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Https://www.supremecourt.uk/news/future-judgments.html
Should have checked the website myself rather than believe ocelot.
All those "slugs" of water are very promising. Makes me wonder why it has taken so long to do anything there.
2018 "the company said it had encountered unexpected water and ran out of time to do more than two tests because equipment had failed........
In a statement to investors, Angus said this morning it believed it could isolate the water-producing zone and establish commercial production at the Balcombe well under normal pumped conditions."
They have been slugging it out ever since.
Sound familiar?
Ocelot wrote "Balcombe is a promising horizontal well into the Kimmeridge so may have implications for UKOG."
Have Angus changed their tune since 2022?
Angus RNS dated 27th April 2022
"Update on Brockham Oil Field
The Company is pleased to announce that the Planning Committee of Surrey County Council today passed a resolution to approve the Company's plan to abandon the Kimmeridge layer and reperforate the Portland layer in well BRX4-Z subject only to a unilateral undertaking to secure a routing agreement on HGV movements.
Angus' existing Environment Agency permit requires minor variation to allow production from the Portland as opposed to the Kimmeridge in this well and the Company is in discussion with officers of the Agency in this regard. Following such variation the Company would proceed to reperforate at the earliest opportunity."
"..the Company's plan to abandon the Kimmeridge layer.."
No surprise after their 28th June 2019 RNS;
Extract;,
"it is extremely unlikely that commercial hydrocarbon flow can be established from the Kimmeridge layer at Brockham.."
Ocelot how much you down on this total dog share?
You still going to try and ramp it when it goes bust?
What is your reason to be here on this board?
Angus is also awaiting a decision, as to whether Frack Free Balcombe can appeal against their extended well test at Balcombe.
This decision, too, could be made at any time.
Balcombe is a promising horizontal well into the Kimmeridge so may have implications for UKOG.
Really??? He seems pretty hopeless but then maybe he is a bit behind the times. Maybe someone who is a bit more media and new tech savvy and not so Brianless...
Oceloy
There have been a number of weeks mid term when no judgements have been announced for the next week. Why don't you take your very feeble excuses and stick them?
We're too close to the beginning of the new legal term this Tuesday, no judgements have been announced for next Wednesday.
Adrian must've bought more, because of all his financial acumen.
UKOG
@UKOGlistedonAIM
HORSE HILL LATEST: UKOG planning a downhole pump changeout and scale removal programme to enhance oil production from HH-1. Further updates to follow.
12:52 PM · Feb 12, 2024
·
2,330
Views
https://twitter.com/UKOGlistedonAIM/status/1757024776575435197
There is no reason whatsoever that the Court case effects the planned work so why hasn't it been carried out? The mugs can shout all they like about Finch and the Court case but UKOG even said themselves that permissions were in place to carry out work on the HH-2Z re-injector. They just don't have the cash to do it.
I take it he has been back ramping this dog? He is under water by his own admission, the buy in's he’s posted! it’s continually dropped, why would someone deliberately continue to try and lure others, into this ever decreasing SP and indeed the company itself? Only to try and escape at the expense of others by trying to raise a pump and dump…
Save on the ink! Just
Mug!
With 10m+ shares and over £5k in the pot Adrian must be worried. YA dropping the odd 30m shares at the end of the day at 0.045 won't be doing his 0.0594 punt any favours. Over a grand down if he tries to sell. And they wonder why he gets called a mug punter.
Not low at all Adrian,,, all you have to do is behave like a "normal" human being, and you would likely remain, but you cannot, therefore Tickkkkkkk tockkkkkkkkkk it is for you !!!
As for shorts,, well whatever floats your boat lol....
TICKKKKKKKKK tockkkkkkkkkk ADRIAN !!!! silly boy
I understand. I am all for oil and gas but taking semantics out of the equation this stock is finished. Sanderson is the worst type of CEO and even when UKOG win the court case it will be appealed in some manner and it will continue to drag on. UKOG don't have the funds or ability to raise funds to drill any wells and any entity wishing to do so will wait and buy for pennies on the pound when UKOG fold. Imo.
You need to short this stock Adrian. Experienced traders can make money against the trend but you are not that trader.
You posted:-
'The activist are getting jumpy . Always a good sign.'
Firstly the correct term is realists not activists.
Secondly by jumpy you surely mean posting a realistic view of what's happening or pointing out that a newly arrived poster is Adrian,
and finally when has this been a 'good sign' as there hasn't been a single occasion when any result of activity by UKOG has turned out close to UKOG's opinion, but most times close to what those pesky realists say, and therefore anyone like yourself and ocelot who uncritically repeat their PR in the shape of RNS or tweets - or are more positive than UKOG - and critical of those posting a contrary view, are wrong.
Every O&G project that UKOG operates is stalled either waiting for someone else to do the work - and reduce UKOG's equity in the project, or in Turkey for AME and UKOG to agree the next worse option for further work on Resan.
But the verdict of the Supreme Court, which is anticipated to be in SCC's favour, and thus UKOG's, won't change the high risk that further drilling at Horse Hill will have similar outcomes to HH-1 or HH-2z. But prior to drilling HH-3 a 3D needs to be acquired that may, like the seismic acquisition in Turkey appears to have done to Basur-4, remove or significantly change the proposed updip target for HH-3.
Adrian just wants to unload his £5k of shares bought for nearly 0.06p (whatever happened to the £5k bought for around 0.0074p before consolidation?) in a P&D on the Supreme Court news - not because he has any intention of holding in the hope that UKOG are successful in any of their ventures - though for UKOG the only hoped for success seems to be to farm out, or for Portland Port get someone else to help pay.
Adrian, do you ever get tired having to open new accounts?
Ocelot is oh so obviously a paid PR shill.
From 2023 accounts:
'The impairment charge for the year relates to the Greenlandic project Inglefield Land (£199,000) plus the write down of the Company's investment in Horse Hill Developments Limited by £785,000.'
So why TF is ocelot posting about a 'more generous valuation of Horse Hill by the market' when the company wrote the value down itself the following year? Anybody who places any credence in what ocelot posts ought to think long and hard about why he selectively choses what and when to post.
Ocelot
So how come ALBA and DOR have not agreed with the farmin, or is it farmout, with PPP? Coiuld it be something to do with the fact that they don't want to pay for a waste of space?
George Frangeskides of Alba wrote this in their Final Results RNS of 19/05/22:
"We look forward to hearing of the Operator's plans for enhancing productivity and delivering on the INHERENT, AND TO DATE LARGELY UNTAPPED, VALUE of the Horse Hill Oil Field".
The Supreme court judgement will remove the uncertainty. A favourable judgement should enable a more generous valuation of Horse Hill by the market.
Adrian
You do realise you can sell at 0.045 now. Would be foolish to miss the opportunity.
Adrian,
Waste of skin.
Reported and binned.
Again.