Firering Strategic Minerals: From explorer to producer. Watch the video here.
Cynderlad
While I see Rodders must still be bitter from selling his much adviertised purchase of £100,000 of UKOG shares to top up his existing holding at about 1.30, others will hold and ride out the ups and downs while others will claim to be victorious traders which may be true or just pure fantasy!
You were wrong then and you can be wrong again.
Gl.
Penguins
You also have a early stage water injection well subject to EA permit which was stated as benificial to increase Portland oil recovery. If not Maybe the well will be reporposed who knows time will tell.
It seems a long road but once settled HH offers as fully permitted site ready to drill and to that extent offers good value for future development without all the initial costs and having put out large sums of money and time for establishment as we have already been through that process.
What we need to see is a improvements in oil production levels and revinues to make it more sustainable and viable for further development.
It will be interesting to see if this can be done more organically in the future. Let's hope so!
Skwizz
Any money I receive is not from UKOG.
I believe Steve Sandersons bonus was Paid for the successful completion of the HH EWT and the 20 year production permit from Surrey county council which in the period the company also upped it's share of the Horse Hill licence from 32% to almost 86%.
This permit from Surrey county council is still the subject of a legal challenge in the court of appeal and the resource and recoverable figures have not yet been released.
I look forward to the return to Horse Hill for the water injection to be completed and HH3 drilling hopefully a Kimmeridge sidetrack well.
All of the directors are due a options based bonus in May of 2020 but the exercisable options price is 1.15p
I know that UKOG's share price can change very quickly and it would be great to see the share price well above that price to make it an attractive proposition for all of the he directors but youhave to be in it to win it.
The directors have to get the share price to a significant premium or lose the options and bonus which would mean feeling some of the pain that some shareholders currently feel. ( Obviously unlike yourself Skwizz )
Rodders
It was only a straight forward question as you posted on your Twitter about forward selling of placing shares.
As for your accusations of unfounded claims I mearly asked a question.
The lady doth protest to much in my opinion!
Good to see two oil tanker videos leaving Horse Hill this morning.
The lack of any water tankers videos hopefully indicates that the water injector has been fitted and is successful. This may be a reason for optimism of higher oil production figures to follow.
Gl.
Ocelot
We know it does not conflict with national policy otherwise it would not have been recommended to the planning committee on two occasions. That leaves that it is of national importance.
It also leaves the IOW in the same position especially as from the IOW want the application called In by tHe secretary of State.
Hopefully they have shot themselves in the foot an time and money will be saved in having to appeal that application also with presidents having been set.
UK government call in of planning applications and appeals by the Secretary of State website.
https://www.gov.uk/government/collections/planning-applications-called-in-decisions-and-recovered-appeals
The Loxley decision could be decided sooner rather than later if it is considered of National importance or National security and if it is things may move faster than many had thought possible
https://www.aol.co.uk/truss-condemns-russian-aggression-ahead-141421950.html
Food for thought!
Smitty12
Below are the company update RNS the rest is positive and negative speculation.
Good luck!
https://www.lse.co.uk/rns/UKOG/
zyx098
It looks like things are set to get worse, below is a article about Mexico ending oil exports in 2023 but I don't think that they will be the last country to do so by a long shot.
It will be in the UK interest to protect and develop its indigenous supplies in the transition to net zero to avoid higher prices and the disruption of blackouts and not being able to supply consumers and industry.
https://oilprice.com/Latest-Energy-News/World-News/Mexico-To-End-Oil-Exports-In-2023.html
If the world oil Major's are no longer going to develop and produce new oil and gas what is going to happen to the prices while it is still needed with supplies becoming tighter and tighter?
https://www.thisismoney.co.uk/money/markets/article-10350679/Big-Oil-shuns-new-investment-UK-rocked-soaring-energy-prices.html