Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Exactly Trollhunter2.
The company have delivered on time what they said they would so far.
No reason to doubt them this close to the finish line.
Should be a great November!
And then an even better December as the news sinks in and spreads across the whole investment community.
It's going to be fun watching new investors learning what we already know.... UKOG are far more than one asset.
Good points Ohmetoe, but I don't think people are going to need to wait a year to start feeling happy.
Two - three weeks should do it to begin the ride up off HH-2z initial flow.
Give them to the end of November for production test results and through December to see results of initial production volumes.
Also HH-1 will be put on production once drilling HH-2z has stopped. We should get new flow reports from that and I think we can expect some very very positive surprises with a new produciton setup possible on Portland and Kimmeridge combined!!!
2000bopd by Christmas is my prediction and many other well informed observers.
Stick that in the analysts calculators and lets see where they set the SP targets now and projected over the 2020 drilling campaign once proof of concept is in!!! :-)
GLA
And then move to the IoW massive oil fields after tourist season finishes next year!
Looks like we'll be buying supper cars Christmas 2020 to try to use some of that extra money we don't know what to do with :-)
We could be talking dividend income predictions this time next year!
In the Dec' 2018 interview the CEO refers to 9 wells.
4 more at Horse Hill
1 Godley Bridge
1 Broadford Bridge side track
1 Site near Godley and Broadford (Dunsfold).
2 IoW
That's going to be a lot of oil.
I expect we're going to make quite a bit of money in the next 12 months!!!
A few trolls will continue to post negativity against this stock all the way to the FTSE350 but UKOG are definately destined for the FTSE350 as a mid-cap oil producer.
The plan is being worked step by step with risk being removed at each step and value added. Unfortunately the market does not work in straight lines the same way but will re-rate the stock at some point. It'll be some king of advalanche of buying as the big boys fight for a piece of the pie.
It'll be a great ride and very rewarding to watch. :-)
Yes maybe 8p underwritten value but with proof of concept that they can deliver a production site in the weald and have licence all over the place sentiment and future expectation will send this far north of 8p, 10p, 20p 30p etc..... add on the IoW and we're closer to three figures and FTSE350 listing in 2020. GLA
8 posts and states will sell at a loss after so long and this close to the company transforming into a mid cap oil producer.
UKOG will be on FTSE 350 before 2020 is finished.... why would any long term holder sell now before the big prize.... The next ASOS gains in the making!
People quietly buying and loading up having seen the level activity and progress during the weekend.
And why not worth £7-8Billion with so many production wells in opperation across the Weald and IoW.
Proof of concept coming with first horizontal and then it's just cut and paste across the land.
Oversold currently with low expectations with several company failures. UKOG have the experience and knowledge to deliver now so sit back and let them show the rest.
The BIG fish has already gobbled up smaller players and the latest the biggest of all.
Growth rate is continuing at a pace.
By Christmas we'll know much better they are firmly on track and so will the wider market.
Only 60 days now to that important POC. :-)
Good luck all.
Great stuff and good recognition that this is only horse hill.
Dunsfold planning approval in less than a month to tap the weald sweet spot after proof of delivery at horse hill. Future prospects on all assets will see this well beyond 7p and that realisation could happen this year!
This is worth a read and note that they acknowledge that they are not even pricing in all the other sites and prospects.
Proof of concept that they can deliver production sites with Horse Hill should push the price much higher than 5-7p since sentiment will expect them to then deliver the other sites.
https://contrarianinvestor.net/posts/2019/9/20/what-is-ukog-really-worth?format=amp&__twitter_impression=true
Rig should arrive this next week giving us a short term boost.
Might not have seen a heavy goods rig yet but we've seen two heavy oil tankers every day this week.
The Kimmeridge test is still going well :-)
And with the oil price holding up well above $60 per barrel and 86% of that revenue coming to UKOG :-)
Current SP only valued on one vertical portland well.
But obviously the Kimmeridge flows very well and we're about to drill the Portland Horizontal!!! x3 or x4 flows...!!!!!!!
GLA
So, is it parked on the A23 waiting for the night shift?
The morning could be interesting.... wouldn't want to be out :-)
Friday is a good day to deliver it so the guys can setup over the weekend.
Have you seen it?
Do you have an official report or eyes on target?
It doesn't read well Bee. Six months now to reassess their plans and see if they can find a major partner and funding.
Hopefully we'll get a bounce up later today and give us some money to bring here.
Sirius like UKOG has a massive PI following and so the SP is volatile on PI sentiment. A traders dream!
Investing a 4p could be a smart move too if you think they can find the finance, since that could see a bounce back up to 20p or even 40p. UKOG is much less risky on the other hand and just as much if not more potential so UKOG remains my long term play for now.
Agree that there is a cross over of PI's interested in both UKOG and Sirius. Very similar business development and growth prospects.
I judge UKOG as the stronger investment right now.
I just bought a few Sirius this morning for a short term trade on the bounce and invest the profit in here.... hopefully before riggy day :-)
I already have a huge holding here so I don't really need more.... I just need patience :-)
The communication is certainly improving from the company now.
They must have something they are excited about and want to shout about it now.
Could this be Rig day, if so could see a gap up in the SP..... very possibly should be this week at least I guess.
Not posted for a while because of all the noise and I've been quietly watching and accumulating at this bargain price.
So much risk has been taken off the table in the past week and so much value added, but the price has hardly moved.
This is great for well informed and well researched investors.
Buy Buy and Buy.... what I've been doing and continue to do.
Hope everyone else has the opportunity to do the same.
GLA
both happening and you can still buy at this price!!!
Do the sums, buy and hold for this multi-bag stock!!!
IMHO :-)
GLA
Latest on the Twitter line is video showing storage tanks being moved at Horse Hill.
Preparation for the rig arriving..... GLA
All going nicely to plan..... :-)
Slowly but surely and quietly making money for us LTH's :-)