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with a Key Strategic position in the exiting Paterson #gold #copper region."-Gervaise Heddle, 20 July 2018 [Embedded is the article by Sharetalk: Artemis-Neurology Play, Western Australia.."

https://twitter.com/gervaiseheddle

Note: The Chairman of Artemis, David Lenigas follows Gervaise Heddle, CEO, Greatland Gold. Artemis via the Neurology Play has taken the next door licence to Greatland*s Haverion/BH. Please check.

"Horse Hill sees strong start to testing described as being Equal or Exceeding the past results from the 2016 test programmer. Highest observed hourly rate was said to be equivalent to 352 barrels of oil p/d, but, in a series of stock market statements, the oil flows have NOT yet be OPTIMISED for the MAXIMUM SUSTAINABLE flow rates. Initial analysis, unaffected by the 2 yr shut in."-Proactive Investors.

Link: https://twitter.com/russellbcox/status/1020921403321745408 3hrs ago. or https://twitter.com/russellbcox

The market tends to be forward looking. So, at the moment, it is Portland and the potential Kimmeridge to come both at Horse Hill and further beyond. If that potential is not realised, then the market adjusts accordingly. Then, there could be surprises which the market will react to also. That is what happened at Broadford Bridge as another poster said under this thread. DYOR. IMHO.

itsaduster

For clarity, I did mention 40 moz and at the current time, that will be correct per Mather*s Linkedin the last time I checked. If more proven and drilled up, then it will be reflected in the sp/mkt value depending on the market situ at the time. Currently, it is awaiting and Updated MRE and the other targets are test drills. So, a developing story there but at the current time, this is the situ.

wizard125- If I read your post correctly, then you are asking: If the Kimmeridge is 20x more, then does that correspond to a value 20x.

That is not a normal conventional way of doing it.

David Lenigas has posted a chart in recent days at https://twitter.com/DavidLenigas and one can see that it says 100 billion barrels of oil. This is perceived to be oil in place/situ. So, if one school [tight oil] says it is 5-10% and D.Lenigas has quoted 40-60% which is somewhat norm for conventional recovery, that makes a big difference.

I dont want to go into detail about the 100 billion barrels of oil at this stage as different people will have allocation differences. I dont have all the notes with me as I have thrown them out after research. One would need to trawl through the various technical reports and Lenigas*s blogs etc. So how much UKOG plc has of this pie depends on what allocation investors perceive.

So,the definitive is Recoverable Oil. Then, based on that figure, it is moves along by way of proving etc, one will allocate how much Big Oil is willing to pay or paid for recoverable oil per barrel to gauge roughly the figure and thus the notion of "value" or fair value.

That was how the GKP story developed. Only in the later stages, it will come to oil production per day and the mkt cap will then reflect the revenue and EBITDA. It depends also on what P/E multiple is allocated and whether it is below or at industry levels.

In the David Lenigas recent interview [Gatwick Gusher has gushed] he mentioned Bognor Regis. I have eluciated earlier the spot he means. However, he did not want to elucidate further. That may also be interesting in the bigger picture. Cant tell at this moment.

Hope that helps. Please note that is my perception. Others may not agree. There is still a long way to go. Last night, I went to the Angus website to check on Brockham as that is next to Horse Hill. I clicked on one chart and saw the natural fracture chart which I found interesting. So, we have to wait for it all to unfold via RNS and perhaps the Brockham/Balcombe Kimmeridge coming news may also be interesting.

This is history in the making. Neil Ritson in his interview does mention Portland and Kimmeridge and he sets out the context in a better way as he tends to give a fair picture as much as he can. Hence, one has to listen to all the interviews etc to gauge what one will decide for one*s own investment.

DYOR. IMHO. Capital at risk. In the meantime, retail stocks are volatile.
P.S. In the said interview, David Lenigas mentioned 10 billion barrels of oil for Horse Hill which normally means oil-in-place/situ.

In the GKP trajectory story-from potential oil in place, to more technical reports and finally production. In the meantime, the share price history is well known. Others will have other oil peer stories to compare so its just an academic example.

Boyzee "Kimmeridge..not priced in yet for sure" [Steven Sanderson*s share price and by implication mkt cap not priced in or valued for Kimmeridge. On this point, David Lenigas in his recent interview [Gatwick Gusher has gushed again], he mentioned 10 BILLION barrels of oil in place /situ for Horse Hill. Whilst tight oil is 5,10,15%, the investors who listened to his interview said he said 40-60% recovery [please check]. If so, then these appear to be conventional recovery rates. So one can work out the figures of both scenarios.

