Member Info for hoping4theup

Just thought I would say good morning to everyone here, which I hope does not attract comments, other than “good morning” sun is shining so let’s see what today, tomorrow and the next few days bring.

Farmout by the end of November 2022…… let’s be seeing that RNS

I see, thanks.

Sizeable amount of skin in the game for them, hopefully they know something

This bill has been mentioned in todays RNS therefore it is important for UKOG and one that is being monitored, it is important as it relates to projects of critical national infrastructure. UKOG believes that their projects fall into this category, which I am inclined to agree with.

Noting this, the next hearing is on the 23rd October 2022. Once this goes through it opens up many projects (not just for UKOG) but the whole energy sector.

Please note you can type the bill name into Google and see all this on an official government website

So it looks like the time is coming where the penny has dropped and the sobering reality is that we need to start producing and safeguarding our own energy.

For me this RNS has removed an unnecessary “noise” the system has worked, so now UKOG can focus on more important issues like gas and oil.

Anti fracking being funded by Russia, wow! Bold claim. To me the country needs gas, it makes up about 50-60% of the power, this country has gas below its sea and land so why not use it. Alternatively we turn off the power to the public and hospitals etc and see what happens….

It is one to watch in terms of developments on it, well I will be anyway. Just want to hear more on Turkey and Portland, this one, if, Hydrogen is the next big thing it may work out as a good investment. As this will provide much needed storage

This relates to the Portland energy hub.

From the government website

UKOG also have this iron in the fire, this open closes on the 22nd November 2022, so expecting an update around then

Consultation description

Following government’s commitment in the British Energy Security Strategy to design new business models for hydrogen transportation and storage infrastructure by 2025, this consultation seeks views on:

design options for hydrogen transport and storage infrastructure business models
the need for a strategic planning function to guide the rollout of hydrogen transport and storage infrastructure, and potential implementation options
whether the existing market framework and industry commercial arrangements are optimal for supporting the deployment of hydrogen transport and storage infrastructure
the suitability of the non-economic regulatory framework across the hydrogen value chain
the extent to which blending might help provide market-building benefits for the hydrogen economy, including by bringing forward investment in hydrogen production while larger-scale hydrogen transport and storage infrastructure is being developed
This consultation will be of interest to hydrogen economy stakeholders, including:

hydrogen producers
hydrogen consumers
gas transporters
gas shippers
storage operators
investors
consumer champions
trade associations
academics
But any organisations or individuals are welcome to respond.

Thanks Penguin, yes there are two sides to the coin.

Thanks, it was not a comment around the production rate I was trying to make, it was more a comment around the speed in which this could move to production, which is considerably quicker than the uk.

Noting also that AME have already extracted oil, albeit at the levels you state. As they are the owner of the other 50% of the licence they do have the experience in this area.

Again does depending on flow, but let’s see, but so far we have nothing to prove this is not going to be successful apart from opinions.

As previously stated on 14 October, AME's nearby East Sadak field was discovered and put into production in the same year, 2014, and has seen a total of 10 wells drilled to date.

Unlike the UK, which requires numerous planning and regulatory steps before production can commence, Turkish petroleum law Article 6 (10) states that licensees are obliged to develop the field and commence production following a discovery. E. Sadak thus demonstrates that licensees are able to transition a successful well test directly into long-term production with minimal delay.

So if the test prove successful, this could move to production and from the RNS today, this is looking more possible than not.

Wonder if the meteor last night was a sign to buy…..

Sorry, how do you know there is going to be an update on turkey? Thanks

Well said wizard, FOTH does change his opinion more then few times over the past year. I like his updates, but I ALWAYS take them with a pinch of salt as they normally suit a private agenda which is only known to FOTH.

I do find FOTH does change his mind quite a lot, probably in line with his investments........

Let’s see what the AGM brings, personally I think we have good news, the recent RNS’s about lowering production costs and an increased stake are positives. But the additional shares has hurt. But I still feel the positives like increase stake and lower production will outweigh any additional shares, in time. Bring on the AGM

Bid going to go up soon

Buy up