Member Info for jptop7

Thanks for that information,Ref horizontal drilling
SS is a clever man as the company is receiving funds from the test well, To finance the full production well. He is very conservative with his estimations he eludes to that. Horizontal wells improve flow rates considerably. Even using production piping has an affect of increasing flow rates. The flow rates we have been given are for neither Horizontal or production pipe is that correct?

My Theory not advice.
After a very good RNS most AIM shares drop the reason is because traders get out in large numbers and cause a drop.
They know that this trend will cause a snowball affect with PIs worried and then they panic and sell. with the MMs now will accumulate in small amounts so as not to encourage a rise. how long will this trend be ? If news which could send the share sky ward they will get greedy and buy to much . You here the call shorts naked shorts being shouted about it could have a baring on a rise , But on this trend its about buying as many as possible from the MMs and traders without causing a rise. They will sell on the way up!! also restricting a rise . If a short is open then they close as quick as they can and in some cases approach the company for a pile of shares at a set price. When will our rise occur . Well I have a 10 day rule on a situation like this as I am an Investor . After a 10 day losing streak I consider buying some more . dont get me wrong I am not disciplined and often break this rule and try catching the fallen knife.
Im sure most on this board can relate to that . So here we are at the 10 day point . News to be released will be on the port production licence. and maybe an application for a side drill being of horizontal nature I would expect that within this week. ref ewt thats got a bit of time to go but could have an update on initial flow. I suspect that info will be also fourth coming this week . therefore i see a combined RNS will it be enough to be a buying scenario and subsequent rise .well Ill leave that up to you to decide, this information is general and my views only remember these markets are un predictable at best..gl this week

UKOG have a unique play which requires no stimulation the share price currently is a mixture of traders who sell on news if you notice the downtrend from the exceptional RNS . This is very common on the AIM. now traders plague the board on low volume also normal. Buy on the dips is where most PIs have a chance to make back some losses , thats not advice.The political situation at the moment is a game of chess between the 3 main oil gods Russia america and Saudi. The chinese who have stopped buy American crude from the beginning of the trade war have put substantial pressure on America , Trump never likes to show hes been defeated and will buckle . Russia and Saudi are loving the situation and have been physically showing their appreciation of the situation trump must be fuming. The opposite to what people think occurs in most cases trump is literally drowning in his own oil.The UK can become 90% fuel independent with a few adjustments to government policy and look at a long term view on reducing
it exposure to carbon. Unfortunately reports released this week indicate electric vehicles have a larger carbon foot print that ordinary vehicles. The other problem is currently if everyone in the uk switched on a kettle at a certain time the grid needs emergency help can you imagine even 10% l plugging in the electric car . The future unfortunately as the new industry's of China and India increase exponentially with India increasing imports by 6 % and china reliant on imports . Noticeable prior to reducing oil from America it imported its highest amount in early October, preparation for a visible reduction in November? Sabre rattling I think . It dosent matter how you add it up Oil and its benefits to industry and heating will be with us and may increase its use for the foreseeable future analyse predict its peak could be 2040. GL this week we should receive an RNS indicating application for production licence this week as it was expected for this month. .

OIL price needs to stay above a certain price or basically there is no pint in drilling expensive off shore wells #trump happy as #ukog is as 18$ costs are all they need. #putin #opec need 60-80$to break even. Its a win win for cheaper onshore shale plays or naturally flowing oil. The end of expensive oil will initially fuel India and emerging markets who have increased the import quantities by https://economictimes.indiatimes.com/industry/energy/oil-gas/indias-oil-consumption-grows-at-fastest-pace-in-14-months/articleshow/62896084.cms Problems long term is the emerging markets build expantion round an ever decreasing supply as new reservoirs are not being found.At the pace required

https://www.bloomberg.com/news/articles/2018-12-01/putin-says-russia-and-saudi-arabia-to-extend-opec-oil-pact?utm_medium=social&utm_source=twitter&utm_content=business&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business

Russian President Vladimir Putin announced the extension after a meeting Saturday on the sidelines of the Group of 20 with Saudi Arabian Crown Prince Mohammed bin Salman. The comments open the door for a deal at the OPEC meeting next week in Vienna. OPEC delegates said the leaders have given their political blessing for an agreement, but plenty of work is left, including on the size of any potential output cut.

https://www.fca.org.uk/
LSE Is the practice being discussed here Legal/ illegal ,the post seems to indicate with regard to this site that facilitates Investors could be influenced by wrong information and obvious manipulation of information http://www.lse.co.uk/

Oil demand in India rose 10.3 percent in the first month of 2018, the fourth straight monthly gain.

