Member Info for ZYX098

I remember!!!

I bought RR at 79p, have sold enough to cover my original investment and still hold a bunch of shares, as I think there's still a lot more mileage in RR, plus they'll surely get a bounce when they start paying dividends again.

Was BB left with the test / production string in place, or was it temporarily suspended?

If the former, they'd be better in getting a Crane in to pull the string, run a Cement Bond Log and then temporarily suspend again while they agree a P&A program with the NTSA and get all the necessary kit lined up.

IIRC they had problems with the cement job on the 7", so they'll need to show zonal isolation there and also behind the 9 5/8" to ensure protection of any near surface aquifer.

If they can do that to the NTSA's satisfaction, they might get away without having to mobilse a Rig for the final P&A - in which case they should be able to do that all and restore the site with change to spare from £1 Million.

If they have to mobilse a Rig and mill out a window to be able to "restore the cap rock" with cement, then they'll be looking at between £1.5 Million and £1.75 Million.

Ninetails,

Odd that some are questioning why someone who works in the oil industry would be on a bulletin board discussing an oil company.

It's almost as if they don't want people who know what they are talking about to be on here, so the Ramptastic crew can't get away with making outrageous statements to try and manufacture a P&D to catch the unwary...

Ninetails,

I've always found it difficult to explain exactly what life is like on a Rig / Platform - usually I see the eyes go blank and change the subject.

Years ago, I was usually working with JU's in the Southern North Sea and in the early days we didn't even have the luxury of calling home - unless you used the SSB through Humber Radio - knowing that every radio Operator on a Rig/ship was also listening to your conversation.

Mind you, this was back in the day when the Drilling Superintendent's word was law, which meant that if there hadn't been a Helicopter or Supply Boat heading to the Rig for several days, I would call up the chopper company for an 'urgent freight' flight for mail, papers, milk, fresh fruit, veggies and a box of Mars Bars (if I was feeling really generous!).

Can't do that now with everyone and his Dog in the Head Office looking over your shoulder.

It's even got more difficult to do that sort of thing in remote land locations, with the advent of V-Sat comms.

But I have underslung a Cow to the Rig in the past - pity the Helicopter crew forgot to hang a static discharge wire off the harness, so the Cow took the full brunt of the discharge.

It didn't have much longer to live anyway.....

Pboo,

UKOG haven't said that production could double or treble, but you have.

So what is your thought process behind claiming that it could?

Pboo,

I notice that you haven't answered my questions.

Can you?

Ocelot,

I thought it was you who had posted about a Company whose name starts with two numbers - must have been someone else.

My apologies.

Pboo,

UKOG haven't said that production could double or treble, but you have.

So what is your thought process behind claiming that it could?

Ocelot,

I see your post mentioning A.N. Other Company has been removed?

I agree that it's looking positive, but I personally think the share has now been overbought for the potential results, so have taken just over 30% profit as being good and bailed out this morning.

I'll buy back in after they RNS the results and the share price settles down (which may be higher!), as I think they are worth a long term punt on the onshore acreage that they have just farmed into in Namibia. Very speculative, but enormous potential.

Incidentally, look at the detail that they have provided in their RNS's w.r.t. the testing program plan, progress and anticipated duration, and compare that with the practically non-existent details that UKOG give in theirs.

Pboo,

Internet Message Board 101:

If someone posts a statement and follows it with 'FACT' - it usually isn't.

Besides, if you haven't been invested, why were you continually posting 2p/5p?

The FOOLish waste of skin, reported and binned.

Bye!

Heard about this little snippet;

***************************************************************************************

Ceraphi Ltd & Farmonic Ltd completed the business case for UKOG’s Broadford Bridge well site, with extension for development granted by the NSTA.

***********************************************************************************************

Ceraphi are the start up Geothermal company that UKOG have mentioned in the past.

Farmonic also appear to be a start up (incorporated May 2023) using 'advanced technologies' for growing crops, office address is given as Cavendish Sq, but are advertising for jobs based in Guilford.

Strange that there's been nothing from UKOG on this and that the BB site is under consideration for extension to P&A, not for Geothermal production?

I would have thought that UKOG would have boosted this (if true) to high heaven, given their desperation for any news that could be considered as positive.

Rather odd really..

Not you Pboo, the FOOLish one whose latest incarnation has already been tossed by Admin.

Pboo,

Onshore Wells are named after a nearby surface feature, which is usually the nearest village / wood / farm (e.g. Singleton, Humbly Grove, Palmers Wood, Wytch Farm etc), not the subsurface formations that they are targeting.

The Kim Field is in the Hampshire Basin, not the Weald.

