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Thing with Ruth, just as is the case with Ms Sarah Finch, is that they are hypocrites. The XR mob are not doing everything that they can to reduce their own CO2 footprint. They'll be using gas at home, electric at home, and fuel in their cars (whether oil based or electric). Thing with electric is that over a third of it comes from Gas generation, so their direct use of electricity results in gas being burned.
And NO I do not buy the "I use a green electric supply company". All electric comes from the grid, you cannot chose where it is generated, but it IS YOUR demand that puts a strain on the capacity and requires the GAS (and sometimes COAL) plants to be used.
SO go XR folks, go completely green, get off the grid altogether and use nothing but home generated solar/wind. We all know that the majority of XR folks will not do that, instead they'll attend the odd march or glue themselves to the road. Bet they feel like real champions after that and then go reward themselves with a nice cup of tea (or pint of beer) all of which has a significant CO2 footprint.
Yes, XR are the worst of the worst when it comes to hypocrisy!!! GO on Ruth tell us that you don't have any demand on electric from the Grid or Gas and that you dont have a petrol/diesel car and use only home brew power and are 100% self sufficient with your food supply!!! Hypocrite!!!
Well, just how much longer do they need to find a partner to develop Loxley? LMAO
And how much longer will SCC allow them to kick the can down the road at BB before they refuse a further extension and then force UKOG to pay for the P&A that is needed there?
And how much longer before the truth about dead duck Turkey is outed with AME taking a lovel y back-hander for services rendered (all above board, but a back-hander as there's no way on this planet that AME would drill dusters using their own cash, and AME will be skimming a "bonus" on the drill costs).
And how much longer before HH2z is converted into an injector?
And how much longer until HH1 is switched back onto the Kimmeridge which would have had 2 years to replenish and could deliver 200 bopd for a couple of weeks?
And how much longer before SS decides to retire? Because the answer to all the above is linked purely to his retirement plans, and the can kicking MO of the company show that to be the case, after all who would refuse an opportunity to earn what SS earns for doing SFA, doing zero interviews, etc, until they retire all off the back of placings that kill the PI's stake in the company?
SS forgets who he works for, it is the shareholders, and they must be nuts not to have had him removed from his position in the last 3 years. The guy is not CEO material, I wouldn't trust him to make a cup of tea, probably end up with a mug of dust that cost £100m.
Pretty confident that it is burning gas from the sidetrack, if so, then an RNS must be issued today.
That's market sensitive news and must be addressed asap.
Feels like it's now nailed on success, will be topping up through the course of today, cheers to the XR morons for keeping the SP down.
Ells, when are you doing the "golden weld" on the UKOG HH connection into the local Gas infrastructure?
LMAO
Stick to fire extinguisher labels and Badgers beer.
If I had a golden Turnip award, you'd be the favourite, although HEID on the UJO board comes close for being a serial duffus.
and little chance of success. One layer is performant, the others are completely unknown entities and history suggests £5mm = failure.
All very well having 1000 bopd, but it simply empties the small reserves that they have there, this is a 3-5 year play at best.
And we all know who he is and what his agenda is.
LSE clearly cannot be bothered to ban what must be his 100th + 101st accounts!!!
So enough said, the clown of Horsehill, who refers to himself as the "fool" is posting 10's upon 10's of spurious BS bumfodder. He belongs elsewhere with no access to the internet.
Adrian, stick to servicing fire extinguishers and putting new sticky labels on the,
Assets are loss making and they cannot do anything to make the current assets sufficient to cover their ridiculously high overheads.
Cash in bank is insufficient to pay for the necessary exploration and development, and it would be many man millions more to setup a production facility at any site.
As for Gas storage that's a Billion quid needed, no chance of ever getting that cash, big boys will buy UKOG assets for a £1 when the time comes.
UKOG barely have enough cash to pay the P&A costs at BB, let alone do anything else.
True value of company = £0.
Wot no news? Well there's a surprise...
If you don't already know, they drilled a duster in the "wrong spot", but that's exactly what was expected as there is no "right spot" in the locality.
AME are praying that SS can raise a further $5mm just to cover the initial drill on a new well, and that'll not include any contingency whatsoever.
It's a dead duck!
Up next, Sando will be trying to explain away his "opportunities in the US of A" tripe. He's trying to keep as many strings on his bow as possible. Only issue there is that his strings are very expensive and will never fire an arrow.
Shot against the wall more like.
UKOG is going to delist, it cannot develop any assets without major cash, and it'll not be able to raise the amount of cash needed. The Kimmeridge punt was their only real hope.
SS is not bothered, he knows the writing is on the wall, and he'll string PI's along with minimal info for as long as is possible while he nears retirement.
and then it is 0.03's then 0.02's.
The CEO is completely silent, because he has nothing to talk about other than:
1) water cut and disposal costs
2) HH2z injector plans and costs which have been delayed for 2 years
3) Dead duck Turkey
4) BB abandonment costs
5) Loxley partnership failures
But there is always Horndean. LMAO
UKOG the dead duck company, It's worthless, the cash in the bank is barely sufficient to cover the abandonment costs of the sites that they own.
The truth is that HH was their only hope, and they duffed it up with HH2.
They still haven't told the truth about the downhole issues in HH1 and why after 2+ years they haven't gone back into the Kimmeridge for production, surely by now it would have been worth a few weeks production....
SS doesn't read this board any longer, and why would he when he can just sit around the pool in the Bahamas sipping PI's cash in the form of Pina Coladas!!! He's already retired, but getting paid stupid money to put out a load of tosh 4 times a year.