Member Info for Thorpedo

Seadoc
You said that the 31 March accounts would show that Ukog would barely have enough cash to keep the lights on it had £12m as per the accounts.

You were £12m out.

Seadoc
What does it matter how much debt HHDL has. Most of it is due to UKOG anyway.

Lets not forget the last time you went on about something like this you were only £12m out in your estimates.

CaptainStanley
UKOG probably do know the average flow rates etc but cant let us know as currently they are on a EWT not in production, production flow rates will follow once in production.

The OGA restrict the amount that can be produced during EWT however it appears that UKOG keep going back the them and getting this increased.

All the speculation is pointless, its somewhere between 150 and 350bopd. I am more interested in the CPR because more wells can always be added if it is large.

Serial Shorter Seadoc (Not just a minor downbet Sedoc)
So you were short £11K on SXX but dont post on there!!!
You are short on 8 shares per your posts tonight and this is 2% of your positions.
Lets ignore all of your other shorts other than SXX short of £11K and this is 2% then your then your portfoilo is £550K this is not the persona you have been putting out.
Lets say your SXX short of £11K is typical of your other 7 shorts and this £88K short position is 2% then your then your portfoilo is £4.4m this is not the persona you have been putting out.

Serial Shorter Seadoc (Not just a minor downbet Seadoc)

I dont trawl though posters past history to find answers.

Why did you go short on SXX this week? surely you missed the boat o that by a few weeks.

Sorry Seadoc including SXX you are short on 8 shares. Why dont you post on them? You probably do with another username.

Seadoc
Have you been drinking? your post is not up to your normal sophisticated self. Glad however that you are now admitting to be a serial shorter (being short on 7 stocks) rather than your previously claimed "having a small down bet" what is your username on SOU PMG AAOG COPD DGOC and PVR? are you using the same angle as on UKOG?

Re my earlier post and your response, you could not identify anything from what HHDL would have produced in their 2 page accounts, but you can from the published consolidated accounts published by UKOG.

Seadoc

Lets not pretend that you are anything but the sophisticated financial market player you obviously are .

Saying something negative and potentially libellous and then saying "I am not suggesting that UKOG have done something outside the rules" is wordmanship trying to put the thoughts in to someone's head that they are.

HHDL is a private limited company and as such can file very limited accounts. Can you tell me what you would have gleamed from accounts similar to last years with reduced disclosures.

HHDL is now a subsidiary of UKOG and needs its year end to be the same as UKOGs. A company can only extend or shorten its year end by 6 months. So in order to get coterminous year ends HHDL had to shorten its by three months.

Stop pretending this is an issue when you know full well that it isnt.

Copland
The whole point of Aim is to raise finance. Assets have been purchased and developed. I as a LTH dont have an issue with it and have bought more shares as the projects have been developed.

Once we have a CPR which should be this year then we will be able to raise debt finance.

As the RNS stated ". . . HH-1 Kimmeridge well are expected to be put into long term production by the end of 2019."

So HH-1 is going to be a production well for Kimmeridge then it must be commercial. Commercial Production from Kimmeridge by the end of the year.

Also SS stated he will not issue a CPR except from a production well. We now have one in to the Kimmeridge.

Its a sell 99% that it is YA. They should have got through £150K on Friday and another £150K today.

The Rig arriving wasnt news it had already been RNS'd that the contract was for the delivery in September. On no news days the SP should creep up as the Drill, CPRs & Production get closer. Big news days SP will hold there own as YA will sell in to them. They need days of 85m to clear £150K.

I am expecting a late 12m sell, looks like YA might have got rid of another £150K today.

Not often I agree with Penguins but I think there is only one pump, looking closely I dont the rod on the right is moving, it just initially appears to be in relation to the one on the left. If you take a fixed top of it you will see it doesnt move.

I dont think you can use two different suction devises from the same pipe. I would have thought you can suck out the oil from two different layers but that isnt what is been suggested here.

*risen over 16%

The loan was drawndown on 16th August, a month ago, when the SP closed on 1.075p. YA could have converted at anytime since then.

So since YA have held the conversion shares the price has over 16%. They are not here to drive down the SP as some have suggested.

I have just re-read yesterdays RNS and believe the Rig will arrive this weekend.

"final site works to accommodate the arrival of the rig . . . completed yesterday"
"having signed the relevant drilling and service contracts, the rig is now scheduled to arrive"

That is a lot of oil - but where do you get 6 days a week, isnt there 7 days in a week?

Bridgedogg1
Capped at 3,500 - that is its current cap, we can always apply for more if needed.

I hope that its a sell.

I am looking forward to the next 2 RNSs.

First one being yesterdays conversion. I think it could be as high as £600K which out of £3m permitted in first 3 months would be a fair chunk.

Second one being todays conversion, on todays volume up to £900K.

Obviously looking forward to Rig arrival which could lead to again large volume for YA to convert in to and be done for three months.