Member Info for Ibug

the use of irony to mock or convey contempt.

That would probably explain the very high demand to get them today which is the last day for 2021 ISA.

# Trades 66
Vol. Sold 18,661,248
Sold Value £21,794.13
Vol. Bought 23,755,439
Bought Value £28,278.07

Isn't it about a 70%gas/30%oil split for gas and oil production in the UKCS in the N.Sea?

https://www.youtube.com/watch?v=V7NlFWh7Sz8 while the fat cats make a fortune. Still only paying about 55p a litre for petrol here but we don't use Brent prices.

Which bit of "hope"?

Turkey
FDP approval
EA permit approval
Date of AGM
Arreton last rites
Loxley

And then we have geothermal and solar and promises anew. "As well as standalone geothermal projects, we are currently investigating the viability of hybrid energy sites centred around subsurface gas and/or hydrogen storage. These projects are envisaged to test the Company's hydrogen battery concept to provide peak-shaver power generation and green hydrogen generation from geothermal and other renewable sources. Two new prime coastal sites have been identified and are under active investigation."

Take your pick.

Notice how the term "These assets also have the potential to become self-funding relatively quickly." pops up. Remember Turkey? We're still waiting.

What happened to "the future's bright the future's orange"?

No doubt SS will be closely looking at this for his next vision of the future.

"Should Government policies on onshore energy generation or exploration be revised in light of the energy security situation? Given the current and potential speed of deployment, what low-carbon energy sources are most likely to secure supplies of affordable and sustainable energy rapidly?"

A group of MPs has launched an inquiry into how the UK can phase out fossil fuel use more quickly.

The investigation by the Environmental Audit Committee (EAC) comes as oil and gas prices surge and the government prepares to publish its energy security strategy.

The committee said the inquiry would also look into securing energy supplies.

In a call for evidence, the committee said it wanted to examine the transitional role of oil and gas exploration and development on the UK continental shelf.

It would also look at how the UK can phase out fossil fuel use and subsidies, following commitments at the COP26 climate talks to limit temperature rise to 1.5C.

Full story here:

https://drillordrop.com/2022/03/31/mps-investigate-how-uk-can-cut-reliance-on-oil-and-gas/

So much for those who were saying "they think it's all over it is now". Does that mean SS is going to put yet another hold on doing anything at HH? Will he use it as an excuse to save money? Answers on a stamp please.

So when our illustrious team publish;

"Our technical team is driving the “proof of concept” for the new and potentially significant Weald Kimmeridge limestone naturally-fractured oil play, demonstrated by the successful Horse Hill-1 exploration well."

"Today’s information event has been designed to give you the facts about ourselves and counter-act the fiction being circulated by well-known and ill-informed scaremongers. In order to immediately address the most significant misconception it should be made clear: UKOG is NOT a FRACKING company. We do not have the desire to frack and we will not seek permission to frack."
"We are not fracking. We do not want to and do not need to because the rock formations we are targeting are naturally fractured by Mother Nature and can flow oil & gas sufficiently well on their own."

Why do some on here think it will be good for UKOG when they are obviously against it? Could it be they are giving false hope? I doubt if it will ever happen.

That's because I missed a 1. Should have been 0.119.

Only offered 0.19 for mine.

No sign of life on the pad from the image taken yesterday.

Should read £29 Operating costs (£/bbl). Sounds even worse in $ at 38.

Was 140 bopd. This was the first set of accounts from a full year of "production". Actual daily production was just under 87 bopd. They couldn't even meet the 29$ Operating costs (£/bbl). No wonder they didn't get a bonus. No wonder the LTL's are getting upset. No doubt the greenies/NIMBIES/naysayers will get the blame. Anyone but the disciples of God will get the blame.

I expect bopd for January to be higher. Balancing oil/water against POO/disposal costs are giving higher revenues than "Other Cost of Sales".

Annual UK onshore oil production has fallen again, continuing a downward trend in 2021 that began in the 1990s.

https://drillordrop.com/2022/03/29/uk-onshore-oil-production-falls-for-seventh-year-in-2021/

That's interesting. I couldn't find the thread called Bull****e.

Including "UKOG's planning application to the Isle of Wight Council for the appraisal drilling and flow testing of the Arreton oil discovery was refused post period. Having taken time to consider, the Company has decided not to appeal this decision." in the Annual Report was a clever way of avoiding the cost of an RNS.
Any cash left in the kitty has already been earmarked for Basur, Loxley and general working capital according to the RNS's.

I'm surprised no one has ever mentioned that one of SS goals is for UKOG to have more shares than BP.

I do love sarcasm!

Phil C
March 26, 2022 at 7:50 am
Congratulations to everyone in the Isle of Wight who successfully opposed and objected to UKOG#s clearly inept and unscientific attempt to force through their planned invasion of the Isle of Wight and to exploit what little oil and gas exists there. What little oil and gas the UKOG# plans would not benefit anyone on the island or elsewhere in Britain. What little would have been extracted would have been sold off for great profit on the world market only. Not produced to ease energy poverty of anyone anywhere.

Also, congratulations to Don’t Drill the Wight for their determined composure and logical substantiated consistency to protect the Isle of Wight from enforced industrialisation of their homes and villages and towns.

Well done, everyone who objected to UKOG#s attempts, regardless of location. The unsuccessful attempt by UKOG# is now a precedent in factual, scientific and legal terms to be of use for any future attempts.