Member Info for Phil7390

Short but sweet.

Mr-P, is that the same government who are actively kicking Brexit down the road and intent on making sure it never happens? I'd prefer to believe we have a future here irrespective of the Brexit outcome.

Oil & Gas UK is an organisation promoting the interests of UK OFFSHORE Oil & Gas.

There is not a single reference to either UKOG, the Weald, or on-shore oil & gas production on their entire website. Correction: a search for on-shore returns one hit - "The North Sea Memorandum", which has a reference to on-short STORAGE facilities.

If you are expecting any mention at all of The Weald, UKOG, or on-shore oil & gas, then prepare to be massively disappointed.

Any links to this?

goespartners, 10 Oct 2018 https://tinyurl.com/y74k9kuy

"AVO’s beam technology is currently being worked on by the team at ADAM, a spin-off from renowned Swiss physics lab CERN, which includes some of the world leading physicists.

The firm recently announced that it had successfully integrated the four sections of its LIGHT proton accelerator, the proton source, the Radiofrequency Quadrupole (RFQ), four Side Coupled Drift Tube Linacs (SCDTLs), and two high-energy accelerating structures, the Coupled Cavity Linacs (CCLs), at the lab and had achieved an energy of 52 mega-electron volts (MeV), double the amount needed to treat superficial cancer tumours.

READ: Advanced Oncotherapy rockets as it improves performance of LIGHT cancer treatment system
However, the company isn’t stopping and is aiming to add 13 more CCL modules which would increase the energy level to 230MeV, the level required to treat deep-seated tumours.

goetzpartners expects the company to achieve this energy level in 2019, adding that they saw “limited” risks to the set up of the company’s LIGHT system for its first customer at a clinic in Harley Street, the renowned private medical district in London"

Nicolas Serandour, July 2018: (https://tinyurl.com/y8bad9rj)

"Discussions with potential customers are now multiplying and we expect them to accelerate as we are getting closer to the next phases of our journey. We look forward to having all our accelerating units manufactured to generate a beam at full energy by the middle of next year and start the installation of the system in Harley Street when the building is ready by mid next year.”

RNS 5671D 10 October 2018

"AVO will add 13 further Coupled Cavity Linacs ("CCL") to arrive at the final required energy level of 250 MeV, which we expected in H1/2019E."

RNS 4752D 10/10/18

"We look forward to having all our accelerating units manufactured to generate a beam at full energy by the middle of next year "

Not seeing anything to suggest 230MeV was expected by Q4 2018. End of H1 2019 is the published date for full energy generation. Can I ask where the end of 2018 came from?

A previous post suggested that news (230MeV) is not dues for a couple of months yet.

Ironic, do you know anything at all about UKOG, or is it just another share?

Do you know what AIM is for? It "may prove to be hazardous for unsophisticated investors who lack both the knowledge and resources to conduct proper inquiries into a firm’s prospects and activities" - Wikipedia.

UKOG has every chance of being taken out of AIM and onto the main market, a stated aim of Steve Sanderson. I'm confident that the published plans for growth and progression are realistic and that goal will be acheived. I'm happy to be along for the ride.

How anyone can expect business as usual when there has been a boardroom coup is totally beyond me.

Is that code for back handers?

It's fairly easy - those doing the bickering are mostly swing traders skipping from one to the other for a few percent profit. Inevitably when one is going up the other is going down.

I don't count myself as rich, far from it, but I work and pay taxes. I'd prefer it if 24.3% of my tax bill didn't go directly to "welfare" to fund the lifestyles of workshy swampies to be honest.

"Only" 20% goes to fund the NHS in comparison, and 5.5% to cover the interest on national debt.

To put this in perspective,
I work 2.43 hours of my working week to benefit claimants.
I work 2 hours to fund the NHS (let's ignore the 2 hours a week I spend trying to get doctors appointments)
I work just over a half hour to pay interest national debt.

That's best part of Monday morning gone paying for things the left had saddled us with. No wonder I hate Mondays.

A few rather dim lefty swamp dwellers outing themselves on this thread I see. Filtered!

I can remember all the speculation when that contract was awarded. How time flies.

and the easiest way to ignore them is to filter them, you don't see the same old same old they are spewing out.

Still valuing the company based on 1000 bopd, and inflating costs. Utter fool. A few added to the filter list, todays' RNS was stellar and I just can't stomach the constant negativity (or "realism") from them.

6 wells at HH plus other sites by the end of 2020. Next year.

http://www.ukogplc.com/pdfs/UKOG%202019-20%20Programme%20Gantt%20Chart%20180119.pdf

Pingu

You posted:

"It doesn't say that the 'over 2,000 bopd' will be in 2020 but is the boost resulting from the horizontal wells drilled in 2020 (which is all of them).

But I would still expect the 2021 figure to be less - my opinion."

You may not have directly said end of 2020, but the above infers it. You are full of it.

"Year 1: 3rd Quarter Having completed the modifications to the existing well site within Quarter 1, phase 2 drilling commences with the completion of the water reinjection well. This allows HH-1z and HH-2 to start producing, engaging the process and storage facilities along with the gas-to-power combustion generator sets; the first export of oil and electricity.
Year 1: 4th Quarter - HH-3 is drilled and starts producing.
Year 2: 1st Quarter - HH-4 is drilled and starts producing.
Year 2: 2nd Quarter - HH-5 is drilled and starts producing.
Year 2: 3rd Quarter - HH-6 is drilled and starts prod"

Pick your entry point. Each one will be at a higher price.

pingu

they quote 16 tankers. That's 3840 bopd. Where does it say "over 2000 bopd" at the end of 2020? Are you mixing stats to suit yourself? Production is ramping up throughout 2019 and 2020. Follow the link in the RNS, open up the Scoping Report, go to para 5.3, and read.

"During production (phase 3) the Site becomes fully operational and produced oil will be exported by way of 16 tanker collects per day for a period up to 20 years. This amounts to an average of 1 tanker collection every 45mins within standard operating hours; a flow rate which is not significant."

"Fully operational" means at the end of the drilling program when all the planned wells at HH will be in production - end of 2020. 16 tankers is 3840 bopd. It's all there if you bother to look.

Free, I did say that was Horse Hill alone. Yes, potentially we could be looking a 3 or 4 times that, maybe 16,000 bopd. Circa 80 cents per share per annum nett profit.

I don't see 100,000 bopd though!