Member Info for Ibug

I'll let you get on with your Jackanories as I have more fun things to do today and I'm sure you will love talking to yourself all day. The good thing is all the posts will have gone tomorrow.

This is what IGas said last year. "7/4/21 Work on other projects, to appraise the potential that exists in our prospective resources such as the prospect at Godley Bridge in the South-east, will ramp-up again once there is more certainty in energy prices."
Would IGas who already have 3 wells at Godley Bridge to chose from waste money on an undrilled well which they know nothing about? At least they know what is below the ground and it is till uneconomical to get it out despite the price of gas today.
No doubt Adrians next wildcat story will be about a gas pipeline from Loxley to Brockham or Humbly Grove.

ocelot
Can't you read? Where did I say that? Do you really think I am going to keep cash tied up in a project that won't earn me anything until 2030 when there are plenty of shares where I can make a profit in a day.
Just because you are locked in don't blame the rest of us for being savvy enough to play the field.

Adrian
What will it be in 8 years time when and if they find any and start producing? Your eyes are bigger than you belly!

I see my post about them going on a jolly has already been removed. You need to watch the rats on here reporting you days after you have posted.
"Further phase 2 seismic lines to the west will be required to confirm its size, prospective resource hydrocarbon volume, and to help define any future exploration well location. " does not correlate with "To help progress Basur towards drilling, members of UKOG's technical team plan to spend next week in the field, scouting a potential new Basur-4 location, "
Why would you go looking before the results of the seismic have been processed? Just a wasted trip. All the historic evidence has shown no oil has been found to the west of the licence and TPO have drilled many wells there.
We have another 4 months to wait to see how much E.Sadak has declined in the last year. AME only seem to post smoke blowing articles or religious holidays on facebook and their website.

Wanting to control the price of its oil, Russia plans to start trading on a national platform in October.

Energy Diary - Russia plans to issue a new price index in 2023 to control the price of its oil.
While some countries, especially Europe and the USA, impose sanctions on Russia due to the invasion of Ukraine, large oil consumers such as China and India are filling their warehouses with discounted Russian crude oil . Russian oil is sold for $30 less than brent crude, which sells for around $110 a barrel. In order to reduce Moscow's oil revenues and to prevent rising energy prices, efforts are underway to impose a price limit this time.
In the face of this situation, Russia plans to issue a new price index in 2023 in order to control the price of its oil. It is planned to start trading on a national platform in October, and to reach a new benchmark trading volume in March-July 2023.
At the G7 Leaders' Summit held at the end of June, no decision was made to apply a ceiling price to Russian oil. However, the G7 countries decided to investigate the ban on the transportation of Russian oil sold above a certain price.

And why have IGas have not put in a planning application to produce gas from Godley Bridge or made an approach on UKOG in the last few years? More jam, polishing turds and pie in the sky to come no doubt.
And what for? A project is still years in the making. They should call it the "pushing up the daisies" project.

If I had any shares in a company that became a farminee I would sell them straight away.

Considering it will be a 3 or 4 year delay until they have finished the 3 year SCC Ref 2019/0031. Add on the years for getting new approvals and permissions and possible appeals and you are into the 2030's. Then you have all the "gas" elements to export the stuff if you find it.
Ever thought that ocelot is wasting time and space or is he just bored at home and needs something to fantasise about. Now that really would be sad. I'd put Loxley behind Portland in the running order for completion right now.

Had a look at Yeni Kopru-1 and that was P&A back in the early 70's. TPO haven't had much success in the licences to the west of Basur. In fact they have had no success at all in M47,A2-A4.
Shame our Turkish member don't add anything to this bb. I wonder why? 1 is a regular early morning poster and I haven't seen the other 2 since the drill got stuck.
1st mention of Basur-1. Shame it is not in English.
https://www.mapeg.gov.tr/Uploads/PetrolDergileri/1965tam.pdf

I wonder where I got that from! Go figure. Anyway, bigger fish to fry today. Need to get lunch on.

ocelot
Think what you want but you will never know what I am thinking and every time you try you are miles off.

ocelot
Most of us can read and comprehend. We don't need regurgitation of dross 24/7. I make my own conclusions from what I read. I don't need to be force fed by others.
Are you trying to push the SP sub 0.1p today?
Do shareholders get Stockholm syndrome?

The phrase "Much Ado About Nothing" springs to mind.

ocelot.
I've never heard so much rubbish. Keep the crap coming and stop stirring the pot.
How much did AME charge UKOG for the first well and seismic? Wasn't it 100%.
"To earn its 50% interest in the Licence, the Company has agreed to fund 100% of the first of 5 commitment wells "

So nothing new then.

Penguins
I was on about the one on slide 13 of 14 to the south and west from Turkey_Slides _FINAL_190121. Bottom left hand corner of licence area and the only presentation that shows it.

I wonder what they all said about B-3? I don't remember UKOG saying it was "promising" and they were right not to say so.

And yet "Further phase 2 seismic lines to the west will be required to confirm its size, prospective resource hydrocarbon volume, and to help define any future exploration well location. " Sounds like a jolly to me.

Good Law Project backs community challenge to government over gas drilling near Surrey village

The Good Law Project announced this morning it was supporting the community group, Protect Dunsfold, in its bid to challenge a government decision to allow exploratory drilling for gas on the edge of the Surrey Hills Area of Outstanding Natural Beauty (AONB).

Full story:

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

They will be running out of nails for the coffin soon. They need to be careful how they do the placings.
My guess is they will do the first one for the ii's, "QUALIFIED INVESTORS" and "INVESTMENT PROFESSIONALS" at a 20-30% discount and then the same again for the masochistic PI's determined to average down because they love the company so much. £2m for admin and the rest for Turkey. Loxley is on hold imo until they sort out the appeal status.

Trying to look like a pseudo Maggie to me. Thank goodness I don't have to trust either of them.