Adrian6 Jan 2023 00:13
Like ells do you have access to everyone's trading account, or social media?
Claims of posters with no shares or buying high selling low - but it's just making it up, just like claiming posters are greens or activists - just like ells. Either of you anything original to say about the projects that isn't UKOG PR or made up.
For example- like your tweets during the July HH-1 workover and site works - HH-1 did, then didn't, have a pump on in mid July and pumping well - or there was a pump on HH-2z which has an ESP which is not visible.
Or the tanker trick in November when you were exaggerating the importance of seeing three tankers (one water) in a week to ten days - at least ells fell for it, hook line and sinker, still mentions it in his often repeated list of 'things' he hopes happen - but then ells thinks the drop in water production in October was a good sign when it just meant they restricted all fluid production to bring the water cut down so oil production also fell. That followed September production when the water cut rose to 41% even though average daily oil production was less than in August which had a water cut of 33%.
You may remember me posting they have to restrict production because the water inflow rises much faster than the oil - the reverse of course happens when they lower total fluid production.
Apparently we're still waiting for IGas to farm in to the pre planned farm out of Loxley - though there's a disparity between their view of the structure and targets and UKOG's - UKOG, who now have a wealth of test data (must be pretty disappointing though) from the Kimmeridge in the Weald risk it at a 30% probability of success at Loxley though Igas seeing 300mmbbls (OIP?) and conversely UKOG with tens of BCF recoverable (though haven't published any report with the figures) and IGas with 1.4mmboe - about 8BCF.
Most companies update on progress of farm outs, especially if there's competition and negotiations are advanced. 5 months on there's radio silence on that, same as HH-2z except for perpetual preparations and Basur - B-3 was going to be drilled, maybe, late 020, had to be started by end June 2021, didn't shoot seismic and missed the structure by a long way. New seismic was meant to be shot soon after - finalised in early 2022 - no prospects just leads - more seismic followed, processing now completed according to AME but no news on a well target so far. Would have thought if the new seismic tied into the July mapping of the B-4 lead they would have mentioned it quickly.
You'll know that in past years many have claimed silence was just UKOG withholding 'good' news. Not sure it ever was. Certainly not BB, Basur-3 was completed during July according to AME - UKOG mentioned the failure in August and HH-1 daily production of oil and then water has never been mentioned since early 2020.
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