Member Info for wizard125

Penguins

Link from UKOG website if the link is not active.

Core TV: Stephen Sanderson discusses adding shareholder value, 27/01/2019. Click here

Good night.

Penguins the proof of the pudding will be in production as I said before that IMO the OGA restricted the amounts of oil being produced during the EWT.

Once the dual completion is in place the Portland & Kimmeridge will be produced from HH1 & the HH2 Portland seperatly.

From memory SS estimates from his interview were 2000BOPD from the 3 wells with about £30 million revenue per year. ( depending on the oil price I'm sure)

On that basis what are your estimates for HH 1 individual 2 well flows & HH2 flows & revenues?

If HH2 is not flowing as reported then the oil must have come from HH1 but if it was over the last 24 hour period is questionable do you have a definitive answer?

Penguins on this occasion you are correct!

Do you still stand by your comments about the Kimmeridge?

Penguins

Last time you asked me the same question about the same comment you made in your post.

I copied & pasted the comment from your history for you on that occasion.

If you can not remember or find it ok!

There are a number of possibilities for 880 barrels leaving HH in one day I don't remember drawing any or every conclusion or say that it was in a RNS.

If HH1 is flowing from the Portland only & no tests are happening on HH2 is HH1 Portland vertical well currently flowing 450+ BOPD?

roganjt

I wander if there is any tanker news from this afternoon?

Why is that sacllywag3?

The shares have only come to the market today.

Total shares issued to Tellurian from September 862,216,829, total shares left 514,050,129 so Tellurian have sold 348,166,700 shares since September 2019.

The reality is that it is better for them to wait until the overhang from YA is clear & there are positive results from UKOG if they can.

There may look to place the holdings with a institution at that stage while taking costs in the mean time.
70 over 3 months is only about 700,000 shares per day.

It must be love.

Thats 2*220 barrels.

My questions are is this all from HH1 Portland as the eyes say HH2 not being tested.

Could it be 4*220 barrels today & would that not just put Penguins deramping down the swany that the Portland will not produce more than 220BOPD if the taps were turned on & current level will deplete not increase.

It's 2 * 2 this morning.

mr008

The market new about these shares as it has been well documented over the last 6 months. I can't wait to start seeing the benefit of the extra 35% oil revenues that should drive the share price forward at the overhang clears.

onwards & upwards.

maithai

A government business loan would be great news & be of great benefit now we are entering production. It could clear existing debt & push forward the next Kimmerige well with the benefit to the government of growth & oil tax revenue.

UKOG has suffered disproportionately during the oil price war & the coronavirus pandemic mostly to the disadvantage of shareholders via the lower share price creating greater dilution during the purchase of Tellurians 35% stake.

A interest free loan would help level the playing field.

Brent Crude 33.92 +0.87 +2.63%

https://twitter.com/Adrianwfire/status/1247450148986290176

Are we all in this together.

https://www.thisismoney.co.uk/money/markets/article-8192897/Now-bosses-feel-pinch-pay-right-thing.html

Penguins

You are right but there seem plenty who seem to want to pay there money & take there chance.

The reality is once in production UKOG Should grow quite nicely.

It's not a perfect world & something's won't work but others will.

It's not all doom & gloom.

Ewqwe1234

I thought I would post the same reply as yesterday to your queries as you have no answers.

Utter rubbish.

The water ingress was not in the 2018/19 financial year & the dilution in that year has provided growth to the company which will be with it for the next 25 years so short term.

The company strategy for growth was set out before UKOG became a operating company.

Maybe you did not read or understand it.

UKOGS's share of HH has grown from 32% to 86%.
UKOG's % share of the IOW has grown from 65% to 96%
UKOG'S % share of A34 licence has grown from 40% to 67%.
UKOG's share of PEDL 234 remains at 100%.
As well as unchanged at Horndean & Abingdon.

penguins

I'll take that as a 'No' I don't know.

Saves wasted words!