Member Info for wizard125

Ocelot

This is exactly why I believe that a farm in to Loxley would be ideal by Igas.

This tie up now that planning has been granted for Loxley would be a good deal for both companies in developing a joint exploration and development across both licences as a way forward.

Site permissions are not easily granted today as you can see and once proven would help justify further sites and development or buy outs.

Are the councillors running the country now?

Stockraiser

Jeremy Hunt having lost in his bid for the conservative leadership.

Stockraiser

What everyone seems to forget is that the government sold the licences for the purpose of exploration and development.

If it doesn't support any opportunity for development when it is presented has it effectively mi-sold.

gwilliams

I make that $1.1452pb when you add the 16% fall in the value of the pound from $1.40 over the last period.

Boovie

It sounds like Jeramey Hunt is on the warpath after being anialated in the Conservative party leadership contest.

InvesterInvester

More shares now but 86% of Horse Hill licence not the approx 30% at the time.

All that is needed is the value added.

Gl.

Who's buying?

Maybe someone who has seen the tankers leaving Horse Hill since the new pump was installed and has kept it to themselves!

£ / $ = 1.1927

Sting69

I think his profile picture was the one of a diver in a yellow wetsuit underwater.

He must of come up to quickly and got some sort of damage!

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.

Sting69

Love it.

I'm in for the long term, let's hope the good times return we know how quickly things can change here never mind the naysayers negativety.

Gl.

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.

Ibug

Well monitoring could be undertaken by 'Drill or drop' volunteers if they choose.

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