Kim-1 was drilled by BP in the late 1950's and put on production in 1961. They drilled three more appraisal Wells in the area at the time, which failed to find any more commercial oil.

Kim-1 produces from the Cornbrash Formation, which is Middle Jurassic in age. The Kim is Late Jurassic and is above (not below) the Cornbrash. The Kim actually outcrops along the coast in the area and there are a couple of well known oil seeps on it too.

However, it is not the source of Kim-1 production, which is being fed by a fracture network from somewhere beneath the Cornbrash.

In 1980 BP realised that the field had produced more oil than the mapped structure could possibly hold and so must be being charged from below, which led them to drill Kim-5.

Unfortunately that Well not only failed to find any deeper accumulation, it also messed up the Kim-1 Well (accidentally cemented it up during a casing cement job on Kim-5) which had to be worked over as a result.

Fun Fact;

The main target for Wells in the Hampshire was the Bridport Sandstone. The majority of the licences were operated by BG, with BP as 50% partners.

BG realised that there might be oil in the Sherwood at a particular location and proposed deepening the Well to find out. BP disagreed, so BG decided to sole risk and drill ahead. Just before the Sherwood was reached, BP changed their minds and bought back in.

The Well was the discovery Well for Wytch Farm and BG were going to be the Operator until forced by the Govt to sell their 50% to the Dorset Bidding Group, which resulted in BP becoming the Operator.

Waste of skin: I can't be bothered dealing with your FOOLish fantasies any more - binned and reported.

Cyn,

Agreed - that's why I think the NSTA will step in first.

As we now know is typical with UKOG, the RNS is as much about what is not said as it is what they say.

It was already known that the Kimmeridge contained oil - it's been drilled numerous times in the South of England and is the main source rock for NNS production.

None of the zones would sustain stable production - either under gas lift or pump.

They didn't actually say how much oil was recovered in total.

I suspect they didn't run a tracer in the mud system, so couldn't differentiate between water from the mud system, formation water or spent acid in the returns.

As UKOG themselves saidin their Loxley application, the Kimm isn't commercial at BB or HH.

To sum it up: Dry Hole.

Next Operation: P&A the Well and restore the site.

The new extension application is just delaying the inevitable.

If I was the NTSA, I'd be concerned enough about UKOG's finances to deny them the extension and require the P&A program to be instigated before the end of the year.

It's a waste of time trying to engage with the waste of skin.

As soon as you point out the giant factual / logical holes in his posts, he'll just revert to his usual courses of action; deflection, name calling and abuse.

Skewer him too much and he'll ignore the post and start a new thread.

Report the FOOL to admin for being a banned poster returning under a new ID and then just ignore him - let him play with himself in his own paddling pool for the rest of the time admin allows him to stay on.

Now, now Penguins.

You know that using things like facts, logic and experience to show he is talking nonsense just get that complete waste of skin annoyed..

PBoo,

I agree that Bumdebum's posts add nothing but invective to this board - which is why I have reported him in the past and called him out on it when he was here as Hmmnice.

If you are calling for him to be banned as he is a previously banned poster using a VPN to get on this board, then you'll agree that the same applies to Adrian, correct?

If you have no interest in the share price and haven't held any for three years, why were you a frequent visitor to this board posting 2p/5p?

Odd that you criticise other posters for being here when you claim they have no shares, but if you really haven't had any for three years, why are you here?

Adrian brings it upon himself - just some of his most recent abusive posts;

"nomlungu getting upset her weak little activist gob ****e online bully ninetails is getting some back lol!"

"Ignoring your boy friends trollung bulkshxt. "

"the green cancel bully girls gang are out "

"Night night. And look over your shoulder!"

It is a little irritating to be called a "greenie" and a "plastic oil field hand" by him, when he knows full well that I run Drilling Rigs for a living.

The reason he gets really upset and starts throwing insults around is because my knowledge and experience mean I can easily point out the giant holes in his logic.

But the reason why I despise him (and have never made any secret of it) is because he laughed at the death of a crewman on the JU Valaris 121 and also at Ninetails when he described fighting a fire offshore - the latter being absolutely disgusting for a Fire Extinguisher Salesman.

I missed Adrian already?

Oh dear.

How sad.

Never mind.

With regards to Ocelot, I usually disagree with his boundless optimism.

However, unlike the other members of the ramptastic crew, he doesn't resort to personal insults and for that at least he is to be commended.

With regards to SS and the others on the BoD, instead of taking a pay cut which would be mostly meaningless at this stage, I think they should all offer to forgo their salaries in exchange for the equivalent in UKOG shares.

At least that might focus their minds more on aligning their outlook with those of the PI's, many of us who have seen the value of their holding drop by 99+%.