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You seem to have confused being serially banned for being permanently banned on this site for being banned for your opinions.
Unfortunately your opinions are often about other posters - the more extreme opinions about others were what got you banned in the first place.
You also confuse accurate assessments of the projects and activities for being opinions by 'greens' or 'swampies' rather than knowledgeable posters who explain and justify those opinions - and are often right. Compared to your default justification 'imo' - so often proved wrong.
Continually claiming something will be soon 'imo' and eventually after weeks or months it happens - proves you have no shame - not a sixth sense of upcoming news.
'To attempt to blame delays on UKOG are ridiculous to say the least!'
Because UKOG have always been so good at doing things quickly / to schedule / ever.
Loxley delayed by nimby planners? Are you still confused about the difference between the planning committee - councillors, and the planning department - 'planners'.
If you look at the documentation for HH and Loxley planning applications you'll find that UKOG was submitting documents long after the initial application was submitted. Any delays prior to the committee are due to incomplete documentation - but part of the Autumn statement planning changes (payments by applicants) is to enable councils to employ more planners because the government has slashed local authority budgets. But as I posted earlier the councillors still don't have to give permission even if the planners recommend passing - which is what happened at Loxley.
27/11/2020 RNS:- 'This decision is contrary to the recommendation of the Council officers' report which recommended approval, all issues concerning planning, environmental and highways having been resolved to their professional satisfaction'
You really are looking very desperate - account after account on a site you are permanently banned from.
'Why does Penguins deliberately ignor the fact that new wells at Loxley and Horsehill have been continually delayed by his her Greens legal appeals and or planners unfairly turning applications down.'
All applications for HH have been passed by 'planners' and the committee - and soon after all required documentation submitted. Just one person apparently stopping all progress - really.
Loxley the 'planners' recommended approval - the committee rejected it, twice. Not sure how the new measures would stop that.
But prove it. UKOG has never said the legal challenges have caused delays - and Loxley's challenge ( as you point out) was defeated in July........nothing since except working through the conditions, slowly - even site prep meant to happen H2 this year.
all you need to understand as to why nothing has happened at HH is HH-2z and HH-1 water problems - and more drilling so risky they're happy to hand over 49% for a £4.6mm carry - on an oil field - to shoot 3D and drill a well - which will probably cost more than £4.6mm.
Not even getting on with HH-2z conversion to an injector which ought be an instant 'win' - but may not be if the injection into a fractured and a restricted layer of reasonable reservoir - where the 'lions share' of productiin comes from - tracks back to HH-1.
Erm, Adrian,
you're the one that is saying these projects are of intrest. Thought you might want to demonstrate why?
Did you not notice - the offshore windfarm was rejected by the inspectorate.....
If you're not prepared to make any prediction here's mine.
Loxley - drill H2 2024, result non commercial with gas shows / poor flow rate in poor quality Portland with insufficient height of gas column.
From the CPR 'Risk and Opportunity' section:-
'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'
Portland gas storage - late 2020's before operational (storing gas) assuming it proceeds - with huge upfront costs either UKEn sold off or very minor partner in the project.
I suspect this came up in your google search as well:-
'11th September, 2015. "The Secretary of State does not consider that the Applicant has made a sufficiently robust case for granting development consent."
With these words, the Department for Energy and Climate Change (DECC) rejected the Navitus Bay proposal to build a giant windfarm, the size of Bournemouth, Poole and Christchurch combined, just nine miles off Swanage.
It was a significant victory for campaigners, especially as such a windfarm would have been a Nationally Significant Infrastructure Project (NSIP), meaning that the need for renewable energy is so great that there is generally a policy imperative to grant permission to such projects.
However, the Secretary of State concluded that, "In this case, the potential impacts are of such a scale that they outweigh the policy imperatives."
The rejection letter particularly referred to the deleterious effect the windfarm would have on the setting of the UNESCO World Heritage Site and also, on tourism in Dorset'
Not the local planners........
As for everything else - when are they introducing these new 'rules' which seem more to combat the lack of LA planners (who mostly seem to approve the plans - it's the councillors, even Tory ones, that have rejected UKOG's) - nevrtheless seems most Tory plans are scheduled to be introduced after they lose the next election?
