Member Info for Ibug

For some reason they forgot to mention UKOG. Hindsight or what?

https://www.gov.uk/government/news/uk-government-takes-major-steps-forward-to-secure-britains-energy-independence

Will we have another day like yesterday. More records broken Has to be the lowest recorded day ever.
Never mind the volume that some on here seem to set great store by. The real metric is actually the value. It is all very well posting what great volume it is but when the SP is dragging its ass on the floor it is all for nothing.

# Trades 57
Vol. Sold 22,999,632
Sold Value £14,301.67
Vol. Bought 3,288,708
Bought Value £2,083.97

Even so it was still only 26m but at what price? Under £17k for a days trading. I know some who make bigger single trades than that!

Will SS buy today or be late for the 3rd month on the trot? This will be the final buy under DDSPP and I really don't expect him to carry on buying in the future. I just hope he is feeling the pain albeit probably only a minor itch to him. It will probably be covered in his renumerations somewhere.

elle
I have seen this BS type of posting again and again but it has certainly increased since you joined this bb. Coincidence or not?

"This is the perfect set up for an RNS. You rarely get a chart set up like this, "
The expert has spoken but has he counted the number of RNS's this year? I would hardly call it "rarely".

as quick as they did for the last batch the results should be out any time soon.
The longer the wait the worse the news imo. After all, if they find an easy solution it would not take them too much time to plan.

Ocelot still trying to polish the poo.
I wonder what he would say to advertise the first trade at 08:33:49? How would he put the spin on that?

LMAO
What math did you learn at school? Was it at the creative School of accounting?

At least 3 of those were waste so hardly earth shattering. Not the $120k you are being fooled into thinking.

elle
Did you do the math on the recent results of the latest TR1? I doubt it. More hogwash without research as usual.

elle
You don't half talk some poppy****. Where were you then? I don't remember there being any manned space missions during that period or you would be called OSLO.

Just a reminder of some of the things planned;

UKOG 2019-2020 Operated Assets Programme Published January 2019

2019
Q1 Test Production HH
Q2 Drilling HH-1Z and HH-2/HH2-Z
Q3 Test Production HH-1Z and HH-2/HH2-Z
Q4 Facilities HH
2000 Long Term Production/Further Production Wells

2020
Q1 Drilling Arreton
Q2 Drilling Godley Bridge
Test Production Arreton
Q3 Drilling Broadford Bridge Sidetrack
Drilling Arreton South
Test Production Arreton
Test Production Godley Bridge
Q4 Drilling PEDL 234 KL new site
Test Production the other 3 sites

How many of those came to fruition my old fruit cake?

PS That was from the HH flow test and not the Balcombe one.

From the Kimmeridge flow test RNS.

"Flow commenced at around 10.00am GMT yesterday at an initial instantaneous rate in excess of 700 barrels per day using a 1-inch choke, in an approximate mix of 50:50 oil to water. The well was then choked back to 32/64 inches resulting in a steady early oil rate in excess of 463 barrels of oil per day over a further 7.3-hour period, in an approximate mix of over 99% oil and less than 1% water."

Ocelot
Why not mention the amount of water encountered in the Kimmeridge and the possibility of it being a major concern.

elle
Prove it. You can't can you. We will find out in 3 months time.

Nkh

Yes to the best of the information collected.
BOPD comes from the NSTA https://www.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa
POO is the average for the month which comes from https://www.indexmundi.com/commodities/?commodity=crude-oil-brent&months=120

Multiply the 2 and the number of the days in the month to get receipts.

With 2 oil and 2 waste tankers last week what else di you expect today?

Shame Ocelot didn't do his research first.

Five energy storage projects across the UK will benefit from a share of over £32 million government funding.

https://www.gov.uk/government/news/energy-storage-backed-with-over-32-million-government-funding

Common theme from those trying to drum up support.

Nice one elle.

But only one is producing and the other four need money to drill. At these rock bottom prices UKOG don't have the capacity to raise the cash.
You only need to look at the placing to investors in 2021 when they only took up the offer of 256,974,621 shares out of 2,643,429,529 (£4.7m) and raised a paltry £462,554.
You really don't do your research in this share do you?
Do you really think shareholders are going to pitch in?

Those were the days. Predictions were;

HH-1 1000 bopd from the Kimmeridge
HH-2 300 bopd from the Portland
HH-3 1000 bopd from the Kimmeridge
HH-4 1000 bopd from the Kimmeridge
HH-5 1000 bopd from the Kimmeridge
HH-6 300 bopd from the Portland
WH-1 400 bopd