Member Info for Moneymunch

Lol ibug, what are you worried about mate...I've been accumulating on the cheap over the last couple of weeks specifically for the outcome of Pinarova-1....high risk but very high reward potential....I'm not going anywhere, especially with HH farmin and the greemlight for Loxley in the next couple of months, and we could conceivably have well results by Tuesday if they're drilling 100m plus plus every day, otherwise any day next week looks likely....Exciting or what ??? Gla holders...the resident share bashers who have spent the last decade here aren't going to like any good news....On and UP!!! :-)

Lol.....me a bully??? Certainly not, just batting the ball back......the real bullies on here are those who are not invested but have relentlessy tried to undermine and deter , and are now clutching at straws as the drill bit heads towards the sweet spot....ha ha ha....Let's hope it's a GUSHER, i'm sure you concur!!! Gla Holders....potential transformational news ahead. ;-)

We are very excited by the discovery of the active live light oil seep in one of last year's seismic programme's shot holes and the realisation that it likely resulted from a direct connection with an underlying shallow oil accumulation, which we've named Pinarova after the nearby village located some 6 km north of our Basur-1 oil discovery. We plan to drill Pinarova-1 to a total depth of around 550 metres in early Spring 2023.

Upon closer examination of seismic and well data, UKOG and its partner Aladdin Middle East (AME) saw that the culmination of the Pinarova structure, which extends over an area of around 9 km(2) within Eocene Hoya group limestones, 300-645m below surface, had been penetrated by the 2018 Kezer-1 geothermal borehole. This well, whilst being considered to unsuitable for geothermal energy, had strong oil shows within the Hoya and is reported to have flowed heavily oil-cut fluids to surface on a short open-hole geothermal test.

Further encouragement for Pinarova is also provided by the presence of seismic amplitude anomalies at multiple levels withing 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.

Meanwhile, the new Phase 2 seismic data also helped confirm our view of Basur- Resan and we continue to believe that the next Basur-4 appraisal well presents a commercially viable opportunity to be actioned post Pinarova-1.

The Company and AME both consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well, but at much lower drilling and development costs and with a shorter time to execution and delivery. The Company has ample funds to cover its share of the $0.4 million dry hole to $0.63 million drilled, tested and completed as a pumped oil producer drilling campaign costs.

Drilling underway.....Gla holders looking forward to plenty of UPside this coming week, early oil shows and more!!! :)

ps it's not going to take long to reach Target Depth....Fingers crossed they hit the sweet spot which will be truly transformational for all invested. Gla ;-)

https://twitter.com/UKOGlistedonAIM/status/1644308957299630082

Lol ibug, get real mate you desperate numptie, the first link i saw "drill site taking shape" was as posted on Advfn, which i reposted here yesterday, i hadn't visited the Ukog website and so the first time i've seen the drill turning was from your post this morning ho ho ho.......a great video and very exciting for those invested.....and all you can do is moan and pick fault in the quality of the drill rig...ha ha ha.......looking forward to a big week ahead in anticpation of early oil shows or more, its not going to take them long to hit TD.....let's hope it's a gusher, don't you agree??? Gl ;-)))

Lol ibug, nice one, I hadn't seen the latest twitter update released 12.59pm yesterday as reference was made to the first twitter update from the the 6th stating the drill site was taking shape, nevertheless the diverter pipe can be clearly seen to to the left of the drill pipe in the latest update....and illustrates how desperate and upset you and the rest of the resident detractors, determined to undermine and deter, clutching at straws or what...ha ha ha.....Gla holders...Excitement building as we approach Tuesday and potential news of early oil shows or even more.....looking forward to a big uplift in sp in anticipation. :-)

There's a big horizontal pipe that comes out from the casing pipe.....they're not drilling yet, but are obviously in preparation to drill....and so spud news on Tuesday by the looks of it. Gl :')

https://twitter.com/UKOGlistedonAIM/status/1643965535548239872/photo/1

Lol...so you're the self proclaimed expert are you...ha ha ha. ...in which case why don't you explain the function of the the horizontal pipe that comes out of the well casing in the twitter picture...which looks like the perfect addition for a diverter valve to be positioned , before they start drilling, whereby a horizontal pipe would be required to divert any flow!!!

