Member Info for Yanis2005

There is absolutely no reason as to why we can not have an update.

Xodus report can come later, we already had a preliminary update on the 10th October, without Xodus.

We also had a promise of further updates
“Further updates to be provided in due course following completion of the ongoing PBU test, further well clean-up, flow stabilisation, downhole oil sampling and further pressure build up tests.”
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=96zoj67s&ArticleHeadline=EWT_Update_Horse_Hill1

If we don’t get an update the SP will fall a lot further down, slide already started.

It is time for an update. Time planned for KL-3 test is over.

Alba RNS 13th Nov,
http://www.albamineralresources.com/ul/Alba%20Corporate%20Presentation%20Nov%202018%20WEB.pdf

page 15, clearly states KL-3 test in progress, duration 30-40 days

Ukog 10th October RNS
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=96zoj67s&ArticleHeadline=EWT_Update_Horse_Hill1

Announced preliminary KL-3 results, that implies that KL-3 test started about a week earlier, say 3rd October.

From 3rd October To today is 42 days.

This exceeds the 30-40 days stated in the plan. An RNS should be with us this week, if not ... SP will fall, the slide already started.

There is now no excuse for not coming up with an update.

In desperate need of an update. Been a while since the last one, an update should be issued even if KL-3 test is not finished.

2 tankers are over 400 barrels and that is what was pumped out of KL-3 today. Excellent.

DHC, that’s right, the main course is still to come ... we are still testing KL-3 as confirmed by Alba today.

Oakleak, you are right.

Just had a quick look in the Alba RNS
http://www.albamineralresources.com/ul/Alba%20Corporate%20Presentation%20Nov%202018%20WEB.pdf
Page 15.

It clearly states that we are on KL-3!

Oakleak, if we are on KL-3 how do you explain the pump?

Bought some a week ago. Could see 10p+ tomorrow. Chart is very bullish.

CaptainStanley, the volume is heavy! This is not MMs playing games, is PIs selling.

We had a very strong finish at the end of last week. Yet, this week started with an unexplained run for the exit which accelerated today. This 180 degree change in sentiment from last week to now, does not make sense.

Angus needs to speak up and clarify the delayed Brockham start, not difficult to do.

On top of yesterday's drop. Can anybody explain it?

It is time for Angus to clarify what is going on at Brockham and perhaps give us a more detailed plan. It shouldn't be too difficult. Looks like the market is pricing in yet another delay.

Wizard125,

lol I missed that paragraph, thanks for pointing it out. So, possible testing of KL-1/KL-2 is indeed in the plan. However, testing of KL-1/KL/2 is as per the document “dependent on achieving the primary testing objectives within the time allowed under planning consent”.

I read that to mean as could be tested after tests 1, 2 & 3 are completed. Also the test will be “similar in duration/scope to the early Portland/KL3 and KL4 flow periods”.

If indeed the pump is on KL-1/KL-2 that is great news and would mean that tests 1, 2 &3 are completed but we had no RNS to tell us about KL-3 or KL-4 results. Unless ofcourse SS is bending the rules.

KL-1 and KL-2 were never part of HH EWT plan.

The plan submitted to OGA as far as I understand, included 3 tests - Portland, KL-3 and KL-4
https://www.whatdotheyknow.com/request/513050/response/1260646/attach/html/2/ewtapp%20marked%20for%20redaction%20Redacted.pdf.html

Has anybody got any evidence that KL-1 and KL-2 have been added to the plan? Don’t they have to get OGA permission to deviate? Also, DL tweeted yesterday I think, or it might have early today, that all is going according to the plan.

If the pump is on KL-1/KL-2 it will definitely blow the roof off the SP, but this is probably wishful and creative thinking.

All this should become clear soon, the RNS with the update is imminent. They cannot hold it any longer if they moved away from testing KL-3.

Two left HH already and is not noon yet. Could it be more today? :)

Oakleak, agree with that but my point is they have to issue an RNS just like they did earlier
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=96zoj67s&ArticleHeadline=EWT_Update_Horse_Hill1

As far as we know, from what they announced so far they are working on KL-3. If this changes, they have to RNS.

Boyzee, KL-4 is a separate issue.

They are doing three tests - Portland, KL-3 and KL-4. Results from each test are price sensitive info.

So far they completed Portland - results announced.

Started on KL-3 instead of KL4 - announced in an RNS along with preliminary KL-3 results and a promise for further updates. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=UKOG&ArticleCode=96zoj67s&ArticleHeadline=EWT_Update_Horse_Hill1

Yes, an RNS is due even if they now are thinking of testing KL4 combined with KL3, instead of KL-4 alone - means test number 2 (KL-3) is finished - price sensitive info.

Scully, I doubt it very much you are going to buy any at 0.33p. That will be a nice present for me too :)

But, IMO, KL-3 results are imminent and when they land the Alba SP will launch up along with the Ukog SP, the surge in volume will clear out outstanding Solo shares and free the Ukog SP. Unless ofcourse results disappoint but this is very unlikely since all indications are positive.

There is plenty of oil for both, Angus and Ukog. I wish people would stop trying to ramp one company and deramp the other - is folly. Success of one company brings success to the other and vice versa.

bladehater, IMO the RNS with KL-3 results is ready to hit the wire. Yes, it could be tomorrow, but if not, very high probability this week. KL-3, if reports from site are correct and with DL flying back, must have finished.

Friday’s close was very very strong, particularly in view of the placing. This thing ain’t going down at all, quiet or not quiet ... get ready for 20p ++ very soon.