Member Info for wizard125

ZYX098

There is definitely a lot of speculation about HH.

Im sure that there is alot of hope and expectation that the current 50 BOPD will improve once the water injection system for HH2 is finally compleated.

A little background without over exageratingI hope!

1. HH1 was producing upto and over 300 BOPD before the major water problems started after a well intervention.

2. Oil production has been controlled to minimise water export costs which may or may not increase when costs are cut with a successful water injection system.

3. We still await UKOG's communications about
re-establishing the HH1 Kimmeridge production after a extended shut in period?

4. We were always advised that a new CPR would not be produced for HH until after HH2 and possibly HH3 was completed.

5. It is interesting to see DL with his inside knowledge of Horsehill still keen to be involved in its future development especially after all of the challenges that have been encountered.

6. Will this be the turning point that many have supported and are waiting for?

We will see!

Gl.

Penguins

In that case you appear to be one of the long term investors with incessant negative posts who has no belief that any good will ever come for UKOG and its operations.

In that case Im not sure why you continue to post.

Surey it would be much better for your health and wellbeing to accept your losses and move on?

Gl.

Nineties

Mone mone and mone again!

All I ever use to hear from you was complaint after complaint about SS and UKOG!

Then there was a dramatic transformation where you broke even or made a profit by trading.

What you seem to have forgotten is this is a investment.

Why did you not sell up and move on with your sour grapes attitude.

Now again you have no one else to blame apart from your own greed for your situation!

A special mention to Ibug, Penguins, JustBe and others including Skwizz for manipulating the shares of the company through pervasive influence on LSE discussion board and the nimby qualification.
...........

Is there anyone named above who would like to say anything to your fellow comrade and green activist friend?

Ocelot

Have they definitely decided to drill only the Portland or have they not yet decided on the Portland or Kimmeridge layer?

ART123

DL apart from being the former Executive chairman and CEO of UKOG from 2013 / 2017 prior to SS becoming CEO of UKOG was also chairman or CEO of Doremus and a board member of HHDL.

He was instrumental in the purchase of HH and fundraises, planning & drilling of HH.

It appears obvious to me that he retains a key interest in its success and likely knows as much about the Weald play if not more than SS.

There will be many who believe that he is just in It for a fast buck. Im not so sure!

DL if I remember correctly walked away disillusioned at yhe time with the UK government slow response and aparent lack of interest in fast tracking the HH project as a national interest.

HH is now getting there much slower than he would have liked but has the 6 well and water injection planning permissions and environmental permits.

Once the supeme Court ruling is out of the way. I think it will be all systems go especially if HH3 is sucessfull.
A new CPR and more Wells will follow with development of the other UKOG projects into the future.

Things may not look to rosy at present but the potential, foresight and future development plan foundations have been laid.

Sooner or later will move forward and I hope that the long term holders will feel the benefits of there investments.

Gl.

Penguins

PPP seems to have plenty of leeway for raising funds with only 86 million shares in circulation.

If PPP has only a 49% share in the HH 3 well this may prove to be a very good deal for UKOG shareholders, especially if the well is successful and a new HH CPR is produced with the potential for another 3 wells to be drilled and the further considerations of Kimmeridge potential exploration and development.

Oh penguins

Did I not tell you the other day about a farm in to HH which you rubbished me and my post for as usual.

If you read this RNS it clearly states that PPP will only receive there licence share following completion of the HH3 drill this implies if the HH3 well is not completed there will be no share of the licence %!

The interesting thing is that D.L. still believes in the potential of HH and his knowledge from his days as chairman /CEO of UKOG from 2013 / 2018.

Penguins

I have been asking you for as many years as you have claimed to be a UKOG shareholder?

'Why have you not sold up and moved on if you are so disgruntled'

Why have you never answered this question?

The most likely answer is that you were never a shareholder and have a totally different agenda here!

Ninetails

The oil and gas industry is sometimes a long term play, unfortunately the jury still remains out on that one.

Time and patience will tell but you have to be in it to win it. If I remember correctly you were a big loser here complaining every day like Rich but traded yourself into a more favarable position.

Hopefully there will be better times ahead for many more not as fortunate as yourself.

No positives as usual Penguins!

Cynditroll on his pedastool again?

Ocelot

Turkey is good news especially when it is already fully funded. A new revenue stream will be very positive news for the
company going forward.

I am not sure if there is any reason that UKOG can not become even more of an energy company in the UK by leasing land within its UK licence areas developing wind power and solar power as another move towards the transition net zero 2050 and beyond.

I'm sure that it will not make any difference to the greenies who just seem to want to disrupt any forms of energy production and UK plc.

nomlungu

I also am underwater and understand your words of blind faith and optimism very well but just because the going gets tough should I give up?

Sorry but it's not my style!

For all the many words of the many posts of doom and gloom over he last few years UKOG is still ticking along to the great disappointment of many posters here on a daily basis!
(Mind there motivations)

Has everything gone well, right and as we had all hoped or expected? 'No'

Is UKOG the dead duck with no future that some would have you believe? 'Not in my opinion'

Apart from the Weald & developments of oil and gas in Turkey UKOG seems to of turned itself and the future of the company to the future with developments into geothermal, gas to hydrogen and future gas and hydrogen storage leading the way upto the transition to net zero 2050 and beyond as a new style of energy company for he future.

I remain still remain disappointed but optimistic, hopeing to see some benefits in the future of my investment even if it didn't turn out just as I planned.

One benefit of higher oil and gas prices may be a higher net present value of the companies assets when a new CPR is produced.

Gl.

Ocelet

What if a farm in was not just a farm in to Loxley but also included a farm in to develop HH once the supreme court has ruled on the Sarah Finch case.

I look forward to a new UKOG, CPR, things could indeed change very quickly just like they did in the summer of 2018 before the HH flow tests.

Nobody understands how UKOG can be planning or will ever finance all its future plans. But maybe rabbits out of hats is all part of the plan.

Time will tell and hopefully the patient investors will be rewarded for there loyalty.

Gl.

Ibug

Was that not just gas production from one verticle well HH1 that you are talking about?

It was stated many times there is a lot of gas at HH, which remains to be seen. The smaller flair may have been part of the site downgrading for its current status which can always be changed back as needed.

Maybe you could consider the possibilities of how many Wells and how much gas may be produced in the future?

Try looking at the bigger picture for once, not your usual small town boy *****ing!

ZYX098

Water injection from other sites would be a good addition.

I believe the current quantity of gas produced and flared at HH is only a small percentage of what is currently permitted. Gas to wire was stated in the environment permit when viable

ZYX098

UKOG said long ago that flow rates at HH were being managed to optimize oil production and minimize water export costs.

When reinjetion starts it will be interesting to see what can be achieved.

Ells

Penguins has always been negative. Not many take his bait these days so he takes his chances when he can.

Hopefully 2023 will be a positive year for UKOG especially with the more positive asset values coming through over the last few years.

Gl.