Member Info for wizard125

Ozzy52

Even Mirasol posted the other day that he believed that Ibug has lost it.

Mirasol

You obviously have no understand of the word objective!

There are no certainties and oil and gas is high risk.

As the saying goes if you cannot stand the heat stay out of the kitchen.

nomlungu

Maybe having controlled oil and water flows from HH1 for UKOG now have a idea of of oilflows, revenues and profits once water is reinjected at various oilprices.

Penguins

With that outlook why are you here?

Oh haven't I been asking you that for a long time.

Your still here claiming to be a shareholder posting only negatively on UKOG.
Your posts can not even be discribed as objective for someone pertaining to be a shareholder.

Skwizz

That statement would be true but discounts current and future revenues, profits and the rates of growth of the company and its potential which is part of any sustainable investment.

Skwizz

Up to being the key statement!

This provides many options depending on what is going to be done and the share price at the point of any placing.

That also leaves the possibility as in the last 12 months that not all funds are used.

JustBe

By early July it will be 12 months since funds were raised for the newoperations in Turkey. Dispite many posters crying wolf, continuous posting claiming placing coming it has not materialized.

All this while the court of appeal case for Horse Hill 6 well development has been won with UKOG owning 86% not the 32% when the EWT began in 2018. Future oil and gas sites have been secured in the UK and internationally.

I am looking forward to seeing profits rise and hopefully flow rates also following the addition of water injection at Horse Hill.

I would like UKOG to be self funding its growth as expected at this stage but the directors have laid out plans for future growth and development of the company which was also part of the 2018 changes to a production company.

While these new developments are a major changes of direction for the company it does embracing future UK energy ethics and requirements towards net zero 2050 which should ensure future sustainability going forward while helping the company towards balancing it carbon footprint.

Oil demand is expected to grow to record levels next year. If production can not meet targets prices will only go higher.

https://oilprice.com/Energy/Crude-Oil/IEA-Sees-Oil-Demand-At-Record-High-In-2023.html

Penguins

A word of advice!

If you're looking for a 100% guarantees don't even think of investing in oil and gas exploration, development, production and growth.

vernonya

That was the value of oil for net present value. The price of gas has risen from about 2.70 to nearly 9.00 and gas is predicted to become a green fuel.

nomlungu

Fantasy?

UKOG values are currently rated based on a net present value of $70 per barrel sale price.

The markets have now changed with the Ukraine war and the fall out consequences, it will take time for the new production to meet demand around the world.

Adding a 50% to the $70 values would only increase that value to $105 per barrel still well below the current $120+ price per barrel which is forecast to rise to $150 -$175 per barrel.

Rising inflation over the next 20 years and lack of exploration and development is likely to push that figure further forward over time.

Penguins

You scoffed when you were advised that UKOG would be going back to the centre of the Weald now they have planning and environmental permits its more bitterness.

I won't waste my time on your negativity as everyone can see it is now a reality despite your doom and gloom.

The US tonight raised it base rate 0.75% to $1.50/1.75% this will likely strengthen the $ further from it $1.20 levels with more large rises in interest rates projected this year.

With the current and rising oil and gas prices and a falling £ UK companies may look cheap especially if permits are granted, they have a international exposure.

A forward looking CPR could be just the thing needed to light the UKOG rocket and development now.

Ocelot

Are you be trying to say that the likes of Ibug, Penguins and Cyndiliar can swing there negative fingers over the keyboard but they have no weight or say at AGM votes?

Metom

It looks unlikely as Jeremy has nothing new to bring to the party.

He also did not get his way in the vote in the house of commons to oust Boris so he must be seething.

He looks like a yesterday's child now.

Funny Cyndiliar!

Still no placing that you have been shouting is coming in almost all your posts over the last 12 months.

We know your grievance after publicly investing so much here with all the Twitter photos of the purchases the sale losses must hurt?

Pride goes before a fall!

Your two other UKOG gambits also failed!

It looks like you are not doing to well here and getting more and more bitter to me.

Should we call you Cyndiliar or Billy Bully?

Brent crude price $124.40

US $ price $1.2002

Ibug

In any worst case sinario for oil and gas wells or licences the natural fractures of the Weald may have many benefits!

One man's rubbish may be the next man's gold!

There is an announcement today that the first licencing round of carbon capture storage facilities has been announced and government support with regulation and financing may be needed for these long term projects.
I wonder if UKOG's plans include licence bids.

https://www.reuters.com/markets/commodities/britain-launches-first-licensing-round-carbon-storage-sites-2022-06-13/

Ocelot

I agree but the market at the Moment does not seem to have the confidence in UKOG or its management?

Have they got something up there slieve to turn this around?

Like many here I hope so, especially after all the money spent, bonuses paid and work completed in getting Horse Hill through the complicated regulatory process and all the court cases.

I believe that if the market could see good progress & increased oil flow and revenue from its current flagship project it would help the confidence in the company.

It may also help if all f the directors were to show some belief and commitment in the company with share purchases not just SS.

Hopefully the interim figures will provide better news.

It seems fair to say now that the current and projected future oil & gas prices make the potential success case for UKOG better now than it has ever been. Confidence is needed to make it a reality and the directors need to bring that confidence forward and reality forward.