Member Info for deepbreath

Cadence own approx 10%

I don't live in Surry, but l still support the planning application.
It will be good for country to be more energy self sufficient (can't/shouldn't rely on Russia).
Good for the economy (increased tax revenues).
Good for Surry council (Lots of royalty payments to help Surrey council fund borough wide projects)
Good for local residents (fund set up by UKOG for local residents for local projects)

Brilliant. UKOG continues to grow. Being the majority shareholder enables UKOG to determine and control the way forward. More negotiating power when the big oil companies come knocking on SS’s door.

So anybody want to have a guess as to how big tonight's after close buy will be?
Last night was 26m.........could tonight's be even bigger?

Are UKOG currently making royalty payments to the local council on the oil they have been selling?

If all goes to plan........(and so far expectations have been exceeded), the sp will be far greater than 10p in the future. Just don’t know when yet!

Don’t forget this is still well testing stage. Wait to we have 7 well development uo snd running........ and then open the chokes. BOPD will be enormous!!!!

KL3 and KL4 proved to be a single big oil pool. Quality 40’ api crude. NO water. Brilliant news.

Perhaps they couldn’t buy more. They may be privvy to info that puts them in a closed period?

“UKOG will be a gold Mine. Rock-on.”

Sanderson is the master of the understatement. He has consistently understated and over delivered. If what he said in his last interview is achieved, the sp will easily be above 10p in 2019.

Thanks penquins. It is difficult to know just how good the bottom hole pressure is. The calculation formula goes straight over my head. I think the diameter of the well hole also has a big impact on pressure?

Referring KL3, the last RNS update states....”Prior to the final shut-in period the well was producing oil at a stable bottom hole pressure of around 800 psi.” From what l can gather, this seems very high. Is this a good thing or bad?

He has always understated and over delivered. He’s saying 2,000 barrels a day, his track record suggests it will be a lot more. PS.... can’t wait to hear what the Kimmeridge surprises are that he refers to!

Kimmeridge EWT.... “as expected”. This is excellent news. There were big expectations prior to testing. Getting exciting now.

Why do people make such a big thing about the number of shares in UKOG? It’s all about the MARKET CAP. The number of shares in curculation is irrelevant. If you invest £1,000 in UKOG, it doesn’t matter if you have 2 shares @ £500 each or 1,000 shares @ £1 each. Either way you have £1k invested. It’s the same as “what weighs more, a ton of bricks or a ton of feathers”? NOTHING They weigh the same. You just have a bigger pile of feathers!

So UKOG have just bought 4.7 million barrels of oil for less than 8p a barrel.

I know it’s been discussed before, but l can’t remember the answer. When does the 150 EWT finish?

Good to see that DL is very upbeat tonight.

Latest report from HH site this morning says pump taken down.