If David Lenigas is proven right ie the range, then of course, it would be transformational. WH Ireland comment are within this thread, of either KL3 or KL4 [Kimmeridge] being commercial to warrant the word, transformational.

As for the investors on the ground, Mr Lenigas talked about regulators, hence perhaps why, as soon as the video and pics appear, UKOG plc followed with theirs and their RNS to confirm.

Everyone is waiting for the Kimberbridge as Lenigas pronounces it.

History: Fortune favours the brave. David Lenigas said he was approached by Tidswell Pretorius and that was how UKOG plc finance the Horse Hill drills etc and the rest is history. RGM and others were approached before Lenigas. Lenigas has mentioned Octopus before and others can explain.

DYOR. Please check. If perception, not correct, please correct as it is from recall/perception.

Sat 21 July 2018

Wilson63: As ocelot has said, UKOG*s conventional resources underpin the current share price. Since Stephenson was talking about Horse Hill Portland, I took it to mean that since Portland is conventional oil. S.S also talked about Isle of Wight etc so that will be the full context. I am not aware at this time about the others in detail relating to how significant they are or can be yet. So, my perception of conventional would be Portland given what Neil Ritson said.

The Evening Standard [open this thread] also stated from a clip: "Many brokers and analysts Excited about Horse Hill. Here*s Brendan Long, WH Ireland: Success will be transformative particularly if commercial production rate can be achieved from KL4 or KL3 horizons, given the MASSIVE LATERAL SCALE of this particular resource."

From the Stephen Sanderson, David Lenigas & Neil Ritson interviews of recent days: From recall-
1) Mr Sanderson said that Portland-Horse Hill underpins the mkt cap of UKOG.Also, the Kimmeridge is not in this value or something similar.
2) Mr Sanderson said he would be surprised if Portland not commercial or similar.
3)Mr Ritson said Portland is a Money Maker & Kimmeridge ....
4)Mr Lenigas said Main Play to come.

HISTORY:
Before and some time into the Horse Hill drill initially, some said there will never be oil come up, at most a "p..." pot.
Here we are in early July 2018 and wherein Horse Hill is now into the EWT. All eyes will be on the Kimmeridge. Balcombe [Caudrilla] next news near Broadford Bridge would also be interesting. Brockham, near Horse Hill will also be watched as well as Lidsey for the Weald Basin, UK. More news to come.

DYOR.Please check. Someone else can re-post the various interviews as it has already been posted on this forum.

Sat, 21 July 2018.

@Tiburn posted under title: Developments, 8:57am, 21 July 2018. Tiburn picked up the rest of the said Gervaise Heddle Proactive Investors new interview.

From Tiburn*s listening: "Blackhills on surface reminiscent of what they were seeing EARLY DAYS at Telfer.
We want to take these 2 assets {BH, Hv} up to an entirely next level in the next 12 months. Assessing a range of opportunities, what can you tell me? Not much, Andrew, cant bring you inside."

Comment:
From the research done thus far of Telfer via a blog from the early drillers, one could see the picture of the gold nugget in bedrock. Also, from other junior miners at Paterson including Antipa who has a JV with Rio Tinto and the Telfer technical report, one could compare these drills with GGP*s Haverion and Blackhills surface data.

Gervaise Heddle said there was industry interest or a similar phrase. I have posted the recent Artemis [Chairman David Lenigas] taking Armada licence next to Haverion at Paterson, W.Australia and it was said that Haverion is a "serious discovery" & Hole 1/3 "HITS".No wonder as Artemis would also have all t historical data on the whole of Paterson Province drilling to date incl Telfer. This would be the article wherein Artemis beat Rio to the licence by 3 hrs. The West Australian & Stockhead.com.au have also picked up on this and GGP is on Australian news radar.

Whilst some investors are looking at JV or a sale relating to co assets, I am personally looking for re-rating. Any examples or reasons why? For academic example, Solg at their Drill 1 Cascabel had a similar mkt cap to GGP after their 4 hole results at Haverion and BH surface find of nugget from bedrock. I have posted on this via mkt cap from data. However, On Drill 2, Cascabel, the mkt cap of Solg went higher. Solg via re-rating went from £8m mkt cap prior to environmental permit to £427.45m at 25.2p currently. Solg*s 52 wk high was 40.5p but intra day it was nearly 46p.
So the mkt cap was nearly £700m+. Both ARS and Solg CEO*s talk of a $1 billion re-rate as the industry norm. Solg from recall was chasing a 40 million ounce resource. Telfer actual resource from recall is higher than 27moz [I dont have the figures here].

