Member Info for Sting69

This is nothing unless we see a second rns on this then its just someone making on the spike etc
Lets see the YA shares get taken up
I expect an RNS this afternoon bringing in YA shares .
Interesting to see if its 75 k or maybe they may wait for higher level instead of diving out.

lets not get ahead of ourselves as we still need good flow rates from what we have

GLA

Goldplease
That old buy in chestnut.
You are scrapping the barrel.
Lets see what plays out here its not a magic bullet we still need to get flows going etc
As for buying Options I will put it to you like this.

I buy these shares for capital gains not for the dividend as that could be never or a long way off.
If I was offered shares at say .2 p to be taken over the next 3 years would I plough my hard earned money in and buy now.
of course not .I would back myself to have the money to purchase them in 3 years time
I would use the money |I have now to pay off the mortgage, schools fees ,holidays ,new cars all nice things
if there is no dividend and only capital gain it will be there for .2 p in 3 years how ever well the shares do.

it doesn't mean lack of incentive I know a lot of people who get large dividends, bonus etc they are not more motivated they are usually the self motivated people that put them selves in that position in the first place

this is SS little project .He's worked all over the place for other people and this is his opportunity to do something in his older life to see him secure for old age .
ironically someone was on about a shrink the other day and i don't think the shrink was far from wrong.

If you run a company ,go to work at 1/2 in the morning live and breathe what you do then you'll know

GLA

lonely
seriously you are a saint aren't you !!!!!

Mmmmmmm
At least we can breathe a little instead of the usual vitriol on here.
Did all the .2p shares get swallowed up if so I would expect us to rerate back to the placing previously at .35 a share I think it was.
lets see .
Not getting over excited its swallowing up shares dropped into the market and the .2p was the free ride in offered I would guess.
Their part of the bargain now is to take up the slack of YA at .35 while the company SP holds for them to make a fist of getting the oil flowing and future RBL .

Still think the Kimmeridge hasn't just disappeared and we are waiting for FDP approval to commingle (outside of the well) totals for our vertical
News on that progress due to fall and news on the horizontal at least early flows cant be far away.

Ukog temporarily united and hope comes good for Ash and a few other who cant average down to meet any rises.

Joey
Hope you can still get your old job back of Skwizz he's kept you uniform and laptop etc

GLA

Still pretty amazing how far the company has come .
When you see a waggon pull up on a nondescript patch of land in Surrey and hey presto it leaves full of Oil an hour later.
lets hope for more and some proper news

GLA

Lonely shooter
The name says it all .
I started a thread "while all Cordial" yesterday and there was not a bad word said all day by any one
Then at 20:46 you gobbed off and the thread was ended
You really are a piece of stuff arent you

Gla

Lonely
Cordial was the thread

I'm not trying to get everyone excited and appreciate us all talking things through today.
But this line on Kimmeridge is telling
i know its about flow but where did the Kims go!!!!!!!!!!!!

Simultaneous pressure data recorded in overlying KL4 is indicative that KL3 and KL4 are one single connected oil pool with an implied minimum vertical extent of 358 ft.

The short answer is they are still there.imho

GLA

Ibug
Thanks for your comments and perhaps I would bow to your experience if some one backs it up and says you have some!!!
I get where you are coming from but I remember that the KL4 and Kl3 were already concluded as one reservoir.
Why would they want to commingle the same reservoir?????
I am also unsure why you bring API into it as the Portland is 36 and the Kimmeridge 41 which basically they are both classified as light crude as above 31API

Any way it lead me to go back and look at the RNS's which is always a good thing to do.
I admit I did give myself a little pat on the back as I found what I needed and also got a reboot on my understanding of the fundamentals here
The below is an excerpt from the RNS of 10 October 2018

