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Hmmm,
'soon' - don't hold your breath trish. Could be anytime from tomorrow to Xmas 2025 in over 2 years time = 'soon', though I'm sure it won't be that long as everything happens so fast in Turkey.
We've seen that word used plenty of times on here by Adrian in his dozens of accounts - but of course those posts are gone, but then there's always twitter:-
'Adrian The Fool on The Hill@davethedrill1
Feb 7, 2023
#UKOG Am expecting news of a farm out soon at #Loxley. #Igas is the word on the street
Fairly recent, nearly 10 months
Adrian The Fool on The Hill@davethedrill1
Feb 1, 2022
#UKOG looks like Pingo and his Green scum bags are up to their deramping BS again on
@LondonSouthEast this evening. Scum bags. 100 bopd production figures from the OGA coming very soon. Production will be double September imo'
Over 100bopd 'coming soon', highest average OGA / NSTA figure since then was 63bopd (not double) in October 2021 after the September shut in, not to mention Adrian's fantasy tales about other posters - 'Pingo and his green scumbags' - and he wonders why he's not liked........
'Adrian The Fool on The Hill@davethedrill1
Sep 20, 2021
#UKOG Morning all. I just got banned again for predicting this RNS. Shame on you @LindionSouthEast Viva UKOG! Water injector soon.'
'soon' - still no water injector more than 2 years later.
As for HH. The Supreme Court's list for next week – no Finch, and according to you that means no news of the PPP farm in, nor the injector that’s been years coming.
Tuesday 5 December 2023
10:30am
Courtroom 1
Nasir (Appellant) v Zavarco (Respondent)
Lord Hodge, Lord Hamblen, Lord Leggatt, Lord Stephens, Lady Rose
Wednesday 6 December 2023
10:30am
Courtroom 1
R (on the application of AM (Belarus)) (Respondent) v Secretary of State for the Home Department (Appellant)
Lord Lloyd-Jones, Lord Sales, Lord Hamblen, Lord Stephens, Lady Simler
Thursday 7 December 2023
10:30am
Courtroom 1
R (on the application of AM (Belarus)) (Respondent) v Secretary of State for the Home Department (Appellant)
Lord Lloyd-Jones, Lord Sales, Lord Hamblen, Lord Stephens, Lady Simler
So Adrian, which will come first - Perforating Guns or Supreme Court decision, and will either be before 2024 - 2 more weeks of court sittings before they break up.
The question wasn't criticise someone else's estimate of when the guns will be on site, it was when will there be sign off - good question.
I don't know how complex it might be considering the site is within the 'Kurdish' part of Turkey, but as you're so critical of another's estimate, presumably because of your extensive knowledge of Turkish regulations regarding the transport of explosives, perhaps you can enlighten us as to your estimate of when sign off and then arrival of the perforating guns will happen at the Pinarova site?
Of course you won't be here when the guns do arrive.
The Supreme Court list for next week:-
Tuesday 5 December 2023
10:30am
Courtroom 1
Nasir (Appellant) v Zavarco (Respondent)
Lord Hodge, Lord Hamblen, Lord Leggatt, Lord Stephens, Lady Rose
Wednesday 6 December 2023
10:30am
Courtroom 1
R (on the application of AM (Belarus)) (Respondent) v Secretary of State for the Home Department (Appellant)
Lord Lloyd-Jones, Lord Sales, Lord Hamblen, Lord Stephens, Lady Simler
Thursday 7 December 2023
10:30am
Courtroom 1
R (on the application of AM (Belarus)) (Respondent) v Secretary of State for the Home Department (Appellant)
Lord Lloyd-Jones, Lord Sales, Lord Hamblen, Lord Stephens, Lady Simler
Just hearings next week. Maybe UKOG can get the perforating gun paperwork sorted and finally get round to findng out if the first Pinarova test was invalid or not - perhaps it's time for another tweet about the Portland gas storage project.
Looks like pboo's turned up to help out - That's so sweet.............such loyalty to Adrian who'll turn on you just because he disagrees with you.
Saying things backwards is nothing new for you.
But while you're here perhaps you can explain why you were happy to repeat the Weald Action Group's ridiculous claim, as if it was true, that Horse Hill would produce 452 tonnes of oil every day for 20 years but conversely also argued that the precipitous decline seen in HH-1 was 'normal' when it is far from it. UKOG were quite clear in the planning application that the export of oil would decline.
