Member Info for cperkin

1st asset monetised for a 45% odd profit, more to come willow and for over much bigger assets.

@ BigB the Joy and freedom of being in 6th form - 80's for me :)

edgar $40 million Cash & Carry to production up to $40 million earnings - market cap now in the 50's looks quite tasty.

Thanks again Piscio….

Very Happy with the New BOD and they are clearly confident having taken a 10% stake in the company from the start which is always a very god sign.

Q4 looks very exciting with the multi million $ farmout in progress over Ruvuma, the biggest high COS drill in the history of Aminex and solo + the deeper target for remediation at the KN-1 well.

Best of luck!

I think they would need to sell 55.6 million shares or 1% of the shares in issue and then have to issue a TR-1 within 3 days of the transaction

They could well be, they have already turned a 45% profit if they sell @ or above 1.92p @ with both Ruvuma and KN-1 work programmes fast approaching some money will, I would have thought be needed up front. Could be why Bounty bowed out of the KN-1 equation. It could even be related to the TPDC demand to be satisfied which would shall we say ease the release of the Mtwara licence and activate the farmout.

All to be revealed in the little red dot soon.

Have a lovely weekend.

I recommend it Crusty, a little place near my old 6th form along Hills road in Cambridge.

Have a lovely weekend all!

Of course dunder, ripe for that licence and circular after all, still everything is yummy right now, washing down an 80 day aged sirloin and cheek (melts in the mouth) with an excellent bottle of 2003 Guigal Cote Rotie Brune & Blonde :)

Yummy!!
Now under 60 million market cap with a $40 million Cash & Carry and all that gas.

Not sure if you read the presentation from Aminex Mr J but the TPDC might be funding the pipeline, just as they did for KN-1?

Horse Hill-1 ("HH-1") Portland and Kimmeridge Oil Discovery, Weald Basin, UK

Key Points:

· Kimmeridge Limestone 4 ("KL4") EWT operations now underway. Further updates to follow in due course following flow stabilisation and pressure build up ("PBU") tests.
· Final Xodus report determines that the single HH-1 well "sees" a connected Portland oil in place ("OIP") of approximately 7-11 million barrels, a robustly viable commercial volume for a single well.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=dx83u7xa&ArticleHeadline=Extended_Well_Test_and_Regulatory_Update

Certainly due this month.

The first 6.4 BCF sold has generated $18.3 Million gross in a round a year of production @ 15 million scuffs per day for the JV so another 8 BCF recoverable would generate $22.8 million Gross or around $2 million to solo. Providing the Q4 remediation and perforation is successful of course.

The government has been challenged to create enabling investment environment to attract more foreign investors.
The government also has been challenged to effectively utilise natural resources like gas to generate power for industrial use.

http://www.thecitizen.co.tz/News/Patel--Create-enabling-environment-to-attract-investors--/1840340-4792036-ycnuwd/index.html

Thanks to Jules.

Morning :)

Well judging from the large buys going through the books this looks like a recovery play to me.

A new comercial minded Board of Directors who have put their money where their mouth is and purchased 10% of the company at the get go.

Underlyng assets worth multiples of the current market cap, debt free, cash in the bank and a liquid £4.5 million stock holding in UKOG with 234,042,221 shares.

Personaly I am looking forward to Q-4 and beyond and the conclusion of the multi million $ farmout, remdeiation of the production well and the spud date for CH-1

Best of luck.

Details that the perforation of the lower level @ KN-1 in Q418 is targeting an additional 8 billion cubic feet of gas (BCF)

"Tanzania – Nyuni Block: • Kiliwani North (KN) gas field shut in for most of this quarter to allow pressure build up. A review of pressure data has concluded that the well is not draining the lower part of the Neocomian age reservoir and re-perforation may allow additional gas of up to 8 bcf to be recovered"

No mention of this in the Bountry Quarterly Activities Report released today?

From said report.....

"Tanzania – Nyuni Block: • Kiliwani North (KN) gas field shut in for most of this quarter to allow pressure build up. A review of pressure data has concluded that the well is not draining the lower part of the Neocomian age reservoir and re-perforation may allow additional gas of up to 8 bcf to be recovered. • New 3D seismic planned to image deep water turbidite gas plays of up to 1.3 TCF potential"

Hi Ariel, love the name, as in the classic british Bike? An old friend of mine has a bit of a collection including,

Ariel Arrow 500 single+ side car
BSA Starfire 250
AJS, 650 twin model 31 delux (1957)

Seems someone disagrees with these large buys the last few days :)

1,200,000 2.389 £28.67K
500,000 2.27 £11.35K
1,000,000 2.32 £ 23.2K
680,000 2.2 £14.96K
2,500,000 2.29 £57.25K

Inconvenient..

When the proven open market value of the cash position +UKOG shares + the assets is significantly greater than the current market cap, the share price is Irrational, unless of course you have dark glasses on and can't read the price tags.

Must be an RNS due ;)

I thought at 15 million scuffs per day the gross from KN-1 was $1.5 million per month? so 63.8% to AEX or around $957,000 per month before tax.