Member Info for Gerry65

Starzon - HH produced 1940 barrels in total to market in 2016. That's an average of 47 barrels pd. So have to pull you up a little on your last post - where you state that a huge amount of oil flowed in 2016. You may want to re read the r n s at March end 2016 where the results were provided. It's in black and white in the r n s - 1940 barrels were transported to Fawley in total from the whole of the testing over the full 41 days. Not sure - maybe you feel that equates to "huge amounts" of oil - if so I would guess you are going to be very easily pleased with this coming summer's testing. It was a very limited testing programme, back in 2016. That's why we need an EWT over 150 days this summer. Your really encouraging post may come to fruition, but you do need to factor in : Rig install days Days off to allow pressure to build up work overs Assessment / evaluation days Moving between zones etc I am sure after the issues at BB UKOG will not want to over stress the well at HH - this point has been debated on here already by a number of posters,with more knowledge than me I would anticipate they gradually increase the process checking daily. Of course they may as you suggest - turn the taps on full and see what happens !

Wolf, as you say -the flows have got to be better than last time out at HH, a much longer flow test for each zone, rather than the few hours for each in 2016. Last time round only 1940 barrels got to Fawley over the 41 days of testing, so an average of 47 pd. You rightly mention - how the market sees the eventual numbers from HH will be important, hopefully we will see a steady flow of information over the course of the flow tests, to judge how its progressing. In the meantime its a case of sitting on hands and waiting for OGA / rig news - then the real bun fight can start up again. GLA

Starzon - My post makes several points: It gives balance to how the sp will move in the short term on HH news V Spiked people and YA throughout the summer. It also asks if anyone has an idea as to how many are spiked at the moment, their decisions on any sp rise will be a factor in seeing whether UKOG can hold any rises into the medium term, any short termp spike followed by another dip will not be good for LTH's, sentiment .By medium term i mean yr end -with full flow info from HH to hand and the amount of funding that UKOG has said it require before moving through to any commercial oil production, also available to PI's. I have been posting on this bb since Oct, after all its a debating board - I know you have only recently joined this discussion platform, feel free to read through my posts, my position has not changed - I want to see the "cash in bank" position - at the March end interims - this will be out at the end of June - so only a few weeks to wait. I accept my glass half full view may not meet with your very positive view from your posts. However all views are relevant - otherwise it would be similar to a football club, banning away supporters from the ground. Everyone would be on the same hymn sheet, but no atmosphere ! Wolf - you are right - aim explorers are where the multi bags are - for those that understand when to get in and then get out.( unfortunately many don't understand how aim works and get caught out ). I wasn't expecting the OGA before the end of May to be honest. Schteeev ??!! ?? - don't believe my post is a ramp - btw Starzon deffo sees it as a de ramp. To me its factual. Starzon - if you felt my earlier post was a ramp on BP - then i am sorry you mis understood me. I do hold BP, and am actually looking to top slice - it looks a little toppy to me - but that's a personal view, Please note none of my views should be taken as investment advice by anyone on here. GLA

No one likes to see people spiked, some have done very well buying low at sub 1p -having then sold out to people like Mari, they took the early risk and got out on the hype, last year. So many predictions on here as to where the sp will go on news of HH. One consideration is what will those who are spiked at 2 - 4p / 4- 6p / 6- 8p do when they reach their break even point ? Secondly what will the day traders do this time round ? BTW does anyone have a rough idea as to what overall % of PI's are under water at the present time ? Its so easy to look at things with hindsight but many have been locked in for many months now. BP shares could have been picked up at �4.37 on July 24th 2017.Sitting as i type at �5.53, a nice return and in addition quarterly divs. I only mention this as an alternative to sitting on an aim shares waiting for news, with all the risks involved. I suspect many that bought in last year will get out when they can - if they reach break even, this together with the YA conversions will probably counteract, good news on HH over the next 5 months. Those that have read the finals r n s- will know that SS has stated that for commercial oil to be achieved in 2019 further funding will be required. The SP seems to have flat lined at 1.5p ish - so i don't personally see it dropping much further, than present levels. However i am thoughtful as to the plans of those suggesting positive up turns from here , yes maybe in the short term, but what happens in the medium to longer term ? GLA

