Member Info for Ibug

6 months ended 31 March 2022 (Unaudited) £'000 Revenue 911 Other Cost of sales (408) Administrative expenses (1402)
6 months ended 31 March 2021 (Unaudited) £'000 Revenue 721 Other Cost of sales (544) Administrative expenses (915)
6 months ended 31 March 2020 (Unaudited) £'000 Revenue 88 Other Cost of sales (40) Administrative expenses (715)
6 months ended 31 March 2019 (Unaudited) £'000 Revenue 103 Other Cost of sales (43) Administrative expenses (1560)
6 months ended 31 March 2018 (Unaudited) £'000 Revenue 116 Other Cost of sales (54) Administrative expenses (933)
6 months ended 31 March 2017 (Unaudited) £'000 Revenue 104 Other Cost of sales (167) Administrative expenses (967)
6 months ended 31 March 2016 (Unaudited) £'000 Revenue 66 Other Cost of sales (78) Administrative expenses (1199)
6 months ended 31 March 2015 (Unaudited) £'000 Revenue 197 Other Cost of sales (127) Administrative expenses (491)

year ended 30 September 2021 £'000 Revenue 1562 Other Cost of sales (1067) Administrative expenses (2,098)
year ended 30 September 2020 £'000 Revenue 908 Other Cost of sales (1171) Administrative expenses (1755)
year ended 30 September 2019 £'000 Revenue 213 Other Cost of sales (97) Administrative expenses (4166)
year ended 30 September 2018 £'000 Revenue 225 Other Cost of sales (97) Administrative expenses (3244)
year ended 30 September 2017 £'000 Revenue 207 Other Cost of sales (254) Administrative expenses (1785)
year ended 30 September 2016 £'000 Revenue 151 Other Cost of sales (204) Administrative expenses (2062)
year ended 30 September 2015 £'000 Revenue 240 Other Cost of sales (146) Administrative expenses (1192)
year ended 30 September 2014 £'000 Revenue 7 Other Cost of sales N/A Administrative expenses (544)

3 onshore oil and gas wells drilled in 2022 – official data

Full story here;

https://drillordrop.com/2023/01/01/3-onshore-oil-and-gas-wells-drilled-in-2022-official-data/

elle
This is what HH production could look like in 21 years time. Brockham started production in 1998. 25 years is up in 2023. UKOG need to pull their finger out.

49.9 tonnes per month is about 12 bopd for September.

Field Production Data, PPRS (WGS84): BROCKHAM
Field region LAND
Reporting unit name BROCKHAM
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group ANGUS ENERGY
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 202209
Reporting Period Month 09
Reporting Period Month Name September
Reporting Period Year 2022
Oil Production Mass (tonnes) 49.90
Oil Production Volume (m3) 62.00
Oil Production volume (mb/d) 0.01
Oil production density (Kg/m3) 800.00
Dry gas production mass (tonnes) 0.00
Dry gas production volume (ksm3) 0.00
Dry Gas Production volume (MMscf/d) 0.00
Dry Gas Production Density (kg/sm3) 0.00
Associated gas production mass (tonnes) 0.00
Associated Gas Production Volume (MMscf/d) 0.00
Associated Gas Production Volume (ksm3) 0.00
Associated Gas Production density (kg/sm3) 0.00
Gas Condensate mass (tonnes) 0.00
Gas condensate volume (ksm3) 0.00
Gas condensate volume (mb/d) 0.00
Gas condensate density (kg/sm3) 0.00
Gas Flared - Volume (Ksm3) 0.00
Gas Flared - Density (Kg/sm3) 0.00
Gas Flared - Non Hydrocarbon (%) 0.00
Gas Vented - Volume (Ksm3) 0.00
Gas Vented - Density (Kg/sm3) 0.00
Gas Vented - Non Hydrocarbon (%) 0.00
Injected water volume (m3) 123.00
Injected water volume (mb/d) 0.03
Water production volume (ksm3) 123.00
Water production volume (mb/d) 0.03
Reinjected produced water volume (m3) 0.00

PS It was the 5th. As were Brockhams.

https://drillordrop.com/2022/12/05/latest-onshore-oil-production-september-2022/

JHemmings
Septembers figures came out on 6th December I think. Just look at my history.

elle

So what is holding HH back? This was nearly 7 months ago.

05 May 2022

"Environment Agency grants full Horse Hill Production Permit

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Environment Agency ("EA") has granted UKOG's 85.635% owned Horse Hill oil field a full Production Permit ("PP"). The PP enables production and water re-injection operations, incineration of waste gas, maintenance/workovers and the drilling of further development wells. To date, production at Horse Hill has operated under the umbrella of prior testing consents which excluded any ability to reinject produced saline formation water.

UKOG can now proceed ahead with its plans to convert Horse Hill-2z into a water injector during 2022, which, if implemented, would remove the need for costly transportation and disposal of produced saline formation water at remote third-party sites. The initial application for the PP was submitted to the EA 31 months ago on 24 September 2019."Environment Agency grants full Horse Hill Production Permit

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Environment Agency ("EA") has granted UKOG's 85.635% owned Horse Hill oil field a full Production Permit ("PP"). The PP enables production and water re-injection operations, incineration of waste gas, maintenance/workovers and the drilling of further development wells. To date, production at Horse Hill has operated under the umbrella of prior testing consents which excluded any ability to reinject produced saline formation water.

UKOG can now proceed ahead with its plans to convert Horse Hill-2z into a water injector during 2022, which, if implemented, would remove the need for costly transportation and disposal of produced saline formation water at remote third-party sites. The initial application for the PP was submitted to the EA 31 months ago on 24 September 2019.

What is holding Basur back?

