I see Miratroll still needs the SP to stay low this week.
We'll get value changing news this week, either by RNS or increased tanker spots from eyes on site. The SP is only going in one direction now, 5-10% per day will do nicely.... just like 2017. GLA
I really like the confidence.... it's infectious and I see more are getting it.
They's had the coiled tubing down the hole for about 4 days now so I guess they could very well be done. Or maybe they are taking a break to assess the best solution and next move......we'll find out soon enough. RNS.....Fix done.....OR......Water source identified and moving to fix now. Watch the usual feeds for latest info.
Yep, buys coming in but wait for trading to properly pick up. We're only hitting just of 100 trades per day right now. In 2017 UKOG were hitting 3000 trades per day. Those days will be back soon when everyone gets confidence back and wants in again. It'll only take one II to start building a position and the herd will follow....... follow the money.
As long term holders, we've done our reaseach and know how much value it there. The market will catch up and look at UKOG again when they release the pending news. GLA
So if we can only recover 30% of it (and they can very well hit 50% or more) and let's say on average just $40 per barrel after costs we can calc the value of the asset..... 30% of 10Billion barrels = 3 Billion Barrels. X $40 = $120Billion That's quite a bit..... should be an interesting SP reaction to the CPR when they finally release that prior to production in the coming weeks.... I guess they'll turn their attension to that after they set HH-2z into it's test cycle....probably this week.
Huge value to be realised by the market here.... don't sell too early on the massive re-rate once the market regains confidence in UKOG.
Like September 2017 you'll be paying more tomorrow for some time now as this rises back to fair value and then finds new highs on huge increases in oil volume per day and the first Horse Hill production well being commisioned.
Many step up RNS's to come in the next weeks and months. Remember when they test a new well, especially the first horizontal, we'll get regular flow updates. Very exciting to be in this and ready for the SP recover and beyond now. GLA
P.S. the £3m loan is nothing for an emerging £2bln - £5bln gas and oil mid cap. It'll be wiped out in a flash once HH-2z proves the company and concept to the BIG money waiting on the sidelines. Could even see rumours of an attempted buyout emerging.......only to be kicked back by LTH's knowing the £billion potential here.
Site busy this morning according to latest reports, as work continues through the weekend.
Great work 'eyes on site' and thank you for your consistent efforts no matter the weather.... a bit windy this morning!
Interesting lhe last RNS seemed to suggest there would be fresh perforation once the water fix is done. The logging tool checks current perforations into the oil and also locates the water. Could this mean that once they've shut off the water they are planning to possibly perferate the well bore even further into the oil pool and yet again increasing flows still further. 1000bopd plus on the cards???
Miratroll seems to need another week to close his short position or release funds to buy in. Should've done it last week. Stop trolling and suck it up chap. The share price is on a constant rise now as the company steams ahead. Each day you'll be paying more.
Could be less than 24hrs now telling us they've fixed the water issue.
Should at least get an RNS in the morning telling us they've had another 2% transferred from ALBA. Seems Alba did not pay their Horse Hill bill and so went from 11.7% holding down to 9.7%
UKOG, increasing! Increasing share of the revenue. Increasing revenue by 4 to 5 fold bringing HH-2z on stream and optimising HH-1.
OIL and £'s flowing to UKOG...let's see if the SP jumps in the morning or a constant rise through the week as news is delivered.
Getting to the inflection point and with transformational news now. GLA
TKR234, I guess you are refering to BWM . Everytime someone replies to her, she gets exactly what she and admin want... more arguements and more hits. Don't feed the troll or this poor quality admin. They are not promoting healthy share discussion.
Yep, Coiled tubing going in on Friday and working through the weekend. If using quick mechanical shutoff Tuesday or Wednesday for news would be a good guess. Might get a nice update Monday but another day or two more probable. Nice sunny day for working down the hill tomorrow.... hope the eyes get some nice pics for us.
Still only small trades. Wait 'till all that pension money starts flooding in. BIG money will flow this way once they've told the market they delivered. Nice time to be in before the rush and the herd arrives again like in 2017.... but this time on assets delivering a return for the next 25 year plus. Should be nice to be in today and looking forward to next weeks results and reports. GLA
I agree but the CPR will not be a surprise on HH-1 since we already know it's coming and will be in place this spring before production officially begins. As we all know once we have the CPR declared we have a very valuable asset the company can go to the bank with for proper long term loans and then the flood gates will be open for quicker expansion. As each asset is declared more and more money will be available..... this will expand and grow exponentially. Which is why UKOG are working on planning for all their other assets right now. They want to be in a position to moneties them as soon as possible once big money starts flowing..... no frustrations waiting for admin and bureaucracy. GLA
Yep, build the Horse Hill oil field, the IoW oil fields x 3, the Dunsfold / Loxley oil field, and the Broadford bridge oil field. That's about 36 wells...... should be quite a nice dividend from an investment today!!!!
Great stuff, nice to see a lot of confidence and research going on here now. Looking like we have a good degree of confidence in the water fix. Starting to get very exciting to see those new flow figures once fixed. We already know the well is very well connected to the oil pool. That should have been enough for investor sentiment but I understand how the mention of water can spook the market.... especially after Angus threw in the towel on theirs but they only had a few % oil and mostly water. We're the other way and have the confident fix team on site sorting right now. Good luck all.
IoW is after HH-3 Kimmeridge horizontal at Horse Hill as I understand it. Revenue from a site producing closer to 3500bopd will easily fund IoW....... And Godley Bridge / Loxley. This will scale up very quickly over the coming months and years.
And we'll need you to post the picture of shaven eyebrows Skwiz. It'll be the centre piece of our 5p Easter party!
It's basically a binary bet on if they can fix the water ingress on HH-2z They've already told us the well is very well connected to a very large oil pool and the water issolation is common and standard industry prctice. So the binnary bet is very much in favour of it working. HH-2z proves the concept of the well design and oil structures UKOG has knowledge of and access to.
On that proof of concept that they can deliver, the value of the company can be caclulated and invested in by the BIG boys. II's activity, buy out rumours and talk of moving to the FTSE350 and 250 will send this far north of here in very quick fashion.
They've already said HH-2z will be in production by year end and they'll be drilling HH-3 (Horizontal into the Kimmeridge). Looks like it's good bye eyebrows! :-)
on what they are seeing and reporting from site. Must be good.....think I might just make another cheaky purchase at this price too :-) Good luck fellow investors!
The trolls have lost the fight.... OIL wins again...... no where's my JR Ewing hat and boots :-)
Looking forward to the company report.... BIG FIX DONE! That's ignight interest in buying up shares BIG time! Today looks like the key day for getting it done.... report soon.
Looking a Twitter we can expect eyes reporting several BKP tankers today with possible mix of Oil tankers and well clean up tankers (mix fluids and oil).
Great time to be invested riding the sentiment wave back up to fair value...... 10p plus in no time chaps!