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Ibug - the new mapping is in a 20 July tweet from UKOG
It's the new way of distibuting infomation.
Ocelot,
Basur-Resan seems to now be just Basur after the surprising news that the wells in the Resan area show drilling there to have more risk than Basur - though strangely we've also been told it was a single feature. But those wells should have been looked at during 'due diligence'. Then again UKOG knew HH was going t*ts up in Q2/3 in 2020 and they needed a bone to throw to the pi (and any placee)..........SS here - Xodus have you got anything with 'well' in the near future?
I know ocelot doesn't do 'technical' but I would compare the closure of Basur-1 and the probable Basur-4 target against the outline of Basur-Resan that UKOG had in previous presentations. Also take into account that this NW of Basur-1 'bump' is controlled by a strike line (which is parallel to the Basur bounding fault) and thus is likely to be 'tricky' to interpret. I wonder when (if) we'll get the latest mapping OIP figure for Basur based on this new mapping. It would only take a couple of hours (if that) so best left until the new seismic confirms (or otherwise) the current mapping. Wouldn't want to have to change that slide with the big circles comparing UK with Turkey.
Wonder when we'll get the update on te successful visit to Turkey!
HH seems to be plodding along and there doesn't seem to be any haste to do anything that might upset the little oil they are producing - I know the site enthusiasts think new pump = more production, but what happens down the hole in terms of pressure and balancing water and gas production determines what's possible. Looking at the Alba SP, I expect grasping at straws comes easy to GF.
As for Loxley - we wait for a farm out as it now seems the risk is such that it's possible that UKOG drilling it is dependant on the 'pre-planned' farmout, otherwise known as a farm out. Lot's hanging on that, though there seems a lot of planning stuff to do before even preparing the site once that hurdle is jumped - and maybe dependant on the planning being done.
Potentially he's a CEO.
3 months on and we are all still waiting. Says it all really. Not even a sniff of more oil.
No.7 in the charts for SP.
3 weeks since an operational update but sweet FA about the Basur trip last week and still no update on the website about the promised "A revised top reservoir structure map and seismic line illustrating the new feature will be made available on the Company's website."
And still they believe in SS. All hail SS.
We look forward to hearing of the Operator's plans for ... delivering on the inherent, and to date largely untapped, value of the Horse Hill Oil Field. (George Frangeskides of Alba in Alba's Final Results RNS of 19/05)
"potential"
What else had potential?
The Titanic
Woodford's Fund(s)
DeLorean
Bernie Madoff
That Nigerian Brigadier
The South Sea Bubble
Blockbuster
The League of Nations (and, later, the almost ineffectual United Nations)
Ocelot
Betamax
Enron
Tobacco
Yeah, "potential".
Even the word itself has potential.
But if its' potential is realised, it becomes a success.
And potential always slips back to being just that again.
Never more.
Mirasol
Not necessarily.
"Permitted development
J. Development on any land during a period not exceeding 28 consecutive days consisting of–
(a)the drilling of boreholes;
(b)the carrying out of seismic surveys; or
(c)the making of other excavations,
for the purpose of mineral exploration, and the provision or assembly on that land or adjoining land of any structure required in connection with any of those operations."
https://www.legislation.gov.uk/uksi/2015/596/schedule/2/made
and
https://www.legislation.gov.uk/uksi/2015/596/schedule/2/part/17
Pboo,
Agreed, the activists dominate this board and have done for a long time.
Unfortunately, they have been assisted by UKOG's succession of setbacks during the past few years and have made the most of that.
But, for anybody interested in UKOG as a stock, I would urge them to ignore the relentless negativity of the activists and take note of UKOG's potential via, in particular, Basur-Resan, Loxley and, certainly in the opinion of George Frangeskides of Alba, HH.
A seismic programme of any size requires planning permission
Ocelot
The Greenies like IBug who have never been invested in UKOG have driven most of them away.
Yes, I'm not an investor at the moment but have been a large one in the past.
It's just as well Pboo is still here, because there aren't very many of us: every day, the exchanges take place between the same very limited number of posters.
https://www.lse.co.uk/profiles/pboo/
Here is the list of recent posts by Pboo who insists he is not invested here. It does not include all the deleted posts over the weekend because of his mate who was banned.
