Member Info for wizard125

Penguins

I can agree with you that owning a option is not the same as owning a share.

But I can not agree with having sacrificed a large piece of salary for options to buy shares at a discount based on results at a later stage that he does have a vested interest in the success of UKOG or skin in the game.

Penguins

Are you telling me that should the 6 sidetrack wells which are yet to be drilled produce more than 16 tankers a day that the flow rate would be restricted?

The question for me is what remedial action will be taken.

Some believe the pipeline is already at the fence (See Tony on Twitters photos) or planning will be sought to allow more tankers if needed.

Sageman. Re- 20.56 post.

SS has said that the share price is unimportant until we get into production.

The nay sayers jump on this with glee. This is not a short term ride apart from day traders.

The SP will be interesting before we enter 2020 & more so as we enter 2021 IMO.

Oh that's good Penguins now has a grip & now realizes that with the average it could be 20 tankers a day for the first 2 months reducing to 16 tankers a day for the next 2 months as these numbers are averaged on a piece of paper without all the tests being complete & analyzed.

But one thing is certain the usual negative spin for which he is famous.

That includes 17 tankers from the Portland.

Maybe close Heid but 'uncle' may want to wait for 100 tankers of Kimmeridge oil!

Now the Brockham flows it adds value to all of UKOG's PEDL 234 licence of BB, Godley Bridge & further sites never mind the IOW.

SS has already said HH Portland £150-200 million Kimmeridge value £15-18 per barrel in the ground.

If BP offered 17p per share they must still see value for money at that price.

So what is it worth?

Without a proper CPR who knows?

Phil

Is that 10p offer for HH or UKOG?

Oktane

I will give have a good holding in UKOG but could only wish for skin in the game like SS.

What people also forget is that as a investor with this sort of investment we would look to diversify the cash.

This is 100% A UKOG investment.

If after a commingled of KL3&4 could we see another planning application to add a second sidetrack to each of the 4 Kimmeridge production Wells thus doubling the production from each bore?

Vernony

I hope so but we may have to wait for the CPR to know the oil in place in the Kimmeridge & connected oil at HH.

We will hopefully find out from this EWT data where the other sites need to be in the licence area to best connect to sweet spots to extract the maximum from the 10 billion barrels of oil in place in the HH licence area.

Tony13579

I think that Heid may be slightly out in her RNS prediction but not by much unless we get a convoy here or the tanks are full & just need exporting.

Here is why.

I think 17 of the 106 × 220 barrel oil tankers were from the Portland which would leave 89 from the Kimmeridge so far & I think SS will want to hit the market headlines not with 100 egg cups from the Kimmeridge but 100 × 220 barrel oil tankers from this EWT.

Obviously this does not count the oil produced from the 2016 flow tests but this week is a distinct possibility for a massive RNS.

IMO.

RNS sorry.

I'm looking forward to the RSN.

GL.

Cheryl

The post that I refered to does not seem to be there.

The price played to UKOG is what is called the spot price & is what it is the price paid on the spot at the time of delivery not a pre-contracted price.

The point that I was making is that you come on here with your know it all attitude not being invested, bolshy & rude to members & long term holders without any basic knowledge or understanding.

Q. Why then do you think that you get the responses that you think are insults?

A. Maybe from some getting what you deserve?

Wasred

I think he is still reading the investment books recommended for him by the Hurricane board members but reading & understanding are two different things.

He will learn in time what he has lost out on. I can wait with no worries.

Cheryl

The oil price answer was in the previous posts after you asked your question but maybe you are not experienced enough to understand the answer.

I will take all your other posts as having a similar level of knowledge & understanding % of this industry. eg. absolute 0%

This could also be used as part of a compilation video of nature & oil production working in harmony for planning meetings or if the protesters try to challenge the injunction again as they are the rubbish in the middle as previous videos & pictures have shown with the camps like rubbish tips.