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Watch for real flow rates for Portland.
WIZ
Just when last summer the news of EWT eminent the SP blew to close to 3p without knowing whether the oil will flow or not having said that its 45500 now in just under a year which in grand scheme of things is nothing or compare to the fairy tale of billions of barrels its disappointing but it's better than failure of BB.
I think some of the purchase were unnecessary they should have diluted more at 2p or 2.5p last summer to 20m rather than 12m would have been better less shares would have issued. Same mistake Angus made when 14p should have gone to the market 15m rather than 2m.
Fundamentals can only be stronger if they are able to flow more than 780B a day which I doubt would max do 700 if we are lucky.
Vertical lowest is 140 then 190/191 but somehow flows 208 to 218/220 even though they could flow 362 which I think is bullocks as I think SS fear it's not gonna flow or run out so he does not want to take a chance which is fair enough.
If this does not flow to the levels this will get crushed.
I think this will drop further and then go up as in the past.
We will be done with Portland middle of June then PBU for Kim and end of the month get the rig as this will then fall under Q2 as long as its June. This could change obviously as with SS anything will and can happen.
Wizard
I have no clue and I would not give my opinion as I dont know what I'm talking about.
TBH
I didnt not even read any RNS properly until last night trying to understand why the flow rates were high in Sept with 2.5p and why low now.
I invested on hype and past SP thinking it's cheap. If I had to redo this would only buy 500k shares as this could bust in terms of what happened at BB.
IMO I dont think HH 2 Portland will not flow more than 700 as the best its done is 220 and minimum is 140 and a higher choke 191. This was also confirmed by Barney Gray independent gas analyst on proactive investors and it's on the RNS.
352 bopd on small durations maybe on a hour or 2 hours but then extrapolated to a day figure of 352.
362 is again extrapolated figure not a real flow rage.
For Kim
the max real figure is 303 and 300 check all the RNSs I did it last night and most high numbers are based on 4/2/6 hourly rather than whole day.
I'm a holder 4.98m if it dips to 0.95 which is a real possibility I will buy more to get to 6m I hope not but I can bet my house for ukog price to fall than to rise.
Getting this to 3p IMHO is like winning a euro million but I hope too that's why invested but we closer to 2p than 3p but you never know.
I'm sure there are loads suffering who bought at 8p 10p if God is looking from wherever please take it back there so people could get their money back.
I dont know but some posters are more about HHDL or UKOG debt whether is 500m or 5p you aren't paying it.
Some are not even invested and want the SP on their OV wants to be 0.8 or lower.
What I have learnt in my 1 year in UKOG that the SP goes up in 3 to 5 days and then plunges to the same level over 20 days.
I have 4.98m shares at 2.23 so when the rig news comes I expect this to be around 1.8 to 2.2 based on how much volume we get. Last summer was nearly 900m in 1 day and nearly 800m on another day to get to nearly 3p over 5 days.
This will be my window to exit some of the risk even at loss it's okay. I dont see a point in wishing other bad when not invested wasting time here should do something better.
I dont think this will ever get to 10p but if at all 3p most recent investors will be happy.
I think while Portland gets horizontal they will flow Kim to keep getting money then switch over to Portland horizontal and drill Kim horizontal.
Good thing is atleast we aren't getting water otherwise we would be 0.00001. So this is better than nothing just relax and pray to God that SS somehow delivers all other talk here is BS changes nothing and just poisons people's minds and atmosphere on this BB.
Dropped in the last 30 mins do you think it will drop tomorrow as well?
Dog
I will tell you when that happens or the SP flies in the sky but I wont see you that day as you may hide somewhere.
Rig will come we will get our horizontal wells may not get 3500B a day but definitely close to 2p if not 3p.
If I get my money back I will throw £100 at you go for a night out.
Seadog is not invested in ukog so for the dog it doesn't matter if its 5p or 0.00005p. Dog can say or poo anywhere sometimes they come here to lay their dump on people like me and others who are already suffering thanks to ukog. Dog loves rubbing salt in our wounds and laugh. These are losers have nothing better to do.
If you navigate dogs bank account may not have 5p to buy any ukog shares.
I dont sleep at night get nightmares my wife says I talk about stocks in deep sleep.
I got ramped by greed sadly my original buy was 2.80p last summer then I never sold until September 10 RNS the SP used to jump upto 2.6 or 2.65p should have sold out at loss but being greedy and hopeful that 3p will come stayed with it.
I added more to avg it down to 2.23 so I still hope for 3p having said that if I was to see sell as 2.25p I may sell out and go.
If we are lucky we will get 3p max. I do not have high hopes as Portland is doing 220B a day with horizontal max 700B a day dont have figures of Kim top of my head but with so many shares and further dilution 1 million percent we should take most of the table and play safe.
I have 4.98m shares at 2.23 I will jump off the sky if I get 3p I have only seen 3p or more when this kept plunging and last summer 2.92 but after that dilution after dilution from 4.5b we are over 6bn.
Even that 362B a day is extrapolated figures from the data not real flow. Also lowest flow they expect is 140B a day to be commercial.
I want rig to come get to 3p hopefully and I'm out may even get out before that because as soon as this rises we get sell off. Nobody waits here.
Anyone invested in ukog since 2017 should have cash out at the highs and the folks that bought may never see their money back.
I bought majority at 2.70 last summer crying till today however my average is now 2.23 or thereabouts and my only hope is 2.30 even 2.25 I will be out.
If BB fiasco never happened i would expect 3/4p however with that disaster the market has probably lost faith so even small rises investors pull money off the table and even at that time ukog had 3.5bn shares in issue now just over 6bn shares.
Dilution is an issue however last summer just with commencement news this flew to nearly 3p last summer and plunged back to 1.5p.
My expectations or hope should I say with rig work start this could touch 1.70 to 1.80 range and if we get 720-1080 then 3 or 4p let's see.
2 more months of wait hopefully sadly this isn't a long term investment it's just hassle and will give lot of blood pressure and any illness eg stress and anxiety depression is the best thing you can get from ukog.
Sadly I see the SP towards 0.9 if we dont get direction in terms of next step as just saying "Preparations for the planned drilling start of HH-1z and HH-2 in the second quarter of 2019 are nearing finalisation" on 11 April 2019 isn't going to be enough.
Also this was said on 15 March 2019 "Rig tender documents have also been issued to contractors for the drilling of the HH-2 Portland and HH-1z Kimmeridge horizontal appraisal/production wells and for which planning and environmental permits are in place. Drilling is targeted to start in spring 2019".
So within space of 4 weeks SPRING becomes 2nd Quarter.
WE SHOULD GET ADRIAN TO ASK HIM F2F he took pictures may tell him.