Member Info for ZYX098

Dicko,

From your link, they describe UKOG as;

Energy Highly Speculative Micro Cap Sucker Stock

The last two words are in red on the website...

Penguins,

Wrong thread for your reply?

MalotheDog,

Or should I say "Rocky's Wife"?

Don't kid yourself - I'm not interested in posters who clutter up the board with abuse of other people for the sake of it.

Haven't filtered anyone for a long time, but congratulations, you've made it to the list....

Dicko,

You are making large assumptions that aren't justified;

"2000bopd equivalent based on 6hr test producing 500barrells"
The reason the test was stopped after six hours was because it started producing water.

Think about it - compared to all the other Wells in the area, if AME (or the original Operator) thought it had potential for 2k BOPD, it would have been developed long ago.

Pinarova-1 is being drilled on a structure (and UKOG have yet to publish a structure map, COS, or OIIP estimate) where the only evidence of oil was from a seismic hole which had contained a mixture of oil and water.

This means the structure has already been breached and in reality UKOG are only drilling this so they can produce another very carefully worded RNS which will be full of words like "oil discovery" and will minimise the water production figures.

Pinavora-2 will never be drilled.

Just the same as they keep referring to B-4 as an 'Appraisal' well when in realty it is an Exploration Well - which Basur-3 proved when they drilled it so far off structure that they can't get to the 'new' structure from the B-3 Wellpad.

On the costs, I highly doubt that they will be able to drill for the advertised costs.

The Oil Industry has seen a very sharp rise in manpower (10+%), tangibles (25 - 30%) and consumables (30 - 40%) costs in the last year.

In addition, the Turkish Lira has dropped about 25% against the $US in the same time period - and since all their tangible / consumables purchases will be in $US, that will increase their costs.

As for money in the bank, IBug is the expert on that, but with their Overheads, the extortionate BoD salaries and the work that was done on HH last year, it will not be anywhere near the £4 Million that you think.

Malothedog,

You are just as bad as Rocky's Wife.

In some respects worse, as at least he posts rubbish that can be picked apart with logic and facts, before he resorts to cheap insults.

All you do is post cheap insults and you add nothing to this board.

Penguins,

You missed the part whey they admitted that they can't reach the target from the Basur-3 Well (which will have to be P&A'd and the site restored -> more cost), so all the costs so far are a sunk cost.

Basur-4 requires a new pad and access road.

If they don't P&A Basur-3 first, then they'll need a new Wellhead in addition to the Surface & Intermediate casing, plus the consumables (mud. cement, bits, casing accessories etc) to get back to where they were on Basur-3.

Hopefully they will have learned why they got stuck on Basur-3 and have a solution in place to avoid it happening again.

Penguins,

Rocky's Wife doesn't forget the Overheads / Expenses part of the equation - he just ignores it altogether.

I wonder if he runs his fire extinguisher business the same way?

It's the same as when he keeps claiming that UKOG are making a profit, when their own accounts say otherwise.

Good point Penguins, I had forgotten all those flow periods - seems like ancient history.

Certainly more than long enough to ascertain what the Kimm is doing, what the recharge rate is and also what the recharge fluid is.

Did they always say 'BOPD'?
I wonder - knowing their penchant for very carefully wording their RNS's - if there was any water production going on which they "forgot" to mention at the time.

Makes their silence all the more annoying.

A casual throw away sentence buried in a submission to SCC simply isn't good enough.

Ocelot,

If UKOG have information which can materially affect the value of the Company, then UKOG are required by law to disclose it to the markets.

Within 24 hrs, if I recall correctly.

If it is just a simple case of a precipitous decline in initial producing rates, it's doubtful the the test was long enough to tell them what the recharge rate was - unless it was very quick, but water.

Unfortunately, we can speculate until the Cows come home as to why UKOG haven't done what they said they'd do (dual complete HH-1).

In reality they'd need to state exactly what the issue is that's making it - in their opinion - not worthwhile to produce from the Kimm. and clearly state so, rather than hide a comment that the KIm is uneconomic in a submission to SCC.

The lack of communication from UKOG on this is truly shameful and, quite frankly, SS is a disgrace to our industry.

Which means Rocky's Wifes target of £100 / share would value the Company at £1.77 Trillion.

Unless - since he claims to have insider information (illegal if he does...) - he knows that there is a 1,666,667 : 1 consolidation coming.

