Member Info for TrollHunter2

Exactly and we could be looking at that status by year end weather permitting (Turkish winter) OR Spring at the latest.

So we're only talking months not years..... no planning and no swampies to fight.
Cost of drilling is far less...... should be a relatively painless exercise compared to what UKOG LTH's are used to seeing!

Great information in the interview. Fingers crossed they can get drilling and in production before the Turkish winter.....then it's ££££££££££££'s to UKOG
2021 could be the year of Turkey! ...... always liked that country :-)
If they give us oil £'s I'll vote for them in Eurovision :-)

Great stuff, looks like they've been working hard on this and doing their due-diligence.

There's oil in them there hills!!!! millions of barrels.

Perfect trolling statement form the troll handbook Skwizzy chap.

on this today.

Do your fundamental research and calculate the value this adds.

ignore the noise from the usual trolls on here!
This is huge!

Not think.... just UKOG bashing as usual. ....... Skwizz on buddy.......

It's all in the RNS and this is a huge oppotunity for UKOG shareholders to bounce back very quickly now..... far quicker and cheaper than UK oil........ swampies win....we're going to the less regulated more polluting parts of the world!

The Swampies get what they want...... dig oil up across the globe and ship it to the UK for our use...... hugely increasing the pollution footprint per barrel over and above domestic oil and gas......... well played Swampies!!!

UK Oil & Gas PLC

("UKOG" or the "Company")



Entry into potential high-impact Turkish oil appraisal and exploration project



UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has signed a binding heads of agreement with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year.



The Licence lies within the SE Anatolian basin, a geological continuation of the prolific Zagros "fold-belt" petroleum system within the foothills of the Taurus-Zagros mountains in Iraq, Iran and Turkey, one of the Middle East's major oil producing areas. Multiple producing oil fields lie to the immediate west and south east of the Licence, containing significant proven recoverable reserves.



Material discovered resource potential



A June 2020 report prepared by Xodus Group Ltd ("Xodus") for AME calculates that two identified geological targets within the Licence's Cretaceous Mardin limestones, the undeveloped Basur oil discovery and the Resan "missed" oil pay opportunity contain an aggregate unrisked gross mean oil in place, or oil in the ground before extraction ("OIP"), of approximately 253 million barrels ("mmbbl"), with a significant high case (P10) gross aggregate OIP of 495 mmbbl.



The Company's and AME's evaluations of the available 1950s and 1960s well and geological data conclude that potentially significant moveable oil within the naturally fractured Mardin has been overlooked by prior operators in both Basur and Resan (i.e. missed oil pay).



An undrilled exploration target in the shallower Garzan limestones, Prospect A, adds further unrisked upside OIP potential of between 68-112 mmbbl in the mean and high case (P10), respectively.



Note that UKOG's internal evaluation sees further upside resource potential than is currently identified by Xodus.



The Basur discovery, made in 1964, whose primary target was the shallow Cretaceous age Garzan reefal limestones, recovered 600 bbl of oil to surface from deeper naturally-fractured and dolomitised Cretaceous Mardin limestones. Core and cuttings contained live oil. Of the oil to surface, 500 bbl were produced over a 6-hour test period, equating to an extrapolated rate of 2,000 barrels of oil per day ("bopd").



Similarly, wells drilled in the 1950s at Resan originally targeted the overlying shallower Garzan but found good oil shows within the Mardin, although short tests were inconclusive. As the Mardin's natural fracture potential was largely unrecognised at the time, it is AME's and the Company's view that the Resan wells were not adequately tested.



Both Basur and Resan were drilled before the potential of

Agreed..... no old folk planning to fight and fully supported by the government to push forward at speed..... this year...should see a quick turnaround relative to what we LTH's in the UK are used to!!!

"Note that UKOG's internal evaluation sees further upside resource potential than is currently identified by Xodus."

Far more derisked investment now and not held up by UK planning restrictions.

