Member Info for wizard125

Don't forget the sidetrack that can be drilled to make it the real Gatwick Gusher.

A1 That is part of my issue and I think the markets worry. Maybe it is a question of timing and exchange rates but I believe that Lloyd's should be looking for expansion beyond Britain. We will have a stronger base in Europe shortly why was it not announced that we would look to grow a network from that base. This seems a very underdeveloped part of Lloyd's business which as interest rates start to rise in the EU could become very profitable.

The 27.5k buy was a switch from Angus shares to UKOG. Maybe better news expected on new licences for UKOG from OGA tomorrow in the new licence round.

Tomorrow the OGA announces the 30th round of licences. Does anyone think there could be any surprises from UKOG?

SUFC I am begin to think that AHO does not have the vision to take Lloyd's to £1. I think that the 3 year review to digitalisation will be helpful and was necessary but I am not sure where the revenue & profits growth is going to come from. A positive outcome to EU negotiations will help as will an end to PPI but AHO is not instrumental in these and does not seem to be providing a strong leadership of where we are going in the future. I feel as if we are drifting and need a direction. Where is it?

Were test results for HH flows not approved by the OGA.?

Wires Do you work for nothing?

Wires If that is what you believe then I suggest that you go and read the RSN's.

Jiffy I understand and have emailed CEO's of companies with what I thought were relevant questions for them to answer to no avail. If they have no choice legally it will be in a RSN. We do not have to like it but we know the alternative.

Ocelot As I understand the finance agreement. If conversions to shares do not take place the remaining capital amount will have to be repaid in 2019 but this would be without interest.

Wiresphil How would you have any idea of what SS has been doing for the last 2 months. Does he have to report to you? I don't think so. Hopefully it will have been a very constructive period of putting things in place for UKOG's future that will benefit all shareholders going forward. He made clear at the AGM that he will let you know through a RSN when there is something to say. eg. - The injunction. Sorting the 2 new drill sites and planning applications for future drill sites in 2019. Discussions on future funding. Analysing BB results and feedback from America. Setting up & overseeing HH. I am sure that he will be putting in place a rolling program for development but I think the flow test results will be crucial to how this will play out. Even with the results of the flow tests of HH they will be able to improve on them with the drilling of the additional sidetrack for which they already have permission unlike with BB unfortunately. This is all forward planning and information that is in the public domain communicated by RSN GLA I am sure the flow tests will begin soon a little patience is needed.

Scandic While I agree the time for things to happen is difficult in silence. When things are said they are analysed, distorted and called ramping by company officers. Also said that company should not be trusted on information given in good faith. What should SS do when faced with charges of bringing the company into disrepute by giving statement of fact?

Yesterday's Lloyd's share buyback total 11,709,940. Keep them coming.

Did someone not think in March that they may of found gas at BB when the flare stack was up during the flow tests?

Penguins Thanks for your reply I had written that 15% from what I had remembered from an article about OIP and recoverable oil that I had read if It is not totally accurate thank you for the update. I see that the Ministerial statement only covers gas at this stage this maybe due to political sensitivity and the North, South divide.

Maybe the Ministerial statement gives a new dimension to BB "OF NATIONAL SIGNIFICANCE" SS May of known of government changes long ago. Let's see what he can do with them. They will all help his options.

Evenolder Very astute But your statement does not include the statement that 15% is recoverable. This 15% is based on current technology and law. Who knows what the future holds?

Gerry I agree with almost everything. The only query I have is if SS will publish interim figures at the end of June as we had to wait until the end of March for last years final results?

Chaebol I will be happy to pick up your 19k. Gla

Chaebol On what grounds is it going to be refused? Are you 1. Just a doubting Thomas Or 2. Someone who likes winging & feeling sorry for themselves. Please let us know. A little positive mental attitude goes a long way. Give it time if it has not come in a couple of weeks as there is no big rig set up I would be a bit more concerned.