Member Info for Penguins

Ninetails

L.O.L. The rampers have that little to ramp about they are trying their hand at altering song lyrics now to deflect their failures … not very well I must say.

Agreed.

Meanwhile,

10 weeks since UKOG started their quest for a bigger perforating gun for Pinarova so they can find out if the first test of the 'oil odour zone', which failed to produce anything, was valid.

14 months since getting permission to convert HH-2z to an injector and test water injection.

Waited 9 months before drilling 3 monitoring boreholes (a requirement of the permission) and now 2 months since the observation period ended.

Over a year since initiating the pre-planned farm out of Loxley,.

Over four months since the PPP farm in to HH was announced, but no mention of it being agreed. Today PPP shares were suspended as they failed to produce accounts due to auditors finalising reporting requirements.

All these things were expected to happen soon after the announcemènt by certain posters and every month they repeat all these news 'catalysts will be this month........

Maybe because all this pent up 'good' news hasn't emerged we're still waiting for the first CLN conversion, recent trading activity suggests someone is dumping shares to lower the SP though.

You posted:-

'Arson deniers are worried greens'.

Really?

More like Desree is a worried denier of being Adrian (does that help?)

But 'worried greens' are more likely to be aligned with the last sentence in your quote. If any 'climate activist' were setting fires wouldn't any JSO, xr or 'green' condemn them.

But why post here, who on this board is denying that the fires are being set by people - or is it just your fantasy that everyone that can see through UKOG's BS because they have some understanding of O&G E&P (which you don't) is JSO or xr or a 'green' of some sort?

Still waiting for an explanation of what I'm meant to be reading and learning though?

But why post a 3 day old news conference now?

'Most Of The Fires In Greece Were Caused By Arson

Greek City Times

https://greekcitytimes.com › fire

3 days ago — ... due to criminal negligence or intent," he said characteristically, adding, "The difference with other years was the weather conditions.".'

Incidentally this board is meant to be about UKOG not your strange obsessions.

Over a week ago you claimed there were 9 arrests.

You've also been claiming the fires were set by 'activists.'

Neither are claimed in the article you quote.

I put this in my post of 28 July at 20:09

Adrian,

'any sign of arrests in Rhodes since the 9 that weren't arrested last weekend? No doubt there's idiots setting fires - as to who, no proof yet of the conspiracy theorists that it's all climate 'activists'.

and have never expressed any doubt that people are starting the fires.

So what am I reading and learning?

Mind you I don't suppose you agree with this:-

"The difference with other years was the weather conditions."

Over a week

You posted earlier.

'Share holders are intrested in oul and gas here. Not tour likes and dislikes. Nobody cares :)'

So Adrian, what's with the continuation of your account after account trolling Ninetails - about as subtle as shouting 'I'm Adrian / davethedrill1'.

As for 'oul' and gas, although there is no gas.

There's the constant desire for news, but even the news of the Loxley 'win' only gave a brief respite to the SPs decline.

As far as news is concerned until UKOG do something everything's great, and at the moment any news is unlikely to be a result of drilling or testing thats likely to fail, of at best far worse than the 'expected' 'potential'.

so yes news about an HH Supreme Court win would help, a Loxley farm out, that they're proceeding with the HH-2z conversion rather than preparing, or even PPP being in a position to shoot the 3D - or the news that they've a timetable for deploying a 7"perforating gun.

Yes plenty of news but no action, and news doesn't alter the reality of the projects.

Then UKOG go and drill, test, or even put a well into production and either keep quiet, or worse RNS the bad news - or disguise the problem by being selective about what they RNS.

and for those that say that's in the past, they were saying 'it was in the past' before the OGA started releasing production figures for HH-1, before Basur-3 was drilled, and before UKOG went silent about the primary target of Pinarova.

Next likely 'result' the Pinarova testing - that may prove the first test was, in fact, valid.

PS do feel free to report this post for being too honest.

'A Horse Hill win / Turkey discovery double whammy would kill all negative sentiment.'

