Member Info for nhawan

If it is a pipeline then the quantity flowing must be pretty high. The expense of a pipeline is probably cheaper than 4+ tankers per day. Good news coming I feel.

The testing on the Kimmeridge has just started a few days ago so I would expect an update by end of this week or early next week. The new works happening in the adjacent field makes things very interesting. Are they adding a connection to a pipeline to pump oil directly to a refinery or is this preparation for the 4 new wells?

Definitely wouldn't be doing either of those things if the Kimmeridge was a failure.

perhaps the seller (s) have cleared and MM's have decided to let it go. Or has an RNS been logged? Would be a nice surprise .

A one week test is hardly going to satisfy big investors. Once they have a CPR declaring it commercial then it may show value but for now the market is probably worried in case there is a fund raise or whatever.

Surely they will have to let it go soon. A sea of blue and they are still holding it.

https://twitter.com/Gagsy456/status/1047405661875781632

4 strokes per min at the moment.
All looking good.

It was impossible to even sell 1m shares for above 1.97p so how would anyone manage to sell 13.5m for a bit higher than that? The 7.5m trade was at 1.99p which is even higher. Both are buys for sure and some obviously are worried now since they didn't get in before the close.

I bet you are thinking 'ifonly' they were sells ;)

With a price of 1.99p and 1.978p you would be a complete numbskull to think you would get that price to sell.

Someone is obviously loading up for the big RNS.

Shares do eventually rise once a companystarts making money. Look at GKP for example. They were struggling a few years ago but once the cash came rolling in the sp tripled in 6 months.
UKOG is low now because people are not totally convinced the weald is commercial yet. The CPR and further success at HH should get it moving especially if production is scheduled for middle of next year.

If the flare stack is still showing activity then we can assume it's free flowing. Perhaps the twitter guys may report later.

Since the pump is running I would expect a tanker sighting tomorrow if one of the twitter guys visits the site.

There's a heat haze video now on twitter so I guess it may well be pumping oil.

https://twitter.com/Adrianwfire/status/1046683931859398656

Maybe things are not as bad as it seems. An ANGUS update would give everyone a boost.

The Kimmeridge last free flowed up to 900bopd. This pump must have a higher flow rate capacity than that or they are facing problems and trying to force the oil or blockages out. With the apparent delay over the last 2 weeks I'd be cautious.

Funny how the twitter guys made the video on Friday but posted it today. Is it an attempt to hold up the sp I wonder.

It seems to me the ramping over the weekend may have been to allow someone to get out. All seems to be too quite at HH and even Balcombe . Where are the tankers you would expect to see if oil is supposed to be flowing?

The Kimmeridge zones should have been flowing by now but we are still seeing strings going in and out for 2-3 weeks now.

From the BB debacle we know that when SS goes quite it usually does not bode well. I've derisked for now.

That big bertha tank leaving is worrying. If it was an oil storage tank then things may not be as good as some think. The well should have been flowing by now but nothing appears to be happening. Even Angus were up and running within a week.

They must be ready to unplug it. The oil may well flow over the weekend. Take your positions.

If DL is thinking of selling his Doreimus stake for UKOG shares like the previous deals then it is in his interest to have a low sp.

If they are pressure testing then the oil may well start flowing within 24 hours. Could be an exciting week coming especially if UKOG decide to tweet like Angus did on flow test commencement.

It would be in the interests the remaining stakeholders of HH who want to sell their stake to make the deal at a low share price if they are to be given shares instead of cash. I suspect that is the reason for the fun and games we are seeing recently. David Lenigas has gone quite so perhaps he is looking at a 1.8p transfer of the Doreimus stake and then sell up when it's a lot higher.