Member Info for Ibug

I should have said 9 planning conditions out of 33 that need to be satisfied before they could proceed further. There are other conditions requiring schemes to be approved prior to the commencement of certain operations.

HH-1 applied for planning permission in 2010 with 7 conditions applied for in 2013. They started building the pad in 2014.
There were a further 9 planning conditions applied for in 2017 before they spudded HH-2 in 2019.

Loxley has 9 planning conditions in total. They need to get these approved by SCC before they can proceed further.
I'm guessing sometime next year before they start getting the pad ready and drilling given the time it took UKOG to get things done under SS for HH.

Don't get your hopes up
They have just recovered one today.

Recovered planning appeals
Recovered appeal: land adjacent to Dinnington Road, Woodsetts, Rotherham (ref: 3220577 - 7 June 2022)
7 June 2022 Correspondence

For total staff of over 800.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1034294/Planning_Inspectorate_Statistical_Release_Diversity_November_2021.docx

https://www.gov.uk/government/collections/planning-applications-called-in-decisions-and-recovered-appeals#recovered-planning-appeals

Only 2 recovered this year as far as I could find. The rest were called in and nothing to do with us.

You do realise the main work will probably be done by a G7 before they pass it to a SCS who will top and tail it before passing it to the Minister. Perhaps some will now work out that "The decision is expected by 7 June 2022" means exactly that.

https://www.lse.co.uk/ShareChart.asp?sharechart=UKOG&share=Uk-Oil-and-Gas&chart=historical

You need a magnifying glass to see the number of shares traded on some days. You'll probably find the mean is somewhere between 100m and 200m since SS started throwing confetti placings at us.

We are in good company. Obviously my choice of site the other day was a mistake. Should have used this one for results. We are in good company though. Reminds me of my first AIM purchase back in 2013 when I took a punt of £10k and got just under 17m shares for it. 2 year later it all came good.

Bottom 20 AIM shares by SP

Vela Tech. (VELA) 0.031
Inspirit Energy (INSP) 0.035
Baron Oil (BOIL) 0.068
Mosman Oil Gas (MSMN) 0.075
Microsaic (MSYS) 0.085
Mediazest (MDZ) 0.09
Keras Res (KRS) 0.095
Challenger En (CEG) 0.11
Clontarf (CLON) 0.115
Malvern Int Plc (MLVN) 0.115
Sunrise Res (SRES) 0.115
Deepmatter (DMTR) 0.13
Great Western (GWMO) 0.133
Advance Energy (ADV) 0.14
Bezant Res (BZT) 0.14
Uk Oil & Gas (UKOG) 0.143
Active Energy (AEG) 0.155
Kibo Energy (KIBO) 0.165
Alba Mineral Resources (ALBA) 0.19
Oilex (OEX) 0.19

https://www.iwradio.co.uk/news/isle-of-wight-news/smoke-from-fawley-fire-seen-from-isle-of-wight/

I would have thought the low volumes prior to jubilee weekend set the trend. Under 100m today so far. Is the UK starting to feel the pinch? Isn't the next energy spike soon? You would have thought UKOG would have been going flat out to get that oil out of the ground. But they aren't are they.

wizard
You don't like facts do you. Why would I subject anyone to my opinion. I keep that to myself as I do a lot of information that I don't divulge on here.
You are beginning to sound more and more like Adrian imo.

PS Interim period is from beginning of October till end of March but we should know the March statistics before then.

wizard
So how come I got an invite? How come nearly everything you say we have to question? I think we are all aware of your agenda and it is not for the benefit for those who are looking to invest here here here. At least the majority of my posts are genuine information so PI's can make their own conclusions.

Things must be getting bad if they are tweeting old stuff.

UKOG
@UKOGlistedonAIM
PORTLAND ENERGY LATEST: CEO Steve Sanderson discusses UKOG’s plans for hydrogen-ready energy
storage project in Dorset.
youtube.com
Catherine McQueen talks to Stephen Sanderson, CEO of UK Oil and Gas
------Core Finance is part of Core London, a TV production company based in London. Core Finance aims to provide its viewers with insightful market commentar...
10:57 AM · Jun 6, 2022·Twitter Web App

I forgot this bit

https://tinyurl.com/4a8hbd2h

UKOG
@UKOGlistedonAIM
·
5m
PORTLAND ENERGY HUB: UKOG signs Agreement to Lease land at former Navy port in Dorset for development of integrated Energy Hub, centred around hydrogen-ready energy storage in underground salt caverns https://tinyurl.com/2p8ev3rh
UKOG
@UKOGlistedonAIM
·
7m
PORTLAND H2 PROJECT: National Grid’s 2021 Future Energy Scenarios predict need for 14-50 TWh of H2 storage by 2050, a 3-15x increase over 2022 UK storage capacity. Portland could add material 4TWh

wizard
Really
All I can see is a drop off in receipts since March 21 no matter what. Oil has nearly trebled in price. Water cut is pretty constant. Those are facts and not the negativity that you bring to this board.

month bopd Receipts Av POO in $

Mar 20 181 $185051 32.98
Apr 20 243 $170149 23.34
May 20 183 $175976 31.02
Jun 20 158 $189268 39.93
Jul 20 122 $161907 42.81
Aug 20 128 $175624 44.26
Sep 20 93 $114641 41.09

Oct 20 47 $58965 40.47
Nov 20 101 $130987 43.23
Dec 20 82 $126769 49.87
Jan 21 102 $172487 54.55
Feb 21 99 $177887 61.96
Mar 21 105 $212195 65.19
Apr 21 101 $196253 64.77
May 21 100 $210924 68.04
Jun 21 95 $208249 73.07
Jul 21 92 $212160 74.39
Aug 21 82 $178002 70.02
Sep 21 45 $100710 74.60

Oct 21 63 $163368 83.65
Nov 21 60 $145386 80.77
Dec 21 62 $142824 74.31

Jan 22 60 $159,086 85.53
Feb 22 59 $157,811 95.76

wizard
The last annual period covered the POO from $40 up to $75 and the flow rate dropped 20 bopd during that period.

Since they started to "balance water production to minimize costs." the price of oil has gone from $43 to over $120 and some are still using it as an excuse for NOT increasing the production from HH-1. Wake up and work out what the real reason is.
The last extant planning application clearly indicates they are not expecting any miracles from HH. If you can't work out 1 tanker every 3 days means perhaps you have invested in the wrong share.

I don't know about "Has UKOG been oversold?". It's more like "Are UKOG eyes bigger than it's belly".
Basur should have been in production last year.
They have had approval for HH-2Z for 7 weeks now and had 2 years to plan what they were going to do.
Portland is 4 years down the road.
Loxley needs to be approved then build the road and pad and raise the funds to drill.
"further international petroleum and UK renewable opportunities" How much is that doggy in the window, the one with the waggly tail?

been talking to himself all day?