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The positive here is funds can be generated accordingly from the sale of the oil instead of last 2 years SS has had to do placings as there is no other source. Where commerciality is confirmed the banks will begin to listen to secure loans. All possible with a bit of stringent management. Nothing to doubt so far that Portland could increase with a bigger pump and the Kim will also produce. IMO big times ahead for the 'operator' that will become a 'producer'. ATB
323 in 2016 up to a max of 470 in 2018.......and anticipating 470 to be exceeded when they connect a bigger pump. Kimmo ridge still to come and if that was to have similar pattern, well anyone's guess. Absolutely brilliant RNS this morning and continue to keep the faith. ATB
Patience, patience, patience with UKOG. I am sure some are beginning to get frustrated with sp levels and lack of news. News will come when ready, SS has no magic wand here. Options are you hold or sell up. So far there has been no bad news all positive. UKOG is now a producer and IMHO they will. Sit tight
And your patience will be tested. Decent volume continued to be traded. What's going is anyone's guess but we have had confirmation of immediate test flow and surprised everybody having been dormant for 2 years so positive start. News will come when SS has news and not sure he can do anymore at this stage?. Indicators are positive what is there not to like?.
sa ores, not putting you on spot and being challenging but the question that I play through is 'so what'?. If it is reported there was a tanker, it is positive, but what does it help the way things are controlled. It supports things are going in right direction and continues to build case, but we need news, positive news that will take UKOG to the next step of the journey. What do you think and what does it mean if a tanker was spotted?. ATB
Looking at the past patterns Willopillow, ANGS appears to spurt circ 30% and fall back. Looks a sentimental share as no key news to make it rise. What's happening at HH anticipated sp here to have been closer to the 3p mark. Interesting times and curious to what is happening in the background. Time will tell.
I am sure in an RNS it outlined UKOG would get the first £1.5m of profit made. Bring on the tankers and get this cash banked, or SS get UKOG to buy back some shares following the YA agreement where you pretty much increased the number of shares.
And if we say it was 214 barrels a day they flow into a tanker, X 100 days= $1,498,000 just from Portland
428 barrels a day and flow this into 2 x tankers x 100 days = $2,996,000 just from Portland
More barrels, more tankers, more days = more than $3m just for Portland
Just need to calm and not get too excited with the prospects / potential here.........massive!!