Member Info for Thorpedo

Heid
The eyes piss off a lot of PIs, they are not the best PR machine.

I would rather him concentrate on doing what he is - getting the oil out and moving the Wells forward in to production.

Brocal
No PR staff, there are only 4 of them at UKOG, he is concentrating at getting the Oil out, The SP will sort it self out eventually. LTH will be fine as long as they stay LTH.

@Scandic

Uninvested Director who are you referring to? It cant be SS as £466K of his pay over the last two years has been in share based payments. Are you invested £466K?

And actual running costs are negligable with UKOG only employing 4 people (including SS) at a cost of £453K. This is nearly entirely offset by the £442K tax credit.

Therefore the £12.5m raised can be used to for the 2019 projects. And there could be up to $3m of additional revenue from the HHDL tests.

Rypod
SS gets a salary of £240K a year, hardly excessive.

. . . the bounce from 1p to 2.6p earlier this year. It was oversold then and is oversold then.

By all means get out or remain on the sidelines but if you arent good enough to call the bottom you could easily miss the rise.

It could be a trading range of 1p to 3p over next 3 months but I would rather take the 1.4p to 2.6p than miss timing my entry and missing out. Leave the last few pips to the professionals and the gamblers.

Me, obviously sat on a loss but confident I will be in profit within 3 months.

Traders seem to have taken a hit yesterday. I can only find this one making a profit
15/11/2018 12:46 1.71 1,425,530
15/11/2018 12:09 1.65 1,425,530

All others like these took losses
15/11/2018 10:48 1.68 1,016,514
15/11/2018 09:26 1.74 1,016,514

15/11/2018 09:43 1.72 265,638
15/11/2018 08:00 1.88 265,638

#tomuchtimeonmyhands

Its calendar year.

So two further tests due the big KL4 and a potentially even greater Comingled Test of KL3 and KL4, Testing due to continue into 2019 Q4.

Many more $million dollars of revenue likely to come in to HHDL just during testing.

Flamemaker
Yes I also thought that originally from the RNS but I think the 27/6 one is the last RNS which says 150 days all the following ones just say EWT.

The Planning Permission is the restriciting factor and there is no time limit in it.

Rodders
You are missing the word approx. Read the planning, there is no time limit on the EWT. No start date, no total time taken and no end date.

The planning is for EWT and that is what is happening. The longer the better for me especially as we are Producing loads of the black stuff.

Santamaria
It isnt a 150 day test it is an EWT. It can last longer than 150 days, much longer.

I worked on a profit of £10K per tanker, if we are getting two per day then that is £600K per month.

I wonder how long SS can Extend the EWT. As long as tankers keep coming out then the longer the better.

Scandic
If you believe that Solo were right to bail out then that means you think that SS was wrong to buy their HHDL shares from them at the price he did.

SS has the most knowledge on HH, I doubt that he would have bought them if he didnt think (know) they were worth it and some.

Thank You Argus1, so EWT isnt scheduled to finish until after Christmas.

Pighater

Where do you get 210 days from? Is there a link. I have read most of SCC docs and I havent picked up on it. I hope you are correct.

RNS was on 15th saying threshold passed on 12th **************************************/rns/announcement/9948cac7-9ad2-4c11-9080-c73915c40d3b/

and no SOLO dont have any warrants.

Keep throwing shitt none of it will stick.

https://planning.surreycc.gov.uk/planappdisp.aspx?Appno=SCC+Ref+2017%2f0089 Look at the Attachment tab for all of the paperwork.

Chickendinner

You obviously have done no research and dont understand the basics UKOG have several Production Licences across the Weald and others. None of them are yet in the production phase. Once this testing is complete UKOG will be looking at moving in to the production phase it has already said it will apply for planning before Christmas.

Is the 2-4 years just numbers you have just plucked out of thin air or is there any research behind it.

Brockham Planning Permission took 4 months, and they made plenty of errors which cost them time. https://planning.surreycc.gov.uk/planappdisp.aspx?Appno=SCC+Ref+2017%2f0089