Member Info for Ibug

They produce over 10 million barrels of oil a day so it's no big thing imo.

"If the development goes ahead, the oil wells at Horse Hill would collectively extract more than 3 million tonnes of oil over 20 years "

Activists providing ammunition for the rampers? That's 3000 bopd! We can't be having that can we?

https://www.faceless.co.za/read_fl.asp?pass_num=2068

You can just imagine who would be replying ;o)

Just over £50k worth is hardly worth talking about though unless you are up the creek without a paddle.

AME 2. GEOLOGICAL & GEOPHYSICAL STUDIES:
a. Geological Field Activity
• In-house geological data evaluation studies continued for all licenses.
• Field geology study (3 weeks) performed in ARI/AME-SNR/K/M47-b1-b2 and ARI/AME-SNR/K/M48-a3-1 licenses to clarify the tectonic effects in this area.
• Core analysis is completed on the samples from the previously drilled wells in the AR/AME-UKO/K/M47-b1, b2 license area.

b. Geophysics
• In-house seismic interpretation studies continued for all licenses.
• 89 km 2D seismic data acquired and processed successfully in exploration license AR/AME-UKO/K/M47-b1,b2 (Resan)
• 124 km 2D seismic data acquired and processed successfully in production license ARI/AME-GYP/K/M44-b3-1 (Altinakar)
• Log re-interpretation and historical seismic data evaluation going on in exploration licenses AR/AME/K/E28-C and AR/AME/K/F28-b1, b2 (Bartin-Zonguldak)
• Gravity data acquired and processed in Production Leases ARI/AME/K/M48-a3-1(East Sadak Oymantepe) and ARI/AME/K/M48-c1-1 (Gedikasar)
• 31 km 2D seismic data acquired and processed successfully in Production Lease ARI/AME/K/M48-c1-1 (Gedikasar)

AME 3. DRILLING:

E.SADAK-15 (OYMANTEPE-15) Production Well
Spud Date : 24.11.2021
Completion Date : 03.02.2022
Status : Dry with oil shows

E.SADAK-15S (OYMANTEPE-15S) Production Well
Spud Date : 11.03.2022
Completion Date : 26.03.2022
Status : Abandoned due to technical problems

E.SADAK-9 (OYMANTEPE-9) Production Well
Spud Date : 12.04.2022
Completion Date : 24.05.2022
Status : Abandoned due to technical problems

E. SADAK-9S (OYMANTEPE-9S) Production Well
Spud Date : 13.06.2022
Completion Date : 17.06.2022
Status : Well put on production as of 27-06-2022

AME 4. PRODUCTION: In Barrels/month

From last report;
Jul 21 16089 45 bopd
Aug 21 18573 EAST SADAK-12S Production Well put on production as of 14-08-2021 50 bopd
Sep 21 15739 40 bopd

ARI/AME-SNR/K/M48-a3-1Oymantepe

Oct-21 14072 EAST SADAK-14 Production Well put on production as of 30-10-2021
Nov-21 17668
Dec-21 13575
Jan-22 13227
Feb-22 10748
Mar-22 12706
Apr-22 11421
May 22 10323
Jun-22 10517 E. SADAK-9S Well put on production as of 27-06-2022
Jul-22 10933
Aug-22 9806
Sep-22 9033
Oct-22 8179
Nov-22 8073

Not too difficult to work out decline rate is not good despite putting more wells on line.

When positivity is 60 bopd, in the bottom 5 O&G list, bottom 10 AIM list, news overdue on Basur seismic, no bids on Loxley (at least 5 years to production) , no news on HH-2 injector and a Portland project which will go into billions this really is a "peachy" company. Now that is positive.

I just hope it never happens for those that live in an area where they have to replace all their appliances and have to replace them with hydrogen ones and at what cost?

Page 8 of the Xodus presentation would disagree and that doesn't even mention the one near Bath.

SS tweets are beginning to sound like Ocelots posts.

Must be really annoying that as soon as you have said you have topped up the price drops to an all time low. Shows financial acumen of the highest order.

Only a sadist would make a placing at this late stage just before Christmas. They will still be eating chicken though.

And yet the similar sized E. Sadak oil field which is closer to Resan/Basur with a similar number of wells is only was only producing far less when last reported from about 13 wells. At 40 km away this is the nearest field producing oil to Resan/Basur. Make your own minds up why Ocelot is out to deceive

Ass SS says;
“I’ve drilled around 50 wells, of which 23 have been oil discoveries, and of those 14 have been commercial,”
Ask Ocelot what SS last find was as I'm on filter.

https://uk.linkedin.com/in/stephen-sanderson-1bb5963a.