Funnily enough I suspect a Labour SoS would agree it......but you seem to be against wind farms because they don't work when the wind doesn't blow.
Shainie (Adrian),
2 Questions,
1) When will Loxley be operational, exporting gas to the grid if the so called appraisal well is successful, and when will that be drilled? Site preparation was meant to be started 2023 H2 (June 2023 - It is anticipated that site construction will commence in the second half of 2023). I do suggest you have a look at the CPR and understand that the understanding of cross plot that is cited as justification for there being gas in Alfold preserving porosity and permeability and thus the prediction of GWC is flawed but that is probably the reason for the forced contouring providing closure to the east. Whilst UKOG cite it as a feedstock for 'blue' hydrogen investors will be most interested in what (and if / when) it sells for rather than where it goes - which of course isn't controllable once in the network.
2) When will Portland Port be operational? What is the likelihood of the Navitus offshore wind farm (or any other windfarm nearby) being developed since it was refused planning permission by the planning inspectorate in 2015? It was part of the plan to produce 'green' hydrogen at the site.
Experts.
Who drilled Basur-3, in the wrong place. Then shot the seismic.
Presumably wanted to drill the amplitude anomaly at Pinarova - hoping an attribute of greater porosity might have oil in it.
Maybe you didn't notice that the experts at UKOG have so far more or less got everything wrong - or perhaps that should be only ever given positive and unlikely opinions of the likely outcomes.
Whereas there have been plenty of contrary opinions to those of UKOG on this board that have been far closer to the outcomes - and posters who were prepared to justify those opinions.
ZYX,
How will they decide where to test - maybe when the wellsite geologist 'recorded' (remembered?) the oil smell he registered the intensity!
I see a certain person on X is making claims anyone with a negative opinion about the test is worried - personally I can't wait to see what BS UKOG come up with to avoid announcing abject failure. Obviously discussing Pinarova and the testing rather than claiming it will be successful because the guns are big isn't allowed.
Trish,
If only they had been as excited about the oil smell and said the oil returning to surface was when the casing was being set immediately after it had happened in the 18 April RNS rather than after the well had reached TD a couple of weeks later in the 3 May RNS.
and then showed a chink in the certainty that none of the small guns perforations had reached the formation by suggesting that the first test being invalid needed to be confirmed by the upcoming test from the interims in June:-
'The tests are thus interpreted to be invalid until such time that larger perforating guns can be deployed in the well to establish proper contact with the formation and the potential hydrocarbon prospectivity correctly assessed.'
My expectation is failure with a hefty dollop of maybe there'sa deeper accumulation - forgetting that the Hoya amplitude anomaly target appeared to be a strtigraphically controlled accumulation, not structural.
Bubblepoint, interesting what you say about water cut, in the 30 October RNS PPP had stated 'The company will report a more accurate assessment on water cut once full production to the facilities has been stabilized over the course of the next few weeks.' 3 weeks on and water cut has not been mentioned at all in the 3 Production update RNS since then. Too often with UKOG what isn't mentioned is the most important thing to know - let's hope PPP aren't avoiding mentioning it and are just waiting for things to stabilise.
Rich - Yep wrong board - but shenanigans at PPP do impact UKOG with expectation of a farm in that needs to be funded.
Ocelot,
Early days- but certainly very encouraging, but still in the testing phase. A couple of weeks is probably not a good indication of long term flow rates. Previously production from this well over 2 years averaged about 75bopd and it was shut in July 2022 at 15 to 20bopd.
But will it be enough to fund their US plans and drilling HH-3 next year, and probably not enough to fund the 3D if it's to be shot Q1 2024 (original plan was H2 2023) and HHDL / UKOG as operator need to see the cash to initiate the preparations required. Though according to some everything is on hold until the Supreme Court verdict is known. Not sure if PPP can issue more shares, they already had to borrow existing shares to cover a lot of the last 2 raises. In the short term that could mean no placing is possible until an EGM or AGM to get authority to issue more shares, and they already 'owe' about 60 million shares to those they borrowed off with only just over 100 million shares currently in issue.
Ibug,
Suspicious that yesterday 'someone' dragged the vwap down with a fairly modest value, but 70 million share sell, well below the bid. Surely nothing to see here with an ENS the next morning.
,,,,,,,and still no mention of what the second tranche of the Equity Shares were converted at.
