Member Info for Vulcan998

Looks as though they are planning a steady sequence of good news for HH? Something like:

Portland commercial

Then KL4 testing update (also going to be very positive judging by the gas flows and tankers)

KL3 test commencement

KL3 testing update

KL3 test completion

KL4 commerciality

KL3 Commerciality (if not linked)

Planning submitted

but buying takes up all the shares so I suspect we will be off again soon? Anyone with L2 like to comment?

the sell orders at 10p have been cleared now? I do not have L2 data but we seem to have had some selling just over 10p which is now reducing......

I hope you are right......

I hate to be negative but again Alba have some results but there is no indication what they mean for future operations and future production.

I do not know enough to understand if the results are good or bad BUT if the RNS had suggested some specific actions on the way to production or at least production testing I would have believed this was positive.

Think it is HH and Brockham where other companies lead where we will see the income. Alba seem to like doing geology.

I am still not going anywhere due to Weald oil.

GLA LTH

for full production, and further wells on site, I would expect further planning applications with the required number of generators included for the flow of oil and gas expected.
It could well be a limit to initial production.

on twitter x 2

And watching 2 tankers leave at the same time in the video I am wondering whether my "tanker movement limited" model for UKOG and Alba is correct. I think that by pairing the tankers 4 per hour may be acceptable for working hours......

or direct (on site) gas to electricity (gas to wire) conversion with a small turbine generator. This would seem the sensible solution for HH as I doubt we would ever put in a gas pipeline and there are no local gas powered electricity plants.

The only infrastructure needed, other than the turbine, is a gas cleaner and a link into the grid with enough capacity.

very good results.
NAV above current shareprice
Divi covered 7 times
Cash in bank

Bought from cash reserves
Cash Acretative this year
Synergies

Suspect we may have effectively bought their customers and brand!

He also said the EWT would be self funding

and remember, as well as UKOG expertise and Parrenco, Alba have employed 2 oil and gas experts and I would assume part of their role will be to work on this submission to the OGA

I would assume, I do not know, that as well as planning we will need to submit a full site plan, environmental management plan, emergency plan etc to OGA to get production licence BUT most of the work needed for the planning permission will go straight into the production licence application except that it will need more work around processes and controls on site IMHO

and double our share price on this income alone.....

I think the £1M a month revenue statement from SS may well be IGNORING the potential income/profit from the gas element - the latest numbers from Portland and first Kimmeridge layer shows we are getting around 150 - 200 Cu Feet of gas for each barrel of oil and this could perhaps add circa £250K per month (profit) to each well so it is probably closer to £1.25M per month per well IMHO......and if we do gas to wire this gets around the tanker numbers limitation for this element......

and PV should have addressed the water issue - it was included in a long question but he answered the other part of the question instead. Missed opportunity.

Back in the early days we discussed on here 3 options to get away from tanker issues:

1) Short pipeline (<2.5KM) down to a large storage area (to be built c£2M cost) which is adjacent to a busy trading area/main road (North Gatwick area). This would allow onward shipment via large numbers of tankers 24x7 so get away from local planning limits (if applied) and/or local objections.

2) Short pipeline in direction of Salfords (3.5KM) to a storage area (>£2M cost due to rail work required) with a train siding for loading.

3) Long pipeline (c 85km) to refinery copying route of exiting pipelines (and in fact could be build at the same time as the new Southampton / Walton / Heathrow pipeline using much of the same route).

Tankers is the cheapest but has capacity limits. Then options 1, 2, 3 get increasingly expensive and with more issues regarding planning consent.

that caused the blip in share price.

10:25:04 11-Oct-2018 28.44 GBX 1,902 540.97 Cancelled CANC AIMX
10:25:04 11-Oct-2018 28.44 GBX 1,902 540.97 Off-book AIMX

Both at 28.44p. The second undoing the first. BUT the blip then caused the ongoing 10% dip from this morning. If soneone knew this was coming and had a short in place they could have made big money.

IMHO the issue HHDL have is that the oil production amounts at HH is limited by whatever the number of tanker movements per day is acceptable to Surrey planning and local residents. So perhaps this is why he is favouring the Portland at the start at least (they could always be side tracked later on to all be Kimmeridge)......But I am no expert on oil field planning

interview with SS.
Basically all we have to do is wait <12 months and we will see large incomes from Horse Hill as well as Isle of White production......£1M a month minimum income from each well means pay back on each well (£3M cost) in 3 months. Having worked in business that is a fantastic pay back period and profit margin.
I am here for the long term as I see this level of profitability paying my pension for years to come (prefer for us NOT to be bought out).