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LTH ignoring the share price at this time.
Still the biggest prize of the EWT to be completed. Then it's a patient wait for the CPR and production licences.
Until then share price is irrelevant unless you are buying or selling.
Great RNS today -
1. HH about to be proved up beyond expectations.
2. HH Kimmeridge will confirm what is suspected regarding the undiscovered oil deposits in the wider Weald.
3. Gov't will have to view one of the biggest onshore oil finds very seriously with Brexit not far away.
4. Oil prices set to go even higher when sanctions bite against Iran.
5. UKOG increasing their percentage in what is now almost certainly a major oil find and with more knowledge and insight into the Kimmeridge/Weald play than any other oiler. This potentially makes UKOG irresistible to a major looking for a buy out or farm in to establish multi well setup producing many thousands of barrels a day.
6. UKOG due to return to BB next year, with other prospects still to be realised, profits from HH should allow the company to progress this without further dilution of the share price.
AIMHO of course.
All but confirmed HH as commercial. Waiting on anticipation of EWT Kimmeridge flow and recoverable assets.
Ask yourself why does SS want UKOG to be the largest licence holder in the Weald?
Why have they been aquiring more HH portfolio like mad?
All indications are this is a life changer of a share - oil reserves of National significance.
Anyone looking at the current share price and market cap in the very short term for value has tunnel vision.
Do your research, if you then believe invest or stay invested. If not go buy some ERNIE National Savings Premium Bonds.
This is going to be massive, just have to be patient.
AIMHO etc.
As we near the initial Kimmeridge EWT numbers, will this be the last time 2pence is visited for UKOG?
Anyone thinking of a punt may be kicking themselves shortly when this "HORSE" bolts...
AIMHO of course.
It is getting closer...RNS soon for initial numbers Kimmeridge EWT and CPR on Portland.
Becoming increasingly difficult for those with dubious motives to disrespect & deramp this venture.
GLALTH - those that have chosen to believe by putting their hard earned money where their mouth is.
Whilst I'm well and truly on the subject of Brexit, anyone else who believes that Brexit should not be discussed on this bulletin board as it has no bearing on UKOG then you really have got your heads in the sand.
The truth is Brexit will directly affect UKOG (I hope in a positive way) and all of us therefore I believe no-one should be afraid to raise any prospects or issues it holds. And if you have to use reasoned arguments to make your point then more power to your elbow.
All in my humble opinion.
Goodnight.
Jiffybag I understand your point on bias however, my point that was lost near the very beginning of these series of posts was that Government should take notice of the need for energy independence post Brexit. Whether I agree or disagree with Brexit was not the debate (initially anyway).
Newinthis - perhaps your comments should be directed at DaveWin instead of myself?
My previous post initially related to a BBC report about how UK gas and oil rigs may have to be shut down if skilled staff from EU could not be sourced post Brexit. The very point of it was not Brexit per se but the need for energy independence in the UK in spite of Brexit due to issues such as this.
It was actually Mr Win who decided to make his reply "all about Brexit"
I subsequently only replied to rebuff his remarks.
BTW, telling me to "shut it about Brexit" and then going on to express your view is not really the appropriate way to discuss or debate any given subject is it?
BBC Report earlier..."Oil and gas platforms could have to be shut down if a deal on Brexit leads to difficulties accessing skilled workers, according to an industry report."
https://www.bbc.com/news/uk-scotland-scotland-business-45474989
Post Brexit need for ALL sources of oil extraction to be supported if independent UK plc to have any chance of success.
Are you paying attention Mr Clark?
KarlovyVary - would appear that your post is not well written, confusing and quotes recent very small sections of RNS's out of context.
The full quote (that was NOT buried within the news release as you stated) from the 10th Sept RNS reads...
"In order to calculate the Portland oil volume connected to, or "seen by" HH-1, steady state flow conditions were required (i.e. stable; oil rate, gas oil ratio, bottom hole and tubing head pressures). Consequently, post perforation, production was restricted to sustainable 24/7 rates of between 140-160 bopd. It should be noted that these rates do not reflect the Portland's full flow potential that could be achieved either via successful further optimisation of the HH-1 vertical well or a new horizontal production well."
I understand this to mean the rate "was restricted" to calculate the Portland oil volume...it quite clearly states it "does not reflect the Portland's full flow potential" which is believed to be many multiples of this figure.
Hence I ask, are you an investor in UKOG? If so why would you post such negative comments on a BB that could only be designed as an attempt to worry other investors and subsequently damage your own investment?
If I held similar concerns with a company I was invested in, I would either contact them directly or sell up and move on.
What is your agenda here today? What are your motives?
Glad to hear you have been reported. As for me you have now been consigned to the filter bin.
It's happening; momentum is building with every RNS.
Not concerned with share price currently as I believe this will be many multiples once CPR is done for HH and moving towards production.
Also considered this is not a binary share as all of the licenses held by UKOG have great potential.
Kim has already flowed in record quantities and like the Portland I believe it will sustain a similar flow again of good quality oil.
Dynamic company that has a well plotted course with good flow of updates to investors.
Weald is slowly and surely giving up her secrets. Hold long and firm and this will come very good.
All in my humble opinion of course.
I've got my feet firmly planted. Held UKOG shares for a number of years, believe this is quite possibly the most exciting company on AIM, has the most potential and is British to boot (sorely needed at the moment).
Why wouldn't I big up its prospects. My motives are clear. What are your motives my I ask? Are you looking to save us poor dumb investors from our deluded selves? Well don't bother mate, I'm old enough to make my own decisions without your contribution. Perhaps yours is the most subtle deramp of the day???
MCAP is purely a reflection of shares in issue and their current value.
The share value is what is placed on the company based on sentiment on the whole when it comes to a prospector like UKOG in these relatively early stages.
If the figures for Kimmeridge come in like those for the Portland have (and shortly to be confirmed by Xodus), the sentiment will rocket, demand for the shares will increase exponentially, share price will zoom and current MCAP will seem like what's referred to as a mere "piffle."
All in my humble opinion of course.
Been on aim some years myself.
Refuse to play the game. Research, buy in at a price you are happy with, have patience and sell at your allotted profit margin or hold for dividends. Don't play their game or be played. If your research is good you should do well with a bit of luck.
I believe the one variable that is hardest to judge is time and is almost always underestimated. Hence patience is required always and should be the mantra for anyone seeking the most potential from a minerals explorer.
GLA all GLTH
Today is another step closer to the real prize of proving the massive potential of the Weald basin from the licences held by UKOG.
Still several months of testing to go however already great quality oil is being flowed in a sustained way in great quantity with volume on Portland tbc shortly.
Kimmeridge is the big one: good results and it's a game changer for all of the Weald licences.
Patience is required for those seeking to make the most from this company's potential.
DYOR.