Why is he here? Just to start an argument to get real posters banned?
Who said it was the same tanker? Can you see the markings? Not all waste goes back to Romsey or even Avonmouth. Who is M Munch?
Why are you still here?
Ibug
At least I have been a large investor in UKOG against your nothing.
I see you are trying yet again to mislead people. The link to the tanker at Avon mouth is not the same tanker that was at Horsehill yesterday morning. That oil is already at BP.
Is M Munch a Green friend of yours or are you actually Munch
Pre-planned is an interesting 'spin'.
Was UKOG trying to make it seem something was progressing already, what with a pre-unmentioned near term fund raise on the way.
Anybody else think that considering there was pre-planned work about to start at HH that there was nothing about HH in the Operational Update when it's the only 'operational' thing happening. Surely a few lines dould have been given over to an update about the presumably pre-planned seismic mentioned in a tweet in early July,is this the new way for AIM companies to avoid the RNS 'legals' (cf. ANGS tweets). There was of course plenty of BS about Basur (pre planned seismic, pre planned trip, pre-planned site search) and the Portland far distant and possibly uneconomi pre planned gas storage project.
How much did DL Tids make out of HH?
---------------
And how much did the Rothschilds make by obtaining news of the victory at Waterloo before everybody else?
Troll alert. He who says he is not invested here is back to provoke. How many days on the trot is that. How much money is he losing here. Must be a fortune given the bile he comes up with every day.
Pboo. Why don't you stick to peering out behind your net curtains?
Ocelot
Couldn't you work it out I was talking about farmouts?
How much did DL Tids make out of HH?
Is your friend M Munch the local Surrey Green Activist?
Angus/HHDL have nothing to do with Loxley's natural gas.
Given that the Loxley appeal was recovered on 06/01, there have been many months during which discussions could have taken place.
I can't remember hearing about all this pre-planned bull**** before. Or did they? I don't remember about Angus/HHDL doing it. My friend doesn't know either.
I suppose a pre-planned farm out is more organised than a surprise one - though I've never er heard of a surprise one, or did they just mean they had mentioned doing a farm out previously in the March Final Results and have finally got round to it.
So definitely not a surprise. Well it was pre-planned on 20 June and a certain ex-ex-ex-etc. poster thought it had already been sorted with IGas so shouldn't be long now.
PS: I've no idea who initiated the above subject-title, but I thank him/her for according me such prominence.
Imho, UKOG are seeking to implement the pre-planned farm-out of Loxley, at which point responsibility for the financing of Loxley's development will be fixed.
https://planning.surreycc.gov.uk/Search/Results
Still no sign of UKOG making any inroads into progress at Loxley. imo they are waiting to get any feedback on possible appeals by the loonies.
Thought I would re- post this post from 10:39 on Saturday, it might have been overlooked because ocelot's BFF filled the board with dozens of posts over the weekend, and them got them deleted - it relates to UKOG and to another poster on the board who won't acknowledge there are downsides to UKOG's projects:
'in my view, (is) perhaps one of the UK onshore's most valuable undeveloped assets'
You have to realise that it's an opinion, not a fact - in the view of someone who's view has been decidedly dodgy previously.
If it were a fact UKOG, never knowingly pessimistic, would not have put a Probability of Success of 60 to 70%.
'If UKOG can persuade the SoS of the encouraging prospects of its Loxley project'
What persuasion - I think you presume too much that the SoS did anything but accept what UKOG told 'him', and it was a legal decision that the planning application should not have been rejected. It's a very different proposition to persuading experts in another company who will be expected to pay at least their share of the appraisal well.
Overlooked by the market? You know this? Perhaps they realise that every UKOG project has been preceeded by over optimistic projections, that any sales gas will be many years away and gas prices, like oil, can rise and fall.
Presumably despite the results over the past few years vs what UKOG / SS has said ocelot still believes every word.
Luckily Ian has presumably some information about something - but like so many posters who are desperate for good news doesn't want the rest of us to know what this good news is going to be so that anything that might happen he can claim prescience - or is it just a hope?