Member Info for Ibug

I see the trolly dolly is back. Perhaps she should stick to peering out behind her curtains.

The longer it takes the better it is for those waiting for the SP to fall to another all time low. Basur-3 is supposed to be the next event for UKOG so unless SS pulls a rabbit out of a hat there really is nothing happening here apart from the time it takes for the "recovered" decision. The OG and EA obviously are both having problems granting permission for the HH-2Z injector. Time to batten down for some of you imo.

diddums. We can all have an opinion. Bet you can't name one event that took place on time. Drilling and seismic in Turkey was supposed to be started in 2019.

"Drilling of B-3S is scheduled to commence upon receipt and interpretation of fast-track seismic processing results, currently expected within the first quarter of 2022."
Call me a cynic but more likely Q2 given historic UKOG PPP.

TH2
It is a good job we don't go by your memory or we would all be broke.
Unfortunately cost of sales have risen since they came out with that figure.
Last opex update I could find was $13/bbl at current production rates (Jun 2020).
Disposal costs and transport costs will have risen since then.

215 for the barrel and 195 for the vacuum. That was from @N66BKP over the last few months if you want to check his tweets.

Revenue for January will be under $220k based on average POO for the month imo.

https://twitter.com/UKOGlistedonAIM/status/1487080733734850567

https://twitter.com/UKOGlistedonAIM/status/1487084486705750024

UKOG getting involved in politics.

MRP
October figures should be higher than August as well was shut in for about 2 weeks in September and will have had time to recover some pressure imo.

Pboo
I would stick to staring out behind net curtains. Not sure I have come across a worse troll than you. Continually posting on a bb where you hold no shares just to start an argument. Must be something to do with your complete lack of investing skills and the need to take it out on others. Does it really hurt you that much?

Would you say the expectation of your leader of 108 bopd for December/January has been exaggerated or not? This is obviously based on the number of tankers he has seen. October results should give us a clue as to what is really going on at HH.

Not if the flow rate rate drops it doesn't. Since when has HH produced the same amount of oil month after month since the last workover? It has dropped from 105 bopd to 82 bopd.

ocelot
Actually it doesn't. Between March 21 when the bopd was 105 and POO averaging $65 and August 21 when the bopd was 82 and POO averaging $70 UKOG were worse off financially. Have you worked out what POO is required to reverse this trend?

Mar 21 105 65.19 6845
Apr 21 101 64.77
May 21 100 68.04
Jun 21 95 73.07
Jul 21 92 74.39
Aug 21 82 70.02 5742

Adrian

Old news and superseded by 2 later RNS's. Keep up. Still under 100 bopd no matter how you polish it. How many tankers was it this week?

Perhaps you should have read the Interim Report last year which is after your RNS. Particularly the bit that said "continuous and optimised oil production from the Portland". No mention of stop/start.

"A well intervention on the Horse Hill-1 well ("HH-1") was safely completed, optimising oil
flow by isolating the Kimmeridge perforations, reperforating the full Portland oil
producing section, inserting a new simplified production tubing string and setting the
downhole pump at a deeper level to increase pumping efficiency. These improvements
set HH-1 up for long term continuous and optimised oil production from the Portland."

The RNS on the 20 September 2021 said "Following the shutdown period necessary to undertake the works, oil production has now been re-established." No mention of any stop/start.

Perhaps if you kept up to date with what was going on and realise the tanker routine is based on continuous pumping. No big gaps between loads.

The good thing is I don't really care if this thread gets taken down.

That was quick Adrian, even for you. You wouldn't know what a brain was. Perhaps you should as a friend. I'm sure one of them may be able to answer or will it be all at once?

yes

waiting

He has made such a mess of this company it is easy to make money in the short term if you know when to sell and buy.