Member Info for Stocktaker01

I concur we will not see the XODUS report until some numbers for Kimmeridge are known. if Kimmerirdge is looking like being commercial as I believe it will, then we may not see a report only regarding Portland, but one that includes Kimmeridge figures too

wouldn't want to be out ...... ....... ........... (full the blanks)

ibug try google it's "a thing"

I don't think its ramping telling people to "Get in now". if you are interested in investing in Angus then now is definitely a good time. Not without risk obviously. If balcombe and brockham flow commercially then angus will be in a very good place and 9p will seem as cheap as chips. On the side of caution my guess is that a placing will be needed to take balcombe into production and get us through the red tape but by then the share price could be double what we are now and the impact a lot smaller. Other reasons for caution are Bergen will sell into any rise and I don't think the drilling causes earthquakes crew have completely disappeared yet. if balcombe is good and flows to anything like the initial testing at HH suggest it might we will go up and probably never revisit these levels despite the factors above IMHO

all the talk seems to be around oil flows however the EWT RNS stated there was also 15000 cubic feet/ per day gas. can anyone with a wider knowledge than myself shed light on whether this is a significantly commercial in its own right?

don't wait too long for this one hype hype :-). Seriously though Balcombe testing about to kick off and if we're going anywhere soon it's going to be over the next few weeks and as always the "rumour" could cause more of a ripple than the news!

I think the commerciality is already accepted. What might make a difference is the total recoverable volume figures. This is drifting because I don't believe a lot of PIs understand how different the kimmeridge is from the Portland and what it would mean for UKOG (and other weald players - ANGS in particular) if it's confirmed commercial with anything like the initial flowrates back in 2016. i.e they invested expecting a quick buck from the Portland commercial declaration and it didn't come and have now lost heart thinking maybe Kimmeridge will be the same... IT WON'T.

no worries. i'll be transparent .. I reduced this morning by about 1/3. I will look to buy back in bigger volume if the price drops. what often happens when rumour of placing occurs (I've seen a few time with UKOG in particular) is the company in question releases a RNS quickly to confirm or deny. so far we've had neither. wouldn't trust TW/BMD one little bit but on occasion they prove to be spot on. see what happens.

whats their hit rate on placing predictions ... 50%? what amazes me if how they are not in court for libel the other 50% of times!!

wouldn't trust either. hope there is no placing but wouldn't discount given its exactly what ukog did before HH EWT

they do but have pretty much shown they ain't selling sub 8p. as soon as 8p is broken we see repeat 10/15/20k sells. I cant say for sure who's selling but read between the lines. If its Bergen and it will take quite a few of those to move there holding down by 1% to trigger a TR1

some sizable sells over at angs at the end of the day. just an observation

Some money if going over to ANGS. Be careful UKOG likely to release Kimmeridge initial flows before ANGS IMO We already know it will be the end of the month for Angs so today could well be a false dawn for bergen to sell into. I hold both and wont be selling UKOG to increase ANGS holding.

whats your buy in price?

The good news for us is that they seem intent on getting at least 8p for their shares and are quite happy to hold going against their normal MO. They must be confident the share is going up!!

yep- exactly what I'm eluding to Iejjb

I think the following to come from XODUS will add the share price also - both for Portland and more so KImmeridge (when it comes).

"HHDL's internal declaration of Portland commerciality is therefore expected shortly following receipt of Xodus' final connected oil volume analysis."

its not 9% down. the close yesterday was a false figure - a UT - last trade of the day made it look higher

something brewing at Balcombe?

Look, Portland was always a comparatively safe play. And lets not forget not long ago the share price was down near 1p so if you bought in/ added at that level, anticipation of the commercial confirmation we had yesterday has paid pretty well. I thought there might be another 20/30% to gain on absolute confirmation but it appears to be factored in. Kimmeridge on the other hand is completely different, not only did it flow over 1300 bopd during the initial test period, but if proven commercial at anywhere like those figures it would have massive implication for UKOGs wider license's and the Weald in general. What we potentially have here is a world class oil field! World class! And believe me that is not factored into the current share price!