Member Info for Ibug

Wytch Farm produced more than 84% of UK onshore oil in 2020, exceeding 730,000m3. But 2020 saw the sixth consecutive annual fall in production at the field and the lowest yearly volume since 2011.
An impairment reversal – where an asset can be declared valuable when it was previously declared a liability – was recognised for Wytch Farm. The figure of £24.5m represented a full reversal of all previous impairments, the company said.

full story here;

HTTps://drillordrop.com/2021/08/26/wytch-farm-operator-loses-101m/

I don't think one picture of a flare and one of a vacuum trailer parked up are worth much debate. The site will have been stripped of all that is not needed. IT IS now a production site. They can reduce the number and sizes of tanks without approval. PW test gear will have been removed. There won't be a lot left and will look empty.

That was announced back in June. Nothing new.

Part 2

The Resan exploration licence where AME is the operator and has a 50% working interest, has
undergone the location selection process for the first well on this licence. At the start of 2020, a
data room was opened in London to invite interest in forming a joint venture on this licence, the
Resan exploration licence where AME, as operator, had a 100% working interest. UKOG agreed
terms to enter the licence on a 50/50 basis. As a consideration for entering the licence UKOG will
cover the costs of the first well and any additional seismic up to a value of $5,000,000. The joint
venture was formally gazetted in Turkey 12 January 2021. Following the reprocessing of existing
seismic data, a well location on the Basur area of the licence was agreed between the parties with the aim of spudding the JV’s first well before Q3. A seismic program to fill-in the data gaps on the licence is also expected to be completed in 2021.
The Petek (Pt) lease where AME has a non-operated 50% working interest, is drill ready. Petek-4
was expected to be spudded mid-2021, however access to the preferred location has not been
granted. Therefore, another target in the area between Pt-2 & Pt-3 has been proposed for the next well on this lease and is now expected to spud late 2021.
AME’s share of production is now around 900 bop/d from all leases.

Here is a short extract. Part 1

Chairman and CEO’s statement
Early in 2020 AME switched emphasis to its Altinakar Lease with a series of wells, Altinakar -2
(AA-2), AA-3 and AA-4. The first 2 of these were drilled and completed using AME’s own drilling
crew and rig. Both were put on production in 2020 with an initial artesian flow rate of around
700 bbls/d. Altinakar-4, drilled by the operator of the lease, was put on production in February
2021 at the lower initial rate of 10 bbls/d. This lower rate identifies the Eastern boundary of the
reservoir and points to future appraisal wells in a westerly direction. Targets have already been
proposed on this trend and are being discussed by the Joint Venture partners. After a hiatus from drilling on its operated East Sadak (ES) lease, AME spudded ES-13 on a location identified as prospective from the seismic data shot in the previous year. Despite this ES-13 did not encounter the expected productive layer found in other parts of the structure. This setback has caused a reevaluation of the seismic data which is being reprocessed with inputs from ES-13 and it is hoped this recalibration will eliminate some of the unknowns. In the meantime, it was thought that there was enough evidence to support a side-track of ES-13 in a south westerly direction. This operation commenced 12 April 2021 and ES-13st was put on production 24 May with an initial production rate of 400 barrels of oil per day. Due to the success of the side-track on ES-13, it will be followed by a similar side-track on ES-12 and a new appraisal well ES-14. Throughout 2020 considerable technical analysis was performed on the Resan exploration license to prepare for the spudding of AME’s first well on this license. To accelerate this process, AME entered into a 50/50 joint venture with UK Oil and Gas Limited (UKOG) - a UK based E&P company - where they would carry AME for the first operations on this license. The technical analysis to date suggests structures similar to our East Sadak lease. In February 2020 AME was awarded a gas prone exploration license -Bartin- toward the Black Sea region northwest of Ankara. As well as being highly prospective, it also provides AME with both regional and product counterbalance to its southeast oil prone leases & licenses. Existing data covering the license has been reviewed and 2021/22 should see our first operations on it.
A similar operation will now be attempted on the previously suspended ES-12, followed by appraisal well ES-14, which is expected to spud in July or August 2021. On ES-8, which had been shut it due to poor performance, an acid operation was started in March 2021. This intervention was successful and the well started producing around 45 bbls/d from April.

Water is better.