You also keep coming back here to repeat your claim that UKOG haven't drilled for 4 years because of the legal callenge yet you also claim that when a well is drilled it will be a gusher - so would rapidly recover drill costs and generate good cashflow even if a few years later the planning permission was found to be 'unlawful' - UKOG could string out appeals, and chances are the law would be changed.
More telling is that in the highly likely event the challenge to the HH planning permission is defeated even then UKOG aren't drilling - unusually they've farmed out (well they hope they have) an appraisal well for 49% of the licence, suggesting it's in fact risky, for £4.6mm which is probably not enough to pay 100% of a 3D and HH-3 - and the need for 3D first suggesting there's structural risk as well as risk of high water ingress as seen in HH-1 and HH-2z.
As for Pinarova presumably you're hoping, like ocelot and insidious, for a P&D on news of the perforating guns arriving on site, arriving in Istanbul didn't cause much if any interest though.
The next news will be the results of the test. The swab test of the Hoya, where they had oil shows in the section below the Germik, failed to recover any oil. Nobody has any idea what UKOG are hoping for from this test, not much, maybe another sample - with only a smell of oil while drilling, and emulsion being displaced from the well when the casing was set after drilling, but no shows whilst drilling nor any mention of either the smell or emulsion as being associated with the Germik until the well reached TD with no success.
Yet you go on about successful wells elsewhere in different formations as if it's relevant to this test. UKOG hasn't mentioned if the oil was from the same source as E Sadak (or not) despite it being an objective of the oils geochem work.
Insidious,
Is the 'good' news, you're presumably hoping to sell on, the arrival of the perforating gun at the site - maybe not waiting for the test to be successful as UKOG didn't consider the 'strong oil odour' was even worth mentioning at the time - and instead tweeted a picture of the oil that returned to surface (without saying where in the well it came from) when they announced the swab test that was performed in the Hoya following 'proper' oil shows - though that failed to recover any oil, and TD logging presumably showed zero pay to test.
With UKOG it certainly is never too late to jump on board and be a part of this fantastic journey as since 2018 every time it leaves the station it breaks down, the rampers jump off and then it's towed back.
Then there's still £1,500,000 of CLN's outstanding - despite Adrian (as his last avatar) suggesting YA & Riverfort have somehow dumped £20,000 worth of shares every day since before the loan was announced inJune - mind you he was happy to repeat a claim by the Weald Action Group that UKOG were going to produce over 3,000bopd for 20 years as if it was true.
You posted:-
'JimSnicker
Posts: 23
Price: 0.025
No Opinion
RE: Oil experts 🤣how many bopd is 3.3 million tons of crude over 20 uears? Today 00:18
Penguins.
So you are calling Sarah Finches partners liars.
The figure comes from The Weald Action Group.
And you call Sanderson and UKOG liars. And Adrian and any body else who says things you dont agree with. You need tobget some help imo. You are losing it.'
Not sure who is 'losing it' - but I don't believe the Weald Action Group are stupid and the numbers listed below are from the planning application for the maximum number of HGV movements per day and how long each period of that number of HGVs would last at Horse Hill. As UKOG are currently running about 3 tankers a week, including water tankers, after about 44 months of production (this chart 8 a day) it just shows how ridiculous this chart is.
However what the Weald Action Group (WAG) seem to have done is ignored any decline (just like rampers have in the past - now your're all over it!) and calculate 16 x about 200bbls per tanker ignoring days of no tankers (sundays and BH) and calculated tonnes from that - which equals about 3,200bopd or about your 452 tonnes per day.
To me deliberately ignoring what's in the planning application they're disputing is lying.
In fact even using these numbers and not declining the number of tankers each period and not allowing for no Sundays or bank holidays or shut downs for maintenance results in 35,520 tankers, of course even that's wrong but it's an impossible maximum ignoring how decline happens. Whereas it looks like the WAG has taken 16 tankers x 20 years x 365=nearly 117,000 tankers.
Here's your calculation 'The self proclaim oil idiots . Sorry experts . Dont want to tell me the awnser. So i will give it instead.450 tons times 7 barells is 3150 BOPD.'
Strangely close to 16 tankers every day for 20 years - funny only recently you were claiming the horrendous decline at HH was 'normal' - who's the 'oil idiots'?
From the planning permission documentation, Transport Statement, page 8, HGV movements (in and out per day):-
4 Months 16 HGV
24 Months 12 HGV
48 Months 8 HGV
60 Months 4 HGV
104 Months 2 HGV
I see you've gone again - maybe next time you're here you can explain why you support figures from what you call 'green activists' that are so ridiculous and make you mind up as to whether decline happens or not at Horse Hill - UKOG do even if they got the speed of it completely wrong.
