Member Info for Phil7390

From 900% up to a mere 15% in a year or so. What an absolute disaster of a share this has turned into.

Re the 20 years or 25 years:

"A planning consent for a period up to 25 years is being sought to allow sufficient time for the construction activity of
phase 1, the drilling activity of phase 2, twenty years of production within phase 3 followed by decommissioning and
the restoration of the Site in phases 4 and 5 respectively. "

HHDL-HH-PSER-V1 pg 9.

There is plenty in sections 4 & 5 of the Planning Statement to remind them of their obligations under:

Surrey Minerals Plan 2011 MC12
The Energy Act 2008 and 2011
The Energy Security Strategy 2012
The National Planning Policy Framework 2018
Overarching National Policy Statement for Energy (EN-1) (July 2011)

to

Secure our Oil Supply
Maximise our Indigenous Oil Supply
Maximise the Economic Benefits

UKOG have done their homework and present a clear argument for planning to be approved.

PS This is just Horse Hill.

Then:

Holmwood PEDL143, 40% UKOG, 91.8km2
Broadford Bridge PEDL234, 100% UKOG, 300km2
Markwells Wood PEDL126, 100% UKOG, 11.2km2
Arreton (IoW) PEDL331, 65% UKOG, 200km2

The next 5 years are going to be interesting!

errata

iteresy = interest
is is = is it

More of iteresy from the planning application.

7 Oil Storage Tanks x 1300 barrels each.

4 Gas to Power generators

Production from 6 wells for 20 years (is is 20 or 25, some inconsistency)

Two naturally-fractured limestone members within the Kimmeridge section, known as KL3 and KL4, flowed dry, 40 degrees API oil, at an aggregate stabilised natural flow rate of 1,365 barrels per day (BOPD) with no clear indication of depletion.

2 Portland wells with 350 bopd pumps
4 Kimmeridge wells with 1000 bopd pumps

Lots to read through yet.

25 years? It was 20 years before? That's a 25% increase in reserves if I'm not mistaken.

Rodders, yes I was pulling £550 per day as an IT contractor, and I know of people in the SAP field getting much more than that. The politics of envy get peoples knickers in a knot over what other people are making. My response has always been - if it's so easy you do it, what's stopping you?

SEADOC - that post was a little bitter and twisted, a little out of character? Wrong login?

Selling BCN for way under what was paid wasn't the most stellar decision. Trying to argue that "it wasn't those BCN shares, it was the ones we bought earlier" would give it a run for it's money.

Judging by the number of posts I'm not seeing tonight, I guess the deramping mob are not best pleased about the SS video? It's making reading the board a bit troublesome. Still, there is something strangely satisfying about viewing a board full of redacted drivel. GLA.

Nice to have confirmation of what is happening, even if it is just a rehash of what is already known.

HH is producing, will continue to do so until applied for production licences are granted, more wells to be drilled in the meanwhile with funds already available supplemented with income from production, exponential organic growth, several more wells planned, several more sites to develop, positive cashflow., all good. Yet it hasn't helped the SP recently.

Never mind, let's see if a corner has been turned. It would be nice if a positive RNS landed shortly with some impressive flow figures from KL4, but whatever the EWT results it's patently clear that there is a defined growth path for the company and the future is positive.

GLA.

The only media brainwashing going on is pre-Remain, the media bias is staggering. As for British superiority complex - I think it's more the other way around. Justifiably so. Jealousy is such an ugly thing.

No, let's have some actual evidence that he has done what he is being accused of. I don't need to evidence his "successes" as I haven't claimed anything. OP did, and without evidence it is, literally, unsubstantiated. And as such, drivel.

Unsubstantiated drivel.

Sageman, that may be plausible at the moment, but the SP was dropping when the oil price was rising previously.

Good summary jptop.

2 posts - I'd say welcome, but with that degree of pessimism it would be hypocritical.

moreondle, I took that as sarcasm, I do hope I'm correct!

https://audioboom.com/posts/7092829-stephen-sanderson-chief-executive-uk-oil-gas-plc-lon-ukog 10 mins in. Not "production", but selling oil than has come out of the ground with no intent to stop doing so. Production may be planned for 2020 but oil (and cash) will be flowing in the meanwhile. One of your shops may be selling under the counter, but selling nevertheless.