16 September 2022

"Turkey Phase 2 seismic completed
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that acquisition of the Phase 2 seismic programme over its Turkey Resan licence (UKOG 50% interest) has now been successfully completed and the field crew demobilised. The programme, consisting of four new 2D seismic lines over the possible updip western extent of the Basur-1 oil discovery and Prospect B to the south, was delivered ahead of schedule and under budget.



Once the seismic has been processed, final versions received in house, interpreted and a new top reservoir map made, the Company will provide a further update of the results. The Company will then focus firmly upon the delivery of a new Basur appraisal well, now anticipated to be able to add near-term oil production to the Company in H1 2023...."

elle
No doubt you are an expert in "Intrusive negative thoughts can be a symptom of obsessive-compulsive disorder (OCD), generalized anxiety disorder (GAD) or another mental health condition. Negative thinking is also symptomatic of depression ("Negative Thinking and Depression: How One Fuels the Other")." the same as you are in trading.
Have yet to see any evidence of any of those in your posts.
In fact most pf your posts get deleted for continual abusive comments and personal attacks imo.

https://www.thisismoney.co.uk/money/markets/article-11583217/North-Sea-investment-dry-Governments-windfall-tax.html

But don't you need profits first to benefit? Not sure UKOG will ever manage that.

You would think the nearest producing wells to Baur would have given them a clue.

They have drilled 5 wells at Sadak that I know of. Only 2 have been put into production (TBC) from the 2 pads and the last one was P&A. They (it) produced 1046 barrels before it was halted in September 20 (5 months).

They don't tell you what the quality of oil is unfortunately but it did come from the Garzan.

Gives you some idea of what to expect in Turkey.

And there you have it. No response from the trader.

I wonder who could tell which of these wells has been previously been referred to as Prospect B? You should note that UKOG have referred to 3 different Prospect B's in the last 2 years which does tend to confuse things.
Just copy and paste into google maps satellite view.

37.98844223803544, 41.908056528151725

37.98956896073865, 41.85511776826998

37.9259 41.834102

They have all been drilled since 2010 and are the closest recent wells drilled. One found water and 2 were dry and P&A.

elle

So what positive news is going to come first?

Basur or placing?

You only need to look at a few sources to work out where UKOG lie in the greater scheme of things.

https://drillordrop.com/2022/12/05/latest-onshore-oil-production-september-2022/ (56 bopd )

https://www.lse.co.uk/share-prices/indices/ftse-aim-all-share/constituents.html (in the bottom 10)

https://www.lse.co.uk/share-prices/sectors/fossil-fuels/constituents.html (in the bottom 5)

https://www.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa

Facts speak louder than words which is why so many of us are on filter.

The only question is which will come first, news on Basur or a placing?

I was thinking more like this!

https://www.ebay.co.uk/itm/203679928611?hash=item2f6c451123:g:NvIAAOSwqNZh8owh&amdata=enc%3AAQAHAAAA4F4VsdQ%2FW2w6x1xjwOboyvymduuqddRGSYom75S6pCNBUWwf7w5Z%2BU21XV2HeW7vSixgp65eJFv2imyo7IZ%2Fh83QapSoqogJQKQpYHHZk06agfQfvws0%2FZRUkxbb65TbDD3cd0H8C7Z252rFe3qosnXK8jGL6hbTLElm%2FwGNkNQIPefCBpXPse7nikS4fZ2N9NU%2B%2B1ZdJcXjIBfENx0LEPdHpr%2Fr1QQepaT8mjPlmOZDz7wIbkBL7Z%2FUmwEoB5PTZ8hszEJxGjEbvxVYJe7c0w04v9YouHxadlt8%2FFeLQlCV%7Ctkp%3ABFBM8u-Tj6th

And there you have it. No wonder some have been totally taken in when they can't even tell what the tankers are carrying. I bet he still believes in Father Christmas and the Emperors New Clothes.

gwilliams

I use these figures but there is a disparity due to SG. I just can't be bothered to fine tune that for the different SG's ;

7.33 for tonnes
6.29 for m3

eg.
Oil Production Mass (tonnes) 225.00 x 7.33 = 1,649.25 bbls
Oil Production Volume (m3) 266.00 x 6.29 = 1,673.14 bbls

Normal trailer is about 215 bbls
Vacuum trailer is about 31000 ltrs

So we we won't actually see this one then.

"#ukog 2nd tanker still in at #Horsehill 1267 3WE Crude plates on it. Both were in just after 8am this morning @N66BKP is out. I've had to go :( FOTH."

Yet another 3W 1267 with the obvious blurring. Missing the "E" is so quaint.

Only 1 field is producing at the moment. 21 wells and 14 are producing about 8000 bbls a month. The closest fields in production to Basur.

https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=37.782957402449&lng=42.15316770365462&zoom=13&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=100&gain=1.0&gamma=1.0&time=2021-12-01%7C2022-06-28&atmFilter=&showDates=false

Not sure Mullins has worked out the POO is not our friend. Especially as production has dropped.

Month bopd receipts POO($)
May 21 100 $210924 68.04
Jun 21 95 $208249 73.07
Jul 21 92 $212160 74.39
Aug 21 82 $178002 70.02
Sep 21 45 $100710 74.60

Oct 21 63 $163368 83.65
Nov 21 60 $145386 80.77
Dec 21 62 $142824 74.31
Jan 22 60 $159,086 85.53
Feb 22 59 $157,811 95.76
Mar 22 61 $218,581 115.59
Apr 22 55 $172,993 105.78
May 22 50 $175,995 112.37
Jun 22 54 $193,358 120.08
Jul 22 6 $19,890 108.92
Aug 22 58 $177,283 98.60
Sep 22 56 $150,850 90.16