Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
given that he lives 60s music...what is he up to on that hill...will he give us the real, true news, or just a shadow of it so that he keeps the best news for himself...CAN WE TRUST HIM?
answer please?
(As some know I'm a holder in UKOG so don't take this the wrong way)
Have been reading HH new website and did a bit of research re directors, http://www.horsehilldevelopments.co.uk/page.php?pID=2&page=Board+of+Directors
board of directors, namely, George Frangeskides and Grant Roberts, most of the companies that have been invloved with are failed companies given the share prices of those companies have plumeted and continie to do so.
Why has SS invloved himself with these people? Sorry I have a suspiuos mind, and whilst I don't want to put a dampner on UKOG during this pre rigging flow testing period, it's notwrothy that;
a) whatever happens these people will get paid
b) BB failed
c) thus there's no gareentee that HH will be a success, and if production not possible (a) is still the case for the board with share holders money.
And why have they set up this website Ltd company, does this mean they get even more money as part of the drilling / test flows etc,
And should HH OKOG be a success (as I hope it does) will they buy all shares and turn the company private so that share holders can no longer profit from UKOG future success? If if this does occur what will happen to ALBA's 11.7% stake in UKOG?
Away for 3 weeks in Republic of Fiji. Good luck all.
Away for 3 weeks in Republic of Fiji. Good luck all.
Away for 3 weeks in Republic of Fiji. Good luck all.
Away for 3 weeks in Republic of Fiji. Good luck all.
Away for 3 weeks in Republic of Fiji. Good luck all.
still down the pub chatting about oil
with that first half penalty. I trade the ftse 100 making Av 3k a week, of course i know how to spreadbet I'm in UKOG cos i have the fundementals of how to trade it and how to invest in it. there are a lot on this board that just do not have a clue. I've been trading and investing more 30 years. what you find in this board are a) those that bought too high and are hurt b) those that buy low but sell too early c) those that do not know or cannot see where the company is heading d) those that just chat nonsense / listen to this category and you'll learn nothing
Our thinking is aligned Gerry65. I would go as far as saying that although SP could spike within next 12 months to 10p it's likely this price will be lost as more wells are drilled to sustain the flow -- if and only if that flow is good enough for production to continue --. Assuming the flow is good enough for continued production that a lot of cost will be borne by further prolonged drilling which will occur over years (5-10 years) So say 2019 Av SP of 5-10p, 2020 4p, 2021 3p, more dilution into 2022 up and down 2p to 4p. If flow causes better production then 2023 into 2028 might go back up to 10p or more. The flow for each well is the key here. and we will get the news in time. Tankers will be a clue, but if piped this will be harder to detect volumes.
enjoy the game. 2-0 to Eng. I'm heading to the Hill to wave the flag!!!
The market closes 16:35 proper and not 16:30 as most think. This is because when the official market closes at 16:30 hrs during the 5 mins to 16:35 all the late orders go through and so SPs adjusted. This is why a SPs end will change from the 16:30 close to 16:35. Always look at the 16:35 hrs SP not the 16:30 hrs. I know this because I make 3k a week trading the ftse 100 and it's the same with that save that ftse continues to be traded after 16:35. Those 5 mins are important for a number of reasons in advanced trading but I'm not going to address those reasons here.
You're correct Gerry, I watched that video too on YouTube and SS did state that more wells would need to be drilled to get to more oil since flow does not last at the levels they are aiming for since they're not using freaking as such. Therefore profits would be used to fund further wells.
no doubt, this SP should be 6p easy
looking up was over 1.40 today good sign... will break 1.50 soon.
HeadInTheSand, they are edits...not my fault you never bought in a this low price, go and have another lie down and dibble on your care in the community pillow.
"It may be possible to export the oil by pipeline, as is the case at Wytch Farm, thus removing completely the requirement for road tanker access." source: http://www.ukogplc.com/page.php?pID=100 I think they're planning to pipe the oil in the future because of the large amounts they anticipate. From Brockham to Fawley Refinery 90 miles by road, more direct routes underground and part above ground would cover a lesser distance. I don't think the current share price will remain this low; there’s massive scope to buy now considering 5p is due. SS himself said that the company is undervalued given the estimates of recoverable oil. It seems to me that all the people in the know are already well invested in this stock from SS downwards. It's only a matter of time before the test flow is carried out, the pipeline put in and productions begin before the share price will establish way above 20p. When test flow begin = 2p, upon good results = 5p, tankers moving the production = 10p, pipeline put in = 20p, in years to come = 30p plus divs. Remember when oil discovery news was made in April 2015 SP reached 3p, though placing since then, we are now closer to production so current price in my view is a steal given the scope that this stock has the possibility of rising over 20p. 1. the oil is there 2. low estimate by SS are 5 billion barrels 3. in 2014, the British Geological Survey (BGS) produced a report suggesting there were 4.4 billion barrels of oil trapped in shale rock under 'southern England' - which would need fracking to get it out. BUT This latest discovery, if accurate, would be easier and cheaper to exploit. the oil will be cheap to extract and Oil analyst Malcolm Bracken from Redmayne Bentley said: "The oil would be fairly easy to get at - because of the way the rock is structured" 4. the current oil price is up and probably set to stay that way 5. Given Brexit this would be a much-needed boost to the British economy. Oil extraction is a blessing for the Treasury because of the tax it brings in. 6. planning has been approved 7. more wells will be drilled 8. more areas explored 9. US and overseas investment likely 10. Most of the placing shares have been snapped up and 1.15 SP established as benchmark as of 18th June 2018. 11. finding is fully in place. 12. Come production big profits are due in WHO’S STILL NOT INVESTED? What more evidence do you need. The Gatwick Gusher is a sweet pure God send as a Brexit gift. This could be better than bitcoin. The SP at 1.15 has left the doubters behind for good. And they have become buyers for the long-term hold invest in this money-making machine called oil.
you're going to see the mother of all spikes, I mean THE MOTHER OF ALL SPIKES
tight
they are two a penny, they have no sense of value what is a good deal and what is not, they buzz around learning from the smart among just. Scarface is another doubter than wants to learn from us.