Still believe that one person has stopped UKOG drilling wells to produce loads of oil, the sort of amounts I assume you're dreaming of would rapidly repay the cost of drilling.
Much more likely UKOG didn't want to drill - even after they win in the Supreme Court they don't want to drill - luckily DL has turned up to super ramp any drilling.
HH hasn't been flowing all the time since 2016. A few hours in 2016, then 2018/19 intermittently during the ewt, then in 2020 it started production at more than 300bopd. By the end of the year it was producing an average of about 100bopd. You don't seem to understand that that's not normal decline for a decent clastic reservoir. Starting at 250bopd the worst case in the 2018 CPR would have meant 100bopd after year 3 (not after 6 months) based in part on a review of analogue wells and fields as the 2016 testing was only a few hours.
I keep telling you that these protest groups are using the highest figures to scare locals into being nimbys, and get greens to protest.
The figures the protest groups are qoting are from the planning application created in 2019 after minimal testing and assumed wells would produce up to 1000 bopd with gradual decline.
The reality is that following testing and production UKOG didn't deepen HH-2 to log the Kimmeridge, didn't sidetrack into or dual complete HH-1, and very soon after production started purchased minimal equipment used for testing to continue production of the Portland.
As I posted earlier UKOG have avoided publishing a CPR and they've not published any predictions for production from HH despite generating a decline curve - but they have put an NPV value on HH-1 production based on the decline curve - and that's £800,000 - seems they've lowered their expectations since 2019.
You have no idea of the background of posters.
But the expertise of the professionals at UKOG is probably on par with FTSE100 companies, posibly they have already worked in one, the difference is the quality of acreage the company can obtain, and the spread of risk.
An 'operator' like DL probably saw the opportunity to promote the Kimmeridge knowing there would be oil shows minimum once the Sherwood was a fail in HH-1. The original testing program didn't expect flow from the Kimmeridge or significant flow from the Portland. The flow from both was probably a surprise and possibly both attributable to more fracturing than usually seen - which may bring good initial flow rates but significant and rapid decline - but once the genie was out of the bottle UKOG weren't going to issue anything negative - leave it to posters and tweeters to extrapolate the chosen extracts of reports and flow rates to extrapolate. Why no CPR since the atart of the ewt.
Doesn't mean that the professionals in UKOG weren't aware of any of the realistic outcomes suggested by 'experts' on this board - just that the company keeps choosing to RNS the most positive or advantageous 'interpretation' or as you put it 'investigating the signa.
Anybody can express an opinion here, just some are more likely.to be right than those that try and denigrate experts, and as vernonya points out anyone claiming every well will be successful is already ignoring the odds.
Ocelot,
I suspect most Angus investors would prefer Angus to drill another well at Saltfleetby a field that definitely exists, than waste money bailing out UKOG's pre planned farm out of Loxley that's been available for about 17 months.
BP,
But the #1 apologist for UKOG would like everyone to believe that UKOG hasn't drilled more wells at HH because of the challenge by one 'greenie' to the planning permission that has remained in full force since Septembe 2019 when it was granted.
The return on the claimed (though unrealistic) minimum 720 bopd per horizontal well would in 3 years have been easily £10,000,000 per year income at $60 oil (like the rampers I've ignored decline) - and the challenge has shown how easy it is to 'game' the system and stretch out the legal manoeuvres - even losing UKOG could probably continue producing for 3 more years before every avenue for appeal had been tried, then maybe apply retrospectively for planning permission putting the onus on SCC to assess the wider implications which could take more years..........
The planning application and those wonderful flow rates were a result of the early days of the ewt, maybe after the ewt there was a more realistic understanding of the Portland and Kimmeridge that they didn't bother to mention to 'investors'. The water influx was just the final nail in the coffin - or was that also anticipated, it always was a possibility with a fractured reservoir.
Hence no more wells, no development of the Kimmeridge, and now farming out 49% that UKOG paid £300,000 plus per percent for (Tellurian's 35% was priced at 342,000 per percent) for less than £100,000 per percent to PPP.
King Midas in reverse....
And Adrian I don't hope Pinarova, or any well will fail, it has failed already in terms of its objectives. The test of the Germik was conjured up when all else failed and I don't expect it to be successful partly because of that and also because the first test may not be invalid.
