Member Info for wizard125

Penguins

Godley Bridge is a Portland gas discovery in PEDL234.

Penguins

Godley Bridge is a Portland gas discovery in PEDL234.

Starbright

3 Wells 5p per share.

3 Portland Wells & 6 Kimmeridge Wells at HH minimum 15p per share in 2020 & the return to PEDL234 for 2 well drills & BB sidetrack +Isle of White drills all with permits by then.

Penguins

Maybe Tellurian will take a share of Godley Bridge at some stage in exchange for there 35% of HH as they are predominantly a gas company not an oil company despite Total holding a share in them.

Sorry Rodders74

But I think you missed a key bit of information as well.

More good news though costs reduced to $17-20 per barrel not $20 every little helps!

Argus1

I find it strange that even Rupert Hargreaves is writing that UKOG only has a 50\50 chance of success when there are 2 commercial declarations, cash in the bank & the 2/3 commercial will give reserves with ongoing cash flow.

This is either ignoring the facts or shoddy journalism or a scam.

Argus1

They are ignoring that revenues will continue this year & next with EWT & production testing revenues.

They are also not taking into account the 2 commercial declarations that will give UKOG oil reserves when the CPR is published.

They are also not taking into account the £12.5million funds raised in the Summer of 2018 for the 2019 work schedule.

It will be interesting to see the reaction when the 2017\18 figures to the end of September are released.

There is at least 1 great opportunity out there in my opinion waiting to be snapped up with 100% ownership available.

But I don't believe it will happen until they have returned to BB & it is successful.

You must mean Boyzee & piejoe what a pair both here to have a laugh & ridicule a sound investment.

The truth will out nothing comes from nothing & UKOG may have had to build from a very low level & despite some difficulties & set backs it will will find an excellent future IMO.

Slowroll

I'm not sure that I should do your homework for you.

Maybe you should read & make up you own mind & invest or not.

This is AIM it is said to buy on rumour & sell on news!

You pay your money & you take your chance.

It is certainly a fact that UKOG will of investigated the problems at BB to go back.

The report was from Fool News on Twitter a while ago so make up your own mind UKOG certainly have plans to return to BB see the presentation.

Boyzee

Still spreading the manure

If you were to read the RNS, digest & understand the facts you may be able to hold an informed conversation about UKOG including its finances but with your I'll informed drivel you have no credibility.

You & your swing friends must be a little sick at present with the 30% sp drop at Hurricane.

HopenPray

It is a scenario that we all want.

Once we have the commercial declarations the next most important document will be the CPR as it will give the vital information about the oil in place, if KL3&4 are connected & the latest information on the predicted recoverable resources which we are all hoping for a large upgrade after DL's comment, I don't think its tight at all.

This will give information to give a realistic value based on the information available.

Until this is done the market can not truly value the site & as SS said the Kimmeridge is not priced into the share price.

Ocelot

Actually BB is scheduled for the third quarter of 2020 in the presentation my mistake but it was defiantly said here & by FOTH about the problems at BB.

Ocelot

As I understand from reading here & twitter the result the came back from America with the reasons of the pores closing up on the pressure drawdown not allowing the oil to flow.

The comments were that they had quite a simple remedy for the problem.

I presume that is why they got the extension for the licence at BB & it is top of the list in the work schedule for 2020 in the presentation after the work at HH ahead of Godley Bridge & the other site which has so far not been named.

Planning is scheduled for the Spring of 2019 in the presentation.

Swing! swing! Swing! Swing!

Having listened to all your views over the last 9 months I have had to conclude that you have less credibility than SS.

The facts speak for themselves 2 layers commercial No.3 on the way before a commingled KL3&4 flow test taking us through the spudding of HH2 & the sidetrack & more EWT from the new wells. Providing new funds for the development of HH 3,4,5 & 6 on top of the minimum of £12.5 million already in the bank.

It was originally stated that if we were to go back to BB it would be after 2 further wells in PEDL 234.

That is now not the case & BB is top of the list for 2020 development after the planning drilling & production at HH.

It would have been so easy to lose BB quietly after 2 successful wells in PEDL 234 but as you can see that will not happen now & I look forward to a successful outcome.

It is not a perfect world, things do go wrong they believe that they have found the problem & it can be rectified.

What we hopefully have to look forward to is 20+ years of oil production from BB & many more wells on the 100% owned PEDL234 licence & the Isle of White.

Sageman

I agree 100% with what you say about UKOG & SS.

I don't believe he is lying even although the market has not wanted believed it.

What we do not know is why the French brothers bought in & exited so quickly.

This I think has caused a great deal of the crisis of confidence IMO.

Maybe it was the lack of infrastructure that UKOG has to run its operations & the funding it needed to make it a reality but that was there lack of due diligence not UKOG's.

The market was always sceptical that there was oil that could be produced from under Gatwick airport, the densely populated South East & what support it would have from local authorities & National Government.

Thing seem to be changing for the better IMO. but Rome wasn't built in a day & the infrastructure to make this happen & to fulfill the growth potential will take some ongoing investment & time unless a white knight appears for a farm in or comes with a offer that is to good to refuse.

Lots of potential all ways including with UKOG as producer, I look forward to KL4 results & the CPR which will be the foundation to build the UKOG empire.

Tankers could be like yoyo's back & forward today if Rodders is right they will need an early start.

I think they will want to keep the tanks empty ready for the weekend unless they need to do a pressure test.

Baz12345

We have to read your rubbish ever day so leave others alone to post what they like.

There is a filter button if you don't want to read it.

Another clue to the rail link could have been DL big business return from Australia & the picture of the KL3 oil bottle on the Gatwick express train.

Time will tell!

Maybe Tony, Pete or FOTH can tell us about near by rail links that could be used or extended to move oil out from around HH?

HATS

I took that a a forward looking statement from SS a little cryptic possibly but the train, the next station may not be built yet a a interesting destination ( near to HH) & getting fuller (filling up stop) may be a clue to how all the oil will be removed from HH.