Member Info for Ibug

Turns out they have had 5 bites at the cherry to raise cash in the last 4 years.

23 February 2024

Resolutions 3 and 5 are being proposed at the Reconvened GM to allow the Company to raise funds this year to deliver its stated strategy and growth objectives, which include progressing both the material Loxley gas development and the strategic Portland hydrogen storage project, one of the largest planned in the UK. Failure to carry resolutions 3 and 5 will, therefore, mean that the Company will not be able to fully implement its operational and growth strategy.

01 February 2024

In the light of the recent successful Court of Appeal decision upholding the Company's planning consent to drill and test the discovered Loxley gas deposit, the Company now aims, subject to further funding, to commence the planned Loxley-1 appraisal programme in the second half of 2024. Certain costs associated with the discharge of pre-commencement planning conditions will also need to be funded.

28 June 2023

The funds will fully fund working capital necessary to progress the Company's key planned activities over the next 12 months, which include:

· Loxley gas discovery: discharge of planning conditions and preparations for site construction, plus a potential farmout to cover the planned appraisal and development programme,

09 July 2021

Open Offer of up to 2,643,429,529 Open Offer Shares at £0.0018 per share

In addition, within its UK portfolio, the Company also plans to fund regulatory works at Horse Hill, ongoing licence obligations and work related to the planning applications to drill at its Loxley and Isle of Wight sites, together with costs related to developing new geothermal projects at its sites and elsewhere.

04 June 2020

Raised £4.2 million at 0.2 pence per share to provide funding for the above and other key activities. To include preparations for work at the Loxley Portland gas appraisal well site, if planning approval is granted on 29 June, and follow-up of the Arreton, Isle of Wight planning application. Placing details are provided below.

Https://drillordrop.com/2024/03/27/loxley-drilling-deadline-extended-again/

https://environment.data.gov.uk/public-register/api/search?name-number-search=UKOG+%28234%29+LTD

UKOG

@UKOGlistedonAIM

·

11m

LOXLEY GAS PROJECT: Remember, Competent Persons Report in Feb 2023 stated post-tax 2C case present value was assessed at £124 million net to UKOG using end December 2022 gas prices. https://tinyurl.com/2ra8dtyd

UKOG

@UKOGlistedonAIM

·

15m

LOXLEY LATEST: Following Appeal Court’s decision upholding lawful planning consent, NSTA grants one-year extension to the Retention Area work programme, so, if required, the Company has an extra year to end June 2025 to start operations. https://tinyurl.com/3t39u42h #gas #AIM #energy

Unbalancedviewer

Best to check my posting history before making more stupid comments.

Balancedviewer

"Save costs" LMAO

UKOG have raised the money twice now just to build the infrastructure and the pad. The annual report will show how bad the finances are.

Even if UKOG managed to farm out 50% they would still need to issue another 12bn shares to cover their costs. Does anyone really think that is going to happen?

There are still Planning conditions outstanding and no money to pay for the drilling so good luck with that.

Our Reference

SCC_Ref_2023-0094

Application Number

WA/2023/01259

Application Type

Details Pursuant Minerals/Waste

Status

Under consideration

Decision

Location

Loxley Well Site - Land South of Dunsfold Road and East of High Loxley Road, Dunsfold, Surrey

Proposal

Details of a Noise Mitigation Scheme pursuant to Condition 12 of appeal decision ref: APP/B3600/W/21/3268579 dated 7 June 2022.

Our Reference

SCC_Ref_2023-0096

Application Number

WA/2023/01258

Application Type

Details Pursuant Minerals/Waste

Status

Under consideration

Decision

Location

Loxley Well Site - Land South of Dunsfold Road and East of High Loxley Road, Dunsfold, Surrey

Proposal

Details of a Noise Monitoring Plan pursuant to Condition 13 of appeal decision ref: APP/B3600/W/21/3268579 dated 7 June 2022.

Our Reference

SCC_Ref_2023-0074

Application Number

WA/2023/01034

Application Type

Details Pursuant Minerals/Waste

Status

Under consideration

Decision

Location

Loxley Well Site - Land South of Dunsfold Road and East of High Loxley Road, Dunsfold, Surrey

Proposal

Details of highway and access works pursuant to Condition 7 of appeal decision ref: APP/B3600/W/21/3268579 dated 7 June 2022.

Our Reference

SCC_Ref_2023-0075

Application Number

WA/2023/01033

Application Type

Details Pursuant Minerals/Waste

Status

Under consideration

Decision

Location

Loxley Well Site - Land South of Dunsfold Road and East of High Loxley Road, Dunsfold, Surrey

Proposal

Details of a Transport Management Plan pursuant to Condition 9 of appeal decision ref: APP/B3600/W/21/3268579 dated 7 June 2022.

