Member Info for VistaMan

Basil, that's very comforting when your 93% down! That fact and a fiver will get you a pint.

Penguins, couldn't agree more. Why people would read anything positive in a statement like that when the BOD have mislead / deceived / hidden consistently is beyond me. If it had reached 400 bpd you can be sure they would have stated that.
Interesting statistic, since production started on September 10 2018, Horse Hill has averaged 171.7 barrels per day as per UKOG RNS.

Dean, 1P reserves are based on producing assets, so based on 300 bpd. Wonder what a Competent Person will assign significant reserves to that?
To get 2P reserves they would need sanctioned and funded development.
Again who is going to assign reserves to that?
Dreamland.

I would have thought a complaint to the FCA that Sanderson was sitting on material share price sensitive information without releasing it to the market in a timely manner would be more appropriate. To some extent the Loxley decision is irrelevant currently, UKOG have no ways of currently funding the appraisal well.

Troll, at least you had the balls to reappear on here. I quote from your last post of yesterday:

"Turn up HH-1 and start up HH-2 Mr Sanderson...... show them what UKOG can do now."

Not embarrassed? No apology? Everyone can see through this ramping without facts.

Folks, now that we actually have some numbers from the BOD we can calculate a 10 year NAV10. I use $50 oil price, all-in UKOG costs of $20 and the 300bpd.
NAV10 is $21.4MM or £17.5MM which equates to 0.16p, but wait, oilers are usually valued at ~50% of NAV10, so 0.08p.
For those shamelessly ramping falsehoods and unsubstantiated garbage here this last few weeks hang your head in shame, thats if you even care about the thousands of PIs mugged here. Haven't seen any of you since 07:57!
Only sensible course of action is the removal of the BOD, its certainly not buying more UKOG shares with even more dilution coming for shareholders.
Sorry for all LTH here, including myself!!

Free-Money, most of the £4 million raised was to pay off the CLNs and buy the rented wellhead equipment. Can't be used twice. They need to generate cash at Horse Hill or there will be no drilling!

The previous 2 weeks there were numerous ramps on Twitter from the usual suspects and followers. I didn't see it mentioned over the weekend at all, they probably took their profit and ran. It might be difficult to get back momentum again. Loxley was never going to be feeding into cash flow before 2025 anyway if UKOG get the capital to develop it.

Folks, sorry for LTHs here, but there is a lesson to be learned. Many bought in the 0.18-0.25 price range in the previous few weeks. There was an opportunity to sell out with a very good profit in the 0.35-0.40 range but GREED and some fantasy SP projections here probably prevented people from pressing the button. I am still learning that lesson myself despite being bit several times. (on other stocks)
GLA

Looking back on your posts it seems like a personal vendetta.

Oneknows, not sure what your peoblem with Sweepie is, he has been a long term holder and entirely within his rights to complain about poor PR on this share.

Oldbury, Can't work you out. You were negative on UKOG until June 23, then seemed to join the ramper crew and now back being objective again? Sold out? Fair play if you have.

Ohmetoe, they would need about ~40,000 bpd at a $30 per barrel margin to achieve a £1.2bn market cap. (Based on NAV10 and usual oiler discount to NAV) And that assumes a lot of FREE capital to expand the production. Please send me some of the stuff you lot are drinking!

Daft,
Have to disagree with you there having lived in Geneva for 4 years. Best years of my life!

The '6' well flowed at 14,700 barrels per day previously with minimal water content. With the '7' well off we should be able to achieve that.

Lochranzalad, UOG, there are many others with similar market cap per flowing barrel to UOG.

Jones, no its not enough for me, when they eventually release a production number that they can sustain I will then check how it stacks against other oilers I own then. For instance its already valued at double another oiler I own which is producing at 3,000 bpd and growing.
Too much ramping here for me, I think a lot of people will be left with a loss.

Jones, On what basis will we see 0.6 - 1.0p?

jptop7, the magical 3500 bpd you quote is less than $1MM per week at $40 oil price, not the "right few million" you quote, but then accuracy wouldn't suit your purpose!!!

MJFMSG, at 12p that would be a £1.3bn company, FFS wise up. RRE producing 20,000 per day is a £141MM company, HUR producing 12,000 per day is a £116MM company, UOG producing 3,000 per day is a £18MM market cap. I could give lots of other comparators. What should UKOG be valued at 300 barrels per day? Certainly not £38MM.
Get real!