Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
I would not be surprised to see a photo of PV and DL pop up on the @angusenergy tweet account. It will be on DL's list of "things to do".
Agreed - it would be nice to have a logistics problem - as it implies we will have a lot of oil.
Come production, i am sure a pipeline is the solution. However remember a pipeline and infrastructure, gathering stations etc are probably in the order of £1m per mile.
As i said, i am sure that Angus have anticipated and have contingency plans in their pocket. It is noteworthy that Ukog have not utilised the services of Hoyer, who have the bigger fleet.
apologies should read BKP/HOYER
Jersey, I think this has been raised a couple of times. Perenco currently do approx 14,000 per day. If this was road tanker it would equate to approx 60 road tankers per day. Perenco are lucky as it is comes in via pipeline. No current pipeline exists between the London airports and Hamble (in a westerly direction). Short term Angus and Ukog will be condemned to sharing the combined resources of BKP/ UKOG. Currently the only transporter identified as a supplier to both is BKP. It is believed that their crude fleet does not exceed approx 10-12 dedicated crude tankers.
This fact will have not gone unnoticed and one has to presume that both PV and SS have contingency plans in a drawer.
All eyes on Brockham (AEOB) - has a nice ring to it.
David Lenigas
@DavidLenigas
5h5 hours ago
Extract of tweet :
" People obviously see the fantastic future here when the Brockham well comes in to oil."
Looking forward to an update later.
yes,we are nearly up the value of one ukog share.
Why would PV/JT enter into talks of any kind before holding the results and flows from Brockham? No multi national is going to enter the ring until 1) substantive results have been proved and reported 2) sustainability has been proven 3) all the parties are now amalgamated. imho. So we are a long way off as of today.
its a thumbs up from Dave - short version - "lets crack on , we have work to do "
David Lenigas
@DavidLenigas
23m23 minutes ago
More
On the Angus placing, it’s only a small % of the Company in retrospect. But it is very important that all the partners show financial strength going In to the most exciting part of opening up of Brockham. I’m going to vote YES. Let’s rock-n-roll. Go Brockham Kimmeridge oil!
@DavidLenigas
Following Following @DavidLenigas
More
Replying to @BerrymikeHot
Maybe they should consider doing something at a higher price. But hey. Shareholders rule on this one. Time will tell. Maybe I lend em some money if they asked.
David Lenigas
@DavidLenigas
2m2 minutes ago
More
I’m hearing from across the water that Angus may not get their placing approved by shareholders.
All eyes on the prize now. This will be sooner rather than later.
It really is small. The best thing PV / JT can do now is show us much anticipated action. knock a few detractors and their advent calendars off their stools.
I have an antipodean friend who would disagree with the last line.
David Lenigas
@DavidLenigas
52m52 minutes ago
More
Replying to @Dan22944612 @angusenergyplc
Ha! I know how many barrels capacity it is. I can tell you it’s about as big as you can get for a road transporter in the UK.
Hearty round of thanks to @adamthornton121 for sticking it out to capture this latest sighting. looks like the Angus team will be busy as bees tomorrow.