UKOG originally tried to pass off the emulsion now claimed to be from the Germik (how can they be sure where it was from as it was displaced by the casing being set) as being associated with the Hoya interval, that was below the casing point, that they were going to swab test and then had to use it to support the Germik testing - caught in a blatant attempt at deception - even DL (who you thought knew what was going on) was fooled.
You posted:-
'Adrian Adrian Adrian. So that if i reply to you . You can all get on to admin and say it must be him he is replying to the name. FFKS get a life and let some real investors speak for a change. I does make you all look a bit scared btw :)'
A permanently banned poster who is a trader, not an investor, setting up 2 or 3 accounts in a day looks desperate.
It's easy, just lie and say you're not Adrian, you've done it before - does that help, after all it isn't just that you set the sunmoon account up today and waited until after 5 o'clock to go full Adrian that gives the game away.
You posted:-
'Its ridiculous to accuse Alladin and UKOG of just drilling a well for no goid reason than to get paid'
Pinarova was drilled for a very good reason – it was cheap. According to AME the cost is carried by UKOG who probably wanted to drill because nothing else would have happened in their licences this year and they needed news. The tale of shothole oil and the amplitude anomaly kept the Resan licence dream going. AME were planning to shoot some seismic to the north of the licence in 2023 which isn’t as glamorous as drilling. Did they hope that the Kezer well ‘oil shows’ and flow of water with an oil cut might be repeated only 400 metres away at Pinarova, and they could mess around with testing and maybe even get an oil flow figure, however pathetic. Of course the carrot of a deeper accumulation has been emphasised as a back up after failure.
The possibility that the small guns failed to penetrate the casing was a chance to spin out Pinarova.
You posted:-
'Its a good move while UKOG awaited planning appeals on Loxley and Horsehill'
UKOG entered Turkey because the scale of HH-1 water ingress and continued decline was about to be revealed by OGA production figures, HH-2z being overwhelmed by water had already been revealed in the interims at the end of June, though they were still talking about possibilities other than just using it for injection. Without the Basur distraction (deception?) the SP would probably have collapsed.
As for you having a ‘good feeling’, how many times have those good feelings turned sour as even HH hasn't been anything like as successful as you've hoped.
Adrian,
No doubt there's been forward selling, but they were given 1.3 billion shares straight away, though UKOG failed to update the number of shares in issue then, and failed to inform the market of the conversion price when they were converted.
They're not the only seller, and sells ultimately are matched by buys. Most days they've probably not been able to sell more than about 20 million shares, and some days much less with the odd 50 to 100million day when there was news and/or P&D attempt - and as time went on that represented less and less cash 'converted'.
I reckon 21 July represented the start of selling - with the conversion price of 0.0505p for the 1.3 billion shares agreed around 1 August.
Since then about 93 trading days - about 30 days less than about 60mm trades so no YA / Riverfort sells, 6 days they might have managed about 75 million and 57 days of maybe up to around 30 million, say average about 20 million - that's about 1.5 billion shares sold - near enough the 1.3 billion of the first tranche of equity shares. Even if they managed to shift double that (which I doubt possible) and cleared both tranches of equity shares they would still have £1,500,000 worth of convertible loan notes to convert, even at 0.03p that's 5 billion shares - and that's without the 4.5% add on, the warrants (which will be at a higher price) and the £500,000 due February.
If you disagree perhaps you'd better trawl through every day's trades and add up the 'possible' YA / Riverfort 'sells'. I don't believe they've averaged selling an average of 50 million every day (average price say 0.04p selling £20,000 worth)
But your question was how many left to sell - and that's billions and billions....
Insidious,
Thanks for the tip - will you be selling before the results of the perforating though?
Adrian, you postd:-
'How much have YA left ?'
Loads - billions and billions - but it's presumably Riverfort and YA.
But the RNS is not entirely clear - they said the first and second tranches of the equity shares have been 'delivered' and the first tranche (1,300,000,000 shares) was converted at 0.0504p. But although 'delivered' the second tranche of equity shares seem not to be converted (1,424,487,652 shares) as UKOG haven't mentioned a price.
So there seem to be 1,424,487,652 shares yet to be converted, plus whatever's then left of the £2,000,000 still to be converted, plus £500,000 worth of loan delivered before 17 November.
Assuming a conversion of the second tranche of the equity shares happens at 0.026p there's about £1,500,000 worth of shares plus the 1,424,487,652 second tranche of equity shares that, assuming there isn't a CLN RNS about to be released.
