Member Info for cperkin

Quite right lloydboy and Mick2 and as per the solo RNS

"The Board has seized the opportunity to monetise its investment in HHDL and is pleased with the return we have made on our investment. The transaction enables a more liquid balance sheet and frees Solo from future direct operational expenditure at Horse Hill, but ensures we retain the exposure to the exciting upside potential of the projects within UKOG's diverse portfolio. Importantly, we will retain the option to monetise our shares in UKOG at the appropriate time."

My view is that the price is now below the placing price in June, the key difference being there is a rig on site about 100 meters from the new spud site and only 25 days from spud. The COS has not changed on the 3 Horizons 90%, 60% & 25% respectively.

It would be good to have an update on the workovers in the meantime.

Happy to take the risk with the shares I picked up in the last 2 days.

Good luck holders.

Guess thats why the previous bod were replaced and the new BOD implemented in Jan

James Berwick -CEO held several senior executive positions within leading independent oil and gas operators, including privately owned and Africa-focused Impact Oil & Gas ('Impact') and Ophir Energy plc
Phil Beck, a geologist and petroleum engineer
Nick Butler, Senior Policy Adviser to Former UK Prime Minister Gordon Brown
Sarah Cope - investment banker

Their options are @20p and based on production levels, one-third vests at 1,000 bopd; one-third at 2,500 bopd; one-third at 5,000 bopd.

Certainly the new BOD have it all to prove for the company and their careers to survive so I would agree drill results or go home.

Hi Lejjb, if you look at the off book trades from 16:29 to 16.30:14 you will see a buy @ 2,26, followed by a sell @ 2.22 followed by 2 buys @ 2.26 and the big one @ 2.25

A buy imo.

Doubt it IAm, they would have to declare a disposal of assets to their shareholders via RNS....no such RNS

Reported as a negotiated trade with trade flag PRIC - so most probably a negotiated buy.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B9MRZS43GBGBXASQ1.html?lang=en

https://www.londonstockexchange.com/prices-and-markets/prices-help/trade-type.htm

The fact they are moving on with the Kim testing tells you all you need to know really. SS has all next week before my expectation on the Portland falls into where is it mode.

Each to their own of course.

Have a great weekend holders.

Maybe, you will know the day before when the SP moves ;)

Good chance that it will be next week, seems from the Twitter world they are moving on with the KIM testing and they made it clear they would not do so without the Portland being commercial.

Seems the conclusion is that it is commercial.

GLA and have a lovely weekend holders.

..

Till you get mugged ;)

We should expect some com's on that stuck valve at least and a little production.

who knows zoro, I am expecting UKOG to announce the results of the Portland next week though and with solo holding 234,042,221 UKOG shares it could provide some positive momentum?

lol dunder calm down, my eyesight is not what is was when I was younger but hey ho. You asked why we did not know and I was only saying it was drilled in the days of Mike Rego and that the only person who was still present, well till recently was Brian Hall, not sure why you got in such a flap?

anyway, thanks for the answer, so it should be included in the CPR GIIP

Does make you wonder why they did not risk perforating it earlier, unless they thought is was not worth the risk at the time?

You might need to listen again, he said there were issues drilling through the soft sands and had not hit R1/R2 yet, clearly the issues got significantly worse.

"Surprise" said Zebede

The well was drilled by Mike Rego, long before the days of JB, Brian Hall would have been around though

He jumped on the first available flight to asses the situation and confirm the solution with the guys on the ground, absolutely the right thin to do imo.

Anyway, solution identified, rig to move and re-spud in 25 days.

They did the right thing, informed the market as soon as the decision to stop drilling was made and informed the market again as soon as they confirmed the solution and only a few days apart.

Good job imo.

They did the right thing, informed the market as soon as the decision to stop drilling was made and informed the market again as soon as they confirmed the solution and only a few days apart.

Good job imo.