Charlie c - during the run up to the previous HH tests and throughout them the alba s p peaked at well less than 0.5p from the chart I am looking at somewhere around 0.45p perhaps. It was higher when it peaked during July 2014 when it looks like it hit 1.30 ish. Again it was higher in July 2017 - 0.79p. During the previous tests at HH shares in issue were circa 1800m - this time around there will be 2848m shares in issue. Following the series of dilutions to raise cash needed to progress, Alba's projects. The EWT testing over the next 150 will definitely raise interest and sentiment, and create s p spikes but orbital rises that you suggest may be slightly over enthusiastic and perhaps short term. In October - December the full test results will be known ( hopefully during tests ongoing info will be made available ) then the strategy going forward will be explained. Over on ukog in the finals r n s - s s is quite open that more finance will need to be forthcoming should HH results indicate it can develop through to commercial production in 2019. I would expect the same will be required by alba. Interesting times, but a long road to travel.

I see a trend on placings here with a placing arranged on 25th august 2017 a week before publication of the May interims, on 30th August, where Net current assets V Net current liabilities looked stretched. Then a placing ion 29th March this year - one month before the Finals ( Nov 2017 end ) were published on 26th April. Where looking back to Nov end - Net current assets were �662K and Net current Liabilities were �443K. In both occasions the back dated reports suggest that ALBA would have been tight on cash flow by the time publication of the accounts came out. Hence the need for placings,otherwise surely questions would be raised on ability to fund ongoing current commitments on each occasion. Now we have the additional dilution today. These small explorers always need cash from PI's particularly if they go out on shopping sprees.

Rambo - look up the UKOG HH flow tests results R N S towards the end of March 2016, it breaks down how many hrs each level flowed at stabilised rates. ( HOURS ) the 1688 figure is created by extrapulating those hourly flows into a bopd figure - hence 1688. However the actual amount oil from that previous 41 day flow test that was ultimately sent to to Fawley was a overall total of 1940 barrels. That's in black and white in the R N S, it equates to a daily average of 47 barrels per day. The breakdown of ownership of HH overall at present gives UKOG 32.3 ish %, so based on the previous flow rates they would have roughly 15 barrels pd. The up and coming EWT, will test each zone separately over much longer periods, basically three separate flow tests to understand each of the levels, The test will be over 150 days lets say 50 days are given to each zone. Don't expect oil to be flowing every day, you will have rig install / testing / breaks to allow pressure to build up again / reviews / assessments / clean ups. Don't get me wrong it will in all probably produce more than an average of 47 barrels a day, it has to lol. But they will be keen not to stress the well whilst they are testing, don't forget UKOG cannot afford any major problems at HH so soon after the failure of the BB well to flow at commercial levels.

Easyp - have had a small holding here for a couple years now, bought in on a dip and had a fair time with a good paper profit, though with the fall away over recent months I did find myself under water slightly. still normal service seems to have been restored. Also a bulletin board with little action or posts, always reassuring usually means all is well. Lol.

Anyone who bought in a month ago at 31.25p has seen a very decent s p growth. Hopefully the strong interim report will encourage a continued upturn here.

HI Tophat - thx for that i was so tied up with the cut and paste i missed the extra div increase to 1.35p - this one is on e i have been comfortable buying on the dips - have my average below 35p now. Hopefully those with higher buy in's than me have also average down.

Sorry - follow on from last post: Only downside is that it has been rated a "BUY" today by those Motley Fools, lets hope that's not a kiss of death for RDI. Happy to hold and take the div here. GLA.

