Member Info for ZYX098

So, Insidious still tries to ignore this - because he doesn't have the knowledge, experience or training to answer.

Instead he continues to prove he is a Norwegian Cave Dwelling Ogre.

Not surprised at all by that.

But you never know.

One day he may level up by returning to the Village that is missing him, and maybe then we could get an answer?

Although I doubt it....

IBug,

I know that when we were drilling salt caverns for gas storage in the 1980's, the then Dept of Energy also had oversight.

I'd be surprised if the HSE didn't co-opt people from the NSTA to bring in experience and knowledge during the planning, drilling and completion phases.

Having said that, the only risk is during the utilisation phase, long after the drilling & completion work is finished - in that respect, the caverns are no different from any other process which the HSE oversees - including already existing caverns (both gas and H2) in the NE.

And still Insidious tries to ignore the question, hoping it will magically vanish.

Because he knows he doesn't have the knowledge, experience or training to come up with a cogent response.

All he can do it post nonsense threads like "1000 bagger", because he's been shown to be a Norwegian cave dwelling ogre.

One more thing – notice the response of the Ramptatsic crew to posts that the Realists make pointing out the flaws in their claims.

Do they respond with reasoned arguments, backed by evidence, knowledge, experience and logic?

Or do they resort to cheap insults (“shorter”, “Greenie”, “Swampy” etc), generalisations or avoid answering the post altogether?

You’ll quickly see that it’s the latter – they simply hate being called out on their ramping BS.

Janiax,

I suppose by most metrics I'm an 'old' investor, having come on when BB was being drilled.

So, have I lost money on UKOG? Yes - never hidden that.

Do I still hold shares in UKOG? Yes - never hidden that either, despite the claims of the Ramptastic crew.

Do I still trade in UKOG shares? No. I very, very rarely day trade/short/whatever, as I can be called away at very short notice by my work.

What I do is run Drilling Rigs for a living - which gives me in depth technical knowledge on the oil industry that the great majority of people don't have.

My initial reason for posting was to help people understand some of the nuances of what was being done on BB, and indeed, what was being proposed by UKOG for HH.

Over time, this morphed into pointing out the holes in the RNS's issued by UKOG, as it became clear that not only were they being very, very careful in what they said in an RNS, it was also that they were omitting information that would normally be included in an RNS.

Todays RNS is a classic example. As it's their only major source of income, you'd expect them to have RNS'd that Horse Hill has been shut in since Mid-October - but nothing.

They did admit to exiting Türkiye, but no details about the cost penalties they were liable for by doing so.

Now, I - obviously - spend what time I am on here pointing out the holes in the claims of the Ramptastic crew trying to generate movement in the share price for their own means.

If you look at the pattern of posting, you will see that it's rare for the Ramptastic crew to actually use any logic, facts or knowledge in their posts.

They prefer to stick to generalisations or posting information that really isn't relevant - like, for example, StockCheques post on the H2 storage project in Germany.

Dsymons thread at 13:06 today is another classic example of a Ramptastic crew post.

Zero factual content, just an initial assertion that doesn’t stand up to the lightest of scrutiny combined with an assertion that is flat out wrong and a claim that the share price will rise substantially.

Note that the Ramptastic crew like to post things as if they were certainties – like “Once they get a grant and external JV partnership” as if both of those were 100% going to happen.

But the truth (easy to find if you DYOR) is that the Govt H2 storage model doesn’t involve giving out grants – the funding model is a price support mechanism for H2 sales AFTER the storage facility has been constructed and filled with H2.

As for an external JV partnership – no Company would partner with a Company which has a market cap of £2.6 Million, has liabilities (P&A and site restoration of BB & HH) that exceed it’s market cap, has a cash burn of over £200k pcm and will need to issue more confetti in the near future just to keep the lights on.

While we are waiting with baited breath for Insidious to respond, if anyone wants to check up on the Well data in the area, it's freely available on the BGS website here;

https://mapapps2.bgs.ac.uk/geoindex/home.html?layer=BGSHydrocarbonWellData

Each red dot represents a Well that they have data on.

By clicking on the dot and then 'view details', you can see what data they have for that particular Well and even download it if you wish.

For many Wells, they have multiple data sets received over time, so you might see, for example, "Record 1 of 4" at the top of the Well name screen - just click through each record and then 'view details' again.

It was using this data set that enabled someone (can't think who.....) several months ago to point out that the salt development at Portland wasn't good enough for use as salt cavity storage, as it wasn't clean enough.

The salt development actually isn't that good West of Weymouth either - which is obviously why they've gone for 24 small caverns rather than fewer large (i.e. cheaper to develop) caverns in their design.

But all rather irrelevant, since UKOG will have folded long before then.

Just in the last 24hrs, he has posted the same message (multiple times) on the UKOG, QED, AEX and AFC boards;

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Filter the trolls, it's easy, just copy their name then hit the filters tab just below where it says Share Discussion for Aminex, paste the name into there, then hit the Filter Chat button. Easy as!

