tonnes per tanker?

My statement was a little on the simplistic side. But fundamentally there's no point UKOG producing a CPR until it's reasonably further along in it's drilling and permissions.

After all the purpose of a CPR for UKOG is to raise traditional debt based finance based on recoverable oil as opposed to listing lots of "undeveloped probable". Whilst at the same time producing oil form wells to pay down that traditional debt based finance.

Of course at that stage Institutions may or may not be interested as well as other parties that are interested in cold hard production numbers .

Until all those things are in place the spectre of potential further placings always exists. UKOG is at the whim of too many things outside of it's control to be anything more than vague with timescales, the most obvious being planning permissions.

Sanderson discussed it here from 6:15 onwards.

https://www.youtube.com/watch?v=e59gHeiAHec

I feel there's a lot of delusion here about how quickly this is all going to happen.

I'm underwater with a 2.17p average, a lot better than many I imagine. If there's a spike back to that level I fully intend to get out (then re visit when it's a bit further along). I just have a feeling this could drag on longer then we think.

Heid, how many times does it need explaining to you? There's no point producing a CPR until planning permission has been fully granted and all wells drilled for as many sites as possible. Sanderson even explained this in detail in his last presentation which I know you watched.

Only recoverable oil in operational drilled fields with full PP can be included in a CPR.

Are you choosing to ignore this information or just not understanding the principal of it?

We're not going to see a CPR this year.

I'm just glad the "Uncle" nonsense has stopped. Angry de ramp swing trader Heid is actually starting to sound like an adult.

https://www.youtube.com/watch?v=e59gHeiAHec

6:15 onwards - explanation of why there's no point producing a CPR until they are in a position to maximise recoverable reserves.

I assume you watched the latest video presentation produced which clearly explained why there was no point in producing a CPR now Heid?

A CPR can only include OIP that is actually recoverable in so much as a well has been drilled and the company has tested a flow rate and are able to claim there is a reservoir willing to give up "X" number of barrels of oil in it's lifetime at a specific bopd rate.

What use would it be producing a CPR now on a test site? They'd only be able to state what they are currently pulling out of the ground at circa 200 bopd.

IGas have been sucking oil out of Surrey for years. None of this is new.

https://drillordrop.com/2016/03/30/go-ahead-for-15-years-of-gas-and-oil-production-at-igas-site-in-surrey/

I lived in Bletchingley for over a decade and I'm friendly with one of King family who own the farm on Tilburstow Hill Road and lease the site to iGas.

The 400bopd that's sucked out of that well is limited by the number of tanker movements allowed by SCC as far as I understand. I'm not entirely sure what the real flow is there if were allowed to flow unchecked.

I had a warehouse on Gatwick Business Park, Kennel Lane for a number of years. It was surprising how quiet it was. That's right opposite the Fairalls builders merchants a few hundred yards from the pub.

It was only in certain weather conditions with very low cloud that you could hear the take off and landing.

The areas around HH particularly to the North and West is a very nice part of the world to live.

https://www.youtube.com/watch?v=e59gHeiAHec

1:50 onwards cash position explained in full "currently we have just under £8 million"

Reasons to delay the CPR are addressed in the following interview today:-

https://www.youtube.com/watch?v=e59gHeiAHec

https://www.youtube.com/watch?time_continue=172&v=e59gHeiAHec

I dunno, the whole thing feels pretty stale to me at the moment.

As I understand the EWT it was subject to a maximum limit of recovered oil by weight. This weight amounted to circa 230 tankers I think (please someone correct me if I'm wrong).

So by virtue of the fact we've recently passed 200 tankers, the EWT will come to a natural end in the near future which will likely coincide with the drilling commencing.

I'm still stuck in this share (2.17p average), no where near as bad as many.

The Fool article asked many questions that I (and many others) would like answers to. It's not deramping, it was reasonably accurate in my mind.

It looks to me like they are trying to run before they can walk. What exactly was the 3.5M placing for and why are all the current PI LTH's not offered a piece of the placing graving train? Who are the II's that get the cream every time we want to print more shares?

Where is the CPR and when are we likely to see it?

These are reasonable questions to ask about UKOG if you are assessing it as potential investment.

If you're already in it's just getting irritating that we appear to getting more questions than answers.

I wonder when I'll see my money back? (2.17p) Or indeed if I ever will?

Surely the CPR would be considered market sensitive information.

If it existed and was being withheld then there is a serious a serious breach of regulations taking place.

The other logical explanation is it hasn't been completed yet and the data from the EWT is being used to provide a more accurate or detailed finding.

It's a reasonable question to be asked at the upcoming AGM.

Maybe someone who will attend would like to add that to their ever growing list of investor appeasing questions?

Wonder where he got that from eh?