George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Penguin,re:-My 11:39 post there was absolutely nothing wrong with the punctuation, commas ARE punctuation.
There was no reference to your post but there were references to other peoples comments and research (plural).
But if your inflated ego means you can't admit your obvious indiscretion so be it.
I hope my punctuation in this reply suits your high standards, oh and by the way there has been quite a lot of misspelling in your posts recently but not all of us are as picky as you.
My posting style is what it is..........nothing to do with my understanding of English
Who started the silliness...........you did
ozzy,
you are just getting silly now, you're hinging your argument that for some reason I'm deliberately misunderstanding just because some of the definitions of diligence suit your view - but others suit mine.
diligence means - as you quoted:-
Careful work , or careful effort, or persistent work, or persistent effort.'
Note the 'ors' in the definition you accept - 'Careful or persistent work or effort'
How am I to know what's going through your mind when you write. Perhaps it would help if you used at least some punctuation and paragraphs - streams of conscious may make sense to you but this post was a single sentence interspersed with your trademark '...'. and multiple commas. So there's no unravellabl separation between comments about the post and your comment you say was about my general posting.
But perhaps more important reading through it all again you seem to be suggesting that unless something can be proved there is no point of trying to predict what is likely to happen, especially (or perhaps only) if it's in your opinion 'negative' - and this seems to be a theme of your more general posting.
'nothing can be proven either way due to complexities and lack of information, so that is where I'm coming from when I say there's nothing to discuss'
Did you realise that this board is for 'Share Discussion for Uk Oil & Gas' (not discuss other posters) - you may be 'not qualified to do guesswork in this field' but there is enough information even on this complex subject for a reasonable, justified opinion of likely outcomes - not guesswork - just because you can't doesn't mean nobody else can speculate - and there's plenty that do without any justification.
Anyway as this is getting way off a discussion of UKOG if you want a reply to further posts on this subject I suspect I'll have covered it somewhere in this (or other) thread.
And another from Adrian the swing trader… Freeasabird #UKOG VOTE STEPHEN SANDERSON OUT!
Back by Popular Demand
Enough is enough, the directors of UKOG need to be ousted.
We will pursue action to have Stephen Sanderson, Allen D Howard and Kiran Morzaria removed from the board.
sanderson-out.org
BOD Not buying share tut tut.
Here’s a classic from top ramper Adrian… Freeasabird #UKOG I still to this day cannot believe that Sanderson and the board of directors think it smart to RNS they would all buy shares and the renegade on those words.
They have shown utter contempt towards share holders on many occasions.
This time I think they will be removed.
Penguin, how could i possibly be acknowledging your post when I was referring to your research.....no next time you read a post from me, read it with the full understanding of the English language......and read it as it was meant, not as you would like it to be.......old habits die hard.....it would have been nice if you had just accepted the compliment, perhaps it was too big a pill to swallow.....did you look up the definition of diligence?....it explains everything
Ozzy,
this is getting ridiculous.
I accept you meant it one way and I took it another - your dictionary definition proves nothing except we can both justify our interpretations.
Ozzy
Careful.........or......
Thanks for acknowledging I was careful with that post or was it the product of my PERSISTENT work on UKOG.
Next time you reply to a post I'll have to remember you may be thinking about my whole oeuvre and not specifically commenting on that post.
Penguin, yes, how could you possibly have misunderstood my comment
" I commend you for your diligence although i conclude it is over negative "
Meaning of diligence.....
Careful or PERSISTENT work or effort
As in sticking to researching a project and seeing it through to the end.
It was a compliment but if you don't fully understand the meaning of diligence i can understand your misunderstanding or perhaps you would never expect a compliment from me.....not meant to be patronising just an honest explanation
Careful or PERSISTENT work or effort
Penguins
At the time I identified it as a possible old "NOV" model and one of it's uses was injection. At the time I just couldn't see what else they would have used it for. It has just been sat in various places around the field since then. Can't remember the last time I spotted it in a picture though. The one shown on twitter was the original shot taken from a video on the 11th.
"Instead of which, they are showing signs of desperation, as if they believe UKOG may be quite close to a significant recovery."
No signs of desperation - just resignation that the pattern of the last 3-4 years continues - what IS desperation is still backing the BoD without a hint of realism Ocelot
Ibug,
indeed - I posted this on 12 June 2020:-
'This sort of pump is for shifting liquids around a site once they are at surface, or they can be used to push liquids into a well (gulp, eg converting HH-2z to an injector).'
Strange they only mentioned using injection as almost an afterthought 'possible' use for HH-2z (perhaps implying the others were probable uses) when they'd already got the pump - from the 30 June 2020 Interim results, I suppose they already knew HH-1 was getting rather wet so would use it somewhere:-
'We are reviewing a number of options for the future use of HH-2z, including stimulation to return it into longterm oil production, sidetracking the well to a different subsurface location and possibly converting it into a
future water re-injection well to further reduce future operating costs (as foreseen in the Horse Hill field
development plan presented to the OGA earlier this year).