Onwards and upwards..... SP will be a rollercoaster today as the numbers sink in.
This is year is only five months remaining....so potential a very quick turnaround on investment here now for a huge oil play relative to what we are used to. UKOG adding their limestone expertise to AME's local knowledge and we have 50% of the play :-) Excellent stuff...

Nicely played Tymers.
Think we should aim for a 10p party in the Blackhorse when this explodes north.
UKOG only have to complete operations on HH-1
Rework HH-2z and start the HH-3 drill and this will push sentiment far north of here.
Might actual get the old folks to admit their errors on Loxley in the coming weeks too....that alone will see us at 0.5p again in anticipation on how much revenue that gas well will kick out.
GLA LTH's

UKOG profits.....increasing :-)

Oil price rising, time to drop the anchor Stephen Sanderson and get on with building the six well Horse Hill site.
Loxley will be approved in time. Let's build what we already have permissions for and generate that shareholder value we all know is there.
IoW planning will take care of itself in time too, prove up horse hill first and then scale up from there.

Seems UKOG have too much choice .... a good thing.... so much value to be realised.

Fear seems to have set in for weak holders her and swampy trolls winning the day.
At the same time UKOG profit and fundamentals increasing giving investors confidence to top up and hold strong.... including me... thanks traders :-)
I bet the chap on the hill will be buying back in soon and changing tack on report doom and gloom nothing happening...... apart from UKOG pumping oil and rolling tankers daily while they plan the next big move.
Simples.

UKOG in production on their flagship site with tankers rolling everyday.
Cost of production only $13pb
Price of oil $43.17pb and rising.

Huge list of assets to monetise over the next 24 months.
All onshore and low cost.
It's simple fundamentals and if you only look at the shareprice you'll completely miss the point of investing.
Traders need to follow the daily SP.
Investors should just be focused on fundamental research and unrealised potential.... read Warren Buffet ways of working....seems to have paid off very well!!!

Ignore the trolls and stick to your own research...... I know that means not even reading this board anymore but it's probably the best call with all this swampy driven anti UKOG propaganda LSE allow.

People are selling UKOG who have oil tankers rolling out of the gates full each day..... to buy into much more risky oil discovery companies.
UKOG is priced well below current daily productions rates and expect to be pumping much more by year in.... and under a production licence.
Very strange to sell UKOG right now.
GLA

SKwizz troll has woken up and busy again.... paid by post ?

Maybe UKOG simply lobbying central gov and skip the old folks home in Surrey, since it's national energy policy and every project to promote jobs and the economy needs to be pushed through right now.

It's actually an own goal for the XR Monkeys to protest against this because as SS said in the planning (although none of the old folks wanted to listed...think they went for weeeee at that point) UKOG will produce Hydrogen in preparation for clean running hydrogen powered cars and trucks..... zero gas emission and only water produced.
This project needs to be approved ASAP on several fronts!

I suggest people call the company if you want to know more than in the official RNS's.
The plan seems clear to me and they have a lot to keep them busy over the next couple of months.
It would be nice to know the next steps physically taking place at Horse Hill but I think they are also replaning activities since they've been delayed at Loxley.
They might even crack on with HH-3 now they have some spare capacity ???
Watch this space for the next RNS...... or other spaces where the information flow is quicker :-)

Some people showing they are not very good at research on here today.... if they are genuine.

HH-1 current flow rates alone justify a SP higher than today.
With the summer optimisation and production intervention work done it will be over 500bopd.

I'm not even going to go into all the other assets but Loxley would have seen income hugely up by year end which is why we were seeing a spike in buying. No planning posted yet and assume it will be overturned in short fashion if they do.
Loxley will be approved at some point.... if it's soon then many who genuinely sold at this level will be caught out sadly.

Each to their own and best of luck to genuine investors trying to make a better life for themselves and family.
Not so much luck to trolls and swampies though..... you can do one!

Have a good weekend.....transformation is coming!!!

No decision posted from SCC on Loxley yet. They are obviously trying to work how to avoid huge appeal costs and may hide behind technical issues in running the meeting so as not to lose face when they reverse or re-run the meeting.