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Exploration
You mention in your posts the amount of objections v proposals for the IOW drill.
I'm not going to disprove this due to the fact that objectors are actively boosting the numbers by including family members to object.
For example, looking through some of the objections, at least three are from one household including a 15 year old girl and her 13 year old sister.
Perhaps I could also get my three sons, my mother and father, two sisters, my aunts, uncles and cousins to propose this too?
Exploration
It is interesting to see below that you have never been to the IOW & live in Fance but are involved in the local debate on the IOW & get the local IOW papers?
I'm sure people will continue to support the IOW application on its merits & discard your lies.
Wizard - for every supporter on the IoW planning website there are now 20 objections. Your 'support' campaign is provoking the opposite reaction to your intentions.
There is an interesting debate in Isle of Wight local papers, including contributions from experienced petroleum geologists, questioning why on earth UKOG is drilling this well because there may be shows, but no reservoirs capable of production. Frackfree IoW has an interesting video which concludes SS is only promoting the project to collect another bonus. If the planning application is thrown out that's half of UKOG's prospective resources down the drain. PI's should stop SS wasting more of their money on drilling no-hope wells.
I've never been to IoW and live in France where I manage my investment company.
I do my own research on all my investments an own UKOG as an 'entertainment' investment.
I certainly is a circus featuring all sorts of clowns.
But; unlike France where there is moratorium on all onshore drilling, HH has a chance with the appliance of science whereas IoW project is a 'dog' in professional investor vernacular and in a different basin. There are 10 dry holes in IoW - UKOG will likely add another unless the fiasco is stopped.
Commercially, UKOG could benefit by relinquishing the IoW PEDL, save the money and concentrate on decoding the geological mysteries of the Kimmeridge limestone play which has many similarities to the Paris Basin.
Exploration
Looking at how these things work it will take some time to achieve the planning which may take a year to committee & another year if it has to go to appeal so I think UKOG will be keeping there options open between sites & possibly it's 4 licences.
France is a different kettle of fish altogether for oil & gas but I think conventional methods will continue through the transition period here to 2050 & beyond as oil & gas products & services will still be needed imo.
Exploration
You certainly seem concerned enough about my post about the support for the IOW planning.
From my perspective it has taken SS longer to get this planning application into the council so I think it will be well planned & as I understand it was very well recieved at the public consultations where the Islanders were very receptive & progressive towards the development & the benefits that it will bring to the island. Besides it would not be setting a president by drilling on the IOW the advantage now is modern technology & the knowledge of the 120 million barrels oil in place in the Portland alone.
Frack free IOW are a extreme organisation who seem to be operating outside of it remit frightening Islanders with scaremongering about fracking which could not be further from the truth.
Wizard
I've never been to IoW and live in France where I manage my investment company.
I do my own research on all my investments an own UKOG as an 'entertainment' investment.
I certainly is a circus featuring all sorts of clowns.
But; unlike France where there is moratorium on all onshore drilling, HH has a chance with the appliance of science whereas IoW project is a 'dog' in professional investor vernacular and in a different basin. There are 10 dry holes in IoW - UKOG will likely add another unless the fiasco is stopped.
Commercially, UKOG could benefit by relinquishing the IoW PEDL, save the money and concentrate on decoding the geological mysteries of the Kimmeridge limestone play which has many similarities to the Paris Basin.
Sparticus1974
The share price is here because of a global pandemic & a oil glut that will pass & we will come out the other side.
My & my opinion alone not including SS is that when we do we should be ready to move forward as quickly as possible.
That can only happen if the preparation is done now. This is a growth company which has underlying assets which when converted will reward the investors if you have not done your homework you should not be invested.
300 barrels of oil a day lol wizard I suggest you get your magic wand out coz that's not going to get our money back! Duster after duster billions upon billions of shares buying up licences and for what?your of your head pal if I didn't no better I'd say you was SS
Exploration
Do you think that there is a egg cup full of oil on your garage floor? as we have been listening to stories like that for years that we would not get a eggcup full out of Horsehill. Yet from it's vertical we we are still producing over 300BOPD with more to come. That makes it the second highest oil producing well in the UK after Whych farm which is just the other side of the Solent you.
The irony really is in your comment for you understanding of the situation as the OGA issued the licence?
The good thing with UKOG is they do not frack & are a conventional production company.
Maybe you should be pleased with that as if another company were to get hold of the licence you may see a different type of planning application which would likely have a much greater effect on your community, but to think it doesn't happen is burying you head in the sand.
Wizard
There's more oil on my garage floor than at Arreton. Most geologists would agree and I can't imagine OGA would concur - simply not worth 'appraising' an oil show in a non-reservoir. So you shouldn't bank on government support, unless you believe they encourage drilling dry wells just because of planning procedures.
So how does this all get funded ??
All sounds splendid appeal at SCC planning at IoW.
So how does this all get costed ?????
Exploration
Thank you for you repeated post but unfortunately you fail to understand that everyone has a right to comment on this application as the IOW is part of the UK as is the islands mineral resource.
UKOG purchased the PEDL331 licence from the UK government & as such has a job to do as does the council as there are procedures to follow.
If the outcome of a planning committee should be negative the company still has the right to seek the support of the UK government in executing it's mandate under the PEDL licence through the planning inspectorate.
SS has a job to do. How he is renumerated is not a concern for non shareholders & I look forward to UKOG producing 50 million barrels of oil from the IOW.
SS management has been shocking for years now. He needs to go.
Have always maintained that IOW will be a struggle. It could be 18 months plus imo
After the EA approvals, the recent planning was a 'shoe-in' and 100% guaranteed according to Tymers, etc.
There is little to no realism here when considering possible outcomes to events (pro/con) which relates to many getting sucked into the views of the loudest commentators.
Any decision going against the opinion of the experts is always a conspiracy, some kind of MM game, or the result of a campaign to prevent progress for the company and the national good.
Folk need to stop dreaming and be realistic.
AIM is a massive risk, lots of failures, too few successes and although great gains can be made through hype and expectation (as seen here in the past), there comes a time when delivery and nothing else will drive success.
We are around a year behind schedule of the Jan 2019 operational targets, and further delays expected.
Almost 6 months past my original timeframe to top-slice, I see maybe 2 years before any real change for the better.
Locked in with 2m shares at around 1.48 average could be worse, but in better shape than many.
Don't post here much now die t abuse (I am apparently an XR activist and nimby), but still positive, albeit over a much longer timeframe than anticipated.
SS management and communication leaves a lot to be desired. Just concentrate on the multi-well drill at HH and get some proper income in before branching out to wishlist, even higher risk targets
Wizard - for every supporter on the IoW planning website there are now 20 objections. Your 'support' campaign is provoking the opposite reaction to your intentions.
There is an interesting debate in Isle of Wight local papers, including contributions from experienced petroleum geologists, questioning why on earth UKOG is drilling this well because there may be shows, but no reservoirs capable of production. Frackfree IoW has an interesting video which concludes SS is only promoting the project to collect another bonus. If the planning application is thrown out that's half of UKOG's prospective resources down the drain. PI's should stop SS wasting more of their money on drilling no-hope wells.
I will keep posting it the more that comment the better.
https://drillordrop.com/2020/06/27/opponents-of-isle-of-wight-drilling-launch-information-campaign-after-criticising-council-consultation/
Above is a article from Drill or drop to try & encourage anti IOW planning support.
Please send your comments of support for this application to the IOW council stating
I support on the link below!
https://publicaccess.iow.gov.uk/online-applications/applicationDetails.do?