Member Info for ocelot

From the 10/10/18 update:

"Genel continues to rapidly increase both production and cash, and is now in a net cash position...".

Debt is $300m so cash is $300m+.

Didn't think you were, but it's not always clear on this board, agreed.

SS had a lot to say and little time in which to say it, so it didn't seem very controlled to me.

But, of course, he can't say anything which would require an RNS.

It's precisely this kind of behaviour that got freeasabird and doose banned at the time:

"UKOG is rubbish".

"No, UKOG is great, Angus is rubbish", etc, etc.

3 interviews this week:

Paul Vonk spoke of a "hybrid reservoir";

DL spoke of "one of the great onshore oil finds in Western Europe";

SS today referred to UKOG's "concept of a continuous oil deposit being laterally extensive across the Weald".

As time goes by, it does seem to be coming together for all those involved.

Correction of DL quote.

3 interviews this week:

Paul Vonk spoke of a "hybrid reservoir";

DL spoke of "one of the great oil finds in Western Europe";

SS today referred to UKOG's "concept of a continuous oil deposit being laterally extensive across the Weald".

As time goes by, it does seem to be coming together for all those involved.

On the way to becoming a mid-cap?

Looks like it!

:-)

At $70 per barrel, £20m of annual revenue equals about 1,000 bpd.

re HH, it referred to those revenues in a year from the Portland and the HH1z horizontal sidetrack.

gross sales revenues.

the station and ... it has a very exciting destination in mind".

speaks of £20m of gross sales revenues from HH's Portland and the horizontal sidetrack, HH1z, with oil at $70, which could possibly be conservative for both.

Says the orientation of HH well is "not optimal", either to recover the best amount of oil or at the best rates.

wizard125,

would prefer to think they believe the prospects of the Weald basin are such that it is time to get behind some of these enterprising oil exploration and production companies.

Just to follow up on my earlier post of 11:42:

If IIs took about 3/4 of Angus's recent £2m placing, then it is reasonable to assume they are studying UKOG carefully, as the principal player in the Weald basin.

Somewhat belatedly, have now listened to Paul Vonk's recent interview.

Note that he reckons about 3/4 of their £2m placing went to "the biggest IIs in the small and mid-cap space in the UK".

If it rises by, say, 50%, then you can begin to talk of a re-rate.

Motley Fool is a weather vane, pumping out articles on UKOG because they know it is a PI stock.

The producers did not know that Trump was going to offer waivers to quite so many of Iran's most important customers.

Share talk said they hope to interview SS tomorrow.