Member Info for wizard125

Sorry that was OPEX.

Text issue.

OPEC meaning:

Often abbreviated as OPEX, operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development.

Very funny Clarry!

The other day you were just saying how much upside UKOG has now you sound a little confused?

Read & understand the purpose of yesterdays raise & UKOG's long term future.

It's the BWM/Pijoe show a couple of jokers one & the same or married?

HH1AN2

I think his paymasters waste there money as most people do the opposite!

He is not very good at what he does anyway, no real facts, manipulation of others & no real knowledge.

https://www.lse.co.uk/profiles/brianearlspilner/

Mannan every savvy investor is buying oil, not that they want you to know. 1 yr 50$ Brent

On that basis should SS should be getting the well cellar sorted & rig ordered for HH3 Kimmeridge horizontal well as soon as possible while there is not so much demand for the kit?

https://mobile.twitter.com/johnrog94359745/status/1255099172413464576

While these are indeed difficult times & congratulations to all who have bought at this price the real benefits are yet to come from this placing which I am sure was necessary after the water fix on HH2.

The lowering of costs will bring increased benefits as HH is further developed but will be even more instrumental in the CPR.

One of my key questions is if Alba participated into the additional costs & if not is any further work done at HH going to be on a sole basis with no revenues going to Alba?

It looks like the placing could be over subscribed by the end of the day?

Dimbinvestor says he should have had Penguins as his advisor.

Is it love?

DumbInvestor@dumbinvestor5

DYOR all the information you need is there not in one place so lots of reading to do.

Happy reading

Stockraiser

Interesting comments in the article relating to $16-20 per barrel costs from deep water wells obviously UKOG has these costs onshore without the offshore costs all looking good for me.

DumbInvestor@dumbinvestor5

The irony of your comments are that from report & accounts that UKOG are more secure than a company like igas & with the increased cashflow & very low production cost will at least break even with low oil prices.

DumbInvestor@dumbinvestor5

Unfortunately you only see the share price & sentiment of today.

For me that is putting blinkers on you as you can not see the intrinsic value within UKOG & where this can be once YA & the corona virus have gone following the last YA lending & BB not being commercial this went from 1p to 2.93 where you bought in which I accept is the affect of the 0% loan.

The thing that I seem to consider that you don't is the value in the extra 35% of the HH licences that will come out through oil production over thnext 25 years & the CPR.

All this is my opinion & I could be wrong but I do see a growing company & expect ups & downs while not everything will go right all the time.

DumbInvestor@dumbinvestor5

The fact that you have decided to sell a 2.60 p investment in what you were advised was a growth project in the middle of a down cycle speaks volumes & I appreciate that it is compounded by the effects of the coronavirus situation which is beyond everyone's control.

I accept responsibility for my investments & I will personally see this through & have the courage of my convictions.

FOTH

Your bullying, blocking & intimidation of the people who you now disagree with with after so many years only show loss of control.

Other wise leave them to do what they believe to be right as you did at the time & step away.

FOTH

You know full well that YA convert shares to sell that is there modus operandi.

For you to suggest otherwise shows your true colours & agenda.

Lies, lies & more lies?

FOTH nows full well what the extra 35% vale of the HH licences.

I look at his rubbish below & ask.

Can you give a categorical assurance that you will never again buy a UKOG share as you UKOG & BOD bashing leaves you no credibility any longer & leaves you no reason to want to invest & maybe you are now on the payroll of BMD & or share profit?
The fool on the hill
@Adrianwfire
·
24m
#ukog I walked away because I saw management imo are bent.

2.. They have **** flow rates from both HH1 And HH2z

YA, ect are selliing out every day relentless .

SS put them on the inside. After what the heard they want out like all the othrs.

Feking sell!

Foth

DumbInvestor on twitter @dumbinvestor5

For me it seems quite ironic but I believe that £0.01 is not as far away as you may think!

The reason for my thoughts are that this share touched £0.0293 before the HH EWT & planning permission for 6 wells to be able to produce 3500 BOPD at this HH site alone with only about 20% of the HH licence owned which is now a holding of almost 86% of the licences. There is no current value attributed to the Kimmeridge at HH in the UKOG accounts so this can only be 100% upside even from the HH1 vertical well CPR which has flowed oil for the last 18 months!

Profit00

Had you ever considered that may be the directors intention for shareholders interests as 3 billion shares at that time at 10p would have been a £300,000 market cap & even at 9 billion shares at 3.33 p would be £ 300,000 market cap before we touch the Kimmeridge at HH, Dunsfold,IOW or PEDL 143 which are already pretty much 100% owned so no dilution for buying out partners!