Member Info for Ibug

Insidious
Record is broken. You have been saying the same thing since July last year. I see you have dropped the 2p in a month bit.

Considering UKOG have already "raised £2.2 million to fund its share of initial drilling and seismic costs through a placing ("Placing") of 1,374,999,993 new ordinary shares ("Placing Shares")."

What is not yet covered is the costs of any new Turkey joint venture and the 2nd installment to PW of £550,000. imo is is quite likely a placing will be required in the near future.

It is just a matter of timing as to when PI's take a position here. What comes first, the chicken or the egg (turkey).

Cost of each well c. $1.5 million per well

I think BKP have about 9 of the big trailers with at least two of them having the back door for easy cleaning. I see it was marked as Low Hazard and not NON Hazardous.

https://twitter.com/davethedrill1/status/1346378408050221056

Sounds like a hazardous waste tanker to me.

N66 BKP ™
@N66BKP
Lets see how busy the M25 is Smiling face with sunglasses
5:16 AM · Jan 5, 2021·Twitter for iPhone

Load of tosh on here as usual. Who in their right mind believes in an AIM company? You don't get serious about shares until they start giving dividends and that is only normally real FTSE companies. AIM is for gamblers, real fantasy league stuff to make a quick buck if possible. I only do the research to assess the risk. How many AIM companies make it past development?

They knew they had issues back in late 2018 otherwise why say "HHDL currently envisages the Portland field development plan to consist of up to 3 production wells and up to 2 pressure support wells." which is one more support well than originally planned.

HH-1 update
Turkey spud
Placing

Will it be a happy new year?

Not sure how many wells are in production at Horndean but the production has been pretty stable considering it has been producing since 1998. Still life in the old dog and obviously pays its way.

Field Production Data, PPRS (WGS84): HORNDEAN
Field region
Reporting unit name HORNDEAN
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group IGAS PLC
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 202009
Reporting Period Month 09
Reporting Period Month Name September
Reporting Period Year 2020
Oil Production Mass (tonnes) 583.10
Oil Production Volume (m3) 700.00
Oil Production volume (mb/d) 0.15
Oil production density (Kg/m3) 833.00
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) 28.48
Associated Gas Production Volume (MMscf/d) 0.02
Associated Gas Production Volume (ksm3) 20.00
Associated Gas Production density (kg/sm3) 1.42
Gas Condensate mass (kg)
Gas condensate volume (ksm3)
Gas condensate volume (mb/d)
Gas condensate density (kg/sm3)
Injected water mass (tonnes) 0.00
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes) 288.00
Water production volume (ksm3) 288.00
Water production volume (mb/d) 0.06
Reinjected produced water volume (m3)

Wiz
Only 47 days are not encountered for in that 6 month period. If you look at the time taken to change pumps, the number of work overs and days in April, May, June and July and the days that were reported as the pump not running or the flare not flaring from April to July they are quite possibly all accounted for.
I certainly don't remember any of the posts or tweets reporting the pump or flare not being active in August and September. The only lost day is the 29th when they started to pull the rods.

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 202009
Reporting Period Month 09
Reporting Period Month Name September
Reporting Period Year 2020
Oil Production Mass (tonnes) 376.47
Oil Production Volume (m3) 445.00
Oil Production volume (mb/d) 0.09
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) 15.52
Associated Gas Production Volume (MMscf/d) 0.02
Associated Gas Production Volume (ksm3) 14.50
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)
Injected water mass (tonnes) 0.00
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes) 179.60
Water production volume (ksm3) 179.60
Water production volume (mb/d) 0.04
Reinjected produced water volume (m3) 0.00

Approx 90 bopd

P W Well Test have not declared the 2020 accounts yet so don't know what the fuss is all about. They were the ones that made the deal even if they are part of P W Well Services. Another storm in a teacup? I'd be more worried about Turkey as most have obviously done no research on AME.

less in 2020

https://find-and-update.company-information.service.gov.uk/company/04967550/filing-history

TH2
You obviously have no idea of how big a ha is. It is smaller than a haha.

The naming of wells in Turkey makes no sense. Resan-Basur fields being good examples with R1, R3, R5, B1, B2 and B101 yet no mention of R2 or R4 that I can find.

Anyone managed to find a link to a website for "Petroleum Affairs General Directorate, Republic of Turkey
" as this one doesn't work. I was hoping to find information on wells in Turkey there:

http://www.pigm.gov.tr/english/index.php

Mullins
You forgot to add;

"Basakli-1 Completed 08.07.2014 and put on production 20.9 API. Basakli-1RR Abandoned due to structural problem. No production since June 2019."

https://www.standard.co.uk/business/in-full-flow-the-oilman-who-wants-to-pump-billions-of-barrels-from-beneath-gatwick-a3189776.html

The sort of thing a green behind the ears 2nd Lt in his 20's would say imo. If you are gullible enough to believe it you deserve all you get.

More chance of him being in the SS!

He was TA FFS. Just look at when he was in the Army. It was the same time he was at college.