C'mon JR...please explain, or as one of the resident Ukog share bashers, are you just clutching at straws in desperation??? He he :-)

"Truly" transformational!!! Gl :-)

Lol....don't talk wet....ha ha ha....are you clutching at straws or what ???..... it's a shallow well drilled by Alladin Middle East who have 60 years experience in the industry , focused on many years drilling similar wells in Turkey...and could be trusted transformational for Ukog and its shareholders, like me, if it flow commercially...Exciting times!!! :-)

Further to the analysis of the Q3 2022 Phase 2 Seismic Programme UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Resan JV (UKOG 50% working interest) has identified and plans to drill in Q1 2023, a new potential shallow oil accumulation, Pinarova, of some 9 km(2) areal extent, located 6 km north of the Basur-1 oil discovery. The new Pinarova-1 well is designed to test a working hypothesis, supported by well and seismic data, that the active (41.7°API) light oil seep found last summer in a seismic shot hole (see RNS of 30 June 2022) above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation within Eocene Hoya group limestones, 300-645m below surface.

The presence of movable oil within Pinarova is indicated by results of the 2018 Kezer-1 shallow geothermal well, located near the apex of the Pinarova geological feature. Kezer-1 reported strong oil shows throughout the Hoya and flowed heavily oil-cut fluids to surface on a short open-hole geothermal test. Kezer-1 was deemed unsuitable for geothermal purposes and abandoned. Both new and legacy seismic data also show a series of vertically stacked seismic amplitude anomalies within the core of Pinarova's Hoya structure, possibly directly indicating hydrocarbons and/or the development of good reservoir within the Hoya.

The Company and its joint partner Aladdin Middle East ("AME") consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well, but at a much lower drilling cost (c. $0.66 million gross versus c. $4.12 million gross) and with a shorter time to execution and delivery.

Pinarova-1 will, therefore, be designed to test if light oil is present in commercially viable saturations and quantities within the Hoya and, if successful, will be completed as a pumped oil production well. If successful, Pinarova-1 would likely be followed by a Pinarova-2 well and/or a Basur-4 appraisal well drilled from a new site west of Basur-1 

Preparations underway!!!

https://twitter.com/UKOGlistedonAIM/status/1643965535548239872/photo/1

Rns Confirmation Tuesday the drill bit's turning by the looks of it.... Gla holders....all eyes on Pinarova-1....massive UPSIDE if it's a gusher and the opposite if it ain't....but how exciting for those invested not averse to risk, especially with HH farmin and Loxley in the wings...On and UP!!! :-)

Lol.....they know what they're doing numptie.

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ABOUT US

Aladdin Middle East Ltd. ("AME") is an independent American oil and gas exploration and production company founded in 1961 and focused on the strategic exploration and exploitation of oil and gas assets in Turkey. AME’s head office is in Wichita, Kansas, while the company's operational headquarters is located in Ankara, Turkey. Additional field offices are located at the operating sites for AME's production leases.

Today, the company holds a balanced portfolio of exploration and production assets that have short, medium and long term potential with over 300,000 hectares of onshore exploration and production licenses and leases in the Southeast Turkey Basin (North Arabian Shield).

AME has been a pivotal E & P company in the development of Turkey’s upstream sector. Through AME's efforts many underexplored basins in Turkey have been evaluated, yielding a large amount of technical and geophysical information and significant financial and social benefits for Turkey. AME has helped to bring a large number of American and European energy companies to Turkey as first time investors in the oil and gas sector.

AME is an industry leader in Turkish upstream and is the most senior private player in Turkey, second only to TPAO, the national oil company. AME’s success is a credit to our superior staff of professionals whose dedication, knowledge and skill allow AME to find new and innovative ways to develop value for our partners and investors.

AME is committed to respecting the environment, maintaining safety and upholding high standards of social responsibility throughout the company's operations. AME's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver superior results.

