Member Info for Ibug

SS said late summer in a RNS. My sources agree. Summer ends on the 22nd September and only 2 meetings until then unless it all goes to rats because of Covid..

21 Sep 2021 4.00 pm
24 Aug 2021 4.00 pm

Link to updated planning statement

HTTPS://publicaccess.iow.gov.uk/online-applications-skin/images/ico_view.gif

DoD article

Not totally unbiased but always worth a read imo. No blatant porkies unlike some of the things you read on here.

HTTPS://drillordrop.com/2021/08/09/two-sides-disagree-on-benefits-of-arreton-oil-drilling-plans/

At least oil is still flowing from HH. Apart from that I reckon sweet FA is going to happen for some time as far as I can make out. It will probably be another tanker on Friday.

Yet another one who is useless at math. His average was under 0.17p 2 weeks ago. Tops up and his average goes up!!! How do they make it up?

Good call Scottyk. If the appeal is overturned SCC have won and UKOG have lost. The bright sparks are out in force today. If only they would think before posting. That is the good thing about lse. No hiding. Now where is TH2?

ozzy
Given that both the FDP Addendum and EA applications are a backward step by UKOG at HH I can't really see what they can object to. Smaller facilities, no gas to wire, reduced production and less HGV movements and you really are looking at a slightly smaller version of Brokham or Lidesy but on the same footprint.

Going with the xmas theme of Turkey surely the next site will be Iceland or will it be Greenland given his is going for green credentials? Have Magellan ever had interests in either of those countries?

Was it that long ago that Oilman Jim and Share Talk couldn't say a bad word about UKOG? How times change. Just goes to show how low some will go to get more subscribers.

Mirasol
It is a good job the earth is round.

Good luck with that. SCC have nothing to do with the decision. The Inspector decides or is it the Inspecter? 0.14p really is a strong SP if you are a child playing with your pocket money.

Part 2

2ND ROUND LICENCE APPLICATION PULBOROUGH WEST SUSSEX MARINEX (MARINEX) Licence Application Oct-1987
3RD ROUND LICENCE APPLICATION WEALD BASIN TRITON (TRITON) Licence Application Oct-1989
PL203 RELINQUISHMENT REPORT CAIRN (CAIRN) Licence Relinquishment Report Mar-1992
OUT OF ROUND LICENCE APPLICATION GODLEY BRIDGE EUKAN (EUKAN) Licence Application Jul-1993
EXL291 EXL292 WEALD INTERIM TECHNICAL REPORT INDEPENDENT (INDEPENDENT) Licence Activity Report Jul-1997
13TH ROUND LICENCE APPLICATION CENTRAL WEALD MAGELLAN (MAGELLAN) Licence Application Feb-2008
13TH ROUND LICENCE APPLICATION WEALD BASIN WEALD (WEALD) Licence Application Feb-2008
13TH ROUND LICENCE APPLICATION GODLEY BRIDGE WEALD BASIN EGDON (EGDON) Licence Application Feb-2008

There is one common theme I came across but still working on it.

Part 1

Copied from another site.

HTTPS://ukogl.org.uk/map/?e=-74475,6626482,-44512,6652394&l=1431655685,20,0&b=3&sm=true