Could easily eventually be (with the February £500,000 added to the loan plus the 4.5% added to the loan for each conversion plus the 33% extra warrants) at least another 11 billion shares issued unless the SP rises
I suppose if number of accounts on LSE is equivalent to the number of times someone has got something wrong (don't know if that's true for BP though) you would win with dozens of accounts - and dozens of times your predictions have been wrong.
Ocelot,
is anyone fooled by the designation of 'assets' of any company, especially UKOG. Most of UKOG's asset value is what they've spent on things that so far haven't been proved to be valueless.
There are 3 real assets - HH-1 production, Horndean production and Avington production assuming it is now producing. The sum total of UKOG's share of thesein August was less than 70bopd - Avington was still not producing. The NPV value of HH-1 is according to UKOG £0.8mm, and the total of oil and gas properties in the 2022 Annual report as at 30 September was £3.8mm, of which more than half, £2mm, was property, plant and equipment plus decommissioning asset(?).
The 'value' of Loxl 'in theory' assumes it's successful to the extent of calculated gas in place being there and it being recovered to the extent estimated, this is what RPS said about risk:-
'Although it will be designed and drilled as potential production well, it will still have an element of appraisal as it must first prove commercial flowrates are achievable which will depend on the height of the gas column and reservoir properties encountered. For this reason, the recoverable volumes predicted in this report are classified as Contingent Resources, Development Pending in accordance with the PRMS'
The report gives first gas as Q2 2026, however there are assumptions that a lot of preparatory work is performed pre-drill, and assumes drilling starts early 2024. Whilst UKOG have stated the site work, even without a farminee, would commence H2 2023 they are still addressing the planning permission conditions, these need to be approved before any 'spades hit the ground'.
Even if successful anyone who has followed Saltfleetby will be aware that Angus have contrived by a series of poor decisions (in hindsight) to make this 'revived' field virtually valueless at the moment - saddling the asset with a cheap hedge coupled with late first production and usury loans - all of which have lead to massive profits elsewhere. Can anybody not see UKOG making exactly the same poor decisions that favours others, not pi?
An awful lot.
Adrian/ clover
lucky for you you're oblivious to how ridiculous your claim that a field 40kms away means that Pinarova 'is in an oil rich area'.
Forties oil field is big - but 90 sq kms means it's about 6miles x 8miles.
Even if the source at Pinarova was the same you need a trap that's not breached, a reservoir - and the source maturity and migration timing needs to work.
UKOG hasn't shown a structure map of Pinarova presumably because the Hoya trap was not structural and was the extent of the amplitude anomaly - a stratigraphic trap (look that up in wikipedia), so it's quite possible there's no strutural closure at the Pinarova location.
As for reservoir the Germik and the Hoya weren't recognised as reservoirs in SE Turkey - see diagram page 8 of 'Turkey Resan Licence Overview July 2020' (though dated 10/12/20) - so no other field is producing from it - and in the AME 2022 annual report:- 'The only exception will be testing the Resan shallow accumulation. Not only will these wells be quick and cheap the costs are carried by our JV partners and if successful would be a first in the region.' - the Resan shallow accumulation........would be the first in the region. Perhaps explains why they're not sure the test wasn't valid.
Very nice wiki extract about the Kimmeridge but it's primarily a source rock.
So you've bought some more UKOG shares - but you were also 'in' at 0.0329p. As for HH 'pumping 1000's of barrels a day' - why are UKOG giving away 49% of that for a carry of £4.6mm? Probably because of the Portland water risk with HH-2z overwhelmed by water ingress from fractures and HH-1 production declining considerably and fast before water ingress then rapidly increased. Of course the new 3D which PPP said would cost £350,000 - but not in the RNS version of the 2023 Annual Report - needs to confirm the strange contouring between seismic control of the Horse Hill structural culmination, the target of HH-3.....as for the Kimmeridge - UKOG didn't deepen HH-2 to log it, didn't sidetrack HH-1z, and didn't dual complete HH-1 - actions speak louder than words - and of course UKOG never mentioned, beyond a footnote to the resources table in the recent annual reports, the June 2019 RPS Report that had 1.5mmbbls 2C resources for Kimmeridge at HH.
Funny that doubting UKOG would be successful has so far been the sensible option.
Yes - just your account name changes......same rubbish, same claiming everyone you disagree with is a greenie or nimby - when it should be 'right'.
