Member Info for Ibug

They forgot to mention Turkey in this one.

https://www.youtube.com/watch?v=4Jta6n51c64

They even tell you how to do it.

https://www.fool.com/investing/how-to-invest/stocks/how-to-short-stock/

Don't forget JTP, Danadav, Flowermay and EVO who were all shareholders in HHDL.

Best to look at Wytch Farm to fully understand. Whilst they re-inject the water produced the flow rate still declines. When you take out millions of barrels of oil what do you replace it with? All they do is pump back the water that was already there leaving a void from the oil recovered. Don't expect miracles from re-injection imo.

By my calculations these are the shares that have been issued since the last AGM. I can't guarantee I have accounted for them all.

25 June 2020 Exercise of Warrants 129,375,000
16 July 2020 Horse Hill Equipment Purchase Completed 131,014,769
02 October 2020 Funding of initial Turkey operations via £2.2 million placing 1,374,999,993
04 December 2020 Exercise of Warrants 68,750,000
11 February 2021 2nd Instalment for Purchase of Horse Hill Equipment Completed 412,475,262

That is a total of 2116615024 out of 3000000000. Doesn't leave a lot left. 883384976 if I am correct. It could be less.
£883385 if they get a placing away at 0.1p

imo they need about another £1.5m for Turkey.
£1766769 if they get a placing away at 0.2p

Wizard

It is easy to check using the RNS's. Despite the Planning Application the EA permit is even more restrictive only allowing 1230 barrels of oil to be stored. The gauge tanks are gone and there are only storage tanks.

https://consult.environment-agency.gov.uk/psc/rh6-0hn-horse-hill-developments-ltd/supporting_documents/04%20%20Site%20Location%20Plan%20and%20Site%20Layout%20Plan%20R1.pdf

Wizard
When did the EWT finish? When did they discover water? Application went in at the end of January 2020.

https://planning.surreycc.gov.uk/planappdisp.aspx?AppNo=SCC%20Ref%202020/0018

No. Totally new configuration. I have been in touch with SCC as it does not match what they have put in the EA application. That was well over a month ago and not had a reply.

Wizard
There is one planning application still outstanding for storage on site. They have requested the following size tanks.

58: GAUGE TANKS X 5 (CAPACITY 27.8M3) (VESSEL NO. WT-T1 to WT-T5)
60: GAUGE TANKS X 2 (CAPACITY 69.95M3) (VESSEL NO. WT-T7 to WT-T8)
61: GAUGE TANK (CAPACITY 55.64M3) (VESSEL NO. WT-T6)

HH-1 was deviated up to 18 degrees down to the Kimmeridge.

Record Well Name MD (ft) MD (m) Inclination Azimuth Easting (X) Northing (Y)
1 HORSE HILL 1 0.00 0.00 0.00 0.00 525254.91 143600.31
2 HORSE HILL 1 875.00 266.70 0.25 105.00 525255.47 143600.16
3 HORSE HILL 1 1185.00 361.19 0.25 5.00 525255.69 143600.32
4 HORSE HILL 1 1500.00 457.20 0.50 60.00 525256.07 143600.73
5 HORSE HILL 1 1780.00 542.54 1.00 215.00 525255.97 143600.31
6 HORSE HILL 1 1816.90 553.79 0.85 25.35 525255.95 143600.31
7 HORSE HILL 1 1861.90 567.51 0.85 20.41 525256.02 143600.49
8 HORSE HILL 1 1906.40 581.07 0.81 18.93 525256.09 143600.68
9 HORSE HILL 1 1945.40 592.96 1.07 9.77 525256.14 143600.87
10 HORSE HILL 1 1991.40 606.98 3.04 359.78 525256.16 143601.37
11 HORSE HILL 1 2035.80 620.51 5.12 353.20 525256.08 143602.33
12 HORSE HILL 1 2081.00 634.29 6.90 351.36 525255.89 143603.75
13 HORSE HILL 1 2125.20 647.76 7.95 353.47 525255.66 143605.48
14 HORSE HILL 1 2169.40 661.23 9.33 345.15 525255.27 143607.46
15 HORSE HILL 1 2214.00 674.83 10.78 342.03 525254.60 143609.73
16 HORSE HILL 1 2257.70 688.15 12.46 340.10 525253.73 143612.27
17 HORSE HILL 1 2302.00 701.65 14.34 340.41 525252.67 143615.21
18 HORSE HILL 1 2346.80 715.30 15.90 339.52 525251.45 143618.56
19 HORSE HILL 1 2390.70 728.69 17.23 340.00 525250.13 143622.14
20 HORSE HILL 1 2434.00 741.88 18.64 339.11 525248.71 143625.94
21 HORSE HILL 1 2478.30 755.39 19.59 339.09 525247.13 143630.07

