Member Info for wizard125

Ibug

Forgive me but does that mean it is at a shallower depth than the Portland possibly the KL5 layer or at what depth to you think it is targeting?

Ibug

I know & HH 1 is already drilled to Kimmeridge depth unlike the HH 2.
The other wells are not stated as vertical or horizontal as far as I know & could all have a dual completion with water injection.

Ibug

If the difference between the Kimmeridge being commercially viable & commercial is your pipeline connection Penguins is going to have kittens.

Ocelot

What part of it?

Is that from start to finish or just the drilling?

Thanks Ocelot.

The initial Steven Sanderson interview quoted costs of £2 - 2.5 million for Turkey.

£2.2 million already raised have a listen.

https://youtu.be/-EcvNsIFxzU

Ocelot

What many should remember is following BB UKOG went back to Horse Hill for the EWT after raising £12.5 million with the shareprice rising from 1p to 3p.

It has bought out many of the partners but has not yet added the value to the company for what it has achieved so very understated.

When the market realizes that the new license in Turkey is progressing, drilling & testing this will move forward in leaps & bounds.

We should also have the IOW licence planning meeting and the the Loxley appeal boost to look forward to in the not to distant future.

Volume now still fairly good today at 394,063,735.

Volume a lot quieter today. 82,290,536

Penguins

Did poster Sanderson not tell you what would happen in November / December 2019. 100% HH & return to the center of the Weald which I presume is Loksley subject to planning permission from the appeal although the IOW may be first as if correct IOW planning may be before the end of April.

Then Turkey Basur 3 should be drilled before the end of June although this is contracted to there partner operator.

Better not forget the HH site improvements & 2 production wells at HH.

Aren't UKOG going to be busy this year lots going on should mean lots of newsflow.

With oil majors reserves having fallen by 25% since 2015 & exploration being reduced & cut back will we see a oil crisis with a shortage of oil on the next few years.

https://oilprice.com/Latest-Energy-News/World-News/Big-Oils-Reserves-Have-Dropped-By-25-Since-2015.html

Don't give up on those golden tickets just yet who knows where the oil price will be going on a few years time.

Penguins

As far as the Kimmeridge being a dud & buying partner's out before it is proved is more of your utter rubbish.

The Kimmeridge flow tests were probably completed by early 2019.

Following that from memory SS bought a further 6% of HH from Dorimous then a extra 35% of HH from Tellurian giving almost 86% at the point of the grant of the planning for the production for 25 years with 4 more wells.

Penguins

I think this link may clarify the situation.

https://en.m.wikipedia.org/wiki/Northern_Syria_Buffer_Zone

Penguins

I did ask you about the 'green zone: marked on the Genal website map in Northern Syria but you did not answer.

The answer is:

It is my understanding that the area is being annexed by Turkey & may open up the area ajoining the border with Northern Irak Syria & Turkey which is obviously now a proven oil production area as you can see on the Genal website.

You have choises ahead of you for your investment if that is what you believe.

Gl.

Mirasol

Do I detect a little bitterness?

Penguins

You & several other posters comment on UKOG buying out it's partners but in nearly all of the cases they were investment companies not operators like UKOG & AME are now so probably a better balance.

mirasol

You seem to forget AME is a private company so they can not just buy shares.

UKOG is a lot further down the track now having 86% of the HH licences, 95% of the IOW licences, 100% of the PEDL 234 licence and 50% of the Resan licence probably with more to come.

Should they show an interest I am sure that UKOG will rerate to fair value or a premium in fairly short order.

Houthi rebels are laying siege to key Aramco oil facilities…
And it could drastically impact the global crude supply chain.
You may remember that just a couple of years ago a similar attack took place sending oil prices into the stratosphere in the days following…
But this latest attack could be even more significant.
Why?
This is the second attack in just two weeks…
And the rebel group looks to be ramping up its efforts against the Kingdom.
As the de facto leader of OPEC and the world’s largest swing producer, Saudi Arabia is arguably the most important force in oil markets…
And any outages could significantly impact the price of oil.

MJFMSG

Thanks, no problem.

MJFMSG

Not advice just sharing my thoughts on the posters question as requested.

Is that not what a chat board is about?