Member Info for ocelot

When did SS change his nationality?

Some of the negative posters don't seem to have looked at UKOG in years.

The incident occurred after the well had made good progress, reaching a drilled depth immediately above the Garzan and Mardin target objectives, which remain untested.
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All is still to play for, but the results have been delayed.

The Company has had further discussions with West Sussex County Council and has indicated its intention to appeal the WSCC Planning Committee's decision to reject our application for a short well test against the Officers' recommendation to approve. Angus will be making its appeal to the Planning Inspectorate and is presently preparing its statement of case.

from Angus's RNS of this morning:

Balcombe Oil Field - PEDL 244 - 25% interest

The Company has had further discussions with West Sussex County Council and has indicated its intention to appeal the WSCC Planning Committee's decision to reject our application for a short well test against the Officers' recommendation to approve. Angus will be making its appeal to the Planning Inspectorate and is presently preparing its statement of case.

Ibug,

Fair enough, I was pulling your leg.

Further delay, but UKOG investors are accustomed to delays, and the incorporation of the seismic obviously makes sense.

Ibug,

In your post of 06:35, you said it could be "none of the following" - you were spot on!

The market has recently supported the Basur-3 well to the tune of nearly £5.5m

The next step is to see the share price rise in anticipation of the results and the following one, the results themselves.

Possibly, but I think Moneymunch's "approx 7 weeks" may provide quite a good guide.

I do have this memory of SS speaking of 2 months re Basur-3 but it did not register with me what his 2 months specifically referred to.

Natural gas hit £1 today, if this continues to increase will we start production early without the sidetrack to take advantage of this? Asked on 28 July 2021

We will be answering this question in a full RNS pre-market Monday.

... As regards the Geothermal Programme, a great variety of financing structures are being discussed with our funding partners and we have had pleasing expressions of interest from there and beyond – particularly for the development stages of the project. In the meantime our focus now is on reducing the cost of drilling and mitigating the risks around the drilling and building up in-house expertise and intellectual property as well as acquiring sites and interfacing with stakeholders around those specific sites.

AIM Admission in August 2021 to support near-term high growth strategy (under "Experienced, senior management team ..." below):

https://lounge.nrprivatemarket.com/greenroc/

August starts in about 3 hours' time.

Hopefully, much higher, DoneK.

The share has been grossly undervalued by the market for so long, it has a great deal of catching up to do.

Q1 22 closed at 101.050p on Friday:

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5101980

From "The Bloomberg Open" market round-up:

Central bankers' appetite for gold is growing, providing a bright spot for the traditional haven.

What happened: Global reserves expanded 333.2 tons in the first half, 39% higher than the five-year average for the period, according to the World Gold Council.

What's next: If central banks continue to buy at the levels seen recently, it will provide a supportive element for the market, according to Louise Street, an analyst at the council.

We seem to be in agreement, Ibug, on this occasion!

All the negative posts reflect the good liquidity in UKOG's shares and show the extent of retail interest in the share.

https://drillordrop.com/

Certainly hope you're not involved in obtaining the dewatering permit, nookie :-)

What would you do about all the insects they help to control? Mosquitoes, midges, etc.

+ $19.42

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