Member Info for Ibug

He certainly doesn't know the meaning of "own". A bit of office "furniture", the fences, the stuff they bought from PWT and the ground works at HH is probably all they do own.

Sounds like TH2 has RSI and is tuck on the toilet.

Just hope it is not a breach in the dyke.

TH2
Would you care to list what UKOG actually owns? Not things that are rented, leased or borrowed.

From the last 2 interims

6 months 31 March 2021 (Unaudited) £'000 Revenue 721 Other Cost of sales (544) Administrative expenses (915)
6 months 31 March 2020 (Unaudited) £'000 Revenue 88 Other Cost of sales (40) Administrative expenses (715)

Revenue should be up in the next interim account. Not sure about cost of sales as transport prices have been rising but I'm not sure by how much. Admin could go either way.

It did have £300k debt to traders and other debtors in the last annual.

Short trm memory?

TrollHunter2

Posted in: UKOG

Posts: 1,854

Price: 0.165

No Opinion

RE: Don't miss the opening auction08 Jun 2022 07:31
Don't raise it too quickly...I want one last top up first :-)
Looking to ride this well up over 1p and back to 3p at least again.
Retirement package being put together :-)
GLA

No idea because I have no idea what surface facilities are required. Just look how long it has taken to set up Saltfleetby.
https://twitter.com/angusenergyplc/status/1314212587387535372
Work underway to prepare the existing ground for the laying of the new pipeline. #ANGS
3:34 PM · Oct 8, 2020·Twitter Web App

What is the point in posting the price of gas every 5 minutes when they won't be producing any for at least 3/4/5 years. But first you have to find it.

https://www.bbc.co.uk/iplayer/episode/m00184qr/south-today-lunchtime-news-08062022

Just had a chance to read the filings.

5. Having considered all the available evidence, and having particular regard to the Planning Practice Guidance, the Secretary of State agrees with the Inspector’s conclusions in his report and accepts his recommendation. Accordingly, he has decided that a partial award of costs against Surrey County Council, on grounds of 'unreasonable behaviour', is not justified in the particular circumstances. The application is therefore refused.

ocelot
They certainly didn't use the knowledge from HH when they drilled BB.

Why drill an exploration well on the slant when it is common practice to drill and core a vertical well before drilling a sidetrack.
They also missed the opportunity to drill and core HH-2 before drilling HH-2Z.

If they can't get the basics right what chance do they have?

ocelot
They couldn't even produce enough gas at HH to keep the big flare working. What chance have they got at Loxley given it is exactly the same formations. The fact that they are also relying on results from HH and Loxley to keep BB going fill me with dread apart from the fact they provide good trading opportunities.

TH2
Isn't that the same excuse that all LTL's use every time it drops? What a load of utter BS.
"I might buy an oil tanker to run around in in retirement :-)"
It will probably be cheaper than an EV!

HH1AN2
Govt. and SCC are not connected. Let's just wait and see how long it takes to get the first "Condition" Application in. They do after all have 11 to choose from.
Transport Management Plan
scheme of noise mitigation
noise monitoring plan
design of a surface water drainage scheme
a verification report carried out by a qualified drainage engineer
Construction Environment Management Plan
Construction Environment Management Plan (CEMP) Verification Report
Pre-development Baseline Geochemical Testing Report
Post-Development Geochemical Inspection and Testing Report
initial Landscape, Environment and Biodiversity Restoration and Enhancement Plan
programme of archaeological work

Some of the usual suspects are there.

Under 60 bopd and 0 bopd are really significant for the wrong reasons imo. Loxley will take as long as it takes for UKOG to get those Condition Planning Applications in and then add on another 2 years at least. And we all know from HH experience how well they did there. You would have though having gone through the procedure at HH UKOG would know what to put in their planning applications to obviate more work.

TH2
You obviously don't believe what UKOG consider as the timeline.

1.A: Access and Well Site Construction 07:00 – 19:00 09:00 – 13:00 None 14 weeks
2.A: Drilling - Mobilisation/Demobilisation 07:00 – 19:00 09:00 – 13:00 None 3 weeks
2.B: Drilling 24hrs 24hrs 24hrs 12 weeks
2.C: Testing - Mobilisation/Demobilisation 07:00 – 19:00 09:00 – 13:00 None 3 weeks
2.D: Testing - Initial and Extended Well Testing 24hrs 24hrs 24hrs 26 weeks
2.E: Sidetrack Drilling 24hrs 24hrs 24hrs 12 weeks
2.F: Maintenance Workover 24hrs 24hrs 24hrs 4 weeks
3.A: Plugging and Abandonment 24hrs 24hrs 24hrs 3 weeks
3.B: Removal of Surface Equipment 07:00 – 19:00 09:00 – 13:00 None 2 weeks

Add on the time to get the 11 Conditions passed through SCC planning and you are talking years not months.

Yeah. But which scheme is actually going to add cash to the coffers in the next 4 years?

Is that Stephenson's Rocket ?

India aims to double its crude oil imports from Russia. The increase will be provided by the discounted oil to be purchased from Rosneft.

India will double its Russian oil imports by purchasing discount oil from Russian oil company Rosneft. 
While the USA, UK and EU continue to seek alternative oil after the sanctions, India and China are increasing their oil purchases from Russia. According to a statement made by sources close to the subject to Bloomberg , studies are underway on a 6-month supply contract to be provided from the Russian oil company Rosneft at discounted prices between India and Russia. Thus, India's crude oil imports from Russia will be doubled. 
Refineries in India, Asia's second largest oil consumer, which has already increased its oil imports from Russia , are making high profits from converting cheap crude oil into fuel oil both domestically and for customers in Europe and the USA. According to data from Kpler, Russia's oil exports to India in May amounted to 740,000 barrels per day. Exports were 284,000 barrels per day in April and 34,000 barrels in May of a year.