RE: Initial drilling costs, not drilling costs4 Apr 2021 12:04
Yes currently less production from HH but ......
1. Directors taken a 30%-50% cut in wages
2. Operating costs reduced to $13 a barrel
3. POO significantly increased and set to rise further once the world opens up.
4. Once water injection in place at HH, then no more disposal costs and possible increased production.
5. Money left from raise for Loxley??
6. Turkey speculation building nicely
7. Money being 'parked' in UKOG
IF there is another placing then that will be the bottom - Things are changing here, and PI's know it.