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The expenditure required to drill similar wells was estimated at £3m by SS. UKOK have £12.5m in the bank and SS confirmed that Portland will continue to produce all the way through 2019 and we have KL3 and KL4 that will also provide income. As SS describes it that is some chunky change!!. The other very interesting comment bySS is the the UKOG production train has left the station- exploratory only label has been removed- and the train is heading to a very interesting destination. I guess some investors will be able to get on at next station but the train is getting fuller.......brilliant interview and next stop here we come. ATB
Is not going to issue any RNS willy nilly. He wasn't popular on the situation with BB so he IMO is playing this straight and will not misrepresent any detail. Too much to sacrifice. Patience and big waiting game here. On the news so far this should be screaming but market is cautious? If Solo is the blockage, time will tell. KL3 and KL4 still to be confirmed.
I am sure SS will have these progressing following commerciality of the Portland as he will want UKOG producing as quickly as possible in 2019 for obvious reasons. GLA, coming together quite nicely if you don't mind me saying!!!
SS your certainly bringing it home. Brexit talks and UKOG announce an onshore commerciality oil source. UKOG on the map and this is simply the beginning. Guess a number of majors will begin to sniff......45% recoverable! who would have gussed that. Brilliant.
3p, 4p, 5p...........this will rocket. Think I read earlier from some poster this ain't going to happen and hit 1.6 or lower. Come on you serious. These test results are fantastic and appears testing is going full blast. This is exactly what we want and next update is going to change landscape.
Look forward to you posting again at your stated amount...........20p. Bring it on and thank you for sharing the link regards the 4 additional wells and as you have gathered over the last two days, it has brighten things up on this BB. ATB
UKOG now the biggest licence holder in HHDL and it's time to call the shots. Let's get the show on the road and SS share an abundance of quality RNS as it has been a long time since we saw any positive and meaningful movement in the sp. We are eating into the 150 days, you now have your acquisitions and you have done for some reason so start revealing the true colours of UKOG. Think many have waited long enough............
Scandic, I am sure questions we would all like to know. Some will put positive spin, some negative, but all will come out in good time. No insults yet........nothing for you to be challenged on as all very reasonable points
Any build up of pressure on the sp to move it north following the late RNS to advise about BB. Clear strategy in place during this year and next......-and fully funded. In my opinion no further placings will be done as due to commerciality, banks should now favour loans as we are now demonstrating tangible assists that hVe value. Can only increase as the Kim layers prove to be commercial. What is there NOT to like here?. So much going on that IMO mm's without notice will let this go big time catching many off guard. The news over last 2 days have meant great change at UKOG but sp drifts.....must be a background reason which I am sure will be revealed. IMO one of the hottest stocks in AIM at the moment and the mm's know it.
Mixed emotions on board. Disappointing that the news contained in RNS did not propel the sp upwards. Satisfying that UKOG is reporting very positive news with more to come. What were we hearing few weeks back - it's another duster, BB all over again, placing needed, etc. facts now delivered and very satisfying the way this is progressing.......at last!!!. Onwards and upwards, only going to get better IMO of course.