Member Info for wizard125

Sparticus1974

The share price is here because of a global pandemic & a oil glut that will pass & we will come out the other side.

My & my opinion alone not including SS is that when we do we should be ready to move forward as quickly as possible.

That can only happen if the preparation is done now. This is a growth company which has underlying assets which when converted will reward the investors if you have not done your homework you should not be invested.

Exploration

Do you think that there is a egg cup full of oil on your garage floor? as we have been listening to stories like that for years that we would not get a eggcup full out of Horsehill. Yet from it's vertical we we are still producing over 300BOPD with more to come. That makes it the second highest oil producing well in the UK after Whych farm which is just the other side of the Solent you.

The irony really is in your comment for you understanding of the situation as the OGA issued the licence?

The good thing with UKOG is they do not frack & are a conventional production company.

Maybe you should be pleased with that as if another company were to get hold of the licence you may see a different type of planning application which would likely have a much greater effect on your community, but to think it doesn't happen is burying you head in the sand.

Exploration

Thank you for you repeated post but unfortunately you fail to understand that everyone has a right to comment on this application as the IOW is part of the UK as is the islands mineral resource.

UKOG purchased the PEDL331 licence from the UK government & as such has a job to do as does the council as there are procedures to follow.

If the outcome of a planning committee should be negative the company still has the right to seek the support of the UK government in executing it's mandate under the PEDL licence through the planning inspectorate.

SS has a job to do. How he is renumerated is not a concern for non shareholders & I look forward to UKOG producing 50 million barrels of oil from the IOW.

I will keep posting it the more that comment the better.

https://drillordrop.com/2020/06/27/opponents-of-isle-of-wight-drilling-launch-information-campaign-after-criticising-council-consultation/

Above is a article from Drill or drop to try & encourage anti IOW planning support.

Please send your comments of support for this application to the IOW council stating
I support on the link below!

https://publicaccess.iow.gov.uk/online-applications/applicationDetails.do?

Below are some answers to SCC planning committee reason they gave me for refusal .

“It has not yet been demonstrated that there is a need for the development.

In 2016, the UK imported 534 TWh of natural gas, 59% of total supply. Provisional figures for 2017 suggest a similar position. The vast bulk of imports comes direct from Norway. Technically, Russian gas can only arrive via the Belgian and Dutch pipelines, which amount to 10% of total imports.16 Mar 2018.

While it may not be desirable for certain people. I don't think that it can be denied that there is a need to produce gas locally in the UK.

The irony of many of these objections is more pollution for the environment.

Unfortunately your objection don't stand up with these needs especially when importing gas will create more pollution & help to prevent '0' carbon by 2050.

Go local, Go UKOG.

With regard to highways, noise, lighting and air quality refusal.

1. Planning officers report no transport issues.

2. A Environmental licence has already been granted.

I think that these committee members voting against this application should be held personally accountable for there decisions & any costs incurred as the planning inquiry finds in favour of the application.

Surrey planning committee decision to refuse permission on what it says that a need for the development has not been proved.

With about 60% of all UK gas being imported I think that there is a clear need for energy security, UK jobs, the UK economy, the balance of payment deficit as well as increasing pollution by having to import from 1/2 way around the world in some cases.

There is no longer enough natural gas being produced from the North sea for consumption & UK PLC also has less tax revenue than in it's heyday.

With some of the uncertainties of Britexit the UK is going to need all the resources it can produce.

If the link below does not work copy & paste

Policies MC12, MC14 and MC15 of the Surrey Minerals Plan 2011 Core Strategy.

onto your browser & go into the PDF document & dcoll down to the relevant documents.

Lewy10

Maybe if you had read my earlier posts you would see that I have addressed that issue.

That leaves your appraisal of me, in a unconsidered position just like Surrey planning committee decision .

One sided & not balanced?

Lewy10

Reading though your posts it's clear you are just trolling here with a agenda.

Who apart from the Director of the Environment Katie Stewart is in a position to determine that?

The environmental permit has already been issued so this must have been a consideration.

dryboy1

If this is a justifiable reason why have the county recommended the application for approval & recommended approval from the planners without believing there is?

penguins

It was my understanding that carbon capture was also mentioned. As far as the plant is that the equivalent of a refinery which oil is sent to?

skwizz

While I agree, I think that this point is being pulled by the hair & not exactly true.

The reason for this is that 'Planning Notices' have been posted, Invitations to public consultations have been issued & held & requests for planning comments were put out with deadlines for comments to be received. If anyone thinks that there is a duty not met please let me know?

Under these circumstances I believe that the duty of care has been covered.

skwizz

This is very true & shows the difficulties involved & shows why I am so shocked that UKOG has not led this application from the front trumpeting the '0' carbon & carbon capture points which are the way forward according to the UK government as a transitional way forward towards 2050.

That would help portray UKOG as a leader in the field & be great PR.

hully145

Only the UKOG email address: info@ukogplc.com

skwizz

Have you put this as a complaint to the monitoring officer as he probably had his points made before the meeting & as such had predetermined his vote.

rafafan

Copied & emailed to UKOG. Hopefully it will be helpful.

hully145

You should send this information to Surrey County Council as a complaint for misrepresentation!

nhawan

While I understand your point no one can force any director to buy shares in the company that they are a employee of unless it is a term of contract.

My concerns are that while the BOD are interested in the jobs, salaries, bonuses, benefits & spin offs they receive as employees, I question if there is any representation on the board for shareholder interests as there precious little communication in our direction.

It maybe something that shareholders should consider as to if it is possible for a shareholder interest director be appointed to the board (Sageman may be interested in the position). If anyone has any suggestions as to how this could be achieved please post them as I would be interested in the level interest or if it is possible & how it could be achieved?

SS makes a few comments of interest towards shareholder dilution to appease but actions speak louder than words, at present shareholder value seems a dirty word & is little & far between.

While SS runs the day to day of the company should it be he or the chairman responsible for shareholder interests & ensuring shareholder value, he states that they will spend shareholder money wisely & has put together packages for directors & employees while shareholders still wait for one!

It is always possible that a complete reversal could happen by getting oil flowing & 100% of the HH licence & a CPR published that justifies the last few years . That would propel UKOG forward into the other licences it controls & rewards the long suffering shareholders who are taking the risks & restore confidence in this company.

Difficult times, is there light at the end of the tunnel?