Member Info for Ibug

Is about 70 bopd for December. Must be one due today.

and they all still love Adrian!

Freeasabird
@davethedrill1
#ukog Anyone else watching poster Wizard123 on LSE selling snake oil?

Crook.

"It would be even better to see a unexpected major share purchase as described also." Now this is what I call making it up as you go along. It's not even a decent attempt at a ramp. If you keep making similar posts expect a response.

Many posters make things up to suit their narrative. Now what would you call that? We all know which posters are drowning in this share. I would blame the rampers for sucking you in rather than make out that all is well here. The more I dive into past Turkey drilling the more I think there is only one more throw of the dice here.

I'm still missing the "major" bit. Some of us can read without adding additional narrative which goes over and above what has been said by the company. Now what would you call that? Expected is not will.
"The director will be able to enter a new DDSPP upon completion of an existing programme." Are you trying to intimate that SS will take part in the old and any new DDSPP scheme in June 2022.

wizard
Don't hold your breath. "with the final purchase expected to occur on 18th November 2022." Time will tell. I must have missed the "unexpected major share purchase as described also." Did someone make that up?

It was 0.185p when they introduced the scheme. He would have more credibility if he had lost out the same as many shareholders especially those who took up the open offer.

ocelot
Hardly surprising considering they have raised over £5m for a low cost project and are dipping into the produced oil receipts.

Net. Not gross.
"UKOG's net expenditure for the one well plus seismic programme is capped at USD$5 million maximum expenditure. "

Will we get news on any of these this year?15 Dec 2021 12:11 The list is getting smaller.

Result of Loxley appeal
OGA approval for HH
EA approval for HH
Approval for Arreton
Results of Basur seismic
Solar panels
Result of Finch appeal
Geothermal partially complete story

The exception being
DDSPP 3rd January 2022 only 1 Director so far

Is he the only Director buying?

16-Dec-21 16:15:25 0.1015 985,221 Sell* 0.10 0.105 1,000.00

It would cost each homeowner over £500k to pay off the cost of the 6 wells imo. Now that is some amenity bill. Is it worth it?

Looks like they have their own system.

http://biomassmagazine.com/articles/13681/gatwick-airport-to-heat-terminal-with-waste-derived-fuel

"The project's first phase would aim to supply significant industrial end-users in the locality with 100% green heating and cooling plus ancillary green electricity and/or hydrogen."

What else is close? Salfords Industrial Estate? 200,000 MW is about 200 homes for a year. Isn't Loxley gas supposed to be able to support 200,000 homes a year and probably a lot cheaper for us PI's to pay for.

What could they have been doing in the last 8 months? We have been waiting for news for ages. Did you also notice that there was no news on the " two new standalone geothermal projects in the UK". HH was also supposed to be a "hybrid geothermal, solar and battery storage project ".

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/313576/Consultation_on_Underground_Drilling_Access__final_web_version.pdf

Was he at HH yesterday? Pictures of oil tankers have dried up.

Doh Don't the tree huggers support green energy?

https://www.thinkgeoenergy.com/eden-geothermal-pushing-ahead-on-its-geothermal-project-in-cornwall-uk/

Funding for the first well has come from the European Regional Development Fund, Cornwall Council and institutional funding. The estimated cost was GBP 16.8 million but is now expected to be GBP 17.3 million (around USD 23 million) due to cost increases due to the current pandemic.

Will we get news on any of these this year?15 Dec 2021 12:11 The list is getting smaller.

Result of Loxley appeal
OGA approval for HH
EA approval for HH
Approval for Arreton
Results of Basur seismic
Solar panels
Result of Finch appeal

The exception being
DDSPP 3rd January 2022

Let's hope the £20m cost per well has dropped by the time they get round to drilling.

Penguins
There are old pads littered all over the place to the west of Basur. It is not difficult to spot them using google maps aerial view.