Member Info for Ibug

ocelot
Why are you so worried about me. I'm all solar apart from the gas BBQ which costs me about £20 for a 13kg bottle in English. Go worry elsewhere.

ocelot
Can you read Turkish?

ocelot
I take it you live on a pig farm with the number of porkies you tell. UKOG don't have 100% of 4 of those licences.
Keep up the good work. No one will believe anything you say soon.

ocelot
Care to itemise them?
I make it about

Broadford Bridge/Loxley2
Licence: PEDL234
Interest: 100%
Licence holder: UKOG (234) Ltd3
Area (km2): 300
Status: BB-1/1z oil discovery, Loxley-1
gas appraisal well planning application
approved on appeal

Horse Hill1
Licence: PEDL137/PEDL246
Interest: 85.635% net share
Licence holder: Horse Hill
Developments Ltd3
Area (km2): 99.3/43.6
Status: Full 25-year production
approval given by by all regulatory
authorities

Title - sarcasm
Wording - translation from https://www.enerjigunlugu.net/

Crude oil prices started to rise in the market, which was waiting for a decision to cut production at the meeting of OPEC, the Union of Petroleum Exporting Countries, on Monday. Concerns about the recession in the global economy and China's increase in Covid-19 measures limit the rise. 
In the past weeks, the Saudi Oil Minister said that OPEC could cut production to reduce the volatility in the markets. The minister's statements were interpreted as 'the cartel intends to keep crude oil prices above the $100 level'.   
In international markets, the price of a barrel of Brent crude oil is 94 dollars, and West Texas type WTI is trading at 88 dollars. 

ells_valexpert
But that "In a statement today" was on the 20 Jul 2022 so readers had better check the posts on here for accuracy.
Permission was granted in June.
Would you "refer to the legal action in its statement to investors." if you were trying to sell something? I would.
Makes you wonder why it was omitted from the statement other than for obvious reasons.

You probably joined this bb after these articles were posted so just to bring you up to date.

Good Law Project backs community challenge to government over gas drilling near Surrey village
https://drillordrop.com/2022/07/21/good-law-project-backs-community-challenge-to-government-over-gas-drilling-near-surrey-village/

UKOG threatens libel action against councillor
https://drillordrop.com/2022/07/19/ukog-threatens-libel-action-against-councillor/

Community group joins council in Dunsfold drilling challenges
https://drillordrop.com/2022/07/19/community-group-joins-council-in-dunsfold-drilling-challenges/

Council to vote on legal challenge to UKOG gas drilling
https://drillordrop.com/2022/07/14/council-to-vote-on-legal-challenge-to-ukog-gas-drilling/

Christ. I wonder what they have all been looking at over the lsst 2 years? From April 1 2020 it hasn't looked good apart from the odd spike. Keep polishing the poo.

Penguins
ANGS have been taking lessons from UKOG. No return for May and June has water produced twice that of oil. They only produced about 20 tonnes of oil for the whole month. Even those living in the camp have failed to spot any tankers.
Talk is cheap when it is not costing you anything.
July and August production figures are going to be interesting for both Portland producers.

CynderLad
POO is too high to have any affect imo. I don't remember cost of sales ever exceeding revenue.

There may have been minor works in early May as they got the EA permit needed to downsize to lower tier site.

Reporting Period Month Name June 54 bopd

Oil Production Mass (tonnes) 216.60
Oil Production Volume (m3) 256.00
Oil Production volume (mb/d) 0.05
Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 7.88
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 7.00
Associated Gas Production density (kg/sm3) 1.07

Gas Flared - Volume (Ksm3) 7.00
Gas Flared - Density (Kg/sm3) 1.07
Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 157.00
Water production volume (mb/d) 0.03
Reinjected produced water volume (m3) 0.00

Reporting Period Month Name May 50.5bopd

Oil Production Mass (tonnes) 210.70
Oil Production Volume (m3) 249.00
Oil Production volume (mb/d) 0.05
Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 6.51
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 6.00
Associated Gas Production density (kg/sm3) 1.07

Gas Flared - Volume (Ksm3) 6.00
Gas Flared - Density (Kg/sm3) 1.07
Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 135.00
Water production volume (mb/d) 0.03

Month bopd
May 21 100
Jun 21 95
Jul 21 92
Aug 21 82
Sep 21 45
Oct 21 63
Nov 21 60
Dec 21 62
Jan 22 60
Feb 22 59
Mar 22 61
Apr 22 55
May 22 50
Jun 22 54

Receipts for June $120.08 x 54 x 30 = $193,358
Receipts for May $112.37x 50.5 x 31 = $175,995
Receipts for April $105.78 x 54.5 x 30 = $172,993
Receipts for March $115.59 x 61 x 31 = $218,581
Receipts for February $95.76 x 59 x 28 = $158,195
Receipts for January $85.53 x 60 x 31 = $159,086
Receipts for December $74.31 x 62 x 31 = $142,824

Brockham is showing 2 parts water to 1 part oil. Is that an indication of things to come at HH?

ocelot
Did you write for Jackanory? Any proof that ANGS are interested or just another story for the mugs to get excited about. How is Brockham doing? I am hearing that not all is well as no figures appeared for May on the NSTA

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

Makes you wonder why UKOG are giving up on the "second biggest onshore gas field" in the UK. I bet others are wondering as well. Never a good sign imo. Bet a lot of due diligence is going on even if anyone is interested.
It's a bit like everything else here. All quiet on the western front.
It is very difficult to Poo polish as eventually there will be nothing left.

Will Loxley ever reach this stage?

Instantaneous Flows into the NTS

https://gasdata.nationalgrid.com/InstantaneousView

Under Rishi Sunak's Energy Profits Levy, "For every £1 a company invests, it will get back £0.91 in tax relief".

Won't benefit UKOG if they farm it out and you can probably guarantee it will only apply to new projects even if ever does come in. We all know what politicians are like with their promises. They also make good BoD's!

It will be ages before they start Loxley no matter who owns it.

TOWN AND COUNTRY PLANNING ACT 1990 – SECTION 78
APPEAL MADE BY UKOG (234) LTD
LAND SOUTH OF DUNSFOLD ROAD AND EAST OF HIGH LOXLEY ROAD, DUNSFOLD, SURREY
APPLICATION REF: WA/2019/0796

Taken from Annex B List of conditions
Prior to the commencement Conditions 7a, 7b, 8, 9, 10, 12, 13, 21, 22, 24, 25, 26, 27, 29, 30 have to be met. Many of them will have to go before the Planning Committee and at least one of them will come under closer scrutiny imo.

Crude oil fell to its lowest level in the last 2 weeks as China's increase in COVID-19 restrictions was interpreted as 'global recession is coming'. Data showing that industrial production has decreased in the Eurozone, which consists of Eurozone countries, also supports the concerns of recession in the economic environment where interest rates are rising.  
In international markets, Brent oil is trading at $93, while WTI of West Texas is trading at $86. 

The new smaller (it only has 1 motor) surface pump was fitted a month ago and not a dicky bird from the BoD. Only 1 tanker has been seen leaving the site. Go figure.