All you will see then is this, which is much more useful to read than anything the trolls post.

This message has been filtered, please adjust your filters to view

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

It's obvious his modus operandi is to flood a board with unsubstantiated claims on a share to try and boost his position, then immediately attack anyone who has the temerity to call out his BS.

If his attempts to bully those who disagree with him into submission don't work, he then tries to get others on that board to filter them.

Immoral and pathetic behaviour.

StockCheque,

If you are going to blow your own trumpet, you might actually bother reading the RNS first, as it doesn't mention anything about the Storag Etzel project.

Perhaps because, as the UKOG RNS itself states, that the technology has already been proven.

In fact, a salt cavern for storing H2 has been used in Teeside since 1972, operated by Sabic Petroleum.

And you wonder why you don't have any credibility?

Well, Insidious?

I see that you have awakened and ventured out of your Norwegian Cave this morning, so are you going to answer the question?

Or still try and ignore it, in the forlorn hope that it will go away, so you won't have to show your complete lack of knowledge of UKOG and the Oil Industry?

Dsymons,

Care to back up that claim with some actual figures?

If you had actually done any research, you'd know that UKOG's only major producing asset (HH) has been shut in since mid-October 2024 and even before that their cash burn was in the region of £200k pcm.

They'll need a confetti issue by the end of March (and issuing this RNS at this point would indicate it'll be much sooner than that) just to keep the lights on, plus issue another c. 5 Billion shares to fund the P&A and site restoration of BB.

Even if they did have cash for the next six months, it's irrelevant with respect to H2 storage, as - despite what the Rampers claim - there is no upfront Govt funding for H2 storage because the financial model is for a Company to fund the development and initially fill the cavern, and then get a guaranteed price for selling the H2.

Cynder,

I estimate about £1.2 Million to P&A BB and restore the site.

The Well itself was left in a right mess and will need a Rig to P&A to the standards required in the OEUK Well Decommissioning Guidelines (Issue 7, Nov 2022).

They might be able to save a few thousand on the restoration if they can get agreement with the local Farmer and WSCC in terms of how much the site has to be restored. For example, the farmer might want the water storage facility left for his use, or even just the land remains uncontoured, so he can use it as a storage area.

StockCheque - you might have some credibility if you explained why you think Cynders post contains fake news (it doesn't...).

In any case, how do you know what his post says, since you claim to have all the Realists on filter? Or was that another misleading statement by you?

Not hidden - because it wasn't mentioned - is that their only major producing asset (HH) is shut in and has been for several months.

Also not mentioned is their future plans for HH.

Also not mentioned is their need to P&A BB and restore the site in the next few months.

Although they do claim to be saving £450 Million over the original Portland cost - which sounds great until you realise that they didn't mention the £1.25 Billion development cost in the first place.

And irrelevant since nobody in their right mind would give them £800 Million to develop a stranded asset.

StockCheque,

All that means is that you live in your own echo chamber.

I don't bother filtering Norwegian Cave Dwellers like yourself, as it's often quite humorous what you and the rest of the Ramptastic crew come up with to try and pump UKOG's share price.

Madit,

I hold shares in over 30 other Companies.

But I find UKOG the most fascinating as none of the other boards have such inventive rampers, and I'm always curious to see what made up BS they can try and spin into being the next good thing for UKOG, before they move onto something else being the next good thing.

Like quietly forgetting all the hoopla surrounding the LOS's and now posting research on filling caverns in Germany with H2, as if it's something cutting edge and brand new (it's not) and as if it is relevant to UKOG (who don't have any caverns in the first place).

And yes, I made a bundle on RR too - especially on those I got during the 10:3 rights issue at 32p.

Currently my best performer for the past six months is RKH - and they still have a fair way left to go, I think.

And the only one in my portfolio that I expect to do a confetti issue within the next six weeks - just to keep the lights on - is UKOG.

StockCheque,

We all know that the Trolls are here just to post misinformation, so why do you still do it?

Or is it simply that you cannot do basic maths?

What's up Insidious?

Still trying to ignore the question, because you lack the wherewithal to answer it?

Insidious,

We are still waiting for your erudite thoughts on this...

Insidious,

Well, you have posted 26 times in the last month and haven't posted on any other board for three months...

You must have been devasted at the result of Dale Vince's Divorce - so much less money available for you to deface national monuments with your orange paint.

What's up Insidious?

Cat got your tongue?

Or you can't answer the question, so you'll just try and ignore it?

So what is your prediction for what UKOG's share price will be on the 1st July this year?

Bearing in mind that their only major producing asset is shut in, they need a placing by the end of March just to keep the lights on, and they need a further placing of 5+ Billion shares for the P&A and site restoration of BB.

Go on - tell us what you think it will be and why?

Proper reasoning now, not just some vague assertion that "good news is coming".

Or are you going to continue to ignore this, because you don't want to show your complete lack of knowledge of UKOG in particular and the oil industry in general?