Member Info for Penguins

'where oil is literally seeping to the surface!'

Far stranger than that - into some shotholes but not on the surface, just couldn't make it the last few metres.

But this is funny:- 'All that deramping was a total waste of time' - because the SP actually managed a rise of a few thousandths of a penny - although pointing out the drawbacks that UKOG fail to mention isn't deramping - it's being honest about the chances of success.

Says Adrian who has spent most of the last 5 years successfully ramping the price down.

Busy this evening.

How desperate are you.

Problem is that UKOG aren't appraising a large discovery a long way from their licence - they're drilling an appraisal of a well that flowed water and oil - and that was initially.not after months of testing.

They're almost as desperate as you.

Ells

Maybe you like to have a bit of natural gas around at home for fun - at least domestic supply has a 'smell' so you might know it's there - but on a well site subject to all sorts of regulations it shouldn't happen.

So what exactly does this strange 'sentence' mean:-

'Gas detection cameras are showing high levels of success from here on out'

Because we already know that there is associated gas produced at HH and they flare it - seems likely from that statement you're in with the greens that tweeted about their as detection camera - high levels?

I'd be carefu what you sa y - the EA and HSE would be very interested in any information you might have - though in reality you had no idea what your post inplied - just mindless, or meaningless ramping, like most of your posts when you're not making up stories about other posters being green, activists etc.

AS for:-

'“Shallow reservoir” reduces the risk of adverse events.'

Well it might reduce the risk of adverse events to the drilling but the issue with Pinarova is water production - more or less guaranteed - and being shallow means pressure may be an issue.

also:- ' This will bring added income when the company is in need to bolster the project'

'will' - even UKOGG qualify their predictions with 'if successful' though ot mentioning why they might be unsuccessful, nor what the 'growth plan' is in the unsuccessful case.

Unbelievable

'Gas detection cameras are showing high levels of success from here on out'

??????????????????

Random words in search of a meaningless sentence.

Last thing you want is 'escaped' gas on a well site that a specialised camers can 'see' because EA don't like it, and because it could be dangerous.

Ells,

thought you were off - but still making statements that are hot air.

'when we now have a clear plan to move forwards.'

Clear plan - we'll drill this cheap risky well and if that's successful we'll maybe drill another well there, or maybe drill Basur-4 Of course UKOG never admit any well could possibly not be successful as that never happens........ but if it isn't successful will they drill the similar risk but expensive to drill Basur-4. UKOG don't say - but they might need to keep hold of the cash for drilling it, just in case - and probably need another cash raise by then.

'If successful, Pinarova-1 would likely be followed by a Pinarova-2 well and/or a Basur-4 appraisal well'

Ells,

Seems you've become emotionally attached to UKOG - post after post of childish rubbish about other posters - what happened to your stop loss, surely it would have been way above the current SP, whatever happened to 'moving on' you keep on telling others to do?

The first bit of rerate news on your list has happened - yet..........

Today 00:04:- My predictions have been bang on. You’ll be squealing when this next rises.

'Close over .12 this week 10 Aug 2022 11:50
…final call'
When posted price 0.088p, closed Friday 12 Aug 0.0865

'RE: I did tell you...16 Aug 2022 09:03
.0859, twitchy now, news by end of week regarding horse hill flow with new pump?'
You'll note the SP is even lower 6 days later, next 'news' RNS was the placing in September

'Catalyst = Liz Truss 05 Sep 2022 11:21
Sanderson ready to make big moves on projects in September 2022.'
Didn't.

'RE: Fracking will be opposed by locals 08 Sep 2022 09:17
If the stock was going lower than 52 week lows then fair enough, but we have an energy crisis “evolving” and you are still bearish. What on earth!?'
SP has managed a few 52 weeks lows since then - SP was 0.12p.

'RE: back to 1p this year 08 Sep 2022 09:23
1p … very conservative'

'RE: ocelot and ells10 Sep 2022 15:13
“Before the next placings” hahaha'
Next placing was 12 September, 2 days later. But didn't sell on the mini spike:-
'RE: An expert has spoken 12 Sep 2022 09:21
Nomlungu & Ibug the share has still yet to hit my stop with my average around .09'

'RE: Loxley 15 Sep 2022 09:32
I like the positive vibes ocelot… the share should re-rate in coming weeks once the 16th passes.'
Sp was 0.085p

'RE: " delivered ahead of schedule and under budget" 16 Sep 2022 07:56
The Company will then focus firmly upon the delivery of a new Basur appraisal well'........'full time production within days to weeks of a successful test.
Full steam ahead now… within days to weeks of a successful test, could be commercialised by H1 2023!! Exciting times!'
Now 4 months - only just announced next test won't be Basur

'Price: 0.079
RE: ells_valexpert27 Sep 2022 09:47
No stop loss activated yet. What will be will be. Another incident to the Nord Stream gas pipeline only adds to europe’s energy security'
Talks about stop loss - next thing averaging down?????