More smoke and mirrors than a magic show.
So what happened to the E Sadak oil sample, and what is the conclusion as to the source of the oil?
The objective of the geochemical study wasn't just todetermine if the Pinarova oil was 'likely' the same as the shot hole oil (from the 3 May RNS):-
'A sample of the oil recovered from Pinarova (as detailed above) along with samples of the 41.7˚ API oil recovered from the active seismic shot-hole seep (see RNS of 11th January 2023 and 30th June 2022) and 43˚ API oil from the nearby East Sadak field, have now also been dispatched to the UK for detailed geochemical study.
The oil study's primary objectives are to determine; a. whether the Pinarova oil sample matches the oil from the shot-hole seep, b. whether it's derived from the same general Upper Jurassic source as E. Sadak or c. it has another origin from shallower Cretaceous origin.'
So they've answered 'a', what about b & c? In previous RNS they mention it as having a Mesozoic origin - but that would include the speculative Cretaceous and the known Upper Jurassic source intervals.
As for the oil smell and the oil recovered from when the casing was set they didn't think it was important enough to mention at the time, swab testing a deeper section that had actual oil shows while drilling, but recovered no oil, and then waiting until after the primary target was drilled and nothing significant was found.
Last chance saloon for Pinarova - and as for Basur 1 being an undeveloped discovery - where's the post phase 2 seismic mapping - after phase1 seismic it was little more than a pimple.
Grasping at straws, wasting time and money for a 'hail mary' test of an interval possibly already tested - and the guns aren't even on site yet.
Trish,
don't worry about the seller, I suspect they are fully aware what they're up to.
Apropos of nothing that did help bring todays vwap down to about 0.0263p which would be advantageous for YA / Riverfort if the SP were to rise tomorrow.
Nobody is scared of a sad and desperate individual who comes on this board primarily to insult other posters - and pretend he isn't davethedrill1 on twitter.
But you are a liar. The tweet I posted earlier existed when I searched for it some time ago - perhaps the other posts from 3 December which show that you were obsessed with tankers on and around that day might jog your memory of deleting all those tanker trick tweets:-
'Adrian The Fool on The Hill@davethedrill1
Dec 3, 2020
#ukog #Horsehill Surprise surprise no Tankers again today. just the 2 on Monday from old oil stock . With the pump not working or the flare stack HH isn't producing anything . SS will probably only have about 5 tankers worth of oil in storage to play,with maybe a little more.
Adrian The Fool on The Hill@davethedrill1
Dec 3, 2020
Replying to @Heid_oil and @alans27
Ha Ha but well done for calling out WealdSpoilers BS
Adrian The Fool on The Hill@davethedrill1
Dec 3, 2020
Replying to @davethedrill1
Tony should be ashamed of himself btw. If ever I've seen a guy misleading share holders Nobody here is scared of you a sad individual who posts rubbish and thinks that hanging around a well site and being BSted by SS somehow qualifies you as a commentator on O&G E&P.it's him . Confetti soon from Sando imo.#ukog
Adrian The Fool on The Hill@davethedrill1
Dec 2, 2020
Replying to @davethedrill1
Wait till she finds how much he's down! GIF
ALT
Adrian The Fool on The Hill@davethedrill1
Dec 2, 2020
#ukog #Horsehill. John should know (HH1AN2 On @LondonSouthEast) if I say there was no oil tankers today or yesterday there were NO oil tankers. Btw John rarely stays at HH when he visits as he fears what his wife will say if she catches him there 2 or 3 mins max!Then he's off'
Here's the tweet you accused me of making up - fits in well with the above - if you think I'd bother to make up a tweet then you really have lost the plot:-
Freeasabird@davethedrill1
Dec 3, 2020
#ukog #Horsehill Pboo Tony . It's the question they don't want to awnser on
@LondonSouthEast
. I screen shot it before it was taken down. I've warned about the Tanker trick with old oil stored before workover started at #Horsehill , which is now being played to mislead . Dave.'
and here's one I copied from your twitter earlier - very earlier - and of course my post is still there from December 2021 (again your tweet has been deleted):-
'Penguins
Posts: 5,081
Price: 0.105
No Opinion
Tanker Trick 7 Dec 2021 16:56
Funny how attitudes change:-
'Freeasabird@davethedrill1
Oct 15, 2020
#ukog Which one of the eyes will get drawn in to SS Rope a dope tanker trick first.
