Member Info for ZYX098

Well, I see the children have been let out to play in the last couple of days.

Resorting to their usual mantra that everyone who has the temerity to disagree with their inane ramptastic statements (such as “wouldn’t want to be out of this over the weekend” and “this is going to fly”) is a Greenie / JSO / XR / uninvested (or the Adrian special, are shorting the share), along with faux assertions that “they are worried / angry / scared”.

And in reality, that’s the only avenue the ramptastic crew (with the notable exception of Ocelot) have for an attempted attack – personal insults.

They themselves have no credibility, having been ramping this share from the dizzy heights of 11p all the way down to where we are today – a fall of 99.998% - while at the same time the number of shares in circulation has increased to almost eight for every Man, Woman and Child on the Planet.

They can’t use facts, knowledge or experience to back up their ramptastic predictions – because the facts simply don’t back up their assertions and they have no knowledge or experience of the oil industry to even try to make a case for their claims.

If they tried to engage in a reasoned discussion with those of us who actually work in the industry, (and why else would I be in Houston at the moment – not known for being a Tourist destination, but is well known for being something else..) then they would find that we are quite happy to explain how things really work in the oil industry and why virtually everything UKOG has said needs to be taken with a big pinch of salt.

Or indeed, we can explain what UKOG should have said, but instead have omitted from RNS’s – like for example, that the original oil photo from Pin-1 wasn’t from the formation UKOG implied and that it had come up as an emulsion.

After all, the realists are the ones that have explained why UKOG’s own predictions haven’t come true, or why the current Pin-1 Well was clutching at straws even before it was spudded, or why the CPR for Loxley was disastrous - hence why nobody has tried to farm-in since then.

Instead, the ramptastic crew continue to rely on personal insults and posts such as “keep posting your negativity crap...” which lack any credibility, as they can’t explain why a realists post is either “negative” or “crap”, never mind both.

Ah well, since todays monumental price rise of 5.88% didn’t give me enough profit on paper to get a lap-dance at the local ‘Gentlemans Club’ this evening, I’d better get back to working for a living.

One thing that immediately grabs the attention is the diagram on their website of what a potential salt cavity storage development would like like.

It shows the Wells being deviated from a single pad.

Except for salt cavities, you have to leach out the salt first, which means moving the leaching string up and down (usually for around three years, but depends on the size of the cavity) while blasting high pressure water into the salt to dissolve it.

Apart from the salt saturated return fluid being highly corrosive, moving the leaching string in an 'S' shaped well like they show will produce extremely high casing wear rates - which is why all salt cavity Wells are drilled vertically.

Of course, to make it work, they wouldn't just leach out one cavity at a time, they'd have to do several - each of which requires huge volumes of water which all has to be treated (salt removed) to a level where it can either be disposed of or reused.

Even if it's treated, inevitably it picks up contaminants from the salt which means it has to be replaced within a few days.

So a massive, ongoing (years long) cost to leach put the cavities before they can even be prepared to accept H2 for storage.

I wonder what storage factor they'll be aiming for? After leaching, the cavity has to be kept at a certain minimum pressure, otherwise the salt starts relaxing back in to fill the cavity, reducing it's volume.

So you have to fill the cavity to a set maximum pressure (probably 75% of the fracture gradient of the cap rock) and then cycle the pressure between that and the minimum pressure required to stop the salt relaxing - so there is a lot of effectively unusable gas - gas which you have had to pay for upfront.

By UKOG's normal standard of RNS's, it wouldn't surprise me if the 'meeting' was Exxon and/or Sumitomo giving a presentation and SS was sitting in the back row of the audience.

Adrian,

You haven't answered one of my posts today.

What's wrong?

Worried, because you can't answer any of them?

Or scared you'll look FOOLish (again) if you try to?

Adrian,

What's not to like about DL?

I'll just remind you (yet again..) of this snippet from his Wiki entry;

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

Corporate Governance Related Criticisms

In 2009 he was one of a group of claimants, claiming that he had been libelled when an investment publication in South Africa had described the group of executives of one of Lenigas' ventures as "cynically and greedily indulged in self-enrichment at the expense of, and contrary to the interests of, shareholders."[20] The High Court of Justice of the United Kingdom rejected Lenigas', and the other claimants' libel claim, and found in favour of the publisher.[21]

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

In the past you have claimed that the Court judgement was wrong - yet DL never appealed the judgement.