The Future of Aladdin Middle East

Going forward, we aim to build upon past success, acquiring more leases, drilling more wells, producing in larger quantities and adding value for our investors. AME is striving to be an integral part of what we believe to be a transformative moment in Turkey’s oil and gas industry as new techniques and a reinvigorated desire for exploration help to unleash Turkey’s full hydrocarbon potential. The company aims to expand in the near abroad. As a part of this process we will continue to add to our assets and infrastructure and hopefully, one day soon, take the step of becoming a publicly traded company.

Rns Confirmation Tuesday the drill bit's turning by the looks of it.... Gla holders....all eyes on Pinarova-1....massive UPSIDE if it's a gusher and the opposite if it ain't....but how exciting for those invested not averse to risk, especially with HH farmin and Loxley in the wings...On and UP!!! :-)

Lol ....who cares if they're in profit or not, the vast majority of Aim shares aren't, but pi's can still make significant returns if they're not averse to risk....Ukog's prospects at Loxley and HH look very encouraging in the coming months, and gas flowing at Loxley would propel Ukog into significant profit...in the meantime, the spudding of Pinarova-1 is imminent....obviously high risk like another well that's drilled regardless of who the operator is or how much data they may have, and obviously very high reward for a minnow like Ukog if they find enough oil deemed commercial....and so on balance I'm more than happy to revisit Ukog and accumulate shares on the cheap which I have been doing since last week....given the potential upside from HH farmin, Loxley final approval and their imminent prospective transformational drill. Gl :-)

Plenty of UPSIDE potential on several fronts from this lowly low, HH farmin, Loxley Gas approval which will be an absolute game changer, but near term ( imminently ) the drilling of Pinarova-1 with its transformational prospective potential. Gla holders....they're not going to like it!!! ;-)

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that construction of Pinarova-1's drilling pad and access road has now been completed. Drilling to a total depth of around 500-550 metres below surface is now expected to commence in the first half of April 2023 following drilling rig mobilisation.

Time to Break the Deadlock on TotalEnergies’ Offshore Gas Deal (By NJ Ayuk)

Africa Press Release

29 March 2023 • 

https://www.google.com/amp/s/www.zawya.com/en/press-release/africa-press-releases/time-to-break-the-deadlock-on-totalenergies-offshore-gas-deal-by-nj-ayuk-jzimq2op%3famp=1

........

Sooner or later a Major will come knocking for Tower's Namibian offshore acerage and when SA Government finally gives TotalEnergies approval for development and production of their two mega gas discoveries that straddle Tower's SA acerage, then the value and Major JV interest on Tower's acerage will rise exponentially.....Gla holders:-)

Ps funding news on Cameroon imminent!!! :-)

The Paris-based operator has already identified five specific drilling locations, targeting three prospects — Aurora, Serenade and Harmony — in the northeast of the exploration licence and plans to spud the first probe in late 2023.

Aurora-1 will be drilled in a water depth of 1272 metres, while Serenade-1 will be drilled in 926 metres of water and Harmony-1 in 1030 metres.

It is unclear which two of these three well will be drilled or in which order.

However, given the specifics of the proposed drilling campaign, it would appear that Auroro and Serenade are they preferred targets.

Based on interpretation of 3D seismic data, the operator believes the block may be oil-prone, according to an environmental statement filed with the Namibian government.

Block 2212B is located immediately south of a block that hosts a well — Wingat-1 — drilled in 2013 by now defunct Brazilian company HRT, which established the presence of a working petroleum system and a light oil play.

Adjacent to Tower's Namibia acerage.

Taking flight: Five-well drilling campaign lined up for 2023 in Namibia's Walvis basin

Maurel & Prom plans to spud debut well late next year in about 1000 metres of water

French independent Maurel & Prom (M&P) is gearing up to start a potential five-well drilling campaign offshore Namibia in 2023, as wildcatting fever continues to grip this global exploration hot spot.

