Member Info for Ibug

I wouldn't get too carried away.

Production figures for Loxley and the value it will bring to UKOG in the next 5 years.

Loxley production 2022 = 0
Loxley production 2023 = 0
Loxley production 2024 = 0
Loxley production 2025 = 0
Loxley production 2026 = 0

https://www.google.com/finance/quote/ANGS:LON?hl=en&hl=en

It's dropping already. Not a good sign for gas production if that is anything to go by.

In the words of the Saudi Minister, crude oil is over $100 again
The Saudis are encouraging OPEC to cut production to keep the price of crude above $100.

Energy Diary - Crude oil prices continue to rise due to the comment made by Saudi Arabian Oil Minister Prince Abdulaziz bin Salman yesterday. The barrel price of Brent crude oil rose above the $100 threshold again after a two-week hiatus. 
Minister bin Selman, in his statement yesterday, said that OPEC, the Organization of Petroleum Exporting Countries, should reduce production in order to reduce the volatility seen in the crude oil market in recent days. While it is predicted that the price will decrease further with the entry of Iranian oil into the market if an agreement is reached from the nuclear talks, the Minister's words were interpreted as 'the Saudis are determined to keep the oil above the 100 dollar level' . 
In the international market, crude oil is trading at $100.2 a barrel at around 16.00 Turkish time, while the West Texas type WTI is at $93.66.

"Buying pressure increasing"
What planet are you on. Trades nearly mirror the same as they did yesterday.
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
24-Aug-22 12:57:03 0.0848 3,528,313 Buy* 0.08 0.085 2,992 O
24-Aug-22 12:55:36 0.085 2,929,412 Buy* 0.08 0.085 2,490 O
24-Aug-22 09:42:21 0.0844 12,453 Unknown* 0.08 0.085 10.51 O
24-Aug-22 09:42:21 0.08444 -12,453 Unknown* 0.08 0.085 -10.52 O
24-Aug-22 09:04:20 0.0844 3,100,000 Unknown* 0.08 0.085 2,616 O
24-Aug-22 09:04:20 0.08444 -3,100,000 Unknown* 0.08 0.085 -2,618 O
24-Aug-22 12:53:50 0.085 2,929,412 Buy* 0.08 0.085 2,490 O
24-Aug-22 12:19:53 0.0844 101,324 Buy* 0.08 0.085 85.52 O
24-Aug-22 12:19:28 0.0844 300,000 Buy* 0.08 0.085 253.20 O
24-Aug-22 12:18:10 0.08444 395,486 Buy* 0.08 0.085 333.95 O
24-Aug-22 12:17:36 0.0844 2,109,084 Buy* 0.08 0.085 1,780 O
24-Aug-22 11:02:18 0.085 20,058 Buy* 0.08 0.085 17.05 O
24-Aug-22 10:34:19 0.085 2,941,319 Buy* 0.08 0.085 2,500 O
24-Aug-22 10:23:47 0.085 500,000 Buy* 0.08 0.085 425.00 O
24-Aug-22 10:17:46 0.08444 500,000 Buy* 0.08 0.085 422.20 O
24-Aug-22 10:02:08 0.085 4,152 Buy* 0.08 0.085 3.53 O
24-Aug-22 09:51:02 0.085 1,176,471 Buy* 0.08 0.085 1,000 O
24-Aug-22 09:49:25 0.085 1,165,299 Buy* 0.08 0.085 990.50 O
24-Aug-22 09:48:30 0.085 2,000,000 Buy* 0.08 0.085 1,700 O
24-Aug-22 09:42:21 0.08444 12,453 Buy* 0.08 0.085 10.52 O
24-Aug-22 09:21:39 0.085 4,858,681 Buy* 0.08 0.085 4,130 O
24-Aug-22 09:17:25 0.085 823,529 Buy* 0.08 0.085 700.00 O
24-Aug-22 09:10:38 0.085 1,000 Buy* 0.08 0.085 0.85 O
24-Aug-22 09:04:35 0.0848 1,527,889 Buy* 0.08 0.085 1,296 O
24-Aug-22 09:04:20 0.08444 3,100,000 Buy* 0.08 0.085 2,618 O
24-Aug-22 09:02:43 0.0848 500,000 Buy* 0.08 0.085 424.00 O
24-Aug-22 09:02:28 0.085 1 Buy* 0.08 0.085 0.00 O
24-Aug-22 09:00:27 0.084 1,000,000 Buy* 0.08 0.085 840.00 UT
24-Aug-22 08:50:08 0.0848 117,924 Buy* 0.08 0.085 100.00 O
24-Aug-22 08:44:48 0.0848 64,858 Buy* 0.08 0.085 55.00 O
24-Aug-22 08:43:11 0.0848 103,832 Buy* 0.08 0.085 88.05 O
24-Aug-22 08:31:26 0.085 5,868,541 Buy* 0.08 0.085 4,988 O
24-Aug-22 08:04:45 0.085 1,100 Buy* 0.08 0.085 0.94 O
23-Aug-22 16:01:48 0.0844 967,199 Unknown* 0.08 0.085 816.32 O
23-Aug-22 16:01:48 0.08444 -967,199 Unknown* 0.08 0.085 -816.70 O
23-Aug-22 15:46:10 0.0844 1,000,000 Unknown* 0.08 0.085 844.00 O
23-Aug-22 15:46:10 0.08444 -1,000,000 Unknown* 0.08 0.085 -844.40 O
24-Aug-22 08:00:08 0.0848 49,540 Buy* 0.08 0.085 42.01 O
24-Aug-22 08:00:07 0.0848 108,502 Buy* 0.08 0.085 92.01 O

