Member Info for Phil7390

Does anyone else deliberately not filter Cash because it's amusing to see just how stupid some people are, or is it just me?

Deans, no you are not, except that there are some very concerned shorters/spread betters out there who are hanging on anything they possibly can to try to limit their losses. Yes, we have a bigger slice of the cake. No, it's not dilution, it's expansion.

Sold out? They have shares, they are still in. Strike 2.

jung, you are bordering on being filtered, your posts are increasingly stupid. How is it a massive dilution when we now own more of the asset? I personally have a slightly smaller share of a larger asset, and one which is rapidly increasing in value. As far as I'm concerned UKOG just found some money down the back of a sofa I didn't know I had and invested it for me. Result.

Also HH will be much easier to sell to a major with fewer fingers in the pie. I'm happy with that.

With asll due respect, I though Toyota was backing away from Hydrogen. Didn't they tell dealers to stop selling them a while back?

https://www.hybridcars.com/toyota-tells-dealers-to-stop-selling-mirai-fcv-due-to-lack-of-refueling-stations/

Secker has always has a much too casual approach for me, he seems to talk the talk but so far has been unable to walk the walk. I won't give up on Bacanora despite his lack of achievement to date though, the lithium story at Sonora is too important.

Yes, I believe they have said they are going back to BB. Corporate update 13 Jul:

"UKOG was awarded an extension of the licence term at its 100% owned PEDL234 from 30 June 2018 until 31 December 2023. The Licence has been converted into the 14th Licence Round Master Clauses Agreement which permits a Retention Area ("RA") covering the entirety of the 300km2 licence area to be created.

UKOG intends to progress leases and regulatory approvals for two further well sites and exploration wells in the north of PEDL234 and potentially for a BB-1y sidetrack. An application was made recently to the West Sussex County Council to extend the existing planning consent on the BB-1 site for a further 18 months to the end of 2019."

Thank you Cardinal.

Portland will be declared commercial in its own right. Kimm will be declared separately, and that is when the SP could seriously re-rate as so far that has not been priced in IMO.

All that is in question then is what is your perception of reality. For me that changes with every tanker that leaves, every bigger pump installed, every increase in stroke rate (oo-er), every RNS declaring flow rates, every new level of the Weald tested, and the big one, every declaration of commerciality. That's a lot of potential for changes of perception of what the reality of the Weald actually is. And plenty of reasons why more people will be convinced, plenty of reasons why more people will want to invest, and plenty of reasons why the SP will continue to rise. In increments sure, but some of those will be big.

Some folk need to get over themselves re DL, unless of course he's being used as a [very poor at this point] deramping ploy.

It's why we're here at the end of the day. Top slicing to cover your investment is never a bad thing, and letting the rest run knowing it's all profit is cool.

Flow rates 2-3 times what is believed to be priced in currently ought to give the SP a boost, but this is obviously speculation upon speculation and therefore worthless.

Depends on a lot of things, for example the stroke capacity of the bigger pump.

I counted it at 2 strokes/min a couple of days ago. Something must be filling up!

While that would be nice, it isn't going to happen until we get confirmation of commerciality in an RNS. That could be DAYS away! :)

It was nice being briefly in profit! Nice teaser for what is coming. Commercial declaration will justify the 10k I topped up this morning.

Sure, wait for 100% confirmation, you'll make a killing that way! Nice to know though that there are people out there ready to help push the SP up.

Just like to leave this here

"Just like other onshore basins in the South of England that are currently in production and have been for some time, I can see a small operation producing a few hundreds of barrels per day and that was not worth 3p a share. I think the fact that the price has now more than halved maybe shows that I did know what I was talking about, maybe Fund Managers should listen to me rather than believing tweets"

Yep, OK Tom, that aged well.

Just seen a video update on the pump, running about 2 strokes/min now. Given it's a bigger pump that's about a gazillion bopd. Actually we have no idea on bopd but it's a bigger pump so you'd have thought it was pumping more oil per stroke.