Member Info for wizard125

Justthoughtidsay

The irony of the situation is that Gun share price is half what it was this time last year.

Basil1717

For all that has been said with sales of % & UKOG shares issued for HH & IOW where are the TR1's for the over 3% holding of ukog stock?

DHC

Do you think its possible that with the controlling interest & being the operator at HH that UKOG could drill a sidetrack to extract oil from Holmwood from the HH site?

Ocelot

Hopefully by September being underwater at this level will be a thing of the past & we can look forward not back.

Zooropa

Thank you for finding & linking us up with the latest Fool article.

Out of the pieces that I have read from the fools at Motley. Richard Hargreaves has been the most positive although that is not saying much as they have generally not researched there pieces very well & have been mostly negative.

I think in writing this Richard has paid a visit to this board to gather some information.

That only leads me to my next questions as to when the article was researched? as some of it seems very out of date by stating that the oil price is $50 & giving revenue figures based on that price.

Although it is up to date enough to mention UKOG's purchase of Dorrimus shares but not that it gives UKOG more than 50% & controlling interest in Horse Hill as the operator.

He is kind enough to say that 'should' UKOG manage to get there production licence & produce 2000 BOPD then it would have a vale of £90-100 Million. What he fails again to mention is the success of the EWT & planning application for 6 wells at HH which is targeted to produce 3500 BOPD & if met would give a value on his reckoning of about £180 Million compared to his current valuation of about £8 million based on 200 BOPD of production at the moment.

This obviously gives no value to any prospective reserves.

He has also not reckoned with the presentation from UKOG for 9 future oil well drills & ongoing planning for 2019-20 once Horse Hill is in production.

This just goes to show you how at some stage the market will be playing catch up with what he describes as a buy a few for what may be a speculative investment later in the year.

Better times coming I think the tide is turning for LTH & we will at some stage the recognition we deserve.

GL all.

Querty59

You are I suppose partly right that they we not shipping in July & August!

The part bit is that they were not shipping oil from the Kimmeridge but they were shipping from the Portland.

Also if the data shows that the sandstone & limestones in the Weald in general are very susceptible to breaking down as in the comments about not injecting acid into the wells as it breaks down to sludge & blocks the flows.

Where does this leave us at Horse Hill with KL3 & Kl4 being a single layer though the Kimmeridge clays & there flow rates?

UKOG seem confident enough that they have or will find the solutions in as they are still buying up larger shares of HH & believe that they can recover a large percentage of the oil from HH.

It leaves a lot of questions with the data & the CPR to come but it should be worth the wait.

Newboy58

That is why Nicolas Mardon Taylor is there. IMO.

Rodders74

The big orders being filled by the market makers reducing the price to make investors want to buy the sells by Doriemus.

They will soon be gone.

Lots of good news to come then onwards & upwards.

I am not your mate Jaykay1.

I think you should sort your own share out before coming here trying to start petty squabbles!

Perforations sorry.

http://www.ukogplc.com/ul/Statement_Acidisation.pdf

This link on the UKOG website saying that there will be no asid injection into the well at Dunsfield apart from asidisation of the casing & perfections as the asid in the fractures will create a sludge blocking the natural oil flow.

It basically says this is what happened at Broadford Bridge & once it has happened the blockages can not be removed.

Hopefully a big lesson learnt for Dunsfold & the rest of the Weald development & successful return visit to Broadford Bridge.

Maybe this link should be posted on all AIM share boards with the request to sign it.

I am sure that there would be plenty more interest.

I'm looking forward to a great couple of years for UKOG.

GL

Well said Heid.

I had a few myself this morning. I don't think it will stay at this level for to much longer.

Lots of positive news to come imo.

Penguins

I would say 2*5 HGV movements per day is the same as 10 HGV movements per day.

I am unable to comment exactly as the well has not yet been drilled but as I have said this is now the centre of the Weald axis where it is predicted the oil will be at its best.

As I have said before I look for opportunities but you still have not said what your game is which may leave many thinking that you are looking for a price drop with your negativity not a balanced argument.

Oakleaf

There are many hissing with bitterness now can you imagine what they will have to say then?

DHC

From reading the presentation it looks like they will drill & test a vertical well as at HH initially.

It Is interesting that they think that they may need 5 ×2 way HGV's per day which is up to 1100 BOPD from a vertical well.

Imagine what the sidetrack well could flow when they get production testing permission before production.

Don't forget this is assumed to be the most mature & central part of the Weald.

So no pressure for SS then. Bring it on!

Ninvestor

I try to find positives where I can & look how negatives can be turned to positives!
I call it being constructive, not destructive.

Things can & do go wrong but I believe that UKOG has a proper plan & once they become self financing without the need for dilution the growth can really start.

I look forward to a successful planning meeting & further planned drills all bringing revenue for future development & the HH CPR for reserves, asset value & security.

Pboo

I am looking forward to seeing the pictures & having the updates first hand.
Keep up the great work.

Penguins

Always stirring the pot!
This time for what may be simple work overs or we'll maintainance.

What you negate to mention is the 150 tankers will 220 barrels of oil that have left Horse hill.

Your usual underhand posting for your own agenda?