Member Info for Phil7390

Priced in? Any chance of a definitive list of other factors that are priced in at this point? Just so we know. Kimm flow rate? Combined flow rate of Portland and Kim? Flow rates from the next 4 wells after that? Total flow rate of all the Horse Hill wells by end of 2020? Just to help managed expectations you understand, we all "know" all these things are in the pipeline, so the staggering rerate of all these known event must already be priced in. I have to say I was expecting more than the current SP to be honest.

Clutching at straws as in trying to suggest that someone would go to the trouble of getting video of an entirely unrelated rig at an unrelated site and trying to pass it off as our (expected) rig, arriving at our site (when expected) at a time likely to wrong foot swampies.

Dean, clutching at straws

very slow. I filtered Bobrad ages ago.

Once off AIM, yes, we will. If you hold long enough.

If the Kimm flows 2-3 times what the Portland has been then there's your EBITDA to support 3-4p all day long. Flowing from the HH-2z at the same time in 750-1000 bopd range - the target - and 3-4p looks cheap. 4 more wells drilled by end of next year and 3500 bopd and over 10x current revenue. If you insist on valuing the company based on current revenue you should be happy. However, that is not how oil companies are valued, and once CPR establishes the assets, game on.

If the rig arrives maybe 2p ish, possibly spiking a little higher. Hard to tell what is going to convince the market that UKOG is genuinely on the brink of production. Some wags I'm sure will say "oil" but we have that, how much do they need to see!

someone had to say it!

"I don't think the company is worth that much at the moment with the amount of shares that we have".

Once a CPR is issued the company will be valued based on oil in place, and SP will follow MCap rather than the other way around. The number of shares in issue is almost irrelevant.

All the above is valuation based on Horse Hill alone. While this is an improvement on the seagull single wellhead valuation, it does not factor in the multi site potential of UKOGs asset base. Target production rates for the six wells at HH is 750-1000 bopd per well. AFter HH there are 5 further sites detailed for appraisal; Arreton Main, Godley Bridge, Broadford Bridge, Arretion SOuth and "PEDL234 KL new site". Next couple of years should see the SP rise significantly as production ramps up.

Similarly Argus, there is always the claim that good news has already been factored in to the SP, but never bad news .

30. Not trying hard enough. Boom, this is going to rocket, get your golden tickets, you don't want to be out of this for the weekend, 10 bagger by Christmas, should I get a Lamborghini or a Ferrari, paying off the mortgage. Top 20 here I come!

Wouldn't closing shorts be buying stocks that the sold earlier before they bought them.? Or is there another definition of shorting I am not aware of?

Another mask slipped, and into the bin.

Skwizz, you claimed repeatedly to sell on 5% up, but on 5% down - or similar. You then claimed to have held from 3.2 to 10 during the spike. Sorry, but these claims are not consistent. I'm not critical of the strategy, but dubious if you really follow it as you say. If I would have any criticism of that strategy it is that it is a purely trading strategy that would lock anybody out of any significant consistent gains, like the 2017 spike.

Been here since 2015, it's been a long ride!

nibble, where u been for the last 12 months? In a coma?

jd - like the one released at 12:36?

wasred, on the subject or learning, could yo try to post your replies in thread rather than starting a new one every time?

"The ability to produce over the field's economic lifespan also enables the transfer of current and future assigned recoverable resource volumes into the category of Reserves, which, by definition, conveys with more certainty that a known volume of petroleum can be produced commercially over a given time."

So seatrout, Mcap will be determined by assets henceforth, not current production.