'RE: One Flew Over the Cuckoo's Nest 27 Sep 2022 09:59
If the next bull cycle takes us over .15 and we hold .15 with a positive news development, expect .08 to be bottom.'

'RE: Nord Stream Sabotage28 Sep 2022 09:46
.09 friday if the price can hold up and see some inflow here.'
SP was 0.077p - ended week at 0.077p

That's enough for now - the gift that keeps giving and I've not included all the BS about TA or other posters.

Luckily for SS you and most don't understand O&G E&P. I'm not going to engage - but here's what I posted earlier to ells about Turkey, with a small change:-

You keep posting about a 'viable growth plan' in Turkey - perhaps you can explain why drilling away from the play that had 'transformational recoverable oil reserves that can be rapidly monetised' is a good thing and instead drill an albiet cheap appraisal of the Kezer geothermal well that flowed 'heavily oil cut fluids' on test, and they expect a similar outcome in Pinarova as the purpose is to test 'if light oil is present in commercially viable saturations (ie the oil cut) and quantities'

They tweet and RNS that 'UKOG and joint partner AME consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well' without mentioning what the potential success case is for either well. Given how shallow the reservoir is and the potential for uneconomic oil saturations and / or quantities the potential success case outcome of either well might not that be that good - they certainly don't claim it's good - just that both wells have similar outcomes.

Sounds a bit desperate not a 'viable' growth plan - just hope.

and better still is what push2 posted on the Angs board, addressed to you as Hemmings, equally applicable to your posting here:-

Hemmings Thu 12:09
as per your post at the bottom of this, you do NOT invest in near or long term objectives, YOU only trade herd movements, meaning you pathetically try to mug other Pi's with your spam posting of great things to come, in the hope others pile in while you sneak out the back door with a hopeful gain before any results hit the table.
That's just the lowest form of trading that exists, you shout great confidence in a company then run away because you actually don't trust a bone in their bodies lol lol lol.
The real traders do most of it in total silence, they do it with healthy research and shrewd entry and exit plans. often small but often.
gobsheites like you are the scourge of society who only want to gain from other pi pain or naivety.
So don't come on here playing like you understand an ounce of what is actually going on when you clearly don't.

Your post:
RE: Tick tock Ruth, Tick Tock11 Jan 2023 15:10
Push2.
The trick with trading oilers on aim is to get in before the drill and get out before results in case you get burned.

Not just here do you show your true self.

I'll leave you to it, as I hope everyone else does.

I suspect that like many of the trading experts on this and other boards it's a case of this:-

'The Dunning–Kruger effect is a cognitive bias whereby people with low ability, expertise, or experience regarding a certain type of task or area of knowledge tend to overestimate their ability or knowledge'

I suppose if you keep repeating the same rubbish every day eventually 'soon' may happen - but a rerate has apparently been happening since November when the SP was higher than even Wednesday's 'rerate' (pump - not even a rise worthy of being called a spike and I thought rerates held, not dropped back).

'ells_valexpert
23 Nov 2022 12:49
If you are new here…
The share price has started to re-rate (ref volume 23/11)'

The mid price SP was 0.68p.

There was a post by push2 yesterday addressed to 'Hemmings'@12:09 on the Angs board, it's worth a read.

Seems it's not just this board that rumbled Adrian even if ells thinks it was a new poster:-

'Adrian The Fool on The Hill @davethedrill1
Posts were in the 100s Admin when i was on there up to late yesterday. Now watch them drop'

You keep posting about a 'viable growth plan' in Turkey - perhaps you can explain why drilling away from the play that had 'transformational recoverable oil reserves that can be rapidly monetised' to drill an albiet cheap appraisal of the Kezer geothermal well that flowed 'heavily oil cut fluids' on test, and they expect a similar outcome in Pinarova as the purpose is to test 'if light oil is present in commercially viable saturations (ie the oil cut) and quantities'.

They tweet and RNS that 'UKOG and joint partner AME consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well' without mentioning what the potential success case is for either well. Given how shallow the reservoir is and the potential for uneconomic oil saturations and / or quantities the potential success case outcome of either well might not that be that good - they certainly don't claim it's good - just that both wells have similar outcomes.

Sounds a bit desperate not a 'viable' growth plan - just hope.

One of today's tweets from UKOG

'UKOG@UKOGlistedonAIM
·TURKEY LATEST: UKOG and joint partner AME consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well, but at a much lower drilling cost and with a shorter time to execution and delivery.'

