Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
And people wonder why no large oil producers are interested in getting involved in the Weald.... this is why.
Good 'ol British local government.
Seriously, who cares when the rig arrives? Q1, Q2, Q3, Q4?
We all know it's coming, what does it matter when?
Oh, of course..... impatience.
"IMho SS and KM are using ukog as a lifestyle company"
That is patently absurd.
Do you have no concept whatever of the work program currently being carried out? My God.
It's also worth pointing out that it's how UKOG has always funded itself... since long before a lot of people invested here...
It's not like they've only recently started raising funds this way. Anybody investing here should have been well aware of it, if they had bothered to do any research instead of just jumping onboard because they read about UKOG on some "stock tip" website and thought it would be a quick win.
If people don't like companies raising funds to strengthen their asset portfolio, maybe they shouldn't invest in companies that do it.
And he will do when there is something to announce.
Once again... people need to learn patience.
The RNS announcing the £3.5m placing mentions nothing about anything being signed, or anything being pending OGA approval.
No, but they have stated that they are going to once HH is in production... and identified a second drill site location at Dunsfold, again only targeting the Kimmeridge....
Have you conveniently forgotten that Penguins?
Is that your pathetic idea of humour?
I said it was a puddle compared to the Kimmeridge...
I don't really read his twitter feed, too much other crap on there for me, but I just had a look...
Its all very well for him to vent his frustration about only hearing about the Portland, but I think he's forgotten that it was always UKOGs stated objective to get the Portland into full production before the Kimmeridge... they said that years ago! That's why HH2 is only targeting the Portland... the HH1z plan only came along later.
He's right though, in that it's only really the Kimmeridge that LTHs are interested in... the Portland in a mere puddle of oil compared to that! But it's comparatively easy to produce from, so the logic is to get that pumping money into the coffers before going after the real prize!
Trades don't get entered on the market as buys or sells... they're just trades.
Websites like LSE list them as buys or sells for our convenience... but they're rarely correct.
If a trade is dealt below the current mid price, LSE list it as a sell. If it gets dealt above the current mid price it gets listed as a buy... but it doesn't mean that they are actually buys or sells, so it's not really worth focussing on.
Given that they just state "following the planning submission" I don't see how you can say it's overdue... they didn't give any indication as to when it would actually be due, for you to come to that conclusion.
I've said this before... It is extremely unlikely that we'll see a CPR until after the horizontal sidetracks have been drilled and flow tested.
It would make no sense to pay someone to prepare a CPR now, only for it to have to be recalculated after the sidetracks, as they will massively impact the recovery rates etc.
Nothing is being "withheld"
In the RNS it states:
"The well is currently shut in for a 60 hour pressure build up test prior to the scheduled retrieval of down hole pressure gauges. Following the pressure data retrieval and other maintenance over the coming week, Portland test production will resume."
So it's probably equipment for that maintenance that's being delivered... don't get too excited
If they had something specific in mind for the money they raised, you would think it would be logical to announce it before the AGM, rather than after.
But who knows if it was for something specific, or if they just wanted to have extra fund in reserve in case another opportunity came up, without having to dip into the funds allocated for the work program.
Of course, my mistake... on the placing day you could have bought shoes at 1.10... obviously making a vast difference to what you could have purchased! My God.
I see you're yet another winger that has been a holder for 5 minutes and refers to themselves as a long term holder.
Of course we had the opportunity to take advantage of 1.05!
Did someone cut off your internet and phone service when the price was at that point?
There is some pretty clear divergence on the stochastic between the low on the placing day, and the previous low on the 11th March... which is a good sign that a change in direction is coming.
We closed at 1.16 today, which is the highest close since before the placing... another good sign.
There are some pictures on UKOG's Twitter feed Bridgedogg1
Not enough bling for the House of Saud... they'd need to have those big, ornate, gold chairs they like to sit on at the very least!
Suitably plain and grey carpeted for your average Whitehall stooge though ;)