Funny thing is you get banned (again and again) not your opinions but because you've had a permanent ban for your posting here, after 3 warnings was it? How silly was that? - as for cancel culture you keep asking admin (from twitter, where you regularly also insult admin) to ban posters because you disagree with them.
Free speech Adrian style - as long as you agree with it.......
Maybe insulting LSE admin on X isn't the smartest move?
The oil isn't even seeping out of three shotholes, two of which were drilled adjacent to the fiirst after the initial discovery which had to be bailed out:-
'Oil was initially recovered on successive days from a sandstone layer at approximately 4m from surface using a bailer on a cable. Two new drill holes located 8m to the east and west were completed several days later and also recovered light oil to surface from the same depth'
Seeping into the shot holes might be a better description.
As for flow rates of fields in Turkey, even UKOG tried that one with E Sadak - the actual 'lookalike' field next door - in the same play, with the Basur-Resan feature along strike of the same thrust feature. The only flow rate they gave for E Sadak was this:-
'Wells on East Sadak have flowed at 1,300 bopd from naturally fractured and dolomitized Cretaceous Mardin limestones'
Yet scout reports showed that whilst initial test rates might be high (like for example HH-1) the reality of production flow rates were considerably less and field production figures rapidly dropped off. They also tried to pass off AME's reserve number for E Sadak of 28mmbbls, calculated by AME, who in later annual reports admitted they weren't to SPE standard.
UKOG also tried to draw parallels with fields in Kurdistan - that got many excited - a good illustration of the difference between being in the play fairway (Kurdistan fields) and on the periphery - E Sadak, and then maybe 20 kms further on - Basur.
AME had previously stated they were planning to bring reserve figures up to SPE standards and in the 2022 AME Annual Report the reserves for E Sadak, the lookalike to the transformational Basur-Resan opportunity, dropped to 0.5mmbbls and production from 8 to 10 wells 250bopd.
Looks like UKOG were desperate to keep the dream alive and something, anything else to drill after Basur-3 - hence Pinarova which according to AME was being funded by UKOG (also in the 2022 annual report) - 'The only exception will be testing the Resan shallow accumulation. Not only will these wells be quick and cheap the costs are carried by our JV partners and if successful would be a first in the region.'
Perhaps indicating what AME considered the chance of success - and so far, with the Hoya turning out to be a dud, and the perseverance by UKOG to test a formation not recognised as a reservoir and possibly already tested - that view looks correct.
Is the whole Pinarova episode a long shot distraction for 18 months while UKOG avoided / couldn't afford to do anything in the UK without a significant raise. The possibility the small guns might not have penetrated the casing UKOG's lucky break to extend the dream?
Go on deny you're Adrian / davethedrill1.
or what's this rubbish about:-
'Well instead of boring us all on with your trolling of adrian anonymously. Go talk to him on twitter where he can see who you are'
As for Pinarove here's something else they didn't do:-
'Consequently, in order to evaluate the oil shows more fully, after the primary target has been drilled and 550 metre total depth reached, it is planned to run electric logs to identify oil pay, followed by cemented 7" casing.'
Funny that they were going to wait for final logs - but had decided to not run the 7" casing so that they had decided before the final logs they weren't going to run definitive conventional selective cased hole tests, where any discrete identified oil zones can be perforated and isolated from any water bearing intervals.
They're doing a test in the 9 5/8 casing - nothing to do with the plans in that RNS,
I'm talking to you here (what's the BS with 'Man up and talk to Adrian on twitter you coward').
the point is that you have often claimed how those that are realistic about the outcomes won't be happy when they are successful but in reality UKOG have never had an outcome anywhere near their stated 'expectations', though as I've posted previously they do only do PR - you totally misunderstand the difference between your devotion to UKOG when it suits, and a dispassionate opinion about the projects.
Also you're not an investor as you keep claiming - you're a trader, or a liar about when you're holding, or not.
AS for: 'Pingo the swab results were not a failure. Stop lying. They were inconclusive either way big bird.'
That's what UKOG said - but they didn't recover any oil - then when they reached TD they gave some BS about waiting for 'final' log analysis to identify what they would have already known - no pay. If there was they could have done an open hole test straight away based on the initial analysis - which is what would normally happen. Not sure no oil, do nothing is anything but a failure.
and they've not even mentioned the primary Hoya amplitude anomaly target since TD - I suppose that was 'inconclusive' as well.
Sounding a bit rattled now, even trish is having to put in a shift.