Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This one has been a bit under the radar, but the RNS is great news.
IXICO chosen as partner for new Government funded Medical Imaging & Artificial Intelligence Centre
After a 6-month shut in period, the continued good flow performance from the Portland further reinforces the viability of Xodus' and the Company's 720-1,080 bopd horizontal well production targets. We remain on course to commence the first two horizontals in Spring, with long term production testing of both wells planned to follow directly afterwards. The flow test results to date, combined with the prospect of further near term drilling, place Horse Hill in a strong position to deliver positive "free" cash flow to UKOG in the near and foreseeable future."
This is going to rise, Motif up 22% and rising.
Looks like the company does have a "plan" to move onwards and hopefully upwards. I think I will be making an investment at 15p per share.
Stephen Sanderson, UKOG's Chief Executive, commented:
"The 2018 EWT's total test production of almost 14,000 barrels of oil, with over 10,000 barrels to date from the single Kimmeridge KL3 horizon, firmly establishes Horse Hill as a commercially viable oil field. These "hard fact" production numbers, together with the million dollar sales revenues, undoubtedly mark the most significant milestone in the Company's short history. The Company will spare no effort to push Horse Hill towards full time production in late 2019/early 2020.
We now look forward to the forthcoming KL4 EWT programme and the prospect of KL3 and KL4 commingled test production that will take us up to the spud of the HH-2 and HH-1z production wells in 2019."
The 3 analysts offering 12 month price targets for Low & Bonar plc have a median target of 56.00, with a high estimate of 60.00 and a low estimate of 40.00. The median estimate represents a 145.61% increase from the last price of 22.80.
A company providing performance materials in niche markets across the globe. Surely the SP is too low?
There is oil, and lots of it. A little patience is required, I'm keeping my shares and at these prices will definitely be getting a few more.
If this is the worst share you have traded then you aren't doing too badly.
You just need patience, loads of oil there. UKOG's time will come!
Up 50%!
"HHDL's declaration of Portland commercial viability is a significant milestone for the Company. It transforms Horse Hill from solely exploration into a fully-fledged field development with a full-scale oil production start-up targeted in 2019.
The better than expected EWT results have robustly demonstrated that the Portland has significant daily production potential in its own right, which could see the first planned horizontal producer attain sustained oil rates of 720-1,080 bopd. If realised, these rates could make the Horse Hill Portland oil field one of the UK onshore's top producers.
We also eagerly anticipate the possibility of combined long-term production from both the Portland and Kimmeridge, an exciting and potentially transformational prospect for Horse Hill and the Company."
Yes, it's always a risk but this is on the verge of being declared a commercial find. You could then easily at the very least double your money (that's my plan anyway!).
Surely the price should be higher than this, so much potential. Commercial oil in a years time.
The Directors consider that these positive KL3 test results now make it increasingly likely that both the Kimmeridge and Portland oil pools are set to make Horse Hill one of the UK's leading onshore producing oil fields. Permanent production at Horse Hill is targeted in 2019
Hold til it's 10!
You are definitely going to make 1.05p/share at current price + any growth after that - aren't you?
Some big buys going through (news on the way?), surely SP will start moving upwards
Shame it's for the wrong company - might have a small investment though
Brent crude is more than $80 today
I read this everyday - it will happen!
Since the revision in investment strategy and name change, Blockchain has been analysing a number of tremendously exciting opportunities. We continue to make good progress towards a potentially game changing deal within the blockchain space and will update the market as soon as we are able