Member Info for ocelot

Lots of red trades at 0.11p, looks as if somebody was standing in and mopping up stock at that price.

Appreciate DL's efforts to shine a light on UKOG.

But it's Nicholas Mardon Taylor's comment cited in my post of 13:53 I find intriguing: he does sound confident.

David Lenigas tweet of yesterday:

I’m getting a warm and fuzzy feeling about Steve Sanderson’s
@UKOGlistedonAIM
oil well they are drilling in a Turkey right now. Roll on the drill bit. #oil #UKOG
11:35 pm · 10 Apr 2023 from Monaco·1,785 Views

"Many of the world's original oil fields were found by drilling beneath oil seeps so it's interesting to see that such opportunities still exist if capable people scratch away hard and long enough".

From the Chairman's statement of the Annual Accounts RNS of 31/03.

"... Higher grade mines with an axiomatic lower capital intensity are positioned to receive super returns on capital already employed.

Higher grade mines will also be rewarded for lower costs of production as higher cost production is added ...".

Extract from "A supply side view of Tesla's Master Plan 3 for Graphite" tweeted by GROC yesterday.

Europe’s natural gas market is showing signs of lingering concern over next winter’s fuel supplies, even as immediate frictions ease.

While near-term contracts have fluctuated as the weather turns warmer, December futures — the most expensive contracts for the rest of the year — have gained about 9% over the past two weeks.

That shows worries over Europe’s second winter without normal flows from former top supplier, Russia, have yet to disappear. High stockpiles and muted demand are keeping a lid on prompt prices for now. But traders are closely watching a potential rebound in rival Asian markets, as well as the possibility of higher fuel usage in power generation and the industrial sector ...

https://www.bloomberg.com/news/articles/2023-04-11/europe-gas-slides-as-forecasts-point-to-warmer-windier-weather?srnd=premium-europe&sref=Em01M8Hr

Q1 24 currently 152.6p v 103.5p for the front month.

Europe’s natural gas market is showing signs of lingering concern over next winter’s fuel supplies, even as immediate frictions ease.

While near-term contracts have fluctuated as the weather turns warmer, December futures — the most expensive contracts for the rest of the year — have gained about 9% over the past two weeks.

That shows worries over Europe’s second winter without normal flows from former top supplier, Russia, have yet to disappear. High stockpiles and muted demand are keeping a lid on prompt prices for now. But traders are closely watching a potential rebound in rival Asian markets, as well as the possibility of higher fuel usage in power generation and the industrial sector ...

https://www.bloomberg.com/news/articles/2023-04-11/europe-gas-slides-as-forecasts-point-to-warmer-windier-weather?srnd=premium-europe&sref=Em01M8Hr

Seen it before, money coming out of 88E and going straight into another AIM-listed O&G stock.

9th biggest percentage gainer at present

Lively start to the session: 12.5m shares traded.

The Company is in the process of compiling responses to these EPSL (European Protected Species licence) queries, including generating some further limited baseline data, with the aim of reverting to NRW with full responses within the next two weeks or so. (RNS of 27/03).

What we could receive quite soon is confirmation of the submission of the data requested by NRW.

There can be little doubt that SS would like to have some positive news from Pinarova-1 ahead of the AGM.

"Accusation of wanting UKOG to fail - tick"

So, as a continuing shareholder, you want UKOG to succeed, ZYX098?

Glad to hear it.

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. (RNS of 31/03)

In fact, drilling commenced in the first half of the first half of April, on Good Friday, the 7th - that is obviously good news.

The tweet of Good Friday announcing the commencement of drilling has now been seen 6,392 times - that, too, is good news, showing that many more PIs are following developments at UKOG than a reading of this board would suggest.

Offshore Energies figures are alarming in the extreme, not just for those working in the offshore industry but also for the UK's energy security.

According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade unless the government can attract greater investment to the sector. While environmental groups are praising the drop in funding, energy experts are concerned about what this means for the U.K.’s energy security, with some suggesting it may have to rely on foreign fossil fuels to meet its needs.

Offshore Energies found that 90 percent of offshore firms had reduced their spending in the North Sea, amounting to billions in total. It determined that the lower level of investment could result in a decrease in production of 80 percent by 2030, equivalent to 500 million fewer barrels of oil if the government cannot attract more funding to the waters. This could lead the U.K. to rely on imports of oil and natural gas ...

https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-Production-Could-Fall-By-80-By-2030.html

thanks to haggismchaggis1 on the UJO board

According to the industry body Offshore Energies UK, investments in the North Sea have dipped significantly. This could result in much lower oil production by the end of the decade unless the government can attract greater investment to the sector. While environmental groups are praising the drop in funding, energy experts are concerned about what this means for the U.K.’s energy security, with some suggesting it may have to rely on foreign fossil fuels to meet its needs.

Offshore Energies found that 90 percent of offshore firms had reduced their spending in the North Sea, amounting to billions in total. It determined that the lower level of investment could result in a decrease in production of 80 percent by 2030, equivalent to 500 million fewer barrels of oil if the government cannot attract more funding to the waters. This could lead the U.K. to rely on imports of oil and natural gas ...

https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-Production-Could-Fall-By-80-By-2030.html

thanks to haggismchaggis1 on the UJO board

Wishing the team involved in Pinarova-1 every success in their endeavours.

938 views, that didn't take long!

They aren't wasting any time!