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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
blob:https://www.youtube.com/140d8394-0f69-4aa3-a197-ffc5269daaf1
A short squeeze is a rapid increase in the price of a stock that occurs when there is a lack of supply and an excess of demand for the stock. Short squeezes result when short sellers cover their positions on a stock, resulting in buying volume that drives the stock price up. tbc
Oil stocks will rally tomorrow and shorts will close if they can any producer should see a lift.This could be a perfect storm for #ukog as oil prices may take months to settle again and may not fall below $70 . The damage to the infrastructure will take years to fix and with the risk of further attacks or a retaliation by the USA which could cause a conflict. It all indicates oil shortages and price rises .GL
Unfortuanately this is a new front
Houthi rebels-- who are backed by Iran in a yearlong Saudi-led battle in Yemen-- have apparently asserted responsibility for the strikes and pledged that more assaults can be expected in the future.
War is inevitable in the region if iran is the instigator the price of oil will treble I expect a meeting of Cobra within days.
Thia attack coupled with the attack on tankers is an early indication of what is to come . Oil is the new resource for attack it will weaken the finances of the countrys who need the oil to cover overheads and make the infa structure unstable . war is ineveitable and oil will become more expensive simple as that . Brexit will bring some disruption war in the middle east 10X more the uk need to secure its fuel by cutting planning red tape and supporting jnrs who are all over the uk strggling with red tape and activists. Renewables are 20-30 years away from securing our requirements and will never meet the 75 daily uses of oil . the affects of the strikes will encourage more with very little loss of the terrorist it will become the weapon of the future .
It simply means more buyers than sellers , Also if you ask a chartist you will see it formed a golden cross and is now bullish , I see .10 as a reasonable target but id like to see it close above .05 tomorrow to confirm we are back on an upward trend .Great looking resource at he min next results will obviously make it a cracker or not but I would draw your attention to the EV revoloution the resources we have the location . Thats the reason i am here and feel confident that we are cheap at the min. gl and dyor
Forward Operational Plans at Horse Hill
The first new horizontal production well, Horse Hill-2/2z ("HH-2/2z"), designed to produce at
rates potentially of up to 2-3 times the rate of the vertical HH-1 well, is scheduled to start
drilling before the end of this month, with a further new Portland production well and Portland
water reinjection well planned to follow upon completion of production testing in early 2020.
During HH-2/2z drilling, the Kimmeridge oil pool will continue to be production tested to
provide further key technical data and associated sales revenues to partially offset drilling and
testing costs. Planning approval also exists to sidetrack the HH-1 well horizontally into either
the Kimmeridge or Portland oil pools.”
Stephen Sanderson, UKOG’s Chief Executive, commented:
“Following our transformational acquisition of a further 35% interest in Horse Hill, our attention is now firmly refocused upon the Portland oil pool and the drilling of the much anticipated HH-2/2z Portland horizontal well, a key step towards establishing significant long-term production and cash flow from Horse Hill by the end of the year. Meanwhile, the Kimmeridge continues to produce solidly and beyond our technical expectations, which bodes extremely well for the future Kimmeridge development at Horse Hill and elsewhere in our licences in the Weald Basin.”
Great post the inevitable will happen ,I wold always set a buy price lower durng this type of siuaton you may catchMMs out when they drop it . the otherpoints are simply the revenue from the Oil now even testing is mostly UKOGs thats a lot of cash .SS hinted about paying debt straight off I believe that will happen very quickly as oil price now heads upwards.
The completley natural and wonderful thing that is happening for ukog the rock is moving along large cracks in Earth's crust called faults. Most earthquakes happen at or near the boundaries (releasing the oil) between Earth's tectonic plates because that's where there is usually a large concentration of faults. ... Movement along those faults can cause earthquakes and is naturaly releasing the oil the oil recoverable could be endless . the litle secret SS has been holding back remember the vid he said the KIM has a few more surprises yet? Mother nature has given us a gift a natural resources which we need in every day life from the crayons our kids use to the tyres on our cars and 6000 more uses 72 regarded as critical.
UK needs to have its security with regard to heating our homes and fuelling our businesses. The coldest winter in 30 years is predicted due to the solar activity which has been creating our extreme weather According to scientist’s the world is now cooling. The UK is importing oil at $ prices http://www.kendrickoil.com/the-uses-and-benefits-of-crude-oil/
Yoyr right , as a company becomes a cash rich company which ukog are about to become they bacome intresting to larger companies as cash rich allows debt to be obtain and very lucrative rates that is key. Looks like a good week for ukog and once it breakes away from the 2p range where most traders gotinvolved it may do a very good 3/4 wave which should breach 3/4 p imo gl.
The mining sector is one of the most inelastic markets in the world, new supply is slowly coming on despite a higher price. Shortages can become structural. The greatest stress is to be expected with palladium, zinc, nickel, cobalt, copper, silver and Rare Earth Elements (REEs).