Member Info for Stocktaker01

Move from London to Leeds

not great to be going below placing price. need a positive update!

placing now? two reasons. 1. mates rates/ these financing companies only borrow if they can get at rock bottom. 2. BOD covering there arses and ensuring continued lining of their pockets even if they fail to deliver.

Yeah ok gmed, E_AL. Russell70 it was a sell. Ps do you mind letting the board know who your broker is as we’d all love to sell above the mid when we offload?

Spread “was” 4.00 to 4.15 so we can all agree it was a buy. Good

Still around then

Someone’s loading up. Here’s hoping whoever it is has an inside track even though that would be illegal and of course rarely happens.

from RNS 23 jan.

PEDL137 Horse Hill Oil Field (UKOG 46.735%)

· The Company's primary 2019 operational goal will be to deliver continuous oil production from Horse Hill via continued extended well testing ("EWT") of Horse Hill-1 ("HH-1") and by the drilling and production testing of two horizontal wells, HH-1z and HH-2, both planned to start in spring 2019. Planning consent and environmental permits are in place and UKOG is fully funded for both wells.

· The first new horizontal well, HH-2, will target the Portland oil field, while the second, HH-1z, a horizontal sidetrack of HH-1, will target the combined 358 ft thick Kimmeridge Limestone 3 ("KL3") and KL4 oil pool, currently on sustained test production from the HH-1 wellbore.

· Utilising the reported flow rates from the current HH-1 vertical wellbore's EWT campaign, both HH-1z and HH-2 each have targets of initial sustained daily horizontal well rates of 720-1,080 bopd. These targets are deemed by the Company's 3rd party reserve auditor and principal reservoir engineering advisor, Xodus, to be viable and realistic, conforming with the established petroleum engineering benchmark that an optimally placed horizontal well within a reservoir with reasonable vertical permeability can be expected to deliver 2 to 3 times the flow rate of a vertical wellbore from the same reservoir.

· Further horizontal production wells and a water reinjection well are planned to be drilled in early 2020 following the grant of regulatory approvals for permanent oil production, applications for which have been submitted. Permits to cover 20 years of production are expected to be in place by autumn 2019.

to clarify UKOG already have permission to drill HH1-Z and HH-2

There could be a million objections. If their concerns have no foundation and the EA has no major concerns they have to pass.

Or even sell at 17p and take up your entitlement at 15p. Makes more sense than missing out due to lack of funds

What are the details of he open offer? I bought yesterday so won’t have entitlement but missed that part of the financing in the rns (s)

As welcome as that would be we’d still have a massive overhang to shift before we saw 6p. But yes would defiantly put a positive slant on things after the sh1ystorm this week.

42k buy should help. Lenigas coming back in?

Placees haven’t had chance to sell out

Live up to your name ffs

Small trades only. Hold yer nerve! Need a positive update here!

He went before the placing

Baits what they should have done is stopped the water issue then raised the entire capital via an open offer.

Why would we? What’s the offer? 1 for 10 at 4.25? Buy now 1 for 1 at 4.25! Me I await brockham before throwing anymore at this.