Aprils

101 bopd imo

Field Production Data, PPRS (WGS84): Horse Hil
Field region LAND
Reporting unit name HORSE HIL
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group UK OIL & GAS PLC
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 202104
Reporting Period Month 04
Reporting Period Month Name April
Reporting Period Year 2021
Oil Production Mass (tonnes) 407.80
Oil Production Volume (m3) 482.00
Oil Production volume (mb/d) 0.10
Oil production density (Kg/m3) 846.00
Dry gas production mass (tonnes) 0.00
Dry gas production volume (ksm3) 0.00
Dry Gas Production volume (MMscf/d) 0.00
Dry Gas Production Density (kg/sm3) 0.00
Associated gas production mass (tonnes) 9.15
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 9.00
Associated Gas Production density (kg/sm3) 1.07
Gas Condensate mass (kg) 0.00
Gas condensate volume (ksm3) 0.00
Gas condensate volume (mb/d) 0.00
Gas condensate density (kg/sm3) 0.00
Gas Flared - Volume (Ksm3)
Gas Flared - Density (Kg/sm3)
Gas Flared - Non Hydrocarbon (%)
Gas Vented - Volume (Ksm3)
Gas Vented - Density (Kg/sm3)
Gas Vented - Non Hydrocarbon (%)
Injected water mass (tonnes)
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes)
Water production volume (ksm3) 223.00
Water production volume (mb/d) 0.05
Reinjected produced water volume (m3) 0.00

Field Production Data, PPRS (WGS84): HORSE HILL
Field region LAND
Reporting unit name HORSE HILL
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group UK OIL & GAS PLC
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 202105
Reporting Period Month 05
Reporting Period Month Name May
Reporting Period Year 2021
Oil Production Mass (tonnes) 417.90
Oil Production Volume (m3) 494.00
Oil Production volume (mb/d) 0.10
Oil production density (Kg/m3) 846.00
Dry gas production mass (tonnes) 0.00
Dry gas production volume (ksm3) 0.00
Dry Gas Production volume (MMscf/d) 0.00
Dry Gas Production Density (kg/sm3) 0.00
Associated gas production mass (tonnes) 9.39
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 9.00
Associated Gas Production density (kg/sm3) 1.07
Gas Condensate mass (kg) 0.00
Gas condensate volume (ksm3) 0.00
Gas condensate volume (mb/d) 0.00
Gas condensate density (kg/sm3) 0.00
Gas Flared - Volume (Ksm3) 9.00
Gas Flared - Density (Kg/sm3) 1.07
Gas Flared - Non Hydrocarbon (%) 4.50
Gas Vented - Volume (Ksm3) 0.00
Gas Vented - Density (Kg/sm3) 0.00
Gas Vented - Non Hydrocarbon (%) 0.00
Injected water mass (tonnes)
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes)
Water production volume (ksm3) 197.00
Water production volume (mb/d) 0.04
Reinjected produced water volume (m3) 0.00

100 bopd imo

I must have missed all the bad Zac Mir posts being advertised on here.
It is called "Bulletin Board Heroes" after all. The clue is in the name.
Does he do a Bulletin Board Duffers?

wizard
Why post such rubbish when it is so easy to check that Directors have to post ANY share dealings in the company within 1 day. You have been here long enough to read the constant postings on the subject especially when the RNS (which you obviously failed to read) said quite clearly "The market will be notified of the share purchases under the DDSPP on the next trading day via a PDMR: Director's dealing notification."

I never trust these LTH that always forget to read RNS's, listen to or watch interviews and always use terms such as imo, it is my understanding , I think and other such vague comments as they are clearly set to deceive others imo. All the information is out there if you care to look rather than seek to line your own pockets at the expense of others.

