Member Info for wizard125

Sting69

They said that they are looking at reproducing from the Kimmeridge layer now that production permit has been granted. From memory during testing it produced 400 BOPD but we don't know what was possible if the taps were opened. I believe that we did see 4 tankers on occasion, was that a taste of things to come.

I believe that they closed of the Kimmeridge production. If it can be reopened with regulator approval things could change quite quickly here.

I'm still in hold tight!

Now USD$ 1.2349 for £1 a much better exchange rate than $1.40 or $1.50 to £1

5,193,336,295 was the final volume of UKOG shares trades today & is equivalent to almost 1/3 of the companies stock.

Interest apparently returning to the UKOG's future!

So far cyndiliar your quotes are all wrong!

4,077,556,243 shares traded so far today.

Cyndiliar back on his long term soapbox crying placing!

What happened to the AGM?

Germany nearly ready to embargo Russian oil.

https://oilprice.com/Latest-Energy-News/World-News/Germany-Could-Ban-Russian-Oil-In-Days.html

New supplies will be needed to meet changes in European demand. There is no pipeline accross the Atlantic Ocean.

This also leaves oil prices vulnerable to heading higher.

https://www.bloomberg.com/news/articles/2022-04-26/russia-halted-gas-supplies-to-poland-onet-pl-reports-l2gapmmd?sref=Em01M8Hr

Skwizz

Does that indicate oil prices remaining higher for longer in the future or a continued uptrand?

ocelot

Fair point, but remember in the future if oil prices are going to remain raised the Net present value worked out on Horse Hill oil was based on a oil price of $70 giving a per barrel value of £15 - £18. If oil prices remain at or above $100 per barrel that figure rises while hopefully with water injection costs will fall and production rise.

nomlungu

He did say that and until the EA permit is in place for the six wells no one can count any chickens.

He also opened up other options of a farm in for development which would be similar to what UKOG has done in Turkey.

If UKOG transferred the operator status to another company for the development of the six wells with the associated costs the picture may look very different as revenues rise.

Sorry

Net present value not net asset value.

ocelot

Everyone seems to forget that UKOG only had about a 30% share of the Horse Hill recourses in 2018 not the 86% that it now has.

When the resources are added or considered including 'Net assets values' at 86% not 30% the picture can change very quickly if this provides reserve based lending for development dilution would be minimized.

ocelot

The more the share price is held back the higher it will eventually rise.

I hope that the EA approval for the water injection is approved soon so costs can be reduced and profits rise allowing further development and growth while helping provide a return on investments.

Ibug

Net Asset Value per Share 0.04p 0.03p (0.02p) (0.03p) 0.05p

That is per share regardless of the number of shares.

UKOG net asset value per share almost back to 2018 levels.
All we need now is the share price to match despite what is perceived as dilution.

30 Sep '21 30 Sep '20 30 Sep '19 29 Sep '19 30 Sep '18
Operating Margin (243.60%) (1,547.69%) (2,247.89%) (2,280.95%) (1,634.78%)
Return on Capital Employed (41.15%) (231.67%) (118.90%) (118.79%) (129.12%)
Dividend Cover n/a n/a n/a n/a n/a
Dividend Yield n/a n/a n/a n/a n/a
PE Ratio n/a n/a n/a n/a n/a
PEG n/a n/a n/a n/a n/a
Dividend per Share Growth n/a n/a n/a n/a n/a
Net Asset Value per Share 0.04p 0.03p (0.02p) (0.03p) 0.05p

cyndiliar

Still preaching the placing that has not come nearly a year down the line.

Crying wolf again!

Gideons

What's happened at 88e are you back with UKOG now?

RE: Drill or Drop articleToday 09:45
"Last month, appeal court judges were split over the issue."

They were not "split" - It was 2 to 1 - that is not split.

GL SR
.........

Was it not reported that 'No further appeals would be granted'?