Member Info for Ibug

" This project is assessed to contain significantly greater discovered oil volumes than any of our UK projects and, if successful, offers potentially transformational growth for the Company."

AME have just updated the information on their website. The information is hardly transformational. In fact it is carp.
The Contingent Resources now stand at 7.3MM bbls (Gross Rec.) i.e. 1/2 of what it was.

"Mardin “Leads” in the city of Siirt area is another prospective area which requires additional gravity and 2D seismic data acquisition to mature them to prospect level for drilling. Therefore, additional 2D seismic program has been planned for 2023."

Is under £400k. No wonder they could afford a cheap rig. You can't even see the name of the company or rig because it is covered in dirt.

Oil can be seen at 15ppm and can be smelled at 100ppm so it doesn't take a lot for it to be noticed. Just look under old cars when it has just rained; easily spotted.

And in the original;

Aladdin Middle East Siirt’te petrol arayacak  Aladdin Middle East, Siirt’in Merkez ilçesi sinirlari içinde bir adet petrol tespit kuyusu açarak petrol arayacak. 
10 Nisan 2023 Pazartesi 08:27A+A-
Enerji Günlügü - Amerika merkezli Aladdin Middle East, Siirt’te Pinarova-1 arama kuyusu açarak petrol arayacak. ABD Kansas menseili Aladdin Middle East Ltd. Sti. tarafindan Siirt ili, Merkez ilçesi Aktas Köyü sinirlari içinde AR/AME/K/M47-b1, b2 no.lu arama ruhsatinda bulunan Pinarova-1 lokasyon alaninda petrol arama çalismasi planlaniyor. 9 milyon lira degerindeki proje kapsaminda sirket, Pinarova-1 tespit kuyusu açarak petrol arayacak. Faaliyet, bir tespit sondaji faaliyeti oldugundan faaliyet kapsaminda üretim söz konusu olmayacak.

https://www.enerjigunlugu.net/aladdin-middle-east-siirtte-petrol-arayacak-53612h.htm

Aladdin Middle East will search for oil by drilling an oil detection well within the borders of the Merkez district of Siirt. 
Monday, April 10, 2023 08:27
Energy Daily - America-based Aladdin Middle East will search for oil by drilling Pinarova-1 well in Siirt. 
USA Kansas origin Aladdin Middle East Ltd. Sti. Petroleum exploration work is planned in the Pinarova-1 location area, which is located in the exploration license numbered AR/AME/K/M47-b1, b2, within the borders of Aktas Village in the Merkez district of Siirt province. 
Within the scope of the project worth 9 million liras, the company will search for oil by drilling Pinarova-1 detection well. Since the activity is a detection drilling activity, there will be no production within the scope of the activity.  

Yet another one who hasn't a clue. UKOG have never given a spud date in an RNS. The first time anyone on here knew about it was when I posted if from the AME Annual Accounts.
I wonder what sort of images one expects from space especially when the focal length of the lenses and cloud cover varies so much.
I use similar quality pictures to these to keep up to date on how much BS the eyes keep pushing out.
Makes you wonder how these greenies seem to get everywhere these days doesn't it. You really do sound like a bunch of kids having nightmares.

https://ibb.co/47Mq5G0

Unfortunatey UKOG nere said this

""The Pinarova-1 campaign is expected to take up to 28 days to deliver a well completed for future oil production.""

Pure MM BS at its best.

My BS alarm is going off quite regularly now that MM is back. He just can't help himself. He will be here all the time trying to pull the mugs in..
HH farm in still not confirmed and even then they won't do anything until the late June High Court action is sorted.
As for Loxley over 10 planning conditions to sort out and they won't start those until the statutory review has been carried out but no date has been given for that yet.
As for P1 it is obvious drill wasn't going in that quickly and a "expected drilling campaign duration up to 28 days" as stated by UKOG more likely. After all who are the experts. Certainly not a builder from Surrey.

Too many if's in annual report for me. Really fills me with confidence. Not sure this is the rags to riches UKOG made it out to be. Why did UKOG keep the spud date from us? Don't the 2 companies talk to each other?

"The main exploration focus for exploration will be on Resan. If the shallow play is successful here it will be followed by a second shallow well in the year. If not the original deeper play will be either directly tested or more seismic (potentially 3D) gathered to define the next drilling target more precisely."

Remember how well the last site was set up?

https://ibb.co/gm4n59w

I don't think this one will look anything like this. Just remember to get out before MM does. He will continue to ramp it till the end.

MM
Bollicks. You obviously visited the UKOG website before you made your last post so how did you miss the post on the rig drilling. You really are full of it.
Why would I be upset? The rig looks like sh*t. Just saying it as it is. AME would never keep their own rigs in those conditions. It would surprise me if they have even fitted a BOP but for HSE reasons I hope they have.

