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They are "attending the meeting" on shareholders behalf.........

Angus just RNS's that they've taken over Alba's 5% of Brockham and have been paid a small amount of cash and a lot of Alba paper to cover previous non payment ....

Ol' Frankensides really knows ho to get a free ride doesn't he??

Who do they think will farm in for a share of Lidsey?

GL is quoting 9.7 bbl INPLACE - so at best you'd expect 3mm recoverable - and you only get a share of that as farminee..........
and never forget the water issue

If Midmar et al couldn't farm it when there was a decent onshore UK O&G sector who would come in now? UKOG & Egdon have no cash, Europa are dead in the water, IGAS are chasing hydrogen, INEOS have gone offshore, UJO will need any cash to push on West Newton (if it works). There really isn't anyone else

"Why should L S E want to charge me £20 + vat for what other brokers do for free"

each broker has a different set of charges - generally the really low cost ones for buying and selling charge you more for each and every add-on - they have t o make a living and that means getting some money off you - they can do it by upping their commission rates or charging you for extra services they provide. It's like Ryanair cp BA

AN EWT is exactly that EXTENDED- you have to flow it and then shut- in and observe the pressure recovery - the longer the better from a PE point of view. They said 6 weeks for each test IIRC and that will be a minimum

You posted "So, imho, cheap, could easily double and might well go higher still."

So when?

"Means300000*300= 90,000,000!!! Profit a year!!!!"

they have to pay back over £ 200mm in about a years time...................

"10000 bopd x $73 x 365 days = $266 mil revenue . How much it's profit ??"

well as of 5th June Bluewater are paid $75k a day + 8% of the profit

Overall the April presentation said that production cost were around $18 a bbl - that wil have gone up by about $3 a bbl to cover the increase in FPSO rental on 5th June - so say $ 22 a bbl OPEX

"Its fair to assume that there are at least likely 20 profitable barrels a day; Should be enough to pay Sanderson's and one other directors pay ; maybe."

SS is on £298,000 a year - that's £ 816 a day - 20 pobd is possibly making £ 1000 aday - that has to cover all the office, Directors , all the non-HH staff and all the consultants

They were able to get a fairly steady 200-220 bopd during the well test and they almost got the same as they started "production" - but since then it's been falling steadily

And production has dropped by half as well!! What's not to like eh Adrian?

We'll know when some "news" is released followed by the usual rush on here of old and many new rampers - normally they get 5 days to push the price up before the announcement of another dilution

can the rampers tell us how the company is going to fix the pump?

"No need for placing for Lidsey. Permissions and farm out is confirmed.
News on Brockham must be close as Q removed. lets hope its good news."

Lidsey - specifically say they HAVEN'T got a farmin partner yet

Brockham question removed because it they can't answer it and it would bad news - anything remotely positive or possibly positive (gethermal! gas storage!! little green men from mars!!) is shouted from the roof tops - the failures are quietly buried - like Brockham and Balcombe

How close are Angus and their partners to making a decision regarding Balcombe?

Asked on 24 May 2021
We have no firm timeline on this matter but have until Q4 on a statutory basis formally to lodge an appeal. We have had discussions with planning experts on this and with our partners.

"UKOG is becoming Anglo-Turkish in its activities, it would make sense for its ownership to become Anglo-Turkish, too."

The Turkish business people I know are far too sharp to buy into this dog Ocelot. They're happy to take our cash but what benefit does a holding in UKOG bring them? The chance for their family fortune to be diluted to fund the BoD and their life style.

Historically sellers have been a lot wiser than buyers here

maybe they were interested but didn't off a 2 for 1 farm-in......... that's pretty spicy in these troubled times

" to use futures oil price is demonstrably the WRONG metric to use, and deliberately self serving. "

So what would you use? It has to be public, and from a reputable source

i's Friday afternoon - all the lawyers and finance types will have departed for the weekend leaving1 office junior to work his/her way through several mailbags of votes