Member Info for Ibug

mirasol
When you are producing 5 times the amount of water than oil it is a no brainer.

Some will believe anything they read. Just dig into the NSTA website and it is easy to spot what has already gone.

The more they produce from the N.Sea the better imo. Is the NSTA the writing on the wall for onshore production?

Houthis target Saudi Arabia's energy infrastructure
Yemeni Houthis struck energy and water distillation facilities with missiles and UAVs in the city of Jizan, Saudi Arabia. In the attack on the city of Jeddah, a fire broke out in an oil tank.
Yemeni Houthis attacked the water treatment plant of the oil company Aramco and the Zahran Power Plant in the city of Jizan, Saudi Arabia.
According to the information provided by the Ministry of Energy of Saudi Arabia, the oil products distribution terminal and a natural gas facility in the south of the city of Jizan were hit in the drone attack. The Houthis also targeted the Yasref refinery in Yanbu port. Production at the Yasref refinery was temporarily reduced.  
In the attack on the city of Jeddah, a fire broke out in an oil tank. The fire was contained before it spread to other tanks.  
“TARGETED IN RIYADH”
Making a statement regarding the attacks, the military spokesman of the Houthis, Yahya Sarea, stated that they launched ballistic and winged missiles as well as UAVs. He stated that Riyadh was also targeted in the attacks.  
WILL NOT AFFECT OIL SUPPLY
Aramco CEO Amin Nasser emphasized that the attacks will not affect the supply of oil and petroleum products to their customers. 
SAUDI ARABIA REQUESTS US SUPPORT
Emphasizing that the attacks of the Houthis against the energy infrastructure of the country may cause disruption in the global oil supply, Saudi Arabia asked the USA for support in preventing the attacks.

Stonefold
I took the latest figures published. It was from DUKES_2021_Annexes_E_to_J_2. The only mention in the report for Covid was for gas flaring.

Not when it's out of over 16bn it's not. Chicken feed imo.

Really?

"In 2020 the UK's total production of oil from the North Sea exceeded refinery demand for the first time since 2004. Total demand for primary oils was down 18 per cent on 2019 with refinery production following suit, dropping to its lowest ever level. In contrast production of crude from the UK Continental Shelf (UKCS) retained its 42 per cent share of total UK energy production. Much of this was exported abroad."
"In 2020, exports of crude oil dropped by 0.9 per cent on the previous year while exports to EU countries were up by 14 per cent and accounted for 75 per cent of the UK’s total exports of crude oil.
The UK’s two largest markets in the EU are the Netherlands (up 27 per cent), followed by Germany (up 18 per cent); the bulk of the exports to Germany are for refining and consumption, whilst exports to the Netherlands include oil destined for onward trade to other countries."

Perhaps it would be a good idea to check how much of home grown oil we actually keep.

helps if I put the new address on show

https://www.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa

Wave hub off Cornwall
Erebus Floating Wind Demo off Wales
and more

https://www.arcgis.com/apps/webappviewer/index.html?id=cb3474a78df24139b1651908ff8c8975

The band of red across the middle of the UK is gas. Not so much in the south though and one of the 2 is for storage.

NSTA having teething problems with website by the looks of it as they change all their website addresses.

mirasol
I don't need to do anything. There are so many for those costs. Take your pick. They range from 5/6/7m TL upwards. 5 wells for 13m TL. It is all there.

https://www.enerjigunlugu.net/

"Thereafter, the Company will fund its 50% interest share expected to be c. $1.5 million per well."

Wells in Turkey from scratch are costing 5m TL or over. This is about $337,128.

Who is getting ripped off?

UKOG will need 40 bopd net or 80 bopd gross from Basur-3s for 1 year to get payback. No matter what, UKOG will still need to raise cash to drill the remaining wells.

Hardly Turkish Delight imo.

Which one defines Basur-3s best?
roll of the dice
hail mary
kick of the bucket
last tango in paris
final fling
dead duck
eggs in one basket

The time lag between buying/selling and showing on here is a lot longer than the "Share Price is delayed by 15 minutes" imo.

"The Placing's issue price of 0.18 pence per share ("Placing Price"), represents approximately a 22% discount to the closing price of the Company's ordinary shares on 01 July 2021, the business day prior to the placing's close."

SP has fallen to 0.1p and below on a number of occasions since. It will be all about timing now.

With revenues falling since March last year the money pit won't last as long as many think imo.

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

We will know more in the next 10 days but Geothermal, Solar, Loxley, Finch, Turkey, Arreton and HH have probably thrown up some unexpected expenses.

When you are talking about tenths of pennies a very strong fart could raise the SP imo.

LTL, long term losers blame the greenies, the NIMBIES, the Naysayers, XR and every other conceivable group, now including the Russians for their losses. They obviously could never invisage that perhaps they are themselves to blame.

Oz
Perhaps you should have read Managing Your Money All–in–One For Dummies instead of investing here.

Apologies.

Just to remind those on here what they found when they did find oil.

http://mapeg.gov.tr/petrol/dergiler/1965.pdf All you need to do is translate it where it says Basur a few pages down

"Ayrica, Basur-1 kuyusunda yapilan testlerde 44 ton, 35 API ham petrol elde edilmisse de, daha sonra tuzlu su geldiginden testlere son verilmistir ."

Stockraiser
Well someone has to post the truth. Exploration didn't have a clue where Basur was. Any further west and he would have been in Ankara. No doubt you don't either. The nearest producing field to Basur is miles away and average production is about 35 bopd from each well.

Exploration
No snow at Basur 3. Nothing has settled for over a month. It may be freezing there but satellite coverage every 5 days tells the full story. No snow forecast.
I was talking about the drilling rig. You are about 2 months behind and 800km to the west of what is expected.
Do try better.
https://www.worldweatheronline.com/siirt-weather/siirt/tr.aspx