Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Muted response to #UKOG Horse Hill news - no cause for concern. Well revenues pay for rig costs! Ignore the trolls https://contrarianinvestor.net/posts/muted-response-to-ukog-horse-hill-news-no-cause-for-concern
Good phone call with David B earlier to clarify a few points on my UJO review. Interesting on CPR and next well at West Newton as well as planning committee. https://contrarianinvestor.net/posts/2019/9/20/union-jack-oil-shows-promise
All lift, marketing and transport costs added. Looks very good at current share price 2.5 price/earnings. Don't think anything missed. Lifts costs based on below $20 estimate from 2018 results. Enjoy! https://contrarianinvestor.net/posts/2019/9/20/what-is-ukog-really-worth
Looking at next years earnings from HH at 3500 BOPD, 1.25p equates a forward p/e of less than 2. Looking at 5-7p as reasonable based on 7 billion shares in issue. See analysis at https://contrarianinvestor.net/posts/2019/9/20/what-is-ukog-really-worth
Tankers on the move generating income, planning permission locked and loaded, rig arriving within hours or days. On a fundamentals basis re. Valuation against 3500 bopd and also momentum (at this depressed level) looking highly encouraging. Next week is going to be mighty exciting for those long ????
Now a wait for results at MATD’s Heron-1 well given the casing is completed and the well is temporarily suspended awaiting the testing kit to arrive. Testing is scheduled to begin in early October and completed by the end of the month. The Gazelle-1 well will spud before the end of September has 50% Chance of Success (COS). MATD hasn’t been fortunate with Red Deer-1, investors will be hoping that flows from Heron-1 are promising to bounce the shares of these levels. But a couple of week wait for results might cause some share price bounce. For adventerous investors with a high risk profile, buy on dips.
See full article at https://contrarianinvestor.net/posts/2019/9/18/petro-matad-suffers-curse-of-aim-oiler-duster
Indeed. The key is to make sure the new wells are drilled optimally. No BB mess ups. Then 3500 bopd. £52 million a new revenue net to UKOG. Current market cap c. £80 million. Get YA out of the way, rig arrival.
Yorkville advisors = YA. The so called "death spiral finance" as they issue a loan to companies in return for the issue of shares. Not a great outfit to be using but necessary until reserves in CPR
The next few weeks should indeed be interesting and I would be very surprised indeed to see the 1p mark again. With rig arrival, start of drilling of both the vertical and horizontal wells and a CPR to look forward to as well as Dunsfold planning meeting, RNS a plenty due. For those interested I've wrriten up an update at https://contrarianinvestor.net/posts/2019/9/14/ukog-update-september-14th-2019-82d84
The Surrey Planning meeting was an incredible result as the enviromental lobby is so strong in Surrey as well as Sussex and to be able to drill 6 wells for 25 years is a huge plus even if the shares didn't shift much last leek due to the Tellurian funding. good luck all!