Member Info for Ibug

Penguins

I remember DL saying they had 3D for HH and look how well that turned out. He had to close his twitter account as in those days you couldn't change or retract a tweet.

UKOG have been failed to meet any of their Retention Agreement clauses for seismic survey in the UK. I agree with you. It's almost as if they are scared of what they may find.

Cost a lot is named thus because if you listen to him it will cost you a lot. Interesting that he can't give evidence of such rubbish. UKOG have certainly not said anything nor have ALBA or DOR on the subject. It is more than likely that the revenue they are due to receive from their share pays their costs for work carried out at HH and it may well be that they are paying UKOG given the low production rates.

That NSTA figures are 3 months in arrears and average monthly price of Brent does vary.

Jan 2023 83.09 2.71%

Feb 2023 82.71 -0.46%

Mar 2023 78.53 -5.05%

Apr 2023 84.11 7.11

Don't forget others have an interest in HH.

ALBA 18% of HHDL or 11.765% effective interest in HH.

Doriemus 4% or 2.6% effective interest in HH.

The daily rate will also vary within each month. I'm not expecting miracles for HH production in April given the amount of works that were being carried out on site.

HH1AN2

Only 2 wells drilled in the last 5 years are producing oil and they are under the sea at Wytch Farm. Could it be the companies are rubbish at finding oil or is it that there in no commercial oil there? That has sweet FA to do with the govt.

Even though we went up 1 place in "Top producing fields".

Big fall in onshore production. What would we do without Wytch Farm being classed as an onshore site even though the oil is offshore.

https://ibb.co/C0KVjzW

https://drillordrop.com/2023/06/02/uk-onshore-oil-and-gas-production-in-charts-march-2023/

Vernonya

Not when they are pushed to get 2 oil tankers a week out of the gates. They are also using using the smaller vacuum trailers more. Perhaps Adrian should stop videoing them as well!

Elle

You take out 50 barrels of oil and 50 barrels of water from a full 1000 barrel tank.

You put the 50 barrels of water back in. How much liquid is left in th1000 barrel tank?

A. 950 barrels

How is that supposed to improve the field's oil recovery?

Only mugs would believe that surely?

Adrian

You should have called yourself ghostbuster. The kids would love you.

As for "By then we will know the out come of the Dunsfold court case. And then three days later the out come of Horsehill . Wow! Talk about a news packed week or two ahead !" the Horse Hill case is not until 21/22 June so hardly 3 days later. When will you actually post anything trueful?

Elle

You do know they were only referring to Pinarova-1 don't you. There will have been extra expense for the big boy perf guns and possible expence for more seismic and Pinarova-2.

No money in the kitty for the injector well and the hh-3 deal is not done. Someone will need to find £7m+ for Loxley.

It all adds up.

I wonder when the pump and dumpers will pile in for next P&D?

No news on HH farmout - over 2 months now

Water Reinjection Update - 3 months was up last week

Perf guns probably due next week

Who cares about Dunsfold? They don't have the money. No one has come in with a farm in offer in the last 10 months.

If all else fails they could P&D on the HH court case.

Looks like format of this space has changed.

Part 2 of last post:

Receipts for March $78.53 x 54 x 31 = $132,451

Receipts for February $82.71 x 57 x 28 = $132,347

Receipts for January $83.09 x 55 x 31 = $141,668

Receipts for December $80.90 x 55 x 31 = $136,982

Receipts for November $91.07 x 49 x 30 = $134,042

Receipts for October $93.13 x 48 x 31 = $138,831

Receipts for September $90.16 x 56 x 30 = $150,850

Receipts for August $98.60 x 58 x 31 = $177,283

Receipts for July $108.92 x 6 x 30 = $19,890

Receipts for June $120.08 x 54 x 30 = $193,358

Receipts for May $112.37x 50.5 x 31 = $175,995

Receipts for April $105.78 x 54.5 x 30 = $172,993

Receipts for March $115.59 x 61 x 31 = $218,581

Receipts for February $95.76 x 59 x 28 = $158,195

Reporting Period Month Name March 54 bopd.

Oil Production Mass (tonnes) 230.1

Oil Production Volume (m3) 272

Oil Production volume (mb/d) 0.55

Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 4.5

Associated Gas Production Volume (MMscf/d) 0.008

Associated Gas Production Volume (ksm3) 7

Associated Gas Production density (kg/sm3) 0.89

Gas Flared - Volume (Ksm3) 8.00

Gas Flared - Density (Kg/sm3) 0.89

Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 157

Water production volume (mb/d) 0.032

Reporting Period Month Name February 57 bopd.

Oil Production Mass (tonnes) 218.3

Oil Production Volume (m3) 258

Oil Production volume (mb/d) 0.06

Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 7.06

Associated Gas Production Volume (MMscf/d) 0.01

Associated Gas Production Volume (ksm3) 8.00

Associated Gas Production density (kg/sm3) 0.89

Gas Flared - Volume (Ksm3) 8.00

Gas Flared - Density (Kg/sm3) 0.89

Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 159

Water production volume (mb/d) 0.04

Reporting Period Month Name January 55 bopd. No change there.

Water production still on the rise. Those phantom tankers were obviously imagined by the eyes in January. Brent slowly recovering to $80 after being hit in February.

