Member Info for wizard125

galanoja58

I'm well invested & believe, but it's a long process in the UK & look forward to the different perspective & support in Turkey.

Ninetails

As I have said I personally believe that the evidence is there but the question for me is the timing of the release of that information & all processed & paperwork being complete.

Exploration

I don't see any evedence of your claims from 2016 or or wealthy Turks what evidence do you have.

ocelot

While it will be great to see the growth can this happen without the release of at least contingent reserves, do you think will we see this?

galanoja58

I think you can see the upset traders who have missed the bottom!

I think we will have to send a pallet of Kleenex man-size tissues.

It's just as well they will have water injection at Horse Hill soon.

ocelot

Your right & a placing may happen but I doubt it will be at this price.

We will have plenty of new investor's & by the sound of it a few crawling back with there tails between there legs!

Nkh

Your not alone Volume 360,771,059 so far today.

Here is a link to the Environmental agency's website for the public consultation on the Horse Hill 6 well & water injection Environmental permit if you wish to comment.

https://consult.environment-agency.gov.uk/psc/rh6-0hn-horse-hill-developments-ltd/

Nkh

Just for you.

Volume 275,846,145

Skwizz

Still not specific to Horse Hill & SS bonus based on figures from EWT & commercial & commercially viable declarations.

Research, research, research.

nomlungu

Those figures were oil in place accross the whole Weald.
Not Horse Hill specific. The Horse Hill figures can not be far wrong as he had a bonus based on the successful EWT with a commercial declaration & 2 commercially viable layers so the Horse Hill figures should be ball park right in the absence of the CPR.

nomlungu

I believe that that figure was accross the whole Weald basin what was the figures for HH as he has received his bonus on that figure after the EWT!

Volume 119,267,492

galanoja58

I think you did well to get out and come here when you did.

Yanis2005

Alba has lots of assets but does it have the funds to exploit them at this crucial juncture.

If it does it could rise sharply from here with the demands for it's assets.

Ozzy

Penguins was saying the same 2.9p.

No one can say that he is not consistent, but the saying goes 'No pay no play!'

Mirasol

My point was my understanding as a % of it's needs & it imports over 90% of it oil & gas to meet it's domestic requirements.

galanoja58

There are shareholders here who have been burn and many well underwater including myself.

I always try to look through the current situation & believe there is light at the end of the tunnel.

galanoja58

We have no confirmation of that yet but that would certainly be a big plus especially if they are prepared to lend at a early stage.

Turkey has a very low level of oil & gas production & relies 90%+ on imports so it will be in the countries interests to support exploration & production in any way possible.

All looking very positive especially if the extra 4 licences are granted.

Mirasol

The nearest we have to "also the banks are ready to invest." is this from last years interim report:

Fortunately for UKOG, on 12 March 2020, just before the Covid lockdown, Horse Hill was granted full long-term production consent by the Oil and Gas Authority (OGA), enabling us to continue stable production and, crucially, to enter into longer-term more cost effective service contracts. The OGA consent also enables us, at the right time, to allocate net recoverable reserves to the Company, a pre-requisite for future potential debt-based funding when oil prices return to better levels.

For me the positives were SS getting his bonus despite the poor timing which I understand was based on a successful HH EWT & should have confirmed the HH recourses despite them not yet being released, the purchase of the extra 35% of the HH licences & resources despite the current difficulties & the successful 25 year production licence with the extra recourses & permission for 4 more production wells.

If SS had not got his bonus from my understanding the EWT would have been a failure & the situation would be a lot worse here.