Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
On 23rd Dec, they said it was running on average 1087, with 60% of that being oil. If they have stopped the water, once this cleans up who's to say it wont flow this as oil. Too many people jumping to conclusions, its the initial results. Its now dry oil, roll on clean up and a proper test. Then start quoting figures
As frustrating as it is, to me this looks like UKOG are going to end up buying out the other partner. Its virtually in black and white. Sit tight. There always was going to be more placing's, everyone knew that if you'd done your research.
Short term i.e Christmas I cant see anything above 2.5p, more realistic 1.6-2p max. Too many variables. For me this time next year is when you'll start to see real value. When they have some proper investors in, they're on the 4th or 5th well being drilled, they've got Dunsfold Planning sorted, re visited BB and sorted out their mistakes, and also not forgetting IOW.
Oil = Money. Forget anything else. Ramping/De-ramping/YA offloading ect ect UKOG are producing and by the looks of things on the cusp of more oil. At some point you will blink and the share price on this will fly. Its only a matter of when.
SS in march: There allot more here than initially thought keep quiet lets raise money and buy more of the weld. June, July, Aug SS : lets put them off the scent and delay the planning and rig. SS August: We've bought more lets get now focus on planning and rig contract. SS Sept planning smashed, now let get drilling and slowly start revelling what is actually here. SS today Lets let the market know there more liquid £££££ here. Christmas lets smash production out there and make everyone happy, Then well start on our other assets !!
All IMO of course.
Total HH-1 Kimmeridge test production now stands at over 41,800 barrels ("bbl") of light, sweet 40° API crude, pushing combined total aggregate Portland and Kimmeridge production to over 71,368 bbl. No discernible Kimmeridge formation water has yet been recovered to surface.
NO WATER !!!!!
Following a planned extensive HH-2z production flow-testing campaign, both HH-2z Portland and the HH-1 Kimmeridge well are expected to be put into long term production by the end of 2019.
END OF YEAR PRODUCTION. The clues are everywhere in these statements. SS has ramped up his coms, and he keeps dangling little bits of information. Game changer whoever is in this by Jan
People are being cautious. You have had the people in that are willing to risk since last week when price was 1.05. It always will have a ceiling price before moving forward again. Its not going to just keep rising without reaching targets.