Member Info for ZYX098

BTW, congratulations on working out how to use Emojis.

It makes you look soooooo smart.

Or maybe not.....

Insidious,

It really burns you up that the Realists continue to live rent free in your head, doesn't it?

You should know by now that if you didn't make such dumb posts, you wouldn't be called out on them.

But you do, so you are.

And since you don't have the technical training, knowledge or experience to make a cogent post, all you can do is either try and deflect, or throw cheap insults at those of us who actually do work in the industry.

But what we can all see is that you are frequently here ramping this share - while ignoring (or, at best, making cheap shots at) the realists who point out the giant holes in your claims using pesky things like knowledge, experience, facts and logic.

If you really had topped up all the times that you claimed, you are well over 95% down by now and are being utterly desperate in trying to get some sort of P&D going (you obviously missed the last one...) so you can get some of your losses back.

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".

Insidious,

It really burns you up that the Realists continue to live rent free in your head, doesn't it?

You should know by now that if you didn't make such dumb posts, you wouldn't be called out on them.

But you do, so you are.

And since you don't have the technical training, knowledge or experience to make a cogent post, all you can do either try and deflect, or throw cheap insults at those of us who do work in the industry.

But what we can all see is that you are frequently here ramping this share - while ignoring (or, at best, making cheap shots at) the realists who point out the giant holes in your claims using pesky things like knowledge, experience, facts and logic.

If you really had topped up all the times that you claimed, you are well over 95% down by now and are being utterly desperate in trying to get some sort of P&D going (you obviously missed the last one...) so you can get some of your losses back.

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".

I wonder if UKOG will RNS this?

If they do, will they detail how much it's cost them (cash calls for study work and Pin-1 site restoration, compensation for leaving the licence, penalties for not drilling the required No. of commitment Wells etc) to leave?

I think we know the answer to both will be "No".

After all, UKOG have history in not letting PI's know that they have relinquished licences in the past (e.g. the IOW).

Besides, if they RNS'd this, then they'd also have to RNS that HH is shut in...

StockCheque / Madit,

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

Why are you quoting from the April 2022 and March 2023 reports?

They were issued under the last Govt and the current Govt is busy trashing or changing everything the last Govt did, even when it doesn't make sense to do so.

You should be referencing the NESO 2030 report - the Bible by which HM Govt are going to achieve Net Zero (or not, if you actually read the report) - but you won't, because it doesn't back up your fantasy ramping.

The only way to achieve a clean grid is indeed to get the energy storage in place BEFORE the substantial increase in renewable energy.

Everyone and his Dog and his Dogs Fleas can see that, but not HM Govt as their plans are currently the exact opposite.

Even the NESO 2030 Report admits this, as it forecasts that Grid Capacity constraint payments to wind farms will increase from c. £1.6 Billion last year to c. £4.2 Billion in 2030 (page 34) or possibly as much as £10.9 Billion (page 36) - all of which is just wasted taxpayer money.

Battery storage is not going to be able to handle the sheer scale of electrical power storage needed.

You are also deliberately - and wrongly - conflating H2 production (nothing to do with UKOG) and H2 storage (in reality, also nothing to do with UKOG).

However, the NESO 2030 Report doesn't even mention H2 storage as an option (Section 2.2, pages 22 & 23), referring only to pumped water storage and liquid air.

You are also ignoring that the NESO 2030 report mentions Hydrogen Storage just once - on page 29 - and to quote "However, large-scale hydrogen storage appears unlikely before 2030.".

The Govt may well (should!) eventually fast track H2 storage.

However, currently there is no sign of them doing so - as evidenced by the contents of the NESO Report and also their delay in the timetable for the first H2 allocation round.

If they do decide to fast track H2 storage, then it will be YEARS quicker (and cheaper) to convert both depleted gas fields and salt cavities currently being used to store gas - both of which are already readily available in the NE - than to leach out new cavities.

In that respect, UKOG would be a long way down the priority list of any Govt award (which - as you both continually ignore - won't involve any funding).

But that's all irrelevant, as UKOG will have disappeared long before then.

Their only major asset - HH - is shut in, with no timetable as to when (if ever) production will be restored.

UKOG will need a placing within the next two months just to keep the lights on, and they'll also need a placing of c. 5 Billion shares in the very near future to fund the P&A and Site Restoration of BB.

Oh, forgot.

Yes, Elon Musk can absolutely go and do one.

The sooner he meets his objective of getting to Mars, the better.

Jess Phillips actually worked at the "Women's Aid Federation of England" before she became an MP, so she has seen first hand what abuse of Women looks like.

