RE: Tanker 2011 May 2019 10:59
Reminder for next yr which is the prized target for me... Next year, the plan aims to convert around 15.6 million barrels ("mmbbl") of the Company's net discovered conventional recoverable resources (or "Contingent Resources") into Reserves. Consequently, the programme includes the drilling and long term testing of an appraisal well in the PEDL331 Arreton oil discovery (UKOG 95% interest), where the majority of the company's currently assessed Contingent Resources lie, together with appraisals in the PEDL234 Godley Bridge gas discovery and Broadford Bridge oil discovery (UKOG 100%). Further Portland and Kimmeridge exploration wells at PEDL331 Arreton South and at a third site in PEDL234 are also planned later in 2020..... yep 15 million barrels of oil... the maths ain’t difficult to work out the value of the company, regardless of people harping on about shares in issues makes no difference!! This will be a billion pound company plus.... no problem.