Member Info for Tony13579

ISA transfer on death to your spouse is tax free, not if it was transferred to anyone else

UKOG have not given up on the kimmeridge, this drill will drill down to the kimmeridge, I believe core samples will be taken to confirm the fractures in the kimmeridge that will help the data for the kimmeridge production.
Then the side track into the Portland will be drilled for 1000m to provide steady income that will fund the kimmeridge sidetrack.
Ps the kimmeridge is actually producing... but will be shut down for a week or so as they set up the drill.

Any period where the board are in possession of price sensitive info that has not been published.
If they want to take their options they need to put out the financial results, and declare any sensitive data such as oil in place, reserves that they might have. ( for all assets)

You haven’t seen a photo of a rig or a tanker. The eyes would not publish a photo until it was all on site... lol

I’m not going to comment on wether there are two pumps, however it is possible to have 2 or three production tubes in the well bore. If there were 2 then it would be KL 3&4 not Portland and kL

The chairman of HHDL is, now , let me think.... Oh yes... Stephen Sanderson...

No not really, but an objector asked a freedom of info request and didn’t get the answer they were hoping for :-)
However... the option remains open! That pad or another site? Drill MW2? ....
Or sell the licence on... UJO, ANGS, iGas ...got any spare cash?

Please be aware sanchez005 is banned poster JUNGERNS. who stalked the eyes. Pardon the pun!

7 days a week production, 5.5 days a week transport movements
24/7 drilling operations
5.5 days a week other work ( although safety work can be 24/7/365)

The current cpr is not based on production tests.
The CPR is for oil in place, not recoverable reserves.
P50.. 50% accuracy , rather than P2 proven recoverable

These reserve categories are totaled up by the measures 1P, 2P, and 3P, which are inclusive of all reserves types:

"1P reserves" = proven reserves (both proved developed reserves + proved undeveloped reserves).
"2P reserves" = 1P (proven reserves) + probable reserves, hence "proved AND probable."[2]
"3P reserves" = the sum of 2P (proven reserves + probable reserves) + possible reserves, all 3Ps "proven AND probable AND possible."

Did I tell you about the gas tanker on the planning documents.. and the propane tanks and gas compressor and cooling unit...

I feel robbed... I have ramped far more than my ranking, lol

The 19 day window is a smoke screen to make protest harder...

I believe it is a standard duration, Stockbridge just renewed their permission, very little fus, no objections, no protests... Hampshire is just as scenic and has precious chalk streams..
Surrey think they are more special than the rest of the world.

It looks like final documents are being submitted for Dunsfold... we could be doing this all again in a month on 16th of October ...
And then again in 6 months on the IOW...

Just to clarify , it’s 20 years production , 25 years permissions includes setting up and restoring site..

https://twitter.com/anton13579/status/1171682430060761088?s=21

I get BBC south, ran a story on a refinery having an £800m upgrade going through planning.
Not UKOG ... damn report didn’t give a location.. Awful reporting!

I have set recorder boxes for local news bulletins and will tweet them out for those out of region @anton13579

I did try telling you all last week!
Fundamentally is it a good buy today?
I would argue yes.
I don’t think this is going to be a spike ( Current price. 1.2-1.25) more a revaluation.
This week will add value to the assets ( subject to planning approval which is 95% certainty )
Then the rig will arrive.

I believe 20 year production planning is worth more than 20 rigs arriving!
It starts a new chapter.
It will make this company profitable in the very near future. It unlocks new finance. Leads to a CPR.
So the question is what would this company be worth in 6 months with planning, cpr, profitability & production?

Not to mention Dunsfold and the IOW In the pipeline with no funding issues?