Total oil consumption expanded at the fastest pace in 14 months to 16.9 million tons from 15.3 million a year ago, according to the oil ministry’s Petroleum Planning and Analysis Cell. Improvement in road freight transport following the stabilization of the new nationwide sales tax and growing use of cars and scooters boosted the consumption.

Read more at:
//economictimes.indiatimes.com/articleshow/62896084.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The test well is now producing enough oil from two layers to have the title of
currently the second biggest producer of oil in the UK and western Europe Kl4 could make it No1
More importantly one of the most economically viable in the whole of Europe. with cost of extraction 18$-20$. Low oil price will strengthen the case for on shore . as Expensive offshore will diminish.

Valid points assume nothing stick with facts at the moment we have a commercial well when fitted with production pipe or horizontal . Will supply the revenue for further wells . I am sure the KL$4 will deliver but in this business problems after killing a well can take time to re start and the integrity of the well is fundamental. We are in no rush as the application for production on port is due to be applied for this month. and a couple of trucks a days will sustain our financial expenses. Clever achieving funds to feed into the project whilst proving up. The progress is fantastic and the team on the ground have achieved major mile stones to date tbh Most were not expecting the flow rates on a test well to be so high, Just get into production and then steady increase of wells and hopefully a beginning on the isle of white kim layers which look to be even better fantastic company doing amazing things for the UK lets all get behind our wee country and support the need for independence from the 3 bullies trump Putin and Saudi.It will become a necessity.Unfortunately the low oil price is going to damage off shore capability and leave no funds for future exploration leaving the 3 amegos in control of the worlds diminishing supplies of crude. which is set to rise into 2040 .

China: US$162.2 billion (18.6% of total crude oil imports)
United States: $139.1 billion (15.9%)
Japan: $63.7 billion (7.3%)
India: $60.2 billion (6.9%)
South Korea: $59.6 billion (6.8%)
Netherlands: $37.4 billion (4.3%)
Germany: $36.2 billion (4.1%)
Italy: $26.1 billion (3%)
Spain: $25.7 billion (2.9%)
France: $23.8 billion (2.7%)
Singapore: $21.4 billion (2.5%)
United Kingdom: $20.9 billion (2.4%)
Thailand: $20.1 billion (2.3%)
Taiwan: $16.9 billion (1.9%)
Belgium: $15.3 billion (1.7%)

Internet connection poor hence the text errors I apologise .

Term for On shore developments as big oil cannot survive off shore its as simple as that . UKOG are at the moment based on the test well. The second largest producer in the whole of western Europe!!!!. Now I believe that KL$4 will move the company into the NO1 spot within 3 years From a financial point of view as big oil reduce exploration because of OIL price and we make health profits above 30$ not ideal but will keep the lights on long enough for the ion and new wells to force a price hike. China in October for example important the highest amount of crude every. India an emerging market is due to increase the use of crude exponentially. and finally any one or think tank with a fair and unbiased assessment sees the need for oil and its possible demand increasing. Renewable s are increasing but will not achieve the goals in the emerging large industrial worlds India China Africa where unfortunately the cheaper option which is my 3 point is more economical oil. Therefore low oil price for onshore assets which will come fully online 2020 2022 of over 30000 bopd will be the new giants of the Oil onshore . the last thing I would want is for offshore firms to go into liquidation . However they have already began imo a transition away from crude be diversifying the writing is on the wall . They may see onshore fields as options who knows . But it does not take a brain surgeon to work out that its a win win for on shore crude going forward . To summarise low oil price is good for ukog.