So what did the Loxley win in the High Court do, the SP did rise briefly, but has now dropped to a lower level. Though the HH Supreme Court challenge has made it obvious that there's the possibility of appeal to a higher court - according to you the legal challenges are the reason for UKOG's inactivity in the UK - though I suspect not.

But of course what you mean is you hope the expected win in the Supreme Court will enable a 'pump'.

As for Turkey discovery - what sort of discovery are you hoping for - oil flowing (how much?) or oil seen - they already saw oil in cuttings from an interval they swab tested - and only after that fail and drilling through the primary taget and no longer mentioning it, did they mention the oil smell and oil returning to surface when the casing was inserted. Given the same happened when casing was inserted at Kezer it's surprising that the Germik wasn't mentioned as a target until everything else had failed - pretty obvious that oil returning wasn't significant.

No doubt there will be a little excitement on news of the larger perforating guns arriving - but given the YA CLN any rise will be sold into relentlessly.

As for the CPR on Loxley the company is very aware of what it's doing - not risking the NPV, demanding RPS use a price forecast that wasn't their preferred one, a dodgy eastern closure to the structure and a mistaken interpretation of the comparison between Alfold and Godley Bridge-1 poroperm crossplots justifying a GWC in Alfold.

UKOG didn't quote this bit of the CPR 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.'

To save you making up one of your fantasies about me - knowing that the projects are poor, and especially the chance of the BB drill being successful, why would I have held for the drop - or any P&D drop?

Bigruss,

'Just the funding institution selling them into the market'

If they only had a few hundred million maybe 'just'. But the first £2mm will probably give them over 3.5 billion shares, and if they achieve a really low vwap considerably more, with two further tranches available to UKOG of £500,000 each.

Adrian,

any sign of arrests in Rhodes since the 9 that weren't arrested last weekend? No doubt there's idiots setting fires - as to who, no proof yet of the conspiracy theorists that it's all climate 'activists'.

OK I didn't find that post, it was later on 2q1 July - yep I did say infer it was a sell by YA, and I still think the trade was sell.

It's somewhat irrelevant with the SP so much lower a week later.

Adrian,

Where did I say it was a sell?

But yes, looks like it wasn't YA, but there's been a lot of relatively large trades that are suspicious to the extent that the SP has been dragged down this week, ensuring an ever lower vwap for YA.

The structure of the CLN doesn't seem wholly transparent with the provision of a large number of shares to YA on completion of the deal but the pricing of those shares seemingly based on the previous 15 day lowest vwap prior to when they are sold.

Whoever is now selling must have good reason to do so - the direction of the SP suggests someone is dumping.

I think there were also posters saying it was a buy - whichever the SP has dropped considerably since then - at least 10% down. This is what I said regarding whether it was a buy or sell:-

'Large after hours 'trade' listed as a buy on a busy day, has all the hallmarks of a conversion - CLN RNS Monday?'

I also explained why

? - yes it looked like a conversion - and who knows what nefarious trading a company in who's interest it is to lower the SP in the hope of 'news' in the future.

Ells / JR90 / G-Martin,

Up to, potential, could.

Depends according to RPS on whether it proves:-

'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.

Working out a 'value' based on unrisked contingent resources and, in the case of the figure you quote, a gas price scenario that wasn't using RPS's forward price scenario.

'When the SP rose from 0.06 to 0.13 before Pinarova-1 testing everyone was still de-ramping even when the share went up >100% in the matter of weeks'

I think you mean before the Pinarova testing RNS was released on 25th April - 2 hours after you posted thet you had 'taken a position' when the SP was over 0.1p.

But why would anyone have been, not deramping, but posting that the testing might not be successful?

Could it be that they read all the RNS, any other material and understood that this well was very much a desperate attempt to get what they did - an oil show - because a well 400m away had oil shows - but were very unlikely to get anything else, now waiting for a more desperate last throw of the dice test.

Nevertheless there were plenty of comments about the likelihood of a pump and dump.

