Member Info for Ibug

Despite the rise they only managed "The Group sold 36,664 bbl from Horse Hill and Horndean during the year at an average sale price of £43/bbl." Considering the average prices of Brent during that period the figures don't add up to me.

Oct-20 40.47
Nov-20 43.23
Dec-20 49.87
Jan-21 54.55
Feb-21 61.96
Mar-21 65.19
Apr-21 64.77
May-21 68.04
Jun-21 73.07
Jul-21 74.39
Aug-21 70.02
Sep-21 74.60

I made it about $62 for financial year.

ian
How can you get excited about shovelling **** uphill?
Take out the cash alloted to Basur and Loxley and there is not a lot left in the bank imo.

"Director Share Purchase Programme

In May 2021 we announced that the Company was committed to put in place an annual MAR compliant Defined Director Share Purchase Programme in which a director commits to purchase UKOG ordinary shares each month equivalent in value to a fixed percentage of their net monthly salary. I made my first purchase in December and am continuing to make monthly purchases in line with the programme."

"New Ventures

The Company evaluated a number of potential producing oil & gas fields and near-term production opportunities in the period with the greatest number being within the United States, where the career histories of the Board give privileged access to a broad network of opportunities. A full due diligence evaluation of one international property is now in its final stages."

Out come the stetsons. Will it be rerun of Dallas?

"Given the number of new opportunities available to the Company, all of which are considered to offer far greater success case economic impact and higher probabilities of success than the proposed Isle of Wight project, the Company has decided not to appeal against the planning refusal. The envisaged £0.5 million planning appeal costs will therefore remain available and could be used for developing new oil & gas and geothermal/energy storage projects (see New Ventures below)."

Can't you tell. New storyteller writing the report.

No mention of Q1 for Basur-3s. Guess that has been delayed.

Is out.

Oil sanctions against Russia by TotalEnergies
French oil company TotalEnergies will not enter into new contracts with Russia for the purchase of crude oil and diesel. 
French energy company TotalEnergies will stop buying crude oil and diesel from Russia until the end of the year.
France-based multinational oil company TotalEnergies SE announced that it will stop purchasing crude oil and diesel from Russia until the end of the year. "Given the worsening situation in Ukraine and the availability of alternative sources for supply to Europe, it has been decided not to enter into new contracts for the purchase of Russian oil and petroleum products," TotalEnergies said in a statement.  
However, TotalEnergies will not divest its stake in Russian oil and gas companies. TotalEnergies has a 19.4 percent stake in Russian LNG producer Novatek. 

Has gone up a bit on here.

# Trades 25
Vol. Sold 28,250
Sold Value £36.73
Vol. Bought 15,189,297
Bought Value £20,579.55

But only 12m today so far.

Not the same as getting 4 single digits in your direction is it? Isn't amazing how you assume they were all positive posts and all replying to you.

InvestorInvestor
I apologise for the misspelling.
Remember 100 billion barrels of oil
Remember Broadford Bridge
Remember Markwells Wood
Remember Baxters Copse
Remember Holmwood
Remember Offshore IOW

Remember all that money down the the drain. For what? 62 bopd at the last count.

Would you like to tell us where UKOG are going to save the world?

"We must produce every single barrel of Oil and Gas in Africa – AEW 2022 Remains Focused on Securing Africa’s Energy Future
“I hear unity right now, and it’s used as a cudgel to force people to fall in line with the lies and false narrative from African Oil Week, Greenpeace, Friends of the Earth and EITI. The most important thing for Africa and its energy sector is to have these serious conversations about the real divides around their vision of our oil and gas economy – which is out of touch with everyday Africans – free from Africa Oil Week Dubai misrepresentations. The African Energy Chamber will hash out a winning strategy before COP27 at AEW,” states NJ Ayuk, Executive Chairman of the AEC, adding that Africa’s oil and gas sector must fight for what it actually wants, rather than compromising."

JackBlackburn
I bet they don't even know which formation UKOG will be targetting or where iGas are producing from or where the other wells have been drilled and what the results were.
Xodus Group Ltd appear to have conjured a rabbit out of a hat. We will have to see if a £7m project is worth it. I'm certainly not convinced but may stay along for the ride. An extra 7bn shares is an awful lot imo for a conjuring trick. Anything below 0.1p is still a good buy in price depending on news.

oz
Who said I was talking about today or you in particular. Have you worked out that you are not the only one? But having said that my remarks do sum you up as you have admitted on many occasions. c'est la vie as they say

oz
Isn't it amazing how it is always the trolls that start the personal attacks and never add anything constructive to the fundamentals of the company and it's investments?
It really must be hurting you still being stuck in a share with very little chance of getting your money back any time soon.

oz
At least I'm not 100% down on my investment here unlike some.

looks like oz has a thing about all things rectal. Nixon had one but it rejected him.

little wayne
I have a lovely life. Bundle of laughs every time you post. Like most of the LTL's on here you say a lot but it means nothing as there is never any substance to it.
Think diesel has risen about 50% since HH started producing water and that will be killing any profit but it is like the blind leading the blind on here.