Member Info for Vernony

I was just looking at the geological sub strate of E and W Sussex. It is absolutely riven with deep fault lines. (probably more than 20) There is no way that any tremor in Sussex could be attributed to fracking or drilling, or soldiers marching for that matter.The geological set up of the county makes prone to Earth tremors

I don't see how they can get oil out of a well without a perfgun. They have to keep the drill pipe in to ensure well stability, also possibly to squeeze cement around the outside to stop uncontrolled flow and cross contamination

The problems with BB ran UKOG into increased debt. I think the market is nervous that HH is probably UKOG's chance at anything. If that fails, then so does the company . But, the indications are that HH must have some value. If one recalls oil was coming to the surface without stimulation and in huge quantities too. That does not sound like a puddle oil to me !

Just the Brexit fears of today spilling over, probably rushing to buy gold instead.They will be back !

We are looking for good test flow results from the K layers and from the Portland layer .If these are good then it will give an immediate boost to the sp. Last time on far a more flimsy evidence at Broadford Bridge, these shares were boosted to above 10 pps . On could argue that if they have been there once, then they will again if the results are decent. But, the BB debacle cost UKOG dearly in borrowings so that might blunt a 10pps, but on past history, they should at least reach 5 ups ( I side on caution, because other people's money is at stake and to make unsubstantiated gross claims is unfair) Everything, of course, relies upon good news, no more earth tremors and some caution with the borrowing. Crystal ball gazing suggests that if there is anything like the rumoured 100 billions gallons of recoverable oil underneath the Weald, then all things being equal and UKOG still being in business, then this SP will be above £4 pps maybe more in the distant future.But, in the short term, unless the SP can be lifted and sustained above about 25 pps, then there will be a share consolidation probably about 1 to 50 in the nearer future. So you need a good portfolio of, a minimum of 100,000 shares to end up with c. 2000 if there is a consolidation. I think that they are using the same bore holes for this latest testing so that will shorten the spud in considerably

P.S and let me put a theory out (unproven of course) if fracking did create two small earth tremors, then it was because the injected water lubricated rocks that were under extreme stress. If they been left to move of their own accord once the pressure had really built up and gave way when the rocks were dry, then it would have been a significant earthquake. So, if the anti frack say that fracking caused earthquakes, then the pro frack can point out, it was a good job too, otherwise there may have been deaths and substantial destruction if nature had been left to its own devices

When ever some quite natural happens in the UK alarmist theorists come out of the woodwork. The UK suffers about 300 minor earth tremors per year about once in every 4 to 7 years there is a slightly more powerful one. I recall the theorists after the 1976 very hot summer. The newspapers were full of theories about the Essex dessert, that was 42 years ago and now we have another hot summer. Hardly a trend is it, but the it is in the newspaper and the Beeb trots out it normal, hitherto, unknown experts. Then we had the great moratorium over fracking, two slight earth tremors recorded was enough to bring a halt to all attempts to frack for is it 7 or 11 years then, as now, nobody could actually say that fracking had caused the tremors. There is nothing to prevent experts tell us but they must really let it be known that it is a theory and not a proven fact when they speak

I'm afraid that I only speak English !

Time to get back in here methinks. Regardless of long term flow rates, short term flow rates will renew interest even if only until the long term results are published

Anyone got an idea why I can't buy this share on HL ?

The sheer ignorance on the part of NLC, IMO they are not fit to be members of a Council. Generally the people expect their councils to be experts, or able to interpret documents and to understand what is put before them. You can't expect navies to be Councillors ( well if you want them to vote for free beer, maybe) Or free tickets to watch football.... But they are engaged in high-end stuff at Wressle, not if the bin men missed a bin this morning

They harbour jealousy of success. They will make money out of this, that it is all wrong etc.. Just look at all the big communist countries such as Russia, Albania, Yugoslavia, Poland, The Ukraine, Czech Republic, Cuba,, the Baltic States they all failed. Even China is only Communist in name now, but not in deed. The last real communist state left is North Korea and look what a mess that is in. The left wing foul up every thing with their over simplified view of equality. Do North Lincs CC open their meetings with a rendering of the Ref Flag, I wonder

Of course UJO are invested in the very near site at HW, and sits across the same strata as HH

The important news for UJO is Horse Hill at the moment, don't worry about North Lincs CC. Horse Hill is now at its flow testing stage, and it that translates into production, then Wressle will be a sideline for UJO

I think a lot of the problem lies with our scared politicians. They are not allowed to voice a controversial opinion and if they do they are set upon by an irresponsible press that is not interested in good ideas, but good headlines. So more and more they seek refuge in committees and studies and surveys and select committees and consultations etc.. They can bury their own opinion in those by the fact that the recommended action has been generated elsewhere. This leads us to the state where is it 9 ?Committees and councils and Quangos all get a say in drilling for oil or gas, and it cannot go ahead unless they all agree. Each Quango is fighting for recognition so to oppose the others gives it headlines, which they would otherwise not have received. It is about time that the government declared that oil and gas were strategic matters and they belonged to the whole country and not to a county council. So, for example, North Lincs in turning down Wressle has turned it down for the UK, not Lincolnshire. If it were declared to be strategic no county could claim it is theirs to give or with-hold from the rest of the country

This share having being in the doldrums for as long as memory serves now has two bright sparks in its investments HH and Wressle, both of which UJO is invested in and both have proven oil which looks like coming out of the ground certainly within a year. There is also the unknown quantity Biscaythorpe, which looks promising but the jury is still out on that, so it is as good a bet as any ......As exploration companies go. The downside is that the shares are very cheap and it will take a lot to shift them upwards because of profit taking

This share having being in the doldrums for as long as memory serves now has two bright sparks in its investments HH and Wressle, both of which UJO is invested in and both have proven oil which looks like coming out of the ground certainly within a year. There is also the unknown quantity Biscaythorpe, which looks promising but the jury is still out on that, so it is as good a bet as any ......As exploration companies go. The downside is that the shares are very cheap and it will take a lot to shift them upwards because of profit taking

Over UKOG they are reporting on the HH Portland clean up, which has flowed quite well, drey and sweet, in the clean up phase. As. I understand, that UJO are invested in HH. Currently the bore is shut down for 24 hrs to allow the pressure to build up in the well, before retesting

You have nailed it, but many in these rooms decry people who sell before it reaches Eldorado prices. As you say, they are in here to trade. Problem with this share is just a fraction of a penny means profit to many, so they sell (and so they should if they want to) but it destabilises the SP ! When this company have something to sell, rather than dreams, then as I have predicted before they will consolidate the shares, it is a case of have to, unless the SP can manage to get up into real money which is doubtful

So many shares and at such a silly price you can buy more than a million for £1k. It tends to defeat any rise in the sp because 'quite rightly' people tend to cash in when they have a profit. That is frustrating but not illegal for people with their eyes on the horizon