Member Info for Phil7390

Yes, expected when they set it up last night. They are p1ssing into the wind at this point though.

"362 barrels of oil per day ("bopd")* when full scale long-term production commences" "robustly commercial"

What does the market want?

They can't make up thing when nothing visible is happening (unlike derampers), don't fall for these subtle deramps in the [very temporary] lull.

This is not BB, this is HH. This has flowed already, Portland flows have increased, they have barely started with the Kimm yet, it could be the end of the week or even later before actual flows are measured and reported.

"Everybody best guessing here as per usual..." - hypocrit then.

https://tinyurl.com/y7peq6r2

Solo’s non-executive chairman, Alastair Ferguson, said: ‘This transaction is in line with our investment strategy and provides evidence of our now proven ability to monetise assets within our portfolio and generate value for shareholders. The transaction enables Solo to retain significant exposure to the Horse Hill project as it undergoes the pivotal testing activities, the results of which have been very positive to date.’

Stephen Sanderson, UKOG’s chief executive, added: ‘This further strategic acquisition firmly cements UKOG as the dominant player in the Horse Hill Portland and Kimmeridge oil discoveries and Licences. UKOG’s three recent HHDL acquisitions provide a valuable controlling interest and exemplify the rationale behind our recent change of AIM status to an operating company. With the positive Portland test results to date, UKOG, supported by its remaining three coventurers, can now steer the way towards permanent HH oil production in 2019.’

Striking rich: UK Oil & Gas has strengthened its position, pushing its shares up 15.8% to 2.3p over the week.

The Horse Hill oil project, otherwise known as the 'Gatwick Gusher' was also in the headlines again this week, with UK Oil & Gas strengthening its position over the controversial projects, pushing its shares up 15.8 per cent to 2.3p over the week.

Yesterday, UKOG agreed to purchase fellow oil minnow Solo Oil’s 15 per cent stake in the project for £4.5m, taking its total stake in the discovery to about 46 per cent.

Solo won’t be completely out of the game though, as it used the funds from the sale to simultaneously purchase 234m shares in UKOG.

NNEDMONEYNOW/GREGORIO - that was ironic, no? I mean, really? 96hr test done, mega flow rate recorded, moving on now to Kimm which doesn't need a pump. How are we going to know if its flowing if no pump activity? Tankers galore. You have a very limited window of a few days to deramp that the Kimm isn't flowing before the tanks are full and the tankers start rolling, but honestly, don't expect anyone to listen. Besides which the flare stack should indicate as soon as Kimm starts gushing. Have a nice weekend all, pleasant dreams.

you missed off

Lenigas
Twitter
incompetent BOD
poor communications
paying their inflated salaries

and the classic

I'm a LTH but ...

Not really. I'm happy to see tankers obviously, but I don't break out in a sweat if there are none for a few days. It's a 150 day EWT and there will be periods when no oil is being pumped.

Less of the "Little Englanders" please, 1 of 195, it's a big old world outside the EU.

We?

They are organising the protest already, so I guess they don't expect it to go their way!

I was hoping for a red day today - bear with me - so the shorters and spread betters would get cocky just before SS drops a late Friday afternoon RNS and completely messes up their weekends!

and anyone with any sense filtered him long since!

They decide the SP. Simples. They do so for their own benefit, not the benefit of investors.

Made up number, what justification? Funded to end 2019, ie to production, and already generating revenue, so what basis for the increased number of shares?

268 filtered, idiot.

traderjack, how 4.5m poorer? No cash paid. Shares issued.

? That's what I said?