Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Ocelot,
The RNS on 7th Jan is bit confusing.
Not sure if my number ,or yours is correct.
It does say as of Jan 7th they hold 331m, and yes it does say at bottom, that they held:
31st Dec 463m.
I assumed they sold a lot and reported 331m in Jan. Is this right?
Tell At moment have 514m shares,
At end Dec had331m shares,
Just issued April 255m shares,
Therefore sold approx. 70m shares between Jan and now, so they are selling slowly.
Yes Ocelot, that's the latest position.
Some like to print news from previous RNS's to cloud the issue and create a drama.
If anyone hasn't noticed the plans are fluid due to virus.
Most people on shutdown, so hiring contractors/ getting parts is difficult, so best plan is to delay imo, EVEN though it's painful.
"No one interested here."... Why are you wasting your time and posting here then Numpty??
Except BP down today numpty!!!
Nice to see super rampers and trolls disappear, no back biting or childish remarks .
This mornings comments, both positive and negative have been a pleasure to read.
Lets hope it stays that way.
Many people spouting off about sp going below .3p or at least 20% drop.
Pretending to be experts BUT how little you know, just bored keyboard warriors .
Too many drama queens on here.
Yes SS wage package disgraceful and cash in bank must be low due to little cash in ( I have always said that monies from HH will not be seen by UKOG, but ploughed back into further work). Also many shares being sold by Tell and YA (but you already knew this months ago). Biggest issue is Covid as they have had to go on reduced staff as they will not be able to get intervention equipment on site.
Positives are loss reduced, Tell now paid off, increase in tankers.
Thing is, ALL COMPANIES ARE SUFFERING.
Overall nothing much new today that wasn't expected so why all the drama??.
Back to gardening for me,
PS If you are that unhappy JUST SELL up and show conviction in your posts.
Looks like FOTH is on pop again early this week. His posts on twitter are starting to get negative against ukog and demanding RNS next week.
As though SS is going to read, get worried and just issue one for him. Chill FOTH, our time should come, but not til CPR and overhang is clear. (that's assuming no more world virus scares etc to collapse markets).
Leaving weekend for all loonies and coming back Monday
Don't get too giddy yet about 880bopd, one swallow doesn't make a summer.
Perhaps, and yes imo, the extra oil could be from the cleaning up of HH2z and accumulated over a period of time.
Not trying to be on a downer, but until SS tells us, it's all just speculation.
Don't forget truth always somewhere in middle and it could also mean bopd from HH1 gone up and HH2z cleaned up nicely.
Time will tell and I'm optimistic.
Mullins,
Yes, but you can pick out the 100% derampers.
I actually like alternative views when presented with intelligence aka seadoc and Penguins. Although I may not agree with whats said, it makes you think.
Mullins,
Good post, just what I've been saying for months.
By replying to the saddos, you are feeding them.
Also by replying, you get half of an argument with them and that's frustrating.
Hope you are all well out there, I'm getting bored already.... no golf, swimming or saunas for time being!!!
Only accurate answer to this, is for you to read the RNS dated 13th March,
hope this helps
Mirasol,
What's happened in the 4 months is important bit, rather than dramatizing the situation.
Lets have full truth, not half truths:
Hit water so created problem.
Had to wait 6 weeks for specialist equipment.
Water isolated.
Well tested for water ingress.
Now clean up - don't forget well is contaminated with water now so is slow process.
Summary - been working hard on it, you're just scaremongering again.
Thanks Mirasol,
Shame its the only reply cos to me this is important in the process, not all the rubbish being speculated on at the moment bout the virus.
We all know sp is trashed but only gonna come back up, in time, if there's plenty of oil.
Question to any expert oiler: Where are we in terms of HH2z??
RNS 9th:
"HH-2z clean-up operations are planned to continue over the coming week, after which essential maintenance and a planned upgrade of well test and production facilities will occur. These operations, designed primarily to enable simultaneous production from HH-1 and HH-2z, will require both HH-1 and HH-2z to be shut-in for a period of up to ten days. "
So cleaning up til 13th ish???
Up to 10 days with no prod to do mods... trouble is stack been flaring and tankers going out.
Have mods been done???
Opinions would be appreciated.
IanHal,
Great post, my thoughts are exactly the same.
Sick and tired of naysayers spouting off.
If they believe in what they say they would have bought into something else and be long gone.
Most of them are just "keyboard" experts and two faced liars.
Unlucky all resident swampies, from drill or drop:
"West Sussex planners also recommended planning permission be granted for another two years at UKOG’s oil site at Broadford Bridge. Full report coming soon."
https://drillordrop.com/2020/03/16/planners-oppose-oil-test-plans-at-balcombe-not-in-public-interest-and-not-appropriate-to-area/
HH,
"Bladehater ..that's 7 years old..."
Yes it is and guess what , it's still a valid statement.
Found this: "The Horse Hill-1 well lies within the license area of PEDL 137. Pursuant to a farmout agreement executed in December 2013, HHDL is the operator of and owns a 65% interest in both the license and the well, and Magellan is carried 100% for its 35% share of the costs of this well, including drilling, testing, and completion costs."
https://ir.tellurianinc.com/press-releases/detail/152/magellan-provides-update-on-horse-hill-flow-test
Total vol approx. 111m,
15%of this = 16.65,
Reported after hours so don't get the .46 sell price.,
Accumulation of YA sells imo HH1AN2,
At least they're clearing out and as I've said in past, need few big days like this to accelerate the departure.