Member Info for wizard125

Brocal53

I think that there may be a few surprised about that very subject this year.

No wonder there is no news SS would not want them to have a penny more than due with there level of support time to say good bye to Solo.

Good to see Penylan's comments gone.

jptop7

Maybe we should consider making the £ the oil price value currency with Brent crude heading where it is heading & UKOG' s 40 + crude oil at a premium.

I hope Rodders74 has seen this news he will be over the rig with joy.

All great news for cashflow so I won't mind paying a little more at the fuel pumps especially when 1000 or 2000 or 3000 or 4000 or 5000 BPPD or more bring it on SS.

I'm not sure I'd like to see a day when Heid isn't smiling.

I can imagine head's banging.

Brocal53

Maybe you should take this up at the AGM & get a improvement in communication & investor relations resolution passed.

I believe this would be beneficial for the share price & help attract institutional investors who will expect responses to question for the interests that they hold.

AS you see with this issue actions speak louder than words.

Well done Sting69

I hope you told them that the Wells would not be washed out with asid inside apart from the casing which some call asid fracking as stated in the notes from Dunsfold.

I'm glad BB is now behind us & look forward to better news & lots of growth to come.

Zoom

Did SS not say he was looking for a partner?
Although he did not say WHO.

UKOG & the directors have many connections in Houston Texas home of Tellurian since 2016.

Is it any coincidence?

Ninetails

Maybe but planning in the logistics at an early stage is crusually important when there is so much underlying oil & transport & tanker movements have the potential to impead or derail the projects.

Zoom

Does it sound a interesting partner to have in the Weald development with there background in gas & the Portland gas at Godley Bridge?

Thanks Zoom

But are Tellurian with there 35% of the licence a pipeline company as well.

Jerrmiha

If you read my post of last night at 9 pm you will have my point & all the figures.

Martc

Maybe the one that is in the planning consultation.

No fracking needed in the Weald.

The oil flows through the natural fractures.

The CPR is awaited from the EWT flow tests with 2 Wells planned to drill from April which are 2 of 9 drills planned over the next 18 months by UKOG.

Penguins

I thought you we going to wait for the CPR for you info?

Mick2

You are correct SS comments HH Portland value £150-200 million. I'm not sure if he put a value on the Kimmeridge at HH & each additional site £100 million.

Cyan2

100 million barrels recoverable at HH would be less than 1% recoverable of the 11 billion barrels independently audited to be at HH.

Cyan2

Gossip & jealousy does non become you!

SS quote 1 maybe 2 Which farms.

But never mind SS.

Independently audited the Weald has 130 billion barrels with the HH licence holding 11 billion barrels & what may be considered negative & something to jump on by you is the recoverability.

That is what the EWT is all about.

The reason that amount of oil is where it is, because it has not moved from where it was made.

You were here last year with your picking over the bones mentality there is not so much to pick this year after becoming a operating company, the 3 commercial layers at HH & 3 planning applications going in for 9 wells being drilled in the next 2 years. All with lots of as yes untouched acreage under UKOG's belt.

Just a quick question for anyone who cares to answer.

What share price does UKOG's 50% share of HH valued at £11 billion give UKOG with 5.8 billion shares?

Answer IMO not just a £1 party but?

BOS

I personally think we will see a good upgrade of the 11 billion barrels of oil at the HH licence this I believe to be due to the interconnectivity of the layers through the kimmeridge clays to about 15 billion barrels of oil.

As far as the recoverability with what has been announced with working together with the Texas based company to improve the flow rates & SS comments I believe we will be looking at about 10% recoverable from the kimmeridge at this stage but technological advances will continue to improve over the next 20-30 years so will likely be more in time imo.

On that basis 1,500,000,000 barrel of oil recoverable.

Over 750,000,000 barrels to UKOG on a value basis of £15 per barrel in the ground values the HH licence for UKOG's 50% share at about £11 billion that does not take consideration of any of the other licence interests IOW, PEDL234, Holmwood etc.

For me it is quite strange how quiet the whole Weald has gone with nothing really happening at Brocham /Balcombe & a finance man from the city like our Lord Lucan has been drafted in by a supposed boardroom ousting & DL quietly moving from position of power in the Weald.

Time will tell, patience is a virtue.