Member Info for Ibug

He said they are not going to "spunk away the money" so that's it for us then.
7m552s in.

At least SS will get more for his bucks next week.

I thought it was supposed to mean Ellsy Val Expert.

ells_valexpert

Isn't "review the data" part and parcel of "completing the Phase 2 Turkey seismic programme "?

"Reasons for the Placing and Use of Proceeds

The placing has been undertaken to provide the Company with a source of general working capital and to help deliver the Company's previously stated near term goals of completing the Phase 2 Turkey seismic programme and the subsequent drilling of a new appraisal well in the Basur oil discovery, anticipated to be able to add near-term oil production to the Company in H1 2023."

The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.

Full story here;

https://drillordrop.com/2022/09/15/e-midlands-fracks-could-supply-3m-homes-in-a-year-and-be-less-prone-to-earthquakes-igas/

Mixed messages from the Guardian article imo.

A bit behind today. Been watching the Grand Tour.
So even though they found oil seeps to the north the new seismic was to the west and south. Makes sense I suppose.

It is such a shame when the boys can't even get their stories right.

ells_valexpert

You must have missed this one.

https://www.youtube.com/watch?v=a2h2kWmf5iA&t=90s&ab_channel=BenTurney

ocelot
I have been share dealing since the early 80's and have been in here since 2013. I don't really think all your BS is necessary. In fact it is insulting to other readers as well as myself. Do you take everyone to be as daft as you are?

PI's obviously don't think so otherwise the SP would be far higher. Must be in your dreams.

ocelot
And what are UKOG going to use for collateral? Smell the roses. You really are a dreamer.

LMAO UKOG can only just about raise funds through a placing. I heard they were £2m short with the last one .

This is why ocelot won't reply. From a RNS just over a year ago. I wonder how the NSTA will view the lack of complicity.

The respective RA programme deadlines are now as follows:

· PEDL137: commence drilling a Kimmeridge appraisal well by 30 September 2022.

Meaning of expert: Has to rely on others.

I wonder how they are going to pay for any drilling at HH?
Did they raise money to carry out work on the injector well at HH-2Z.
How much of the placing money have they used so far this year without having to go cap in hand to the PI's?
They really could make a mini Dallas series out of this. Pure fiction of course.

ocelot
You keep forgetting that IGas have not made any moves to produce gas from Godley Bridge even with the recent price rise. They are hardly likely to invest in a field that does not yet exist.

So we have one company with a 11.765% interest and another company with no interest in UKOG looking at assets with hardly any assets. Whoopee F. Why would the ramping brigade be pushing this poo up the hill? Probably because the SP is dropping again. Not exactly rocket science to see where this is going. I really feel sorry for them if that is the best they can do.

ells_valexpert
Ah. Diddums'. All your ramping not paying off? Sticks and stones mate. You should have been here when I had my previous accounts.

It was a rhetorical question.