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Its back up to .60 , literally a "dip".
Fair play to any who topped up or quickly brought in.
Exactly, people expect perfect results first time.
I am no expert but I would say is that they can't prepare for the mud as it could be different kinds of mud requiring certain acids. For example a more clay like mud would require X acid and oily mud would need Y acid.
Also take note that another well not too far required the acid and afterwards was a commercial success.
Unfortunately I had the coffee ready and Steve Sanderson's stock printer started going Brrrrr and knocked my drink over.
Awaiting the good news. Don't forget Reabold still has money coming in from California.
True, they dont own all of it. How they will pay wages and fund more wells is anyones guess.
Steven Sandersons stock printer will go Brrrrr
I stupidly averaged up to .25 and after the last two days i doubt it will go above this for a while. I was hoping to skim some profits for personal use and now have sold all at .24 and still need the personal money.
Good times :)
Ive sold my holdings. Just a small loss but after consideration I have not got the patience for this. It may well rise in the future but not for 6 months, after the last two days this is battered. HHz2 watered, Loxely appeal will be 12 months (IF they appeal), IOW could get turned down too.
On HH is producing and its a shame they are only doing 300BPD. What happened to this new pump, why are they not doing 600BPD or more. I know the report was UPTO March but theyvtalked about recent things so they could if mentioned a newer better pump.
Cup half full comment is terrible.
Reabold resources for me for now. They have *hopefully* positive news upcoming regarding Romanian Gas and a larger more proven well in West Newton.
There could still be one or some big sell orders on going. They will show up once completed. One big sell of 200 million could cover 100 buys of small amounts. For every sale, someone must buy. This is why the price drops and there are more buys. The rebound once the sell order is complete is what will send it up.
Hopefully much better revenue next year. If Covid 19 had not come then oil prices would of been higher resulting in more cash.
It wasn't the best but that was expected. At least they acknowledged the shareholder feelings. There is light;
Horse hill - MINIMUM of 300 barrels a day, lets keep minimums and say that UKOG make $25 per barrell (if prices are above $40).
300 × 25 × 360 (days) = 2.7 million (Minimum)
Also it was mentioned that they will do another perforation of the well which will increase the flow rates.
We WILL see good revenue next year.
.20
Some good points about this that may have been overlooked by most. Ask yourself, how was this to be funded? More new shares, loans or other methods. We have no update on HH we have no idea about income from it. We can guess 300 or 3000 BPD but UKOG need to confirm.
Loxley was also about exploration. Old data "suggests" there is gas down there but it needed exploring.
Rather than exploring everywhere and digging new wells, they should FULLY commercialize Horse Hill.
So yes, it may have been bad for the stock price (for a day) but possibly good for the company and the stock price mid to long term.
He done an honorable things and admitted he was wrong, personally it appeared he was trolling but I think he just had the right questions as a new guy to the share, we all have questions. He ate his hat (although not streamed lol) and is holding.
I wonder if any 10p in 6 months rampers would be the same...fair play Oldbury.
Never seen an advert on here.
I use brave browser.
Forgot;
https://twitter.com/AimEnforcer/status/1276412634775072768?s=20
A bit of oil porn for you guys.
Not going to do SP predictions, but I bet £1 that we get 6 tanker loads today.
UN Number: 1267. Hazard Class Number: 3. Shipping Name: Petroleum Crude Oil
Our mate Gregg (tanker driver) gives the heads up, from tweet;
As the sun builds up above @GroupBkp we both have a busy day on #1267, Take note of the wheels today ????
Today is the best day of the week! FOOTDOWN FRIDAY!!!!
Laters....
Looking at the volume of shares traded since June 4th, let alone this week, Mr Sanderson could issue another 100 million shares tomorrow and Henry would just vacuum them all up.
Having new shares is NOT GOOD, but, its a minor amount and looks as though they are sold already. Glad its quick, done and dusted.
Lastly, slicing your profits is a personal choice for personal reasons, if a ramper has the balls to say he sold some they fair play to him!
A black Aston Martin DBX, 20 plate, just whizzed past me on the M5 North near south Wales. My Picasso will catch you next time!!
True, wasn't delibrate.