Our Reference

SCC_Ref_2023-0076

Application Number

WA/2023/01032

Application Type

Details Pursuant Minerals/Waste

Status

Under consideration

Decision

Location

Loxley Well Site - Land South of Dunsfold Road and East of High Loxley Road, Dunsfold, Surrey

Proposal

Details of a Construction Environment Management Plan (CEMP) pursuant to Condition 24 of appeal decision ref: APP/B3600/W/21/3268579 dated 7 June 2022.

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following the Court of Appeal's 9th January 2024 ruling refusing any further appeals against Loxley's lawful planning consent (RNS of 10 January 2024), the North Sea Transition Authority has now granted a one-year extension to the PEDL234 licence's Retention Area Work Programme in which the Loxley gas discovery is contained.

In order to retain the full 300 km² licence area without any future partial relinquishment, the Company must now commence drilling the Loxley-1 appraisal borehole no later than 30 June 2025. Loxley-1 is designed to confirm the commercial viability of the Company's material 100%-owned Loxley gas discovery and its related hydrogen feedstock project.

Loxley's current Competent Persons Report ("CPR") (see: RNS 21 February 2023) assessed that Loxley, one of the UK onshore's largest historic gas discoveries, contains a mid-case 2C Contingent Resources recoverable volume of 31.0 billion cubic feet net to UKOG. The CPR's associated post-tax 2C case present value (at 10% discount rate) was assessed at £124 million net to UKOG using end December 2022 gas prices and £87 million net to UKOG using an RPS Energy forward price forecast. The CPR is available on the Company's website www.ukogplc.com .

The Loxley CPR's recoverable volumes stated as Contingent Resources (as defined in the glossary below) should not be construed as Reserves (also defined below). Further successful development of the asset would be required to seek to move the CPR classification to Reserves.

ZYX098

Finding it very difficult to find out if anyone has the licence areas to the west at the moment. Several wells have been drilled there but none commercial.

"The Resan exploration licence where AME has currently a 50% working interest and is operator, the Pinarova-1 shallow well (600 meters) was drilled and tested. Oil shows did come to the surface but after several tests thought not to have accumulated in commercial quantities. The Joint Venture (with UKOG) is discussing future operations with 2 potential drilling locations identified. These will be to test a deeper horizon (2,000-2,500 meters) to locate where the surface oil seeps are originating. The exploration licence has 1 more year to run (before extensions)."

"The testing of a shallow accumulation on the Resan exploration licence with the Pinarova-1 well did not generate positive results. However, the surface oil seeps continue to encourage further exploration on this licence. 2023, therefore, did not move AME forward and AME will continue to focus on production wells in 2024 to enhance cash flow."

"There is a commitment well to be drilled on the Resan exploration licence in 2024. The JV is in the process of agreeing the drilling target."

https://aladdinmiddleeast.com/wp-content/uploads/2024/03/AME-2023-Annual-Report.pdf

Penguins

Beg to differ. Here is the seismic prior to.

https://postimg.cc/ZCmtqTPH

As you can see there is hardly any seismic for the Kurtalan field compared to what they have now.

Oh dear Ian.

I don't suppose you realise that the oil field outside the area has already been identified.

How come the Basur oil didn't flow into Pinarova.

You really do sound like an amateur wannabe.

Https://postimg.cc/8F8BHWfh

Why carry out seismic outside the licence area?

Since the discovery of the Oymantepe oil field by AME in 2014 in the East Sadak license, the Reşan license has become one of AME’s core exploration assets. The license offers a huge potential for exploring oil in multiple play concepts with its proven hydrocarbon; thrust structures along the Tilan-Başur-Reşan axis, Mardin “Leads” in the tectonically more stable Eastern part of the license, and the shallow amplitude plays in Eocene-Oligocene age formations.

The main target reservoirs are Upper Cretaceous aged Beloka and Mardin Group carbonates within the Reşan-Başur anticline. There are several wells with oil tests along this trend in the license area; Başur-1 (1965) produced 325 bbl of oil during testing the well, Reşan-5 (1957) tested oil at a DST (20 liters oil), and oil shows were observed during the drilling of Reşan 2 and 3 (1955). Moreover, Kurtalan-1 (1961) which is only a 3.8 km downdip from Tilan-1 (1966), produced 219,000 bbl of 33 API oil from Garzan formation between 1961-1971.

In June 2021, the Başur-3 exploration well was spudded to twin the oil-tested Başur-1 well, however, it did not reach the planned TD due to technical reasons and it was P&A’d in July 2021 in the Lower Germav formation.