Shell and TotalEnergies are also set to begin major appraisal and exploration drilling campaigns next year, chasing upsides to their huge Graff and Venus discoveries in the Orange basin, while other players in the area, such as Chevron and BW Energy are also refining and accelerating drilling and seismic survey plans.

This drilling contagion is also spreading to the Walvis basin to the north where M&P aims to drill two wells in Block 2212B — or Petroleum Exploration Licence 44 — with three or more probes to follow, depending on initial results.

The environmental report field by M&P described the Walvis basin as “appealing” from an exploration point of view, the environmental filing added: “The likely presence of petroleum systems and potential hydrocarbon occurrences within… PEL 44 cannot be under-estimated, hence the reason M&P is proposing to drill multiple wells.”

https://www.upstreamonline.com/exclusive/taking-flight-five-well-drilling-campaign-lined-up-for-2023-in-namibias-walvis-basin/2-1-1365844

amibia International Energy Conference (NIEC) 2023 to Consolidate Namibia’s Position as the Energy Investment Destination of Choice in 2023 and Beyond

March 28, 2023

Three major oil and gas discoveries, billions of dollars-worth of green hydrogen projects launched and a suite of multi-industry project developments represent some of the defining features of Namibia’s energy sector over the past year. With these achievements, newfound growth across the market has been triggered as players flock to the country in the hopes of mirroring the success already seen. Eager to maintain this growth momentum, the fifth edition of the Namibia International Energy Conference (NIEC) (www.NIEConference.com) will once again unite policymakers, industry heads, global investors and energy experts for three days of dialogue, serving as the premier forum where new deals can be signed and best practices shared.

Following on from four successful editions that preceded it, this year’s edition of NIEC takes place under the theme, ‘Shaping the Future of Energy Towards Value Creation’ in Windhoekon April 25-27. Leading discussions will be regional energy ministers including Hon. Tom Alweendo, Minister of Mines and Energy of Namibia – who will be opening the conference with a keynote address; Hon. Kornelia Shilunga, Deputy Minister of Mines and Energy, Namibia; H.E. Jose Barroso, Secretary of State for Oil and Gas, Angola; H.E Dr. Omar Farouk Ibrahim, Secretary General, African Petroleum Producers Organization; and H.E. Antonio Oburu Ondo, Minister of Mines and Hydrocarbons, Equatorial Guinea, among other high-level executives from the African Energy Chamber, Namibia’s Ministry of Mines and Energy and the National Petroleum Corporation (NAMCOR), Shell, Chevron and Rand Merchant Bank.

https://www.zawya.com/en/press-release/africa-press-releases/namibia-international-energy-conference-niec-2023-to-consolidate-namibias-position-as-the-energy-investment-if0qxpto

Energy Capital & Power Launches Research for Official Namibia Energy and Mineral Resources Investment Report

March 28, 2023

Energy Capital & Power proudly announces that, in partnership with the Ministry of Mines and Energy of the Republic of Namibia, it will publish Namibia’s official investment report for the energy and mineral resources sectors. Research and interviews for the project start immediately.

Namibia has become one of Africa’s most exciting upstream plays, with two major oil and gas discoveries – Venus and Graff-1 in the Orange Basin – made last year by global energy majors Shell, TotalEnergies and Qatar Energy.

Since these finds, the country has seen widespread interest by a suite of regional and global players, with the government putting in place a clear action plan to generate new investment and create a globally competitive energy market in Namibia.

https://energycapitalpower.com/ecp-research-namibia-energy-mineral-investment-report/

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Technip Energies Consolidates Namibia & rsquo;s Diverse Energy Mix with Multi-Project Developments Following a series of successful project developments in Mozambique and Senegal, the French-based engineering and technology company is reaffirming its commitment to Africa & rsquo;s energy future with a myriad of developments in Namibia

Namibia is set to witness unprecedented growth across the oil, gas and renewable energy industries owing to sizeable oil and gas discoveries made in 2022 and 2023 as well as significant potential for green hydrogen. 

https://worldoil.com/news/2023/3/27/technip-energies-consolidates-namibia-s-diverse-energy-mix-with-multi-project-developments/