Member Info for JiffyBag

Monday :)

Got a feeling, Ifonly1 will be buying tomorrow :)

Sting,

Re: 'Anything more we can not handle at the moment'

That would be a nice problem to have to solve, where there is a will there is always a way, imo.

Starbright

The multi well pad concept was and always has been sought for years now, it’s nothing new.
http://www.ukogplc.com/page.php?pID=95

https://www.youtube.com/watch?v=3C9g7jpp6ZE

Obviously, UKOG are planning ahead to get the permissions in place for a full production site, exciting news.

You don’t buy more shares in HHDL and put planning apps into place for no reason.

One step at a time and we grow organically. There are some interesting docs in that planning application.

One well will fund another imo and so it goes on.

Thank you Dr Rich for your post, must admit I had tried looking for same info as the intended production application was mentioned in one of the RNS’s or reports cannot remember exactly, I was looked under Surrey Council and found nothing, now I know why .

Cocker, is Scandic your bedsit mate by any chance?, very similar language if you don't mind me saying so. :)

Have they let you out now Marky?

Fishing for Fish, I reckon :)

http://www.lse.co.uk/member-info.asp?nick=Pboo at 09:09

3Card

Solo for example have taken UKOG shares in part in exchange and require cash for other investments, ie Tanzania

https://www.youtube.com/watch?v=Fc2-zOwtxeY

Jay,

As you may or not may know I like yourself hold HUR, now that is another different kettle of fish.

I personally view UKOG as a High Risk/High Return but at the same time 'Risk' is something that cannot be quantified so easily.

If I was to place UKOG on a risk spectrum of 0 to 10, UKOG would be about 7 at the moment could change tomorrow:), whereas HUR would be about 5.

One takes a gamble in life and that is what I'm doing.

Swings and Roundabouts :)

'Having oil is one thing, per well ‘sustainable’ flow rates is the deal breaker here, and on that point the jury is still out'

That Jay, is the point of the EWT's is it not?

We all await that news, ie CPR from Xodus etc. Too early to call a position, but on the face of it looks good to me if taking the 'Weald Concept' into account.

Jay,

Also if Oil reaches a $100/Barrell as some pundits are predicting (Iran etc) , then in the short to medium term , ie 3-5 years who knows? I can see UKOG doing well :)

Of course, everyting will depend on HH, we are at a very serious juncture.

Jay,

Overall, I do honestly believe the Weald concept has real potential, yes in between we will see ups and downs but the oil is there ffs, and UKOG has a massive share of the Weald. At the end of the day it's the ability to extract and the ability to move onto the next target in a timely manner so as not to inhibit cashflow.

Jay,

http://www.ukogplc.com/page.php?pID=95

Just highlight and rightclick, Google Search, brings you to UKOG website.

Further,

If Angus's Balcombe Horizontal well does well :). then I think all will have to sit up and listen to the whole Weald Concept

Jay,

You know where it was copied from :)

UKOG's own website, and You Tube, the point is the concept is good, the actual depletion rates are as this point in time unknown. If 2500 BOPD is achievable for HH alone, then that is good in the short to medium term, Yes?

The Exodus depletion rates are as yet unknown in reality, and IMO will be calculated to provide a minimalist expectation. The fact is we just don't know as yet.

Jay,

'The development studies are based on a conceptual multi-well pad with 12 horizontal production wells delivering around 2,500 barrels of oil per day at peak production, plus an associated production processing facility site. '

You take that, plus other assets as yet to be developed, yes Rome wasn't built in a day, but the way I see it taking depletion rates into account but, as yet we don't know that! do we?

Hi Jay,

Forget 'Nodding Donkeys' all will be undeground.

http://www.ukogplc.com/page.php?pID=95

https://www.youtube.com/watch?v=3C9g7jpp6ZE

The way I view UKOG buying other companies shares of HH, is purely and simply an investment in future cash flows, that will given the potential of the Kim's and Portland combined, payback several times over.

All of course goes without saying is wholly dependant on the future EWT's.

However, there has to be a reason for investing further and that I think has already been evaluated by SS and his team.

He clearly knows more than we do, and UKOG have decided it is their best interest to do so.

Dean,

I know, and that price most obviously includes the charging, nowt is free is it?

Watched a You Tube review on Tesla's , nice motor etc, my only concern is how will they will fare in the winter and cold temperatures, batteries don't like the cold....