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I'd prefer if all posters to have a balanced outlook. Share holders will tend to see positives in the main, happy to cite the upsides that convinced them to invest in the first place and might come across a bit rampy. The unadulterated tampers, we all know who they are. Then you have those that post negative comments 99% of the time, most if not all their posts on the one board. Now what could their agenda be? It won't be honourable that's for sure. Lots to look forward to here.... rig, HH2 spud, planning meeting, HH2 foil. Hope YA don't take too much of the gloss off. GL.
Seadoc I'm no expert but it looks to me that HH2 spud is dependant on legal completion of the sale, not the funds. Maybe this is why things have been delayed until now? Who knows. For balance, I am a tad perplexed why HH1z is no longer mentioned in tandem with HH2. Maybe it is still funded, or maybe the agreed additional YA funds are needed for that? With a fair wind, HH will be pumping 3500bopd within a year, net 86% to ukog, and an extra billion shares will be long forgotten.
R.E cash call for HH2, what part of this bit from the last rns needs further clarification?
"It should be noted that the cash consideration will not impact UKOG's ability to fund the forthcoming Horse Hill 2/2z drilling and extended testing campaign, as cash funds for its full 85.635% share were set aside and ringfenced internally in Spring of this year"
But sure, don't let factual information get in the way of clear negative bias posting. And again, none of the usual derampers rush out to counter, saving their vitriol for those who publish positive posts.
Heid, SS isn't any more or less competent for the job than he has been over the last number of years during which you have posted literally 1000's of endearing messages referring to him as your imaginary uncle and his burgundy trousers. Now you want someone else in? Maybe an auntie with a nice plaited skirt?
Rig will come soon. Let's hope for a successful drill and ewt on both horizontals. Only positive tangible updates will suffice. Hard facts. No guff. No viewing galleries, passing lanes, pouring oil, flagship statements. Tell me that the well has been successfully completed and that it is flowing at over 1000b of dry oil per day over a sustained period. The Weald needs wells proven to flow at these rates. Until then there will be big ??? on the Weald resource and the ability of the companies like ukog not to make a pigs ear of things. GL.
I suppose everyone has a different threshold of patience but it is strange that several long term vocal supporters of ukog seem to have crossed their thresholds around the same time. This is strange given all the coals that ukog has pulled us over this past 2 years and they flip now when the drilling campaign is just around the corner. While not much is happening at HH it has been interesting to watch the various characters shift positions. I'll be consistent in my outlook.... Mid next year to be generating free cash and self funding, but 7b shares +/- in circulation. I can wait ( too far under not to) GL.
I'm not sure if any of us fully comprehend the magnitude of this application. Hhdl want to truck oil down the road every day for the next two decades, 16 tankers a day at its peak. It is frustrating but I'd rather all the issues were resolved in advance in a professional manner. One small chink in this application will give the councillors cause to vote it down. SS has stated Autumn all along. GL.
Tomorrow is 21st June, longest day of the year and my daughter's 9th birthday. Also means 9 days left in Q2. By all accounts #28 is being dismantled so plenty of time to get it on site. Yes it's at the absolute tail end of the published timeline and as I've said before a July spud is fine for me. Once the rig is on site the mood on here will flip and it will be high 5's all round. Degsy and his like will turn up, Heid will have bought at the absolute lowest price ( sorry Heid) and we'll have 1000 posts a day. Everyone's nerves are frayed, especially those of us that have held for what seems a lifetime through the really dark times. Good luck to those with genuine intentions.
Disingenuous posters can be spotted. Some take longer to show their hand than others but they surface eventually, tripping up on their untruths. I'm always wary of staunch views in either direction. Twitter pics tell a 1000 words and if the eyes trade on them then fair enough. I would. GL.
The last £3.5m raise was a sore one. By my calcs there is still £1m if the opportunistic £2m that has not been spent on acquisitions. I hope SS doesn't think that we will just forget about it and let him spend it on something else. I'd actually be delighted if he used the £3.5m to get HH production ready and put a hole in HH3 drilling costs.
I swing between opposing views. One side tells me that SS knew that HH2 was coming, at one point indicated drill could be pulled forward, so where is the flipping rig? Other side refuses to believe that SS and company, (he is not alone at hhdl/ukog plus partners) would be so incompetent as to let a rig slot slip through their fingers, so what is their agenda? Two things are for sure, we won't know the real order of events and the rig will come. GL. L
MrC, I am confused. You say you are invested yet you cast aspersions as to the authenticity of the oil tankers? What aspects of the tanker reporting are alleged in your opinion, the unofficial tanker count from the eyes or the official tanker count from the rns's? I am invested and I also dislike unsubstantiated ramping, but I'm under no illusions as to the authenticity of the reported volumes of oil out the gate.
We've been given 2 weeks notice of events( ewt kit lead time?). I'm intrigued as to what the preparatory work entails, is it just well clean up, more work to better expose the Perfs, more Perfs? That all said, the last 2 ops updates have been devoid of detail and the sp reflects this. Has Lucan been granted any options yet?
IF rig 28 is the only rig that can do the job and if BDF knew this then they are in the driving seat. BDF could dictate the sequence of events. Give it to UJO first as they were ready and have one well to drill, then give to HHDL second as they are still under EWT and have not one but two drills to complete back to back. Did SS order the drill late... maybe. But what is more likely imo is that BDF had a big say in events to better utilise their equipment and their own costs/profit. GL.