If we all believed the same things would it not be a boaring life.
My hope now that UKOG have almost 86% of the Horsehill licences compared to 20% in 2017 is that it will when the CPR is released we will have a value of about 3p but this will probably be affected greatly by the NPV oil price at the time of the CPR release before we move on to other licences.
Thanks for your reply my thoughts we that the radial drilling would provide a solution to that but I have just read a article that the current new radial drilling tecnology developed in 2018 is only suitable for vertical wells but they hope to be able to develop this further. Please see the article below.
For me one of the biggest problems was the lack of time permitted at BB & the other work programs sheduled at HH.
If the reports of the blockages preventing the oil flows are correct as indicated which didn't happenn the KL5 layer the new radial drilling tecnology should be a very cost effective solution & if a new sidetrack was also drilled it could prove a double success.
No I'm just a realistic optimist who believes that Rome wasn't built in a day some things will work somethings won't.
As a result we will have progression & growth despite the ups & downs. I believe as we grow that it will fund more growth. It has just started from a very low level as a start up, a very difficult position in the oil & gas industry.
In order to confirm the decision to further sidetrack and test BB-1, UKOG will use the extension period to evaluate future Kimmeridge well and test results, which are planned by both the Company and other operators before March 2022.
The interesting part may be the part about other operators which may mean a farm or with costs covered or a partner?
No disrespect meant but when you talked about running you company it sounded like your company not an employee. Below is a post that I have previously posted with my thoughts on SS salary & bonus.
Below is a post of mine that I previously posted which explains some of my thoughts on SS wages & bonus which covers previous years not the current year. The benefits will be there for many years to come.
My opinion is different & I accept that I will probably be slated for it as it will not appear popular at this time but I believe what has been achieved from June 2018 to September 2019 is the making of this company.
I believe that the bonus covers :
1. The successful fund raise for the EWT following BB. 2.The conversion from a investment company to a operating company. 3. A successful EWT with 3 commercially viable layers . 4. The successful buyout of partners taking UKOG's share of the HH licences from 32%-86%. 5. The buyout of Solo IOW share & the extra 25% share of A34 licences. 6. The grant of 25 years planning permission at Horse Hill site for 6 wells & a watet injection well & production for at least 25 years. 7. The planning application submitted for the appraisal Dunsfold. 8. The planning for of the IOW which is now submitted & the public consulted.
For me following the flow testing & production of HH2 & maybe at some stage the buy out of Alba & Dorremous. Things will progress & shareholder will start to receive the rewards they deserve. The good thing being that the other UKOG licences are now wholely or majority owned so the growth will be faster & less expensive at that stage.
While I grant that not everything has gone to plan in this year it has been a different year in many ways. Now that. The planning applications & flow tests are finished & the majority of HHDL is merged into UKOG I expect administration costs to fall with the upside benefits of revinue not previously recieved due to the flow tests only covering costs.
The other thing which no one takes into account is the value that has been added to UKOG for all the claimed dilution.
The reason for it being this way is imo. is that a CPR for HH has not been released. Time will tell if this was Worth it or not, but for me actions speak louder than words & I am patient enough to await that outcome.
The virus is not responsible for a dip in the UKOG share price - Stephen Sanderson is.
You a a member here since the 3rd July 2020 just another troll.
Loxley planning will be successfully following the SCC investigation or a appeal & UKOG will bounce back. You have no understanding of the value within UKOG but SS does!
The reality is there are very few oil companies that are not currently down in the dumps & not just oil companies for that matter but this is cyclical & for every big down there will be a very big up before the market balances out.
Whatever many think at least there is a experienced & stable board of directors at UKOG who will see us through the current difficulties.