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cyan2
You see that one way I see it another & believe that what are currently 10's of millions in the UK will become 100's of millions in the UK & if Turkey is already 100's of millions it has the potential to become billion's of barrels but we will see.
Maybe you should look at SS's previous discovery record.
That's why I am invested & you are not!
Good afternoon wizard 125.
You wrote;
"Although there will be plenty more development at the HH, PEDL234 & IOW licences which should make us a UK mid cap oiler, Turkey would take UKOG even further if it is not bought out first."
Listen to Sanderson extolling the virtues of Turkey here;
https://www.youtube.com/watch?v=rEu4M3nCkWI
He trashes the value and volumes of oil in The weald in particular from 1 min 30secs.
If The weald was so wonderful he would continue to prioritize investment there and not gamble in Turkey with what he himself describes is "a roll of the dice"
Jaffy
Although there will be plenty more development at the HH, PEDL234 & IOW licences which should make us a UK mid cap oiler, Turkey would take UKOG even further if it is not bought out first.
wizard125
Thannks for the reply
We all live in hope that this time things come to fruition
Jaffy
Somewhere down the line it is clear that Penguins has a major grievance with UKOG.
The problem is that he, myself & many others have not understood that there are forward looking statements & indeed who would of thought that in 2021 we would hold 86% of the Horse Hill production licences.
It's obviously taken longer than expected especially with all the regulations & delays. I'm in for it to play out.
Gl.
Mirasol
Because i am one of the LTH You ....
Penguin, I fully accept alternative opinions....even the jumbled up ones designed to confuse.....i didn't mention the status of wells, or Turkey.....I was talking about exploration as a concept......as far as Turkey goes "if there is a bad result i will be the first to say "you were correct"......but that remains to be seen......shareholders can wait......why can't you
why are you here Jaffy? Us LTH's haven't had much of the benefit of your 7 years of previous posting (allegedly) on LSE before
Penguins why are you here...
You seem a well informed chap, from your musings you think UKOG is a less than usless company so why are you bothering
with it, please dont give the altruistic angle, as you appear to be a very subtle deramper, a trader you my be but why have you picked on this company im sure there are other company's you can play with.
Would it not be more philanthropic to leave the LTH to their own devices
Ozzy,
You just keep to reading UKOG RNS - it's worked so well so far.
No messy stuff about production, maps, justification for projects worth 100s of millions in Turkey, imformation about HH.
Nothing is known with exploration wells - this is described as an appraisal well, and anyway usually a lot is known about what might happen unless it's wildcat drilling (ie no previous wells) - drawing in infrormation from analogue (geological lookalikes) fields and other local wells to establish what is likely from the reservoir.
Justbe
Production from other wells on E Sadak in the available data has wells apart from #1 coming on at about 200 and 400 bopd, and dropping rapidly. Production in November 2020 from all the production wells (AME identified 8 production wells) at E Sadak was 410bopd.
Penguin, ,,IF you auntie had cajones she'd be your uncle.....well you must have hundreds of uncle's cos we've certainly had alot of ifs.......look up " exploration " .....nothing is certain until what you are looking for is found..........sometimes the obvious has to be stated.........unfortunately.......the shareholders are prepared to wait for news.......why can't the naysayers......fair question?