Member Info for Bubblepoint

Why not for example Egypt's Zohr SUPER giant gas field off shore med, they are setting up for LNG shipping, plenty of options for others to export to UK too.

I don't believe Qatar is THE only source open to UK by any means.

They can advise all they want, but typically the EU and UK are seemingly WELL stocked and well supplied, THUS gas prices continue to slide, more to the point slide when it is PEAK season !!!

Yeah ask RH WHY they didn.t/couldn't clear that £3m payday loan and instead opted to let it o to conversion, that led to notable dilution and added to lacking confidence ??????

I mean they are SURELY generating enough quarterly revenue to have achieved that ?? OK so they have so far paid down half the Mercuria £12m debt, but then surely there would have been more logic in just "servicing" the Mercuria debt and putting the maximum focus on "Payday" debt !!

Punters already had enough of choking on GL placings with lies attached to them !!

The word we are looking for is "TRANSPARENCY" you know, put ALL the numbers on the table for the last 24 months to date, show us HOW and why decisions were made to justify at least most of what has been done !!

Nope they won't do that !!!!!! and we know why !!

Well I guess Trafigura will be busy fighting their own fire in the red sea, with one of their tankers hit by Hoooties and burning away. Marlin Luanda oil tanker

Well considering they were lifting the spent guns out from the well with NO wellbore barriers or valves on the well, pretty much tells you it AIN'T no gusher lol...

They will be lucky if they can do a repeat of the pits scraping of oil in an old water bottle again lol...

A grand total so far of around 300m shares traded out of 29 BILLION in issue, value around £60k and these kerlowns are thinking it's a SIGN lolol

PMSL !!!!! day dreamers !!!

Looks like our pain in the arris seller/s have slept in, must be feeling burnt out lol.... long may they sleep !!

SM,

UKOG has NO reasons to have not gotten work at HH on the move, they have permissions, they simply have no balls and no money to do it, and i recon that they themselves doubt the remaining productivity at HH.

Nowt to do with greens, property value etc etc

Nahhhh they have ZERO reason for not drilling the planned works at HH, other than he knows it is sheite, and won't deliver anything much more of worth.

And by not drilling etc, they also keep the story and their paycheques rolling in....

Sonmoon, yeah a whole 50bbl/day, national importance ?? lol...

Ocelot,

Never say never on that score, most likely Balcombe, but it will almost certainly end up needing placing/s to fund such work, SLBY will almost certainly drain every spare penny of left over funds and spare revenue to complete all the work required for the next year or more.

Ocelot,

As much as I admire your enthusiasm, old fields that are at this level of depletion simply end up dictating what you can produce, of course there are also ongoing solutions but as said the cost usually eventually reaches a point where it is non viable to keep implementing.

Same as we are seeing right now, reduced production rates because the flowing profile is dictating, and what is flowing to surface is what the plant can cope with.

It isn't some doomsday scenario, they will almost certainly continue production for the duration of the loan, but don't hold your breath for some earth shattering uplift.

No protestors chained to the front gates.

Indeed, no front gates.

Indeed, no fencing.

you don't get protesters at sites where there is nowt,

\you \only fence and gate something if it has worth, hmmmmmmmmmmm

Yes Ocelot, they NEED to install the Booster later this year, but it WILL 100% also increase condensate, which will in turn equally compromise free gas flow to surface.

Which is why at best it will ONLY result in maintaining production levels.

End of field life production doesn't get easier, it gets notably harder by the month, and notably more costly, which may also be fighting lower wholesale gas prices and decreasing production. it is simply a FACT for all such fields as this.

They "might" get a few months elevated but it will not last long and forcing the reservoir will result in the same as we see now, the need to lower production to savoir some reservoir and flow stability.

Ocelot,

Part the problem with what they say and what the actually do is that they have been producing for 18 months now, and from what they have stated so far, they have ONLY managed to reduce the mercuria £12m debt by half, they have barely touched Forrestgate debt, and couldn't even massage enough to pay down the smaller £3m payday loan, and that was with healthier gas prices to play with.

I cannot be bothered to tot up exactly how much revenue they have brought in over the 18 months, but to still be sitting on a debt mountain that is going to swallow much of the Trafigura finance, makes the whole thing smell badly.

Add that to ALL the placings, resulting in around a further 3.6 billion shares issued, then I find it hard to see how they are suddenly going to bring handsome rewards to shareholders, maybe to themselves though !!!

They certainly won't have any spare cash for the 12 month Trafigura non payment window as ALL that revenue will be needed to complete the works needed as SLBY over the same period, and that is still only likely to "maintain" current production levels.

ZXY,

I would almost certainly say 6 SPF.

I would also say that looking at what is on site, they are going down the absolute shortest route/corner cutting they can to complete this ermmm operation.

I too have no interest in arguments, BUT stick to the FACTS !! simplzzzzzzzzz

Kingbilly,

Don't talk carp, I can categorically state that as at this time the timeline has NOT slipped, if they go into Q2 without anything happening then YOU can say it has slipped.

As for AJ, I can read thanks, just because you have an agenda does not mean folk somehow should agree with you when you are wrong !!

There is NO timeline that has slipped, as Ajilimon has already posted, we are ONLY in January, they state first QUARTER, plenty of time.

As for the SP, well many punters seen sheite like this before, and I have learnt not to let my head control the button, I use my gut feeling on what we know. As ever the head always wants to psychologically cut & run when a stock slips like this for unknown reasons, and all too often when you react and look back a week or three later it has magically bounced back.