Member Info for CynderLad

£5 lol

Certainly not a B&B ISA.

:-)

Say no more.

Penguins, I can think of 2 very valid reasons for HH1 dual completion.

First reason; Portland production rates prove poor, requiring that Kim be turned on to provide the extra boost needed for HH to bean asset worth keeping. Kim may not provide a huge boost, but even a small one of 25 bopd could be sufficient to make the HH site profitable as a stand alone asset. If Portland is only producing 200 bopd, and dropping, then having Kim give up a little extra may be necessary. Lots of questions as to whether the dual completion would be worth the costs. Any idea of costs?

Second reason; because Silent Steve will need to raise more funds for Turkey, and his favourite trick is to do some minor work at HH to generate some interest to get a placing away. If I were an II looking at making some $$$ from a placing, then I would want Silent Steve to give me some backing. I bet a dollar to a dime that the II placings have been done through some shady under-table dealings, with Silent Steve giving them the inside track on when news will drop.

Can you think of any reasons apart from the above, do they seem logical?

In accommodating the rig onsite at HH, I'm sure that UKOG will receive a slight rebate on rig costs. Maybe a small figure in the order of £500 per day for such a service. It'll be small potatoes compared to the daily rate for the rig. But UKOG will not be paying a penny for a rig not being used; unless they have booked it for that period and have an issue delaying its use on HH2z (which I do not see as being the case).

Still waiting on silent Steve for the RNS and a proper update on Portland, and a schedule of works for dual completion to flow from the Kim too. Also waiting for the plans/schedule for HH2z. Although I do think that Turkey will be drilled before we see anything happen to HH2z.

I'm sure shareholders will be happy that he is not posting. Maybe he found another play thing. Maybe he was playing reverse psychology and had short bets open.

Is it a loss to this board that Tymers is not posting? Its saving me from reading 10+ posts a day of complete dross.

That said, why am I replying to this thread? Duh, idiot, stop it.

Enough said.

Waiting for that RNS from Silent Steve. Must be soon.

CO2 is a national policy matter with regards to the O&G industry, that's a fact.

London getting a ULEZ was granted because it did not break any national policies in relation to CO2.

There will always be positive use cases, and there will always be negative use cases, but overall, the policy is there to drive the CO2 levels down to an acceptable level. You'll never reach a true zero emissions society.

The kind of thinking that CO2 linked to Oil consumption is a county council matter is just the kind of mindset that start the cash registers ringing in the legal eagles ears.

There is no legal grounds for rejection at SCC level, and the national framework does not provide a means for a legal challenge given who they've brought the case against. Seriously, its a laughing stock of legal cases, the basic concept is so flawed; they might as well bring a case against Tesco for plastic in the ocean.

Sting, I think it is a common thing, to see those against a company turn up in anticipation of bad news. I'm sure that there are some people posting here who have an emotional attachment to Sarah Finch, and are building a little bit of fever pitch in anticipation of the impending legal challenge.

As far as legal challenges go; it is one of the worst I've ever encountered. Trying to build a case against SCC because their planning process did not consider the CO2 that would be created by oil produced from HH.

CO2 is a national policy matter, it is not a local council policy matter. If they want to take a legal challenge to court, then their challenge should be at a high level, not at SCC level. I'm sure shareholders will not be too bothered by the case, except that when it is rejected it may create a spike in the SP.

I'm sure that the legal eagles working the case for Ms Finch will be happy to take the coin for as long as possible. But again, ssshhh, don't tell Ms Finch or the crowdfunding crew because every penny spent there does put some money back into the UK economy.

I look from the outside with an interest in the outcome of the case. "Pig in a poke" quotes not necessary.

Do people need to see daily pictures from site? There will be OGA stats for another month by this time next week. There should also be a RNS from UKOG with results of the HH1 workover.

Formal RNS and OGA figures versus something cooked up by someone on Twitter that has a massive issue with the company. Go figure.

I'm waiting for an entry point, I'm not waiting for a SP drop, I am waiting for the news and signals that the UKOG SP can go on a bull run. There are early markers there, but will it deliver?

I feel sorry for the people that crowdfunded the legal case to challenge HH 25 production approvals.

In my own experience, once approvals are given are granted, then that is it. Boat has sailed.

Good luck to Ms Finch though. I'm sure she will enjoy her moments in the spotlight.

Question is, how can SCC be expected to make a judgement of use of oil in CO2, when they can only make a judgement on the CO2 in extraction? Answer, SCC cannot rule on that. CO2 emissions from use of oil is difficult to measure; is there a globally agreed standard for CO2 per barrel?

