Member Info for jptop7

watcher Adrian pops up at lunchtime usually. and spots 1 could be 2 3 or 4 highly likely as probability of seeing one at lunchtime every days is unlikely ' KL4 is flowing which is of course the main point and looks to be commercial 3 layers commercial is outstanding looking fwd to special div from this company within 5 years.imo cash will be un real as 75$ per barrel 2019 guaranteed due to production cuts

@Adrianwfire
9m9 minutes ago
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#UKOG #HORSEHILL Tanker in just now

Oilys should see a return of profits this week with production cuts above expected out come surprising most .

OPEC update: using an October baseline today's cut is really 1.4MM Bbl/d. Adding Canada to this as well as future Iranian export curtailments the market is back to a state of undersuppply by ~0.2-0.3MM Bbl/d. #OOTT

https://www.zerohedge.com/news/2018-12-07/oil-prices-climb-opec-reportedly-nearing-production-cut-agreement

OPEC Meeting Comes To End With Agreement On 1.2Mln BpD OPEC+ Cut - Delegate #OOTT

400,000 from non opec 800,000 from opec 1.2 million per day should see oil average above 70$ within days peak 85$ 2019. dyor

Great point and very true , We could do with low oil prices for the next 60 months and as we go into full production a spike to 85$ thats what might happen..

Is not just for Xmas.
India imported 6% more crude 2018 emerging markets are using more and more crude at lower prices they will become dependant .Saudi needs 80$ Russia $60 big oil $50 the average oil price for 2018 is going to be in the middle of that lot.
Cheaper oil fuels the emerging markets and expansion which means they become dependant on a cheap source of energy Gas has went up by large % Increase. Experts believe oil demand will increase through to 2040. At present the Grid cannot support EVs it can hardley support kettles being switched on after coronation street . most logical think tanks say we will be dependant on Oil for a considerable time. The carbon footprint for an EV is greater than that of a current diesel engine. To summarise cheap onshore oil will be more favourable to big oil due to the cheaper extraction costs dwindling supplies lack of exploration will make it prudent for them to purchase less expensive sources of oil. I see ukog and others being subjected to takeover within the next 12 months . all of the above information is available on line dyor . gl

The pumps do not change much in appearance however the up/down stroke varys I remember when the port channged pumps and did the research then.

IF you Remember when the port was being tested the pump had to be changed due to the unexpected volume/ pressure. They put on a bigger pump which that situation. The pump they started with was the large pump used on kL3 so I can deduce the pressure and volume is higher.I expect the flow rate therefore to be greater than Port and Kl3 . good luck .

Or buy back naked shorts as soon as possible the train has left the station. With the 3 d horizon flowing and results due
The share should begin a steady rise 2019 will be a fantastic year for this company which looks to be the second largest producer onshore in Europe perfect scenario would be to be the biggest onshore producer . A few of the older oil's in the room wynch farm when it first went into production had 1000 bopd 1973 . Within a year 4000 bopd and over the next 5 years progressed to 110,000 bopd dyor

For the investors Opec Live meeting to determine cuts in production

Opec meeting . Live
https://www.opec.org/opec_web/en/multimedia/349.htm …

Thouqht this was heading for de listing confirmed by the child like RNS. Dyor

https://www.reuters.com/article/us-venezuela-oil-imports-exclusive/exclusive-venezuelas-refinery-woes-send-fuel-imports-soaring-internal-documents-idUSKBN1O422T?feedType=RSS&feedName=businessNews&utm_source=Twitter&utm_medium=Social&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters.

Presentation from Alba mentions ukog . very good asset.

http://www.albamineralresources.com/page.php?pID=35

One of the most attractive part of a new company is when it becomes cash rich as ukog is about to become. Others companies see it as very attractive as a constant guaranteed revenue stream allows for cheap loans to be secured for any continuous our major improvement fast HH acreage is crying out for a quick escalation with an octopus style well which will see 100 million .per pad as explained by SS a matter of fact very exciting times for the company as its already declared commercial. SS plan is to use money earned by the Port to finance the rest of the expansion with a small cost of 3 mil per well he will see 30 million per year as we go into 19/2020 However a quicker approach could be on the horizon as cash rich oil companies look for . cheaper alternatives to offshore which is in decline.

Alba and Dor have raised to help fund the production that is due to start at HH

#DOR raises £177k to fund thier contributions to #HorseHill & #Brockham to avoid dilution of thier share as production emerges.

Please study info before posting
But do not rely on here for information safe listen to the boss. 20 million a well multi wells planned 6 per pad and pads can be placed anywhere on acreage Hybrid play HH 1 HH2 HH3 HH4 HH5 HH6 HH7 100 million revenue per site. Estimate 700 million revenue achievable . This is without KL$4 being added to the equation a well costs 3 million. well 1 will fund well 2 for example side track already agreed BB will also be worked on.

BB/Port https://www.proactiveinvestors.co.uk/LON:UKOG/UK-Oil-&-Gas-Investments-PLC/
KL£3 https://www.share-talk.com/stephen-sanderson-chief-executive-uk-oil-gas-plc-lonukog-interview/

Exemptions from short-selling requirements
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Further reading https://www.fca.org.uk/markets/short-selling/exemptions-requirements