Member Info for Oktane

Game trail camera, better ones can link via a sim, aimed at gate. Camo best, keep swampies looking in vain...

And or sweets / beers for gate guys

Dear Sir or Madam,
West Sussex County Council Planning Applications:

WSCC/078/19 - Amendment of condition no. 1 of planning permission WSCC/033/18/WC to enable the retention of security fencing, gates and cabins for a further 24 months

WSCC/079/19 - Amendment of condition no. 1 of planning permission WSCC/032/18/WC extending the permission by 24 months to enable the completion of phase 4 site retention and restoration

At Woodbarn Farm, Adversane Lane, Broadford Bridge, Billingshurst, West Sussex, RH14 9ED



I would like to let you know that the above applications are to be considered at the meeting of Planning Committee to be held on Tuesday, 24 March 2020. The meeting will be taking place at County Hall, West Street, Chichester, PO19 1RQ. Please note that as at this time, it is business as usual at West Sussex County Council and this meeting is going ahead. Should this change, due to situation with Coronavirus COVID 19, we will let you know.



It is possible to access the agenda and reports for the meeting on the West Sussex County Council. The website address for the Planning Committee page is provided below:

https://www.westsussex.gov.uk/about-the-council/how-the-council-works/committees-and-decision-making/statutory-committees/planning-committee/

Look at UJO share price for one of 15 billion shares will answer your question.

Pretty grim in the UK oil equity markets.

But imagine if you were in CWD, Countrywide, down 50% today, and since 2014 gone from £18,300 to £83 today, yikes!

Nothing like a 30% rise to keep them in their woods, igloss, or good old CCCP. No doubt they will return soon to tell us we are still going out of business shortly.

May we see many more large daily rises as HH is gradually brought up to full production target of 3,500 b/d

Great incremental progress.

Tough Friday the 13th for RT, DD, Pingu, and the regular cast of derampers that infest this site. Just yesterday their new theme was "UKOG will go bust". Bit cold at the campsite this morning!

for dahmed:

"The legally indefensible publication or broadcast of words or images that are degrading to a person or injurious to his or her reputation."

At a market cap of ANGS of £3.5m, a buyout at a little premium price by the likes of RL, pocket money for a billionaire, might be the best possible outcome as of today...

Given the massive external shocks from CV19 and OPEC production battles, our UKOG is holding up pretty well.

Our fellow Weald wildcat ANGS is now at a market cap of £3.5m, and I don't think there is much interest in a buyout from anyone. HUR is down from over £1B to mrkt cap of £205m. And poor TLW has imploded, to at value of £239m. When crude prices recover and virus hysteria abates the healthiest of these companies will rebound massively.

For UKOG, it remains a patience game, get oil into production from our two Portland and one Kim wells, and use the funds to drill additional wells and progress planning applications. Don't fall prey to the usual doom mongers here regarding well depletion, there is lots of oil at HH and additional wells with better understanding of the geology will maintain good flows.

ian - storage tanks = FULL !

Ah but Zoom and Scally, you aren't swampies, but rational INVESTORS.

Best to ignore those that will always look everything negatively.

Risk management.

Anyone that bought AFTER last weeks RNS (not in advance) is underwater now.

Some short term traders always cut losses. Hence the selling.

Lotta new long-term holders here, trust that was the plan initially...

Dry oil is the key phrase.

Most with no industry knowledge do not understand that having sat for 3+ months filled with drilling fluid and water SS never expected optimal flows from just 'turning the tap on' as was expected by some last year at Brockham. Instead there will be a gradual incresed choke on thewell and the nearby pores to the well will be made to flow better.

As always from it can't be fixed to it won't flow better ever we get the cascade of negative views. Have a look at other wildcaters in the UK or producers, UKOG is not down >25%.

Be glad we are onshore with low costs. Ongoing lifting costs at HH will be very low once all production is drilled and brought into production.

If you have any cash very attractive to pick a bottom here with key news about to land.

UKOG will be producing for next 25 years. Today's price collapse is impacting producers like TLW, here it is all the future you are investing in. Large chance Russia / Saudi come to agreement by the time end of March comes along and promised output would start. If not and prices remain low, consider the huge cost advantages to UKOG compared to say HUR offshore. This will come good, bigly, and buying when there is blood in the streets has almost always worked for me. Limit long position here for me now.

paying for £70,000 worth of our 86% share of next 25 years oil flow at HH.

DYOR !!

Good post Starchild.

The Tullow as well as HUR comparison does indeed make the potential here appear cery attractive.

However offshore drilling is expensive. Debt can cause lots of share price volatility, as can less than expected drilling results. I think very soon here everyone will have (if they don't have it already) the enjoyable task of how to manage a huge profit on their investment. As TLW and HUR show, you do well to get your stake back, as well as let profitable investments run long term until something fundamental changes or you loose confidence in management. SP certainly tried patience here and improved his golf over the years, but all is forgiven as he approaches delivering on the main task of an offshore spud to confirm what we have.

Unlike much of AIM UKOG does not have a record of leaking news.

I don't read anything into the lack of movement as this has been the pattern over the years here pre news.

Today's update from Angus actually provides some potential very good news for UKOG, if it pans out there as reported.

ANGS well at Balcombe into just one of the Kimmeridge Micrite Layers has produced excellent short term oil flows, but also plenty of water. The market assumed after Brockhams unresolved water problems that this meant Balcombe was also similarly doomed, and now by implication so could HH2.

However today ANGS asserts that in fact laboratory studies of the water removed at Balcom,be have shown it is in fact very likely lost drilling water as recovered water matches that used in the drilling, and unlikely to be aquifer water as the recovered water does not resemble any known ground water ever recovered in the area. Now Angus hasn't been the most efficient wildcatter in the past, and investors there have learned to be cautious of news releases, but if in fact Balcombe has a good chance of producing even just say two hundred barrels per day from a single one of the Kimmeridge Micrite Layers, this is massively bullish for our medium term prospects.

Today's price action at ANGS also shows how quick sentiment can change, despite what is an even weaker fundamental starting point. To the many confetti claimers, ANGS is on course to do at leat 25x more deals today than the recent average volume of trades. Such a tidal wave of deals, with a 30% rise, has a way of washing away newly issued shares like your hand achieve in the reccomended 20 second srub with warm water on a little CV19 bug.

CFR:
the buy/sell data provided is udeless, just against indicated mid market.
Price unchanged strongly suggests buys = sells

Retracting the CT suggests tangible progress today at HH2 moving to well testing.

No doubt the usual suspects will be along shortly to tell us the CT rewind is only due to the breakage of the downhole tool, and we are doomed to failure.

Confident with my position here.