Member Info for TrollHunter2

They also sidetrack..... horizontal in the other direction ....for a short distance this time to mitigate water risk.

Agreed.... for us it's just timing.
For SCC it's ££££££££'s at stake.....if appeal it costs them BIGLY :-)
Best if they overturn it themselves.... which could very well be happening as we type :-)
Best buy some more shares at this level again :-)

Or could they identify that water only impacts part pay along the horizontal and so can plug again leaving a shorter productive dry oil section....... might need Shlumberger in their with the wizzy electric logging line...... can they tell the difference between water and oil in the logging data though ?

Looks like from all the comments on here and Twitter the website has been changed this morning and the decision has been removed!!!!
This indicates some kind of announcement about to be made.....turnover decission....revote???
Approve! ?????

No it's not on the website..... I see ScallyWag living up to her name there.
Still in investigation and likely to be kicked.

Lots of troll activity today to create LSE traffic...... happily ignoring and waiting for Loxley planning turnover and HH development news now....... all playing out this summer.....
Good luck genuine investors...... look at 2017 chart for a picture of where this will go this year........ ££££££££££

Planning is under investigation and they'll probably have to overturn the decision or run the meeting and vote properly with legal and legislated advice this time........recommended to approve!
Watch the SP bounce on news that Loxley is approved and the gas revenue stream can be activated as soon as possible!
Probably worth buying a few more at this price then...is exactly what I'll be doing today :-)
GLA

That's how the site makes it's money.
Unusable on mobile!!!
That's why they encourage the trolls and arguements..... more traffic = more ad revenue!!!

Agreed, they may well be reconsidering a re-vote if they cannot legally issue the decision notice which should be out by now.
Maybe they are asking their wives and husbands which way they should have voted again.....maybe even using tea leaves :-)

That's not a loan that's an agreement to pay for a purchase.
Big difference!
They are buying equipment adding value and reducing costs..... increasing profit to pay for the said equipment!!!

Yep, no loans and no debt.
Simples.

The fundamentals are strong and now oil price is above $40 per barrel and cost per barrel at Horse Hill is only $13 including delivery and processing costs, the process should become quite profitable to provide funding for the next phases.
A strong business being built but obvioulsy needs a little more luck drilling wells..... it'll turn around but in the mean time HH-1 will increase production in the coming weeks creating a strong revenue stream.

So oversold at this price.

GLA

Yep, Loxley gas will happen and while we wait for the legal wheels to turn UKOG can focus on producing as much oil as possible from Horse Hill.
Maybe HH-3 will be pushed forward or maybe they will intervene on HH-2z again.

HH-1 will be over 500bopd by August. Re-perforating and production tubing can be done in a week or two.

Let the dust settle from the past two days and the forward plan to deliver better results will become clear.
Investor sentiment will return again as this is far too oversold at this level just based on what HH-1 can deliver.
DYOR and GLA

Re-Perforation not done yet and planned this summer.
RNS states the current pump setup needs more perforations to suck on.
We also do not know if they still plan to commingle with the Kimmeridge.

I guess the Portland can deliver 500+bopd.
Add Kimmeridge and could be getting closer to 1000bopd.

I know this board is not currently in a mood to consider a bright future but these things are still work in progress.

They also planned to do HH-3 in the near term. Again no mention in this RNS but they are obviously now reformulating after yesterdays Loxley delay.
Plan B being worked now I guess and hopefully they will give us an operational update once they cost it out.

Tomorrow I guess after today's distraction.
The price is now a gift for the high value investors building positions over the past couple of weeks... almost half price from peak..... fill ya boots boys !!!
Turn up HH-1 and start up HH-2 Mr Sanderson...... show them what UKOG can do now.

Will get final approval, it's already recommended.... just highways convincers needed.
Focus back on Horse Hill now.
Loxley GAS cash stream can wait for now.
GLA

They are voting on other planning issues now.

huge number of people watching.....show army of investors interested in this result and waiting to pile in........do you buy now or wait for official news?????
GLA

Standard meeting listing to all the inputs and then approve so far it seems.

This will be a long term gas asset revenue stream for UKOG which should be brought online fairly quickly..... much quicker than an oil well!!!
They will probably want this turned on ASAP to provide UKOG a cash stream from which to accelerate the oil side!!!
Guarantees the future of UKOG for us too !!! :-)
This is therefore hugely valuable and people probably haven't grasped that yet.
Looking forward to some very positive PR messages from the company later once approval is done.....in the coming hour.

I don't see why UKOG would want to JV a 100% owned asset without significant buy in investment!!!
They did Broadford bridge on their own and all the knowledge and procedures developed from that now.
Maybe Slumberger who do partner oilers for certain plays could offer increased drilling speed and equipment.
Needs to stay 100% UKOG asset though!!!
GLA