Lastly, BHP made an Investment Proposal roughly when Solgold had done Hole 17. However, one has to reason logically, they could have been watching earlier & came in when Newcrest became an investor. Whilst investors were unable to evaluate fair value, they and their investment bankers could, judging from history.

The Solg journey started in 2013 from recall & today, it is 2018 [5 yrs in the making].

So, we investors await further developments. Re-rating or not may come, if t co is able to advance these asset/s as eluded. On topic as it is norm to watch similar peer gold co*s or gold/copper etc. GGP*s asset/s are considered in a Tier 1 jurisdiction. Others may have a shorter time frame. In t said interview, our CEO may have other investment/s in mind. Lots of ne

Evening Standard: " Here*s a picture of a tanker going into Horse Hill... Nick named Gatwick Gusher, Investors hope the site will produce BILLIONS of BARRELS OF OIL."

"Small-cap spotlight: Testing for oil at Horse Hill at Gatwick begins."-Evening Standard article.

Link: https://twitter.com/DavidLenigas/status/102039215202156360 [Article re: above] 12 hrs ago, Sat 21 July 2018

Comment: It appears that the Evening Standard was keeping an eye on Horse Hill from the picture taken but it was not said by whom.

Please check as there can be typo errors etc. DYOR.

but something vaguely comparable, fantastic. Haverion/Blackhills TRANSFORMATIONAL. Blackhills doing 3D. Other: cant bring you inside Andrew, actively reviewing. "

Re: New Video Interview with Gervaise Heddle, CEO, Greatland Gold plc with Proactive Investors, 20 July 2018. [New]
Link: https://twitter.com/sicapitaluk/status/1020260811967811584

Please check as there can be typo errors and copying errors. Its hard to listen and take notes as whilst copying, one can miss the next word/subject.

At 8:58, the Announcement: "Oil Flows to Surface at Horse Hill Discovery, UK" is due to be released. It is on https://hotcopper.com.au/asx/dor/

On topic for UKOG as it is an announcement about Horse Hill of which UKOG is part of the consortium.

"Western Australia Lithium Valley could bring 93,000 jobs, $56 billion to economy if done right, report says."-17 mins ago, Thur 19 July 2018 Link: https://twitter.com/DGRGlobal/status/1019864435022876673

On the left side of the article, it stated: "$56.52 billion-Potential ENERGY METALS sector economic contributions 2024-25." " The state has plentiful lithium reserves and supplies of of every other metal required for battery production like COBALT, manganese, vanadium, NICKEL, COPPER, tin and rare earths."

Comment:
Before anyone asks, what has the above to do with GGP, well, the co has a cobalt anomaly at Panorama, Pilbara, Western Australia. At Carnegie [1 test hole drill result awaited], GGP is looking for nickel akin in size and geo as Novo deposit, Laverton, Western Australia. As for copper, that may be Haverion, Paterson, Western Australia.

"I reckon that UKOG could be a takeover target for an oil major once the Kimmeridge is opened up on this EWT programme as the project would be very much de-risked. Plus all the approvals are in place to drill more well. Just IMHO though." -24 mins ago, David Lenigas https://twitter.com/DavidLenigas Thur, 19 July 2018

@StockVirgin82 Answer: What has Artemis to do with GGP? Artemis*s RNS/ Announcement on 17 July 2018 was all about Greatland Gold and their results. Stockhead.com.au and The West Australian has picked up on the story given that Artemis beat Rio to the licence adjacent to GGP*s Haverion by 3 hrs.

@StockVirgin82 Answer: Firstly, as you may be aware from the GGP RNS that Rio took a licence close to Haverion/Blackhills after the Haverion results came out. Today, its in all the news eg Stockhead.com.au that Artemis has pipped Rio Tinto to Haverion*s next door called the Armada Prospect. Armada is adjacent to Harverion and Blackhills of Greatland Gold*s prospects. Artemis applied for the Armada licence, 3 HOURS before Rio Tinto. So this is another Rio application but Artemis beat them to it. Artemis is of the NOVO water melon seed fame and I am sure you have heard of David Lenigas, their ChairmanM?

