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Trollhunter in case anyone doesn't already know by the constant nonsensical ramping is just one of this posters usernames as they accidentally replied to themselves thinking they'd logged in under one of their other ramping accounts!
TrollHunter2
Today 16:44
Posts: 612
Price: 0.625
But they might not all be full of 100% oil.
The company will tell us soon.
5p-10p in no time when 1300+bopd flows are reported.
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TrollHunter2
Today 16:49
Posts: 612
Price: 0.625
I agree, they are all oil tankers.
Waste tankers specifically are yellow and orange.... these were all blue and silver BKP oilers.
Simples.
Ignore the trollies.
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I see from Alba's RNS today they aren't contributing the £261k to HHDL from the most recent cash call and expect a dilution of 0.1% of their holdings as a result.
They still support HH but will decide case by case on future cash calls as they're concentrating on the core mineral parts of their business.
Thanks Oakleak and Sting, for the pointer - my post was based on a quick look at today's RNS only. The bit I mentioned I had taken as meaning they couldn't produce at the forecast optimised rate, but it would seem that's only because they are yet to optimise the well which presumably will be done between EWT and full production.
A critical evaluation of the company I'm invested in is clearly not trolling, hopefully we can rise above childish remarks like that.
Put forward an alternative view into the flow rates disclosed as discussion will lead us all to be more enlightened. I might be wrong to be underwhelmed so happy to hear why the RNS was better than I thought.
I agree with shallwe, it's an underwhelming RNS as the Portland flow rates are significantly lower than hoped. There's not much new info here so I'm not as bullish about a big share price re-rate. Hopefully I'm wrong though, but I'm here for the long haul when the price should be well above current levels.
Indeed there are too many extreme ramper and derampers stifling good quality, reasoned posts.
There is plenty of reason to look forward to the future in UKOG without incessant copy and paste ramping or incoherent trolling, neither of which have any effect on the share price even on a microcap.
I suspect this will reduce once these posters have sold out, as I assume most are still under water hence their insecurity.
JayKay
Nice to have some balance on this bb - it can be easy to fool oneself in an echo chamber.
I broadly agree with your analysis however I think UKOG have 17.9MMboe not 12.3Mmboe since acquiring Solo's share of Arreton. Hopefully we'd get more than paid by DNO but it is a reminder of what can happen - ANGS look a nice opportunity to buy at discount just now for example.
Hopefully UKOG and ANGS can be left to create better shareholder value through their own plans.
CPR, depletion rate, drilling success and FOMO are all going to be instrumental in the returns we end up with. Although not without risk, we could be well rewarded for holding for 5 years + as there's a lot planned.
Hmmm, I get a lower figure:
2 tankers at 214 barrels each for 22 days approx at $60 = $570,000 - $22,000 tanker costs = $550,000.
UKOG used 214 barrels per tanker rather than 220 and mentioned somewhere $500 costs per tanker.
This goes to HHDL but will help reduce funds they require from UKOG for the planned drills and EWTs.
Longer term is definitely the view to take with alot of telling things to happen fingers crossed over the next 2 years.
Please explain how traders can make so much when the price is on a downward trend and market makers can't be making much due to the low volumes typically traded in UKOG?
I'm invested for the medium term at least, as the sp should be markedly higher in 3 years regardless of what it drops to in the short-term as UKOG is currently still over-valued depending how far into potential future revenue one is willing to value it.
The HH plans will reduce/eliminate the need for future external funding. Arreton x2 (4x the recoverable of HH Portland), Godley Bridge (largest undeveloped UK onshore gas accumulation and Kimmeridge 2x size of HH) , Broadford Bridge and somewhere in between those sites all being applied for this year and drilled in 2020 should grow revenues exponentially.
The biggest factor over bopd is what the depletion rates might be as the HH planning application of taken as a yardstick suggests rates decline rather quicker than ideally. This can a change of course as Wytch Farm did in spectacular style. That won't be repeated but any increase in bopd and term would be a happy bonus.