Member Info for wizard125

Things would heat up very quickly if he also called in the IOW council planning decision especially as both were recommended for approval by the council planning officer.

The Loxley decision could be decided sooner rather than later if it is considered of National importance or National security and if it is things may move faster than many had thought possible

https://www.aol.co.uk/truss-condemns-russian-aggression-ahead-141421950.html

Food for thought!

HH1AN2

Great news and hopefully more to come with reduced costs as well.

I can't see BP doubling its oil production in one month though.

Can anyone else?

Smitty12

Below are the company update RNS the rest is positive and negative speculation.

Good luck!

https://www.lse.co.uk/rns/UKOG/

OneonOne

What were you trying to tell us on Twitter that there have been two swampy camp evictions.

Dunsfold and Horse Hill?

zyx098

It looks like things are set to get worse, below is a article about Mexico ending oil exports in 2023 but I don't think that they will be the last country to do so by a long shot.

It will be in the UK interest to protect and develop its indigenous supplies in the transition to net zero to avoid higher prices and the disruption of blackouts and not being able to supply consumers and industry.

https://oilprice.com/Latest-Energy-News/World-News/Mexico-To-End-Oil-Exports-In-2023.html

Penguins

Do yourself a favour and let the bitterness go, life is to short.

Hissssssssssss

Grey seals

Are you trying to make up with the site manager Frosty by putting Frosty the snowman at the top of your Twitter page?

If the world oil Major's are no longer going to develop and produce new oil and gas what is going to happen to the prices while it is still needed with supplies becoming tighter and tighter?

https://www.thisismoney.co.uk/money/markets/article-10350679/Big-Oil-shuns-new-investment-UK-rocked-soaring-energy-prices.html

GreySeals

I know no more than anyone else but my rational on these changes with the Finch case out of the way, the EA permit and Loxley granted is more positive moving forward.

My thought is more time for directors leading on exploration and development especially if HH1 is now producing more oil and water injection raises it further so finance doesn't require a directors role as it has previously.

I seem to remember HH net asset value was calculated at £15-18 per barrel with a oil price of $70 which we are currently 15% above.

Hopefully a positive year with many changes I think that we are due a good year after the last few but we will see.

I'm sure the regular crew will be along shortly to rip this opinion to pieces
but only what we are used to, Hey ho the merry old souls!

Gl to all those who stayed strong.

Sageman

That looks unlikely, maybe you missed the RNS.

https://www.lse.co.uk/rns/UKOG/board-and-management-changes-i718ftkmz79jg5m.html

Mirasol

My comment was It would be even better to see a unexpected major 'share purchase' as described also.

Can you say that you would not like to see an additional unexpected share purchase from a director which could follow.

I would certainly be happy for all of the directors to buy there share options at 1.15p next May unless they are all going to let them lapse.

I would describe that as a major and unexpected share purchase on the information and current share price that we have at this time and the RNS statement of directors not being prevented to make additional share purchases as they participate in the directors share purchase scheme.

No lie intended but don't let that get in the way of your grievance!

Mirasol

Maybe you can get your cristal ball out also, not just a search of the past the comment was forward looking but maybe you do not understand the concept?

Ibug

I am free to post my opinion and if you don't like or agree you are free to filter me as you wish.

You do not have to agree or even understand where I am coming from with my posts but that does not make them any the less relevant.

Time will tell and unless you have a cristal ball for the issues that you seem to try to talk with authority over you know no more than anyone else just your speculation and trying to joint dots that may or not be relevant.

Ocelot

Thank you.

There are as I'm sure you are aware a number of posters on this site who like to jump on anyone posting and any opinion that they do not share and try to rip them apart.

All very sad in my opinion but they obviously have nothing better to do which is even sadder!

Great to see you two happy and optimistic as ever but the possibility addition share purchases was mentioned.

We shall see, the uptake of options next May seems along way off at this stage but a lot can change in a short time with the right news.

Great to see the director share purchase today with the commitment over the next 12 months.
It would be even better to see a unexpected major share purchase as described also.

Ocelot

Before the commencement of the Horse Hill EWT when UKOG only held 32% not nearly 86% of the licence as the do now, with no permanent permissions as they now have and a production licence for 20 years the price touched 2.94p and once things start to move forward I'm sure they will again.

Keep the faith!

Penguins

You sound like you are running scared of the thought of a company like Shell with it's resources coming to the Weald.

nomlungu

I think you are misquoting!

We are talking Horse Hill where the licence is 55 square miles with a projected 158 million barrel per square miles not the whole Weald basin.

The Portland recoverability with early stage water sinks injection is up to 45% & the aKimmeridge where no figures have yet been put into the CPR had a estimated recovery of between 5 & 15% which the EWT was there to confirm.

I'm looking forward to some long awaited news!