Cynderlad,

Not quite correct to say the Tories hadn't acted on the recommendations - even the BBC acknowledges this.

https://www.bbc.co.uk/news/articles/c0mvmy3dwe1o

But there are still too many people pulling the "racism" card - I got called that when I said it was common in Pakistan.

Apparently having lived and worked there for over a year, and seen first hand just how frequent the appalling treatment of Women actually is didn't count....

Jiffy Bag,

Did you actually read the article?

The Geoscientists don't actually say it's been solved - they equally say it could be a coincidence.

How extracting a minimal quantity of oil from HH could cause an earthquake several miles away is beyond me.

Oil has been extracted from fields in Surrey and Sussex for decades.

How many people know that they are driving over a producing oilfield when going along the M25 at the Junction with

the A22?

If there was a direct link in Southern England, then given the amount of oil that Wytch Farm has produced, it's amazing that there are any buildings still standing in Dorset.

Oh, and Wytch Farm has had numerous Wells fracked - Horse Hill hasn't had any fracking done on it.

You mean like the RNS announcing the issue of 5 Billion shares to fund the P&A and site restoration of BB?

That would be pretty transformational for the share price....

Insidious showing yet again that the Realists live rent free in his head.

And at least another 5 Billion to come, just to fund the P&A and site restoration of BB!

Skwizz,

Going to be an....interesting.... year for O&G.

I don't think Trump will have as much influence on US O&G production as he thinks - the US Companies have been burned too much by over-production in the past so are much more disciplined, and I think they will be looking more at expanding LNG production & exports.

Quite probably to Europe (since the Russia - Ukraine 'Brotherhood' transit pipeline has now been shut down), and also SE Asia. With a cold Winter, spot LNG cargos could be the subject of bidding wars between the two areas.

Unless the China economy starts recovering quickly, the economic malaise in the rest of the Western World may not be balanced by growing demand in the 'less-developed' Countries, so we could end up with a temporary surplus of oil in H2 this year before the longer term effects of under-investment kick in and we move into shortage.

As a result, I suspect the oil price will be quite volatile.

So although I'm keeping my 'base' holdings in the likes of BP & Shell, I'm looking more at the smaller partners in large developments that should get FID this year (like RKH in SeaLion) and the minnows who may or may not hit big in frontier areas in Southern Africa (88E, AOI, RECO etc).

Well they obviously established it wasn't, which is why they want to rent an empty field somewhere in Yorkshire instead...

Still following the decline curve and would have been right at 20 BOPD for the end of 2024 if it hadn't been shut in - which UKOG still haven't RNS'd.

At least the water cut appears to have somewhat stabilised after it's jump during Q1 2024.

But the value of the receipts show that HH must have been perilously close to operating at a loss when it was shut in - and may indeed have been why it was shut in, as SCC hadn't instructed them to do so.

If HH production does start up again, they'll get an initial boost from flush production (which no doubt the ramptastic crew will jump on as evidence of some magical work-over being performed...) , and then it will quickly get back to what we have been seeing over the last few reporting periods.

Ninetails,

I think it just burns him up that we live rent free in his head.

Since he doesn't have the technical training, knowledge or experience to make a cogent post, all he can do is throw cheap insults at those of us who do work in the industry.

You Offshore, or manage to dodge it this year?

Happy New Year to you and your family.

Insidious,

I don't see any of the realists in here crying over their losses, that's just in your head - as we clearly are.

But what we can all see is that you are frequently here ramping this share - while ignoring (or, at best, making cheap shots at) the realists who point out the giant holes in your claims using pesky things like knowledge, experience, facts and logic.

If you really had topped up all the times that you claimed, you are well over 95% down by now and are being utterly desperate in trying to get some sort of P&D going (you obviously missed the last one...) so you can get some of your losses back.

Insidious - 27 posts in the last 30 days.

Skwizz - 18 posts in the last 30 days.

But Skwizz is the one posting 24/7?

So just the usual Ramper lack of logic and ignoring the facts...

Ocelot,

As you are well aware, I was talking about the funding model - not the timing.

Even then, it's hard to see how you can claim that this Govt has a more ambitious timetable, since the award date has - in reality - slipped to Q4 next year.

Ocelot,

SS - as usual - is talking out the side of his mouth.

It does not provide capital funding in the way he implies;

https://www.gov.uk/government/collections/hydrogen-allocation-rounds

But then again, when was the last time that SS was completely honest with the shareholders?

Would be nice if they'd issued an RNS to let the markets know what is going on with their only major asset......