Member Info for ocelot

The figures are based on what SS said about the end of 2019 but, in principle, the market won't wait until the last minute before beginning to re-rate.

Cash flow, not net income.

Alba own 18.1% of HHDL which owns 65% of HH.

UT trade of 395k shares, not bad at all on the last full trading day before Xmas.

Error in oil price, not in the calculation

SS's recent interview suggested 2,000 bpd for HH by the end of 2019.

2,000 x $53.2 x 365 = $38.8m pa.

at $1.27 = £30.6m pa.

Alba's share = 18.1% x0.65 = £3.6m pa.

SS's recent interview suggested 2,000 bpd for HH by the end of 2019.

2,000 x $52.2 x 365 = $38.8m pa.

at $1.27 = £30.6m pa.

Alba's share = 18.1% x0.65 = £3.6m pa.

SS can exercise his options at any time until their expiry, hence has no need to stump up any cash in the meantime.

Boyobach,

NAV of nearly 500p, I reckon.

At $1.267, net assets = 473p at 30/06/18.

Tack on, say, another 20p for the last 6 months, we arrive at 493p for this soon coming year end.

China’s top policy makers said “significant” cuts to taxes and fees will be enacted in 2019, and signaled an easier monetary policy stance, as the government tries to put a floor under the economic slowdown...

https://www.bloomberg.com/news/articles/2018-12-21/china-says-more-tax-cuts-coming-signals-easier-monetary-policy?srnd=premium-europe

It didn't take Mattis long to resign after Trump's decision to leave Syria.

Agreed, looks as if Trump is prepared to leave the Kurds to the Turks - makes the US appear to be a very unreliable ally.

2,000 bpd x $55.3 x 365 = $40.5m pa

@ 1.27 = £31.9m pa

x 46.735% = £14.9m for UKOG's share

Those 2,000 bpd by the end of next year should pave the way to debt financing for UKOG, at which point an already busy programme could accelerate further.

UKOG is shifting from a pure exploration play to an exploration and production oil company as we post on this board.

Breaking up for the school holidays.

If there are sellers at 1.30p and below, then there's no reason for the share price to be quoted any higher.

that UKOG's share price does not reflect its potential.

We can all listen to the interview for ourselves and come to our own conclusions.

listen to the interview SS gave today

"Money doesn't seem to be a problem" (SS).

At $1.263, net assets at 30/06/18 were 474p.

They will have increased during the last 6 months.

Just waiting for Santa to free his sleigh from a snow drift!