Member Info for CynderLad

Oh and Skwizz, when you state; "But you kick it off again in a new thread."

Um, that is my right. This is a discussion board. i.e. for discussing things that are relevant and on the near term horizon.

My use of the UKOG board for discussing relevant UKOG topics is what it is designed for. Its not a blog service.

But, I know why you don't want to discuss UKOG, and would rather discuss anything but UKOG, and even brag about your unproven trading mastermind results.

Skwizz, I really dont care for your pseudo trading blog on this board. FTSE is not a dart board where money can be made without risk. You and ohmetoe and clearly trying to deflect proper conversation of UKOG on the UKOG board. I wonder why?

Ibug. Thanks for posting that. I watched the entire replay and it was tedious to say the least. Regardless of what SCC did in "full on panic mode" in the meeting back in the early summer. I think that they will not try to take the same approach for refusal as they did last time. It would be folly and I dont think they'll have a leg to stand on from a legal perspective. Their own planning officer and legal counsel, and chairman made that clear in the meeting. They put up a wishy washy reason in the second vote on the matter. They were in chaos, and I bet the chairman was happy to get the meeting finished before having a few drinks to settle his nerves.

I fully expect UKOG to have the planning approved, be it at the next SCC meeting or via appeal.

p.s. I do not have a Twitter account, the organisation I work for has very strict policies on social media applications and usage, thus we are encouraged not to have them (if we do, then they get monitored). Its a bit of a pain, but I'd rather avoid a slapping for my political views, environmental views, etc.

Ok, will kick off some debate. And I do not want to see replies along the lines of (SS bonus, SS quiet, lifesytle, eggcup issues, etc). Keep the conversation sensible please.

Discussion Point 1 -- Horse Hill
- We were assured by way of RNS that HH1 would be subjected to additional perforations of the Portland, and that this would be done in the summer of 2020. By my reckoning, that is overdue, but maybe this will happen soon pending some supplier hook ups.
- We were also informed by way of RNS that they would move HH1 into dual completion, with both Portland and Kimmeridge to be flowed. So that is another key milestone for this well.
- We've seen production data for HH1 show some water cut in the May 2020 figures. It was speculated that this may have been kill fluids as the well may have been killed during some workover. I've not seen the hard evidence to support that argument (kill fluids). But we do know that the production data for June 2020 is due before the end of this week.
- Then there is HH2z. Its been shut-in for some time now, and we have not been told whether anything has been progressed on that well. We are aware of the additional water issues, but not what UKOG plan to do or on what timescale (not that their timescales can be taken literally).

Discussion Point 2 -- Loxely
- Planning refused on very uncertain terms back in the early summer.
- Looks like SCC have taken external advice on the matter, and that is likely to be of legal counsel.
- Due back to SCC, will it be heard in October? We wait and see? Will it be the same 11 SCC councillors and if so will they vote any differently?
- If it is refused a second time, then I think we can expect a delay of 12 months whilst that process deals with the matter. But based on what I observed in the recording from the dismal meeting back in June, it seems highly likely that the appeal would be a success.
- Or will SCC play the deferral card and insist on input from the local travellers (something that I would find a tad strange).

Discussion Point 3 -- IoW
- Looks like the IoW planning committee is against any further deferral and can kicking.
- Seems likely to be heard this side of Xmas
- Large number of objections, but are there really any grounds for refusal?
- I must admit, the site location is excellent and I dont see any impacts, much simpler than Loxley (good roads, no wedding business, etc)

Discussion Point 4 -- Turkey
- Must be getting close to an announcement on progress with the Turkish Government.
- Do UKOG have sufficient cash in the bank to cover the cash call of the first drill? It will be a slim bank balance if they do.
- On-going operational costs at HH will be quite low, but what is the current burn rate?

So plenty to discuss. Happy to discuss. But keep it on point.

Correct. And despite there being a filter function, I do not use it.

But, there are a lot of people on here who are not invested, or ever likely to be invested. Lots of XR people creating noise and nothing more.

I do not see much technical debate going on. Its mostly "10p this" and "UKOG United that".

Probably the worst board for proper discussion for real investors that I've ever witnessed, and that is saying a lot, given I just stopped using another board.

It does make me laugh that Skwizz may think that anyone really cares about his dull posts. That also applies to many others here whom tend to post meaningless rubbish day after day.

Davethedrill on Twitter is the new account of FOTH. He really has switched to full on UKOG hater. He'll be drinking nettle broth with the swampies next.

Argus, yes spot on, that is the post.

That is a copy and paste from the old FOTH Twitter account. His old mate John O Callahan. ANd you see he signed it FOTH, that is because he would have copied and pasted from Twitter into LSE.

His posts are so transparent, its clear Shan Jo is FOTH. I thought he was banned on LSE, going by his old grumpy posts on Twitter.

It takes something very serious to get a Twitter account suspended. Not sure what he did though. Any ideas?

We await the news. A small placing may be required. But I'd not expect that to exceed £1million. It would not a massive raise with huge dilution., as was the case with the Tellurian buy out.

FOTH didnt pass any exams, he bunked off school all the time to play soldiers in the bushes.

Or maybe it is the perf gun equipment. How would you know Shan Jo (I mean Adrian, aka FOTH), as you say that you dont go to site any more.

Oh, and for those that say, well it will only power 200,000 homes. Go get a life. That's 200,000 homes, which is a considerable number. Those talking it down as only a small % of the overall gas needs to the UK, again, go get a life. Gas is essential and there is nothing better than that produced in the UK (onshore or offshore), that is regulated by the best of the best in the form of the O&GA, the EA and the H&SE.

Following the comedy of the 6/5 vote, SCC have taken external advice on the Loxley planning application. I can only assume that the external advice will be a legal one. The councillors who voted against the application did so without forming their reasons for doing so. In some cases, it was evident within 15 minutes of the meeting starting, that certain councillors were going to vote against the application. The planning officer recommendation remains unchanged, PERMIT. The legal position is that they cannot refuse on the grounds that were given in relation to transport or that associated with no proof of a new for the development. SCC cannot overrule national planning policies and frameworks.

So will it be passed at the next meeting, that depends. Will the same 11 councillors be voting? If so, then I do expect the same result.

But will that stop UKOG getting it approved of appeal, not a chance in hell. UKOG will get the Loxely development approved on appeal. You can take that to the bank in my opinion.