Member Info for wizard125

I'm do not believe that hence my investment in UKOG & posting on this BB.

As you are no longer invested here.

Why are you posting here & not there apart from looking the fool?

I presume that was from the ladybird book on investing provided by the Hurricane board.

Ifonly1

I see more downside than upside with Hurricane.

GL

Ocelot

I know but as the article states the planning application for the new wells in PEDL234 will be made in the third quarter ready for drilling in 2019.

Has the application been made or when will it be made?

I think the end of September is the end of UKOG's financial year.

Ifonly1

Not Hurricane as the share price is likely to fall heavily.

DHC

That is great talk.

It states that a planning application will be made in the third quarter for drilling in 2019.

It has not yet been reported so I hope that it is more than just words as actions speak louder than words.

Results will bring cash flow & that is what UKOG needs right now to prevent more dilution for long suffering investors.

Sarir

I thought that they would be re-doing the maximum flow rate test as it was restricted by the old pump & this was the point of changing from the old to new pump.

But I could be wrong?

Its great to have all these tankers and news but I hope we will also hear news of the planning applications for drilling the 2 new 100% owned wells & sites in PEDL 234 planned for 2019 & the Isle of White.

I hope this does not get dragged out to 2020 or later, the cash is in the bank

avocet123

I am not sure what you credentials are but people in the oil business (Gunny, Prim& Solo) are happy to back UKOG at these prices / market cap.

What do you think that you know that they don't?

Now they come 2×2 after 2 days with the higher pump speed.

It's a gushing!

GunnyHighway

Re. Our posts 1048 & 11.24 am Thursday.

I think you have missed a few things:

1. UKOG own 100% of the PEDL234 licence in which BB is located.

2. UKOG has stated that BB was successful even though the flow was likely not commercial at present, but it stated that it proved the concept of 30 miles of continuous oil from HH approx 47% owned to BB in 100% owned licence PEDL234 North to South.

3. UKOG announced that it will source & drill 2 new wells subject to planning in its 100% owned PEDL234 & likely return to BB to drill a sidetrack in 2019.

I am sure the 2 new well sites will not be on the 30 miles boundary and are planned for the deepest most mature part of the PEDL234 licence to hopefully hit one or two sweet spots.

With UKOG now controlling nearly 50% of the HH licence it now has almost total control over the two licences but will only have 47% of the oil revenues from HH, not the 100% it would get from any wells in its PEDL234.

Puta

That may be true but DL also knows this and will bide his time for his best advantage.

When HH is declared commercial, 2 new 100% owned wells are are drilled & flowed commercially and BB flow is commercial?

Does anyone think this is the last acquisition that we will see from HHDL or is there more buy outs of Alba or Dorrimus to come.

That would leave UKOG with a partner of Telurian unless it could raise the finance to buy them out giving UKOG 100% ownership of the 30 miles concept running to BB.

This may be a possibility if the oil flows well from the Kimmeridge & the banks will lend or would mean considerable dilution.

Looks as if Hurricane has past it's best.

Probably why you spend so much time here Jaykay1

Looks like you have many lessons to learn.

Johnny B. Goode.

Re. 20.38 post.

I am not sure we will see a RNS until the latter end of next week as there are probably tests to do in the week with the new pump. Which would likely take us into September.

I am not sure what you expect SS to say about the perforations, ( more perforations / more oil flow) maybe but I am sure actions will speak louder than words.

E.g. commercial or likely not commercial.

As a pi, I do not invest in UKOG because of the brilliant pictures on Twitter.

They are very helpful to see and know what is going on at HH, which makes it a very real investment that is brought into your own home.

I don't know of any other share that currently offers this but we are all great full to the three musketeer's (Adrian, Pete & Tony) who are able to provide the information that they do.

Argus1

Does that sound like that oil only came out as part of the well clean up after the new pump was fitted & the kill fluids were removed?

BBQ time is coming to a short near you shortly.

The future is bright the future is UKOG.

a BIG thank you to all eyes on the ground.

99.9999% appreciate all your efforts in supporting UKOG shareholders.

One of the advantages of having a bigger pump to help make HH commercial is that it should reduce costs & make the well more profitable.

Not just bigger numbers for bigger glory!

DL

Believes there is potentially even more oil in the untested Kimmeridge clays at HH