Member Info for Redheadedrager

Or Nomlongu

It could mean that there’s a shed load of of in that particular layer of the Portland (when compared to others) and if we tap into that exclusively for the horizontal it could flow like the Amazon river - hence the term optimised for production. . .

But you have your opinion. I have mine and practically 3 million little friends backing me up ;-)

Cheers

Red

Deferred cash payment of £4m (£3m due Dec 31st)

1000 bopd from HH-2z
200 bopd from HH-1

Gives rough net income to UKOG of about £1.3m pcm

$/£ of 1.2
Lift cost about $17/barrel
POO Brent of about $65/barrel

So assuming that we produce in Nov and Dec then that’s £2.6m by the end of the year.

So maybe another dippy in the YA kitty for the £3m due but then free and clear.

Happy to have my calcs challenged

Cheers

Red

Erm - sorry.

That’ll be Seadoc your calcs are wrong . . Oops

Cheers

Red

Season - your calf’s are wrong.

If the remainder of the YA loan was paid to date at today’s conversion rate then there would be approx 7.14bn shares in issue in total.

The £4m outstanding to Tellurian in deferred payments can be made in cash and by that point UKOG should be generating A LOT of cash.

You’re back off filter but now I’m reminded why I filters you in the first place . . .

Cheers

Red

Now we’re getting to the interesting part . . . Happy to hear any and all contrarian, nay-saying, doom-mongering, swampie, flat-earth, deramping views :-)

Cheers

Red

Thanks, yes you are right. I do concentrate on my current investments too. I’m watching UJO and may invest invest in the future but not at the moment. Too much uncertainty, too many dark dealings and too much hype.

Cheers

Red

Fairview - fair question. I’m just asking questions and trying to provoke debate.

I don’t doubt that UJO has some prospects but they’re a long way off and I think that a lot of people are being played by some very malicious types for their own personal gain.

In fact I may be too late TBH. Actually I probably am. This peaked at what .38p - doubt it’ll get back there in the next 3-5 years.

It’s headed south on a daily direct route since that point. It’ll hit the buffers at .1p in my opinion because that’s what it’s worth based on a discounted NPV of future revenues as of today.

If you think that my questions and provocations cause the SP to drop materially then wow, just wow. I can control the world!!!!!

Cheers

Red

Heid. So, that’s not a ‘No’ is it?

Honestly this is a boiler room / hot house stock.

SP pumped by the likes of TW / BMD / COIL and the CEO on Twitter. Loads of ramping on here along the lines of great news around the corner, but in reality there’s a delayed (canned?) EWT with no clear indication of when it will recommence, the operator is going to market to recapitalise (worrying?) on a deal that’s being pumped by the villain BMD.

Now being systematically dumped. Look at the volumes. COIL and other large stakeholders are dropping this stock like a sack of unmentionable stuff.

Honestly people, look at the facts. Look at what UJO is generating in revenues, look at what proven recoverable net reserves it has in place and think.

Why are major shareholders dumping this stock?

Hmmm . . .

Cheers

Red

Heid - the language ‘I’m here until next year’ and ‘I’m very comfortable with my holding’ is very similar to the language used with other AIM Oiler’s that you have significantly invested in previously, which you haven sold out once you have hit your exit point. The thing is it’s not exactly clear when youre selling out is it? All these reassuring messages of long term commitment and then oh, yes, I’ve sold out.

Are you fluffing the punters to get out with your profit? I think that you are, personally.

Cheers

Red

Heid - you see major shareholders SELLING OUT as GOOD NEWS?

Really?

Oh my days.

Cheers

Red

Thanks SecretBlueprint

But I was after that calculation for proven assets. Not the estimates of what could be in place.

Many thanks

Red

Oiler87

Excellent responses all. Thank you :-)

So of those reserves, what % are recoverable over what timeframe?

What % are directly attributable (net) to UJO?

What value do you attribute to a barrel of recoverable reserves?

Therefore, what do you value UJO at based upon the known facts?

Again, just asking for a reasoned argument.

Cheers

Red

You have to ask why?

What price did he accumulate at?

What price is UJO at now?

What PROVEN assets underpin the MCAP?

What revenues underpin the MCAP?

Which way is cash flowing and at what rate?

All of these questions will be shouted down and I’ll be accused of de-ramping.

Unless you can answer these clearly then you’re investing in hype and b/s.

This SP will drop a further 50% before the end of the month.

Watch.

Cheers

Red

Pump and dump

Cheers

Red

Ben1093w1

Cash flow from approx 220 bopd at $65/barrel.

Debt already discussed. Not massive at all when compared to others in the market place.

There is a CPR in place (Xodus).

Portland oil pool estimated at 11-14m stoip visible to HH-1 alone.

Agreed, yes, drilling in progress. Anyone got an estimate of Chance of Success. I’ll go with 97.5% of successful drill at HH-2/2z.

That’s quite exciting really.

Yes we’re down on consecutive days but the market FTSE was off almost 3% across the index today.

Other AIM oilers are being battered too, irrespective of their situation. There are a few exceptions agreed but overall UKOg is faring OK against the headwinds. . .

Cheers

Red

@GKP47

Are you invested in UKOG or UJO or both?

Personally I am invested in UKOG. UJO not. I’ll leave at that.

Cheers

Red

@gkb47
Does it really matter? SS hasn’t previously taken up his options anyway. If he does then that’s a good thing isn’t it? But by all means go ahead and give yourself an aneurism over it if you wish. If there was no option structure in place people would question that wouldn’t they. Why price it (the option) above the actual market price on close of previous working day (typically options are priced below the closing SP on a given day - mine are)?
Like I said. Chill. All will be good.
Cheers
Red

Most Oiler’s are down.
The options thing is just a roll over of the expired options.
We’ve spudded HH-2/2z. Wait for updates on progress.
It’s most likely to be successful. The question will be how successful. . .
Yes, the steady decline in SP is extremely frustrating.
Extremely frustrating.
But, investing is not a guaranteed outcome and SP do not rise in a linear manner.
So, please can we all drop a chill pill and sit back and wait for the RNS updates on drilling progress.
Cheers
Red

@penguins

The thing is your writing style, level of research and overall agenda are entirely consistent with Ruth Hayhurst of Drill or Drop.

You are Ruth Hayhurst. It is that simple. You are not a concerned share holder. If you were and did have the level of concern displayed through your voluminous post on this BB then you’d be at the AGM and doorstopping Stephen Sanderson.

Am I the only person to notice the correlation between ‘Penguins’ posts on here dropping off prior to a D&D article being produced?

No need for a response Penguins / Ruth Hayhurst.

I think that your reportage is good but biased.

Cheers

Red

Qwerty59

Do I like answering rhetorical questions?

Cheers

Red