Member Info for BigBear2

Block dumping going on.

At least it’s done or will be submitted on Wednesday. The real question is whey they did not submit this request soon after the 7 day test and have been ready to go straight after Brockham.
Irritating but when they get round to the test should see a decent recovery

Only bod can answer that
Everyone knows the asset is excellent
However when u ain’t got a pot to p9ss in you take what u can get.
If they retained say 25 percent for a fully carry on appraisal of Darwin I would say that’s a result

All tine low was 1p a while back when Ii dumped.
Nothing doing at present so all down to mms

It’s a fair gamble at this price I would say.
I have a few nothing heavy sub 2p

IMHO 2 scenarios here for BOR to succeed

1 they recapitalise the company and essentially wipe out holders - I think an appraisal drill would cost min £50 mill as it’s deepwater. That would mean something like 5 billion shares in issue and then consolidate

Option 2 they farm out Darwin where they pay nil cost and retain something like 20 percent

Nothing apart from Bod dinosaurs that have been trying to get a farm out for years and failed
Suitors simply waiting for them to run out of cash I n couple of years then take acerage for nowt

As per RNS govt refused to help

Apols GKP

The problem is are we going to see a gap type situation whereby equity holders are wiped and then later down line company thrives

Jeez world class asset and out government can’t be arsed to help out.
Here’s a clue stop the brexit marketing campaigns and fund this

Mkt needs to see decent flow rates circa 1000 bopd to get the hype back in HH

I posted this yesterday but I think people have missed the significance. Yesterday Surrey CC granted UKOG permission to use water injection to optimise production at the Portland.
Angus have stated that production at the Portland at Brockham is possible but requires water injection.
I would expect Lucan to be prioritising this ASAP.
Brockham currently valued at nil by the market we start pumping 300 bopd and things change very quickly...

So no reason why we now can’t produce from the Portland at Brockham

Planning Consent Summary

The planning consent gives permission to produce oil over a period of 25 years at up to 3,500 barrels of oil per day from a total of six wells within the Portland and Kimmeridge oil pools, including the existing Horse Hill-1 ("HH-1") and the forthcoming HH-2/2z horizontal well. Consent also includes permission to drill one water reinjection well to help maximise oil recovery. All existing and future wells will be drilled from within the existing 20 x 15 metre concrete pad. No further drilling sites beyond Horse Hill are required.

Looks like Balcombe app imminent and as promised they are doing all the legwork with the parish/council.
This will be a very different beast when testing starts at Balcombe.

Re Balcombe it would be nice to hear they have been working with the council as promised to expedite the process

IMHO a cracking result would be stabilised rates at 1000 bopd.
In short the BOD need to show investors they are not total fek wits and actually know what they are doing.
It’s worth remembering that it was ANGS not UKOG that have delivered the highest flow rates at the KIMMERIDGE at HH.
They just need to get a move on

Are they not waiting on a higher spec rig?
IMHO Forget about Dukas for now focus on S3

Get the silver spoon out of your mouth and let’s see a 6 figure director buy...
Chump change surely for georgy porgie

Watching from afar the end game seems to be to get PVR to do a placing from a position of weakness giving someone very cheap entry