So Pinarova offers similar potential succss case outcomes to Basur-4.

Sounds geat.

But as usual there's absolutely no indication of what the potential success case outcome is for either - since HH-1 / 2z they're probably cautious about making predictions - but without that information it's impossible to know what success means.

Thought the dull duo needed a bit of help.

0.0670 paid :)

So was it one of your pounds that bought one of those 3 trades at 0.067p - total cost less than £6.

Anyway must get on with my day - nothing much happening here except the dull duo on repeat.

Ells,

Yep, that sort of BS has been posted here thousands of times by various posters trying to resurrect a dead play.

UKOG have a well that would only require a cheap workover to produce from the Kimmeridge.

They also have all permissions to drill more wells and a raise based on a positive CPR would surely be received positively. They even have a report by RPS on the Kimmeridge done in June 2019 which had gross 2C resources of 1.6mmbbls - similar to the Portland's 1.5mmbbls (last annual report) - but have only ever mentioned the report as a footnote to the resources table.

Yet further activity on the Kimmeridge and Porfland at HH are in a queue seemingly waiting on Turkish success - which is now down to an appraisal of well that flowed 'heavily oil cut' fluids. Seems much in the same vein as a 'pre-planned farmout' - UKOG using strange terminology rather than plain language.

Adrian,

'As a share holder I thought you be pleased to see the SP rise!'

Yes, but to rerate and hold it really needs to be on results not claims / plans that have so far never been achieved in 7 years.

Making money on the back of false hope is the only way anyone has made money here.

The latest wheeze in Turkey looks to be a desperate attempt to get an oil show there - get the SP up, do a placing, then reveal the water saturation is too high, with production levels of oil small, but being Turkey put into production (water disposal - who cares) - and they're going to drill Basur-4, hence the need for a placing.

Perhaps you do believe otherwise - though I doubt it, many have been fooled by UKOG's seemingly positive, but actually equivocal RNS, but I suspect if it does happen like that you'll be mocking anyone that fell for the BS ramping and didn't sell on a rise.

As for DL he rubbished the BGS report about the Kimmeridge - despite the report which was about the shales mentioning, but not assessing, the potential of the KLs.

Nutech were brought in with their US based algorithms which came up with the answer required - but everybody missed the caveats - the recoveries were dependant of fracking - or alternative reports - the Kimmeridge shale apart from being already fractured was likely not 'brittle' enough. Most of the billions of bbls were in the shales, not the KLs.

SS was left holding the already poisoned chalice. Perhaps without the burden of the Kimmeridge UKOG could have been a profitable onshore UK oil production company but chasing the expectation of riches has meant a series of high risk ventures by SS who seems to want to run a big oil operation in a company that needs to be run on a shoestring to be profitable.

Let's see where the SP goes - but looking at the trades it appears more of an attempt at a mini P&D than a rerate.

Adrian

Yep, £130 worth.- was that you 'topping up' because it's a bargain?

You forgot to mention the two trades at 0.065p totalling less than £30 earlier.

Seems they do these tiny trades to justify the spread.

JHemmings,

Are you claiming that you're not Adrian / @davethedrill1 ?

There's an old saying, well several years old since you were banned - if it writes like Adrian, spells like Adrian, posts as often as Adrian - it's Adrian.

As has often been proved by the moaning on twitter when finally you've been banned despite the posting of links to your tweets as if they're by someone else (creepy), praising your tweets on twitter (even more creepy) and repeating the same information on twitter and on here (not coincidence).

Just looked at the tweet time so it was post first then tweet.

What a coincidence - @davethedrill1 tweets about SS doing an interview with share talk:-

'Alex at @Share_Talk
Great friend of mine to and very loyal to Steve Sanderson and @DavidLenigas'

and JHemmings then posts:-

'Would be great if SS did an interview with Alex the MD at Share Talk imo.'

Definitely need someone who's a friend of Adrian and loyal to SS - after all wouldn't want any difficult questions being asked - just a bit of PR so Adrian / JHemmings can sell his shares.

'There is a video of oil seeping to surface lol. Which bit if that don't you understand?'

Maybe you don't understand that they're drilling an appraisal of Kezer-1 which flowed water on test with an oil cut - UKOG use the subjective term 'heavily cut' but don't give a percentage. 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.

They are not drilling an appraisal of the oil seep which probably comes from a much deeper source (UKOG described it as indicating an active liight oil petroleum system) - and may be what's contaminating the shallower water filled reservoir.

It is odd (inexplicable?) that the seep has somehow reached within a few metres of the surface but hasn't made it to the surface - only discovered in shotholes drilled by AME.