Member Info for wizard125

The second tanker now away from HH today.

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

cossy

On good news UKOG have traded more shares than that in one day, so let's look forward to the good news to come from the drilling & feel the extra 35% revenue benefits that we would not have received had we not bought Tellurian out.

The future is bright the future is UKOG.

JimmyRustler

That's £12 million more than the £28 million when Solo took there shares.

Not bad for a year unfortunately the value is not yet showing for shareholder benefits but for the company it is good news.

It does not change the value or market capitalization of the company.

All a 10 for 1 at 1p does is make the share price 10p but make 10 shares 1p.

Groover

Why do you think that they will have to & what do yo think it would change?

HH picture of the Kimmeridge layers & the Portland sidetrack.

https://mobile.twitter.com/WealdOilers/status/1172027074787364864/photo/1

Thanks Pboo.

It will be very interesting to see the total depth of the HH2 vertical well if it will go all the way through the KL0 depth where there could be further work to find out more about KL5, KL2, KL1, KL 0, which have not yet been appraised.

Before drilling the 750m sidetrack into the Portland.

Just remember HH1 vertical Portland well is only 37.5m with 11-14 million barrels of connected oil.

How many barrels of connected oil do you think will be connected to 750m?

Eagle1

There is a bit of an update for you:

1. A24 UKOG now has 65%.

2. UKOG now has 86% of HH & planning consent for 6 wells & a water injection well.

3. IOW UKOG now has 95%.

4. Markswells Wood is going no further & is returned to normal & replanted with the site retained.

Can anyone explain to me how the value of the CPR for the Portland only which is 11-14 million barrels with a net asset value of £15-18 per barrel will translate into reserves & how this will be reflected in the market cap?

chittybangbang

After all your & many others negative diatribe which I am sure will continue.

UKOG has now produced over 66,000 barrel oil from that's more than a few eggcups for all the lies & bitterness.

Now UKOG has planning permission to produce oil for the next 25 years from 6 well with a water injection well to maximize oil production.

Maybe you can make yourself useful & give us a constructive figure on how many eggcups will be produced over the next 25 years if you can count that far?

Well done to the UKOG team on the brilliant success of the HH planning.

It hardly seems recognized by the market but let's not be under any elusions of the potential that has now been unleashed for UKOG growth & for it's investor's by this grant of approval.

It now falls to you again SS to make the acherage pay its way & reward loyal shareholders for there support from inception to fruition & beyond.

ocelot

The reason that the market may not react is that HHDL has received all the revenue from the well tests so far & the change will only really make a difference with the new Wells drilled & flowing.

This is when we should see some uplift but imo. the key difference will be from the HH CPR hopefully 100% for UKOG.

35% of HH will no be 35% extra shares & not incur the costs of 69% increase in reserve values.

Don't forget the Portland value alone up to £252 million or do you think that this is not real with 86% to UKOG.

HAPPY DAYS.

northfork

The new Portland only value is up to £252,000,000 net asset value with 14 million barrels oil at £18 per barrel.

This is a lower value than if it were produced as the current profit figures after costs is $40 or £33.33 per barrel valuing the Portland alone at up to £466,620,000 million.

The lowering of the HH2 well into the Kimmeridge when drilling could well be to evaluate the KL5 layer which has not yet been tested to my knowledge but UKOG has until 2022 to evaluate the Kimmeridge according to the OGA & produce a field development plan.

Exiting times IMO.

northfork

No one seems to be aware of the Portland CPR issued by xodus after the EWT in October 2018.

It was updated recently from 7-11 million barrels to 11-14 million barrels taking the previous £150-180 million Portland only value up very considerably.

This does not include the Kimmeridge value which is the biggy so hold tight to those golden tickets!

Phil7390

Maybe that is why the pump has been off the well & now replaced to ensure everything is in tip top order.

Tomorrow could well be the bridge over many a troubled water of the past so let's look forward to the good times to come for the next 20-30 years or more.

Go UKOG go.

Is this the final disruptive push from drill or drop in there desperation or what else is to come?

https://drillordrop.com/2019/09/10/residents-question-whether-ukog-is-trying-to-dupe-council-planners-over-horse-hill-drilling-plans/comment-page-1/?unapproved=136998&moderation-hash=a16f36c9ed9ef58942f8feec712989ad#comment-136998

jmhy

I think he must have been on the baked beans again & blown away some of the .... that he has Been posting lately.

Despite the impatience he is back onboa

SS has always said that the predicted sidetrack flow estimates of 700-1000BOPD is conservative.

On that basis drilling HH2, HH3 & HH4 sidetrack if planning is successful while flowing the currant HH1 vertical well could easily achieve the 3500BOPD limit for this Horsehill site producing maximum revenue & allow the production of a CPR
to allow Net asset value borrowing for further development of the HH licences, PEDL234, the Isle of White & PEDL143.

The HH licences are over 85% owned & controlled by UKOG, PEDL234 is 100% UKOG owned & controlled, the IOW 95% owned & controlled by UKOG & PEDL143 is 67% owned& controlled by UKOG.

Once this growth starts to roll it will grow & grow & grow.

Apart from the share price/market cap growth I look forward to the divided payments that will ultimately follow this great success for many years to come.

Good luck UKOG with the planning meeting on 11.9.2019.

That includes business rates from which there is no escape.