Interesting that Kris came from iGas and now iGas has shown their hand to bring Weald exploration forward.
I guess Kris decided that UKOG has a better shot and many more oportunities, knowledge and assets in the Weald basin and IOW.
GLA
How much are they making in oil sales per month?
That's just one vertical test also.
More than enough to run little UKOG.
Wont be little for much longer now.... mid cap status here we come :-)
GLA
Have another listen to this interview from last November (2018). It's worth billions and they are just in the process of building that value before they report to the market.
https://www.youtube.com/watch?v=6QTrgAcMMb0&list=WL&index=4
See how it scales up with all the sites once Horse Hill is built! ..... billions chaps billions!!!!!
Buy your super early bird tickets to millionaires row now.
Disclaimer, not intend to ramp... just excited :-)
Since we've not seen any tankers today, and the extra large separator go in yesterday, I expect they are busying themselves with installing said massive separator to enable full flow rates from the KL layers.
Tanker spotting/counting next week could be very exciting.... maybe even tomorrow :-)
GLA
Wow, Heid has changed sides again :-)
Nicely played old girl :-)
Very funny penguin, an oil production company running out of money :-))
They're making more than $40 per barrel profit and production is increasing.
@Pboo
The point of my post was to wind up the trolls and point out I just bought some more at this low price this morning, they hate investors buying and holding.
I was inferring that the last time eyes were asked not to post was when they were moving sensitive kit... Like a rig!!!!
And I noticed yesterday Adrian posted he wouldn't post for a bit. Obviously still posting but few pics of real stuff going on. We know they'll be more than one tanker in the past 48 hours.
Looking forward to the updates once the site is safely securely set up.
Keep buying shares, those in the know.
Enjoying winding up trolls while I keep buying and waiting.
GLA
while the rig arrives is my guess :-)
Time for a sneaky top up at this price for a quick multi bag.
The market always reacts to rigs on site in anticipation of pending results.
And this is a horizontal into a proven Portland zone so expect big numbers with minimal risk considering their experience and knowledge of the data in the Weald formations.
Don't forget we are only trading at the Portland vertical asset NAV price and we had the first tanker out of the vertical Kimmeridge yesterday. We already have more assets on tap than the current market value. Easy win for the well informed :-)
DYOR and GLA
Those latest post from him show he actually know nothing about oil exploration, production and well management.
At least we now know he is purely and simply twisting the facts for his own gains but doesn't actually understand the facts.
It's very amusing to watch :-)
Yes, I'm certainly not forgetting the IoW but I was just demonstrating the value we should be at with the know Weald assets.
Current 1p X 3 (horizontal flow) X 6 (wells on site) X 3 (two more sites 100% owned!!) = 54p
But was are also told they are looking at another HH site already... + 18p.
Add on IoW and further sites.... a definite buy and hold investment then :-)
Yep, another box ticked. The Kimmeridge layer was opened again for the third or fourth time after the initial drill in 2016 and flowed again with no reported issue and in a very timely order. Great stuff and proves the concept if the well is build right the Kimmeridge will deliver.
So we are trading below the NAV for just the Portland vertical and now have proven the Kimmeridge is flowing again..... no brainer to buy in at this price and well above this price.... invest for the multiple horizontals chaps = current NAV x 3 x 6 :-)
Then add on more sites around HH, Broadfard Bridge and Dunfold........££££££££££££££££££
GLA
@Pboo, ignore the noise and keep doing a great job. Be assured there are so many more of us that appreciate your work than the very few trying to knock it for their obvious reasons.
I guess no one has had chance to get to site for the past couple of days but I'm looking forward to the next update... this weekend ?
Just guessing, but the eyes have previously been asked not to report while swampy attracting sensitive activities are happening.
Patience is key here. Hold or buy through the negative noise at these five away prices. IMHO.
Remember we are currently trading below the Portland vertical flow rate just from one well at HH.
Therefore, everything else is a free ride from here. GLA
If we keep buying the surplus stock the short wont be able to close.... I'm doing my bit.... come on other well researched investors..... look down the back of the sofa for every penny.... turn them into £'s with UKOG :-)
Ignore the noise. Keep buying while you can at this price IMHO. DYOR and GLA
Quiet from eyes today, but we know the site is very busy. I guess they may be busy topping up and report later.
So I just topped up too :-)
0.96p great steal ready for next weeks show :-)
GLA
Thanks, try not to look back now and get caught up in the spike back to where we know the value of the company is.
Once the rig turns up and Kimmeridge flow is switched back on next week the herd will follow the city boys for a piece of this giant pie. I have my slices ready to grow.
I know I have a lot of knowledge and research behind me on UKOG, so I completely appreciate my level of confidence can be well above others.
It's all timing and patience. DYOR and GLA
Well spotted proof readers. Text prediction always catching me out and don't always have time to re-read my own posts.... after all i know what they say :-)
Thanks for taking the time to post.... now go and buy some shares!
They will have to set up the site, pass an HSE inspection I guess, before the OGA take a look and rubber stamp to begin. Only a quick call to get the OGA chap in to have a cup to tea and bickie :-)
All usual stuff....patients and the rewards will come.
Share trading volume is so low right now, SOLO may be struggling to finish selling and the herd have no confidence to pile in. Only the well researched and eyes on the ground have confidence at this stage. The trigger will come and big money will want a piece of the action... then it will drive up with the herd following.
Just need patients..... or like me get some more at this silly give away price..... they are trading below NPV just for the vertical Portland at Horse Hill.... but look at the list of assets... it's a no brainer to get as much as you can! GLA
People do know Q3 is Monday and we've seen the rig leave WestNewton???
See latest twitter pics.... HH2 portland horizontal work well underway.
Kimmeridge much bigger than expected so taking time to gather more data to make that horizontal drill even more of a success.
Loads of cash in the bank and further HH planning to be decided well before they can physically begin the work anyway.
Two year drilling campaign now beginning across multiple sites including the Dunsfold sweet spot!!!!!! ..... with HH knowledge of the formation and drilling techniques......££££££££££££££££££££
I'll keep buying if others keep selling :-)
Now Angus is even further down it looks like there will certainly be one big surviving fish in the Weald..... more pie for us :-) GLA