Member Info for Stocktaker01

I bet you're a right laugh on a night out

It's not gone down, it has remained surprisingly flat though. The news of planning and now commencement of the drilling campaign is great news. And yes it is the selling by YA that's keeping it down but that will only be the case for so long. Buyers are just as happy to mop up the share as YA are to sell them at around the 1.25p mark.

in term of sale of EWT oil no difference to value per barrel. Argus is probably referring to the expected step change in oil volume/ therefore revenue. An updated CPR for the Portland is expected following HH2 and finally one for the kimmeridge should also follow HH1z. These should go in UKOGs favour and have a positive impact on the SP. Declaration of a commercial kimmeridge find will be big for UKOG.

that's the 5th time you've posted this? what is yr obsession here?

Nothings gone "wrong" exciting times for UKOG. YA have just converted and they are selling into what was significant share movement this morning. That has stalled us. YA can only covert 3m this quarter so as the drilling progresses and testing starts I expect the volumes will be sufficient to absorb these sells and an upward trend to be established AIMHO.

I dont agree it’s not YA. They don’t convert shares to keep hold they convert to sell. The volumes you sell will be governed by the overall traded volumes.

It’s important to understand that these loan companies are exactly that. Not investors. They loan, they convert, receive shares, and sell for nailed on profit. Then selling means nothing to the prospects here.

doesn't warrant a RNS. you'll get a tweet from UKOG official is my guess.

Rig is there just down don’t believe it. Some big sells by YA (likely) this morning. Still blue. Ya will take a breather and this will move up steadily through the drilling campaign imo.

From here for now. Fired into UKOG for imminent arrival of RIG for drilling campaign. I'll def be back here if some kind of funding agreement can be reached. GLA. Lost a sizable sum of money here but what doesn't kill you and all

The government obviously did not like the scale of what SXX was asking. This does not mean they will not provide any support. Personally I'd be surprised if the government was not involved to take this forward. I am not a fan of politicians but to waffle on about a "northern powerhouse" and then sit back and let the North's flagship project go to the wall would be a little too transparent in showing what a load of snakes inhabit Westminster IMO.

I don't think there's any dispute here ibug except dsfat incorrectly stating UKOG have a production licence (I think I stated this yesterday as well in fairness) . What UKOG have is planning consent which for me was the real hurdle. The OGA should not have any problem with issuing a production licence with how UKOG have gone about business and executed EWT IMO. Not sure what will happen with ALBA, they're obviously short on funds but on the same token seem keen to keep hold of their share otherwise they would have gone already. No doubts UKOG have already tired to free them of their burden but perhaps ALBA were asking to much so UKOG decided to go for the big gun tellurian stake. I'm sure SS would like to have ALBA's share but not at any cost- he's sitting pretty with 85%

Idespair yes that would be about correct with the number of share in issue at the time. Still that's about 5.5p on todays shares in play...on what ? hype? anticipation at BB. We now have the black stuff and a 25yr production licence. thel'll be more caution this time but if big numbers flow and then backed up by CPRs 12p would be possible within 8-12 months IMO.

Anything’s possible given what happened during the BB campaign. What do we envisage a 15m barrels of oil for Portland at HH CPR do for the MCAP? Plus perhaps same again for kimmeridge

I don’t see this one going to the wall and believe a takeover / JV is likely. Most invested here are significantly Down and i for one will be waiting it out.

Agree. All about financing. If it can’t be got it’s doomed. If it is we’ll rebound. By all means hold but I won’t be putting anymore in until the situation is sorted.

Not sure he gives a toss about the share price as his options are at fixed cost. However I would agree he’s purposely dragged his feet and downplayed the numbers at horse hill in order to accumulate as larger share he has. Time will tell but consider this. The numbers being quoted back in 2016 for the same well far exceeded those being stated today albeit for much shorter periods. Over a 7.5 hour period back in 2016 the kim flowed an average of 838 bopd with a max instantaneous flow of over 1000 bopd through a 1” choke. Consider now the degree of choking to reduce this to 300bopd. Go figure.

Tanker movement is restricted to half day Saturday and not on Sunday but production is not.

Standing up well to magdellan sells IMO. soon be out of their 275m shares and with rig arrival we’ll see good upward movement .IMO

Isred. Your either young or a pedantic cxxx