During the 2D seismic data acquisition program in 2022, light oil seepages (41-47 API) were observed in several explosive shot holes. Oil shows were observed at the Germik base limestone interval during the drilling of a geothermal well (Kezer-1) in 2019. The emulsion also came to the surface while lowering the 9 5/8” casing to the top of the Hoya formation. After identifying near-surface amplitude anomalies associated with positive indicators from post-stack seismic attributes on one of the legacy 2D seismic lines running near both the shot hole and the geothermal well, a shallow amplitude play concept has been developed. Pinarova-1 well drilled to a total depth of 600m to test this shallow amplitude play concept in April 2023. After extensive well-completion operations, the well was P&A’d in February 2024 due to not recovering any hydrocarbon at commercial quantities.

Ocelot

Have UKOG done their research on the underground oil tanks above where they plan to drill these salt caverns? The previous Planning Applications never mentioned them. Better tell your bosses about them.

APPLICATION NUMBER: WSCC/047/23

APPLICATION TYPE – COUNTY MATTER MINERALS

TOWN AND COUNTRY PLANNING ACT 1990

TOWN AND COUNTRY PLANNING (DEVELOPMENT MANAGEMENT PROCEDURE) (ENGLAND) ORDER 2015

To:

Mr Nigel Moore

The Innovation Centre,

Vienna Court

Kirkleatham Business Park

Redcar and Cleveland

TS10 5SH

In pursuance of their powers under the above-mentioned Act and Orders, West Sussex County Council hereby notify you that they REFUSE the following development, that is to say:

Temporary installation of a security fence, gates, and cabins (Variation of condition 1 of planning permission WSCC/001/22 to enable the retention of security fencing, gates & cabins for a further 24 months) at Wood barn Farm, Adversane Lane, Broadford Bridge, Billingshurst, West Sussex

as shown on the application and plans submitted to this Council, for the following reasons:

Reason for Refusal

1.

• There is no demonstrable need to retain the security fencing, gates, and cabins to carry out the appraisal of hydrocarbons at other sites.

• A significant period of time has elapsed since active exploration and appraisal on the site, and there is no demonstrable need for a further extension of time to restore the site. As a result, restoration would not take place at the earliest opportunity.

• Retention of the site in its current dormant state would not enable the extraction of minerals and, therefore, it has not been demonstrated that the development is essential to its countryside location.

Therefore, the proposal is contrary to Policies M23 and M24 of the West Sussex Joint Minerals Local Plan (July 2018- Partial Review), paragraph 217 of the National Planning Policy Framework (December 2023), and Policy 26 of the Horsham District Planning Framework (2015).

APPLICATION NUMBER: WSCC/046/23

APPLICATION TYPE – COUNTY MATTER MINERALS

TOWN AND COUNTRY PLANNING ACT 1990

TOWN AND COUNTRY PLANNING (DEVELOPMENT MANAGEMENT PROCEDURE) (ENGLAND) ORDER 2015

To:

Mr Nigel Moore

The Innovation Centre,

Vienna Court

Kirkleatham Business Park

Redcar and Cleveland

TS10 5SH

In pursuance of their powers under the above-mentioned Act and Orders, West Sussex County Council hereby notify you that they REFUSE the following development, that is to say:

The siting and development of a temporary borehole, well site compound and access road including all ancillary infrastructure and equipment (variation of condition 1 of planning permission WSCC/002/22 extending the permission by 24 months to enable the completion of phase 4 site retention and restoration) at Wood barn Farm, Adversane Lane, Broadford Bridge, Billingshurst, West Sussex

as shown on the application and plans submitted to this Council, for the following reasons:

Reason for Refusal

1.

• There is no demonstrable need to retain the site to carry out the appraisal of hydrocarbons at other sites.

• A significant period of time has elapsed since active exploration and appraisal on the site, and there is no demonstrable need for a further extension of time to restore the site. As a result, restoration would not take place at the earliest opportunity.

• Retention of the site in its current dormant state would not enable the extraction of minerals and, therefore, it has not been demonstrated that the development is essential to its countryside location.

Therefore, the proposal is contrary to Policies M23 and M24 of the West Sussex Joint Minerals Local Plan (July 2018- Partial Review), paragraph 217 of the National Planning Policy Framework (December 2023), and Policy 26 of the Horsham District Planning Framework (2015).

Where are UKOG going to get future funding?

Any placing will probably be done by at least a 20% discount.

Best to look past the end of your nose imo.

SP has been all downhill since June last year when they did the deal with UKOG.

https://www.lse.co.uk/ShareChart.html?sharechart=RGO&share=Riverfort

Adrian

https://twitter.com/davethedrill1/status/1770777905083154746

If I was @jacksonbollix I would be all over your twitter account 24/7 making your life hell. Get a life you loser.

What I say about you I say on here so all can see.