Member Info for wizard125

Backwoodsman

I think that you underestimate the benefits of water production & the reinjection.

The reinjection of water should enhance the % of recoverable oil which is reported to have the possibility of up to 45% recoverable with water injection by independent auditors Xodus.

I think SS terms this in the report & accounts as a forward looking statement.

ie. The four weeks may not be from today but four weeks from a date at some point in the future.

Some say he doesn't wear a watch but I have never heard him say a date, month or year that he may be talking about.

Some blame the oil industry others all the regulations!

Bridgedogg1

I think SS is doing a great job obviously he needs someone good luck getting the balls rolling with the Portland & wells at HH & CPR.

This will provide a platform for growth which will not require new licences only new sights for a proven concept.

The reality of the diagrams in the presentation of finished sites is that they will be no more invasive than a electricity sub station next to people's houses currently in the community.

He certainly does not know the facts behind UKOG.

Dynamo2

I think you have it the wrong way around.

If UKOG issued shares at 1.6-2.5p per share I think that is added value to the current share price& the companies who want to sell hold or lose.

The current YA & TELLURIAN is far more balanced. imo.

Not to mention funding startup & operations while becoming established.

Dynamo2

While I have to agree with you assessment of the dilution giving the number of shares inissue here.

What you don't mention is the value added for the shares:

1. 32%-86% ownership & revinue of HH licence with planning permission for 6 wells & water injector well now flowing for over 18 months.
2. 60%-98% Ownership of IOW licence.
3. 40%-67% ownership of Holmwood licence.
4. 100% ownership of PEDL 234.

Thank you Pboo well said.

Thymers

Those tankers will be leaving the IOW soon.

I'm sure that will make Jammare happy.

mjfmsg

Thanks for sharing your story.

I believe in this this share even with being well underwater.

I think the other couple of reasons that are slowing us down are the environmental permit & the production licence for HH 1 & 2.

It is not possible to go into full production or have reserves without these.

Once these are in place the value of HH will be where it should be.

SS estimated full production for HH of September 2020 if I remember correctly.

I am sure that we will see that at the next fund raise.

How many currant billion shares in issue?

backwoodsman

If you think that £7 million is enough funds for that list you are living in cloud coo-coo land!

backwoodsman

As I said all with what new funding?

backwoodsman

But not 1 drop produced.

Is that correct?

backwoodsman

Maybe you should take your own advise at UJO more dilution to come there for sure?

Mr008

I'm sure that you remember what happened after the last lot of borrowing happened & was cleared after BB in the summer of 2018.

I could well happen again to a greater extent this time with 86% of HH owed & & growing revenues.

Let's look forward to this larger percentage share asset & revenue growth making UKOG flourish.

LTI

I see Lloyds having a few ups & downs lately.

I hope to be back once I sort a few issues if I have not missed the boat.

Gl & many thanks Wiz

Jammare

Maybe the IOW will provide more than a smidgeon of hope!

But oil in abundance?

HH latest:

https://mobile.twitter.com/adrianwfire?lang=en

https://mobile.twitter.com/Adrianwfire/status/1218870729195827201