Member Info for wizard125

Sting69

Looking at the request for £980k nominal value for director discression it could give the big raise you wanted for development. Hopefully the directors have a plan and raise at a much higher share price than today.

Gl.

JustblBe

Just for fools like you, got caught short means he hasn't got enough shares left and wants the share price to drop to buy back in.

Hence his negativety!

Ibug

Obviously caught short!

vernonya

I think that you may find production figures in the Annual reports and accounts.

They may be a combined figure from the Portland and Kimmeridge.

Who knows maybe the decision by the 7 June was the determination deadline internally before it is written up and handed down.

Mullins

This is from J P Morgan this week.

https://www.livemint.com/opinion/online-views/jp-morgan-s-jamie-dimon-s-175-a-barrel-oil-price-prediction-is-hyperbole/amp-11654262711874.html

I see another would be with his wisdom is back posting his negatively while we wait on the decision from the secretary of state about returning to the center of the Weald!

Ibug

As I said your posts lack balance and objectivity. The figures are about more than just a single issue of Horse Hill production under a specific situation.

With forward oil price projections now of $150 - $200 per barrel it is in all UKOG investors interest for production to be maximised at the earliest opportunity.

Ibug

Investing is very subjective and I don't expect that any investor will invest on either your or my posts. In my opinion you lack balance and objectivity.

Maybe you should mark your posts with your opinion on the share as a investment there are 8 options to choose from!

Ibug

For someone not invested in the company you seem to be have a lot to say.

I think members who witness your multiple posts hear on a daily basis are well aware of your agenda.

That was the price of oil was up to to $125 per barrel the outcome from that period including the reduction in flow will be seen at the end of June.

Penguins

All flows have been controlled to balance water and oil production and can change when water can be reinjected.

Stop your constant negativity without proper facts.

Ibug

The interim period covers September 21 to April 22 and the price of oil has been up to approximately $1.25 the other contrabutory factor is how the value of he dollar has changed from $1.40 - approx $1.25 today. Looking at he whole picture production has reduced.

We will see after the company review the best way forward for water injection for the Portland if the reduced need for balancing water and oil will increase production, revinue and profits.

If production had been in the region of 200 - 250 BOPD over the last couple of years we would not be having this conversation today.

Ibug

Yet again your comment only covers half the picture.

The interim figures covering the period from September to April are due by the end of the month. I will not prejudge the outcome of what has happened with the reperforation and any benefits that could come from water injection.

Hopefully with the interim statement we will receive a update on the Portland and reopening the Kimmeridge.

Maybe reopening the Kimmeridge would be the best option who knows we will see.

gwilliams71

As I have said you are not on your own & I include myself in that.

Am I just going to sell up and give up?

'No'

gwilliams71

It's what the forward vision and non verbal communication suggests unless it's complete delusion.

You pay your money and take your chance!

Mirasol

Some may see that as forward planning for growth and you also don't seem to have considered all the options open to the company for example farm in, sale of assets once a new CPR is in place or reserve based lending. Some solutions may be helped by the broader base of the company. Are you a expert in the field or do you have inside knowledge?

gwilliams71

Exactly.

The company carried out the EWT as the operator and probably know the prospects better than anyone. On that basis it bought out Tellurian. I understand the water issues and costs of disposal. For me the first key is the water reinjection which will allow a production and profits increase as they don't have to balance water production to minimize costs.

We need to see the benefits to the flow rates following the last reperforation of the Portland which have so far not been seen due to the water management issues which should then be resolved.

If this is successful and the market can see the benefits of the development at Horse Hill it will start to unwind the current position where UKOG appears oversold when the value of the production from the developed site starts to come more apparent.

Mirasol

You need to take all of what has been said and put into context not just pick bits for your own agenda.

This just goes to show you how long it takes for oil and gas projects to come to fruition in the UK. Action is necessary now for UK energy security.

UK business Secretary announces:

Jackdaw gas field - originally licensed in 1970 - has today received final regulatory approval.

We're turbocharging renewables and nuclear, but we are also realistic about our energy needs now.

Let's source more of the gas we need from British waters to protect energy security.