Member Info for Ibug

ocelot
I think he forgot to update the number of shareholders as only the number of shares increased. The BoD will be able to vote soon.

danpoe353
For once you are right. Ukoggers is a great name for the trolls.

you can let PI's know what is going on.

"UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that 13? inch steel casing was set and cemented successfully over the 855 feet thick Weald Clay section on its 100% interest Broadford Bridge-1 ("BB-1") Kimmeridge Limestone exploration well. Directional drilling operations, within 12¼ diameter hole, commenced on Monday evening. BB-1 has now reached a depth of over 370 metres (1200 feet) below surface within the Lower Cretaceous Hastings Beds. The uppermost Kimmeridge Limestone target, KL4, is expected to be conventionally cored in around 10-12 days' time. The well remains on schedule and within budget."

When you are not you have to guess. You can work out from the old RNS's what the drilling rates were. The ones pushed out so far are way off but that is to be expected.

I bet he gets his stock through ali baba.

It was noted that Salfords & Sidlow Parish Council (S&SPC) had shared their response to the above consultation (copy appended to the minutes). The Planning Chairman commented that although the site was not within the Parish of Horley, HTC did have an interest on the environmental impact. The RBBC Air Quality Monitoring Officer had confirmed that to date, air quality was not a problem, the site was well run and there was no cause for concern at present. Cllr George added that anyone could respond to the consultation and he suggested that HTC support S&SPC by mirroring their response and this was agreed.

TH2

Which method have you used?

1 - Enterprise Value to EBITDA

2 - Enterprise Value/Daily Production

3 - Enterprise Value/Proven + Probable Reserves

4 - Price to Cash Flow

5 - Enterprise Value/Debt-Adjusted Cash Flow

Probably none of the above.

In your dreams. Even 50% and you are not even close. They need to produce 2000 bopd for UKOG to hit 2p. Or was it 1p. It was that long ago I calculated it it.
I just hope any new investors DTOR instead of listening to the kids on the block.

Smoking can damage your wealth and affect your ability to draw.

Tiddles
And look what happened then. Are you suggesting that those wallowing deeply in the red would try to influence others to buy?

By the way. What drill rate are you expecting in the Cretaceous?

"Loxley Gas starts this month too :-)" Don't you mean Loxley planning appeal starts this month. IGas have not done UKOG any favours imo.

HH can damage your wealth.

Unaudited results for the six-month period ended 31 March 2021

PS Water figures are those reported to OGA. What has not been reported is clean up of HH-1 after workover for September. Water cut now at 48%. Cost of disposal is hitting hard even at the present Brent rates. Brent rates for period were between $40 - $65.

Looking at the differential between Revenue and Other Cost of sales the price of Brent has saved the day imo;

YEAR ENDED 30 SEPTEMBER 2020
Revenue £908k and Other Cost of Sales £(1,171)

six-month period ended 31 March 2021
Revenue £721k and Other Cost of sales £(544)

Month Oil Water all in m3
Sep 20 233 0
Nov 20 483 188
Dec 20 403 169
Jan 21 504 267
Feb 21 443 197
Mar 21 516 249

Total 2582 1070
Barrels 16241 6730

TH2
It will be oil from your car. 1000 ft is a long way to go. Just look at drill times in the Scout Reports.

Good rate so far. The size of the drill reduces as it gets harder to drill as they go down.
Looks like the other layer will be in the Mardin.

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 202102
Reporting Period Month 02
Reporting Period Month Name Feburary
Reporting Period Year 2021
Oil Production Mass (tonnes) 374.78
Oil Production Volume (m3) 443.00
Oil Production volume (mb/d) 0.10
Oil production density (Kg/m3) 846.00
Dry gas production mass (tonnes)
Dry gas production volume (ksm3)
Dry Gas Production volume (MMscf/d)
Dry Gas Production Density (kg/sm3)
Associated gas production mass (tonnes) 8.10
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 7.57
Associated Gas Production density (kg/sm3) 1.07
Gas Condensate mass (kg)
Gas condensate volume (ksm3)
Gas condensate volume (mb/d)
Gas condensate density (kg/sm3)
Gas Flared - Volume (Ksm3) 7.57
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

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 202103
Reporting Period Month 03
Reporting Period Month Name March
Reporting Period Year 2021
Oil Production Mass (tonnes) 436.54
Oil Production Volume (m3) 516.00
Oil Production volume (mb/d) 0.10
Oil production density (Kg/m3) 846.00
Dry gas production mass (tonnes)
Dry gas production volume (ksm3)
Dry Gas Production volume (MMscf/d)
Dry Gas Production Density (kg/sm3)
Associated gas production mass (tonnes) 9.15
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 8.55
Associated Gas Production density (kg/sm3) 1.07
Gas Condensate mass (kg)
Gas condensate volume (ksm3)
Gas condensate volume (mb/d)
Gas condensate density (kg/sm3)
Gas Flared - Volume (Ksm3) 8.55
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) 249.00
Water production volume (mb/d) 0.05
Reinjected produced water volume (m3) 0.00
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pprs_support@ogauthority.co.uk

Who would want to be left holding the baby? Who is paying who?

Oceanmec are drilling the well.

AME are the operator for the licence.

UKOG are paying for the well.

"To earn its 50% interest in the Licence, the Company has agreed to fund 100% of the first of 5 commitment wells in the Licence's 5-year exploration term, together with a small 2D seismic survey with an expected cost of $1-$1.5 million. UKOG's net expenditure for the one well plus seismic programme is capped at USD$5 million maximum expenditure. "

Administrative expenses £1.755m YEAR ENDED 30 SEPTEMBER 2020

Administrative expenses £715k for the six months ended 31 March 2020
Administrative expenses £1.04m for the six months ended 30 SEPTEMBER 2020
Administrative expenses £915 for the six months ended 31 March 2020

The true cost of getting rid of the transport and disposing of waste/water imo;

Other Cost of sales 12 months to 30 Sep 2020 £1,171k
Other Cost of sales 6 months to 31 March 2020 £40k
Other Cost of sales 6 months to 30 Septe 2020 £1,1131k
Other Cost of sales 6 months to 31 March 2021 £544k.

12 months Revenue to 30 Sep 2020 £908k

Revenue 6 months to 31 March 2020 £88k.
Revenue 6 months to 30 Septe 2020 £820k.
Revenue 6 months to 31 March 2021 £721k.

Now those figures say it all to me. The sooner they get HH-1 sorted out the better.

Wouldn't you be worried if the opening paragraph wasn't punchy?

Stick to the figures not the BS.

Smoking is bad for your health.

I would expect a RNS update when the 13? inch casing is set.