Member Info for wizard125

Hikeaholic

Common sence would say to take some profits but I think this has a way to run in its currant up cycle.

Especially with 1\2 or 3 commercial declarations to come.

HH is not 100% owned by UKOG but has the second HH2 well to drill & a sidetrack.

Two new 100% owned well sites to come and the Isle of White I think there is lots of opportunity over the next 12 months especially with good flows enabling production which will reduce the need for finance.

Hence my earlier question about what UKOG would do if the K's do not flow.

fudgerella30

Under this scenario do you think UKOG would be taken over or just sell HHDL

Or

The other scenario is UKOG buying out its other partners as it becomes a production company.

trbw

The board is for all members.

It is not important if you like or agree with any of the conversations that go on here.

If you do not want to be part of certain peoples conversations all you have to do is filter and not be aggressive.

Have a great day.

Ifonly1

Actually yes I was there is no denying that it is unsettling and we all have to weigh up our risk reward ratio.

My thoughts were in for a penny in for a pound.

The point was that HH flow tests were funded & funding had been raised for next years development.

I did not believe the company would go bust at that stage having read the previous accounts but you can never be 100% sure.

It is certainly a relief to be at this stage such a short period later. It has been a difficult period of late.

I am in far more than I wanted or expected with the averaging down. The big question now is the exiting strategy it has many potentials on many levels. All in my SIPP for retirement. Not sure what to hold and sell short medium & long term. What a problem. Good luck to all holders.

Hi Sting Sorry my typing finger is not good on this phone. Glad to hear your still here and added more. There are some nasty posters and it does not help when people are well under water as I was also at least we have turned a corner now from about £35k down to £40k up in a matter of days with a average of about 1.48p. The future is bright the future is UKOG. Lets keep the show on the road.

Heid Looking forward to 3p. Have you any idea what happened to String? With all the excitement will you just be sticking with tea or do you plan to celebrate?

One thing with D. L not being part of UKOG is he is now able to make a lot more money out of it from his shares and not declare it if he does not want to. He will likely make more than SS long term.

I think the SP will continue to rise. One of my key queries is if the Portland is commercial but the K's are not why would UKOG not drill HH2 & sidetrack and have both wells and the sidetrack producing from the Portland? It may not be the desired outcome with 900 & 400 BOPD having flowed from the K's in previous tests but it would raise the production levels and income when the K's are not commercial? Does anyone know what level of flow is required to make the K's commercial?

Boyzee

I am hoping this is only going one way for a while with the risk I have taken. Time will tell.

Be carefully in Gregg's it sounds like swampy is about!

Should the scenario come to be and the Portland is commercial but the upper & lower kimmeridge are not

Does anyone think UKOG will drill a sidetrack in HH1 & put HH1 into immediate production of the Portland without drilling HH2 subject to production planning permission.

The funds are now available to ukog from its latest fund raise as future fundraising may be more difficult without the Kimmeridge being commercial.

This will leave additional resources from not drilling the HH 2 well & whatever revenues are available from the oil produced from the Portland to fund development.

Luckyman

They have not drilled out the 3 layer cement plugs yet ready to flow the layers yet.

It seems the ground is getting impatient, it is ready to gush the oil IMO.

Has anyone seen Boyzee?

I wander if the Times reporter dare to print that or do the same. I doubt he has the courage or conviction to do either?

Interim figures likely first before the end of the week.

Was that the shorters?

Johnny

An interesting report!

Now you can you can see what all the swampy fuss is about with fracking at BB with drill depths of 1200-1700meters from surface equating to 950-1200 vertical depth maybe they will eventually look to track BB with the drill depths well over 1000 meters.

Time will tell Buny!

Things can change very quickly here if you had not noticed.

Be careful not to miss the boat, commitment takes courage and a faint heart never won a fair maiden.

GL to all invested.

If we go into production how may day of the year would we be allowed to produce and are there closure periods to take into consideration?

Rose well

Let's hope we don't have any problems at HH like we had at BB.

Firstly there is more time here and there are also planning permissions &funding in place for a sidetrack and second well.

After that it is the 2 new well sights etc or return to BB. OR Arrinton