ocelot Well what else would you say in a game of poker when you have been dealt a pair of 2's. Did UKOG get any payment for oil produced at Brockham? I notice you always seem to quote ALBA when UKOG is the operator. I see no sign of formation water reinjection at Horse Hill during 2022. I see no sign of infill development of both Portland (HH-3 well) and Kimmeridge (HH-4 well). All we see is continual workovers on HH-1 with no information on why.
RE: European power prices reach fresh records11 Aug 2022 14:27
Meanwhile back in the UK UKOG haven't even made it to the track. Not sure how long it takes for the High Court to reply to those that have appealed against the Loxley decision. It really could drag on. Think it was only 3 parties in the end, Waverley Borough Council , Protect Dunsfold and The Good Law Project.
HH1AN2 The road was for the Riding School. Any idiot could see that. 3 tankers a day but how many a week? Do you know how much oil it would take to fill a pipeline from HH to the Hamble. You really all do live in a dream world. Just look at how long it taken for some of you to work it out. Some of us have known for years. No update on last weeks Basur trip. No update on HH workover. Let me think. Which bit of that is good news? They really are taking the ssip.
Oh. He is missing all right. Is it because of his fake stories about pipelines, new roads into HH, underground pumps, flow rates and any other subject he could use to promote a rise in the SP. He has been caught with his hand in the till too many times to count. You forgot to mention the times he was ****ging off all his so called "mates". Snake oil wizard, dopey tony, postman pat. Need I go on? When the company don't update on workovers you just know the news is not good even if we only get 1 tanker a week. Should have been due 1 today if all was well.
RE: This is being held at the placing price11 Aug 2022 10:27
from 20 July 2022 Operational Update RNS
"a new Basur appraisal well, now anticipated to be able to add near-term oil production to the Company in H1 2023, subject to necessary funding."
Notice the "subject to necessary funding". Could that be a clue as to what sort of placing or placings they will be trying to do? More emotional blackmail on the way imo.
"a new Basur appraisal well, now anticipated to be able to add near-term oil production to the Company in H1 2023"
With a 50% stake in Resan/Basur they would need 110 bopd to cover our annual costs with POO at $100. The nearest producing oil wells are at E.Sadak where they were last producing at about 35 bopd from 15 wells in September 21. The decline rate in this field is quite high as 3 months previously it was 45 bopd from 13 wells. We should get an update in November on the flow rates in Turkey.
RE: How much cash is really left.11 Aug 2022 08:52
Work it out. Burn rate over £1m every 6 months and "The Company will, therefore, need to seek further finance before mid Q4 2022 to fund this planned programme and for general working capital purposes. " from recent RNS.
ocelot Are you a serial stalker. Why would you want to comment on a total strangers portfolio. Do I call you out on your choice of shares and tell you had bad your choices are? UKOG is not the only share in the world. I have traded on over 100 so far this year. You really do have an unhealthy view on those that do not follow the party line. Perhaps it is because some of us can think for ourselves unlike the brainwashed.
Pboo I wouldn't know. Not been near there for years. You have been there more recently than me by the sounds of it. I only ever passed it on the way to HH. I didn't even know it was there until Adrian started drawing attention to it. How many times did you park your truck there?