Here's a seelction of bits of some of my posts from befor 25 April.

20/4 22:55 - 'there's been a poster today boasting about making £6,000 profit 'since 2022' - that hasn't happened by holding through the P&D's. It's every man for himself on this board - don't believe that those ramping are your mates - they want everyone to hold until they sell and go on to the next P&D.'

Didn't you boast (later) of selling on the 24th?

'21 Apr 2023 16:31

Ocelot,

'There is no doubt UKOG have oil now. Whatever the trolls might say'.

There's quite a gap between oil shows and commercial flow rates.'

The irony of the next one is the thread title started by you (as JR90):-

'RE: The Company has ample funds to cover its share of the planned drilling and testing campaign. 24 Apr 2023 10:57

JR90,

How much will interest wane if the uppermost part of the Hoya - you know oil is found above the water leg - tests, like Kezer, fluid with a heavy oil cut.

If the RNS is all about hundreds of bbls of oil with a bit of water whoopee. If it's more about drilling ahead to the amplitude anomaly - watch out.'

Title of the 25 April RNS:- 'Turkey: Pinarova-1 drilling ahead'

24/4 14:52:- 'Will a swabbed test over a 100m interval tell UKOG where any fluids are coming from - assuming they initiate flow.

Could be more questions than answers following the testing - I'm sure UKOG will be happy with that.'

From the RNS:- 'Initial swab test results are inconclusive'

11/1/23:- 'Given that Kezer is described as being at the apex of the structure and flowed more water than oil there might only be a very small oil cap at the well'

Before Pinarova was announced, 30/11/23 10:10:- 'Perhaps they're scratching around for some sort of lead justified by the oil seep. The amount of attention they gave the oil seep initially seemed suspicious as there's already pretty good evidence that oil generation has taken place in the licence with shows and small amounts tested.

Was 'bigging up' the seep a backup if the leads failed to mature into targets?'

Ocelot,

'Some positive news re Pinarova-1 would be well-timed now.'

Maybe for YA? Today's vwap using ADVFN trade data (not always accurate) was 0.055037p

But if the good news is the bigger perforating gun turning up the bad news could be that they will have to test the Germik and find out how valid the first test was as in the interim report it was stated to be 'interpreted to be invalid'.

Also in the interim report - 'No flow or injectivity within the cased hole test zone was observed and down hole pressure gauge and casing collar locator data confirmed that the small 4.5-inch perforating guns had likely been of insufficient power and/or proximity to the casing wall to penetrate 9⅝ inch casing'

'had likely........' - but then the 4.5inch guns could have been of sufficient power etc. - are they preparing the ground for disappointment ........

? / ells / JR90 / G-Martin

0.057 print.

Total value of trades at 0.057 was £783.40 in 12 trades, average £65.28.

There was a single 'print' of 0.054p, 2,982,677 shares worth more than twice the 0.057p trade.

What happened to:- '20 Jul 2023 12:44 - UKOG now green for 6 month change.' SP was 0.0615p.

Adrian,

As you asked - Adrian is Desree, apart from all the other 'tells' you bring up topics unrelated topics to UKOG on this board at the same time as you're tweeting about them. Even your first post on UKOG was about Dale Vince when you were also tweeting about him.

You also asked:- 'Was it arson started those wild fires. If so ..who?'

On Sunday you claimed 9 had been arrested - but that was in 2022 - but I still can't find any evidence anyone has been arrested even though earlier today you repeated the claim from elsewhere that there had been arrests.

There is a lot os suspicion that the fires were a result of arson and Spectator article you pasted earlier mentions a group of people who get pleasure out of this with the pain of other people and 'thrill seekers' - but until someone is arrested/charged and convicted no one knows who did it and whether any arson was malicious or carelessness.

So Adrian,

Another of your 'special' proofs.

No arrests this year., just some generalised stuff about firestarters.

Have I said the fires weren't started by humans? Anywhere? Just that there haven't been any reports of arrests, yet.

Here's my original reply.

