Member Info for Thorpedo

Johnny, what's your next line of attack going to be once SCC approve Angus? Or are you awaiting instruction from your bosses.

I cant be bothered watching SCC today as the result is a shoo-in, I am already invested enough so I will just wait for the RNS to arrive around 2pm and watch my profits rise and rise.

First initial improved flow rates at 7am Monday would be nice.

Just rumblings and noise by Johnny, it makes no difference. We are waiting for Portland to be deemed Commercial, the initial flow rates suggest it is, we just need to know if they are sustainable (probably are) and how much oil is down there.

Then on to Kimmeridge.

We dont need to raise finance at the moment so I dont care what the current SP is let Johnny play his games.

He cant do anything once the results are in. Commerciality is looking more and more likely every day.

Hats off to them, they work long hours and seem to do plenty of research. They are kind because they share all of their research with me, even the bits they exaggerate or make up.

OrsonCart if you believe that it is tanking then sell, if you believe that the SP will get higher then hold or buy. It really is that simple.

Then you best buy back in now Boyzee, you trade on sentiment and I think sentiment has just turned.

@Scandic, if you "go for rnss" then there is no reason to buy or sell until the next RNS. And it is also pointless posting on here. I hope you are true to your word. Bye

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To me it isnt about the actual flow rates it about them being Commercial. More wells will be added if it is commercial.

It is more about the size of the reservoir and the Commercial flow rate.

And BP paid $10.5Bn for 4.5bn onshore barrels today.

$10.8bn for 190K bopd and 4.6bn discovered resources.

HH is trying to prove 1bn discovered resource. If it can be got out commercially then the bopd can be easily increased by multiple wells.

Krank - Facebook was worth well over $1bn before it had any income.

Krank the truth is the Mcap is what the Mcap currently is. In your opinion it might be to high, in mine it is possibly a fraction to low.

The Mcap will change significantly over the next 2 months depending on the results of the EWT, from my research it is looking more likely that the results will be positive which will see the Mcap and therefore SP increase.

Your research must be pretty poor if you havent found one proven asset. Very easy to find within less than a minute.

Yes because it is 4 times more valuable. Both UKOGs and Angus's valuations are correct.

EWT is

Portland - 6 weeks
Lower Kimmeridge - 5 days
Middle & Upper Kimmeridge - 56 days.

If Portland free flows at the initial rates that it has then it is commercial. It is about the size of the reservoir which they are testing, this means reduced chokes, shut ins etc so oil out during testing does not equal commercial viability.

Portland is also just a bonus, gas in Portland is the Brucie Bonus.

No you dont. UKOG owns more of the Weald than anyone else so if HH is good then there is the presumption that the rest of Kimmeridge will be profitable.

Johnny the EWT is not just a test for commerciallity but also a test of reservoir size the bigger the ex-tractable reservoir the higher the MCap.

Also if Kimmeridge works then there is a higher price for the rest of the Kimmeridge Weald = Higher Mcap for UKOG.

But if the scoping study is based on the price of Palladium then it is the movement in Palladium price which is relevant. The movement in the Platinum price is irrelevant and mentioned by someone just to deramp.