Member Info for wizard125

jptop7

Great Post lots more to come imo.

jptop7

argus1

Sedoc can not explain the fairy tails that he has made up to fabricate his delusion to try & make a self fulfilling proficy by instilling fear into his readers.

Is posts although in a different style remind me of Boyzee who was banned.

I wander if Sedoc likes Greg's?

Penguins

Then please explain then why SS said the Portland value at HH is £150-180 million based on 7-11 million barrels?

It says in RNS HH1 Kimmeridge production.

What will happen as the resevoir is developed will have to be seen but has already been upgraded from 7-11 to 11-14 million barrels.

Who knows what the actual recovery rate will be with water injection even with one water injector & only 2 Portland Wells.

Now 2 Portland Wells producing more than the original 3 with only 1 water injector well not 2.

That's a large upgrade but nothing positive from you as usual.

Something smells fresh & it's not fish!

Mirasol

I think that with the work that has been done in America for UKOG on reservoirs & flow there could be a marked difference once HH2 &HH3 are drilled & tested.

SS has stated that a CPR will be commissioned after HH2 & maybe HH3 with the Portland in full production.

Without this they can not raise finance against NAV reserves as the figures will not be available.

Development is needed for this site & other HH licence sites & other UKOG licences.

What do you think the Portland or Kimmeridge flow figures from HH1 will count for as the development takes place?

Penguins

All very academic but will not count for anything once HH2 & HH3 are drilled as they will need there own CPR for Portland production as HH1 will not be a Portland production well.

SS obviously playing his cards very close to his chest & you will not get the information you would like & your speculation is over something that will not even exist as HH1 will be transformed into a 2KM sidetrack of the Kimmeridge of which no CPR figures are available.

Squirty

Just as well you were not invested in Angus 16p down to 1.8p per share.

At least here thing seem to be coming to fruition which will give growth, profits & dividends for many years to come.

It seems that there are a number of posters missing from this board today ( Not that they are missed one iota) but certainly conspicuous by there absence.

Must be sat in a cold bath cooling there buts.

More to come imo.

I am looking forward to another great day on Monday onwards & upwards!

Handy111

It is very easy to get sucked in here so know your limits, always have a reserve & be prepared to go through tough periods that may mean being well underwater at times.

Many good times & many bad times have passed & hopefully we are getting to a crucial goal that will hopefully provide the a good profitable foundation for the HH licences, PEDL 234, & the Isle of White.

Ignored the trolls & good luck.

scratchthatlast

Union Jack were at 0.075 pre rig & are now just below 0.3 so a 4 bag with a 15% stake in the well 12billion shares & no oil.

I am sure there will be a little resistance with Sellers's pre CPR but this is going to be against a lot of good news hopefully.

I hope SS has a score to settle with the shorter's with there share conversions so let's see what his 'kahonas' are made of & make it good not just for the company but the shareholders as well.

Looking good at 1.075 close a good up day!

Lots more to come I think!

Even so 0.88p would be flat for the day!

StockVirgin82

Very funny as it opened at 0.88.

Another troll!

It could break the penny again before the close.

What for?

Has anyone costed this deal.
It looks very very good.

ocelot

I agree & as bad as the fears are over the convertable loan UKOG are in a very different place at the moment compared to last time with only half the amount eg. £5 million of the convertable loan of last time with lots of positive news to come from planning & drilling.

Hopefully SS will help the market believe in UKOG by taking up some options to show his belief in the progress.

We will not get even the Portland CPR before the planning for HH is complete but I hope it can come soon after & hopefully the loan can be paid off early.

Jaykay1

You make it sound like you are finally interested in a UKOG investment?

All you need to do is read all the UKOG information provided for your answer.

More smoke & mirrors Penguins!

Recoverable Portland oil connected at 30% was stated as 7-11 million barrel with a NAV of £150-180 million has now been upgraded to 11-14 million this will have a NAV of £165 -252 million if there are no further upgrades which gives UKOG £82.5-126 million with there 50%+ share not the £69 million figure that you use to misrepresent the facts!

Should UKOG produce this oil at $40 per barrel after costs as the operator that would give $440,000,000-560,000,000 or £366,666,667-466,666,667 million this being for the Portland at Horse Hill alone.