1 day, 2 days, 5 days?
They've been on a pressure test for a few days now.
Expect flow back on tomorrow or Wed?
RNS must be this week.

There were a few on the drillordrop site that professed to being experts on traffic planning and swing path analysis. They said the condition would never be approved by SCC. Well, they were wrong, it just took a little longer than it should have.

I am waiting for that RNS, come on silent Steve, issue an RNS. This time make it juicy and provide a proper update on HH1 and HH2z with flow rates for the last 3 months, a schedule for work-over on HH2z, and a little more meat on the bone than the usual primary school updates. I've read Janet and John books with more technical detail than the bulk of UKOF RNS's contain.

Looks like FOTH has forgotten or has chosen to ignore the standard process used to get the HH1 well flowing.

1) Clean up to remove kill fluids, may involve some small volumes of oil and gas.
2) Short flow test (nice trick by UKOG to report on figures that are high based on a very limited time of flow)
3) Pressure build up test
4) Production

In that order.

As for FOTH, aka Dave the Drill, aka Horse account, aka god knows how many other accounts on Twitter, this is for you
1) Lies
2) deceit
3) envy
4) idiocy
5) spelling & grammar (are crap)

In that order, FOTH, read it and weep. You have no credibility with your hatred driven agenda and petty feuds. You should grow a pair and trot on to something that is a little less stressful for a man in your condition.

Have I missed the low point for entry?

I'm not jumping in yet.

Need to see that RNS on HH1 workover that quiet Steve is holding back.

Will it be decent initial flows, will they give us an update on the last 3 months. A general update on the Portland is way overdue, as is an update on the Kimmeridge. The kimmeridge has not been flowed for some time, but the dual completion opportunity, and their expectations, and maybe a schedule, is it too much to expect?

Kit left site earlier this week. Flare has been seen on the stack. A tanker left yesterday (may have been carrying oil from stock tank).

They must have some details now on HH1 and the work-over. That RNS is due today or on Monday at the latest.

Is quiet Steve going to hurt shareholders again?

Bullturn account = FOTH. Yawn.

I think there is a very real prospect of the HH site being in operation for the full duration of the 25 years that has been consented.

Even if it is a single production well and water injection well.
Even if it is a very small amount of oil.
200 bopd at $50 / barrel is $70k per week or $3.65 million p.a. If that drops down to just 50 bopd, then it is still over $800k per annum which is a lot more than many of the small onshore producers.

UKOG could go out of business, but the HH asset is showing real potential as a long term producer. Solve that water disposal cost issue through re-injection into HH2z and hey presto; a site with minimal running costs. Security would almost certainly be stood down with basic remote security via CCTV. They will not mind the odd day or two of downtime with campaigners sat on oil tanks.

Condition 8 to the application for 25 years production at HH is approved. That includes the swing path analysis of vehicles entering/leaving site.

Is there 1 remaining condition outstanding with SCC? I cannot recall what it is though.

That approval on Condition 8 is hugely important; but only if UKOG can now get the oil production up and tankers in convoys.

I have a feeling that well clean up, pressure test will mean that there may not be any oil flowing prior to Friday, then maybe a flow test over the weekend to fill the tanks. Could be a RNS on Monday, with 2 to 3 tankers per day on average through the week. If its just the 1 tanker per day through the week, then the indication will be that the re-perf hasn't really improved flows.

I sit waiting for an entry point. Need some good progress before I do that.

I'm still waiting for an opportunistic entry point.

Planning has been confirmed as 27th Nov, that was confirmed by way of RNS and SCC have clearly committed to hearing it on that date.

HH1 pump now back on.
Clean up for a couple of days? Will require tankers for kill fluids and some oil/water from the well.
Then pressure build-up test for 24 hours / 48 hours?
Expecting to see some more videos on Twitter from John Rogan / Tony by close on Friday with the flare stack showing activity (pending clean up and pressure shut-in test).
RNS next Monday?

I'll not be investing this week, maybe next week, and almost certainly in the run up to 27th Nov. Looking out for the 27th Nov committee line up and whether there are any progressive changes (hopefully Penny and her mates are replaced by others with a pragmatic understanding of the law and their duty to uphold an approval lacking a legally valid counter-argument).

FOTH, been on the grog on a Monday? Watch that ticker sunshine, wouldn't want half of the UK out of business because you were unavailable to test fire extinguishers. As for investing, I'll take my own advice and do my own research on that. Anyone who takes advice of FOTH would be better off seeing a tarot reader.

FOTH, aka Dave the Drill on Twitter. Just because UKOG is not the operator, does not mean that they cannot send equipment to Turkey now does it? Oh dear, were you making assumptions? Take the first 3 letters of assumptions, that sums you up FOTH.