Member Info for foggy100

July is the Study completion date , so that in no way implies that any Licence is imminent

Thank you Teaboy, GLA but as always people should Do own research. I see no response justifying the Headline "Production License imminent" and until proof is given by Chinesewhispers I would not pay much heed to this unfounded claim

Teaboy, I hope those comments are not directed to me, my question is rhetorical for the attention of Poster called Chinese whispers whom is claiming that a License for production is due imminently

When did Phase three Trials get completed in Russia , I thought they had not started yet but people have been recruited for them . I have not seen any CDP for EU or US yet. So where does it state license for Production is imminent . ???

"subject to agreement of acceptable planning conditions" Not really sure about this. I thought all of NLC concerned only had one objection IE "It is dangerous" which if you translate this it really means there are no objections but we choose not to suffer the wrath of the NIMBYS

MCAP

Yes he meant 5p. DB talked about Mid Tier , it doesn't take much to discover what Macao Mid Tier starts at and to then compare it to UJO,s Macao today

Cost of extraction is important , agreed. Interesting how long Wytch Farm was looked at before Commercial Oil was found and subsequently produced

True I get that but I am particularly pleased he Supports Smallholders as well as it seems to me that it is they that are usually the last to be informed with obvious consequences. He doesn't Control everything obviously but I am happy he seems to be doing his best for us all as far as is possible

I am thankful that we have DB at the helm as he is supportive of the "Small" investors . My thanks to him for being so communicative in a timely fashion. Ducks seem to be aligning nicely , nothing is a given until proven but I feel this is so close now to a more than decent result. GLA

That is always the case you just have to hope it is right for us as well. He pretty much always mentions Shareholders in his first sentence so let us hope for the best for us all. I feel that he will put a good fight, no first round knockouts are welcome

947 is too much like NPV247 for there not to have been an error , plus Pounds mentioned instead of Dollars..2??? 9???

Rig I guess is being disassembled at West Newton ? UJO Massive find they reckon

This is a worry as DB mentioned he hopes he doesn't get TOO much interest from Majors.
TR1's will be interesting as we might see what happens with Humbers Holding. No-one want's a T/O too early when so much is at stake. There is an inference that DB has no intentions of retiring and I hope that is true
A nice problem to have I guess

UKOG 5 Year chart shows 2.5p to 11p to sub 1p
HUR 5 Year chart 16p to 56P

I am aware of that as well. This should be worth holding beyond the West Newton B Drill which would be partly for defining the Cadeby Oil by which time hopefully we have some positive news on Wressle which flowed at a significant rate and also Biscathorpe which was proven but requires sidetrack and of course we would have flow rates from West Newton A2

Roughly right except they swapped a 2 for a 9 and used Pounds
What people don't be seeming to appreciate is that firstly the Oil wold be worth much more and secondly the Size of the Licence area and what more could be discovered :
Appraisal of Kirkham Abbey gas: 72% COS* for NPV* $247M
Exploration of reef flank Cadeby oil: 24% COS* for NPV* $850M

Apparently the Paperwork was sent to AB but he didn't see it or thought it was something else just like the scenario that played out regarding the Letter about the Kabwe Licence revocation.

Flowed 700 barrels per day. Ukog is at 200 per day. Ujo Mcap 15 mil. Ukog 60 mil. Massive upside here??

I thought that was the best Interview I have seen to date with DB. The no nonsense approach is very appealing. West Newton, Wressle and Biscathorpe all convention plays .
Wressle already proven and should give C$3.5-$4M /Annum
Biscathorpe already Proven by BP , Sidetrack will happen estimating maybe 6 months at this time
West Newton already found Gas previously 189BCF so we have high COS 72% , no small fry with a potential of a not insignificant Oil basin with a lower Cos of %25
A really good basket of opportunities led by probably the straightest CEO I have encountered
.
Hopefully we can stick to the subject of CEO and Company and not the CO(IL) or any resident sycophant !