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Has that train that we were all told to board left yet!
He's not even close to being that nutter.
I think you are mistaken, that’s not Adrian.
ZYX098,
I do have Redy4It on filter, cannot remember anything about his posts, put him on filter very quickly.
Ocelot,
Redy4It = Adrian. I's so obvious he didn't even bother to try and claim otherwise in his reply.
UKOG RNS
While UKOG's fundamentals continue to improve all be it slowly, water injection and reduced costs can bring a profit.
Ibug
Your authority is?
wizard
So when it says "DrillOrDrop has learned that a licence held by UK Oil & Gas (UKOG) in West Sussex and Surrey moved into the final or production term on 1 July 2019." you believed it. There is no evidence from UKOG around that time to indicate it is true. Perhaps you would care to show the real evidence that you and DoD are correct in your assumptions. They are still waiting to drill another sidetrack at BB so as far as I am concerned that period of the licence has not been completed.
Do you believe what UKOG have said or what DoD have said. That is the question. I know where my money lies.
Legalese
UK and EU want gas to become a green fuel.
Rishi Sunak is a supporter of Carbon capture and other strong potential Conservative leadership challengers are pro UK energy independence.
Incentives were provided yesterday for UK oil and gas development which with the needed changes to Russian supplies to Europe leave a gap in the market which UKOG is primed to fill especially if funding help and fast tracking permit for development and production would be provided in the national interest.
Carbon emissions will fall elsewhere as production post COVID struggles and Russian production and sales deteriate.
https://www.independent.co.uk/climate-change/news/rishi-sunak-climate-change-oil-gas-b2088343.html?amp
Legalease,
Non news - they can develop and produce during any phase of a PEDL. Wnat's happened is they've taken so long doing anything that phases 1 and 2 ran out of time.
… so a Loxley production license? … Discuss.
Price went t just short of .4 on the sniff of a decision on Loxley. Think it will manage it again…
ZYX098,
The post that prompted your post of 18:31 is a green box on my page.
I won't have come from Adrian, I don't filter Adrian.
"the flat-lining of the share price during about the last 2 years."
Ocelot means it in a medical sense - when the patient has died and the green line on the monitor just flat lines..............
Now, now Adrian. Behave, or you'll get tossed - again.
While you may fundamentally disagree with Ocelot's position or outlook, he / she never stoops to the level of slinging personal insults.
wizard
Hasn't reached it yet.
"UK Oil & Gas Investments PLC (London AIM: UKOG) announces that it has been informed by Kimmeridge Oil & Gas Limited ("KOGL"), that the Oil and Gas Authority ("OGA") has extended the licence term of its 100% owned PEDL234 licence ("Licence") from 30 June 2018 until 31 December 2023. KOGL is a wholly owned subsidiary of UKOG."
Btw, three years ago it was over 1.0p.
Not sure hoe that's flat-lining either, but all very amusing.
"flat-lining of the share price during about the last 2 years"
Lolololololol
I wonder what colour his sky is.
Must be ever so pretty.
Two years ago this SP was 0.25p, it closed today at 0.12 (ignoring LSE's rather obvious error).
That ain't flat-lining.
That's halving.
And that's only after the recent spike, otherwise it would still be 0.1p.
I do chuckle reading our resident rampers' attempts.
Ibug
The production licence is achieved by the PEDL licence reaching its third stage.
And if one looks at a 3-year graph, that 2-year regulatory delay for Loxley coincides very closely with the flat-lining of the share price during about the last 2 years.
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Environment Agency ("EA") has issued UKOG with the necessary permit to drill and test the proposed Loxley-1 Portland gas appraisal well. The permit covers all environmental aspects of the proposed scheme of works including a Loxley-1z sidetrack well.
That was the RNS dated 26/06/20.
And here we are, almost 2 years later.
The English system doesn't have to be as quick as that but it would help a lot, and reduce costs very substantially, if it could be considerably quicker.
If East Sadak-1 is anything to go by they completed the well and started production on the same day.