Member Info for Ibug

Good old SS didn't sound that convincing to me when he said "prove the hydrocarbon volume and prove the commerciality" followed by " one well will not condemn or actually probably confirm commerciality of this structure".
AME have said diddly squat about Basur-3. Nothing on the website, social media or in the press in Turkey. It is all UK reporting even if United Oil & Gas get the plaudits sometimes.

Obviously an extrapolated 2000 bopd was not enough even back in 1964. The latest two wells drilled by AME (November Scout Report 2020) right next door to those fantastic producing wells at Diyarbakir
Https://www.hurriyetdailynews.com/oil-to-be-extracted-from-3-wells-165065
are only producing about 150 bopd each at ALTINAKAR.

How would you know if they were all repeats?

SP hardly twitched when they put up the rig at BB. It only started rising during the drill. About mid way if I remember correctly.

Decommissioning costs are just over £1m for the 4 sites. Not sure how you work out the % for each as only BB is 100%.

If you are that concerned go back over all my previous posts.

An good investor is someone who makes money by buying and selling shares. You really don't have to fall in love with them though. That is probably like most marriages if you look at the number of divorces.

50%

ozzy

"the drill will do the talking"
"let the drill do the talking......very soon"
"a fool speaks when he has to say something......let the drill bit do the talking"
"the drill will do my talking"
"the drill will give you my updates......very soon"
"the drill will do the talking....very soon"
"Let the drill do the talking"

Now how did that go?

Looks like your last 3 drills didn't go so well at UKOG. Are you going for a fourth or will it be a go forth and multiply?

https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=26300531&company=ukog

https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=27263148&company=ukog

https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=30354960&company=ukog

I'm not sure "technically" and opinion should ever be used in the same sentence.

ozzy52 Don't you ever see the funny side in anything. It was in jest and I'm pretty sure that is how Ocelot took it but In will stand corrected. A bit of fun to break up the constant rubbish posted by some. Perhaps you only have the breaking strain of a mars bar.

Ocelot hides his identity well.

Http://www.trefor.net/2014/05/15/breaking-strain-of-a-kitkat-official-definition/

When someone posts "UKOG continues to give the impression it is in no great hurry to raise new funds." and then posts "Personally, looking forward to the next developments re Basur-3 and its funding." you know either strightjackets or lifejackets are about to be issued.

Average trade price today under £700. Makes you wonder why they buy when a placing is probably on the cards.

ISS went over just over an hour ago and no sign of it.

Cem Sayer released the original drill date on November 26th in the presentation. It was due to be completed in January 2021.

Http://aladdinmiddleeast.com/News/42/FREE-WEBINAR-The-Oil--Gas-Industry-in-Turkey/EN

And yet the article says

"The appeal hearing is expected to last a day-and-a-half and is due to begin on Tuesday 16 November 2021."

Someone has paid for the 120 km of 2D seismic ($1-$1.5 million) as it is being worked on.

ocelot
Not sure how you can say I am now prepared to accept it. I never said I was against it.

I will repeat what I did say before though.

"those ********** shares could do serious damage" and "Can you call it? I can't."

If the resolutions go through it will be too close to call imo.

ocelot
Two completely agendas.
One was about future funding and the other about putting in a new BoD. You can't put in a new BoD if the company is bust. Why would they vote at the GM against. Makes no sense to me.
The 3 "Get Sanderson Out" faction is growing. What is not to say those against % is not growing as well.
I certainly won't be left holding shares if there is a chance of loosing them unlike those greedy PI's that are still locked in.
We can all work out who most of those are can't we.

With 863,159,545 shares the "Get Sanderson Out" faction holds more shares than the maximum voted at the AGM or GM in any resolution.

In Favour 660,846,450
In Favour 655,552,995

Itchy bottom time for some.