Member Info for Ibug

Adrian

And look how well that has gone.

"The Pinarova-1 campaign is expected to take up to 28 days to deliver a well completed for future oil production."

Believe what what you want. We all know UKOG and AME have led us down the garden path in Turkey since day one. First it was Basur-1. Then we get ripped off for the cost of the wells. Then it was the delay in reporting the failure to get the new licence areas. Then it was Basur-3 and now it is Pinarova-1.

Don't believe it if you don't want to. Do I care? No. No fool like a fool.

Ells

Must be one of your "perfect rounding bottoms" forming again.

https://www.google.com/finance/quote/UKOG:LON

Ells

It has been posted before and is from their energy journal.

"Enerji Günlüğü - Amerika merkezli Aladdin Middle East, Siirt’te Pınarova-1 arama kuyusu açarak petrol arayacak. ABD Kansas menşeili Aladdin Middle East Ltd. Şti. tarafından Siirt ili, Merkez ilçesi Aktaş Köyü sınırları içinde AR/AME/K/M47-b1, b2 no.lu arama ruhsatında bulunan Pınarova-1 lokasyon alanında petrol arama çalışması planlanıyor. 9 milyon lira değerindeki proje kapsamında şirket, Pınarova-1 tespit kuyusu açarak petrol arayacak. Faaliyet, bir tespit sondajı faaliyeti olduğundan faaliyet kapsamında üretim söz konusu olmayacak.   Kaynak: AMD Siirt’te petrol arayacak  "

or translated the last sentence means "Since the activity is a detection drilling activity, there will be no production within the scope of the activity. " or in other words they will have to seek permission to produce unlike other phrases used like;

"Rotary Drilling technique will be used within the scope of drilling work, only determination will be made, not production. A decision will be made on whether to drill a production well according to the Reserve and quality of the Crude Oil.

Since the project is a detection drilling activity, there will be no production within the scope of the activity. With the project, it is aimed to determine the presence of crude oil reserves and the amount, if any, in the field.

If oil or natural gas is found as a result of exploration activities, the well will be put into production.

only determination will be made, not production. A decision will be made on whether to drill a production well according to the Reserve and quality of the Crude Oil. 

it is aimed to determine the presence of crude oil reserves and the amount, if any."

Ells

Would those be the Supreme or the High perf guns?

Probably because there has been nothing to note for ages. Nearly 4 months!

LATEST NEWS

31/03/23: Annual Report and Accounts 2022. Click here

24/03/23: CPR on 10% interest in Horndean asset. Click here

21/02/23: Competent Person’s Report by RPS on Loxley gas discovery. Click here

11/01/23: Pinarova-1 potential shallow oil accumulation slides. Click here

25/11/22: Portland Port: White Paper on hydrogen project by Xodus. Click here

12/11/22: The Independent: Behind the curve in Hydrogen storage. Click here

31/10/22: Latest Portland Port Presentation. Click here

30/06/22: VIDEO: Another live oil seep from a second seismic shot hole in Basur, Turkey. Click here

30/06/22: UPDATED: Basur Seismic Presentation. Click here

For more detailed RNS news click here

TV & RADIO

27/02/23: Stephen Sanderson gives progress report on Loxley, Turkey and Portland Port on Core TV. Click here

23/02/23: Steve Sanderson Loxley interview on BBC News Channel. Click here

30/05/22: Steve Sanderson discusses UKOG’s future hydrogen-ready energy storage project at Portland Port in Dorset on Core TV. Click here

16/04/21: Steve Sanderson discusses UKOG’s new strategy on Core TV. Click here

20/01/21: Why Basur-Resan makes sense for UKOG’s future growth. Click here

23/07/20: Stephen Sanderson discusses Turkey project on Core TV. Click here

Out of the mouths of babes.

"Desree

Posted in: UKOG

Posts: 281

Price: 0.0585

No Opinion

RE: At the end of the day22 Jul 2023 16:35

Noms, whens the high court decision on Horsehill up? You must be in the know ;)"

Oh dear. It is really comical when ells the expert and Adrian the Fool can't even work out which court has been sitting on which case.

No wonder we don't believe anything you say.

Loxley was heard in the High Court and may now proceed to the Supreme Court.

See https://drillordrop.com/2023/07/21/council-considers-appeal-over-dunsfold-gas-drilling-decision/ (Waverley Borough Council said today it was taking legal advice and considering an appeal following the dismissal of its court challenge over gas drilling near Dunsfold." announced on Friday.

Horse Hill was heard in the Supreme Court.

You really should get your facts right or you will end up in the laughing stocks. The Supreme Court replaced the House of Lords so that is the last chance saloon.

Council considers appeal over Dunsfold gas drilling decision

Waverley Borough Council said today it was taking legal advice and considering an appeal following the dismissal of its court challenge over gas drilling near Dunsfold.

Full story here:

https://drillordrop.com/2023/07/21/council-considers-appeal-over-dunsfold-gas-drilling-decision/

Not a Sarah in site. What has Adrian done with her?

Ells

And how's the Horse Hill Farmout going? If it is taking this long how long do you think it will take to get approval for a farmout at Loxley? Imagine how closely the NSTA will look at the history of the field and wonder why nothing has happened there.

UKOG SP has remained stable as it couldn't really fall any further whilst there is still hope. Pinarova and lack of action with HH and Loxley could well change that.

Could that be your worst case scenario?

Https://www.bbc.co.uk/iplayer/episode/m001nyf3/south-today-lunchtime-news-21072023

3 minutes in

Ells

That was on 3 May 2023. Do they test the oil at the same place they get the perf guns from? How long does the testing take or is it the wording of the RNS that is the problem?

Now this is what you call sentiment.

# Trades 42

Vol. Sold 73,557,984

Sold Value £42.78k

Vol. Bought 3,130,823

Bought Value £1.90k

No wonder ells wants to sell Loxley off as he knows it is worthless and UKOG don't have the money to develop it. But who is going to be stupid enough to buy a bag of hot air?

TyreTread

What SS didn't mention was that those 4 years were in the TA when he was at Uni. Don't believe everything you read in a CV. The word embellish is often used.

His previous success rate hasn't been too good.

“I’ve drilled around 50 wells, of which 23 have been oil discoveries, and of those 14 have been commercial,”

So far at UKOG it has been 0 for 5.

Https://www.agri-tech-e.co.uk/making-all-year-round-fruit-veg-and-tea-commercially-viable/

Adrian really is showing his green credentials.

He also drives the lowest powered MG EV. Don't be mislead by his anti green posting on here.

Adrian

2021. You really are scraping the bottom of the barrel.

Even BB is only classed as "potential".

"Technical and commercial discussions continue with CeraPhi Energy regarding potential for a geothermal and agribusiness project incorporating the Broadford Bridge asset."

SRBS

They really did see you coming!

21-Jul-23 09:17:33 0.057 13,174 Sell* 0.057 0.062 7.51

21-Jul-23 08:19:23 0.062 3,064 Buy* 0.058 0.062 1.90

Ells

There is no geothermal hub at Horsehill. You really must keep up.

This is the only mention of geothermal in the last "Unaudited results". It has gone the same way as "solar" has for HH.

"Technical and commercial discussions continue with CeraPhi Energy regarding potential for a geothermal and agribusiness project incorporating the Broadford Bridge asset."

"At IR §4.4 the Inspector noted that the probability of the exploration being successful was quoted by UKOG as 60-70% and 30-40% for the secondary target. Independent analysis suggested this would be “the second largest gas accumulation found in UK onshore history”. It was described by UKOG as a “meaningful regional project size”."

0.058 for a real sell.