Member Info for wizard125

Mirasol

The key question is when will the value be added for the dilution incurred?

Obviously many things have changed due to the global pandemic but the reality remains the same as before when normal times resume as long as UKOG come through this as many companies won't.

It is also now partly funded by production.

oilriches

Can you please explain you UKOG value of £100 million & how it is made up?

Many thanks.

https://publicaccess.iow.gov.uk/online-applications/applicationDetails.do?activeTab=makeComment&keyVal=Q7DSVFIQ07V00

Save the world!

Was David Smythe not thes so called expert that said the same about Horse Hill & that we would not get an eggcup of oil out of there ?

Now we must be at about 150,000 barrels extracted.

How many eggcups is that & is he back to get oil on his face again?

Xodus independent report of oil in place figures of 127,000,000 barrels oil in place in 3 structures if I am not mistaken.

Thank you for the three comments below just added to the IOW planning site which are below plenty of time for any more support especially with any new constructive planning point that have not yet been mentioned as the oppose comments may be many but they are just the same points over & over again like a broken record!

1. Neutral)
Comment submitted date: Thu 30 Jul 2020
Why does the uk goverment grant a licence to drill and explore to UKOG because they are in support of the need for local energy sources and UKOG are competant at what they do.

2. I am sure the island needs the success of this drill to happen to help its economy,especially in the current times and for the future.i am also sure ukog will do what it got to do safely and responsibly.I am in support of this drill.
Lets get UK WORKING.

3. Clearly over a number of years UKOG has acted responsibly in an environmentally professional manner, There is no valid reason to suppose they will not do so in consultation with local people to provide a valuable resource to prevent yet more imports passing close to the IOW damaging marine eco systems, Until such time that all petro carbons are redundant for vehicles we still need them for the thousands of articles being made, and its is far superior to source them here rather than from imports.

https://mobile.twitter.com/Heid_oil/status/1280788866383974400

Here is the reality of your dream Heid should you care to remember the same situation with UKOG a few years ago?

UJO 15% - 25 % the West Newton licences non operator before appraisal not even EWT.

Consider the future costs & dilution?

It may be a trading opportunity for you?

UKOG at Horse Hill 20% of the HH licence before EWT non operator.

UKOG now 86% ownership of the HH licence not just the HH site & the operator, no longer in EWT but now in full time production with surface equipment owned by UKOG to have one of the lowest OPEX costs in the UK as well as 100% of PEDL 234.

65% of the A34 licence 95% of the IOW licence & now branching out internationally with a 50% interest in Turkey to drill & monetize to develop its home grown investments which at the current time may be a little slow off there mark but once energized will find the fruition that they need to be on a roll for many years to come.

The link below takes you to the IOW planning site, you can click make a comment to add yours.

https://publicaccess.iow.gov.uk/online-applications/applicationDetails.do?activeTab=makeComment&keyVal=Q7DSVFIQ07V00

I fully support this application.

Oil and gas has to be mined where it is found and Arreton already has a known source of hydrocarbons.

UK Oil and Gas Plc. has a proven track record of responsible, safe and professional facilities management. They are currently producing oil and gas from a site at Horse Hill in Surrey in a manner that is safe and sympathetic to the environment and location. They have the transferable expertise that can, and is being applied to this applicaion.

The United Kingdom has a long history of importing Oil and Gas. Importing hydrocarbons is both detrimental to our balance of payments and adversely affects the environment due to the impact of shipping activities over long distances. Those same ships no doubt pass close by the Isle of Wight, belching out their exhaust fumes as they make there way around the coast of the United Kingdom, steaming to ports and refineries to discharge their cargo. Frequently other countries do not employ or monitor the same stringent health, safety and environmental parameters, as we do in the United Kingdom, in their own production and exploration activities.

Here is an opportunity for the good people of the Isle of Wight, who are significant and persistent users of oil and gas (and products derived from oil and gas) to show their support for a UK based industry, and activities of a UK company.
If the people of the North East of England can safely negotiate the implementation of potash mining (Sirius Minerals PLc) in an area as sensitive as the North Yorkshire moors for the benefit of the UK economy, then the population of the Isle of Wight can also shoulder a share of the load by exercising their generosity in supporting this application and navigating a satisfactory route for approval. In this case the exploration of the economic value and potential of the Arreton hydrocarbon resource.

The UK may well have a carbon zero target for 2050, but the need for hyrdocarbons remains for the forseable future as the economy changes course, not just for fuels but also for the hydrcarbon based materials that are required for manufacturing of alternative energy providing equipment.

