Member Info for wizard125

Boovie

Mr008 was never right with any of his UKOG share price predictions.

Craigmccollum306

Have you any idea of the implications of the court of appeal hearing that challenges Surrey councils 25 year planning permission & what would happen should that planning on permission have to be revoked?

Victoria2

What proof have you got that HH1 is flowing water?

I think that the directors have informed shareholders & the market of there plans & intentions with regards to future plans & funding which it aiims not to do via dilution unless it is shareholders interests in the current circumstances.

Penguins

My thoughts are that they confirmed a change of plan for whatever reason.

I'm not sure that company directors have a duty to issue a reason for a change of plan.

What they did was issue new plans & have completed them.

Hopefully we have seen some of the result of that & will hopefully now see some more.

HH1 is in production now not under EWT & you have I think had a update from the company aswell as from the OGA figures.

Exploration

At some considerable expence is it not the case that UKOG now has at least one planning application in per licence awarded to meet its obligatory work commitments?

It does not need to buy any more licences from the OGA. for the UK especially as the UK planning & regulatory process is such a drag. & drain on resources.

IMO. Turkey 5 well farm in will provide some speedy cash flow solutions & if successful will help speed the NIMBY UK sector development.

Personally I see many developments & opportunities for UKOG in the years ahead especially with the major players going to be offloading assets & many not continuing much exploration work as they will need there investment capital to invest in deniable infrastructure.

At some point as oil is still needed & US fracking companies go bust due the oil price being below production price oil will be in more demand with less exploration & new supply to replace depleting wells, opportunities will return with better times.

Penguins

For your information.

No planning permission no meeting the work requirements. I do not see UKOG taking the actions to fulfill them.

I hear you constantly criticizing every move UKOG make what is your agenda & why are you so bitter as a self proclaimed ammeter have you ever drilled a oil well or worked in the industry?

https://drillordrop.com/2020/11/20/regulator-gives-oil-and-gas-companies-more-time-to-meet-exploration-commitments/

Exploration.

Why would the government not support its own work requirements?

Penguins

I have been listening to you claims of being a shareholder & complaining & negativity at nearly 3p per share & I listen to your complaints & negativity now of being a shareholder.

If you had or have no belief in the company or it's goals why did you not get off the roundabout . When you had the opportunity to ask questions & have a debate on here with poster Sanderson you ducked your opportunity but complain that you don't get responses from UKOG in my opinion you are you just a fraud with a agenda?

Victoria2

I am nothing to do with UKOG & state my long term posive opinions despite the ups & downs along the way the goals important.

From your posting history it is easy to see why comparisons are drawn with Heidi account on LSE.

Penguins

Not to call you petty but in all your rantings, considerations & negativity you seem to neglect to mention or consider the bigger picture & the obligatory work mandated under UKOG licences to appraise the Kimmeridge & bring a field development plan to the OGA by the licence extended date of 2024. Which includes HH licence drills, probably a second BB sidetrack & Loxley Kimmeridge drill.

No planning permission no drill!

How do you expect this to happen or don't you want it to happen?

Actions speak louder than words!

Victoria 2

You can try you lies, opinion & burying your head in the sand.

But facts are facts & had you done some research you would have read the percentage of success chance of risk or success in the UKOG documents.

I don't want to say you are gulable but obviously they would argue that words speak louder than action's in that instance.

Are you or they responsible for your investment decisions?

That sounds tough & I can not say that we all have lessons to learn myself included & hope that the statements in the UKOG interim results were correct at the time of issue & that RBL would have been used at the time of the last dilution.

My interpretation of that statement was that following the production licence being issued a CPR would have been issued with reserves allowing RBL.

There are two possible reasons for this not being the case on my personal opinion

1. The legal challenge in the Court of appeal never mind how it is pulled by the hair. Only the court can decide & we will see what happens after to the 25 year production licence & the other 4 well permission is decided.

2. The value of oil forecast in UKOG's forecast for comerciality was $60 giving a net present value of £15-18 per barrel. Whiteout that the company would be paying a very high price to borrow money by RBL in the short term compared to dilution to bring HH into production reduce opex to about $13 per barrel which makes HH production profitable at a low oil price as stated at the time.

The oil price has increased & will continue in my opinion but time will tell.

Maybe you should look how other oiler have faired by comparison in the relevant period as thing go it is a difficult time for many companies & I am sure survival & preparations for when better times come is paramount in company agendas.

Penguins

SO what you are really saying is that as long as UKOG pays up to a certain percentage on certain applications that have been supported it's commitment has been met as for subsequent production wells where the community has forced UKOG into a corner or refused permission & cost the company & it's shareholders there is no obligation?

Victoria2

While I am not UKOG defender did you read the RNS?

Did you consider that they may be forward looking statements?

Did you consider that you were taking any risks on investing here?

Please show me the guarenteed as I would be happy to see them.

Fortunately or unfortunately oil & gas is high risk & high reward.

What responsibility are you taking for your short, medium & long term investment decisions?

Exploration

The reason that I personally believe that the government will support it's policies for indiginous gas is that it is in the national interest for jobs, the economy & emissions over imports from wherever in the world & at present I don't believe that renewable energy like wind is proven especially with the current number of wind turbines which on a journey to Wales today through the many hill's & turbines were all idle as there was no wind to drive them & this is the end of November.

The irony is that you can have a million more wind turbines but with no wind you will have no electricity.

How many would say the want more nuclear power plants like the new one proposed for Soufolk.

Let's see the alternatives & what guarenteed energy security will be provided.

On the current wind generation it's lights out unfortunately with no security.

https://uk.mobile.reuters.com/article/amp/idUKKBN2880CC

Exploration

I hear plenty of 'NIMBY' comments about UK energy security like a 2017 report states the UK has 20 of secure gas supply.

If so why did this make one iota of difference & why are we a net importer?

securityhttpss://uk.mobile.reuters.com/article/amp/idUKKBN2880CC

Victoria2

So why did you invest with your fears of it wasn't to make a fast buck out of LTH.

Sorry I & many others will not be able to feel sorry for your current losses.

You paid you money & took your chance.

Some you win some you lose.

Let's hope you don't get diluted aswell to be sure sell up & take your loss?

Victoria2

Troll I think.

Victoria2

Actions speak louder than words & Im right or your not even invested & just a troll?

Penguins

If under national policy if it is not a policy to pay 6% of revinues in taxes & benefits to local causes anything which is not due could be taken out at appeal & not just for Dunsfold but for any future applications under any president set.

Victoria2

That can only be seen after the appeal.

Obviously the market has drawn a short term conclusion based on the uncertainty.

I am not here for the short term are you in for the long term I suggest not?