Member Info for Ibug

Penguins
You are quite correct. Horndean accounts for about 15% of our oil revenue.

Reporting Period Month Name March 61 bopd

Oil Production Mass (tonnes) 253.00
Oil Production Volume (m3) 299.00
Oil Production volume (mb/d) 0.06
Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 9.03
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 8.00
Associated Gas Production density (kg/sm3) 1.07

Gas Flared - Volume (Ksm3) 8.00
Gas Flared - Density (Kg/sm3) 1.07
Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 167.00
Water production volume (mb/d) 0.03

Reporting Period Month Name February 58 bopd

Oil Production Mass (tonnes) 221.70
Oil Production Volume (m3) 262.00
Oil Production volume (mb/d) 0.06
Oil production density (Kg/m3) 846.00

Associated gas production mass (tonnes) 8.06
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 8.00
Associated Gas Production density (kg/sm3) 1.07

Gas Flared - Volume (Ksm3) 8.00
Gas Flared - Density (Kg/sm3) 1.07
Gas Flared - Non Hydrocarbon (%) 4.50

Water production volume (ksm3) 147.00
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

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

Weighted average number of ordinary shares for calculating basic loss per share

The number of shares went from 7,095,087,349 to 16,239,233,251 in 12 months.

Not sure what we have to show for it of any value. I'm sure some will tell us but I still don't see it.

The oil was the black stuff. The water looked like water.

Is that all, 20 bopd from Brockham? Has Lucan been taking lessons from SS? Why do they always fall for it.

https://www.youtube.com/shorts/vqW_Qfuh3lo

Unfortunately the link is no longer there as mapeg updated their website but I do have the original in pdf format.

http://mapeg.gov.tr/petrol/dergiler/1965.pdf
All you need to do is translate it where it says Basur a few pages down

"Ayrica, Basur-1 kuyusunda yapilan testlerde 44 ton, 35 API ham petrol elde edilmisse de, daha sonra tuzlu su geldiginden testlere son verilmistir ."

translates to

"In addition, although 44 tons of 35 API crude oil was obtained in the tests carried out in Basur-1 well, the tests were terminated because salt water came later."

TH2
What have you actually added to this bb? All you do is blatantly try and blame everyone else for the SP dropping apart from yourself. In fact nearly every time you do post the SP seems to drop.

Page 2 shows K1 as a "dry hole"

Scout report 2014 sep 30092014 shows Konakli 1 as a "Water well on completion"

TPO gave up the licence after drilling that well.

Page 4
very difficult to understand after reading the words how BS-3 got stuck considering it never got close to the "of a major backthrust fault to the north"

Keep your eyes out on ebay for UKOG Turkish oil. It may be worth a fortune in years to come.

oil video

https://www.youtube.com/watch?v=4omp5vpY01A

seismic

https://www.ukogplc.com/ul/UKOG%20Basur%20Seismic%20Update%20290622.pdf

With admin running at nearly £1.5m every 6 months they will be delving into money allocated for Loxley and Turkey soon.

The failure to mention any real news on HH-1 Kimmeridge, Loxley drilling, HH-2Z injector leaves us non the wiser as to WTF is going on.
I still get the impression it is Turkey or bust.

6 months ended 31 March 2021 (Unaudited) £'000 Revenue 721 Other Cost of sales (544) Administrative expenses (915)
6 months ended 31 March 2022 (Unaudited) £'000 Revenue 911 Other Cost of sales (408) Administrative expenses (1402)

Admin and cost of sales greatly exceed revenue.

The operating loss for the six months to 31 March 2022 was £1.29 million compared to £1.01 million for the same period last year. Revenue for the six months saw an increase from £0.72 million to £0.91 million, which was a result of production of Horse Hill field and increased Brent crude prices.

are out as well.

The last 4 trading days have been in the doldrums with Friday being the lowest ever imo. But what do you expect with the AGM and Interim accounts arriving at the same time. This ain't no Lazarus project. We should know either today or tomorrow if it's going to be butter or grease.

They would need to produce at least 61 bopd for March to equal the highest monthly receipts since production started and I can't see that happening.

Gilders
How far do you want me to go back? I'm ok from the 70's onwards. I even know one of the ex Chairmen from college days.

TH2
I think BP are actually making a profit though. How are UKOG doing? Bet you don't answer that one just like all the other questions you ignore.

Back in the real world. Average price of Brent for the last 12 months. No wizardry there.

Jun 2021 73.07 7.39%
Jul 2021 74.39 1.81%
Aug 2021 70.02 -5.87%
Sep 2021 74.60 6.54%
Oct 2021 83.65 12.13%
Nov 2021 80.77 -3.44%
Dec 2021 74.31 -8.00%
Jan 2022 85.53 15.10%
Feb 2022 95.76 11.96%
Mar 2022 115.59 20.71%
Apr 2022 105.78 -8.49%
May 2022 112.37 6.23%

Total Votes at UKOG Annual General Meeting, 28th June 2022

Resolution 1 Receiving and Considering the Accounts Votes For 99% Votes Against 1 %
Resolution 2 Re-Appointment of Director Votes For 86% Votes Against 14%
Resolution 3 Reappointment of Auditors Votes For 96% Votes Against 4%
Resolution 4 Directors’ Authority to Allot Shares Votes For 82% Votes Against 18%
Resolution 5 Disapplication of Pre-emption Rights Votes For 86% Votes Against 14%

Pretty bad considering last year it ranged between 93 and 97% for and 3 and 7% against.