Member Info for jptop7

The need for these is going to increase significantly and are in a safe area . That is the significant part of tis jnr.

It say clearly they will be going for a mining application i am sure that is beter than most would have expected . GL dyor

"Following receipt of the final assays, work has begun on an update to the JORC (2012) resource estimate for the Toral project, which we anticipate will take circa 4 weeks. Such update, along with a new geological model, will inform the next phase of work for Toral, in combination with Wardell Armstrong LLP's metallurgical testwork, in order to move the project towards a potential mining licence applicati

"Following receipt of the final assays, work has begun on an update to the JORC (2012) resource estimate for the Toral project, which we anticipate will take circa 4 weeks. Such update, along with a new geological model, will inform the next phase of work for Toral, in combination with Wardell Armstrong LLP's metallurgical testwork, in order to move the project towards a potential mining licence application."

HH is and will go according to pla SS is currently preparing planning permission for IOW which if you watch his vid has him really fired up 3 x Oil in place than HH wowo . Site 1 will feed into all the other assets no need for costly loans at that pont .
The company is going to shock everyone if I know SS !! he will anounce very soon another plan in tandem he will have 6-10 sites pumping oil daily no debt and cash rich by 2020/21. dyor re rate will be sharp with no pauses imo.

Volume: 80,825,532 Great volumes should see the loan paid off very quickly and before we finish drilling .

1.29p £59,690.04 justprinted dyor

When the two port s and 4 kims are online 2019 my price target for site 1 is 7p based on 30 mil revenue Net PA conservative .
Not worried about next week . next year 2020 add 7p again IOW . gl dyor

Witin 10 Days the Rig will have arrived and the Horizontal well drilled an RNS declaring some new news !! Before then. KL$ delivere a staggering 900 bo on a short test . That will follow KL3 seamless transition from ewt to production . Oil price will average $65 and may rise to $75 over the next 4 months . we are hoovering at 20% of our value based on the planned 6 wells .7p is and where it should be within 12 months imo dyor

From SS 2018 Whilst these are early days in the planned KL3 EWT sequence, with the well still "cleaning-up", the continuous and sustained high oil rates can only be seen as highly encouraging for the overall EWT objective of establishing the commerciality of the Kimmeridge. The Directors consider that these positive KL3 test results now make it increasingly likely that both the Kimmeridge and Portland oil pools are set to make Horse Hill one of the UK's leading onshore producing oil fields. Permanent production at Horse Hill is targeted in 2019. I look forward to the continuing news flow from the remainder of the KL3 test and the final KL4 EWT."

U.S. security experts who traveled to Saudi Arabia to examine the wreckage of the drones and cruise missiles fired Besides, the experts managed to trace the trajectory of the missiles backwards in time, determining they were shot from Iran, the CBS source said.Stand By .

He is aming for 6 more sites on this acerage each successful site should increase share price 7p for 3500 bopd after fees and expences
Godley bridge, Dunsfold the IOW of course add to the equation but I think most will be happy with 7p per share to start with.

Estimatw on 1 site is based on 3500 bopd current oil price and cost deducted should create a valuation of 7p per share on 1 site. port 1/2 4 kim 6 wells in total (6000 BOPD possible !! calculation based on current allowed barrels of oil per day hence the additional storage the additonal tanker allowance as per planing 32 per day is for the initiall phase )
He is looking at additional site Kim being declared commercial will increase per site accordingly site 2

remember the during that period the price of oil was also at $50 , which is significant. Not only do we own a lot more acerage and % of the company but the oil price is a lot higher that combinations is what you should be concidering a revised CPR on top of that will imo change the valuation given here as conservative. dyor

The increased price of the acerage will change the size of the cake!!! it could double it or treble it therefore based on the cake principal the share by that nature are there, but worth more double treble. I am sure the de rampers can understand the example . I have noticed some very clever de rampers here .

UKOG
@UKOGlistedonAIM
·
5m
Well head protection cage for HH-1 now on site, ready for simultaneous drilling and production operations

https://twitter.com/UKOGlistedonAIM/status/1173998668799569920

Bitter / Sweet We bought more of the company, we earn more profit, we are now flowing the kim it seems like it is going really good with another two tankers at least out today . When the CPR comes in we may find our overall acerage is wort more than originally declared . Within a few weeks time we will be flowing the Horizontal port and the Kim at the same time . if we are currently pushing two tankers out with theport online its reasonable to believe 6 tankers a day .Do your sums we wont need to draw anymore cash and we will be YA free . A little bit og bitter now followed by a lot of sweet crude oil. gl

They may have to buy back a lot higher ,the overhang could clear a lot quicker!! with a higher share price the loan is paid with less shares?

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