Member Info for Mullins58

Keep Safe

https://www.youtube.com/watch?v=gYkACVDFmeg

Keep Safe

https://www.youtube.com/watch?v=gYkACVDFmeg

Keep Safe
https://www.youtube.com/watch?v=gYkACVDFmeg

https://www.bbc.co.uk/news/business-52115442

Brent Crude Price
https://www.bloomberg.com/energy

Filtered

https://www.bloomberg.com/news/videos/2020-03-31/pioneer-ceo-wants-texas-to-cut-crude-oil-output-video

Zoom, UKOG will be a low cost onshore oil producer.
The article was written by a client of mine.
https://cyprus-mail.com/2020/03/29/oil-and-gas-companies-on-the-retreat/

You think UKOG have got problems !

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/indices/summary/summary-indices-chart.html?index=UKX

copy, not at all. ATB

I salute the entire team and I thank the shareholders for their continued and patient support. The team led by Stephen Sanderson are dedicated and totally committed to bringing success to UKOG and to bringing long-term value to shareholders.
There is of course much more than Horse Hill in the UKOG portfolio. Two further planning applications have been submitted for activity at Loxley, located in Surrey near the Broadford Bridge oil discovery, and at Arreton on the Isle of Wight. It is anticipated that the Loxley application will reach the Planning Committee stage in Spring 2020 and I remain confident that the Company will continue to work in harmony with local residents and neighbours.
Oil exploration is a complicated and time-consuming business. There are no guarantees of success and the regulatory procedure in the UK is clearly far lengthier and more intricate than we experience here in the USA. It also has a habit of absorbing considerable time and money.
This does not concern me unduly. I have confidence that UKOG will spend our investors' money wisely and ultimately to the benefit of all shareholders.

STATEMENT FROM THE CHAIRMAN
One of the biggest was the completion of a deal with Tellurian Investments LLC, who are based near my own office in Houston, Texas. The decision to acquire the entire share capital of Tellurian's subsidiary Magellan Petroleum (UK) Ltd for a cash plus shares deal has put UKOG in full command of its prime asset at Horse Hill and its future direction. To fund that acquisition is testament to UKOG's unique position in the market and to follow that with long-term production planning permission from the local authority was a massive boost to the Company.

OUR STRATEGY
UKOG aims to build a diverse, sustainable and self-funding exploration and production business. Its key strategic objectives being:
1. Find and Develop Low-Cost and Long-life Assets - continuing to invest in our potential near-term production assets is a key priority. Once in production, the revenues from these assets will provide free cash flow to re-invest and deliver shareholder returns. This strategy is embodied by the current focus on Horse Hill, where the field has been brought into production.
2. Resource and Reserve Growth - building our recoverable resources, reserves and future production through targeted and disciplined high-impact exploration, appraisal projects and acquisitions. The Godshill exploration prospect and Loxley (Godley Bridge) gas appraisal project exemplify this strategy.
3. Targeted Portfolio Management - we continuously review and high-grade our portfolio to either acquire or divest further stakes in existing assets. We also look to acquire assets at any stage in the life cycle and are not limited by geography, where we can create significant value for shareholders. The acquisition of further interests in Horse Hill and the onshore Isle of Wight demonstrate our adherence to active portfolio management.

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You either believe in the management or you do not. ATB keep safe

Ninetails, AIM allows start up companies to raise capital. It is always jam tomorrow . I am amazed UKOG have managed to get this far. Hopefully they will not be in your bottom draw for long . Best Wishes and keep safe.

https://uk.reuters.com/article/uk-global-oil/oil-rises-from-18-year-lows-after-u-s-russia-agree-to-talks-idUKKBN21I04S

3 tankers today.
https://twitter.com/Adrianwfire

Peps, nice post . ATB

HH mentioned
https://www.lse.co.uk/rns/ALBA/final-results-qsp6e86h3hwjpcb.html

We have a large number of Public Servants and other Service Workers across the country prepared to put their health at risk for the benefit of the rest of us. My friends and family take great comfort from their efforts.
Unfortunately we still have some posters who are intent on causing more uncertainty and anxiety at this difficult time.
Very sad.
Keep Safe