Member Info for Phil7390

I's seriously suggest people follow the links to the forward plan in the RNS. They clearly show a seamless progression from well to well culminating, AT HORSE HILL ALONE, in 3840 bopd by end Q4 2020.

Massive.

Free - that would require a £2 per share investment to return 20p as 10%, obviously. This doesn't factor in depletion rates of course.

The peak production planned for late 2020, from Horse Hill alone, according to the plans is 16 tankers = 3840 bopd. 1.4m barrels in 2021. At $40 gross profit per barrel that means the company ramping up to $56m gross profit expected in 2021. Assuming net profit is just 1/5 of that, we are looking at a return of 20p per share in 2021 alone.

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

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

This is just Horse Hill. Pretty solid company growth ahead.

well well well well well well well well well actually!

KL3/KL4 mentioned. Flow rate given. It's all there in black and white.

Not us, but it's exposure for proton therapy. AVO could do worse than piggyback on the exposure for some positive PR.

Another ticked box, getting ready for sales. Pretty happy that this is a safe investment now.

afrc - progress is not far overdue.

"The sub-structural work continues to advance, and we continue on schedule to create central London's first compact proton therapy centre with site work expected to conclude by the first half of next year to enable first patient treatment by the second half of 2020."

Seems to be progressing to plan. Patience required.

Thanks Wasred. Nice to know there are others lifting their gaze!

Just swing traders flipping. They'll be back. Hard to get rid of fleas.

That applies in a free market. Unfortunately this is AIM.

Except that the new shares came with new assets. Smaller slices of a larger pie. It's only dilution if shares are issued with no material worth for the shareholders, for example when it's attached to debt. But buying a larger percentage of I think we will all agree is a potential cash cow? I'd call that investment not dilution.

From 1 well in a EWT, not 6 wells in production at HH with BBand IOW to follow.

BTW, is a greasy spot larger than a thimbleful?

Considering where the SP was when Babis put the boot and if it were not for the uncertainty we could arguably have been over £1 by now with the progress made on the FS since then. Would I choose to give away half of the that difference to settle for 60-70p? Not sure, but it would be worth consideration.

Many many requests for an update, we get one, it's good, but obviously gets used as deramp fodder. Predictable.

Ignore and hold.

and why the submitted planning application is for 2 portland and 4 kimm wells.

A solid 350 bopd from the Kimm plus 300bopd from the Portland plus flow from HH1-Z sidetrack to come. Remember the submitted plans are to increase to 6 production wells.

Any calculations of value based on choked back testing flow rates from a single bore hole have to be viewed as severely pessimistic, deluded or just disingenuous. We have clear demonstrated evidence now that 300bopd plus can be attained from any of three levels.

It isn't unreasonable to project that the 2 planned Portland wells can produce at least 600bopd between them, and the four Kimmeridge wells twice that, so potential 1800 bopd plus by the end of next year, day in, day out.

That's before we take other licence areas into account. Huge upside from here, and with good steady management and growth value will out in good time.

"Too many shares". Says someone who owns maybe 5? I count mine in millions - the important thing is the percentage of how big a pie. The number of shares, in isolation, is meaningless.

So 420 days for EWT testing, including drilling of a sidetrack and HH-2 borehole.