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TKR agreed, I was being conservative, my guess is where on balance I think I would be content with the price, rather than where I expect it to be, u am anticipating some big moves over the coming weeks and months:)

5.7p

Each to his own Penguins, just pointing out your track record, no doubt your pessimism leads to great joy in your investing as if you apply it across the board the reality must always be wildly better than your projections:)

^Wouldn’t

Although it is hardly surprising penguins disagrees, he has been steadfastly pessimistic since before the original flow testing:)

1. He stated would by flow. X wrong
2. Wouldn’t be commercial X wrong

Precisely Wizard.

I expect the share price to reflect the rig arrival by close of business on Friday, next week is a bank holiday so can’t imagine the hoards will wait till the Tuesday, too risky it will have arrived by then and we will have seen a100% rise in share price.

What is clear though HH has surpassed expectations to date, and will continue do so imo.

Clearly Rattled you cage their Pingu, time will tell who’s right, until then we’ll just have to wait and see:)\

...oil man Jim blog spot

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Then consider this. Irrespective of whether you favour Brexit or not, the fact remains the UK is now entering a period of high uncertainty and higher geo political risk, than we have seen since probably the ‘70’s. The attraction of energy sourced from the uk will never have been higher than since the post war period when he were rebuilding our great nation. This bodes extremely well for UKOG.

Alternatively, let’s look at from a reserves perspective, 35% recoverable of 11mill from Hh1 at £20 per barrel would equate to circa to circa 77 mill and 45% recoverable of 14 mill from hh1 at say £20 per barrel would equate to a value of circa £125 million. If HH2 simply replicated the results then that could jump to a low end value of £144 mill to to a high end val uation of £250 mill. The story doesn’t stop there though, the next well isn’t a vertical test well, it is horizontal production well it is likely to ‘see’ a significantly higher volume of oil than the vertical well imo. If it sees’twice as much oil, then the figures jump to between 22 mill and 28 mill , plus the 11 to 14 mill for HH1. This equates to 33 to 42 million barrels. 35% of 33 million barrels is circa 12 million barrels, at £20 a barrel that values the oil at £240 mill. At 45%recovery of 42 million barrels that would be circa 20 million barrels, at a value of £20 per barrel that would value HH1 and hh2 at £400 million, add in the additional planned HH wells, BB and the isle of W and the figures potentially become mouth watering, potential 10 bagger imo.

Then consider further drilling at HH and going back to BB successfully and drilling isle of W, what price to earnings ratio would the market apply in such circumstances.... 5? Value circa £150 mill, 10? Value circa £300 mill, 20? Value circa £600 mill. 10 bag suddenly looks feasible imo.

Add in a Kimeridge horizontal and who knows we’re that will take us, but could double the revenue to £30 mill, plus the5 mill from the last 12 months production:)

Let’s not forget HH ltd have already accumulated cash from 12 months testing, say 300 bopd *365*£50 circa £5 mill.

*funding not finding

I’m expecting 1000 bopd per day in the near term, 30,000 barrels a month, or turnover of circa £1.5 mill per month, or £15 mill over the next 12 months or so, just from the current well and the next one, finding from production does not look too far fetched now imo

...answers on a post card

Has Seadoc ‘forensic’ analysis already been proved flawed?