Member Info for nhawan

https://twitter.com/Adrianwfire/status/1022524951629193217

Still running as expected without any problems.

We need actual footage of the pumps or tankers to stop the panic. It's been walked down all week but will have to stabilise soon. It needs to bounce of 1.9p to maintain the uptrend.

Surely there is something coming tomorrow hence the markdown. If it was bad news then it's usually pumped beforehand to allow the big boys out. We know the pump is still pumping so it must be good news soon.

Possible if people get in in anticipation of a surprise RNS Friday. 2p is the placing price and the big sells seem to have cleared so it should hold in any case.

https://twitter.com/Adrianwfire/status/1022391334525718528

"The fool on the hill
‏ @Adrianwfire
Replying to @darkskyfs @WealdOilers

I'm afraid the space where use to stand has been blocked with tanks. Horsey Women next door told me she had complained to UKOG she could see the site through the fence. The new tanks have blocked my sight."

@Adrianfire mentioned that he can't take the pics from the location he usually takes them from. Rather sad really.

The trade was reported live when normally it would be reported later. The MM's are reporting the sells immediately to panic people into selling. Expect a reversal very soon..possibly be close.

If it was a sell someone still bought them at around 2p. Sooner or later the seller will be cleared and I doubt any recent placing shares will be sold at the current price.

Commerciality is key. Once Portland is confirmed as commercial then I would expect the sp to rise in anticipation of Kimmeridge also being successful. 4-5p is not out of the question in a months time

bounced off support at 1.95p like it did on the 6th July. Trend suggests another test of 2.6p in the coming days or weeks. Pump is running and probably will see more tankers this week imo.

The pump is still running.

https://twitter.com/WealdOilers/status/1022384462095634432

According to @adrianfire there are no new pics or videos of the pump because the view has been blocked..

"The fool on the hill
‏ @Adrianwfire
1m1 minute ago

I'm afraid the space where use to stand has been blocked with tanks. Horsey Women next door told me she had complained to UKOG she could see the site through the fence. The new tanks have blocked my sight."

I think we just needs more tanker sightings to alleviate any jitters. The twitter guys haven't posted any videos of the pump working which would at least show evidence that the oil is still flowing.

It's flippers and shorters who have tried to push this down but sooner or later they will have run out of ammo. I think today might be that day.

It would have been wise if that advice was given last week when sp was 2.5p but it isn't smart when the sp is at support level.

They had about 300m barrels of heavy oil. HH is estimated to have more than a few billion at least.

seadoc,

XEL had a debt of £130m afaik which they could not pay hence the banktruptcy. UKOG has £12.5m in the bank and is right now making some money with the EWT and will continue this source of income if they start producing next year.

You are basing your valuation on just the portland zone which is about 300bopd. You are conveniently forgetting the other Kimmeridge zones at HH and all the other assets owned by UKOG.

£35m valuation for just the Portland which is only is about 15% of HH's predicted output is actually pretty good though ;)

Surely this will bounce soon. There is absolutely no reason for the drop. Oversold.

I can only assume there are some large buyers wanting in at a cheap price and are causing a temporary drop to scare out pi's. The reported buys are outweighing the sells for now so it doesn't make sense for the walk down.

The charts say there should be a bounce from around this price. If it breaks down below 1.9p then the uptrend is broken.

The twitter guys can't be there all the time and can miss a tanker like they did yesteray. I would expect a tanker or 2 daily as long as the pump is running.

We should get an RNS after a week of testing. Maybe Friday of next Monday.