Member Info for Moneymunch

Lol ibug, they go hand in hand, higher porosity is indicative of higher reservoir quality....not long for the next UPdate to find out......early oil sows will be very encouraging for those invested. Gl ;-)

Looking forward to the next drilling UPdate from Pinarova-1, in the coming days as the drill heads towards TD....early oil shows will be well received. Gla holders!!! ;-)

We should find out within the next few weeks. Gl :-)

Further encouragement for Pinarova is also provided by the presence of seismic amplitude anomalies at multiple levels within Pinarova's Hoya target section. These anomalies could be indicative of the presence of hydrocarbons and/or the development of higher porosity within the Hoya.

Zzzzzzzzzzzz.....how nay more times are you going to voice your concerns when you're not invested, incessant negative repetition Pingu, why not wait for Pinarova-1 ressult and see how much oil they find...if it’s deemed commercial, the sp will rise significantly, if it isn't commercial then so be it.

Ps what's kept you on this share forum for so many years???

Lol just be, I'm in a smidgen of a profit at the moment on my decent size holding which I've accumulated over the last few weeks...we could get a bit of a spike on early oil shows but well results should be announced in the few weeks and if Pinarova-1 has commercial volumes, any spike thereafter will be truly massive but also permanent...Gl :-)

Ps zyx, why on earth would I or why on earth would you expect to read your previous posts, I rarely read your daily posts since I've been here fir the last couple of weeks, repetitive, negative and in tune with the rest of the detractor gang...Gl :'l

So how many barrels at Pinarova-1 are you lot prepared to drink???

Aberdeen University's professor of petroleum economics Alexander Kemp said: "The discovery of Forties in 1970 changed everything because it was clearly a huge field.

"It took a lot of the industry by surprise.

"In the first licensing round the acreage on which Forties, Brent, Piper, all these big fields, were discovered, were up for grabs.

"But no applications were made for any of them because, while it was hoped and expected they would find some gas in the southern basin, the prospects for central and northern waters were regarded as very risky.

"One of the most famous quotations came from a senior BP person who said he would drink every barrel of oil found in the North Sea."

But the Forties field and pioneering American oil men were about to have him choking on his words.

FFS...are you sure you're a shareholder??? Pinarova-1 is drilling directly towards the seismic anomalies highlighted in the slides...what actually are you finding difficult to understand?

"seismic amplitude anomalies at multiple levels within Pinarova's Hoya target section"

https://www.ukogplc.com/ul/Pinarova-1%20Slides%20100123.pdf

Lol Zxy, we're going to find out within the next few weeks, so chill mate, as a self-professed shareholder I'm sure you're hoping you're hoping for a large commercial oil accumulation. Gl mate :$ )

Ps Ninetails, it's about time you sorted out your own lifestyle mate, instead of hanging around a share forum for god knows how many years where you're not invested. Gl :-(

We should find out within the next few weeks. Gl :-)

Further encouragement for Pinarova is also provided by the presence of seismic amplitude anomalies at multiple levels within Pinarova's Hoya target section. These anomalies could be indicative of the presence of hydrocarbons and/or the development of higher porosity within the Hoya.

All eyes on Pinarova-1's next UPdate as the drill heads towards the large seismic anomaly, which could be a large oil accumulation, early oil shows will be well received and when they reach TD and a large oil accumulation is confirmed, then like it or lump it, the sp will rise dramatically!!! Gla holders...On and UP!!! :-)

The company’s chief executive, Stephen Sanderson, said:

“The CPR confirms that Loxley, one of the UK’s largest onshore gas discoveries, possesses material present value in today’s prevailing higher gas price world.

“Its potential future revenue streams have the capacity to deliver material shareholder value in the foreseeable future and its recoverable resources to contribute towards the UK’s future energy security.

“Loxley’s illustrated potential commercial robustness also means that UKOG can now plan to fund a future development via normal conventional oil and gas debt funding.

“The option of a farmout, where UKOG’s costs are carried by a new partner, remains a further viable funding option. Our focus will, therefore, now be on implementing the necessary steps to deliver the planned Loxley-1 appraisal programme during 2024 and, if successful, gas production and sales targeted from 2026.”

Last chance saloon appeal for the detractors on Loxley.....clutching at straws. Gla ;-)

The court decided that the challenge should be considered on two grounds – whether the government failed to:

Give enough consideration to harm from gas drilling on the landscape of the nearby Surrey Hills Area of Outstanding Natural Beauty
Explain inconsistencies with its decision to refuse permission for gas testing at Ellesmere Port because of carbon emissions.

Two other grounds made by Protect Dunsfold, on downstream benefits, were dismissed.

Stephen Sanderson, UKOG’s chief executive, said:

“The Company’s legal team remain robustly confident that following the extensive Loxley public inquiry, the Secretary of State’s decision to grant planning consent was thoroughly considered and entirely lawful. Consequently, we will continue to move our project ahead.”

https://twitter.com/UKOGlistedonAIM/status/1645672377894809601?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Lol Mullins, it certainly looks like one. Gl ;-)

tinyurl.com/5fzyjvr9

Home grown local gas and oil development and production is essential for UK energy security. Gla :-)

23/3/23

The UK government has rejected all the recommendations of a cross-party committee of MPs to speed up decarbonisation of energy supply.

In its response to the committee, published today, the government said:

“While we are working to drive down demand for fossil fuels, even when the UK has achieved net zero in 2050, some oil and gas will be needed for certain industrial purposes and essential products.

“Even with significantly reduced fossil fuel use in 2050, the UK is projected to remain a net importer of both. A faster decline in domestic production would mean greater reliance on imports, at greater expense, and in the case of gas, potentially resulting in additional global emissions.”

UKOG

@UKOGlistedonAIM

·

PINAROVA UPDATE: P-1 drilling commenced at 0800 on Friday 8th April. Drilling down to first casing point at circa 300m expected to take 8-10 days.

Further updates to follow

https://tinyurl.com/5fzyjvr9

Stephen Sanderson, UKOG’s chief executive, said:

“The Company’s legal team remain robustly confident that following the extensive Loxley public inquiry, the Secretary of State’s decision to grant planning consent was thoroughly considered and entirely lawful. Consequently, we will continue to move our project ahead.”