Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Sting69
I don't think that he will filter you.
Banned poster Rodder's Jones. AKA. Cyndiliar is very bitter after selling his very publicly bought stake of £100,000 in UKOG showing his buys on Twitter.
Hopefully it's time for the good times to roll again.
Ocelot
The answer to your question on Loxley positive is to develop a farm in or partnerships with AME if it is necessary after the drilling of the Turkish well. Should this be successful and finance can be raised at more favourable rates.
If not a farm in or partnerships may be the way forward.
AME state the are looking to float on the markets and Cem Soyer is a UK resident.
This may be how the Turkish partnership came about in the first place. The initial drill in Turkey was necessary to prevent the loss of the licences for non fulfilment of works. UKOG have potentially made the Turkish licenses work for AME.
Mirasol
You see to have forgotten or choose to ingnor the multiple benefits of Loxley.
The two main benefits are for gas in the Portland and a deeper appraisal of the Kimmeridge which is part of the works on showing the extent of the Kimmeridge reservoir with in the UKOG acherage with the HH licences in the North, BB in the South, Loxley in the West and who knows is Angus can provide information or data from Balcome.
Time will tell hopefully we will have some increased production to smooth the way.
Ninetails
The only consideration that I can give you is that now all permissions for the 6 wells, water injection and transport are now in place for HH.
This would have previously been a disincentive or made a lack of clarity for a farm in agreement or prevented drilling, with all the legal challenges against Surrey council's planning permission for further development. All oil Transport issues have now also been resolved.
Hopefully now will be the time to move forward after many years of delays. The method of finance of future development is now key with dilution or partnerships.
Ninetails
If I remember correctly. 'Farm ins' were mentioned by UKOG as s way of development recently. It may have been in a RNS but I think that it was in the the final report and accounts statement.
It more likely spoke about Horse Hill at the time as the Loxley decision had not been made at that point. Now the Loxley decision has now been taken it could also apply to Loxley or the further PEDL234 especially if UKOG is not allowed to raise funds to do it's own exploration and development.
Maybe there will be further integration between UKOG & AME for further development in the UK. I believe that I read that the backers of AME were international companies but we shall see.
New drill or drop article.
https://drillordrop.com/2022/06/21/eight-new-wells-for-east-yorkshires-west-newton-gasfield-plan-unveiled/#more-93907
Drill or drop article of the development below.
https://drillordrop.com/2022/06/21/eight-new-wells-for-east-yorkshires-west-newton-gasfield-plan-unveiled/#more-93907
This article has a interesting section on using oil based drilling muds instead of water based drilling muds as it has caused formation damage similar to the problems encountered at Broadford Bridge. The rock formations are also naturally fractured.
https://drillordrop.com/2022/06/21/eight-new-wells-for-east-yorkshires-west-newton-gasfield-plan-unveiled/#more-93907
nomlungu
Maybe having controlled oil and water flows from HH1 for UKOG now have a idea of of oilflows, revenues and profits once water is reinjected at various oilprices.
Penguins
With that outlook why are you here?
Oh haven't I been asking you that for a long time.
Your still here claiming to be a shareholder posting only negatively on UKOG.
Your posts can not even be discribed as objective for someone pertaining to be a shareholder.
Skwizz
Up to being the key statement!
This provides many options depending on what is going to be done and the share price at the point of any placing.
That also leaves the possibility as in the last 12 months that not all funds are used.
JustBe
By early July it will be 12 months since funds were raised for the newoperations in Turkey. Dispite many posters crying wolf, continuous posting claiming placing coming it has not materialized.
All this while the court of appeal case for Horse Hill 6 well development has been won with UKOG owning 86% not the 32% when the EWT began in 2018. Future oil and gas sites have been secured in the UK and internationally.
I am looking forward to seeing profits rise and hopefully flow rates also following the addition of water injection at Horse Hill.
I would like UKOG to be self funding its growth as expected at this stage but the directors have laid out plans for future growth and development of the company which was also part of the 2018 changes to a production company.
While these new developments are a major changes of direction for the company it does embracing future UK energy ethics and requirements towards net zero 2050 which should ensure future sustainability going forward while helping the company towards balancing it carbon footprint.
Oil demand is expected to grow to record levels next year. If production can not meet targets prices will only go higher.
https://oilprice.com/Energy/Crude-Oil/IEA-Sees-Oil-Demand-At-Record-High-In-2023.html