Member Info for Bubblepoint

Deburgh/Adrian,

If someone is buying then ermmmmm it is from their paper round monies, 90% of the just 46 trades so far are for less than £100, with the highest being £5k, just one, and the remainder just a few hundred at best.

Now, if you "think" that is a sign, then I would book with your GP to get the meds upped.

Let me know when you see 50-100m share trades bouncing through then, and only then could it be a sign, good or bad.

It'll be Adrian averaging down AGAINNNNNNNNNNNNN !!! pmsl

What's going on here then ?

£1 soon !!

LOL!!

Markie, that "may" happen, if they do a shares consolidation, say 100 million to 1, that might work, lol

Singhie,

You talk absolute twaddle, you post things as pretty much fact, when in reality they are wishful thinkings, nothing more.

Also if you are such a strong believer in gas futures rallying because of more War issues, and near nuclear winters then forget bothering with piddly Angus, et after the futures, go trade them !!!!!!!!!!!!!! you will make 10 fold if you are correct, but I doubt it.

Yes I do call them clueless, WHY ?? because they simply used the information pumped out to the market to spout the nonsense numbers, same as the ermmmm Weald NEW Texas, with BILLIONS of barrels of oil, that are there, BUT virtually immobile, so yes, they are as clueless as you are !!! FACT

PMSL DeBurgh/Adrian.

You are totally clueless, UKOG did their USUAL numbers STUNT, how do you do that ?? let me explain.

So once you have drilled and completed the well ready to test, you leave it for "some time", and allow oil to seep into the wellbore and create a reasonable "OIL LEG" , then you start the pump for say 10 mins, enough to pump that slowly accumulated oil leg out to surface, THEN STOP.

So you then quickly beaver away with a calculator, OK, we produced a total of 4 barrels of oil in that 10 mins, yes that is a fact, even though it was immediately followed by water and a little bit of oil for the following 10 mins. But But BUT lets just focus on that first 10 mins.

So hmmmmmmm,,, 4 barrels in 10 mins is equivalent to 24 barrels in an hour,,,, LOOKKIING GOOD,,,, OK, so we now go 24 per hour x 24hrs in a day,,, WAITTTT for ITTTTT,, the calculator is in overload !!!! = 3456 barrels a day !!!!! BOOOMMMMMMMM numbers for an RNS..........

THAT is what they do, they play with a micro fact to give what is a totally impossible number to the market and sucker punch !!!

It might be a little complicated for your neep to take in,,,,, take your time, read it slowlyyyyy and a few times, you will get the idea.

You can do the same for Turkey too, how many egg cup fulls of oil in a barrel ????? you know the script now ;-))))))

Ninja,

The problem you have is you are simply hoping on some national or global event to give a leg up to Angus revenues, when in reality anything like that "should" only be deemed as a "bonus" to revenues from production.

Simply hanging on to such events in the hope it will provide some short term relief is really desperate, if such an asset cannot stack up properly in normal conditions then it simply isn't an asset, it is borderline at risk of being a burden.

Ocelot,

""£250k is a very useful annual cost saving.""

Some see just a turrrrd, flies will see it as a meal, you can sugar coat it all you want, but it is still a turrrd underneath.

Ocelot & Adrian deburgh,

Even SS openly demonstrates that HH runs at a loss, and likely ALWAYS will, and the below is ONLY the cost saving on reinjection of the produced water, not all the other associated costs of the field. !!!!

Net revenue £250k per annum, £250k operating costs per annum.

The water injection programme seeks to improve the field's net earnings by approximately £250,000 per annum by eliminating the substantive costs of tankering and disposing produced saline formation water at distant third-party sites. The removal of tankering will also reduce the field's overall carbon footprint. The injection itself will help maintain reservoir pressure

Stephen Sanderson UKOG's Chief Executive commented:

"The new boreholes are a key step towards delivering HH-2z produced water reinjection, ultimately designed to help reduce operating costs by some £250,000 per year and improve the field's oil recovery. The work is fully in keeping with current environmental standards and practices and demonstrates UKOG's responsible attitude towards ensuring the area beneath the site remains as well protected as possible."

Ohhh and to politely answer your question, they have been going at it a HH for almost 10 years, including testing etc, 185,000 bbls of production, but then you have to break that down a little, 10 years x 365 = 3650. 185,000 divided by 3650 = a grand average total of 50.6 bbl/day, yes just a smidge over 50 barrels of oil a day average, plus a lot of water.

So now you know what the AVERAGE production is, now you go and add up the total amount raised since the START of HH, and then divide that by 185,000 to see how much it has cost per barrel ever produced from HH.