Adrian,

'Amazing amount of retweeting about arson in Greece on your davethedrill1 twitter account.

But your link gets this:-

Multiple Fires in Greece Linked to Arson, Suspects Arrested

'GreekReporter.com

https://greekreporter.com › Greek News › Crime

7 Aug 2021 — Two people were arrested in Agios Stefanos, where fires are still currently spreading. The suspects were apprehended by the bridge of Agios ...'

There are probably people setting fires now which is criminal and could be lethal - but quoting an article from August 2021 is nothing to do with the current fires.

Did you check what you were quoting - did you but still post it?

You also tweeted this from 2022 as if it was current:-

Nine Arrested For Sparking Greece's Wildfires

'Greek City Times

https://greekcitytimes.com › fires

28 Jul 2022 — Eight men and one woman were arrested by fire investigators for starting arson with intent or through negligence, and therefore contributing ...'

You'll note the 9 people were negligent - not deliberate.

Adrian,

You're quoting some bloke on twitter who quotes 2 articles that are conjecture by firefighters. GB News and Yahoo!

Where's the proof of arrests?

Your last 'proof' for this year were reports for 2021 and 2022 - of course I 'jumped' on them. Just because you don't care for the truth.

You posted - 'They have damaged the company for years'

This might come as a surprise to you that UKOG has damaged itself, are they the ‘they’.

BB - installing a 'production completion before testing. Making claims of huge amount of recoverable oil. All tests were essentialy failures.

HH - expecting 362bopd from HH-1, no mention of substantial decline, last NSTA figures, average 46bopd for April 2023. Kept silent for months about water production

HH - expecting oil production of 720 to 1080 bopd from HH-2z. Hit water, tried to solve the problem, claimed success - took months to admit success was short lived.

Basur-3 - transformational project / well, didn't shoot seismic first as planned, missed the target, after 2 phases of seismic to confirm target for Basu-4 instead drilled Pinarova rather than the supposed tens of millions of recoverable oil in Basur-Resan. AME planning to shoot seismic elsewhere in licence (Siirt area). Pinarove - no plan to test the main, amplitude anomaly, and secondary target. Either failed to perforate .to formation in first through casing test or the formation was tight/dry.

UKOG have spent approaching £100mm almost all obtained by creating billions of shares.

CLN conversion from the recent raise may have begun - 90,000,000 (20/7), 30,000,000 (21/7), and today 20,000,000 trades late in the day have similarities to previous trade activity prior to the CLN conversion RNS.

'Remember full time production within weeks in Turkey. No red tape.'

and probably no oil.

Though noticable avoidance of admitting failure in RNS-

After the swabbing (RNS 25/4):- 'Initial swab test results are inconclusive, neither confirming nor wholly refuting whether the oil shows seen from 358 metres downwards represent an oil pay zone'.

&

'it is planned to run electric logs to identify oil pay, followed by cemented 7" casing'

Casing needed to test the Hoya swabbed zone and the amplitude anomaly.'

I won't mention that G-Martin 'took a position' at over 0.1p 2 hours before that RNS on 25 April - oops I just did

TD RNS 3/5):- 'Electric logs over both the 9⅝ inch cased hole and 8½ inch open hole section have been acquired and the delivery of a final log interpretation is awaited'

&

'Plans are now being made to run a conventional selective cased hole flow test operation. The proposed uppermost zone' ..... 'corresponds to a 12-hour period of strong oil odour at surface and' ... 'oil within fluids returned to surface from the same depth.'

No mention they didn't run 7" casing and a bluff that they needed a 'final' log interpretation to spot pay when no company delays for that; nor did AME / UKOG as they'd decided to not run 7" casing needed for Hoya testing. But 'remembered' the oil smell etc. - the oil recovered initially shown in a tweet deceptively at the same time as the decision to swab the Hoya and the oil odour also not mentioned previously.

