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In the last 2 months approx with have had 7 updates on first gas etc.In the last 2 they stated first gas days away.Bod have now gone silent and no updates in last 3/4 weeks.The last one said was due to communication between various items on the site but would be quick. Why no update for so long. Is it possible that the amount of gas is way under what was expected and Board trying to resolve or come up a reason why they got the gas levels wrong.They need to let us shareholders know NOW what the delay is as at this moment they are misleading the market to link all OK when it is nor
If they were to look to raise cash using Royalties we have, dont forget we have a share in Trident Royalty and Mtr seem to do deals with companies they have a stake in.
Today’s RNS refers to the RNS of 19th January 2021. There is no RNS of that date. What is going on ?? There is an RNS of 25th January . Have they got the dates wrong ? If so how can we trust a company that makes simple errors like dates.
Fed up with people Not reading and understanding what is said... If you are to comment re read the RNS again... how many people commented re 39 tons being sent to Cornwall. The relevant RNS never said that.. What I don’t understand is we have had several positive RNS but price has never broke out of .56>.58.... today we go down...Why Why ... any ideas please
We really need some cash flow from Gold or Horse Hill as every time there is a share placing down comes SP. That will always be the same for Amy company with no incoming cash flow. Hopefully last share placing gave us enough to get Gold producing and selling or at worst get a JV for gold with JV partner up fronting cash for all developments needs
Whilst we have several great game changes , every placing drops us back up to 25/33%. We need to stop these placing some and if it means focusing Ono e asset so be it.We have no near term £££ revenue breakers ,so focus on one then its cash flow from production will help develope other areas ..Welsh gold whilst trying to prove its commercial, it is not as capital intention as Greenland but Gree land is nailed on for reserve assets. As such a small MCap it is so difficult to develope both at the same time which means more share placings. Difficult as which do you focus My thought if latest assays are positive for Gold, focus there are caped lower .
A thought...it is expected that we will details of recent drilling assay etc.If the results are good then we would hopefully get a positive movement in Sp. So why not wait for the hope of a good rise in Sp then do a placing which means less shares would need to be placed...OR.. do the board know some of the results were not as good as hoped for, resulting in a downward Sp.
Really good article about GGP in daily mail online
A Thought===the amount they are now recovering equates to approx 1 tanker per day===is THIS a coincidence ?? bear in mind Oil in ground is not going anywhere...So bringing out a tanker a day covers costs in short term whilst get FDP which hopefully can get transport costs cheaper in long term
his undoing was in the interview he gave late nov/early dec saying that Oil at Brockham would be flowing by Dec 2018. Where is it. Any director who made such a positive statement and 1 month later, we had not heard a squeak as to why delays was bound to be let go. The big question we need and RNS today again did not include an update as to wht Brockham is not flowing or what they are doing to get it flowing
someone posted the other day a link for mighty ships showing how an FPSO hook up. It was so interesting and explains how fraught the hook up can be and how the weather IS SO IMPORTANT...If cant find link lookup MIGHTY SHIPS..This is such a small hiccup, traders playing for a 1p
Remember this is an EWT not production, so average flow rates are totally irrelevant as on a weekly basis different choke sizes are used, pressure build ups etc and it was not a production well drilled. Also remember when we drill horizontal it will be a different ball game. If we produce from All 3 layers ( poss 2 if we see Kimmeridge a a single layer) 1000 bopd is there. So the best bit is we know it is commercial which is what the EWT was designed to do. And on the back of this great news, we have alot wells to drill. Sit back s I intend to do and review end of 2019 when we will be in full production with more wells ( especially IOW ) to come.UKOG is a medium/long term share
In a way glad this has come out in open as gave me a chance to add more shares at 9.01p. The good thing is that PV can not afford any slip up before the EGM as his job is on the line. Surely he will push to get Brockham producing asap with a great flow rate or the road for him. As for raising funds, as we have no income, he needs cash to look at bringing other sites to production such as Balcombe and IOW. SO its over to you PV to prove you are the Man to take Angus forward with its many interesting oil plays
Nothing been said about this lately. Anyone heard anything recently ??