Rather telling, don't you think?

You could ask the BoD of regency Mines (now Corcel) what they think of DL - but stand well back when they reply.....

Of course, they haven't done the 3D Seismic in H2 2023, have they?

You will naturally continue to (wrongly) blame your beloved Sarahs SC Case, but in reality it's the other licence partners that appear to not want DL involved again.

Also rather telling, don't you think?

Unsurprisingly you avoided answering Penguins question - if HH is really that good, why aren't UKOG doing it themselves?

Only two today....

Adrian,

Your naked desperation in trying to ramp this must mean that you are a member of the elite 99/100 club - the club for those that have lost 99% of the money they invested in a share...

Adrian,

Why are you still trying to push the false narrative that the SC Case has stopped them working at HH?

Even UKOG themselves have never hinted at it - indeed, their own RNS's say just the opposite;

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

RNS of 23rd Feb 2023

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, as a necessary precursor to its planned Horse Hill-2z ("HH-2z") Portland formation water reinjection project, the Company has now installed three, shallow, groundwater monitoring boreholes at its 85.635% owned producing oil field.

RNS of 15th August 2022

Preparatory work towards converting HH-2z into a produced saline water reinjector continues

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

If it were the case, they wouldn't have even started negotiating any farm-in agreement with PPP.

No, it's entirely down to their incompetence, not your beloved Sarah's Court Case.

The SCC delay excuse is in your imagination and only your imagination - just like the shorters you seem to think are driving the share price down, rather than the DSF doing it.

Just like you imagine that any posts of your actually get anyone worried, or scared - just a deflection tactic by you, accusing someone of something to try and gloss over your fantasy posts when they re shown to be just that - fantasies.

And since you seem to love DL almost as much as your beloved Sarah, I'll just remind you (again..) of this snippet from his Wiki entry;

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

Corporate Governance Related Criticisms

He has been accused of frequently "promoting a company, pushing up the (price of its) shares, then raising cash by placing new shares — and (thus) diluting the holdings of the early investors",[15] described as "a familiar tale with most companies he promotes".[16] His defence has been that "You can’t build a business on bottle tops.".[17] Furthermore, he has argued that it's not accurate to claim that "all his ventures have turned sour".[18] Although finance commentators have noted that most of the "hundreds" of companies he has been involved in, and "stock promoted" for, have failed to generate any successful shareholder returns.[19]

In 2009 he was one of a group of claimants, claiming that he had been libelled when an investment publication in South Africa had described the group of executives of one of Lenigas' ventures as "cynically and greedily indulged in self-enrichment at the expense of, and contrary to the interests of, shareholders."[20] The High Court of Justice of the United Kingdom rejected Lenigas', and the other claimants' libel claim, and found in favour of the publisher.[21]

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

Of course, in the past you have claimed that the Court judgement was wrong - yet DL never appealed the judgement.

Rather telling, don't you think?

The downside of being in Houston at the moment is I don't get the fun of witnessing Adrians morning rants, before they get removed by Admin.

But this morning must have been special, even by his standards, as it looks like he not only got his weekend nom-de-plume tossed, but another one he made up this morning, plus at least two threads completely removed.

He must have been on a real roll.....

Still no response Adrian?

Unsurprising.

Instead of which, you'd rather post an out of date article, poorly written by a journalist who doesn't understand the oil industry.

Hmm, somebody who doesn't understand the industry writing prose which doesn't make sense.

I wonder which FOOLish person that reminds anyone of?

What, no response Adrian?

As usual, trying to ignore posts where your complete lack of knowledge is laid bare for all to see.

Adrian,

What, no response to my earlier post?

Not surprising, since you have resorted to your usual tactic of ignoring a post showing your complete lack of knowledge of how the oil industry actually works, instead of which you start another thread.

Can you point out exactly where those of us who actually know what we are talking about say that the guns won't arrive on site?

Because that's what you are - wrongly - trying to imply.

And no, it's not the same as last time.

Those came from the local bunker store - these have to be transported across the Country - a whole different logistical & security exercise, considering the distance involved.

But then again, you wouldn't know that, being a Fire Extinguisher salesman.

Adrian,

Far better to keep your mouth shut and let people think that you are a FOOL, than to open it up and prove beyond all doubt that you are.