Lots of reading about what went on previously. Just choose your reading carefully.
OIL AND GAS FIELDS OF BRITAIN
CONSULTANT (AD****) Dec-1969 Report
A NEW EXPLORATION CONCEPT FOR UK ONSHORE
CONOCO (CONOCO) Feb-1977 Report
Enclosures
HYDROCARBON PROSPECTIVITY OF THE VALE OF WARDOUR
DOE (IGS) Mar-1981 Report
HYDROCARBON PROSPECTIVITY OF THE WEALD & EASTERN ENGLISH CHANNEL
DOE (IGS) Mar-1983 Report
Enclosures
REVIEW OF THE PETROLEUM GEOLOGY AND STRUCTURE OF SOUTHERN ENGLAND
BUTLER & ASSOC (BUTLER & ASSOC) Jan-1984 Report
Enclosures
BATHONIAN GREAT OOLITE SEDIMENTATION AND DIAGENESIS REVIEW WESSEX-WEALD BASIN
CARLESS (SELLWOOD & SCOTT) Jan-1986 Report
HYDROCARBON GENERATION IN THE WEALD BASIN
CONOCO (CONOCO) Apr-1986 Report
GREAT OOLITE REGIONAL SEDIMENTOLOGY AND DIAGENESIS WESSEX-WEALD BASIN REPORT 1
CARLESS (SELLWOOD & EVANS) Jul-1986 Report
GEOCHEMICAL EVALUATION OF TWO OIL SAMPLES ONSHORE SOUTHERN ENGLAND
CARLESS (ROBERTSON) Feb-1987 Report
GREAT OOLITE REGIONAL SEDIMENTOLOGY AND DIAGENESIS WESSEX-WEALD BASIN REPORT 2
CARLESS (SELLWOOD & EVANS) Feb-1987 Report
GREAT OOLITE REGIONAL DIAGENETIC REVIEW WESSEX-WEALD BASIN
CARLESS (SELLWOOD & EVANS) Mar-1988
TERTIARY STRUCTURES AND HYDROCARBON ENTRAPMENT IN THE WEALD BASIN (ABSTRACT ONLY)
GEOLOGICAL SOC. (BUTLER & PULLAN) Jan-1990
PROSPECTIVITY OF THE WEALD BASIN TRITON (TRITON) Dec-1990
DEPTH CONVERSION VELOCITIES WEST DORSET-NEW FOREST-IOW BRABANT (BRABANT) Apr-1992
HYDROCARBON PROSPECTIVITY IN THE ENGLISH CHANNEL SHELF (STEVE BUSHELL) Aug-1992
THERMAL MODELLING ENGLISH CHANNEL BASIN BRABANT (BRABANT) Mar-1993
GREAT OOLITE RESERVOIR STUDY WILTSHIRE-HAMPSHIRE HIGH WEALD BASIN CARLESS (MCLEOD - U.O.READING) Feb-2002
UK COAL RESOURCES FOR CONVENTIONAL & NEW EXPLOITATION TECHNOLOGIES DTI (BGS) Nov-2004
UNCONVENTIONAL RESOURCES UK ONSHORE CBM DECC (BGS) Jan-2013
UNCONVENTIONAL RESOURCES UK ONSHORE SHALE GAS
DECC (BGS) Jan-2013
HYDROCARBON PROPSECTIVITY OF UK ONSHORE BASINS DECC (BGS) Dec-2013
SHALE STUDY GEOLOGY & RESOURCE ESTIMATION WEALD BASIN DECC (BGS) Jan-2014
THE PROSPECTIVITY OF THE ENGLISH CHANNEL DECC (DECC) Dec-2015
SHALE STUDY GEOLOGY & RESOURCE ESTIMATION WESSEX BASIN OGA (BGS) Jan-2016

Who says it can't be done?

Notification and disclosure of net short positions
First published: 11/05/2016 Last updated: 15/04/2021 See all updates
The EU Short Selling Regulation (SSR) introduced a private and public notification regime for investors who hold net short positions in certain financial instruments.

More here:

HTTPS://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions

See the public short positions disclosed to us - daily update (XLSX) here:

HTTPS://www.fca.org.uk/publication/data/short-positions-daily-update.xlsx

Penguins
I thought it was 2018 when they stopped T20's. I could be wrong but I seem to remember some on here still doing it then.

Bloke is a joke.
1st year he got 25 million share options at 0.004 until 31/12/2017. SP nearly reached 2p during that period and he didn't buy any. That tells all imo. And on it went year after year.

Stephen Sanderson - 25 - 25 0.0040 21/01/2015 31/12/2017

HH1AN2
Have you forgotten the $1.5m for Resan-6. Although they raised over £5m recently it was for Basur-3 and seismic ("The Proceeds of the Placing will, therefore, be used primarily to pay UKOG's remaining share of Basur-3 drilling and seismic acquisition costs and for general working capital. The Company anticipates that its remaining net capital commitment to such programmes is approximately £2.06 million for the Basur-3 appraisal well and £1.1 million for the 2D seismic programme."). Admin will be about £2m for next 12 months. Revenue from HH is just keeping ahead of cost of sales. If they don't drill the sidetrack till next year, which is highly likely imo, where are you going to get the money from?

For those that remember the time it took to get 5 conditions passed for HH I'm not sure how long it will take to get over what appears more than 30 conditions passed for Loxley if UKOG are successful. Can't see anything happening there until at least Spring next year at the earliest imo.

The "Retention Areas Agreed (Updated October 2020) 2014 Model Clauses" state
PEDL137 Horse Hill Development RA
"drill a Portland appraisal well of Horse Hill 1 by 30 September 2019, drill a Kimmeridge limestone appraisal well of Horse Hill 1 by 30 September 2020 and acquire 40 km2 of 3D seismic by 30 September 2021"

Recent RNS update changed the drilling requirement to read "PEDL 137: commence drilling a Kimmeridge appraisal well by 30 September 2022." but the acquisition of Seismic data is still outstanding.

Just in case you are watching.

What are Section 106 Legal Agreements?

Section 106 (S106) Agreements are legal agreements between Local Authorities and developers; these are linked to planning permissions and can also be known as planning obligations.

Section 106 agreements are drafted when it is considered that a development will have significant impacts on the local area that cannot be moderated by means of conditions attached to a planning decision.

For example, a new residential development can place extra pressure on the social, physical and economic infrastructure which already exists in a certain area. A Planning obligation will aim to balance the pressure created by the new development with improvements to the surrounding area ensuring that where possible the development would make a positive contribution to the local area and community.

What the Section 106 Agreement will cover
When a planning application is submitted to the Council, we will assess the application as to whether the development would cause a significant impact to the area and community.

The S.106 will vary depending on the nature of the development and based on the needs of the District. The most common obligations include:-

Public Open Space
Affordable Housing
Education
Highways
Town Centre Improvements
Health