Member Info for JiffyBag

Ak,

Thank you, :)

What is the likelihood of an RNS, upon successful completion of the AM Sea Trials?

Wish he'd do another walk with the FOTH filming him, as a couple of BKP Tankers overtake him, :)

I know it goes against what has just happened with Solo etc, but Solo is classed as an investment company, and UKOG have just relinquished that status, ie to Operator. So maybe that will now make a difference? not sure.

Thorpedo:

'When a major comes knocking I think it will be for HHDL'

My thoughts on this and I may be completely wrong apart from no1) are;

1).HHDL is a private limited company, of whom UKOG own 46.7%. of HHDL, and is therefore owned by UKOG shareholders.

2) Surely, the shareholders of UKOG could veto SS in such a situation?, EGM etc.

http://www.morningstar.co.uk/uk/news/171028/what-caused-the-market-slump.aspx

Boyzee,

Ritson has been replaced, so no canary then eh?

http://www.solooil.co.uk/who-are-we/the-board.aspx

LEJO, Print it off and put it under your pillow, maybe the 5p tooth fairy will come in the night!:)

I know, I have to keep pinching myself,it was a great RNS, as Neil Armstrong said when he landed on the moon (Lol),

The Eagle has landed. That's one small step for us Coggers and, one giant leap for the Weald concept.

Happy Days :)

5M shares buy just gone thro, exciting! :

Excellent RNS, can't wait till we get another 5 wells :)

Flare stack is a Flaring, Oil is flowing, Tankers are a calling, new drilling sites are being sourced, that's it really.

So far much better off than a year ago all in all, and I reckon Broadford Bridge 'WILL' be made to yield it's oil in the end.

Starbright,

Exactly, very well analysed as usual.

Re: 'There hasn’t been enough new news outside of Portland results to cause a re-rating either.'

So the focus /crux of the matter in a rerate in going forwards from here, is therefore Commerciality
of the Kims ' yes?

I

Ifonly,

Rinse & Repeat, Rinse & Repeat, .............Were you a parrot in your previous life?

CW,

To answer you question,

IMO, the price has dropped over the last few days simply because there have been more sellers than buyers in theory at least, not rocket science is it, Solo at al, see RNS's etc..

However, what isn't priced in yet IMO are the 'Long Term /EWT tests for the Kimmeridge that hitherto were not available last time we tested in 2016.

These tests plus a final CPR a few months ahead as yet, will determine the real price.

What we are seeing at present, is nothing more than short term trading and those folk whom are sitting on the sidelines watching and waiting to see where this all goes.

Try and ignore the noise on here and make your own mind up by looking at the RNS's and the results of other Weald oil companies. Good Luck.

No Heid, these are the rates.

https://www.youtube.com/watch?v=WsMjBMxpUTc

Why do we actually have to take the pump off?, surely we can just turn it off can't we and divert via a valve, I would have thought?

I don't know the answer to that question, maybe one for the Oily Techs to answer.

Argus,

I do recall Magellan being on a 'Free Ride' as far as testing costs were concerned , but did not realise testing/ oil sales were excluded.. The more tankers the better then :)

Argus,

You were right the first time, its 46.70%, don't forget Magellan share.

HHDL owns a 65% working interest and operatorship of the Licences. UKOG owns a 71.9% bene?cial shareholding in HHDL, which equates to a 46.735% net working interest in the Licences. The remaining 35% interest in the Licences is held by Magellan Petroleum (UK) Limited.

At this point in time, a pipeline will not be on the cards, FACT!

Why?, well in the first instance, UKOG have already declared Tanker movements for moving production from HH over the next 20 years.

Secondly, to build a new pipeline will cost millions, and the existing Esso pipeline is only and specifically for Aviation Fuel .

Forget that hypothesis

Jarrovian,

Agree, funny about anti-bacterial wipes, made me laugh, are you paying attention Scandic and If-Only1 ?

Re; Mid Cap interested players, Perenco, (Anglo French?) /Wytch Farm players?

Maybe not just yet, but given previous history re the French and UKOG , and the fact that no more Exploration is allowed in onshore France , that may be a potential suitor in a year or two? Why were the French suddenly interested in 2017, why did they leave? Who bought the 25M shares on Friday? In my book it was most certainly a buy.