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RNS dated 3 May doesn’t say anything about the BOP and we’re waiting for the interpretation of the final log so no company can get away with fibs, we’re waiting to see what happens next, can’t really rely on twitter pictures. Let’s wait and see what next. That’s my interpretation!
RNS Number : 1899Y
UK Oil & Gas PLC
03 May 2023
UK Oil & Gas PLC
("UKOG" or the "Company")
Turkey: Pinarova-1 Update
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Pinarova-1 has reached its final depth of 600 metres below surface. 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, from approximately 255-285 metres, corresponds to a 12-hour period of strong oil odour at surface and the recovery of light c. 38˚ API oil within fluids returned to surface from the same depth. The sourcing of suitable perforating guns to run in the 9⅝ inch casing is currently underway.
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. The geochemical results will assist the Company's current investigations into the possibility that a deeper light oil accumulation may also exist below the Pinarova area within Cretaceous limestones.
Turkey: Pinarova-1 casing set
18 Apr 2023 11:51
It’s clearly stated in this RNS that they were in the process of assembling BOP on 18 April- so we still live in hope.
RNS Number : 6135W
UK Oil & Gas PLC
18 April 2023
UK Oil & Gas PLC
("UKOG" or the "Company")
Turkey: Pinarova-1 9⅝ inch casing set
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Pinarova-1's 9⅝ inch casing is now set and cemented down to 287 metres below surface. In preparation for drilling ahead through the target Eocene Hoya limestone sequence, installation of the new wellhead and blow-out preventer ("BOP") assembly is now nearing completion. Drilling is expected to resume on schedule in the next few days following final wellhead and BOP pressure test.
Vernonya- how much are you getting paid to continually de- ramping UKOG: you’re definitely not an investor or you wouldn’t want to talk a share down if you were invested. In terms of predictions : it can go either way ,so why not let the investors choose what they want to do . Please go to another board - 88e might be better than here , good 👋 and GL me and the others waiting patiently.
I’m being offered ( indicative price of) 0.007 for all my ISA Holding, when the ask is 0.067- what does it tell you. MM’s have been fishing for shares at 0.066 for a long time 🕰️ THINK and I am waiting to hear the good 📰 it’s my gain or loss, no one to be blamed. THINK TANK- wait for the real news and no porkies even on twitter 🚀
LSE’s new software updated last weekend is rubbish, it’s very slow and doesn’t work well on 5 G iPhone- I can’t change applications, takes ages. If the LSE management is reading this message please do something- level 2 service is rubbish, can’t get anywhere, very very poor service!
If we compare UOG to 88e- this stock is really very undervalued: 88e is still sitting at 0.40, without being able to draw out a pint of oil from any of the wells. Whereas UKOG is sitting under a tenth of a penny with all the assets and producing oil. Where’s the justice in this AIM market and is FCA not looking at how undervalued this stock is and why. It should be at 0.40p minimum and no less. Come on MM’s stop being greedy and bring the price of UKOG at least in line with 88e- do some justice or do your maths!
Time to top up?
MM’s might drag it down further whilst waiting for the news: delight to the de- rampers eyes. I’m waiting patiently and have topped up 4 millions in chunks of one million as the price goes down, let’s wait and see if we get lucky this time!
“No mention of “not done deal”, extract from Alba’s RNS :
News from the Horse Hill oil field, in which we have an investment of 11.675% via our holding in Horse Hill Developments Limited ("HHDL"), included formal consent for the recompletion (i.e., conversion) of the Horse Hill-2z well into a water reinjection well. More recently, plans have been announced for a 3D seismic survey, and possible drilling of a new well, at Horse Hill in a proposed new farm-in arrangement. The proposed transaction is stated to be subject to the satisfaction of a number of conditions, including the consent of all HHDL's shareholders, including Alba, and as such we intend to consider closely the merits of the proposed transaction for Alba and its shareholders.
Good morning all anti UKOG’s, amazing that you are all at anti UKOG work so early! The last RNS clearly stated that UKOG is in the process of measuring the sources of oil at Pinorva: they are not looking for if there’s any oil , even then you’re trying to put wool on investors eyes. Good de- ramping early in the morning and since last night- it’s time for you to go to bed now as good news is imminent unless according to you the investors have been fooled again. Good luck all investors. Let’s wait for the upcoming news, patience is a virtue.
Good afternoon Ocelot- agree with you 100%. However it was only an example- see my wording “If”, on the other hand back in 2017 we couldn’t buy a million shares between £600- 800, like now, we needed £ 10000 to buy a million now we can buy 10million shares for 6-8 thousand pounds so the profit remains the same, I think! GL. I would be quite happy for it to go to 0.50 + gives me plenty of profit.However 1P to 5P would be fantastic.Let’s wait and see what happens next, I am still HOLDING
If UKOG get there the same way as they did for Horse Hill- it would reach to 11 p and more as they did in 2017 before going down if at all, that gives traders and investors plenty of time to mak millions prior to getting out!!