Welltops HH-1
Top MD (f) MD (m) TVDSS (f) TVDSS (m) TWT (s) Detail
Weald Clay 25 7.6 -220 -66.9 - -
Hastings Beds 520 158.5 276 84.0 - -
Grinstead Clay 695 211.8 451 137.3 - -
Lower Tunbridge Wells Sands 770 234.7 526 160.2 - -
Wadhurst Clay 805 245.4 561 170.8 - -
Ashdown Beds 978 298.1 734 223.6 - -
Purbeck Durlston Beds 1302 396.8 1058 322.3 - -
Purbeck Carbonates 1525 464.8 1281 390.3 - -
Purbeck Main Anhydrite 1984 604.7 1740 530.2 0.385 -
Portland Sandstone 2042 622.4 1797 547.7 0.384 -
Lower Portland Sandstone 2324 708.4 2075 632.5 0.437 -
Kimmeridge Clay 2480 755.9 2223 677.6 0.469 -

They have less than 900,000,000 shares left until after the next AGM but would any PI take up the offer of making up a book? Between a rock and a hard place imo.

Cheers Penguins. I did the same and zoomed in and found the other non-producing wells in green which were difficult to see on my ancient PC.

I filter all Richards.

I can't be bothered reading all the rubbish today but did anyone spot the 2 tankers at HH?

And poor old Owain only holds several million shares. Not the Warren Buffett he makes out to be.

BigFoot88
Best to DYOR on the time and the ticker before trying to work out if it is a buy or sell.

Penguins
I was actually referring to distance between Sadak and Batman/Tawke. There is a strike slip fault between Resan and Sadak but don't know if it is a right or left lateral.

wizard125
Raman/Batman is closer and more prolific but is all down to geology imo. Magrip and Garzan are the closest fields to Resan/Basur. Original presentation from last July is very informative.

Allen Howard II

https://www.linkedin.com/in/allen-howard-ii-773670b

President & CEO
PetroScale Reservoir Solutions
May 2018 - Present3 years

Houston, Texas

UK Oil & Gas Investments plc Graphic
Non Executive Chairman
UK Oil & Gas Investments plc
Mar 2017 - Present4 years 2 months

Not to be confused with the other Allen Howard, Allen D. Howard.

e.g.

Name of the wel l : EAST SADAK-11S (Product ion Wel l)
Petroleum District : Land
License No : ARI/AME-SNR/K/M48-a3-1
Coordinates : Sur face; X (East ing) : 249 190.85,
Y (Nor thing) : 4 185 374.75, (ED50)
Target ; X (East ing) : 249 466.60(ED50)
Y : 4 185 605.04 (Nor th)
Elevat ion : GL:1400,55 m, KB: 1404,8 m
Spudding Date : 07.06.2019
Complet ion Date : 15.07.2019
Contractor : AME
Operator : AME
Rig Type : Ideco H-725 (AME-101)
Total Depth : 2640 m
Status : Put on the wel l product ion as of 22 July 2019.

Name of the well : EAST SADAK-3 (Appraisal Well)
Petroleum District : Land
License No : AR/AME-SNR/5019
Coordinates : X = 4 186 200 (North) Y = 248 616 (East) (ED50)
Elevat ion : GL: 1356,7 m, KB: 1361 m.
Spudding Date : 02.05.2016
Complet ion Date : 28.09.2016
Contractor : AME
Operator : AME
Rig Type : Ideco H-725 (AME-101)
Total Depth : 2750 m (9022 ft )
Status : Put on the well product ion with ESP pump on
28th Sep 2016.

And you can't blame the snow!