Member Info for ZYX098

No real answer JR90?

Thought not.

You are sounding more like Rocky's Wife - he had similar answers when someone had the temerity to question his thoughts on how the stock market worked.....

BTW, RR today are 151p, not 50p....

Commenting to bring this back to the top of the thread list, so JR90 can impart his well thought out logic to us on what I've said....

Humour me JR90,

You claim that you couldn't sell and use this as the basis to claim that the MM's need stock.

You then say that they restrict stock on low volume so big trades cannot go through.

But if you want to sell, there are apparently plenty of PI's out there who want to buy, so you are basically saying that the MM's are stopping them from buying?

So you are essentially saying the MM's are stopping people selling and also stopping people buying.

Nonsense.

Still doesn't make sense...

JR90,

Your last post makes no sense.

If the MM needs shares, then he would have snapped up any that were on offer....

Sting69,

Presumably you think that most of my replies are too long winded as well?

I don't think it's right to dismiss other posters out of hand without going into some explanation as to why I don't think what they are saying is correct.

I likely do got into too much detail, but I'm also acutely aware that the great majority of people on here have never been near a drilling operation in their life.

So it's a balance - like trying to explain to someone how to drive a car when they have never seen a car before.

Always happy to expand on what I'm trying to explain if people ask (e.g. Billy), but look at how many times what I say is dismissed out of hand by rampers that clearly have no clue what I'm talking about, and haven't bothered to try and understand the point(s) I'm trying to make.
Cardinal3's response is not unusual in that respect - doesn't understand the point being made, so dismisses it as bunkum.

But I do get irritated with a lot of the nonsense ramping that is posted on here, without good reason - some of it even contradictory.

For example, you have some (DL) claiming that this is an unexplored horizon, while others (Dilalia sp?) claim that this is a proven oil field.

The majority (including UKOG) are ignoring the results of the Kezer-1 Geothermal Well, even though it's only 400m away and has already drilled through the seismic anomalies that UKOG are targeting - is it wrong to point that out?

JR90 (or should I say Ells, as that's who you sound like..),

You are correct in that they don't need a placing for Pinarova-1, but also being disingenuous in the way you are wording it.

They'll have essentially no funds left from Pin-1, as they are carrying the full cost (as per AME's statements - and that should give everyone pause for thought as to why AME aren't contributing).

So they'll need a placing to fund the HH-2z conversion work and pay for Overheads - that much is clear from the accounts in their annual report.

Should the 3D Seismic confirm that there is a place to go to for HH-3, they will need funds to cover their part of that work program, as £4.6 Million isn't enough to cover it all - especially if they decide to do an exploratory leg into the Kimm.

Ultimately they will also need funds to build the Loxley location and drill the Well. Claims that another Operator will farm in and pay for the cost of the Well are unrealistic. They've has several years to try and get someone to farm in, and issuing a CPR containing questionable assumptions that only showed 2C reserves will not have helped.

And when better to do a placing than during the biggest ramp that UKOG have seen for several years?

Penguins,

You forgot to mention a couple of things;

UKOG stated that HH-1 would be recompleted as a dual Portland / Kimm producer.
Yet when they did the W/O, they didn't do so and no explanation as to why they didn't has ever been forthcoming from UKOG.
There has been speculation that UKOG somehow messed up the Kimm during the W/O and have kept quiet about it.
I would have thought that they would have admitted to something like that, as at least it would hold out hope of adding the Kimm reserves (and therefore boosting the share price) to HH.

Instead, the submission to SCC contained the little snippet that "The Kimmeridge is non-commercial at BB and HH".

Actually, not that much.

They'll not have any reliable flow rates (if it does flow naturally), as they are swabbing the Well and the photos show there is no DST equipment on location.
So any measurement of natural flow will be by the proverbial timing how long it takes to fill a bucket - not exactly accurate.

Will they know where any formation fluids are coming from?
No, as they are swabbing the entire open hole section.

What they can assume is that it's from a fracture at 358m - remember, the "discovery" RNS said the onset of oil shows also corresponded with losses.

What will be produced from the Hoya?
We already know that from Kezer-1 - the Geothermal Well 400m from Pinarova-1 that UKOG conspicuously fail to mention - although they always mention the seep into a shot hole further away.
So what comes out of the Hoya?
An oil/water emulsion, as per the AME report on Kezer-1.

Which is also confirmed by the photo on Twitter - the Elephant in the room that I pointed out a couple of days ago, before it got buried by Rocky's wife spamming the board with multiple posts.

The thing that the Uber rampers casually ignore is that the majority of the sample in the bottle is water, not oil.
The cloudy nature of the water (and the residue around the top of the bottle) shows that they had to use an emulsion breaker to separate the two.

We don't carry emulsion breaker on a drilling location unless you expect to use it - which UKOG obviously did as they paid attention to that part of the Kezer-1 report.