Lots to like about the interims out today imo - but as i am the only person with a view on this one i'll chat to myself. The interim div is back up to 1.3p - which i'll reinvest again. I have cut and paste the following from the H&L website: --------------------------------------------------------------------------------------------------------------------------------------------------------- RDI issued its results for the six months ended 28 February on Wednesday, with underlying earnings per share rising 8.2% to 1.46p - well ahead of the company's medium term growth targets. The FTSE 250 real estate investment trust said its gross rental income was up 2.1% on a like-for-like basis, slowing from 3.3% like-for-like growth a year ago, with performance described as "strong" across the majority of the portfolio. Its EPRA cost ratio, excluding direct vacancy costs, improved to 15.7% from 20.7%. The company's cost of debt increased 20 basis points to 3.3%, following transactional activity, although it remained within the target range. RDI's board declared an Interim dividend of 1.35p per share, an increase of 3.9%, fully covered by a payout ratio of 92.5%. "RDI has once again demonstrated its commitment to becoming the UK's leading income focused REIT with another strong set of results," said chairman Greg Clarke. "The strategy of improving the quality of the portfolio is well on track, following the completion of a number of successful disposals and well-timed income enhancing acquisitions." The directors said they made further progress in strengthening the balance sheet during the pald-year, with the EPRA net asset value per share up 2.2% to 42.3p, and the portfolio valuation ahead 0.3% like-for-like in local currency terms. Its loan-to-value ratio continued to trend downwards, and was now reduced to 48.0%. The company's total annualised accounting return - growth in net asset value plus dividend paid - stood at 10.7% for the period. RDI also described its portfolio quality as "enhanced", with disposal proceeds totalling �211.8m at an average premium of 8.7% to August 2017 market values. It increased its stake in the �104.4m IHL hotel portfolio to 74.1% from 17.2% during the period, at an implied net initial yield of 6.9% and yield on equity of over 10%. The firm also acquired an 80% interest in the �161.7m London serviced office portfolio at an implied net initial yield in excess of 6% and yield on equity of over 9%. A reduction in overall retail exposure was made, reaching 45.3% from 60.0%, with UK shopping centres now down to 18.8% by market value. -------------------------------------------------------------------------------------------------------------------------------------------------------- SP has been gradually recovering over recent weeks - and the market gave a positive reaction to today's results. Only downside - it has

Lovely to see the quarterly div hit my trading account today, I continue to reinvest and increase my ho!ding here.

I'm with you Harry 34. I was very lucky to buy in at 1.02p - march 2016. I then sold 60% of my ho!ding 5 months later in august 2016, to recover my purchase costs, so I am on a free ride here, with the remaining 40% of my shares, similar to you picking up a fantastic div return. Am happy to ho!d for the next 3/4 years and see how things progress. This has been one of my better investment picks over the last 5 years. It covers other less successful picks only portfolio lol - gerry

Hi bumbling - this has been one of my best ever buys !- got in at �1.02 in march 2016 then top sliced a bit too early aug 2016. Since then all my remaining shares have effectively been free - now I just take the quarterly div. A very lucky buy for me - though not all my investment decisions have been so fortunate lol. The peace and quiet on this BB is a long way away from the angst on ukog !!!

Lots of positives for 2018 going through to 2019, calm relaxed and measured, in his delivery. What;s not to like. Will leave it to those on here with more in depth knowledge, to discuss the interview in greater detail.

Hi penny I am in here at an average of around 20p. Good to see you on board. There are some good posters on here. Giving info on both sides of the debate. Check out vox market podcasts. 2018 should be an interesting and positive year imo. Also do take the time to work through baysilhope posts hope he won't mind me saying but he does have a unique and detailed way of communicating, but worth the read - cheers gerry

I shop in debenhams and am hopeful that it continues on our high streets. At the moment I am on the sidelines. Nearly bought in at 65p a while back. The intangibles worry me in the balance sheet but more so the levels of shorting. Whilst reported levels remain over 10% I shall wait have seen the damage caused to tlw and clln over the last 2 years. My view is shorting should be banned, professionals actively trying to damage a company and their staff is disgusting. A more respectful option if you feel a company is not performing well is to simply not buy the shares, but to short and force the s p into a downward spiral is wrong. Let's hope debenhams have an excellent Xmas trading period leading into a stronger 2018, then maybe the shorts will move on to their next target as they are presently doing with tlw, giving debs s p a chance to recover. GLA.

I have looked at buying in several times this year, and frequent two stores locally. The Basingstoke store is modern based in a major shopping centre, seems well staffed and welcoming and I have bought shoes jeans jackets and coats in there. A positive shopping experience. In Winchester the store is much older cramped and cluttered. Though I did pick up 2 very good suitcases for hols there. Overall a less enjoyable shopping experience. Having looked at the financials for Deb something that sticks out for me is the size of the intangibles £991m - I know it's lazy but does anyone have a quick breakdown . Sorry to ask should research myself. Think this ex div price looks right for buying in. Tlw.

Mick - yes it could go either way, looking good at 1.80 now - a lot of M & A in this sector - the deal will prob be looked at by regulators - Also another sector where the Govt is getting too interested.