RE: RNS. Not received well by...12 Dec 2018 14:02
There was no delay.If you'd listened carefully to PV he stated that work on Brockham should commence in two weeks providing contracts were agreed with service providers,but definitely before Christmas.So,he's kept to his word.Yes,UKOG have the oil and dor that,I'm glad but clearly you are forgetting that Balcombe flowed at 3000bopd even with slugging issues (albeit only a 7 day test.Obvs we need to wait on Brockham results.
The m/c of UKOG reached over £500m based on 1364 bopd from HH1,so I wouldn't consider Angs overvalued at all.The over-riding fact at the moment is that Angs have the all important production licence and if Brockham flows as most of us hope,then they will be earning revenue immediately.
I realise UKOG will get their production licence eventually but for the time being surely it's better for the Weald players if Brockham flows well enhancing the Kimmeridge story.