Can you do that ??? or is it a little too taxing for you ?? I think I know the answer !!!!

No Nooo,,, Deburgh/Adrian

I know exactly what they produce, but you failed to answer the polite question I asked first, HOW MUCH HAS UKOG RAISED SINCE THE START OF HH ??? Or does your calculator go to EEEEEEEEEEEEE when trying to add it all up lololol

DeBurgh,

I can categorically assure you I have that much research stuff on the Weald that it could probably fill an Olympic swimming pool, and then all I did was apply my 30 years of detailed industry experience and knowledge, to conclude many aspects of what and where I invest/trade.

I really will not take you up on you kind sharing of your worthless knowledge of UKOG, I will stick to my way, cheers.

OK deburgh,

I will simplify for you, and I am going to be generous here, if every share has a placing cost of say an average of 1p, just 1p, then that would be £10m for every billion issued, so around £210 million, or you could be ULTRA kind and say the average was 1/2p, well that then equates to £105m.

Either way I try to be kind and it still comes up to a phenomenal amount of money for the production of 1/2250th of a teaspoon of oil per share or thereabouts !!!!

You see where I am with this DeBurgh ??? SS really is like the Lady covered in red !!!!!! it is simply that embarrassing !!

DeBurgh,

Do you have ANY idea just how far £3m goes with SS ?? hmmmmmmmmmmm

Tell you what to do, and you will be shocked, go back to the START of Horsehill, right at the beginning, then ADD all the cash raises up from that time, and you will be shocked (or you should be), because that is what he has burned through to date, and shareholders have somewhere around 1/2250th of a teaspoon of oil a day to show for ALL of that cost & time.

Now lets see what £3m of that massive total amount raised since day one equates to in percentage, and then you can see just what a wonderful return you can expect on the latest £3m !!!!

That's fair right, if all the funds so far have been put to good use and provided even a mild to modest return for shareholders, then you should come up with a decent number ???? good luck... I won't wait for your answer as the reality you will find will likely leave you in shock !!!!

DeBurgh,

Ramping & derampng ??? nope, just facts, as for swing trading, well, whatever you want to call it !!!

I do trade, because ermmmmmmmm that is what you DO at the MARKET !!!

Have you ever spoken to any market stall holder anywhere in the world that has said, """ nooo I don't sell, I hug & hold,, and buy more to average my cost price down, I won't sell, even at a loss to buy something more worthwhile and profitable !!!!!!!!!!

Ehhh welll have you DeBurgh ??? Nope, you have not, because the stock MARKET is like any other market, you buy your stock with the plan to sell it at a profit, be it tomorrow or next week, month.

Now, can you please explain exactly what you are accusing me of before you make yourself look more STUPID than you already do !!!

Justbe,

They will be extremely lucky if they can find any service provider willing to run 7" guns in that well, at that shallow depth, in a well that has not enough volume due to depth/size, and has no where near enough ability to create suitable hydrostatic pressure for these guns to work properly.

As for this deluded Hydrogen storage in salt caverns, well it is already being done in the UK, there are 27 caverns exist in the UK, but they cost on average £25 million each to drill the 2 wells needed to circulate out the brine, and then you will also spend 5 years or more just getting approvals and local planning.

Since UKOG don't really have any oil of worth, and don't have enough in the bank to cover the hobnob costs in the tea shack, and already have 21 billion confetti shares in issue, then I really doubt this is anything more than an SS pipe dream, he is nothing more than a DL wannabeee

Ocelot,

Even a broken clock is correct twice a day, but behind the face the workings are shot to sheeete

Ocelot,

They likely don't have enough left over each month to cover the cost of the hobnobs for the tea room unless the GF is sorted and gives "some" headroom. All their waffle of great plans and expectations is lost in the wake of GL and the wonderful burdens piled up at SLBY.

The odd thing is, BV seems to think everyone is honest about their holdings etc on such faceless forums as this, when in reality its FAR from the reality, and actually not holding any stock lends to giving a much less polluted or bias opinion/view.

For the sakes of BV, and to stave off some serious head wobbles, I hold 8 million shares OK BV ??

For everyone else, I actually hold zero stock and continue to refrain from them until such a reasoned opportunity arises, but don't tell him

I would be more interested in knowing what is happening on the illusive Global financing, than some butterfly effect from Australia LNG on futures prices, the futures will be creeping up in the coming weeks regardless as cooler temps creep in !!

Seems to be taking some effort to try and glue something together, or find something that isn't just as bad as the payday deals already in place.