Member Info for goldforefinger

All acquired on the cheap and totally necessary for the long term plan.

wizard125,

I'm afraid not but IMO SS has a plan that many pi`s have been to short sighted to see, He has been buying acreage, Why? Certainly not for farming or house building, He knows just what is down there and he has maintained all along the UKOG WILL be a producer and not a small one!. Its clear he is a cautious man and nothing like DL, which is a good thing IMO and within the next 3/4 months this plan will be clear for all to see.

Yes folk will knock him, Yes he may even dilute again but don't lose sight of the big prize, and remember there many companies out there that have billions of share in play, and still produce a very healthy SP.

Gold

Excellent news - Full steam ahead.

IMO they are trying to get the timing right, and want the rig in place to drill ALL the wells and not just the two that are currently approved.

Slight delay due to the planning but its clear its going to happen and with SCC planning approval (hopefully) then the July, August and September are going to be very exciting months!

The latest PBU yielded significantly better than expected results, with little or no apparent pressure depletion compared to the last PBU in early April. The potential positive impact on connected oil in place will therefore be thoroughly evaluated and reported in due course.

The successful Portland and Kimmeridge extended well test ("EWT") programme has now produced an aggregate volume in excess of 45,500 bbl to date, with a landmark target of 50,000 barrels set to be achieved over the coming month and prior to the start of the forthcoming horizontal well campaign. In order that the HH-2 Portland well can be drilled, the current plan envisages that once HH-1 Portland test production exceeds 25,000 bbl, production will be switched back to the Kimmeridge oil pool.

For prudent Portland reservoir management purposes and to ensure there is no detriment to the expected high performance of the HH-2 Portland horizontal well, the average pumped rate from HH-1 continues to be maintained below the previously reported 362 bopd calculated sustainable rate. As previously stated, based upon well-established reservoir engineering metrics, it is expected that HH-2 has the potential to achieve a rate of 2-3 or more times the HH-1's vertical rate of 362 bopd.

Following a successful tender process, the Company is now finalising contracts for the forthcoming drilling campaign and preparations are now well advanced for simultaneous test production and horizontal drilling operations at Horse Hill.

Could drop anytime and IMO it will be this week.

I think everyone just needs to relax, The oil industry takes time and when you consider we are trying to do this in Surrey its going to be a bumpy ride!

Make no mistake this is going to be massive. SS is ahead of the pack and now leads the way. IMO he is playing a blinder and in time the SP will rise - Very happy with my 1.71

GLA

SS knew this going to happen as the Weald develops, Positioned UKOG early and took advantage of the low prices, Smart move and is good for all the PIs.

very much so

Having been in the share for a number of years its very clear to me that SS agenda is very simple.

IMO Acquire as much of the Weald as possible, Prove up the Weald and obtain all the required permission for full scale production then offer the lot to a major for 4>7p somewhere in that range.

Anyone here?

RNS coming today, Whether you believe or not there was a code 1 on Friday, Many thinking it could be the CPR...

Lets see how it plays out today!

Message removed, Good to see!

Happy have a pint day.

Anyway I'm more then happy with the progress being made and as said yesterday I will continue to top up, after all lets face it, its just a matter of time before the two additional wells are completed, Planning approved and HH fully operational, What is not to like?

The its back to BB to resolve the problems there.

Happy days

GLA

Only a loss when you sell, For me this presents another top up opportunity.

GLA

imo

Whether a placing is liked or disliked IMO this placing is solely to capture a "irresistible" opportunity that has presented itself before the BOD expected.

Yes its awful to see the SP drop again and yes people are sitting on big loses but those that are prepared to wait, and those that can afford to wait will be reward, SS is not a get rich quick merchant and it focused on building a mid range oil producing company, We know the Weald is of considerable interest to both producers and doubters and yes its going to be a long road but those LTH will be rewarded.

Topped up again today as this is a unique opportunity at these prices at this stage of UKOG development/production.

Another piece of pie arriving shortly GLA

DHC I agree but maybe an opportunity has presented itself that is simply to good to turn down at this stage!

Remember we are fully funded for the current operations throughout 2019, So if the rumour is true then who knows what its for!

Don't panic, Sit back and relax, This is a LTH and if the price drops I will be waiting to hoover up a few more shares!