UK Oil and Gas Plc has made it clear their intention is to work with the local population to minimise any adverse impact. There are no grounds to prejudge their intentions.

The Isle of Wight enjoys many diverse activities including agriculture with machines driven by hydrocarbons. The annual power boat race uses fuels made from hydrocarbons. Power and sailing boats manufactured with materials derived from, and driven by, hydrocarbons are supported by a massive base of enthusiasts and tourists who are consumers of hydrocarbons before, during and after their nautical hobbies and related events. No doubt they are protected by the excellent crews of the boats belonging to the RNLI whose craft are made from, and powered by, the same hydrocarbons.

Please do not use the smoke screen of local views on biosphere

Quite right TrollHunter2. The troll on the hill has no idea what he is talking about.

UKOG is not a 2 bit outfit like what he runs claiming to be fireman Sam. Things are working on many levels & places as things come around you are right & this will be huge.

It's not surprising to me that he has lost the majority of his followers with his irresponsible drunken rants that are not based on any knowledge of what is really going on.

Exploration

Thanks for the link is very helpful & goes to show despite all the 'NIMBY' protesters that there is industry on the island & it is compatible with what UKOG are proposing to do.

Maybe this could have not come at a better time for the development.

Is the fuel depot storage the 4 white tanks next to the power station or how many storage tanks to they have?

What is opposite with the grey tanks?

ian12

The closing date for the consultations was 24/7/20 it is usual for all to review them.

I think it is normal in applications like this that if there are issues that need to be worked though between the applicant & the planning officers & re consulted on this will be done to try & bring a application to the committee with a planning officers recommendation even if it takes longer now it makes things easier later.

Ash78

Thank you for your reply earlier.

Have you have you had a chance to look at the IOW planning application & comments. It would be interesting to have any thoughts & feedback you may have on the planning officers recommendation & how you think it will go at the planning committee meeting.

Obviously I think UKOG will now probably follow the generally successful procedure that it has up until now unless it feels any adjustments are needed for the planning committee meeting.

Penguins

Thank you both for your replays.

To my mind I think that that there is a contradiction between the 3 commercially viable wells referenced in the UKOG RNS of 14 February 2019 note (5) & the Zetland planning application from 21.5. 2019 to Surrey council.

I also understand the concerns of shareholders like myself in owning nearly 86% a asset that may only have 1 commercially viable layer instead of the 3 detailed.

I personally would love to see a HH CPR but imo. there remains a number of outstanding issues to be completed before a CPR or more wells are drilled.

Ash78

We argued that a change of use of one semi dwelling to non residential effected the term semi detached are the rights of the 2 should be equal but unless we were going to take them to court it was a no go.

Ash78

Thank you for the clarification. Where you are based in the UK is irrelevant as it is a national policy.

I asked as I once had to oppose a county planning application of one of there own properties against a change of use of a dwelling & speak at the committee & although we delayed the temporary to permanent change for a while the deputy director said it was in line with government policy & although it may be desirable to keep the original use there was no reason after the 2 previous temporary permissions. Effectively it had been established.

On one of the documents at the county meeting it stated that the director of the environment had the right to deem the application granted but this was in 2000 & the rules may have changed.

Penguins

You repeatedly say that the planning applications say that the Kimmeridge at HH & BB are non commercial.

Are you talking about the pressure or the flow rates & in which wells & sites?

Can you please post the links to all the planning applications that you are referring to with the page numbers which say Kimmeridge non commercial at HH & BB?

Ash78

Could you please clarify you position in town planning if not where?

It is my understanding that the executive director of the environment Katie Stuart has the power to deem a planning permission granted.

I am not sure of the criteria this can only be done under but if it is found that the planning committee has acted inappropriately & a appleal is not in the councils interest who knows.

basil1717

One of the major cost & time reductions in drilling will be that Aladin own there own drilling & work over Rigs & will not need a new planning permission every time that they want to use one.

Well done UKOG!

This is an excellent move & It is amazing at such times as we now face that the government & local government here drag out the planning process as they do. As you are now showing that if that is the case the UK is not really open for business & that investment is going abroad & you are looking after your shareholders interests.

I as probably you would prefer this was not the case as it would mean jobs & taxes for the UK but unfortunately the political climate does not promote itself at the current time.

Hopefully Boris will change the planning hold ups to get the UK back to buisness & the economy moving.

I hope that you the UK gets it act together so that UKOG can also bring in it's UK reserves for the benefit of all.