RE: UKOG5 May 2023 11:42
HH1 valued at £800,000, that's in the formal filing by UKOG themselves. LMAO
How much on HH2z conversion, and then what are the site running costs (electricity, security, tanker costs, etc).
That says it all. They will never make an asset level profit at HH. Might as well shut the site down. Oh wait, that would mean expensive plugging and abandonment costs, for 2 wells, not 1. Oh wait, and it would mean that SS and DL would not be able to extort more £££ for PI's who are dumb and unresearched.
Well, would you Adam and Eve it... Who would have thunk it!!!