Couldn't find the picture from last year though on any of the usual twitter accounts.
Ozzy,
how could I possibly have misunderstood that your reply to my post which included this:-
'I commend you for your diligence although i conclude it is over negative.....but thanks for your reasonable reply'
as being a comment on that post and not a general observation? It certainly seemed like it to me.
Ocelot,
It doesn't look good though does it - spending all that money(100% UKOG) preparing a site and drilling a lot of the well with on target based on a map (if there was one) that's so wrong they decided to abandon drilling when the bit got stuck and wait for the seismic they should have shot befoe drilling - let's hope it provides decent data and enables mapping something close to their pre-drill structural configuration. Given how complex the Basur/Resan structure is there's the likelihood the interpretation will be biased towards confirming the site is OK if the data is in any way ambiguous.
The placing and open offer of this July was undertaken more than 50% higher than the current mid-price, at 0.18p.
Since then, in terms of UKOG's own development, the Basur-3 drill has been suspended to allow for the collection and interpretation of seismic data.
But suspension doesn't mean cancellation and, hopefully, the seismic data will enable the partners to resume drilling with greater precision and to greater effect.
"I have Skwizz on filter"
Don't blame you.
Shows you're brighter than some others here at least.
Don't believe the rest of it for a second.
"With UKOG's share price close to its all-time low, one would have expected the naysayers to be acting in a pretty relaxed fashion at the present time."
As one of our key ramp-brigade you'll find this hard to comprehend, but maybe those you call "naysayers" are not actually trying to de-ramp the share.
Maybe they're just commenting on the fact of it and the board's appallingly poor performance.
Penguin, and nobody is saying you are wrong, just that what you are saying is negative and can't be proved right until it's been finalised.....future events "may" be successful and some past failures "may" be corrected......i think that's a reasonable assumption, who's right and who's wrong is unprovable at the moment and irrelevant
Penguin, why do you always " missread " other people's posts....I wasn't referring to your post being over negative, i was referring to your attitude towards UKOG, i don't know how you came to that conclusion
ocelot who endorsed Zakmirs pump and dump by agreeing the SP would be 0.9p by May this year based on nothing at all except a chart and hope - and an ongoing P&D that fizzled out.
Now that was desperate.
If only anything that ocelot said would happen, often by repeating the company's propaganda without a reality filter, or had looked like it would be successful then the so called 'naysayers' wouldn't have had to post honest opinions about the projects and activities to set the record straight.
Calling posters 'naysayers' that at least try to get ahead of the dire lack of information from UKOG - and UKOG's inadequate, late or even completely absent 'bad news' RNS is sheer laziness - it would be astonishing to see a well thought out explanation of why every project will be successful rather than the equivalent of 'your wrong because I don't agree with you'. Looking at the SP chart the reason the analysis is almost always negative is that there hasn't been any truly good news to date. The problem so far with SP rises based on permissions is the delay and then the outcome of the activity.
Ozzy on that theme - you said about my post 'although i conclude it is over negative'. What's your reasoning is it you'd 'like' it to be more positive or is there a basis for that conclusion. I think overall it's more positive than UKOG's statement - I do acknowledge there could be improvements in production (not 'will' be).
It's curious, isn't it?
With UKOG's share price close to its all-time low, one would have expected the naysayers to be acting in a pretty relaxed fashion at the present time.
Instead of which, they are showing signs of desperation, as if they believe UKOG may be quite close to a significant recovery.
Ozzy,
That's the approach of the desperate football player, attack the man and not the ball.
Ibug,
I don't know how you discredit a list of outstanding news items either. I have Skwizz on filter, so don't know precisely what he wrote.
Ocelot, absolutely but I think the likelihood is they were intending to discredit you.....on a bigger hiding there I think
ocelot
How can you credit/discredit outstanding news items you don't know the outcome of? Isn't that Adrians job depending on which way he is swinging at the time? I hear here he is posing posting pictures of a pump that was delivered to the site last June in an effort to drum up support given the lack of any other news.
Ozzy,
if the naysayers are seeking to discredit a list of outstanding news items, then they are on a hiding to nothing.
Ocelot
It is a case of tick tock for some licences although the OGA have been very good at giving extensions when applied for. They just need to keep on top of when they run out.
Deadlines
HH
The respective RA programme deadlines are now as follows:
· PEDL137: commence drilling a Kimmeridge appraisal well by 30 September 2022.
· PEDL246: commence drilling a Kimmeridge exploration well by 30 June 2025.
Loxley
Loxley-1 drilling must now commence before 31st December 2023
BB
Second Term End Date 30/06/2019
The planning extension, which was recommended by WSCC's planning officer, will expire on 31 March 2022.
Arreton
Initial Term End Date 20/07/2023
Ocelot, it's just the naysayers discreditation process