Your post suggests that you believe that you are far superior to other posters here which backs up my previous post in that you couldn't cut the mustard on the BP chat board hence your 160 posts on the UKOG chatboard in 30 days?
What you seem to be saying is we should take all posts here with the biggest pinch of salt and say thank you for the entertainment including your own, as only the company has the true facts if they were to release them and the rest is either speculation or in some cases a educated guess.
We still seem to have the eggcup of of brigade here.
While thing are still progressing at HH with waiting for the EA permits, water injection and the outcome of the Sarah Finch case. We still have oil production which is all the better for a higher oil price.
In the meantime we will have a water injection well which would have been needed to be drilled anyway in the early stages to increase oil recovery long term.
I'm sure in the last period some of the void in the reservoir has been replaced by water through the natural fracture system so will have longer term benifits.
I'm looking forward to the next chapters in Horse Hills future it is a time consuming process going though all the regulation but there is light at the end of the tunnel for those that want to see.
Good luck to all those shareholders who have been through a difficult time like me over the last couple of years. I look forward to 20 years of oil production with higher production rates from future development and higher oil prices which are inevitable due to the lack of investment in exploration and production and the transition away from fossil fuels.
Food for thought but what will local currency buy from one country to another? $1,000,000.00 = 13,353,000.00 Turkish Lira $1,000,000.00 = £740,600.00 £1,000,000.00 = 17,879,600.00 Turkish Lira
While I see Rodders must still be bitter from selling his much adviertised purchase of £100,000 of UKOG shares to top up his existing holding at about 1.30, others will hold and ride out the ups and downs while others will claim to be victorious traders which may be true or just pure fantasy!
You also have a early stage water injection well subject to EA permit which was stated as benificial to increase Portland oil recovery. If not Maybe the well will be reporposed who knows time will tell.
It seems a long road but once settled HH offers as fully permitted site ready to drill and to that extent offers good value for future development without all the initial costs and having put out large sums of money and time for establishment as we have already been through that process.
What we need to see is a improvements in oil production levels and revinues to make it more sustainable and viable for further development.
It will be interesting to see if this can be done more organically in the future. Let's hope so!
I believe Steve Sandersons bonus was Paid for the successful completion of the HH EWT and the 20 year production permit from Surrey county council which in the period the company also upped it's share of the Horse Hill licence from 32% to almost 86%.
This permit from Surrey county council is still the subject of a legal challenge in the court of appeal and the resource and recoverable figures have not yet been released.
I look forward to the return to Horse Hill for the water injection to be completed and HH3 drilling hopefully a Kimmeridge sidetrack well.
All of the directors are due a options based bonus in May of 2020 but the exercisable options price is 1.15p
I know that UKOG's share price can change very quickly and it would be great to see the share price well above that price to make it an attractive proposition for all of the he directors but youhave to be in it to win it.
The directors have to get the share price to a significant premium or lose the options and bonus which would mean feeling some of the pain that some shareholders currently feel. ( Obviously unlike yourself Skwizz )
RE: Tankers are moving (Part 1) Video10 Jan 2022 15:57
Good to see two oil tanker videos leaving Horse Hill this morning.
The lack of any water tankers videos hopefully indicates that the water injector has been fitted and is successful. This may be a reason for optimism of higher oil production figures to follow.
We know it does not conflict with national policy otherwise it would not have been recommended to the planning committee on two occasions. That leaves that it is of national importance.
It also leaves the IOW in the same position especially as from the IOW want the application called In by tHe secretary of State.
Hopefully they have shot themselves in the foot an time and money will be saved in having to appeal that application also with presidents having been set.