Member Info for wizard125

Ukog share price:

8 June 2018 - 0.95p -that is the 52 week low

2 July 2018 - 2.85p - that is the 52 week high.

What is going to happen this year.

Planning is still scheduled for the end of June so will we see some movement this month?

Those who think that this is a bottom draw share obviously have not done there research.

I understand that UKOG intend to be producing from all 6 wells within 2 years at HH.

IMO. That is if 6 wells are needed to produce 3500BOPD with the lengths of the pay zones within the sidetracks?

what we also need to take into account is how the other sites within the HH licence will be developed.

I hope our NED. is working hard so that when the CPR drops the figures for NPV brings forward alternative finance options to 'Spare no effort to bring HH & its sites into production'

SS promised growth & NPV funding to prevent shareholder dilution as he also said UKOG usually deliver despite you sometimes having to wander if finances are ok but shareholders should be happy with what they are sitting on as the oil buisness takes time to turn it around.

Penguins

You may be right but until the rig contract with its options is put on the table we will not know the plans.

Mrcautious

PR as you say is very important.

Unfortunately this is the oil & gas industry & it seems that the best laid plans are always delayed.

We have known about planning & needing the rig for a long time.

We can only speculate at the delays.

Rig pre assigned to UJO or the timeframes needed to drill 2 - 7 wells didn't fit with the rig supplier as if planning is granted at HH UKOG may need this drilling rig consecutively for the 7 HH Wells, Arreton, Godley Bridge & the sidetrack on the revisit to BB unless another suitable rig can be sourced.

Lots going on in the next 18 months & the PR is there in the presentation.

Good thinking & great picture Adrian.

Have a great holiday.

Very well deserved!

Thanks Heid

I'm happy enough sat on a beautiful balcony overlooking the sunny hills & valleys with a large G&T.

Still another week & a half till I go back to work!

Just relaxing & waiting for what we know is coming & will enjoy the upswing when it comes.

Heid

I'll give you a hour with uncle.

Please take him by his hand & lead him through the streets of Horse Hill to our rig & show him how it should be working by now.

I hope you have a lot of fun!

Heid

BTW. congratulations on your profits.

Underwater at the moment but 1.35p is breakeven.

So looking forward to news & some profits.

Unfortunately I held through last year when I should have taken some profits but we live & learn!

Heid

I know that you were interested at 1.35p. I was not sure oif you dipped your toe in then as I did.

I personally see alot more upside over the next few months with a small tempory downside risk of waiting.

Hopefully planning will go well.

I am not sure on your other options?

The CPR is the other big news to come but when?

That could blow the bl..dy doors off when it drops!

But patience needed.

I think that they are in hibernation!

I think that everyone will wake up fairly quickly once things start to move.

Sentiment was stirred by rumour this morning & everyone knows it's coming.

The patience is waring thin with the stress that will give way to the expectation & exitment of the coming rig & new sidetracks!

GL.

Ninetails

If the value of UKOG 's 50% share of HH is £225-500million NPV once the CPR is released will you be saying that no value has been added.

Furthermore will you be saying that the Weald consept of natural fracturing is unlikely to be replicated accross PEDL 143, 234 & the IOW licences?

Well said goldforefinger.

What seems to be being forgotten here is what was stated long ago by SS as what he wants to achieve with UKOG.

That was that UKOG becomes a mid cap ie. FTSE250 company.

These are the stated aims of the BOD they have stated that they have a growth plan to achieve that objective.

Should you not be happy with that or think that then maybe this is not the right investment for you.

Not that you should change the way the company is run as you do not like what is done at certain points.

Unfortunately we do not have the information or for sight of the BOD.

This does leave us in there hands but it is how it is for the moment.

Investments should be considered on a time basis as well.

Great post Rusty8

Jason

SS has said 4-8 sites of 6 wells on the HH licences with a value of £100 million per site + the Portland which is currently valued at £150-180 million but could well be upgraded after the latest tests.

For the Portland only 3 wells were earmarked, leaving 21- 45 wells for the Kimmeridge.

Warik

There are many out there at the moment underwater and many of them in a worse position than you.

UKOG as you can see has a great deal of volatility.

It can be a bit stressful especially as I think we are at the bottom of the cycle.

We were at this point last year until the upswing that you bought into.

Time will tell but when it's up it's up & when it's down it's down.

Money is made & lost in between.

GL.

Warik

You open a investment ISA or SIPP with the company & they hold yours shares for you.

You can buy & sell as you wish but would need a letter from them to go to the AGM to get in & vote.

Let's see if Drill or Drop will write Appeal or not.

No Appeal!

Goldforefinger

I like your thinking.

Have you any idea how long it will take to drill HH2 & HH1-Y not including the testing period & also HH3 - 6 if these 4 well cellars are not drilled?

It was origanally stated that UKOG wanted them all drilled & producing within 2 years.

I am glad that someone is now getting the point about the perforations length in the sidetrack & how it connects with the oil.

Hence the question how high could the flow rates go on HH2?