Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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.
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.
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"
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.