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Ariana forecast 47% rise in Kiziltepe gold production


Uk Oil & Gas Share Chat (UKOG)



Share Price: 1.63Bid: 1.55Ask: 1.65Change: 0.00 (0.00%)No Movement on Uk Oil & Gas
Spread: 0.10Spread as %: 6.45%Open: 1.625High: 1.63Low: 1.63Yesterday’s Close: 1.63


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Sting69
Posts: 201
Observation
Opinion:No Opinion
Price:1.63
RE: 2400 wells needed ?
Today 12:19
J
It will speed up when the Government gets revenue from Quadrilla in the North
Bar an election which will slow everything again while they cover their arses
 
Jeremiah99
Posts: 4,804
Off Topic
Opinion:No Opinion
Price:1.63
RE: 2400 wells needed ?
Today 11:35
Perhaps I do SCC a disservice by singling them out, let's just say the wheels of bureaucracy seem to turn mighty slow when it comes to onshore O&G production in the south of England.
Jeremiah99
Posts: 4,804
Off Topic
Opinion:No Opinion
Price:1.63
RE: 2400 wells needed ?
Today 11:29
I think you may be preaching to the converted here, Sting, it's the swampies and SCC that appear to prefer that the UK remains reliant on foreign sources of power.
Sting69
Posts: 201
Observation
Opinion:No Opinion
Price:1.63
RE: 2400 wells needed ?
Today 11:18
Sincero

Its good that more and more people are realising and getting it that there is a lot of oil down there.
I cant see why people don't understand that a method to get it out of the ground one way or another will be found and that UKOG are right at the front of those efforts

Maybe it does not flow and HH was a fluke at those volumes but low volume multiple wells and the dreaded stimulation will see it through one way or another.
I just don't see why people aren't behind this type of endeavour it will make changes to peoples lives if the volumes are there and the technique can be found
sincero
Posts: 362
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Opinion:No Opinion
Price:1.63
View Thread (3)
RE: 2400 wells needed ?
Today 11:07
Cyan2 you appear to be a professional pessimist..... What a sad and lonely life you must have...
Sting69
Posts: 201
Observation
Opinion:No Opinion
Price:1.63
RE: 2400 wells needed ?
Today 11:02
Cyan

So all agreed there are Billions of Barrels then!!!!

Its all about UKG staying on their feet ,financing .
Time will cure the extraction methodology hence sending samples to America
Yellowknife
Posts: 636
Off Topic
Opinion:No Opinion
Price:1.63
RE: UKOG Germany
Today 11:00
Soupy.
Thanks for your reply. If I ever unearth the reason I will get back to you. It is not a big deal. Just curious.
Thanks again.

Yellowknife
cyan2
Posts: 925
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Opinion:No Opinion
Price:1.63
View Thread (2)
RE: 2400 wells needed ?
Today 10:07
"That's going to be a bit of strain on the PIs budget ?"

A lot has happened since those 'wild' days of speculation; most critically the BB drill result.

SS drilled BB to specifically target the Kimmeridge to prove COMMERCIAL quantities of oil flowed in the Kimmeridge WITHOUT fracking.

UKOG themselves declared the results " likely sub-commercial"

The tiny observed amounts of oil found have now seriously undermined SS theories regarding the COD.

An immense amount of time and effort was expended at BB in , what became obviously increasingly desperate attempts to prove it up .

No amount of spin can disguise what a crushing blow BB was. Those billions of barrels are VERY tightly held.
cyan2
Posts: 925
Off Topic
Opinion:No Opinion
Price:1.63
RE: Same people different names
Today 09:56
Good morning LEJOGB440;

I note this line you posted earlier today;

"Next week will definitely see us past 2p. Full production by end of 2018 so things are about to get going very soon."
======================================================================================

Just a reminder of what UKOG wrote in their latest results;

" Demonstrate commercial viability from one, possibly two, wells at Horse Hill in 2018. If this is successful and funding is forthcoming, move Horse Hill into long-term commercial production in 2019.

£ Demonstrate that the KL sequence is commercially viable across three other locations in the Weald basin: Holmwood and two further wells in PEDL234. All of these will be subject to the relevant regulatory approvals and sufficient funding."
==================================================================================

Any move to full production is conditional; first , it has to be proved commercially viable; secondly , a move to commercial development is conditional also on "if" "funding is forthcoming".

UKOG will, at some stage have to raise further finance.

Also note UKOG state such commercial development could be in 2019.
MILOH
Posts: 287
Off Topic
Opinion:No Opinion
Price:1.63
View Thread (2)
2400 wells needed ?
Today 09:49




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