Since you know so much - you'll be able to provide your own time-frame and transport procedures, right?

Right?

Of course you can't - because you are a fire extinguisher salesman.

If you had the knowledge to work it out (which you don't, being a fire extinguisher salesman), you'd know that they are transporting at least 85kg of explosive (presuming 6 SPF) and could be as much as 170kg of explosive (if 12 SPF), plus the Detonators (more correctly called initiators, but I'll keep it simple for you..).

So a substantial amount to be transported through an area where a low level civil war has being going on for decades.

BTW, there are a couple of types of explosives that can be used in the charges, and they are much more powerful than TNT....

You and UKOG like to compare the operating area they are in to Kurdistan, so let me enlighten you on what I had to do in Kurdistan.

Firstly, we had to construct two explosive bunker sites (one for the explosives, one for the detonators) at the location, both of which needed protective berms and security fencing around them, 24 hr lights, CCTV and security guards (Army or Police).

Both had to be inspected and approved by the Asayish, the Military and the Police before they'd grant a certificate which allowed us to store explosives on site.

Even then, we were only allowed to keep a minimum stock of det cord, severing charges, tubing punches and detonators fulltime on location for fishing jobs.

To move either loaded guns or detonators to location from the central bunker store (at the Service Company base) required a minimum of five working days notice and in reality, they actually needed 10 working days to get all the permissions signed off and the permission was only valid for a three day period (you can see the problem that creates already...).

We couldn't transport the guns and the detonators in the same convoy - they had to be in two separate convoys at least a day apart.

Both required Military escort ahead and behind, with an additional spotter running ahead of the convoy. The convoy with the detonators always had a minimum of four armed escort vehicles for obvious reasons.

Travel was strictly during daylight hours only.

The Military escort would not leave until they had been fed. Sorry, I mean until they had witnessed the materials being offloaded and put into the storage facility on location.

So, unsurprisingly, BP was correct about the time frame and Military escort requirements, and you - as usual - are not only wrong, but you can't even say what you think moving explosives around in a civil war area would require.

Hmmm, can't even say the "R" word now.

bp / ninetails,

don't bother wasting your time on adrian - he's too busy frothing at the mouth over a song he thinks is sexist & ****** when it's nothing of the sort - but is very apt for him.....

Adrian,

I'm not the one who is pretending here, I'm simply stating the facts;

Fact No. 1 - UKOG have never stated - or even hinted - that the SC Case is causing any delays.

Fact No. 2 - UKOG's own RNS's clearly show that work to prepare HH for the conversion of HH-2z has been ongoing.

Fact No. 3 - they wouldn't have started the farm-out process to PPP if the SC Case was stopping things from proceeding.

Fact No. 4 - You FOOLishly continue to claim that your beloved Sarah's case is stopping progress, when all the evidence says otherwise.

That you feel the need to come back over and over again under a fake ID (because you already have a lifetime ban for abusing other posters), just proves beyond a shadow of a doubt how desperate you are to try and ramp this share, so you can try and recoup at least some of your losses.

Although not quite as desperate as using The Weald Groups figures for HH forecast production in preference to those published by UKOG themselves.

Oh, and I love it when you make up fantasies about other posters and who they are or know or what their share holding is.

Just for the record, I know from his posts that Ninetails is a mechanic on a Production Platform in the North Sea.

As you already know, I run Drilling Rigs and am usually Overseas (which is why I'm in Houston now).

So no, I have no idea who Ninetails (or for that matter, BP or Penguins) are.

But I do know that they have far more knowledge of the oil industry than a fire extinguisher salesman who - for example - doesn't know the difference between a slant Well and a deviated Well (which HH-1 is..).

Insidious,

Posting something as though it absolutely will happen "News from Turkey will arrive soon and this SP will skyrocket to dizzy heights." is not being positive, it's being deceitful.

Being positive would be saying something along the lines of "If we get good news from Turkey, it will have a positive effect on the share price".

I see Adrian is still trying desperately to push the narrative that his beloved Sarah's Court Case is holding things up, when UKOG have never used the SC Case as an excuse and, in fact, their own RNS's clearly state that work is being done;

RNS of 23rd Feb 2023

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that, as a necessary precursor to its planned Horse Hill-2z ("HH-2z") Portland formation water reinjection project, the Company has now installed three, shallow, groundwater monitoring boreholes at its 85.635% owned producing oil field.