Or he could just be a Norwegian Cave Dwelling Ogre.

I know which my money is on..

So if I post a picture of a Boeing 777, that makes me a pilot?

Because that's what your logic dictates.....

"What I am saying is the UK has the strictest health and safety standards amongst world peers."

We do.

But why not just say that?

Because if you think you are making yourself look smart - you're not...

What has the train derailment in Ohio got to do with UKOG?

Absolutely nothing....

Rocky's Wife,

Proving yet again you don't know English.

Nomlungu used the correct form - your.

You're = you are.

BTW, the House of Commons report is interesting reading too:

HoC Science & Technology Committee
"The role of hydrogen in achieving Net Zero"
Published 19th Dec 2022, paper HC 99.

https://publications.parliament.uk/pa/cm5803/cmselect/cmsctech/99/report.html

Read up on the safety systems employed on H2 powered vehicles when you have a moment.

Actually very interesting.

Basically in an accident, all the H2 is released within a second and dispersed upwards.

The film of the Hindenburg is famous - but if you watch it, in the early stages all the flames are going upwards - that's the H2.

The fire on the ground after the crash was all from diesel from the fuel tanks and it was that fire that killed many.

A Neighbour works in Corporate Insurance and I got to talking to her about the requirements for H2 vehicles (She thought I would know more than I did as I'm an engineer... Wrong!) and the vehicles in a storage yard or shed question came up.

What would happen if there was an accident and one of the vehicles leaked or caught fire?

Turns out the basic answer was to put a very small vent in the roof, so any H2 from a leak would vent out to atmosphere and the H2 released by the safety systems if exposed to too much temperature would do the same.

Hydrogen is one of the answers, but not THE answer to the UK's efforts to get to net zero.

The UK Govt should be putting far more effort into promoting Hydrogen in two areas;

A) Use in gas boilers for homes that can't retrofit ASHP's (not that they are worth it in most cases..).

B) Hydrogen powered vehicles. We should be pouring money (like the Japanese and Koreans) into H2 fuel celled vehicles, not EV's which are a dead end technology and come with terrible environmental consequences.
Setting up an H2 infrastructure is actually a lot easier than people think - Shell, HM Govt, the California State Govt and Toyota (or is it Honda? Never can remember..) have developed an H2 generating system which fits into a standard container. Power and water in at one end, H2 & O2 out of the other. So as fuel usage drops, take one of the fuel storage tanks out of a petrol station, replace it with an H2 generator, modify one of the discharge pumps and away you go.
Not only can it fill an H2 cell powered vehicle, if the technological break though announced in Aus. last week about using H2 to power Diesel engine vehicles comes to fruition, it can be used to generate fuel for these vehicles too.

H2 fuel cells are designed to last the life of a vehicle (25 yrs) and if they break down, are easy to refurbish.

It's usually the catalyst (Platinum or Palladium) that fails, so you take out that particular cell (a fuel cell is actually made up of many smaller cells), strip off the old catalyst (which can be recovered and reused), coat on a new layer of catalyst, put it back in and away you go.

What has all this to do with UKOG?

Absolutely nothing.

They will never get backing from any Bank or other financial institution for Portland.

UKOG are far too small and the track record of their Management is one of serial failure.

Just updating my tracking sheets for my shares and saw that almost a year ago to the day, I sold some UKOG shares during one of the 'pump & dump' episodes and got 0.156p per share.

Last week one of the ramptastic crowd was predicting (wrongly - like nearly all his predictions) that it would reach the giddy heights of 0.07p.....

Rocky's wife;

Why do you keep telling me to calm down?

Im fine, thanks - and my annual medical shows a rock solid 120/80 and 54 BPM. What does your show?

You are the one that's desperately trying your uber-ramping schtick while throwing gratuitous insults around - no doubt upset that some of us are actually on the board this afternoon, so you cannot post your normal ramping mess of copy and paste without being challenged ;)

Meanwhile, I'm chilling with a glass of wine in the lounge while waiting for my flight.

Yes, I'm coming back early as the Well is back on track and the team in Country are more than capable of handling the loooooong section of 8 1/2" hole ahead of us.

BTW, Nomlungo said in his 12:47 post "Added to the filter list as you are not worth the effort.", and you predicted he'd leave in your post at 12:58.

So you predicted he'd disappear AFTER he posted that he'd filter you :)

Wow, talk about 20/20 hindsight....