Member Info for kempey

but not many shares available it seems!!

Looks like a possibility....but I would like the SP much higher before that news drops.

This has only just started.....1p would be great before we get news of the 2nd major and then the flow rates. Many will bail out before then slowing down the rise but leaving the real LTH's to scoop the jackpot.

As I understand it we have spent £400m on exploration to get to this point. I am sure Zaza would want to recoup this amount in any deal done. This equates to 2.5p a share given the number of shares in circulation. I would expect this to be doubled within 12 months of a major deal if not before so 5p a share. After that it depends on so many factors, flow rates, pipeline construction, price of oil and gas, sale, etc. At 5p a share a MC of £788.5m is not unrealistic if the asset is as large as we believe it is. Someone has commented on it being as big nearly as Russia's biggest field. My target price is 10p a share and I expect many to bail out well before that so it could be 24-48 month wait to achieve that again depending upon II buying and many other factors. A MC of £1.5b is not unrealistic in the long term. I would also expect FRR to have moved on to Moldova within this timeframe and who knows whats there?

....not showing on the riser board?? Should be mid table!!

ExxonMobil bought into BH last year with a purchase of 86,000 plus shares at an average $57 a share so there is a vested interest. They also licenced their sand/steam injection technology to BH. There is a very strong investment link as well as the ExxonMobil interest in Western Georgia.

Yes very strange as is the fact that buys v sells was almost 2:1 ( if they can be believed) and there is no change to COP share price.

BH would not have bothered with this unless the assets are huge.

ExxonMobil uses Baker Hughes Services and their Investment arm bought into Baker Hughes last year. Baker Hughes are there to support the super majors as yet to be announced imo. As Zaza says it is the result of discussions with industry majors. They would have to agree who would be supplying the services. Baker Hughes are massive.

Well said Mole. We are not milking a country of its asset and I very much hope Georgia benefits as much as the shareholders. Counting chickens is a good analogy. I have been here before and with other companies who have checked the data for months, helped identify further possible targets for further exploration and then walked until proven up. GGP was the latest. Newmont walked and the share price tanked. GGP may come good in a year or twos time but there are now many investors regretting their investment.!! FFR looks much further down the road with its majors and it does look promising for some sort of arrangement but nothing is guaranteed. Talk of a £ a share is ridiculous. As Mole says be quietly confident but acknowledge that an arrangement with a major or even two majors given the politics involved in Georgia is a complex procedure. I speak not as a de-ramper but as a shareholder with a significant holding here.

Well said RRR.

Is there a problem with the LSE board? I regularly get error messages and when working chat sometimes gets duplicated even quadrupled!!!

Atomiccrain........did you hear SS speak at the SCC meeting for the well test application. He was far more impressive than many FTSE 100 CEO's in delivering a presentation. He is knowledgeable and coherent in putting the case forward on behalf of UKOG. The scoping study is not the production planning permission application and I am pleased it focusses on the Portland at this stage. The Kimmeridge oil is a far bigger play potentially.

So what is your latest prediction for an RNS?

Have watched it twice now and it is clear he is very confident of co-operation from one or perhaps both majors. He is also very confident of the oil and gas find being a large and significant find. I am very reassured.

Do we have any ideas as to who the seller is. There have been so many sells of this size the seller must be a significant holder. I thought YA had stopped.

One of the best beaches on the south coast. Used to stay at the Haven Hotel and walk Studland beach before or after breakfast. I hear the hotel is probably going to be turned into flats. Shame it was a pleasant hotel with great views of the beach. Hoping for a blue day...no reason we shouldn't see one as we move towards news.

It would be crass for SCC to give an exploration licence and an EWT licence but then not allow a production licence. I think there would be a legal issue with HHDL able to claim the many millions they have invested so far. SCC would not have the funds to pay this. Also SCC have set a precedent with giving Angus a production licence it being only 10 miles down the road. Thus the fact that Angus have been given a licence does help HHDL though they are separate licences.

Looking at the trajectory this morning on increasing sell prices this should hit 0.45/0.46 by COP. I think from Monday we will see constant rises 5-10% until news. Hopefully will be 1p before news.

So tremendous news, no large sells today, buys exceed sells and yet only a 3.95% rise. ummmmmh?? Perhaps Solo have put in a huge sell for first thing tomorrow. Hope so ....it will be good to see the back of them before K3 & 4 results are announced. I speak as a Solo holder as well as UKOG. I'm surprised they have been so keen to sell so soon given UKOG's SP is set to rise considerably. I know they need finance for their share of AEX's Tanzania project but i'm not sure that's imminent.