Member Info for Noocyt

Just gone through

I cannot buy outright either, had to place an order for 291540, 333,333 share trade already gone through this morning, but I cannot buy a quantity below it, wouldn't let me buy sub £100 worth outright!

# of Trades 424
Vol Sold 15,421,811
Vol Bought 52,064,287

That's how they create a market.

If they don't have shares they can't create a market and they have to do this for themselves to make money, they have to increase the liqudity.

The MM's know exactly where there are pools of shares. Long & Short Stops, at just below the bid & just above the ask. So a sharp move in either direction will trigger those stops and the MM's have the shares they need to make the market, but this move also stimulates willing buyers or sellers and that helps liquidity.

So removing 100m3 of oil caused the earth quakes, pull the other one!

If a quake was caused by a loss of fluids, it won't be from the minute amount of oil extracted, more likely due to drop in water table by the present drought!

And that is equally very doubtful.

Portland 352 bopd, Upper K 901 bopd, Lower K was 463 bopd (on a smaller choke to stop water take up) guesstimated reduction to 300 bopd.

352 + 901 + 300 = 1552
OPEX $20 from S. Sanderson's interview: https://www.youtube.com/watch?v=KD7FmWA9vvU

Brent crude price: $72.99 - $20 @ $1.31 = £40.45/barrel

1552 * £40.45 = £62778/day
UKOG 32.435% = £20362
So 1 well, £20362 * 365 = £7,432,193 per annum, from 1 well, Steve said in the Share Talk interview at 2:22 mins in, we already have another well cellar & planning permission already in place for the next HH well.

103-ft aggregate perforated zone within the Upper Portland sandstone interval at a depth of approximately 615 metres below ground level, flowed via rod pumping as follows,

Oil 37o API, Flow rates 168 bopd, Oil 100%, Water 0%, Duration of flow test 9 hours.
..............................................................................................................................................

The shallower Upper Kimmeridge limestone and Portland sandstone zones at approximately 840 and 615 metres below ground level,

Oil 40o API, Flow rates 465 bopd, Oil 100%, Water 0%, Duration of flow test 9.5 hours on 28/64" choke.
............................................................................................................................................................................
80-foot zone within the Lower Kimmeridge limestone interval at a depth of approximately 900 metres below ground level

1st test on Lower Kimmeridge: Oil 40o API, Flow rates 700 bopd, Oil 50%, Water 50%, duration of flow test, not disclosed but on 1" choke.
2nd test on Lower Kimmeridge: Oil 40o API, Flow rates 463 bopd, Oil 99%, Water 1%, duration of flow test 7.3 hours on 1/2" choke. Moving to a 28/64" or 20/64" choke should stop water form the Lower K.
.........................................................................................................................................................................................

So water contact is in the basement Lower Kimmeridge, reducing the choke size will stop the venturi effect water carry to the surface.

Not commenting on the reduction in bopd from the Lower K.

offering the Ask for my shares - not that I'm selling!

Moved from being stacked at 2.5p this morning to 2.65p, now stacked at 2.7p level, but I missed when they moved occurred.
WIRE is in the stack at 2.7p, I hope to see them moved away from the 2.7p ASK stack tomorrow. If they do, it all bodes well.

When the house Broker/NOMAD (WIRE) and Joint broker (CNKS) move away from the ASK & raise the BID, you know that your on the right side of the trade.

Long & strong until they move to tell me differently.

Noocyt

Still being offered the Ask to sell!

Moved from being stacked at 2.5p this morning so creating the next resistance level.

Thats how they stimulate sellers

ii willing to take 1.5m at 2.5p, I agree they

You have to love it when they start offering you the Ask price for your shares.

Watch for a silly £100 of shares go through around the 2.45p, so they can stimulate some selling!

ii offering me the Ask (2.5p) to sell my shares!

And as I typed they did, well pleased they've moved, bodes well IMO.

Now on the Ask at 2.5p, been at this price for 2 weeks plus, was hoping to see them more off the 2.5p price to a higher price.

shallwe:

Looked at Advfn at weekend, £44 /month is quite a bit more than the £24 I'm paying, but it may be a case of you get what you pay for.

JTTALV:
I use LSE also, but when the spread squeezes, as it has today, then its pretty lame. So looking to find a better service.