The joint operation license of Alaaddin Ltd and Sonar Petrol in Siirt and Sirnak has expired.
General Directorate of Mining and Petroleum Affairs ( MAPEG ) to 88% of Alaaddin Middle East Ltd; Sonar Petroleum Exploration and Production Industry Trade Ltd. Sti., 12% of which is in the provinces of Siirt and Sirnak, has expired as of March 28, 2023. 
With the final decision to be taken from the competent court within one year, in order for those who have suffered damage due to the non-fulfillment of the obligations imposed on the company by the Turkish Petroleum Law No. 6491, the compensation for the damage and damage they have suffered can be covered by the guarantee given to MAPEG by Alaaddin Ltd and Sonar Petrol while obtaining the license. together with the General Directorate of Mining and Petroleum Affairs.

Opportunity missed when you consider the big drop in annual production for the company.

Oh munchkins
You do provide with a source of amusement.
Which bit of this did you not understand?

"
UKOG
@UKOGlistedonAIM
PINAROVA-1 SPUD NEWS: Drilling has begin on Good Friday
12:59 PM · Apr 7, 2023"

So when you said "they're not drilling yet, but are obviously in preparation to drill" you really were talking out of your ass.

They spudded PINAROVA-1 yesterday as AME said they would. The drilling rig has obviously not been cleaned for some time and I would love to see the maintenance sheet.
When you keep going on about AME this and AME that you forget to mention it is not AME doing the drilling it is some MM company they have hired on the cheap to do the job. You get what you pay for when you go "cheap".

https://twitter.com/UKOGlistedonAIM/status/1644308957299630082

They pays their money and takes their chances spudding on a Good Friday. And I bet not many believed it when I posted it yesterday.

I posted this yesterday and it looks like you didn't believe it.
Yesterday UKOG post this on the website and you all ignore it.

TURKEY LATEST: Pinarova-1 well site taking shape for Easter

https://twitter.com/UKOGlistedonAIM/status/1643965535548239872

Looks bigger than I thought it would be. So much for not working over Easter.
Guess you only like news from the rampers no matter how false it is.

This is what happens when you get filtered!!!!!
"This is all they have to say about P-1;
"The Resan exploration licence where AME has currently a 50% working interest and is operator,
completed the planned 2D seismic program from 2021 that was suspended over the winter. In
preparation for this second phase, the previously drilled seismic shot holes were, as a matter of course,
inspected, and oil seeps were observed in two of them. When the remaining seismic lines were shot
and interpreted the data suggested a relatively shallow play which ties to oil shows reported in nearby
geothermal well. This potential accumulation is around 500-600 meters making it a quick and cheap
target to test. The JV agreed to prioritise the testing of this structure with an exploration well expected
to spud 7 April 2023.""

Red balloons more like it.

Facts

29/06/2022
SID-92-606 and SID-21-03 both run about 1800m to the east of 41°API Oil seep in an ENE direction trough P-1.

10/01/2023
SID-88-308 runs right through Pinarova-1 and is the only seismic line shown on page 2 when seismic lines SID-92-606, SID-AME-21-002 and SID-21-03 are also on that map.

SID-AME-21-002 seismic line is through unused shot hole location.

Q Why do they drill 2 more shot holes 1800m away when they could easily drill them near Pinarova-1?
Q Why are seismim lines SID-92-606, SID-AME-21-002 and SID-21-03 not showwn?

No mention of any further seismice being carried out in 2023.

This set my BS button off ages ago but I was waiting to see if UGOG came out with any new news.

I'm not sure they follow too closely in Turkey unlike Ocelot who will follow anyone that tells a good story..

They really are a bunch of cowboys. Financial report is supposed to be on page 41 of Annuall Accounts but is missing.
This is all they have to say about P-1;
"The Resan exploration licence where AME has currently a 50% working interest and is operator,
completed the planned 2D seismic program from 2021 that was suspended over the winter. In
preparation for this second phase, the previously drilled seismic shot holes were, as a matter of course,
inspected, and oil seeps were observed in two of them. When the remaining seismic lines were shot
and interpreted the data suggested a relatively shallow play which ties to oil shows reported in nearby
geothermal well. This potential accumulation is around 500-600 meters making it a quick and cheap
target to test. The JV agreed to prioritise the testing of this structure with an exploration well expected
to spud 7 April 2023."

It was only a Holdings one. IG back above 3%.

copland
The Kimmeridge at HH wasn't even mentioned when Angus Energy pushed out the Project Presentation all those years ago. The only other bit of luck they have had was getting rid of DL.