RNS of 15th August 2022

Preparatory work towards converting HH-2z into a produced saline water reinjector continues.

BP,

Don't forget that when OPEC trims production, in reality it is Saudi plus Russia (Russia is technically OPEC+). The UAE makes a nominal reduction too - but not enough to matter.

If you look at the production histories over the last few years, it is clear that most of OPEC are actually unable to meet their quotas and Saudi has been acting as a swing producer.

Before the current agreement to trim production, Saudi nominally had about 3 Million BOPD excess capacity that was shut in.

Trouble is that the great majority of that was heavy, sour crude which there is little market for as only a few refineries can take it - hence why it's sold at a large discount to Brent.

While green energy is certainly helping meet electricity demand in some Western Countries, the expected transition of c. 2.5 Billion people into 'middle class' in SEA & Africa is forecast to double energy demand by 2050.

Even the UK's oil consumption is forecast to drop by less than 15% by 2040 while UK home produced supply will drop to just 20% of demand - and this study was done before the ruinous EPL devastated the UKCS.

https://www.statista.com/statistics/749076/projected-uk-oil-production-demand/

By 2050, even if we meet our Net Zero target (and the UK is rated in the top 10 Countries most likely to according to a report in the June edition of 'Science'), we'll still need fossil fuel for around 25% of our electrical power.

https://www.gov.uk/government/publications/modelling-2050-electricity-system-analysis

If all the announced green energy projects actually came to fruition, it still would not need the forecast World energy increase, hence why Countries all around the coast of Africa and in SEA are developing their DW Gas reserves as fast as they can - they need it for G2P projects, as they have done the maths and have seen that renewables are simply too expensive and unreliable.

I suspect that much of the current weak demand is driven by the poor economic outlook in the USA, Europe and China than any great swing to renewables.

After all, oil is used for so much more than power generation.

We may or may not have reached 'peak oil consumption' already, though most studies tend to show that being in the mid 2030's and after that, it will go into a slow, decades long decline.

So yes, we will need oil for a loooooong time to come.

Saw that a certain FOOLish poster was trying to claim that because there was a high producing (supposedly..) oil field 40 miles from Pin-1, then there would be oil in Pin-1 and it would flow at several thousand barrels a day.

Clearly this FOOLish poster doesn't understand Geology (after all, he is a Fire Extinguisher salesman), so what difference does 40 miles make?

Well, if the original Well had been drilled 5 miles North or South of it's actual location, BP would have missed the largest Oil Field on the UKCS, Forties - a 5 Billion Barrel field.

How about Onshore the UK?

Forty miles will take you from the Weald Basin (where HH is) into the Wessex Basin (where Wytch Farm is).

Wytch Farm produces primarily from the Sherwood, with some additional production from the Bridport. HH produces from the Portland, so even if the two were in the same basin, they are producing from different formations and the two are not comparable.

Reserves are irrelevant because of both the above, but just for grins; Wytch Farm (the largest Onshore Field in Europe) 382 Million bbls, HH reserves; not much...

And as a final comparison; Wytch Farm peak production 110,000 BOPD, HH FORECAST peak production; 3,000 BOPD, but actual peak production - who knows, as UKOG were very careful in their announcements during initial testing.

But with flush production from the fractures, they did claim 470 BOPD (at least for a few days..) in their November 2018 Corporate presentation.

Just for grins, this is what else UKOG said in that Nov 2018 Corporate presentation, with respect to their planned work program:

HH would be on production from six wells before the end of 2020, with drilling of four additional Wells commencing in January 2020

Arreton -3 would be drilled by Q1 2020

Godley Bridge (Loxley) would be drilled, cored & tested in Q2 2020

Broadford Bridge sidetrack would be drilled by Q3 2020

Arreton South would be drilled in Q3 2020

Hmmmmm, just how much of that work program has been carried out in the five years since then?

None of it....

Who knows?

It'll happen when it happens and there's nothing anyone can o or say to influence (or even predict) when the judgement will be issued.

If they are anything like the Civil Service, they are probably already winding down their work as Xmas is so close....

But irrespective, the odds of the SC finding in our favour are so high that it's already been baked into the share price.

If, for some bizarre reason, they find in favour of Sarah and her cohorts, the effect on the share price will be catastrophic.