My money is on ***** Tony or Postman Pat ;)'
Oct 15 2020 tweet also gone - If you want to check on my December 2021 post though:-
https://www.lse.co.uk/profiles/penguins/?page=76
Maybe Adrian could explain, give him a call:-
Freeasabird@davethedrill1
Dec 3, 2020
#ukog #Horsehill Pboo Tony . It's the question they don't want to awnser on
@LondonSouthEast
. I screen shot it before it was taken down. I've warned about the Tanker trick with old oil stored before workover started at #Horsehill , which is now being played to mislead . Dave.'
No longer there - seems Adrian has deleted any tweets mentioning the tanker trick.
DL may have used it as an excuse for the farm in not happening but UKOG never have given it as a reason for not drilling - and it certainly wasn't mentioned when the farm in was announced.
The risk of the Supreme Court agreeing with Finch is extremely low - the reasons for not drilling in the four years since planning was granted is clearly because of what happened with HH-2z and then the water influx in HH-1 making further drilling risky in regard to intersecting water conduits - hence the willingness to farm out the 3D (which might remove the target for HH-3) and then the option for PPP to drill HH-3 to get a 49% share of non HH-1 production for a £4.6mm carry.
UKOG has also been slow getting HH-2z converted, despite UKOG claiming it would happen in 2022, which should have been a quick win for cutting the cost of water disposal - but then what's happened since the result of the challenge to Loxley in the High Court - nothing despite claims that that the farm in would happen the moment it was beaten - and UKOG 'planning' to start site preparation this year. Not sure the conditions have even been cleared.
But let's copy and paste post after post of UKOG PR (and version of events) about a project that won't see any income for years - surely not what anyone has invested in UKOG for?
I'll repeat for the fifth time this week my response to your daily visits, gone before I could post for the fifth account (gardenflower) yesterday:-
I see Adrian's back with his nonsense about other posters - but Adrian can spot a P&D opportunity - though timing is everything. Having bought in at 0.0329p here and about 3p in PPP he must be starting to sweat putting in all this overtime in the hope of stitching others up.
As he pointed out a few days and five accounts ago about another po ''He got very abusive and insulting on here like FOTH did and got banned in the end' - FOTH = MaddieSaid / whatever it was Wednesday night / staddler / HSimpson this morning / GardenFlower / Silvertown, and it was a permanent ban that you seem to think doesn't apply to you.
and please don't make yourself look completely off the rails by 1) referring to yourself on X as if it isn't you, or 2) denying you're Adrian, or 3) all the claptrap about being a genuine investor in UKOG - you're a trader, or 4) rambling on about posters 'bashing' a company that has brought about its own demise, or 5) claiming everyone who expresses a negative opinion of the company's projects are greens or swampies - seems they've been the only honest ones so far looking at the share price - apparently understanding the projects better than UKOG - though more likely UKOG just don't detail the risks - preferring vague positive opinions like 'transformational'.
No trades today, yesterday £11,600 worth - vwap about 0.0277p. Though UKOG appear to still have hidden (so far) the price the second tranche of 'equity shares' were converted at.
Will UKOG mention the £500,000 second tranche of the funding facility being delivered yesterday, 17th November, when there's still about £1,000,000 of the £2,000,000 of the initial funding that YA / Riverfort haven't converted yet - so there's a lot more shares to be issued, £1,500,000 worth and another £500,000 before 16th February - and not forgetting the 4.5% of the value converted added to the loan - plus 33% more warrants exercisable for 140% of the conversion price - at 0.0277p that's 0.0387 likely to suppress any rise in the SP.
As for the Portland when will there be any positive cashflow? Perhaps if a company takes on the project but they will be looking at the economics with huge up front costs - economics seemingly not something UKOG look at too closely.
The question is how much salt (not chalk - it's porous) cavern storage is needed? It could end up just a temporary buffer for electricity generation, upgrading the electricity grid, rather than making the gas grid hydrogen proof, a better option when it almost certainly won't be used domestically - maybe salt caverns near industry oop north where there are some already - plus more being created.
