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It wasn’t that difficult was it , I perfected it when I was about 5 years old, btw I’ve no idea who Karen is
Again... why hasn't the UKOG board honoured its RNSed commitment and abided by the DDSPP? Where are the directors' share purchases promised for early July?
Calling the cheerleading squad... I'd be interested in any justifiable reason for this latest failure by UKOG to stick to its categorically stated promises.
https://www.facebook.com/oceanmecenergy/photos/2758098871147841
Oceanmec haven't changed the photo for 3 days. Are they still exploring or appraising the photo?
Not really prainey, I can come out unscathed .. you put your life saving into a stock and lost 99% .. also I’ve just read one of your other post regarding another stock-
‘’I wish I could, no spare funds........I also wish I'd plonked the £6000 I was going to put in here at 0.74, but put into a company that went boobs up.........Hey ho.’’
Really can’t take you serious, just a bit of advise .. stop investing!
Does it really matter. Basur-1 found oil and Basur-101 had oil shows. They are now drilling for oil so it is an appraisal well in an exploration licence until such time as they put a well into production.
AME version...AME is pleased to announce that it signed a binding heads of agreement with UK Oil & Gas Plc (London AIM: UKOG) to take a 50% non-operated working interest in our Resan Exploration License (AR/AME /K/M47-b1-b2).
InvesorTrev
But other recent wells have been drilled in the area. What do you term as modern or are you just copying what SS has said? Some of them are in production.
Sadak 3 and 4 in 2020
Bukat-1 2015
Kedil. 7 wells between 2014 and 2019
"Basur -3 is the first modern well designed to properly appraise and assess the extent and commercial viability of the Basur-Resan oil pool discovered in the 1950s-1960s."
Therefore an appraisal well, in an existing petroleum formation. However feel free to continue spreading misinformation.
Penguins
Sadak field is even closer. 4 wells drilled and 2 in production. See GYP section of Scout reports. Below is rough translation of Energy Dairy report. Only about 6 km from Resan-2.
Energy Diary - Güney Yildizi Petrol will search for oil by drilling 3 Sadak wells within the borders of Eruh district of Siirt.
Güney Yildizi Petrol Production Sondaj Müteahhitlik ve Tic. Inc. Sadak is planning to drill 3 detection wells in the X. Region AR/GYP/K/M48-a4 sheet no. 8 km northwest of Eruh district in Siirt province.
With the well to be drilled within the borders of Sagirsu village, it is aimed to determine the existence of crude oil reserves and the amount, if any. The cost of the project is calculated as 5 million TL.
Together with its subsidiaries, GYP has 384,496 acres of exploration licenses and production areas in Turkey. The majority of the privileges of GYP, which is one of the largest concessionaires among companies operating in Turkey, are located in and near the Iraqi borders.
Energy Diary
Kaynak: Güney Yildizi Siirt’te petrol arayacak
Agree.. when do you think the next RNS will be?
Market stuck at this level, low volume, needs some news for future direction.
Unlikely Ibug but not Impossible
Mannnan,
appraisal is not guaranteed to
1) find oil
2) find commercially exploitable oil
If you know where to look -and ibug and I have posted where - you can find that even Production wells on E Sadak can fail:- E Sadak-12, described as a production well, had this result:-
'Total Depth : 2725 m
Status : Well was abandoned due to non-economic hydrocarbon potential.'
Also if it's such a sure fire success why won't UKOG even give an indication of what they expect in terms of flow rates.
and if you think E Sadak-12 was a one-off problem here's E Sadak-11:-
'E.Sadak-11 and 12 production wells are completed as dry well.'
But they did sidetrack E Sadak-11 - 11S:- E.Sadak-11S production well in production lease “ARI/AME-SNR/K/M48-c1-1” are completed as oil well.
Of course it doesn't preclude success but this are two of the very recent (2019) wells on the producing lookalike field, E Sadak. Neither AME nor UKOG have mentioned the result of E Sadak-13 which was drilling in 2020
...and both E Sadak -11 and 12 probably had 'oil shows' (12 'non-economic hydrocarbon potential' suggests it did), whether any spike if oil shows are RNS'd won't be known until the well is tested.
Also Karen I want you TO leave .. you are TOO judgemental haha hopefully I have now shown you I have an understanding of To and too haha
ScottK
Just reworked my figures since addition of extra shares in issue and for 4000 bopd it would give an SP of about 1.85p which is down from my previous 2p calculation.
Sorry Karen (notinmyname)
I really don’t have the time to go through the figures on what amount of oil per a day is required .. I’m not for 1 seconding claiming it will either .. is it possible it could reach that, yes is the answer. Will it likely get that high, also a no .. however, will any kind of pull of oil on the apprised turkey site give massive spikes? Again yes, and will be taking full advantage of the huge spikes and making a profit .. at the end of the day that’s what we are all here for, is to make money. DYOR
Scotty , please try TO learn the difference between TO and TOO , it might make your comments understandable, basic grammar is important
Good post nine, and highlights the traditional position of the majority of investors.
Which is why we would expect to see a huge increase in demand for this stock if/when UKOG/AME release positive news on the drill.
Remember we have no data on speed of the drill or target depth.
Initial news is usually spots of oil on drill bits if any, there is then a good piece of work around casing, perforations and cleaning up etc.. before any initial flow data is released.
Which is why I'm saying August for flow news... bit early yet.
GLA
Raj34 admits holding no ukog shares and has 15 posts today so far, and in the same breath posts on a board that he claims to be invested in...Raj34
Posted in: UJO
Posts: 5
Price: 31.50
No Opinion
RE: That is one immaculate site - Wressle
28 Jul 2021 12:15
Why do people post here if they don't own shares?
Posted in: UKOG
Posts: 5
Price: 0.17
No Opinion
RE: Turkish Delight
29 Jul 2021 07:26
The longer there is no news from Turkey the more likely it will be bad news from past experience with this company. I will wait and see the results before I trust putting my hard earned in here. Total deramping hypocrisy
Scottyk
So what results from Turkey would warrant 3.4p? Are we talking bopd?
No problem ninetails .. for this to go up 2000% it would need to hit 3.4p .. I’m under no illusion it will reach this from turkey results .. it’s was more of a marker from duster to 20 bagger.. still not impossible if we find massive amount of commercial oil however. But In my eyes, this stock is to cheap .. buying shares is to be buying in the future and the possibility’s that come with it, therefore 0.17 is to cheap .. DYOR and good luck to anyone invested
Again, the definition of appraisal in O&G terms. Stop all this nonsense talk of dusters and read the RNS's
"Appraisal drilling is drilling which is done when oil or gas has been discovered
they are talking about duster because they don,t know what is ..appraisal
Again, the definition of appraisal in O&G terms. Stop all this nonsense talk of dusters and read the RNS's
"Appraisal drilling is drilling which is done when oil or gas has been discovered"
Again, the definition of appraisal in O&G terms. Stop all this nonsense talk of dusters and read the RNS's
"Appraisal drilling is drilling which is done when oil or gas has been discovered"