Last Pinarova RNS (23/5):- 'The decision results from analysis of downhole pressure gauge data from testing operations, which indicates that the 4.5-inch perforating guns used have been unable to establish direct contact with the formation through the casing and cement'

No question that the perforating did not contact the formation - the decision was to source a bigger perforating gun.

Then in the Interim report (26/6):- 'The tests are thus interpreted to be invalid until such time that larger perforating guns can be deployed in the well'

So it was an 'interpretation' of the results - and suggests that the first testing could be valid - is it preparing the ground for failure RNS?

Have never mentioned the Hoya targets were no good and only eventually admitted there was a possibility the first test of the Germik was valid.

Also there was the change of tack from (11/1/23):- 'a working hypothesis' ... 'that the active (41.7˚API) light oil seep found '... 'in a seismic shot hole' ... 'is directly fed by and connected to an underlying light oil accumulation within Eocene Hoya group limestones'

to (3 May RNS):-

'the possibility that a deeper light oil accumulation may also exist below the Pinarova area within Cretaceous limestones' - realised hypothesis in 11/1 RNS no longer exists?

You posted about criticism of UKOG:-

'they should first identify what is actually going wrong and why. Then they should say what can be done to correct the problem.'

Unfortunately it seems some posters are into cancel culture and had the post below removed - it explains why I think the projects are not up to much. Unfortunately there is no solution unless UKOG stops wasting money on vanity and diversionary projects. The company could exit Turkey, concentrate on HH but that would effectively admit the company was probably only ever going to be low cap, with modest production, risk shooting 3D over Loxley before drilling (or maybe just a single 2D east-west line along the crest and over the critical saddle) to confirm the mapping).

This post in reply to our resident optimist 'momentum':-

'The court decisions, nor the arrival of the perforating gun won't make the geology change.

If the Pinarova test interval is tight which is likely if the first test was valid - that won't change

Even if the proposed 3D finds a decent target for HH-3 if Horse Hill is riddled with water bearing fractures, as seems likely with both HH-1 and HH-2z being plagued with water ingress, then drilling somewhere else stands a good chance of being the same as one of those 2 wells, either with a short delay before water production but rapid decline to current levels , or overwhelmed with water from very early on. But even those poor results don't seem to have made the Kimmeridge a target for producing from HH-1.

Loxley despite being classed as an appraisal well also has issues with closure and expectations of flow rate from a single well. These can't be discounted until the well is drilled - although the trap could be better defined with the proposed 3D - probably why it isn't proposed to be shot until after Loxley is drilled. Seems UKOG has learnt zero lessons fro Basur-3 (non existant target) nor HH-2z ( downdip from HH-1, not updip as expected).

Of course there might be a rise on 'news' of something about to happen - unfortunately over the years, predictably, when the activity happens it's not as good as UKOG suggest and often worse than even the supposed 'negative' posts.

And this from the same poster:- 'Tories are looking to scrap eco policies to win in 2024. Looking good.'

Tory greenness - it was Gove floating the idea in their go to Tory mouthpiece of 'softening of some 'net-zero' measures' not 'scrap'.

Even if they did scrap everything 'eco' it won't affect UKOG as it's the nimby blue wall Tories they need to appease, so maybe testing fracking up North (the red wall a lost cause) and more offshore production - not relaxation of planning in the south.'

Do you really think anyone is ‘fooled’ by this – ‘I have just had a lo9k at that twitter account’.

‘Selective posting fro Penguins - but you’re the one selecting them – except for the 2022 ‘9 arrests’ tweet, which you’ve linked in your 14:09 post - otherwise it's ridiculous that you think linking something on twitter proves anything, at best inaccurate if not lies.

Your tweets and retweets are the BS that bounces round the echo chamber/s you appear to live your life in - but I’m not going to continue helping you by checking and correcting the BS you ‘like’.

But the articles and subjects linked by ocelot, ?/ells/JR90/G-Martin and Adrian, are inconsequential for UKOG. But are the posters just trying to distract discussion away from the Pinarova shambles, the year long quest for a farminee for Loxley and the endless wait for any activity at Horse Hill beyond producing less than 50bopd in the latest NSTA figures. Maybe they're hoping the articles might 'trigger' someone, hasn't happened so far, and two of them under various disguises have been trying for quite a while, - whereas........

