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Those share options tell the story, IMO HH will rear again and Turkey will lay a golden egg. The directors know more than we and I think they are on a good bet. Some one keeps buying in good size chunks and that makes me think that this could rise ten fold. All in my opinion.
GLA.
Penguins. You are correct, but the figures you quote are way out of date and I will stick to what I believe to be true at this time, and so will stick to my 4p share price for the next 3 weeks.
Penguins. Just to assist me would you tell me how many barrels of water was recovered in December, and while you are at it tell me the cubic metres of gas. Then the % for these figures you quote ! will make sense. Then I can adjust my 4p price for the next few weeks. Because you seem to know more than I.
GLA.
It has to be remembered that UKOG has told the council that it expects to ship out 60 tons of oil per day, this coming year. This was reported on DRILLORDROP this last week.I expect with the increase in demand at this time and onwards, This is verified from the increase in the oil price and the end to the lock down. The water ingress should by now have been reduced and we could already be back up to 2 or 3 tankers a day. IMO.
GLA.
With the opening up of the lock down the demand for Brent will rise and Fawley should now require HH to produce at a higher rate than the December average of 3 takers a week. Remember (as I have said before) we can only sell if the demand is there. I am happy to continue holding, as I am sure that what I have read today says we are going to produce 3 to 4 tankers a day of Brent very very soon. All IMO, read the latest news yourself.
GLA.
Because of the lack of demand, I think that answers the question of more drills in the same place, and the fact that no-one knew how bad things could get. May-be that is why SS invested in Turkey to get into heavy crude. He would be bad to issue a RNS and damage the companies share price and put fear into the market, also remember no one knew how long the corvid problem would last. IMO !!!!!
GLA.
Seeing that refineries cut down production from Brent last year systematically all over europe its not hard to work out. UKOG cut production for the slow down in demand until the demand stopped. They was no point in producing when their was no place to sell it. that is Brent.
GLA.
As countries open up with the rise in the virus jabs go ahead the demand for Brent Crude will rise dramatically, the demand from refineries dropped last year as the demand for light oil and fuels receded. Soon I expect Fawley to start to request UKOG and others to start deliveries again. This is in MPO as the time frames fit with corvid shut downs. I have been here for two years and a bit longer will not hurt.
GLA.
I am sorry if I mislead anyone with my post last week when I thought that the shut in was over. Its clear to me now that SS knew that the tankers would stop and so he extended the lock in while the 2nd of January IMO.. That would make sense. So we now await news from Turkey who have no holiday at this time of year. Best of luck to everyone and a Happy New Year.
GLA.
I cannot see the S council fighting this when it was clearly the wish of the chief planning officer to pass . Everything is on video and paperwork and so IMO there will be no site visit and this will get nodded through..
GLA.
I expected that the shut in would be over by now, although the well will be run on a tight choke. I have been told today that some haulage companies have so many drivers on furlough . Is our shut timed to run with furloughed drivers at BKP? I do not know.
GLA.
Is it just me or are the government advisers all dumb ?. Freezer trucks and vans could be fitted with minus 70 degree freezers and the Corvid 19 vaccines could be delivered to Care Homes and Hospitals in the amounts they require. This would be far cheaper than these facilities having to fit their own freezers. A van or truck could deliver to say 10 facilities in their area daily as and when needed.. IMO this would speed up deliveries and they would or could be fresh every day.
GLA.