Member Info for ocelot

Think the key points are:
1/ it will eliminate the current high level of water disposal costs;
2/ it may increase oil production levels (and, at the present time, any increase of oil production would be welcome).

Ibug,

Isn't 200 bopd about double the current oil flow?

If you look at the one-year graph, it was during August and September last year that the share price rose from about 0.05p to about 0.55p, ie. it multiplied by about 11 times at the peak.

The last 10 months have seen that rise being consolidated.

The IPO of Greenroc Mining and the de-watering permit could occur at any time now.

Are we heading for an exciting month of September?

Not convinced natural gas goes "out of date".

Grayling,

The DO have some to sell, from HH. Given the low volume involved, every little bit extra on the oil price helps.

More generally, a strong oil price contributes to an improved financial climate for all participants in the sector, whether it is a question of raising equity or debt finance.

just! $70.07.

Extract from Portfolio, Horse Hill 2020:

... An addendum to the Field Development Plan for the conversion of HH-2z to a water injector has been submitted. Other regulatory consents for water injection are underway, with permissions currently forecast for some time in Q2 2021, subject to any pandemic related delays.

Risk/reward ratio. The potential reward far outweighs the possible risk (imho).

How much does one want to leave on deposit at the bank when ANGS could prove to be a 10-bagger in the medium term?

If the IPO is launched in August, that means by next Tuesday at the latest.

There is no way the results can be known before then.

pdf version:

https://www.rns-pdf.londonstockexchange.com/rns/5318J_1-2021-8-23.pdf

PS: by "principal" shareholder I mean the principal external shareholder, the Parisian private equity investment company.

Exploration,

It was quite recently that you were arguing the success of Basur-3 was important for AME's principal shareholder.

Maybe Spreadex are selling down again.

Q ... How do you get a poster to ask how you get a new road built in a foreign country?

A ... Tell them the UKOG board is available for such posts.

Off this morning, because the KRG has unilaterally terminated its contracts to develop 2 major gas fields in Iraqi Kurdistan.

It's a long shot, but could some money invested in Genel now take a closer look at UKOG's ambitions in SE Turkey?

HH1AN2,

As you note, await developments, not much to say in the meantime, it's all been said already very many times over.

72% SELL v 64% yesterday and 56% sell a week ago.

50-day moving average down to 0.174p

https://www.barchart.com/stocks/quotes/UKOG.LN/opinion

Ibug,

My mistake, I should just have written "permissions".

Turkey: collection of seismic data scheduled to begin in August. This will need to be interpreted by both teams, so we could be talking about, say, 3 months in all;
UK:
Loxley appeal decision due in the Autumn;
Isle of Wight planning committee date likely to be in the Autumn, too;
HH: await planning permissions for conversion of HH-2z into a water injector (don't know when these may come through).

Consequently, the first DDSPP purchase is expected to occur on Friday July 2nd, 2021 and the final purchase on Friday June 3rd, 2022.
--------------------
That has not happened, so it constitutes a loose end which the company should tie up with another RNS, explaining why their original expectation has not been met.

All shareholders accept the uncertainties involved in exploration and the UK regulatory involvement, which is why the company should seek to reduce all other uncertainties to a strict minimum.