Member Info for ocelot

The current price is almost exactly the same low that was touched in 2017 (0.85p) before UKOG rose to 11p within the next very few months.

It means, ahead of short-term developments, UKOG is very difficult to value with any precision by anybody, whether ramper or deramper, because nobody, not even UKOG's management, can currently know for sure the results of those developments.

Best wishes for the coming year to UKOG's management and to all invested in, or contemplating investment in, UKOG.

Acknowledgements to Mirasol on the UKOG board:

https://drillordrop.com/2019/12/31/2019-disappointing-year-for-many-onshore-oil-and-gas-investors/

JayKay is the BeeKay, the Bee's Knees!

Let's see what the new year brings for UKOG and HH.

A Happy, Healthy and Prosperous New Year to you all.

HH-2z is currently shut-in for a scheduled long duration pressure build-up test ("PBU"), during which time preparations will be finalised for a series of planned interventions to further optimise flow rates from the Portland reservoir's sweet-spot.

Whilst HH-2z continued to clean-up prior to the current shut-in, returning oil, completion and drilling fluids to surface, evidence of formation water ingress was also recorded. Consequently, an additional routine intervention is planned to shut-off the water source, currently interpreted to be from an open natural fracture in the "toe" (or far end) of the horizontal trajectory...

The HH-2z interventions are planned to commence in the New Year following completion of the ongoing HH-2z PBU and will be reported in due course.

35m in all.
SS: 25m, consultants: 10m.
See notes 20 and 21 to the 30/09/18 annual report.

That's what the stock market is all about, happiness!

PS: they seem to have updated Balcombe Residents FAQs, too:

http://www.angusenergy.co.uk/what-we-do/balcombe-residents-faqs/

http://www.angusenergy.co.uk/what-we-do/

Glad to hear that, FootieladBaz.

For a moment, thought UKOG had diversified into retirement accommodation for gentlefolk in distressed circumstances.

loan down to £3.6m (thought I'd mention it!).

Totally agree with you, Boyobach.

That's why so many analysts focus on cash figures, because they're not subject to the subjective judgements involved in establishing earnings figures.

Article on the Permian basin in the Times, p 40, entitled: "Era of making a quick buck from shale is at a close".

and next year will be worse".

Title of article in the Sunday Times, p19.

Taking advantage of the disputed territories between the Iraqi army and the Peshmerga's areas of control.

Agreed, Boyobach.

The FCF being forecast seems to be subject to adjustment for overdue payments!

The contraction of the oil and gas industry in and around Texas continued in the fourth quarter as shale producers cut back on spending and jobs, the latest survey from the Federal Reserve Bank of Dallas showed...

https://www.bloomberg.com/news/articles/2019-12-27/texas-oil-and-gas-sector-contracts-amid-challenging-conditions?srnd=premium

Thank you for your comment, LSE337.

Looking forward to the "further optimising" of both HH-1's Kimmeridge and Portland!

YL,

This is the first definition of "anguish" produced by a google search

anguish
severe mental or physical pain or suffering.

If that's not an emotionally-charged word, what is?

Intrigued by this sentence from yesterday's RNS:

Furthermore, upon establishment of stable oil flow from HH-2z, a short HH-1 intervention is also planned to further optimise both Kimmeridge and Portland test production from the vertical wellbore.

Wishing you and your families a Merry Christmas, whatever your opinion on Angus may be.

YL,

I've always thought investment was supposed to be, above all, for cool heads and rational decision-making, but your use of emotionally-charged words such as "Anguish" Energy betrays the extent of your emotional involvement in ANGS.

Let me echo Klassic and Hawkey's posts:

wishing a Merry Christmas to all of you and your families (and here's hoping for some positive news re Bina Bawi in the new year!).