Member Info for Harts

Think report should be out tomorrow or failing that Friday.

Correct me if I’m wrong Alan but after watching your YouTube videos the plug doesn’t need to be aslong as the water zone it just needs to be able to cut off that particular part of the well, hence the word isolation being used. As Alan said the water is most likely below the oil and therefore it should be a simple procedure of isolating that part of the well and anything below it. If not that simple then two plugs will be needed. Thought the news this morning would push us out of this trading range maybe the lead up to the rig arriving will.

How charming, good job I've never invested in UKOG or posted on their board.

I won't say anymore on the matter and will never post on this board again if a placing hasn't happened by the end of May.

Also Yanis no ones been sucked in there has evidently been someone offloading at 5.6p way before placing a were brought up, it’s clear to see in the trades!

Yet you leave out my post suggesting end of April/ start of may it depends what you call short term doesn’t it. I’m allowed to voice my opinion you are just upset because it doesn’t suit your position.We shall see what happens won’t we. Let’s hope Tids finds that water section and manages to get Brockham flowing.

I never asked for my post to be tweeted to Angus. It’s just my opinion that I base my investment decisions on. I still have distrust from the last company comments of strong financial position only to place a couple of months later. I’m sure Lucan will sort it out but we will need more financing before we are fiancially sustained by our own production.

A placing is coming it's just a question of when. Could be weeks could be months. Lucan won't want to use the 1.5 million second drawdown otherwise he knows this SP will go into free fall by forward selling from YA. He will most likely issue a placing to get us through Brockham EWT and Balcombe. If I was him I would place now get the turnover of shares started as soon as possible before testing resumes at Brockham. If he places, we buy more shares and Brockham flows over 1000 bopd then all will be forgotten and the money will have been put to good use. If he doesn't place and Brockham experiences issues with water isolation then it becomes a massive issue for the company.

Why does it say 28/1/2017 on the recording?

I still think DOR are forward selling their shares as every time we get a few big buys sells come out as soon as the bid hits 5.6p. Do I have proof? No. Why would Lenigas sell? Needs the cash and wants to get out before another placing hits. Just my opinion unfortunately no facts to back it up. Now putting on a tin hat for you lot to disagree about a non rampy post lol

You talking about the two big trades at 10.28 and 10.29? Being reported as sells because they just fall under the mid price.

Russell are you on level 2?

Well done UKOG.

I would rather wait for the long term flow test of Balcombe though as we all know what happened when SS tried to drill his own well ........ Have fun churning through all those shares as well what's your average 1.5p?

I wish you all the best for HH2 and HH1Z as if they go well then it proves up more of the Weald, but my confidence in SS not doing another BB is limited. Of course as you know we have had our fair share of issues with Brockham but hopefully son resolved as there was oil to surface.

The bid and ask was 6 and 6.2 for a bit yesterday so could have been a late reported sell. Would explain why we didn’t push higher only the buyer/seller and the MM will know!

Indeed annoying someone is offloading but who? I suggested DOR but Lenigas says no. Just shows that when these sells do stop there won't be anything stopping it flying upwards.

Yes you are correct I was just asking what people thought their current cash position was and how they reckon future funding would be generated. My thoughts were that Lucan may want to get cash in the bank before Brockham site activity kicks off and it seems everyone else disagrees. This has given me more confidence to hold for longer.

Good to hear your thoughts and yes have experienced open offers/ shareholders rights the issue is the SP normally goes down to that price given unless they are in very sticky fingers.

I hope you are right in that we won't need more money till we are flowing at Brockham because as we are on a charging run upwards atm. Just need those permissions to come through to clear the rest of these sellers and upwards we will go very quickly.

No not imminently maybe by the end of April / beginning of May, it's complete guesswork as we only have the accounts up till 30th Sept 2018. They will need more money at some point as Brockham isn't going to be self sustaining the company over night as these things take time. The appraisal testing will take a while to determine at what sustainable rate Brockham can flow for long term production. Hence why I wondered what approach you think they will take. I agree Lucan won't want to go to YA or Bergen but he will always have the other 1.5 million that he could draw down if things go completely tits up is what I was trying to say previously. I'm not trying to cast doubt just saying it how it is. In an ideal world the SP will be in double digits and then they can go to the shareholders for some more cash. Thoughts?

Does seem to be taking that course as Lucan's was quick to get rid of YA and they by no means have to draw down the other 1.5m. So what do you think will happen Yanis? Lucan gives current shareholders opportunity to buy at 5p to raise some cash?

Certainly makes tomorrow interesting! Onwards and upwards looking forward to seeing how Lord Lucan plans to finance us through this year apart from large flows from Balcombe and Brockham of course!