Must do better.

Production figures for Loxley and the value it will bring to UKOG in the next 5 years.

Loxley production 2022 = 0
Loxley production 2023 = 0
Loxley production 2024 = 0
Loxley production 2025 = 0
Loxley production 2026 = 0

Chart Of The Day: Natural Gas To $13.25

https://www.investing.com/analysis/chart-of-the-day-natural-gas-to-1325-200628878

Really?

Is all well between UKOG and AME. Have UKOG woken up to the fact that AME have been ripping them off for costs? The M48-c licence went to a consortium of Türkiye Petrolleri A.O., Euroasia Invesment Ins. San. Ve Tic. A.S. and Seyl Enerji A.S.
Must be a long summer break for the BoD. No update on Basur seismic, no pictures from Basur , no update on Horsehill and SS not buying shares last week. Lots of nothing happening.

And 1 sell accounts for over 50% of it.

Unfortunately we can only speculate about the production at HH. Only 1 tanker seen leaving the site since the 8th so August production will be under 50 bopd imo.

For the M48-c4 sheet of 15,347 hectares of Aladdin Middle East Ltd. in the provinces of Siirt, Sirnak
his application for an oil exploration license was examined; Turkish Petroleum No. 6491
Article 7 of the Law and Articles 9 and 10 of the Turkish Petroleum Law Implementation Regulation
accordingly, the request was dismissed.
Open in Google Translate

The precious US Dollar and recession concerns are pushing crude oil prices down.

Crude oil prices, after rising for two consecutive days, are preparing to close the week with a decrease of about 3 percent due to the strong dollar effect and the concerns of slowdown in the global economy. The dollar's higher course makes oil expensive for buyers using other currencies. In international markets, Brent oil is trading at $94 a barrel, while West Texas WTI is trading at $88. 

Looks like you are getting a real shafting. I bet Spain and Portugal don't get their electricity from Russia.

https://www.euractiv.com/section/politics/short_news/greeks-pay-the-highest-electricity-price-in-the-eu/

UKOG have receipts for over $6m from oil at HH x 6% = 0 received by the local community

UKOK have produced 0 gas at Loxley x 6% = 0 received by the local community

Seems to be a pattern emerging here.

And no mention of the amount of gas they expect to find.

"LOCAL COMMUNITY ROYALTY PAYMENT
UKOG is committed to paying 6% of gross revenues to the local community (including business
rates). We are in discussions with the industry trade body, UK Onshore Oil & Gas (UKOOG) and
HMRC to finalise the details of this scheme. At our estimated peak production rate and current
oil prices, this royalty would equate to around £1 million per year."

And they have yet to see any of this at HH. Full of false promises so DYOR on this.

ocelot
It really says a lot about a person when they post something they know is so obviously false. imo it is an even worse offense than the original and tells me a lot about the morals of the person. Obviously I am unable to put my true feelings down as it would most certainly result in a ban. Karma is a *****.

ocelot

More tosh imo
.
Please explain how they can flow test something that has never been drilled.

I really do look forward to the answer.

Climate campaigner given 72 hours to leave tunnel protest over aviation fuel pipeline

"Scott Breen had previously been named in an injunction aimed at preventing trespass and obstruction at UKOG’s oil production site near Gatwick airport."

full story;

https://drillordrop.com/2022/08/19/climate-campaigner-given-72-hours-to-leave-tunnel-protest-over-aviation-fuel-pipeline/

"Esso said the new pipeline would help to keep 100 tankers a day off the road. It was a safe, low-impact method of transporting fuel, the company said."

19-Aug-22 11:56:42 0.0849 1,177,856 Buy* 0.0825 0.085 1,000.00

Amazing how quickly some forget Loxley was funded as far back as over 2 years ago.

" Raised £4.2 million at 0.2 pence per share to provide funding for the above and other key activities. To include preparations for work at the Loxley Portland gas appraisal well site, if planning approval is granted on 29 June, and follow-up of the Arreton, Isle of Wight planning application. "

I wonder what happened to the money earmarked for Loxley? Guess because it was refused they thought we would forget it.