So really all we can expect is another photo with an oil sample and a carefully worded RNS about "encouraging results", "oil retrieved to surface" and "drilling to TD over the next few days".

As for any fanciful forecasts of reserves and share price by posters - there is no basis for either, as neither UKOG or AME have ever published any reserves estimate, or even a structure map of the Pinarova-1 Well's objectives.

Rocky's Wife;

So, so predictable.

Now even denying that it was you who started posting the cheap insults.

Ah well, at least I know I'll still be on LSE tomorrow - unlike you.

Sweet dreams - we all know you'll be dreaming of Sarah Finch, since you spent so much time with her at the XR Camp just down the road from HH....

Rocky's Wife;

So predictable.

Post the same thing over and over again, to try and drown out the posts of those that actually know what they are talking about.

Nothing to back up your claim - because as you are a fire extinguisher salesman, you can't.

Instead, as usual, resorting to deflection and cheap insults.

Insults which predictably get worse as you get more frustrated.

And then after getting tossed off the board by Admin, you invent yet another fake ID and whine that you are getting picked on.

Rocky's Wife,

Repeatedly posting the claim that it's drilling fluids won't change the fact that it's not.

"Facts do not cease to exist because they are ignored" Aldous Huxley

Rocky's Wife,

I don't have to hit the report button - Admin knows what to look for on a Monday morning, since you are sooooo predictable and are breaking LSE rules by posting under a fake ID.

Yup.

Here it'll be a question of what comes first, or if they come together; the testing RNS or the placing RNS.

I suspect the testing RNS won't come until Tuesday, as irrespective of the Eid they have a lot of work to do.

Also, the RNS said they had losses (i.e. fractures) and are using swabbing as a well testing method - which is slooooowwww.

So they'll have to swab for a while to get out the drilling fluids they've lost into the fracture(s), before they get to what was in the fracture(s) in the first place.

Hopefully they've spiked the drilling fluid with a tracer (my favourite is KI) so they can differentiate between water from the drilling fluid and water in the fracture(s), otherwise they won't really know until they get more emulsion to surface.

Dilara,

Ignore the fire extinguisher salesman - he changes his position (and his ID) on a weekly basis, depending on whether or not he's trying to trade up or down to recoup his losses. Notice he never answers questions or justifies his claims - he just uses deflection and cheap insults.

You can tell it's oil from the photo - but you can't tell the quality or if it's sweet (i.e. doesn't contain H2S).

What you can tell (especially if you've seen it many times before), what a sample that's had an emulsion breaker used on it looks like - i.e. the cloudy white water.

Especially since we already know that Kezer-1 (400m from Pinarova-1) produced emulsion when it was drilled.

Not really - I was aiming for 15% and made more than that, so I'm satisfied in that respect.

Lesson many LTH have learned over the years with UKOG - get out of the spike when you have made your target, because the odds are that SS will have used it to get a placing away.

Rocky's Wife,

If you'd bothered to read my last post on Friday, you'd know I did very nicely on this P&D (19.48% - must make you jealous considering how much you've lost on UKOG).

Yes, I was up in London today - running 26 Miles and 385 yards..

I suppose you were up there too, desperate to get a glimpse of your beloved Sarah Finch? Pity it was too cold for her to be in the shorts that you long for her to be in.

So how would a fire extinguisher salesman know what drilling fluids look like?

Oh, wait, that's right - you don't.

Again, the same old response from Rocky's Wife;

Ignores the points made - tick
Distortion of facts - tick
Cheap insult - tick

No, it's not drilling fluids - it's water broken out by using an emulsion breaker.

In several decades in the drilling industry, I have yet to see a drilling fluid that is white.

Of course, you being a fire extinguisher salesman have lots of experience in the oil industry...

Ah the usual response from Rockys Wife;

No logical thought - tick
Doesn't respond to any points posted - tick
Distorts the facts - tick
Cheap insult - tick

In all the hoopla about the picture, nobody has thought to point out the Elephant in the room, which is that the sample pictured is mostly water..

Notice the colour of the water?

It means they’ve had to use an emulsion breaker to separate the oil from the water.

Which is odd, as that isn’t a contingency chemical that we typically carry rig-site, so how did they know to have it there?

Because according to AME, the shows from Kezer-1 were emulsified.

From AME's report - 'Oil shows were also observed at the Germik base limestone interval during drilling a nearby geothermal well (Kezer-1) in 2019. Emulsion came to surface during lowering the 9 5/8” casing to top of Hoya formation.'

Remember Kezer-1, the Geothermal Well 400m from Pinarova-1 that UKOG try and ignore because it discovered predominantly water?

The same Kezer-1 that has already drilled through the 'seismic anomalies' that Pinarova-1 is drilling.