Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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|Munch's outbreak of ... suggests........ it's Ozy/Adrain/Fool
"Doubt any of the posters are short, "
You are right there Ocelot - No-one has ever shown it is possible to short the small oilers on AIM
These days you can't even get a spread bet on
Doubt any of the posters are short, that really would be a high-risk position to take at the moment, with the share price so low and news from Basur-3 due almost any time.
If you're long, you can't lose more than 100%. If you're short, and find yourself confronted by a sudden hike in the share price, your losses can exceed 100% (you can put in limits, but you still need to be able to execute at those limits).
How sweet..
Isn't it about time you all moved on...i really don't understand why you're all here, bitter and twisted and wasting your valuable time posting endless negativity on a share you're not invested....surely you would be better off posting positives on a share you might be invested, it can't be good for your soul or mental health....unless of course you're all betting short.....in the meantime i'm extremely excited at the prospect of potential good news from Basur-3 which could add signifcant value to my recent investment here, a feeling that i expect you all haven't experienced for some time.... Gl ;-)
Mm,
I missed this quote from you;
"But when the energy from those hot rocks begins to be harvested, there likely won’t be anything much to see."
That's correct - just the same as from a producing O&G site Onshore the UK.
Both have a hugely smaller visual and areal impact than Solar or Wind, but that hasn't stopped the vociferous 'NIMBY' protestors from objecting and delaying projects with pointless Court cases.
Way lower. ;o)
Ibug i hope your average is not much more than 1.5
Mm,
Rather than continually posting PR from a report by a Company after Govt subsidies and decrying what you call a "totally ridiculous display of negativity from UKOG derampers", perhaps you could do some research and post links that are able to rebut the "derampers" points?
In the meantime;
Does Geothermal have a place in the Global response to climate change?
Absolutely. Especially as it's the only renewable that provides a constant, predictable source of energy. That's a fact.
Can Geothermal power be produced economically? Yes it can and is in several Countries (e.g. Iceland, Kenya, Ethiopia). That's a fact.
Is the UK resource poor when it comes to the Geothermal gradient and therefore does not have easy access to the temperatures required to make Geothermal economical? Sadly, that's also a fact.
Is HH suitable for Geothermal energy production? No, the temperatures that exist in the current wells are too low. That's a fact.
Is induced seismicity a potential problem with Geothermal? Yes. That's a fact.
Have Geothermal projects been shut down because of induced seismicity? Yes. That's a fact.
Does Geothermal in the UK come under a different regulatory regime than O&G industry, otherwise the induced seismic events would have shut the Cornwall project down already? Yes. That's a fact.
Does UKOG have the money to pursue a Geothermal project? No. That's a fact.
I await your well researched, well thought out response with interest.
MRPlumper
I take it you can read? What do you think?
And what camp do you belong to Ibug
I have something to say!
Greed is the root of all evil and there are plenty on here who will do anything to try and get their money back due to previous poor investment. You will also get the short term traders trying to drag new investors in before they make their exit. If you are stuck on over 1.5p after the last influx of shares you will still be here moaning next year imo. It is not exactly difficult to spot those in each camp.
Some ramping posts are getting desperate - trying to promote / profit from an unfunded and unannounced geothermal plant reeks of an expectation of bad results from Turkey.
Or, are some people expecting poor demand for the Open Offer to be announced tomorrow and the news to damage the share price even further?
The Geothermal revolution is starting now, and no doubt the UK Government will give its full backing in due course with financial incentives and regulatory initiatives, and so a big positive for Ukog's early move into what could become a highly significant industry in providing clean, green and renewable energy for the UK for may years to come....obviously very early stage for Ukog, but a totally ridiculous display of negativity from the derampers of Ukog, given the huge potential and prospects of what could become a multi-billion dollar industry in the coming years...good to get in early on whatever direction Ukog take, and no bad thing that Ukog have. Gla holders ;-)
Don't forget that induced seismicity can be a problem with Geothermal.
https://www.cornwalllive.com/news/cornwall-news/cornwall-43-earthquakes-recorded-past-4838568
https://www.itv.com/news/westcountry/2020-12-30/dozens-of-earthquakes-recorded-in-cornwall-in-just-50-days
Just as well it doesn't come under OGA regs, as they require the O&G industry to shut down at anything over 0.5 on the Richter scale.
https://www.telegraph.co.uk/news/2019/05/04/government-has-double-standards-allowing-drilling-devon/
In the past, geothermal induced seismicity has caused at least one project to be scrapped.
https://en.wikipedia.org/wiki/Induced_seismicity_in_Basel
Munch - doesn't say anyone is making money
https://www.thinkgeoenergy.com/thinkgeoenergys-top-10-geothermal-countries-2020-installed-power-generation-capacity-mwe/
And no change in output from 7 of the top 10. Turkey however is loading up in it.
Geothermal heating for greenhouses - why not carbon capture for co2 enrichment in those greenhouses as well?
The greenwashing gets even better then, maybe UKOG could then apply for the Green Economy Mark from the London Stock Exchange?
Lol Mirasol....the Germans, the French and the Dutch by the looks of it are making plenty of Money!!! gl ;-)
Germany’s use of deep geothermal energy reduced the country’s emissions by more than 1.7 Mt CO2 equivalent in 2017. In addition, there is the creation of skilled jobs, the industry is estimated to have created more than 22,000 jobs and added €13.3 billion to the German economy since 2000.
The success of geothermal developments in countries such as Germany, France and the Netherlands is closely linked to their governments’ commitment to supporting this technology through policies, regulations, incentives and initiatives. This success is specifically linked to the availability of a long-term, stable regulatory framework and the willingness of the state to share economic risks during the early stages of development.
Michael Chendorain, Associate Director at ARUP, said that UK can match or even surpass this success should the Government provide the right support package: “The UK’s deep geothermal resources are proven and can play a key role in decarbonising heat which makes up around 40% of the UK’s energy consumption and nearly a third of UK greenhouse gas emissions. Homes, universities, hospitals, and a broad range of industries can all benefit from a deep geothermal revolution but this will require Government support.”
https://www.thinkgeoenergy.com/geothermal-for-economic-decarbonisation-opportunities-uk/
Penguins
Probably because they will have previous data from down to about 8000 feet at HH-1 and have already done the sums to see if anything was cost effective.
ps much more ludicrous to disount future potential and prospects on Ukog's Geothermal initiative. Gla Holders....Fingers crossed for a positive UPdate from Basur-3 this coming week. ;-)
warm water might work - greenhouses or heating up Gatwick Terminals - it works in parts of NW Europe.
But have you noticed EVERY small oiler is now peddling geothermal? They'can't compete with the likes of Equinor or BP in wind generation and they're desperate to have something else , other than their failed oil and gas projects, to peddle to the credulous.
I'm surprised they aren't into micro-nuclear TBH :))))))
£8.3mm would barely cover the cost an essential piece of infrastructure at United Downs and final testing.
'In February 2020, Thrive Renewables announced its intention to invest up to GBP 6.5m to complete the final rounds of testing and to build the geothermal power plant at United Downs.'
But the scheme mentioned by UKOG does not seem to be a deep geothermal project 'we have also invested in a scoping study aimed at cogeneration and standalone geothermal energy at Horse Hill'
Tell me Munch - who has ever made any money from Geothermal in W Europe?
its ALL dependent on vast subsidies.................