Oil Production Mass (tonnes) 231.8

Oil Production Volume (m3) 274

Oil Production volume (mb/d) 0.06

Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 7.69

Associated Gas Production Volume (MMscf/d) 0.01

Associated Gas Production Volume (ksm3) 9.00

Associated Gas Production density (kg/sm3) 0.89

Gas Flared - Volume (Ksm3) 9.00

Gas Flared - Density (Kg/sm3) 0.89

Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 177

Water production volume (mb/d) 0.04

Month bopd

Feb 22 59

Mar 22 61

Apr 22 55

May 22 50

Jun 22 54

Jul 22 6 downhole pump and polished rod installed

Aug 22 58 new Unico pump has recently been installed

Sep 22 56

Oct 22 48

Nov 22 49

Dec 22 55

Jan 23 55

Feb 23 57

Mar 23 54

Receipts for March $78.53 x 54 x 31 = $132,451

Receipts for February $82.71 x 57 x 28 = $132,347

Receipts for January $83.09 x 55 x 31 = $141,668

Receipts for December $80.90 x 55 x 31 = $136,982

Receipts for November $91.07 x 49 x 30 = $134,042

Receipts for October $93.13 x 48 x 31 = $138,831

Receipts for September $90.16 x 56 x 30 = $150,850

Receipts for August $98.60 x 58 x 31 = $177,283

Receipts for July $108.92 x 6 x 30 = $19,890

Receipts for June $120.08 x 54 x 30 = $193,358

Receipts for May $112.37x 50.5 x 31 = $175,995

Receipts for April $105.78 x 54.5 x 30 = $172,993

Receipts

GoodByeMyLover

That is really going to do a lot of good. How many of the 44 O&G fields are producing oil?

How many are producing over 100 bopd? The answer is 8. Onshore oil accounts for under 2% of UK produced oil so they would really need to find an awful lot more wouldn't they?

"Adrian The Fool on The Hill

@davethedrill1

#UKOG Another real investor banned on the

@LondonSouthEast

chat board #SarahFinch #XR mob this morning."

For "real investor" read "pump and dumper". Looks like his work has been done.

https://www.google.com/finance/quote/UKOG:LON

The only problem is he has already bought in. When will elle version 0.058 show his true colours?

Ocelot

You can smell oil as low down as 100ppm, especially crude oil. So you only need 15ml of oil for you to be able to smell it so that really is some quantity!

Https://www.lse.co.uk/rns/UKOG/horse-hill-water-reinjection-update-c5bqq2b6854r9p2.html

"Surrey County Council and the Environment Agency approved the installation of these boreholes, the frequent sampling of which is designed to ensure that no produced saline Portland formation water penetrates into the Weald Clay sediments underlying the site.

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.""

Not sure how long it will take them to let us know what is going on but would have thought the first few samples would have given them some idea. 3 months was up 2 days ago.

Adrian

Not me and why are you promoting ancient history rubbish? Sounds like you are well in the red now. I would stick with ANGS if I was you. You have a habit of losing.

PS Not sure if you had noticed but Sky tends to have a monopoly on major sports so it is a bit difficult not to quote them.

Https://www.skysports.com/rugby-union/news/12331/12890879/premiership-rugby-final-between-saracens-and-sale-interrupted-by-just-stop-oil-protesters

Shame the bouncers got to them first. Would have loved to have seen Manu take one out.

They didn't bother with the Baba's match as they obviously did their research on the size of the players.

Adrian

So where are the results as you said they were drilled in January?

https://twitter.com/davethedrill1

Adrian The Fool on The Hill

@davethedrill1

Bought back in last week :)

9:13 pm · 27 Feb 2023

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59

Views

https://twitter.com/davethedrill1

Adrian The Fool on The Hill

@davethedrill1

#UKOG I gave enough clues on the 9th and 16th Jan. . Wasnt going to give ibug aka Mmunch3 and her green mob to much info .

On lse they called me a liar for saying bore holes were being drilled. Ibug said just water samples being taken🤡🤡👁🪳😝

Adrian🤡

https://twitter.com/davethedrill1

Adrian The Fool on The Hill

@davethedrill1

#UKOG Fool strikes again. My yweet Jan of Bore holes being drilled at HH. Rig just out of sight.

Mmunch3 aka ibug spitting feathers lol. Ill nip back on LSE next week.

Watch how the greens act fast to get me bannned and stamp on the trurh yet again.

Adrian🤠

Really should read the RNS's rather than making it up. Doesn't sound so good when the truth is out.

"During 2022, and with considerable downtime due to pump outages from three of the four pumps, the field earnt UKOG a welcome net share of production revenues of £287,000, with net earnings after operating costs of £136,000.

Income Statement

Revenues for the year from sales of oil amounted to £1.8 million (2021: £1.6 million). This increase was largely driven by an increase in average sale price from £43/bbl to £98/bbl which was offset by oil production decrease at Horse Hill, via HH-1. For more detail please refer to the Operational update. Depletion, Depreciation and Amortisation costs amounted to £0.8 million (2021: £0.7 million), reflecting the production from Horse Hill during the year and updated reserves used for calculation of depletion. Other Cost of Sales reduced to £0.7 million (2021: £1.1 million). The Group recorded a gross profit for the year of £0.3 million (2021: loss £0.2 million). Following an impairment review carried out as at 30 September 2022, the net present value of the Horse Hill-1 well was determined to be lower than its recorded book value, and it was therefore determined that the value of associated oil and gas properties should be impaired by £2.9m.

The Directors have also assessed the fair value of the exploration & evaluation assets as at 30 September 2022. The Directors have determined the net present value of the Horse Hill development to be £11.4 million, which takes into account drilling of additional wells in the field, and supports the value of intangible assets of Horse Hill.

Administration expenses during the year amounted to £2.7 million (2021: £2.1 million). An Operating loss for the year of £5.4 million was recorded (2021: £3.8 million). Finance costs amounted to £0.2 million (2021: £0.1 million), relating primarily to unwinding of discounts on decommissioning provisions."

PS Not sure which version of elle the "theluckyone" is but has to be around elle version XXII now. Perhaps he is trying to out Adrian for the number of accounts in a year.