Member Info for wizard125

Ibug

Rubbish.

BB would have gone long ago had it not been relevant. That is what happened with the Holmwood ( A34) licence which was given up and it may be interesting to note that Angus say the Kimmeridge at Brockham is not worth pursuing but they are looking at going back to the Portland there and now can inject produced water from the site which would make it more cost efficient.

It is also interesting to note from todays RNS that UKOG has not given up the licence on the IOW which may be a significant sign that Geothermal may be pursued on the IOW at the Arreton site while there is also they have a second site earmarked at Godshill.

Grayling

The cynical might say that the Broadford bridge extension application is in the hope that the company goes into administration before they need to pay for the restoration of the site once it is proven commercially non-viable. A transparent attempt to kick the cleanup costs into the long grass.

......

The not so cynical may say that it shows the extent of the Kimmeridge reservoir within UKOG acherage with Broadford Bridge being the Southerly extent and Loxley being the Easterly extent while Horse Hill is in the North of the acherage. That would make the Portland gas advantageous but prove the extent of the Kimmeridge resources.

Better times ahead once Loxley becomes a reality imo.

Skwizz

Great news and lets hope that UKOG have booked a drill to drill the further wells at HH. Maybe they can even get one imported from Turkey under special emergency powers.

Ibug

To answer your question.

https://drillordrop.com/2022/03/21/new-name-for-oil-and-gas-regulator/

Cyndiliar

You were wrong before and wrong now.

Cry wolf! Cry wolf! cry wolf!

Mr Penguins

Maybe you have forgotten but we're you not told that UKOG would be going back to the centre of the Weald.

News comming soon. I think that news will come after the EA permit and water injection for Horse Hill giving increased production and lower costs.

Brent crude still climbing now at $116.28

Brent crude back to $113.60

All previous debt was also written down last year.

Its funny as once all the permits are in place and the resource is known it allows borrowing against the asset which with the current situation is likely to improve.

ocelot

Most companies have quite a bit of debt to start up and function.

Here debt is minimal with a control on repayment.

We are just awaiting the EA permits, some help from HM Government world help us along the way especially in such strange times.

"she's crazy and crazy people aren't logical I'm afraid. What would she do if she wasn't doing this? She'd never be noticed... she just wants the attention"

This also probably applies to a number of posters on here imo.

Is this the pot calling the kettle black?

Thank you penguins your options are well versed but time will tell. It has been a long 10 year road but there is a 20 year production licence ahead at Horse Hill for 6 wells plus water injection. The last 10 years have not been easy for the company or it's investors but has laid the foundation for the future of the start up company of UKOG.

I hope that I will look back in another year or so and remind you of your negativity and all of those that have lost out in following you beliefs.

Everyone has to follow there own beliefs and while you and many others have made your opinions very, very clear over the last number of years. A lot of work has been done and there may be a lot more to do for the growth of the company but hopefully there will soon be sings of a better future ahead.

There are many that will follow this investment through despite your best efforts to convince the world and it's brother that that this will not work out.

The one thing that you forget is that it is a investment to many, not just a trade and despite many companies going to the wal UKOG are now coming into a position to capitalise on the Investments that have been made. If things progress on the current basis the $70 a barrel value that the assumptions were made on will look undervalued when a new CPR is published as will Net present value of £15-18. This information may come sooner or later, may be after news on Loxley decision, the Turkey dril and the next Horse Hill drill we will see but for me it wil be onwards and upwards.

I wander if a continuous drilling program at Horse Hill will now happen with support and without all the previous delays?

Lets get it moving and producing!

Ian12

Maybe that was all part of the Loxley decision being called in by the secretary of state. We will have to wait and see if it also affects the Arreton decision.

Stranger things have happened when the chips are down.

Lets see if SS still has 'Kahonas'

Ade

I thought that your stated position was that you were waiting for the EA permit for water injection that would solve the water production and disposal costs affecting the HH profits and margins.

Have you sold up to early?

Maybe we will get the unexpected!

Should HH be granted its EA permit following the close of the EA consultation at the end of March maybe we can expect the news of the sale of HH just as Angus is talking about selling itself or Salt fleet.

It may require a release of the recourses figures from the Kimmeridge EWT or the bringing forward of drilling plans.

Turkey was always talked about as the future so lets get the past and present sorted.

Cyndiliar

Non shareholders have no access to the AGM.

The this is money article. It also has comments at the bottom.

https://www.thisismoney.co.uk/money/markets/article-10603701/Kwasi-Kwarteng-Insane-UK-shun-North-Sea-gas.html