Member Info for scallywag3

The oil storage plant comprises seven tanks, each with a capacity of 1300 barrels
Thats some size of tank, and will have to be constructed onsite. each with capacity for 6 tankers
6x7 storage for 42 tankers worth. with storage for 3 days gives an expectation of 14 tankers a day.
UKOG expecting 3,000 Barrels of oil a day.

Using the Keyword suspended in the last RNS. negative on the SP.
Work at Horsehill hasn NOT been suspended at all.
https://twitter.com/WealdOilers
The RNS is what information London will see, Not the pics here showing that work continues.

What a week that has been. Thanks to all those who have contributed video and pics of H.H. Glad to see the Fool back.
It has been confusing at times to say the least, pipes in, pipes out pipes delivered, pipes leaving. is everything ok or not ?
I haven't seen anyone give an analysis of all the works. So I'm going to have make something up myself.
It was a bit concerning to see pipes coming out and it being mentioned that we were on a third attempt with the slotted liner, However how does one get the horizontal slotted liner in place, going to have to use pipe to shove it in and along I suppose then pull the pipe back out. The latest video shows pipe going into the rack, it's not slotted liner, these have a kneck on the end, I assume the liner is in place and that is the production pipe ( looks clean hasn't been in the well.), could be in by Monday. Eagerly waiting for the next pics, although not sitting here, I've got work to do.
GLA.
Any other views ?

gla.

Notice the pump is on almost 8 cycles a day now. For months we had one tanker a day on 6 cycles. So every 3rd day we should have two. not counting mondays 2nd as that is Sundays tanker. LOL

£4M is nothing, on 22nd June 2017 SP was 1.17P during the next 4 weeks around 400M shares were traded daily and an SP rising to 8.4P How many shares are £4M at todays SP ? A days worth.

Have a suspicion, That someone, ( already building with 5 or 6 %) may already have a deal to aquire all of YA shares when converted. It's a nice way to get a huge part of Angus without raising the SP as they buy.

It's turning into a Flybe share. P.I's are going to be Sooooooooo ripped off.

Sold out the last of my Angus today. Look at the SP and the death sprial shares aren't even on the market yet.
If I was to think of coming back into this share, ( after I had myself checked out in a mental institution )
it wouldn't be until Easter next year, and that would only be thinking about it.
UKOG also got a YA loan, but they actually bought assets with the money
Angus are going to pour their loan cash into a couple of holes and dispose of assets.
So Iv'e transfered my angus into topping up my ukog.,
of course its a gamble but less of one keeping it in here.
Those of you left here Good luck.

https://electroverse.net/the-sun-has-been-spotless-for-224-days-in-2019/
I first read about this prediction a few years ago, the estimated time given then was 2021 and Now it looks a good possibility of happening.
We will be more reliable on Gas and oil than ever. What about the windmills producing you may add, just like fixed wing aircraft helicopter rotar blades ice up too. So will the windmills in the north sea, with no de-icing availible.
There will never be a better time to be invested in oil and gas.
Hope that slotted liner goes in succesfully this week. surely we will hear something by Friday.

Must have been a difficult decision jaffas, with YA still to off load £1M worth and that amount of shares is increasing daily with the decrease in SP. Wouldn't be surprised to see SP 0.5 before anything Angus can bring to the table to give any kind of hope. good luck.
Only hope would be a third party showing intrest. Even that may well be the fial curtain for the P.I.

I am assuming the letter is a Fake until I hear from Angus. I looked up the EA site and they state they don't recommend or reject planning applications.
Perhaps if it is from EA ,with some Green person over stepping their remit.
I have written to Angus again saying this is far to importand to wait for the end of the month for a reply and needs dealt with ASAP.

I'm talking about the letter being a Hoax . sent to WSCC. not that the story is.

Ridiculous : keeps dropping at this rate. YA will be able to take 51% control of the company for £1M

Lucans wife has lost over £20K so far, wonder if Lucans still getting the leg over or in the spare room.

The objection for the EA on planning doesn't make sense at all. Hoax maybe.
The EA have their own conditions that must be met and that is enough to prevent work commencing.
I have put the following to Angus on the question page.
" The EA have written to the WSCC with information detrimental to having the planning application approved. I suspect it may be fake.
Have you contacted EA regarding this ?
What do you plan to do about it ? "
Out of 3 previous questions put, they answered 2 and 1 in limbo.
I hope they would respond to this one.
My faith in Angus is so low, I'm grasping at straws hoping this is a hoax letter to SWCC.

Is it not the case that the vertical part of the well would have had its cement completion and tested before the horizontal section begun.

I stand corrected.
One saving grace is the following of how many can be sold.
· The Loan also includes a provision which prevents the Investors, or any of their affiliates, from holding any net short position with respect to UKOG's equity and, with full disclosure to UKOG, restricts the Investors' trades, on any given day, to no more than 15% of the number of UKOG shares traded that day.

Thorpedo , Can you explain where you get the max conversion price of 1.37p

Thorpedo. perhaps I have it wrong, I read it as, the conversion price is based on the SP over a given window of time from when the shares are aquired from the loan. and Not when the deal was Set.
So if the sp over a period of a week was 6p then YA would then obtain them at around 5.4p

8ollocks penquins,
1.35p is just a figment of your imagination.

The Loan attracts 0% interest and may, at the sole discretion of the Investors, be converted into new ordinary shares in the Company. The conversion price is the lower of either a share price of 130% of the Company's average VWAP prior to the Loan drawdown ('Fixed Conversion Price'), or 90% of the Company's lowest VWAP during the five days prior to the conversion date. The Loan is convertible by the Investors in tranches of not less than £150,000, with a limit of £3 million per quarter, unless otherwise agreed by the Company.

I'd think this will probably languish around this price for November, with a meteorotic climb in early December followed with a sawtooth climb into next year.
all in my opinion of course, which is why I topped up today.