The irony of the continuous flow of oil from the test well!! (repeat for the novice oil investor TEST WELL) at all layers is that any oil professional will tell you rates are exceptional. Production pipe will increase the flow as it is narrower and can withstand more pressure which increases flow dramatically.Horizontal x 5.
They intend to do this and put 6 of them on this one pad Revenue per pad 100 mil per year est.

https://total-market-solutions.com/2018/11/28/the-outlook-for-uk-oil-assets/

13:39 - 28/11 Buy 25848 1.55p £400.00
13:30 - 28/11 Buy 77450 1.54p £1,194.28
13:28 - 28/11 Buy 103275 1.54p £1,592.50
13:27 - 28/11 Buy 100000 1.53p £1,530.00
13:24 - 28/11 Buy 100000 1.54p £1,542.00
13:19 - 28/11 Buy 21311 1.53p £326.06
13:18 - 28/11 Buy 200000 1.53p £3,059.20
13:13 - 28/11 Buy 2000000 1.53p £30,560.00
13:12 - 28/11 Buy 500000 1.53p £7,640.00
13:05 - 28/11 Buy 53380 1.53p £814.58
13:05 - 28/11 Buy 250000 1.54p £3,860.00
12:48 - 28/11 Buy 100000 1.54p £1,544.00
12:43 - 28/11 Buy 34000 1.55p £525.30
12:41 - 28/11 Buy 32362 1.55p £499.99
12:40 - 28/11 n/a 175000 1.53p £2,668.75
12:38 - 28/11 Buy 63319 1.55p £979.99
12:33 - 28/11 Buy 115384 1.53p £1,763.07
12:27 - 28/11 Buy 31794 1.55p £492.49
12:26 - 28/11 Buy 26832 1.53p £409.99
12:23 - 28/11 Buy 327064 1.53p £5,004.08

The fool on the hill
‏

@Adrianwfire
9m9 minutes ago
More
#UKOG #HORSEHILL Tanker just out and on its way to BP at Hamble.

Video by Jo.

Thanks Jo.

Analysts at Fitch Solutions Macro Research have revised their oil price forecasts to 2022 in a new report,The analysts now forecast that Brent will aveg
$73 per barrel in 2018
$75 per barrel in 2019
$82 per barrel in 2020
$84 per barrel in 2021
$85 per barrel in 2022

MMs are short on quite a few AIM share a very good example is #thr where they even approached the ceo and offered to buy large amount of shares to cover the naked short . whoops the boss said no allegedly this means they have borrowed a large amount of shares and have to buy them back at market price. This can create a short squeeze resulting in a massive spike in The share price it may have happened here last year. It may happen this week or very soon as the KL4 results will be obvious after the shut in period . Standby The boss of ukog warned the traders already fair one!! he said out of character , The train has left the station should not be to long until pictures and tankers begin the journey down the road just as G20 meeting on Thursday indicates how much opec will cut production of oil they need 80$ to break even do you think they will keep pumping it out at that rate driving up prices no way .. Trump may hold the trump card!! but Saudi will have to control the production rate to stabalize oil prices most professional analyst believe it will settle at an average price above 65$ for 2019 and rise 2020 . Demand for oil is expected to rise as the emerging markets use more 2040 . is a peak period renewable electric cars will not be available in in enough quantities especially in emerging markets in particular India. Chine increased it import of crude in October to the highest level ever !! Expansion and new markets from poor region will increase demand from crude whilst exploration and dwindling reserves will taper through 2020-2030 resulting in a shortage of crude. not my prediction the markets and analyst . dyor gl

Market makers and authorised primary dealers can use exemptions from certain requirements of the Short Selling Regulation (SSR).

Under the SSR, there are certain exemptions for market-making activities and primary market operations.

This means certain firms do not have to disclose net short positions – both private and public.

These firms can also reduce the restrictions on entering into uncovered short positions in shares, sovereign debt and sovereign credit default swaps.

But you cannot automatically use these exemptions and they are limited – you can only be exempt when undertaking market-making activities and you cannot use them when carrying out proprietary trading.

The exemption must also be applied to specific instruments.
https://www.fca.org.uk/markets/short-selling/exemptions-requirements

Hi All
The oil price is one issue but the rate that oil is being pumped out is very high and of course we have a surplus trump wants lower oil prices to secure his next win at the polls and he will continue to do what hes doing . The 40$ a barrel target wont happen for sure but the break even price for Us is making the possibility of further dilution before we get to production a guarantee and for that reason the markets will make the decision to stay away Until the value of our toil increases. In saying that at under 1p it is a risk some will find appealing and we may get a renewed investor bank. Santa rally and all that anyway gl