Member Info for wizard125

Cyan2

You may have to wait for that.

Have a lovely evening.

cyan2

Your bitterness is showing!

Cyan2

I don't think that many 10's of millions of reserves for a UK site is writing it off especially when it remains to seen if it is multiple sites & multiple licences.

UKOG is a growth company and the this is the next stage of UKOG's development.

Ibug

If that is a pipeline with the 6 wells & water injection with millions of barrel of oil there could be bigger problems for UKOG especially as Whych farm production peaked at 112,000BOPD & is still producing 12,000BOPD40+ years on.

cyan2

Water injection does not work without water & is there to maintain reservoir pressure & boost production.

If it wasn't there naturally it may have been needed to be imported at great cost.

Penguins

For once I have to agree with you that you don't post to sell your shares for you it's all about a negative sentement to get the price lower buy in so you can buy on to sell higher.

cyan2

Rome was not built in a day.

For all you say HH now has a 20 year production licence with 6 wells & water well permission granted is that because following the EWT there is no oil or it won't come out of the ground?

Spartac

I could not possibly comment!

Gl.

Spartac

Penguin claims to be invested there are is he a liar or what else?

Penguins

On that basis you should sell your fairytail share holding.

cyan2

You are entitled to your opinion & I have mine.

If you are not invested & no interest why are you here running down others investments?

nomlungu

I was being Horse Hill specific only.

As I said there will be plenty more development imo.

Maybe it will be the market that wakes up and ells the coffee.

cyan2

You see that one way I see it another & believe that what are currently 10's of millions in the UK will become 100's of millions in the UK & if Turkey is already 100's of millions it has the potential to become billion's of barrels but we will see.

Maybe you should look at SS's previous discovery record.

That's why I am invested & you are not!

Jaffy

Although there will be plenty more development at the HH, PEDL234 & IOW licences which should make us a UK mid cap oiler, Turkey would take UKOG even further if it is not bought out first.

Jaffy

Somewhere down the line it is clear that Penguins has a major grievance with UKOG.

The problem is that he, myself & many others have not understood that there are forward looking statements & indeed who would of thought that in 2021 we would hold 86% of the Horse Hill production licences.

It's obviously taken longer than expected especially with all the regulations & delays. I'm in for it to play out.

Gl.

galanoja58

I would call it worst case scenario but not everything always goes wrong.

Gl.

Ibug

Are we looking at a export pipeline there?

Ibug

Did the EWT finish at the time the production licence began March/April 2020.

The water began after the oil flow increased to 300 BOPD which was the expectation of what the well could produce by the flow test by Xodus from memory.

Ibug

I don't know about that but I thought planning in September 2019 was granted on the extended HH site for up to 9000 barrels storage.

Thanks Ibug

I don't know if that includes currant storage onsite or is additional storage but if additional would add about 2000 barrels storage which would make storage for about 4200 if there is currently 2200 barrels storage.