Member Info for Ibug

Penguins
It is 8 Ksm3 per month being flared at HH a month. They have asked to flare 10 tonnes a day at Loxley which is about 125 times less than the amount they expect to eventually produce. It makes no sense at all to me.

Not a lot happening. Prices of drilling are still rising. Even TPAO is asking for extensions to their licences and the site remains empty.

Mirasol
And look what his shares are worth now. It was the push from DL that did it on the day he joined UKOG.

Stop talking **** then. It is very disingenuous to post something other than what it is. Guess I wouldn't' buy a 2nd hand car or anything else off of you or believe anything you say.

Stevehoops
If you are going to post at least have some accuracy to what you say otherwise you will compared to others.

" the director will purchase shares from the market on the first Friday of each month for a period of 12 months. Consequently, the first DDSPP purchase is expected to occur on Friday July 2nd, 2021 and the final purchase on Friday June 3rd, 2022."
He never bought on the " the first Friday of each month"
He never bought "on Friday July 2nd, 2021 "
His first buy was on Thu 16-Dec-21 and about every 4 weeks since so he is only 1/2 way through his commitment.

Just because UKOG say "Gove" it doesn't mean it. The MoS will make the decision in line with the letter from the Planning Inspectorate dated 05 January 2022
"This decision was made by the Minister of State for Housing, Chris Pincher MP, on behalf of
the Secretary of State, and signed on his behalf. For information, the Secretary of State for
DLUHC has decided to recuse himself from this case given the proximity to his constituency
and the risk of perception of a constituency interest."

sources
If you had read the RNS you would know but like most things with UKOG it took some time before he started.

https://www.lse.co.uk/rns/UKOG/defined-director-share-purchase-programme-cu8hucfwhftj89a.html

TH2
Do you really not understand that buying £1000 of shares every month means exactly that. You really can't make this **** up can you?

SS wasn't daft. He waited for the price to drop after the RNS came out.

Nope. Gove has recused himself from the case as he is a local MP. MoS is making the decision for him.

Just goes to show 4 out of 6 interested parties don't believe then. Great advert for Saltfleetby and Angus. Makes you wonder why Xodus can't give Loxley a CPR given the amount they have been paid for the reports even though Arreton beat it into 2nd place for mmboe Contingent Resources.

"Several major UK fossil fuel projects have been approved since Cop26 concluded, an analysis has found, while about 50 schemes are thought to be in the pipeline between now and 2025."
And that's just the ones the Guardian know about.
Given the Retention Areas Agreed (Updated October 2020) 2014 Model Clauses said "drill a Kimmeridge limestone appraisal well of Horse Hill 1 by 30 September 2020" it does make one wonder why UKOG insist on drilling HH-3 into the Portland first as they have already appraised that.

I can just see the "transformational" spike followed by a placing and howls of anger when left high and dry like many are on here already. It is a slow death after the initial cliff edge drop that makes it worse.

Best to read the whole article.

https://www.theguardian.com/environment/2022/may/19/uk-has-approved-several-fossil-fuel-projects-since-cop26-analysis-finds?ref=biztoc.com&curator=biztoc.com&utm_source=biztoc.com

"A new licensing round has been announced this autumn for offshore oil and gas, while ministers have spoken of “fast-tracking” fields amid escalating pressure within the cabinet and from backbench Conservative MPs over the government’s net zero plans."
No mention of an onshore round. When was the last one? Wasn't it when we got the IOW 8 years ago?

ian12
Who and why?
If it was about the 5 5k slots perhaps you could find them for me otherwise get some glasses that aren't rose tinted. No doubt some on here always post after the trades have already been displayed but only idiots make stupid errors in reporting them or believe them.

I don't think there has been 5 5k slots so it must be Adrian. He never was very good at telling the truth. The worm has turned.

UK opens GBP 288m fund for green heating projects. This won't go far imo. Looks like they are only thinking about heating and hot water.
https://www.thinkgeoenergy.com/uk-opens-gbp-288m-fund-for-green-heating-projects/

I do love the way all these experts have given up hope of finding oil on the sites. Makes you wonder when they will see the light of day about the amount of gas they will find. The water won't be that hot as they would have to go down nearly 5000m to get some decent heat. All they plan on doing is supplying hot water for heating. Miles of heat loss at BB as not a lot near 50°59'05.4"N 0°26'53.2"W At least 4km to the nearest communities.

But under 20m between 8.30 and 9am.

TH2
Did you miss the 2nd shot? It was called BB-1z.

Couple of £1000 buys. Is SS dipping in or is he going to wait for it to drop?