Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Penguins
You state "Flowed possibly up to about 400bbls from HH-1 Portland . . . .Stable rate 293bopd for 24 hours (where's the 362bopd?). Although was the 435bopd an initial rate of the 6 hour test or an average over the whole 6 hours?"
I dont know where you get your possibly up to 400bbs from nor how you can think 435bopd is the initial rate of the 6 hours test and not for the 6 hours test the RNS clearly states "at an initial rate of 435 barrels of oil per day ("bopd") over a 6-hour period."
Also you refer to the previous 362bopd this was an initial rate so 435 is a significant improvement. It cannot be compared to the newly RNS stable rate of 293bopd which again is the highest stable rate recorded.
Pboo
I am not trying to discredit you. I said that I thought that you shouldnt have posted an old photo. I took it as naive.
Others since have said that you have done it before and misled.
Others since have said that you have traded UKOG
Pboo
I was responding to wizard125 about my opinion on a matter which this board has been discussing.
If you hadnt have posted an old photo in response to new news it would have saved a lot of hassle and it would have also stopped you being called out as a trader.
wizard125
No its a new one and thanks to Adrian for providing it.
I still think that Pboo shouldnt have posted an old picture on new news and by thinking that doesnt make me a troll no does it stop me being a genuine long term holder.
Pboo
I do know what it means, but the main part of the tweet was the picture and the wording is a minor part. I dont see what value an old picture added except for it to be potentially misinterpreted as a current picture.
I have thanked you and Adrian for your work previously and do so again now.
Alfiemol
Being new meant that you didnt know, now you do.
What annoys me is when people have been around a while and say a sea of blue (or red) to suggest that there are only buys (or sells) going through. Trying to manipulate the SP when they know their statement is misleading.
Best to look at trades either side to work out if it is a buy or sell. Not an exact science but you can get a reasonable idea
Alfiemol
As you are new with 36 posts.
The buy/sell is computer generated buy if above the midpoint and sell if below the midpoint.
Looking at 2 trades at 11:13 one for 0.849 and one for 0.8251 both classified as buys because they are above the midpoint when in fact the 0.8251 would have been a sell.
I originally came in via the hype of BB, betting for a bit of fun on IG. Made a bit, peanuts, remember going in to a meeting being £1,000 up only for it to be £300 by the time I came out.
Since then I have researched and invested.
What I dont understand is that UKOG is valued on (this statement doesnt read well on read back) its current production capacity, there is no hope value. UKOG is producing from Kimmeridge, it has plenty of Kimmeridge assets why arent they included in the SP (at a discount).
Companies should be valued on their potential future earnings (risk factored in) not on their current earnings. People are quoting that 1,000bpd from HH2z is worth £x. If this proves viable then surely the SP should include future wells.
Potential future could be worth 10s of pences is it worth that now, definitely not but is the risk reward price worth more than the current SP. In my opinion yes.
If Tellurian held 132,322,260 shares as at 31/12/19 prior to the issue of 331,125,828 then they must still hold some of the 132m because volume hasnt even been 132m since then, I presume they now hold 463m, 6.33%.
There is no TR1 RNS re Tellurian 3% holding so they must have pre sold at least a third of them prior to issue. YA seem to be playing sensible with their conversions to.
Just waiting for work to restart in the New Year (which for most of us isnt until Monday) and then the CPR.
Qwerty
SS's remuneration package should be looked at by the shareholders as it is their money what is been spent. I as a shareholder am happy with SS's salary and the fact that more than half of his remuneration package is paid via share based payments.
If, as a shareholder, you are unhappy with his remuneration package then I suggest you go to the next agm and raise it there.
Read all posts, learn that some are just stupid and think thatt they can manipulate the market. You will soon see that most will be gone with a couple of days a week at best.
I am heavily investedf here as my history shows. But for newbies read posts by penguins and Iibug. Penguins, does put a negative slant on stuff (cant believe that it took so long for them to point out that 1087 and grester than 60% weren't the same test) but it it is generally true, it sometimes misses out the positive which I presume are purposeful.
Ibug I find just posts very relevent facts with great oil industry knowledge. Did let themselves down a little by getting into a spat with pboo (who should also be listened to)
I have listened to all sides and am heavily invested here . I believe that I will make a lot of money out of UKOG.
God bless
StrollerB
You are wildly out
You are underestimating price of a barrel of oil by 10%, you have understated UKOGs share by over 5%. You have based the cost of tankering on the full HH amount not UKOGs share and used a ridiculous figure for admin and depreciation.
But by far the worse figure you are using is based on one Well.
Mald
Thanks for the calculation I dont know why I didnt do it myself.
I would personally be happy with 745bopd from HH1z over the next 3 months. It would give a revenue of $4.3m
If it does surpass this then I dont think the OGA would have a problem in extending this as they have done numerous other times previously.