Member Info for ocelot

Agreed, Yanis - unfortunately, their permission was out of kilter with the logic of the situation of the well.

Totally agree with you, BigBear2.
It would have been logical for the 1st stage of their proposal:
1) Pumping out previously used drilling fluids to ascertain any oil flow (up to 4 weeks),
to have been done in the immediate aftermath of their earlier test.

Expensive exercise - there are better destinations for Alba's resources at the present time.

Think the doomsters fear getting the stock wrong twice:
1/ the first time, by buying in too high;
2/ the second time, by selling out too low.

Quietest morning session I can remember - still only 22,342 shares traded, in more than 3 1/2 hours.

1,588 shares traded so far.

In terms of book value, it is by far the largest asset in the balance sheet.

So 1,500 bopd at, say, $60 = $32.85m pa at, say, 1.23 = £26.7m pa supports a market cap, at 0.72p, on the basis of the current share capital, of £44m, ie 1.65x revenue.

Looks a somewhat modest basis of evaluation to me!

So 1,500 bopd at, say, $60 = $32.85m pa at, say, 1.23 = £26.7m pa supports a market cap, at 0.72p, on the basis of the current market cap, of £44m, ie 1.65x revenue.

Looks a somewhat modest basis of evaluation to me!

:-)

I'll leave you to your suspicious nature, seadoc - good luck!

No, seadoc, you are needlessly suspicious, imho.

It makes total sense to align HHDL's accounting period with that of UKOG, now that it is a subsidiary of UKOG.

Surely, as someone with some knowledge of accounts, you can understand that?

Let's hope wiser counsels in Washington can prevail.

You were talking about the accounts of HHDL to 31/12/18, not to 30/09/18, seadoc.

But why would they want to do that, seadoc, given that they already own 77.9% of HHDL and control HH?

These have been America's allies in the fight against ISIS.

His decision seems to have upset a lot of Americans.

You'll never see HHDL's results to 31/12/18, seadoc, but you will see their results to 30/09/19, initially, when consolidated into UKOG's results for that period.

Thank you for your message, CCC - encouraging!

Paul Weir will join from Tullow, which is currently a £2.9bn company.

Bill Higgs, Chief Executive of Genel, said:

"Genel is gearing up for rapid operational growth. Maximising the
high-margin production from the Tawke and Taq Taq PSCs remains a key focus,
as it provides the material cash generation that allows us to rapidly
recycle capital into an asset portfolio with the potential to deliver
sustained cash flow growth. With production from Sarta also less than twelve
months away, I am delighted to welcome Paul to the Genel team, where I am
certain that his expertise will be invaluable in delivering our growth
aspirations."