Member Info for Bridgedogg1

I love the smell of RNS in the morning. Well this is a bit disappointing, felt there was a chance they wouldn’t cash raise until after HRZ farmout and then might not be needed. Indicates that HRZ deal won’t be don’t be Q1 which was maybe to be expected. Book build beginning but very unlikely to be at 0.7p, raising will be at 0.5p plenty more shares to be added.At least DW won’t be getting his bonus.

Deal confirmed. Nothing new. Confirmation that drilling will be this month. GLA

The fact is no one - including me - knows how high (low) this will go or how quickly this will move. As many have mentioned plenty more shares in issue but UKOG now own and control most of the project. We dont currently have institutional investors here in any significant proportion but the way the calculate values UKOG should start popping up on their radar. If TR1s start dropping and the large buys keep coming in this could beat many reasonable expectations. (it will never beat some though). A nice drill, good flow rates, news on other assets we could see close to double figures.

Good job you are in charge then - my maths hasn't helped me any. My son is 8 so that's all sorted then :> All the best with your investing.

Sageman, based on what you have said the family trust portfolio is worth around £100m - I hope you are getting your cut ;-)

Oh on an unrelated matter do you have any single daughters/sisters/aunts/etc who would like to meet a nice gentleman?

Sageman, if you are acting for a trust portfolio I dont think the volatile end of AIM is the place to be! Have you read the Trustee Act 2000?

Added on the pull back

28p? Amazing

Crane and other equipment arriving on site in the last half an hour

hehe its fair enough but I dont think it will be as straight forward as that, we will see.

People need to be aware that SCC delayed the planning application for 6 months so that they could get expert onion and advice on the application. On each aspect where advice was sort the recommendation was to approve the application. The public have also lodged more votes in favour of the application than objections. It would make absolutely no sense to reject/delay this now. We should be at 2p+ by close tomorrow, thats even before the rig turns up and drilling operations commence.

ARE you in HH? Pay your way then!

After accumulating at low levels I think a big buyer is now showing her hand knowing that the move is on.

Dammm relentless buying

JayKay1

Xodus used the March 2016 well test data and PVT report to analyse the various well performance criteria
and reservoir extent. The relatively short duration and conditions of the well test do not allow for a more specific assessment and a broad range of possible outcomes remains. Decline rates were based on analogue wells.

So yes, a 25% figure was applied but that had nothing to do with Portland, which I am sure you know if you have read the report. A lot has changed since then. I'll go with the 'sustainable rate' comment from 2019 based of extended well test data.

Or not...

Great little finish on the ASK. Sets things up nicely for tomorrow

I understand the rig is done with it’s previous commitment and is being held at ‘the yard’ for maintenance. I assume it will be dispatched as soon as requested. Planning>deal>rig signed, all this i week I reckon

The size and frequency of these buys are starting to remind me of something.....

I think the cap on the well costs for PMO are a direct result of the additional drill into HRZ. Its a great deal assuming the cost comes in below the cap which it should, or at least there abouts. DW has said the IW1&2 were just on the cusp of the HRZ fairway sweet spot. We haven't received confirmation of whether the fairway runs north to south or east to west. Ideally it would run east to west across the acreage just to the west of FB which would put it smack bang in the central fairway and maybe extends to the Western fairway which is what will be tested on Charlie 1. This would raise the question over the value left on the Eastern fairway, not much other than the Alpha prospect but additional 3d might farmed in?
I now reckon FO of HRZ might be delayed until after the results of Charlie 1, unless a stonking offer is made that we cant turn down.