No news of the bigger perforating gun for Pinarova since the end June interims, 2 months since they went looking for one - possibly only confirming the first test was valid. No news yet of the testing operation resumption.

News of a High Court win for Loxley shifted the SP above 0.06p briefly - with large end of day share trades on Thursday and Friday probably YA selling, as they will on any rises above their vwap (about 0.0555p on 19 July). News of a farm in is desperately needed as UKOG going it alone means a big raise eventually for drilling.

At HH UKOG endlessly preparing to 'soon' convert HH-2z to save £250,000 a year and PPP desperately hoping the Whistling well will produce something to enable another fund raise so they can shoot some 3D over HH to find out how wrong the current mapping is - though has the farm in been approved by everyone yet?

Adrian,

Amazing amount of retweeting about arson in Greece on your davethedrill1 twitter account.

But your link gets this:-

Multiple Fires in Greece Linked to Arson, Suspects Arrested

'GreekReporter.com

https://greekreporter.com › Greek News › Crime

7 Aug 2021 — Two people were arrested in Agios Stefanos, where fires are still currently spreading. The suspects were apprehended by the bridge of Agios ...'

There are probably people setting fires now which is criminal and could be lethal - but quoting an article from August 2021 is nothing to do with the current fires.

Did you check what you were quoting - did you but still post it?

You also tweeted this from 2022 as if it was current:-

Nine Arrested For Sparking Greece's Wildfires

'Greek City Times

https://greekcitytimes.com › fires

28 Jul 2022 — Eight men and one woman were arrested by fire investigators for starting arson with intent or through negligence, and therefore contributing ...'

Vernonya,

There's reading RNS and there's understanding them, spotting what they're omitting that they should include. Instead padding them out with unrealistic 'potential', over optimistic 'expectatations' - and including things that sound important that aren't - so much ramper fodder for posters like ells and ocelot to repeat.

Then there's the 2 UKOG CPRs, Annual Reports, other company reports, Scout reports in Turkey, well reports in the UK (where released) - the BB testing report (it's interesting to read what was really happening vs the testing RNS) - the BB end of well report, the Alfold well report.

Is that why some guesses differ from what UKOG RNS but are closer to what happens than the RNS 'guesses'?

Most of what is in UKOG RNS is conjecture (guesses) about what might happen, not facts, and has been proved for predictions of outcomes to be wrong in almost every case, not because they are stupid - but because they only RNS positive outcomes (interpretations of the data). Why hasn't UKOG had a CPR done for HH - is it because it would be factual?

See one of Pinky and Perky is still here - YAWN - As usual making stuff up - my actual views on O&G E&P - fully supportive; fracking, the same - that doesn't preclude me from being honest about UKOG projects - certainly more honest than Adrian who flip-flops his posting and tweeting depending on whether he's holding shares or not - and lies about his accounts here - and thinks anyone cares about the latest desperate Tory wheeze for votes that might last a day or two.

Adrian,

Trolling you in twitter? What trolling, I don't tweet, just another made up story. Commenting on your tweets when you sneak on here or when you mention me is not trolling. Seems to be a 'thing' that bullies get up to when challenged - play the victim - whilst trolling here and on twitter.

I choose not to tweet, apparently it isn't compulsory, my decision, and I have a life and G-Martin (last 30 days 249 posts of which 159 UKOG) thinks I already spend too much time here (last 30 days 46 UKOG posts, 47 including this) so I'd rather not waste my time in that hate filled environment.

As for obsessed you're the one constantly creeping back on here to troll posters. As for twitter try this search:-

(pingo OR penguins OR pingu) (from:davethedrill1)

- there are loads of your posts commenting about my posts on this board or attacking me - that's trolling.

But you are a permanently banned poster because of your posting here, pretending you're not is pathetic.