Member Info for Ninetails

Could the Rig be in use for somthing more important? Major UK Onshore Gas Development What the boss says: David Bramhill "West Newton is a near term, and potentially high impact project which, if successful would deliver a major UK onshore gas development. "The well is fully funded from existing cash resources, and in preparation of success, also funded for any long-term gas production test, plus further technical and initial conceptual commercial studies."

I completely agree who is selling at todays price...doesn't make any sense...

Seadoc...That is commendable qualifications for you both they are not just handed out...Although I am no longer involved in the fishing industry I keep my hand in with my macwester wight ketch...when not sailing commit the sin of rod fishing from a yacht...takes the mind away from oil, gold, gas and potash...

Argus1...ok there is room for both, onshore and offshore...the uk needs oil hope ukog gets its share atb.

Argus1...sorry if I have miss quoted you on the national significance theme...but you do try and bigup on shore oil, and highlight any downside in the offshore industry as your posting history will show...I am invested in UKOG and I am willing it to do well...but my livelihood is in the northsea and it is doing quite well contrary to the beliefs on this BB

Seadoc...sorry I cant help with any of your questions...I managed to atain the marine qualification of Deck officer class 1 fishing...was at sea 26 years, 13 of that as skipper...fished mostly uk waters with the odd excursion out with, when needed...no idea why the north sea has been so productive...

Argus1...I know this is only an EWT but the oil retrieved from the begining of the test...which you continually promote as something of national significance...is being achieved off shore on one of the platforms I work on in 2 days !!

What happens when the eyes have a day off ? Must have missed something...please enlighten me...

When are we expecting news on colter ?

This seems a lonely share to be holding just now...I have been critical of SS and his ramping before a fund raise...his wishy washy RNS and radio silence when it pleases him...but there is usually plenty of posters on here that will come to his defence and shut me up...where have they all gone? By the way I bought more today(I might be mad time will tell)

Ok thank you ocelot...so seadocs calculations are perfectly viable if you choose to believe them...makes sense...

I am no mathematical expert and looking at all the diagnoses individually they all look plausible...Seadoc is not a bad chap but could someone please come up with some set of figures that will put his pessimistic values to bed...

Ouch!!

I mentioned this a couple of years ago on here...

This is a problem you will have in a populated area …

https://www.independent.co.uk/news/world/europe/groningen-earthquake-today-netherlands-gas-extraction-fracking-a8924846.html

https://www.dutchnews.nl/news/2019/05/groningen-hit-by-strong-earthquake-as-gas-extraction-impact-continues/

. We are optimistic that Horse Hill's horizontal production targets of 720-1,080 bopd per well can be met and that subject to these production rate and regulatory approval, Horse Hill will be able to generate fee cash flow in 2020. The addition of proven and probable reserves at Horse Hill will could also facilitate possible reserve-based lending (i.e. debt facilities) which can further help reduce the need for equity dilution. The prospect of free cash flow and associated proven and probable reserves from Horse Hill in the next financial year, places the Company in a strong position to deliver its ambitious 2020 drilling plans and the associated growth. Horse Hill can solidly underpin our future   The Company will also not stand on its laurels and will continue to optimise its portfolio, rationalise ownership of key assets and seek further investment opportunities, both in the UK onshore and elsewhere. Whilst much of our current operational plan could be funded by internally generated future cash flow, we do not rule out the need for additional funding for new opportunities that could provide a step change in growth...maybe just forget the new opportunities until we get the old ones up and running first...

Well I am certainly not happy the way things have gone lately...but the position I am in it looks like I will be buying some more over the next week or so...my last top up was around 1.30 then got the kick in the nuts placing...still sticks in my throat...but I am invested here and will stick with it ...won't be chasing rainbows elsewhere...tried it and I am no good at it ...best of luck to all whatever way you play this now ...

In the know...SS releasing his see it, smell it, touch it RNS I bought more at even higher price.....clearly that RNS if you are very generous was misleading...someone else's post but I agree whole heartedly....shocking...

Good news for offshore oil companies Forecasts of how much oil and gas could be produced by the UK offshore industry have been revised upwards. The industry regulator now believes 11.9 billion barrels will be extracted by 2050, up from an estimate of eight billion four years ago. So far, 43 billion barrels of oil or its gas equivalent have been extracted from UK waters. The new prediction is driven by lower production costs, technical advances and 30 new fields coming on stream...tit for tat....I want UKOG to succeed...but I work offshore and where i am looking at it my job is secure for many years ATB

Every CEO, of course, holds some equity in his or her company. It’s often equity that was granted as opposed to an actual investment, though. Our clients want companies where the boss has pushed all in, where his or her wealth is deeply tied to the company's fortunes. Private equity firms now seek out investments where the CEO’s risk mimics that of the institutional fund — where the CEO loses real wealth right along with shareholders if things go sour. It’s not easy for small investors to mimic the actions of their big-money peers, but in this case, it’s possible: You can get better, steadier returns by investing with an executive whose net worth and risk profile track that of shareholders. It makes sense to align the incentives of the CEO with those of the company’s investors. And yet it’s surprising how often those things often run askew of each other. Most CEOs garner a large paycheck regardless of stock performance. That’s why many of the world’s best investors, like Warren Buffett, have to diligently search for opportunities where the incentives of shareholders and executives hew to the same line. (Buffett himself, by the way, is no hypocrite.

Wisard125...i read your posts with interest and try to extrapolate fact from fiction...as i do with seadoc and all the other posters on here...