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If it goes to the plan and the oil is flowing the sky is the limit, however even if it goes back to o.11P the price in 2017, many of us will be millionaires depending on the numbers of shares holding, that’s how I see it. However I would remember not to be too greedy and take some profits out as we go along, GLA.
My UKOG folder is Green now, thanks for the advice, no worries for the next 8 days, me think, will get a few grands out when the time is right, the only way it’s going next week is up north, so no panic selling this weekend. I wouldn’t be out of UKOG this weekend, nice to see it going up. Cheers and GLA investors and sorry for the de- rampers, you could have made some money since last week:-))
XYZ098: Wishing you well in whatever you decide to invest in next. Aim is very risky especially when one gets on the board at the wrong time. Your opinions matter and welcome. Best wishes for your next venture. I have invested an awful lot in UKOG and can only wish for good results for all investors. We’re here to make money, no hard feelings:-))
ZYX098- As you say you have a very good knowledge re- rigs and drilling, you might want to join Turkey’s new UKOG venture and earn extra money whilst waiting to start your next job and we might get an up to date information from you rather than probabilities and possibilities day in day out on this board. Make your self useful and chill with a couple of bottles with lunch. The Ukog only going one way until the next news and that’s going up North. I have doubled my investment and hoping for a good return:-))
Turkey: Pinarova-1 reaches first casing point
Thu, 13th Apr 2023 09:39
RNS Number : 1260W
UK Oil & Gas PLC
13 April 2023
13/04/2023
UK Oil & Gas PLC
("UKOG" or the "Company")
Turkey: Pinarova-1 reaches first casing point
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that Pinarova-1 has now reached its planned 9? inch casing point at 291 metres below surface, several days ahead of schedule. After running and cementing casing, drilling of 8½ inch diameter hole down through the Hoya target will commence. It is planned to test any zones where good live oil shows are encountered prior to reaching the estimated total depth of around 500-550 metres. UKOG's geologist remains on site to help describe Hoya reservoir geology and to identify any live oil to surface in drilling cuttings and/or mud.
Actually I am one of those who sold yesterday at a 20% loss and put the money in UKOG as they are drilling a well in Turkey , with a hope to re- coupe my losses here. I still hold 50% stock here, but alas I have been stung again by 88e. However will hold whatever is left here unless I make a good profit with Ukog and buy again after the AGM and placement.
Still holding- must be looking forward to making some gain so UKOG is not a dead duck yet- Hello de- tampers, I have doubled my holding in UKOG as well.
Designation Shareholder Name Amount % Holding
15942 HARGREAVES LANSDOWN (NOMINEES) LIMITED 2,928,622,951 13.88%
SMKTNOMS INTERACTIVE INVESTOR SERVICES NOMINEES LIMITED 2,028,691,584 9.62%
HLNOM HARGREAVES LANSDOWN (NOMINEES) LIMITED 1,678,123,398 7.95%
CLIENT1 BARCLAYS DIRECT INVESTING NOMINEES LIMITED 1,537,768,208 7.29%
SMKTISAS INTERACTIVE INVESTOR SERVICES NOMINEES LTD 1,443,196,403 6.84%
VRA HARGREAVES LANSDOWN (NOMINEES) LIMITED 1,434,972,715 6.80%
HSDL NOMINEES LIMITED 1,221,545,464 5.79%
MAXI HSDL NOMINEES LIMITED 948,442,616 4.50%
731504 HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED 734,878,173 3.48%
IGUKCLT VIDACOS NOMINEES LIMITED 633,408,178 3.00%
JBR is holding the fort since this morning at 0.60- very bad MM, even when UT has gone at 0.612 and now 4 million gone at 0.59, it’s holding at 0.60, the only manipulated MM on this board- move —- and let the so tick up, someone should report this manipulative behaviour.
Just a reminder for myself and for those who might not have seen this - extract from the RNS. If what is stated is true then this time around no need to panic. All my guys this morning are shown as sells of course , I am getting a very good price
GLA , Happy Easter weekend and still hoping all goes well after Easter Monday, I have put in a lot of money in this stock this time around- 88e , please don’t disappoint me this time!
88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) is pleased to report that the Hickory-1 exploration well has reached a Total Depth of 10,650 feet. Operations have progressed as planned since completion of the surface hole, with the Nordic Calista Rig-2 drilling to TD safely and currently estimated to cost less than US$13.5 million gross.
The Hickory-1 exploration well intersected all primary SMD reservoir targets and the secondary SFS and BFF reservoir targets, all at slightly higher than prognosed depths and with gross reservoir thicknesses equal or greater than pre-drill interpretation.
A new Upper SFS reservoir was also identified (refer to figure 1 below). This zone was not previously intersected by any wells on Project Phoenix acreage and recorded multiple shows and elevated log responses. Whilst drilling through the Upper SFS gas "pops" or bubbles were noted in rig tanks, an indication of hydrocarbons evolving from the drilling fluid at the surface.
LWD data collected over all the primary and secondary reservoirs, plus the new Upper SFS reservoir, have indicated multiple pay zones throughout the Hickory-1 well. Preliminary net pay calculated from the LWD data will be confirmed by wire-line logging and side wall coring programme, which is set to commence promptly
From the RNS- current cash reserves:
The Board considers that the current cash reserves of £2.4m and expectations of future revenue and/or fund raises either through share placings, debt or farm out processes will be sufficient to maintain the working capital of the Company for a period of at least 12 months from the date of signing the Annual Report and Financial Statements. For these reasons the Directors adopt the going concern basis in the preparation of the Financial Statements.
Passion- re RKH: so was I , luckily sold all mine at £5.30: what a year to remember. However MM’s have gone a lot cleverer now, they don’t take the SP as high as they used to as there weren’t as many traders trading on line back then. Now the MM’s are very cautious and killing the joy of trading the stock! I have learnt to invest only what I can afford to lose in the market and nothing more, GLA to all investors, although I have been bitten quite a few times by 88e , still holding a lot and hoping for the best this time around.
Summary of this morning ‘s RNS- easy to understand, no confusion, even for de- tampers. Hahaha
88 Energy Ltd - Australia-based, Alaska-focused oil explorer - Says the Hickory-1 exploration well is drilling ahead after successfully intersecting the SMD-A, B and C reservoirs. The initial data shows elevated mud gas readings and high resistivity that indicate potential hydrocarbon pay. Says logging-while-drilling data collected over the primary targets indicates potential hydrocarbon pay that will be further assessed by the wireline logging and coring programme.
It clearly states in the RNS that “TD is at 11000 ft. So no need to go further, everything else is pure imagination, in my opinion, enjoy the next 2 weeks and get out when one can! Hopefully with a profit.
“It is expected that it will take a further 3-5 days to drill through the secondary SFS and BFF reservoir targets. Shortly thereafter, the well is expected to reach TD at approximately 11,000 feet”.