"KL3 EWT flow sequence commenced ahead of planned KL4 test.
· KL3 flowed 40-41° API continuously and naturally to surface (i.e. without any pump) over a 50 hour initial planned oil flow period. Oil flow initiated instantaneously with minimal pressure "draw-down". First planned 24-hour shut-in and pressure build-up test ("PBU") now underway.
· Sustained continuous oil rates of between 563 and 771 barrels of oil per day ("bopd") on 36/64 and 38/64 inch choke, respectively, recorded over last 24 hours through test separator. Gas rates up to 186,000 cu ft per day measured through enclosed flare. Flow sustained at constant stable bottom hole pressure.
· Recorded sustained rates significantly exceed the 464 bopd over a short 7.5-hour total flow period reported in 2016.
· Initial well productivity index of between 1.4 to 2.5 bpd/psi is around twice that seen in 2016 KL3 test.
· To date four tankers of KL3 crude have been exported to Fawley refinery.
· Zero formation water produced. Metered associated water rates of 52 barrels per day ("bpd") decreasing to 14 bpd (i.e. 9% decreasing to 2%) in the past 24 hours. Produced water consists wholly of returned heavy completion brine. Well continues to "clean-up" with decreasing water content.
· Simultaneous pressure data recorded in overlying KL4 is indicative that KL3 and KL4 are one single connected oil pool with an implied minimum vertical extent of 358 ft.
· Further updates to be provided in due course following completion of the ongoing PBU test, further well clean-up, flow stabilisation, downhole oil sampling and further pressure build up tests.
· The KL4, which flowed at a reported rate of 901 bopd over a 4-hour period in 2016, will be flow tested after completion of the current KL3 EWT."

Now I know it all went boobs up for Angus and at the same time we went quite here on the Kimmeridge. Angus had water but above we are all dry
the figures above even if carved up by my new besty Penguins are pretty tasty.

MMMMMmmmmm let me think .I'm sorry I have to say Ukg united and will wait for the RNs' to come.
Something just something

Gla

Pmsl
not really looking at the times but I hadn't got to the top of the post board
That's my excuse and I'm sticking with it.
Lol

posts crossed
lol

Mirasol
Penny drops then.
Maybe this is why we haven't commingled the flows of Portland and Kimmeridge maybe as cant be declared testing and production while waiting for FDP.
Just surmising
it also nails on the fact the 300 BPD is from the Portland horizontal.

Penguin
Interesting post as usual.
Didn't realise you were invested and I am sure it will surprise a few others to .
I think your past posts may require viewing in a different light , even when felt to be negative they are more informative than a well know poster on here bellyaching on about share dilution.
Thank you again.

I need to move my Courgettes into the ground .Had them in large pots last few years but got black fly.
Not sure why just on the courgettes .

GLA

Skwizz
Touche

Grayling
it was stated by one of the BOD obviously in an RNS.
Presume you read the rns's thoroughly
I don't understand it perhaps you can tell me why all of these masses of shares people keep complaining about continue to be soaked up??

Penguin
Some good points relayed in your post.
It is a conundrum so to speak as to why they will not give more information of the flows even whether the 300 was from Portland or the Kimmeridge!!!!!
Its what is needed to balance the market but they just seem not to want to release information.
I obviously hope its not malicious in any way but just don't get it.

Not surprised we dip and rise as remainder of .2 loan shares go through
No one else would be selling this low unless bailing out and I just think people wont bail at these prices with potential news on the horizon however far that is away.
It will be interesting to see when YA next drop ,I would think after a small rise following removal of latest placement shares
Perhaps waiting for the same news as we are.

What is remarkable and as was recently stated this is a remarkable share and somewhere the shares that come ot market get hoovered up buy people.
Any thoughts as to why that should be the case apart from the obvious barbed comments about averaging down.

GLA

Skwizz
Your a trader simple as
Your post just reconfirmed what I said and yes people are sick of listening to it.
I was new to Oil and learnt fast going over to UJO to trade until it got stuck from 20k to 48 k
I'm learning fast and realise you in particular are just looking for catalysts ,events etc
if you can force one yourself you will or prod and poke others to do so you will
The job is done and hence why you loaded up
Your previous money was stuck and you were not particularly bothered as it was a free ride or secretly you think it will come good but cant say that as it does not suite your trading style and next move a cheap buy in now and spike

Transparent is the word
No I wont filter you I do not filter people I endure

GLA

I think you are been to generous
You didn't need to be Sherlock Holmes to realise funds were needed and will be needed.
To be truthfull I think BWM does take some pleasure and that can be detected I the tone of his posts

Otherwise why would he post here?
Answers on a postcard please

Skwizz

To be honest you are starting to get a bit boring as well
While you hold all you really are is a trader
You seemed yo soften your opinion once the price was right hence k know you know ther is value here
If you are backing BMW it will only be because you fancy a few more at a lower rate before commingled ,hhz2 news

Dont preach to me please

Skwizz
Do you think I listen to rampers
Any one who bought in here for thec10p dream needed their heads looking at based on the fundamentals at the time
Look now and the company apart from shares in issuecis in a much stronger position
Hence low SP but lots of room for improvement much more than 3 years ago

Thankyou for thinking of me