Member Info for Ibug

Baldy has been used by them before. I remember him having a go at a pensioner at Arreton just over 2 years ago just because he was wearing a chest cam and was recording the exhibition UKOG had put on.

nomlungu
We will find out in the next few days.

Didn't take Ruth long to get in on the act. Has someone on here been feeding her info?

Protests disrupt UKOG agm
BY RUTH HAYHURST ON JUNE 28, 2022 • ( LEAVE A COMMENT )
Opponents of onshore oil and gas operations disrupted an industry agm in London this morning.

More here:

https://drillordrop.com/2022/06/28/protests-disrupt-ukog-agm/

It's all over now.

Fossil Free London
@fossilfreeLDN
Update: AGM concluded following extensive disruption ?? More to follow.
Quote Tweet
Fossil Free London
@fossilfreeLDN
? @UKOGlistedonAIM #DontDrillHorseHill twitter.com/MiaHWatanabe/s…
12:15 PM · Jun 28, 2022·Twitter Web App

It's like cricket. Resumed play after pitch invasion.

https://twitter.com/MiaHWatanabe

Quite a few vids here.

Yet another pointless post. I'm not sure how many times SS has said that UKOG will not frack. In one ear and out the other.

https://twitter.com/fossilfreeLDN/status/1541732329705684994

AGM cancelled

Fossil Free London
@fossilfreeLDN
UKOG cancel their AGM following our demand to end oil & gas expansion ?
@UKOGlistedonAIM
#DontDrillHorseHill

Obviously none from here went as the last one was over in under 15 minutes. Even with some asking questions they will want to be off for a long lunch. It's not as if they couldn't prepare the RNS beforehand so any time after 2pm imo unless it didn't go well.

WTF "Continuously review and high-grade our portfolio to either acquire or divest further stakes in existing assets. " does not actually mean anything. It's just a few highfaluting words put together to sound good.

And yet we get all sorts of postings on projects that are not going to happen any time this year or years to come. How many of them will fall to the wayside like;

Offshore IOW
Arreton
Markwells Wood
Baxters Copse
Holmwood
Lidsey
Brockham
Eakring-Dukes Wood
Kirklington

And that's without checking back to see if I missed any.

It has gotten so bad that they have even stopped posting about UKOG on twitter. Some do have multiple accounts!

@davethedrill1
@WealdOilers
@Anton13579
@JCranam
@JohnRogan9
@johnrog94359745
@SallyAnneOil
@HorseHill710
@HarryTheHorse7
@Bythegates

I was watching Westworld ;o)

TH2
"Key player"? They can't even make a profit. And just like UKOG you will never make a profit.

AGM will come 1st imo.

Will we get a similar repetition?

"Result of Annual General Meeting
UKOG (LONDON AIM:UKOG) is pleased to announce that at its Annual General Meeting held earlier today, resolution 6 was withdrawn and all remaining resolutions put to shareholders were duly passed."

Just a reminder.
There have been no placings during the Interim period so any cash in hand includes the money left over from the $7m for Basur drilling/seismic and money for Loxley road/pad/site. It won't be too difficult to work out what will be left in the kitty.

So coming up we have Loxley in about 6 or 7 years time for production and the planning for Portland for another 4 years.

But in the meantime we have UKOG stuck in the mud until SS changes his mind about sticking with Turkey getting done 1st. And we have Turkey stuck in the mud because they can't make up their minds about whether they can carry on with Basur-3 or go for Resan 6.

Meanwhile they will be off to the states on a jolly while you are all stuck at home wondering how your gas and electricity bills are going to get paid.

Will we get some clear direction next week?

We have only had 1 interim for comparison since full production started but 2 full annuals.

year ended 30 September 2021 £'000 Revenue 1562 Other Cost of sales (1067) Administrative expenses (2,098)
6 months ended 31 March 2021 (Unaudited) £'000 Revenue 721 Other Cost of sales (544) Administrative expenses (915)
year ended 30 September 2020 £'000 Revenue 908 Other Cost of sales (1171) Administrative expenses (1755)

There couldn't be a better time than now for drilling in Turkey. Drilling costs are down to under £400k a well. That is about 1/2 the price it was a year ago. So what is really holding UKOG back?
It must be down to the seismic results imo.

With the AGM being open to the shareholders guess we will have to wait and see if any posters on here actually go to get any feedback. There was about a 2 hour delay in last years announcement of results.

ocelot
The Annual accounts is all about the financial statement which is about the past. Anything else is just flimflam and blowing smoke. SP has dropped since it came out so "upbeat" really helped the cause.

I'm expecting SS to buy up all the old coal mines and start extracting methane on the back of that study. After all "Boreholes of 1-2m were monitored for methane flux at four sites. Of these, the length of monitoring was 24 hours at Old Hills, 7 hours at Long Clawson and 10 minutes each at Plungar and Bottesford." they really put a lot of effort into it!

It's almost as if some of the fantasists on here have gotten together to write this study.

Study calls for “robust monitoring” of redundant wells for methane leaks
New research into fugitive methane emissions has called for better monitoring of decommissioned onshore oil and gas wells.

https://drillordrop.com/2022/06/24/study-calls-for-robust-monitoring-of-redundant-wells-for-methane-leaks/

Unbelievable!!!