Production figures in barrels/month for East Sadak (M48-3-1)
The Turks use a . instead of the ,

Oct 20 12.172 36 bopd
Nov 20 10.241 31 bopd
Dec 20 11.487 34 bopd
Jan 21 10.661 31 bopd
Feb 21 9.482 31 bopd
Mar 21 10.499 31 bopd
Apr 21 10.160 31 bopd
May 21 11.681 EAST SADAK-13S Production Well put on production as of 24-05-2021 34 bopd
Jun 21 20.158 56 bopd
Jul 21 16.089 45 bopd
Aug 21 18.573 EAST SADAK-12S Production Well put on production as of 14-08-2021 50 bopd
Sep 21 15.739 40 bopd
EAST SADAK-14 Production Well put on production as of 30-10-2021

c) None. He has done his 12.

https://www.lse.co.uk/DirectorsDeals.asp?shareprice=UKOG&share=Uk-Oil-and-Gas

Did someone's bet on UKOG come good and they need the money to pay it off?

You would think by now the usual suspects would have learnt from their mistakes. But no, they still keep on making themselves look silly. No wonder some of us never believe a word they say.

Mike Warrington
@MikeWarrington7
Replying to
@UKOGlistedonAIM
50km away from UKOG is some way off and means nothing as far as what UKOG may find
10:14 AM · Dec 16, 2022

There are 753 companies on AIM. Here are the ones trading below 0.1p

Vela Tech. (VELA) 0.02 36,994,261 0.00% 0.02 0.02 11
Inspirit Energy (INSP) 0.032 5,452,662 0.00% 0.032 0.032 9
Deepmatter (DMTR) 0.035 15,382,744 0.00% 0.035 0.035 7
Microsaic (MSYS) 0.04 12,000,456 0.00% 0.04 0.04 3
Mediazest (MDZ) 0.055 2,437,493 0.00% 0.055 0.055 2
Uk Oil & Gas (UKOG) 0.061 109,910,697 -0.81% 0.061 0.061 68
Mosman Oil Gas (MSMN) 0.063 37,253,021 -7.41% 0.063 0.073 24
Clontarf (CLON) 0.07 10,332,006 0.00% 0.07 0.075 12
Synergia Energy (SYN) 0.07 17,528,357 0.00% 0.07 0.07 16
Craven House Capital (CRV) 0.085 0 0.00% 0.085 0.085 0
Challenger En (CEG) 0.088 2,658,322 -2.78% 0.088 0.09 12
Bezant Res (BZT) 0.095 209,401 0.00% 0.095 0.095 4
Alba Mineral Resources (ALBA) 0.098 11,534,168 -2.50% 0.098 0.1 23
Mobile Streams (MOS) 0.105 66,870,511 -10.64% 0.105 0.118 31

How many did DL have an interest in?

Here are the ones trading at the top.

Cvs Group (CVSG) 2,028.00 335,501 -3.15% 2,006.00 2,106.00 505
Brooks (BRK) 2,050.00 5,428 -3.72% 2,050.00 2,090.00 11
Keywords Studio (KWS) 2,740.00 147,966 -0.51% 2,708.00 2,796.00 804
Bioventix (BVXP) 3,775.00 4,495 2.30% 3,775.00 3,850.00 31
Camellia (CAM) 4,500.00 603 2.74% 4,400.00 4,500.00 5
Judges Scientfc (JDG) 8,310.00 3,395 0.24% 8,400.00 8,400.00 29

How many did DL have an interest in?

In the context of the whole market it is quite easy to see where UKOG sits.

Think we have loads of them on here.

16-Dec-22 08:35:55 0.060 19,000,000 Sell* 0.06 0.061 11.42k

Didn't take long.

Turkey
Ocelot is quite correct when he says "produced nothing". Results now well overdue imo. Is it a case of pinning the tail on the donkey? If only they had done their research. They keep throwing up old "finds". The Cevick-1 well was completed on 24.07.2021.

I did like this one.

"Alan Woodland
@sevenacres15
Replying to
@UKOGlistedonAIM
Not sure what to think of this shower now they post about another oiler find oil. My next has a Porsche does not mean I should have one. Lifestyle company spin to meet the BOD ridiculous salaries. #ukog #oil
6:24 AM · Dec 16, 2022"