Waldorf's turned up - hope he's spotted silvertown is Adrian (of course he has - why else is he here) and not accusing him of being Hmmmnice...
I'll repeat for the fourth time my response to your daily visits:-
I see Adrian's back with his nonsense about other posters - but Adrian can spot a P&D opportunity - though timing is everything. Having bought in at 0.0329p here and about 3p in PPP he must be starting to sweat putting in all this overtime in the hope of stitching others up.
As he pointed out now a few days ago as his last persona but three ''He got very abusive and insulting on here like FOTH did and got banned in the end' - FOTH = MaddieSaid / whatever it was last night / staddler / HSimpson, and it was a permanent ban that you seem to think doesn't apply to you.
and please don't make yourself look completely off the rails by 1) referring to yourself on X as if it isn't you, or 2) denying you're Adrian, or 3) all the claptrap about being a genuine investor in UKOG - you're a trader, or 4) rambling on about posters 'bashing' a company that has brought about its own demise.
Not a lot of trades value so far today - vwap so far today about 0.0273p. Though UKOG appear to still have hidden (so far) the price the second tranche of 'equity shares' were converted at.
Will UKOG mention the £500,000 second tranche of the funding facility being delivered (by tomorrow 17th November) when there's still about £1,000,000 of the £2,000,000 of the initial funding that YA / Riverfort haven't converted yet - so there's a lot more shares to be issued £1,500,000 worth and another £500,000 before 16th February.
With months of waiting for news means there have been plenty of opportunuties taken by posters to predict the news might arrive soon. But what might it be - the guns have arrived at Pinarova, late - not the test; Supreme Court has agreed the pp is valid - but HH-2z not converted, nor the 3D shot, nor any well drilled; Loxley farm out with the longest wait of about 17 months - but not the well drilled and tested successfully.
As for tankers regardless of deceptions about 'tankers' you have made claims about levels of production, based on your supposed 'sightings', that were so wrong that they must have beem made up.
And pretending staddler is not you ie Adrian is a lie.
So I'll repeat for the third time my response to your nightly visits:-
I see Adrian's back with his nonsense about other posters - but Adrian can spot a P&D opportunity - though timing is everything. Having bought in at 0.0329p here and about 3p in PPP he must be starting to sweat putting in all this overtime in the hope of stitching others up.
As he pointed out earlier as his last persona but two ''He got very abusive and insulting on here like FOTH did and got banned in the end' - FOTH = MaddieSaid / whatever it was last night / staddler, and it was a permanent ban that you seem to think doesn't apply to you.
and please don't make yourself look completely off the rails by 1) referring to yourself on X as if it isn't you, or 2) denying you're Adrian, or 3) all the claptrap about being a genuine investor in UKOG - you're a trader, or 4) rambling on about posters 'bashing' a company that has brought about its own demise.
Not a lot of trades value today - vwap today about 0.0277p. Though UKOG appear to still have hidden (so far) the price the second tranche of 'equity shares' were converted at.
Will UKOG mention the £500,000 second tranche of the funding facility being delivered (by tomorrow 17th November) when there's still about £1,000,000 of the £2,000,000 of the initial funding that YA / Riverfort haven't converted yet - so there's a lot more shares to be issued £1,500,000 worth and another £500,000 before 16th February.
As for pasting the RNS
BTW this is what UKOG put in the interims about the testing:-
'The tests are thus interpreted to be invalid until such time that larger perforating guns can be deployed in the well to establish proper contact with the formation and the potential hydrocarbon prospectivity correctly assessed.'
They tweeted a picture of the oil sample (with water and de-emulsifier) without saying where it came from the same day they announced the swab test of the upper Hoya (not the amplitude anomaly).
The first time they mentioned the oil odour was in the RNS on May 3 weeks after they had drilled through the Germik before the casing was set before 18 April. They had the opportunity to mention the oil in the mud pit in that RNS - but didn't.
They then tweeted a picture of the same oil sample on May 4 identifying it as recovered from mud pit after setting the casing - after they announced they would be testing the Germik on May 3 - after the well TD - with no mention of the Hoya seismic amplitude anomaly and a mention of the hope of a deeper accumulation.
and the geochem work included a sample from E Sadak - not mentioned did it match? would that undermine the new working hypothesis of a deeper accumulation now the Hoya had nothing in it?