We officially started producing in March 2020. Average price in $ since then;

Mar 2020 32.98 -40.04 %
Apr 2020 23.34 -29.23 %
May 2020 31.02 32.90 %
Jun 2020 39.93 28.72 %
Jul 2020 42.81 7.21 %
Aug 2020 44.26 3.39 %
Sep 2020 41.09 -7.16 %
Oct 2020 40.47 -1.51 %
Nov 2020 43.23 6.82 %
Dec 2020 49.87 15.36 %
Jan 2021 54.55 9.38 %
Feb 2021 61.96 13.58 %
Mar 2021 65.19 5.21 %
Apr 2021 64.77 -0.64 %
May 2021 68.04 5.05 %
Jun 2021 73.07 7.39 %
Jul 2021 74.39 1.81 %

Will drop to about $70 for August 2021 imo.

roganjt
85%. No guarantee injector will work as fracture between HH-1 and injection site. Only gain will be in cost of sales and minor increase in flow rate imo.
Not sure why you fail to mention those points. It is not all sun and no rain. You just need to look at the last interim to see how badly the cost of sales are hit.
It will be 3 months before you get August flow rates but from what I have seen/heard it is still about 100 bopd.
I think this is the 4th time Brent has gone over/below $70 in the last few months.

Basur-101 37.925004, 41.791370

Old Resan sites partially visible

Other wells at East Sadak are quite clear. Sadak well sites and some recent local TPAO sites easily spotted if you look.

37.926717, 41.804565 on google maps/earth

Mirasol
You really don't do any research do you. The Karahan Tower is the rig they were using at Basur. Some were/are still saying the rig is on site at Basur.

Turkey's energy is our energy!
We are pleased to be the solution partner of the Turkish Petroleum - Seslikaya-1 project with our Karahan Tower.

https://www.facebook.com/oceanmecenergy/photos/2779952605629134

What was actually said.
"ivans
Posts: 3,140
Price: 28.25
No Opinion
UJO to UKOGFri 15:24
I can see some in twitter switching from UJO to UKOG.
both cheap at the moment though high risk due to next news due."

IVIV
The problem is you are never right and post the same things on every share you are invested in. Any doctors in the house to diagnose this condition?

MASSIVE GOOD NEWS NEXT WEEK ?28 Aug 2021 10:30
... VERY possible, SCC and Turkish News, very soon..... Stand by for HUGE SP lift-off.. imo UK needs Oil and Gas... UKOG has imo a Fantastic Future.... STRONG BUY...

More Green Filtered Lines Of Misery ...27 Aug 2021 10:23
SCC decision soon, looking VERY POSITIVE... Turkish News [imo] will be HUGE... UK NEEDS Oil and Gas... UKOG for the UK... STRONG BUY, MASSIVE SP Re-Rate on the cards here.. VERY Strong Buy ... imo

RE: Loxely decision soon...25 Aug 2021 09:27
YES soon.. imo... The SCC,in all fairness to them, will not want to delay this decision for long... and its time now, to give a possessive verdict... UK needs Oil and Gas... UKOG... GREAT Future for a GREAT BRITAIN.... STRONG BUY.... HUGE SP Re-Rate incoming.. imo

UK NEEDS OIL AND GAS..... UK NEEDS UKOG...23 Aug 2021 09:54
UKOG... SCC good news soon, Turkish update RNS, will be great news, imo.... no amount of woke de-rampers will stop, ''actual facts''... lm starting to feel sorry for the brainwashed, it's SO sad for them.... UKOG GREAT FUTURE, STRONG SP Re-Rate soon imo .. Good Luck to all genuine shareholders...

SCC, Turkish Delight... ALL GOOD NEWS on its way for UKOG... STRONG BUY... GREAT FUTURE for UKOG..... Stay Strong, Bin the Pathetic Woker Trolls...

Troll desperation everywhere...08 Aug 2021 11:22
They know its all over... SCC will [imo] give this the green light now.... if not lm sure UKOG will go higher to get the green light... UK needs Oil and Gas.... UKOG GREAT Future, STRONG S P, UKOG STRONG Buy....

Woke Trools in meltdown....04 Aug 2021 12:26
lol...lol.... UK needs Oil and Gas.... UKOG has a STRONG Future with as very STRONG SP... imo

VERY Good News...01 Aug 2021 10:51
SCC decision looking very good, if not lm sure we will appeal and go higher up, to get a decision... imo... Turkey MASSIVE RNS very soon now... feeling very confident... UK needs Oil and Gas.. UKOG... Fantastic future... imo

wizard
The only problem will be the timings of the annuals and interims to find out what those profits are. It will be pure speculation and the constant ping pong until then.

The interpretation of static and flowing data from November's PBU test sequence was also completed, confirming the HH-1 connected oil in place volumes of 7-11 mmbbl previously reported in October 2018.