focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Expectation, anticipation, sentiment and the associated buying pressure is going to keep forcing this to rise. Into that mix throw even the smallest nugget of verifiable good news and this will going north faster than a Whippet trainer and flat cap salesman stuck unexpectedly in London.
Peeblian...good points well made. Also with BB, which many people seem to, or choose to, forget is that the drill was done using a non-standard drilling fluid. Now if we go back to BB, drill it in one of the newly identified sweetspots, use standard drill fluids and extraction techniques....well lets just see how well that flows then. BB and HH are connected and time will show this monster for what it is. GLA and ATB
Good point. I understand that the existing pipelines we have all mentioned transport Aviation fuel. I was wondering if the would lay new pipeline alongside while doing the work to establish a new fuel transport feed alongside the aviation pipeline. No one knows for now so this is just speculation but its good to get a range of thoughts on things on here. Cheers
Ninetails/Cyan2 - thanks for the link and the information: I appreciate it. Interestingly, the photo of the pipeline marker near HH doesn't refer to the Esso line. It refers to a pipeline run and managed by BPA (but owned by BP, Shell and Valco (Texaco) and part of the nationwide fuel network. The section referred to by the marker in the pictures runs from a pumping station at Walton on Thames. Esso might have nothing to do with the site at all in the end lol
Morning all. Adrian on Twitter has been posting up pictures of work being done on the pipeline near to HH recently. To those more knowledgeable, is it possible that they could have installed a branching pipe to allow a connection from, say, HH to be added easily if required? Not sure how these things are normally done but it would seem to make sense long term should it be required. Any thoughts on this would be appreciated (slow morning in the office too :-) ) GLA and ATB
Hi, Looking great this afternoon and very positive for the future for the following reasons: 1. HH EWT approved and ready to go. 2. HH fully funded for the rest of 2018 (placing not required for this) 3. HH side track and HH2 to be drilled this year 4. Permit extensions granted at both recently acquired PEDL blocks adjacent to Broadford Bridge. 5. Permit extensions applied for at Broadford Bridge. 6. Share price increasing so likelihood of a placing in place not for HH but to finance a return to Broadford Bridge to re-drill but in the sweetspot or to buy out a smaller investor in HHDL. 7. If, and I say if, a placing is required then less shares will need to be issued if the share price is higher, so less dilution. It all looks good to me so hold and enjoy the ride. GLA and ATB
here is the link: https://drillordrop.com/2018/06/14/oil-company-seeks-extension-of-planning-consents-at-broadford-bridge-in-west-sussex/
Based on the photo by Adrian on Twitter of the Oil Pipeline marker, the phone number relates to a company called BPA who "provide technical and operational solutions for clients on a global basis in the onshore oil and gas transmission sector." Interestingly they look after a stretch of pipeline from the Walton on Thames pumping station, running 36km to Gatwick,(known as the Walton - Gatwick Pipeline) This stretch of pipeline is owned/operated by BP/Shell and Valero (Texaco) and is part of the UKOP network of pipelines which comprises of multi-pipeline runs transporting a variety of multi product fuels. Link for info: https://www.bpa.co.uk/experience/what-we-operate/ GLA and ATB....the plot thickens lol
izard..it is indeed a very obsure share at present. So many small results could send this either way such is the level of interest watching it. I would love to just get some definitive information either way that I can get behind. I don't think HH will need fracking at all and I seem to remember a well set out post by Delboy which explained the Fracking legislation and how it applies to most onshore drilling at present. GLA and ATB
Is it at all possible that BB was drilled using an alternative fluid to normal drilling entirely to get it to produce substandard results in the hope of then picking up the rest of the local PEDL licences on the cheap? Not deramping or ramping just wondering what businesses might actually get up to to improve the chance of profits.
Good morning all. At the moment we have had a vague RNS which may, or may not, happen. We have upcoming testing at HH, 2 new wells in the BB sweetspot to drill, HH2 to drill and a new side track. There is lots to come so hold on now and don't sell out when the price is only down to what it was this time last year. One year in the life of this share took us on a wild ride, and even wilder suggestions being thrown about, up and back down. It can, and will, do this again so be ready. Last time it was 70% up in a day then consistent 20% a day rises for 2 weeks. And all that was on the back of less positive news than we are due to get in the coming months. So heads up, hold your shares and get ready for the roller coaster again. GLA and ATB
I would suggest either funding ready for next year and upcoming, announced, additional wells and drills. OR A buyout of one of the smaller partners in the HHDL consortium to give UKOG a controlling stake. OR To pay off the existing loan and stabilise the share price through knowing how many extra shares are being issued without the issue of conversations for the next few months.