Member Info for Ibug

Penguins

https://ibb.co/3vt9MMh

As you can see the old licence was AME-SNR-M48-C1-1

https://ibb.co/3vt9MMh

Who knows what is going on. Seems to be a bit of a lottery unless you are TPAO.

Just as well we didn't get an invite!

!MAPEG rejected all applications made separately by 4 different companies for oil exploration licenses on the same land in the provinces of Siirt and Şırnak. 

Alaaddin Middle East Ltd., Güney Yıldızı Petrol Üretim Sondaj Mühendislik ve Ticaret AŞ, Protech Enerji Petrol Madencilik Sanayi ve Ticaret AŞ and Seyl Enerji AŞ; They had applied separately to the General Directorate of Mining and Petroleum Affairs (MAPEG) to search for oil in the parcel numbered M48-c1 with a surface area of ​​15,322ha, spread within the borders of Siirt and Şırnak provinces.

MAPEG, after examining the applications; Based on Article 7 of the Turkish Petroleum Law No. 6491 titled “Application and licensing procedure”, Article 9 titled “Examination and Evaluation” and Article 10 titled “Conclusion of Applications” of the Turkish Petroleum Law Implementation Regulation, it rejected all four of them."

Ocelot

Are you suggesting the news is going to be good or are you still playing the "joker"? Of course they can all expect to produce news in the near future but I wouldn't put money on Pinarova and Loxley being good. HH should be a slam dunk but will anything come of the injector or HH-3 this year?

"As is the fact that the last raise of £3mm would mean at today's probable vwap approaching 7 billion shares being issued - or nearly a third extra shares - and if there is a rise in the SP YA can sell relentlessly into the pump, and then 'help' the dump to ensure another low vwap."

I don't think Penguins will be far from the mark and can see them breaking 30bn shares by the end of the funding period but will they go for a consolidation before or after?

52 Week Low 0.0425

52 Week Low Date 25-Aug-2023

Ocelot

We are 5 months down the road and not one planning application has been decided. Considering the last one didn't go in until the end of July I anticipate there was a lot of wishful thinking when they wrote that. You do realise that when you polish a turd so much it will finally disappear. It's a bit like all your dreams of being the next Warren Buffet.

With an extra 4-5bn shares in issue the MCap won't drop that much unless there is bad news from Turkey or Supreme Court. It was never going to be a good time to buy imo.

52 Week Low 0.0435

52 Week Low Date 24-Aug-2023

Big drop this time.

Anyone keeping track of the number of big sales since funding was announced?

Ocelot

You have been spending too much time in the massage parlour.

52 Week Low 0.046

52 Week Low Date 23-Aug-2023

ShouldveSold

And what legal matters should UKOG be focusing on?

Https://twitter.com/Russell68634347?t=OTqiF0VPMDtLu0sJuwcVDg&s=09

Apparently he is the dogs bollicks to trading.

https://uk.advfn.com/forum/search?q=bigruss1&index=posts&post_poster=on

"Hi giz I messaged David lenigas last night and got a reply regarding PPP and ukog ..he told me he is waiting for the results of the supreme court before moving forward with horse hill .it's on my Twitter account..so the hold up is that nothing else ."

Trisha

I take it you live on Uranus as nothing you ever say makes any sense. That powerful piece of machinery was normally used for drilling for water and they didn't find an awful lot of that. You will probably have more chance of spotting pixies than oil.

52 Week Low 0.0465

52 Week Low Date 22-Aug-2023

With licence M48-c1 in Turkey. I wonder if we ever got an invite?

It says

52 Week Low 0.047

52 Week Low Date 21-Aug-2023

but in fact it is an all time low for UKOG and has been for ages.

JR ocelot is living the dream. Let him have his fun.

52 Week Low 0.0485

52 Week Low Date 21-Aug-2023

OMG Not that old chestnut. Things must be getting very desperate in the ocelot house.

It's not as if brent is doing us many favours either with the low flow rates.

Hang on. Let's pump Loxley and Portland who may never do anything.

Have they given up on Turkey?

I'm seeing a total Bsitter here. Hasn't a clue swinging with the wind.