Member Info for JiffyBag

On the basis of what exactly?

We require 'Strong Commerciality' and that my friend is some way off at this point in time, let us learn to walk before we can run.

MM,

Here's the whole article :)

https://www.fool.co.uk/investing/2018/07/10/is-the-ukog-share-price-heading-for-7p-again/

Don't know why folk are going on about a takeover of DOR. Complete Tosh imo. Why take a company like DOR over? Yes buy their interest in Horse Hill Developnents , that might make sense, but Only if we know Horse Hill is Commercial. Any horse trading will I imagine be done after and not before flow tests are completed , Imho

Oilbell,

All we know is the information as reported in the RNS of the 03rd April,

ie,

Significantly, prior to the testing campaign these fracture-related data showed the key fracture sets to be open, i.e. likely able to transmit fluids under reservoir conditions. Consequently, neither the drilling fluid nor drilling and coring methodology appears to have "damaged" the reservoir (i.e. blocked or plugged fractures surrounding the well bore). As to whether these fractures remained fully or partly open during the necessary pressure draw-downs following acidisation used during testing is currently under investigation.

Fort,

I agree, in the interest of a fair and balanced view we should always seek the facts, hence my question.

IMO, I think we won't see a pump for a few days more yet. TFOH vids whilst welcome are sometimes misleading IMO.

Red,

Do you have the link? Was it done this weekend?

Thanks

Argus,

Thanks for posting that very important piece of information. I suspect not many were aware of that letter.

Question in my head is why did the OGA put a limit on the amount extracted , 2000 bbls and request a closure after completion of test?

Very interesting.

Sting,

You are certainly correct right re dreaded the F word, times are a changing by all accounts..........

After all oil and gas exploration companies need a process that is streamlined and provides faster approval if the meaning of 'National Significance' is to be taken seriously, IMO.

Of course it's not without it's opponents.

See below article

https://www.energy-pedia.com/news/united-kingdom/uk-lawmakers-oppose-plan-to-remove-local-role-in-fracking-decisions-174068

Scandic,

It won't be long now, you have an 'Opportunity Knocks moment' to buy in cheap and I mean that most sincerely folks as Hughie Green would say, :):)

Don't miss the boat, the train is leaving the station, the Disciples are gathering, :):)

In the next few weeks all will change, be positive.

Why do I say that, I hear you say?

Simply because sentiment alone is changing, Billy is out of the picture thank God, :):):)

All is well, the tea leaves are aligned.

Complete and utter 5ollcks!

Dougal,

From what I can discern, it was a private affair/ £350 a ticket job,

Our only hope of learning what was said by our Glorious Leader would it seem to be via a 'Media/Press Release'

Have not seen anything as such but there was a poster on here, Pokerock I think his Nome De Plume was that was there. Maybe he will pass on his notes to the UKOG BBoard, hope so.

No Thanks, why on Earth why?

Nom,

Yes, posted exact article earlier today, looking promising should HH be commercial in the short/medium term. Obviously POO can change between now and 2019 but overall looks encouraging.

Sting,

That is some investment,6.8 million, £115K, well done Sir, you must have Balls of Steel! Good Luck!

For me, I'm currently at 2million, average 2.6p.

Feeling very positive about our future, irrespective of SS and communication issues in the short term, because if HH flows and is commercial then we are on our way.

If it fails then it's a hard learned lesson learned, but overall am prepared to sit and wait for the other assets to come up with the goods, principally because we know the oil is there and will be extracted one way or another.

https://www.bloomberg.com/news/articles/2018-07-06/oil-spike-above-150-feared-as-investors-demand-cash-over-growth

Hopefully with good news in coming weeks at HH this share might go somewhere if the POO increases even further than it is today. See above article.

Is it so difficult to read an RNS?

02/07/18

'After today's conversion, the par values outstanding on the loan is zero'.

Wrong Board arty , reported

Chae,

I reckon so.

The tanker we saw ,may well have been carrying acid, who knows?

According to this document, October 2017

https://mycouncil.surreycc.gov.uk/documents/s40797/Item%209%20PDF%20FINAL%20Officer%20report_SCC%20Ref%202016-01894.pdf

Item 32

During the 1st Phase the processes of workover and EWT operations may be repeated up
to three times in order to test the target reservoirs and involve:

Workover and Portland EWT, workover 12 days, EWT 6 weeks

Workover,
acidisation and Lower Kimmeridge Limestone EWT–workover 12 days, EWT 5 days

Workover and EWTs for Middle and Upper Kimmeridge Limestones
–workover 14 days, EWT 56 days

If the plan is still applicable, I do believe it is in the correct sequence.

Steve Sandersons, Mobile Share shop...... coming to a town near you, must have bags and bags of 2p coins in it I reckon.