Member Info for ZYX098

TS,

Ah, I see.

Not so long ago you were saying you had 1 million at an average of 1.34 and before that you claimed to have 10 million.

So just wanted to be sure......

TS,

Since my investment status and get out price is on record on this board, what is yours?

TS

I have posted my investment status and get out price on this board in the past......

TS,

Why?

Did you not read the UKOG RNS of the 5th July?

Well, we knew this one was coming sooner rather than later.

I think I'll make more money by not taking up their offer and therefore under stock exchange rules, they have to pay an amount to compensate for the unrealised gain (or words to that effect).

Mind you, in this case the gain could be negative....

But the RNS we were really waiting for was the one confirming that the Directors have actually bought shares as per their announcement.

Now that one would have a +ve effect on the share price - if only for a short time..

SRBS,

How do you expect LSE Admin to know who is invested and who isn't?

And so what if someone isn't invested, why does that mean they aren't allowed to post on any message board if they think they have a valid comment to make?

Should the incessant ramper who keeps posting about "2p/5p soon", without offering any justification for his price prediction, be allowed to keep posting as long as he spends 1p to own 5 shares?

Ninetails,

I was offshore at the time. People don't realise just how tight knit the offshore community was back then - every single person on that Rig knew someone who didn't make it off Piper Alpha.

Hi Tony,

Don't forget that many of the roads they will be moving over will not be M25 or even 'A' road standard.

Also, many if the loads will be oversized and/or over weight - for example the Gensets and mud pumps will be on lo-boys and the mast sections will likely be on extended bed trucks - and these do not move quickly at the best of times.

This also means it's common for them to only be allowed to transit through towns at specific times and with a Police escort, plus they may have to detour around low bridges or weak bridges that they would otherwise have to cross.

In that respect, 150 - 200 km / day is actually a pretty good average for a rig move in those circumstances.

In Drilling speak, 'mobilised to site' means that the Contractor (whichever one it is, not just the Rig Contractor) has been instructed to start moving their equipment / material to site - it does not mean it's arrived on site.

On a rig mobilisation / rig up (and during drilling for that matter), every day is a working day!

The video posted earlier of the Rig fully rigged up was clearly not of the Basur - 3 location, as already explained by others.

The photos posted on the 21st June show the base of the rig substructure in place, which would normally put them 7 - 10 days from spud as they are typically the first rig loads to arrive on a mobilisation from the yard.

As far as we are aware, AME have to spud by the 27th June as a condition of the licence. There has been no confirmation if they have applied for, or been granted, an extension by the Turkish Govt.

If they haven't, then the Spud RNS may well be issued tomorrow - but there will likely be several days of 'slow progress' while they actually get the rest of the equipment installed and acceptance tested.

If AME have got a licence extension, then the spud RNS should be on Thursday or Friday.

Hopefully...

Nom,

Even the Guardian article stated that none of the donors met with any Govt representatives. The article also shows a photo of the Thistle Field - which has been producing since the 1980's....

Denmark's announcement of the date of the end of all oil production just happens to coincide with when their only main producing field is due to shut down and be decommissioned - virtue signalling at it's finest.

Even HM Govt own forecasts show UK oil consumption declining by less than 10% by 2040.

Which would you prefer; the oil we need be produced here, under some of the most stringent regulatory regimes in the World, providing thousands of well paid, skilled jobs and paying tax rates of up to 80%?

Or in another Country with poorer HSE standards, with a drain caused on our economy by having to pay to bring it here - which increases the overall CO2 emissions due to transportation in tankers over thousands of miles?

Nom

The Weald isn't suitable for shale fracking.

The Bowland Shale is by far the most suitable in the UK and that's in the North....

That's £20k - would hardly classify that as a Whale...

Cynderlad,

The way it normally works is the Operator (AME in this case) issues an annual budget, which is updated as and when required by issues such as cost increases (never decreases!) or schedule changes.

Cash calls are then made against that budget and they are issued quarterly in advance.

How much of the site construction work would have been included depends on when the financial year for the licence begins.

Taq Taq?

Well, if we don't get sidetracked by the OWC (which we don't know anyway), should we get sidetracked by the fact that Taq Taq is in a different basin, producing from a different zone to that targeted in Basur?

Might as well compare HH with Forties for all the sense it makes....

Well now we know who Lucky-strike really is.

Into the filter bin you go Tymers!

GKB47 ,

I suspect that nobody went back because the test was cut short when it started producing water - something that UKOG have neglected to mention every time they mention the test in an RNS.

As for the CoS, UKOG have never mentioned it. I suspect the chance of finding oil is actually pretty good (c. 50%), but whether or not it's going to be economic is another matter....

Oofy,

A while back, I was going through a period where I was regularly getting posts removed, some of them within a few minutes of being posted.

So I did a bit of an experiment, worked out who the suspects were and called the LSE out on it when I reported a post by one of them - because it was obvious that either one of them was a moderator on this LSE board and removing posts on a whim, or the person had multiple accounts and using them to report a post multiple times to get it taken down.

Either way, since then, I've not had any issues (so far!!!) - possibly because they are in my filter bin anyway....

Cynderlad,
Good summation, but;

Those with open eyes and ears already know.

Those with closed eyes and ears don't want to know, and nothing any "deramper" says will make them open either.

For example, how many of them picked up in todays RNS that, although the test flow rate for the original Basur well of 500 bbls in six hours was mentioned, the RNS neglected to include the point that the test was cut short due to water ingress?

Wizard,

You have acknowledged that I have worked in the industry for many years, but now I'm a 'swampy'?

Missing the logic on that one.

Also, if you had been paying attention to my past posts, I've already stated that I'm a LTH with a 0.9p average.

So try again......

Well judging by the numbers of green lines in my feed this morning, the usual pump and dump crew are up and around!

Not surprised at all.

Since they seem to think that 'ramping' and 'deramping' posts on this board actually have an effect, have at it people.

Get the share price up to 0.9p and I'll get out of this Dog with nary a backwards glance.

Maybe, although I find it interesting that AME have chosen to derisk their exposure to non-payment by using Oceamec instead of their own Rig.

Time will tell!

And I note that the RNS still 'neglected' to mention that the original Basur test was cut short because it started producing water. The huge technology advances in the last 50 years will not change that.