@mickey1122 The answer can be found at www.greatlandgold.com/paterson/ or http://greatlandgold.com/paterson/ Look at Haverion and where it mentions Olympic Dam. I dont have the quote on hand as its in my copy notes but you can check the exact words. I will give more details about Olympic Dam tomorrow or if I have the time tonight. Olympic Dam is BHP*s.

-The West Australian, Wed 18 July 2018 https://thewest.com.au/business/public-companies/artemis-in-telfer-nearology-play-ng-b88900861z

Quote:
"ASX listed Artemis Resources HAS BEATEN RIO TINTO to a prospective copper-gold tenement just 40km east of Newcrest Mining TELFER gold mine in West Australia*s Pilbara region. The small cap junior explorer applied for the 600 sq kilometre tenement, known as the Armada Prospect, about 3 hrs before Rio Tinto, which perhaps SOMETHING ABOUT ITS PROSPECTIVITY."

"Amada is located in the HIGHLY SOUGHT AFTER Paterson Ranges."

"Artemis said.... that the geological structures that hosts the HAVERION DISCOVERY in the Adjacent Permit run due north into Armada. Early stage exploration by London listed Greatland Gold at Haverion returned some HIGHLY anomalous copper gold HITS, the Best of which was 121m @2.93 gms per tonne gold and 0.23% copper...."

"Another SOLID Greatland Gold HIT in the region was 21m@3.78g/t and 0.44% copper......"

"Artemis CEO said....with the recent early stage exploration SUCCESS by Greatland Gold at their Haverion discovery has provided impetus for the co to further expand it exploration holding in the Pilbara. The Armada Prospect sits within the well endowed Paterson Orogen mineral province, of what MAY BECOME A NEW REGION FOR IRON OXIDE COPPER GOLD [IOCG] DEPOSITS. Armada*s proximity to existing mines including Telfer & HAVERION*S SERIOUS Copper Gold DISCOVERY places it in an excellent and highly prospective mineralised region. That RIO Tinto WOULD SEEK TO GET ITS FOOT ON THE SAME PATCH OF LAND also somewhat validates Artemis decision to apply for the tenement."

[Map shown at the beginning of the said article marks Haverion and Blackhills together with their drilling and surface sample results]

Please check for typo and copying errors.

Link: https://hotcopper.com.au/asx/arv ARV on ASX Announcement today, 18 July 2018. The Announcement is shown in Black colour relating to: "Ann: 600sq of Strategic Exploration Ground near TELFER."

The announcement is stated to be Price Sensitive: Yes.

Artemis in their full announcement quotes the HAD 001 and HAD 003 Drilling results from Haverion, Paterson Province, Western Australia [GGP].

"Recent exploration by Greatland Gold at their Haverion Project [Fig 2 & 3] has highlighted the Potential for a NEW IRON OXIDE COPPER GOLD [IOCG] DISTRICT with recent exploration success at Haverion represents a potentailly VERY LARGE MINERALISED SYSTEM."

Note:
Fig 2 & 3 shows Blackhills and the surface sample results in Red Colour as well as Haverion results of HAD001 & HAD 003 in full on the map. It shows Amada licence belonging to Greatland Gold and Artemis Amada is NEXT to Haverion and Blackhills!

Comment:
I said that investors were not able to read the RNS of Haverion results ie Haverion Hole 2-4. Artemis of Novo JV fame ie water melon seed nuggets in Pilbara, West Australia now reads the Greatland Gold said RNS in its industry light and quotes the Blackhills numbers and Haverion Hole 1 & 3 in detail on the map. Artemis also is cognisant of Haverion*s potential as a new IOCG district as said by GGP on their website.

David Lenigas*s Artemis is part of the mining industry in Australia as they are at the Pilbara end where GGP*s Panorama is situated and now Artemis themselves have beaten Rio Tinto to the races by obtaining the said licence 3 hrs earlier. David Lenigas has been quick on his toes as he appears to have followed the Greatland Gold story on Twitter.

DYOR. Please check as there can be typo and copying errors.

Wed, 18 July 2018

New Pic: SANDERSON in Video with Tanker BKP leaving: "Test Results to date have EXCEEDED our initial expectations, says UKOG Chairman." 4 mins ago, Wed, 18 July 2018