Uk Oil & Gas Share Discussion Threads

[cyan] 31/7/2021 18:28

By my reckoning ; if UKOG kept up the same drilling rate as evidenced by the 1st July tweet; they would need only another 17 uninterrupted drilling days to reach 1500m; that is the TD imo. So, even allowing for several down time days; UKOG & AME ought to be in the stages of advanced well testing; assuming there's something to test. The only other explanation , imo, is a complete drill mess up and they had to sidetrack.

[bionicdog] 31/7/2021 18:04

UKOG updates are always positive. You have to learn how to decode them.

[jack4691] 31/7/2021 17:42

MM,didn't we have a 'positive update' on the Weald/HH all them years ago, in fact several updates, and to NO AVAIL. I recall your 'spouse', the Madame of the Brickies' Hoe House saying "there's oil down there no doubt, millions of bbls of it'! Did SSteal it all? 🤣

[moneymunch] 31/7/2021 16:54

A positive UPdate from Basur-3 will do...Gl ;-)

[bionicdog] 31/7/2021 15:55

JC will be along tomorrow to lift our spirits. French buying back in? Lenigas buying back in? It's a gusher , been told? Watch and learn.

[cyan] 31/7/2021 14:26

"if Ukog/AME have hit oil at Basur-3" About time UKOG came up with some good news because past experience of what follows radio silence from UKOG has not been positive. The trouble with UKOG is clearly Sanderson. The man has grandiose dreams and appears at times to think he is managing a big global player and not a hugely loss making minnow. UKOG has a small but potentially profitable asset in HH Portland and Loxley looks interesting. Instead of gambling , rolling the dice' on the next "potentially transformational" big win; he should be using the cash UKOG has to exploit his Weald assets to the max. Its easy gambling with other peoples money when you haven't anything too lose yourself; that's why he never buys the shares. Basur has a smell of BB fiasco about it now. UKOG did the 'silent' act at BB before having to fess up. UKOG's silence is not a positive. Only one thing IS certain; UKOG will have to raise a lot more capital in a few months for all its adventures. If , as expected, UKOG wins the Loxely appeal , then there's a lot more cash required. UKOG's own QC on day one said; "The direct costs of the proposal are now about £7 million" Of course; one should say success there is not guaranteed.

[moneymunch] 31/7/2021 14:04

Greedy b'stards....mind you, if Ukog/AME have hit oil at Basur-3, then their time and resource will be focused on their existing license block. Gla :-)

[cyan] 31/7/2021 13:39

hTTps://www.resmigazete.gov.tr/ilanlar/eskiilanlar/2021/07/20210731-4-6.pdf dated 28th July....interesting

[jack4691] 31/7/2021 13:31

MM, is there any 'redundant pipeline' that AME/UKOG can hook into when the expected blowout/multi-bagger comes about? Or is it the same Bu11 5hite as you so often posted about the Weald / HH drilling

[cyan] 31/7/2021 13:30

TICARI UNVANI : Türkiye Petrolleri A.O. Genel Müdürlügü • MERKEZI VE TEBLIGAT ADRESI : Sögütözü Mah. 2180 Cad. No: 10 06530 Çankaya/ANKARA • MÜRACAAT TARIHI : 04.11.2020 RUHSATIN: • KONUSU : Arama Ruhsati • YÜZÖLÇÜMÜ : 15.326 hektar • BÖLGESI : Kara • KAPSADIGI ILLER : Siirt • PAFTA NUMARASI : AR/TPO/K/M48-d1 KARAR: Türkiye Petrolleri A.O. Genel Müdürlügü’nün bölgesi, ili, yüzölçümü ve paftasi yukarida gösterilmis bulunan saha için petrol arama ruhsati verilmesi talebi incelenmis ve Genel Müdürlüge; 6491 sayili Türk Petrol Kanunu’nun 6, 7 ve 22’nci maddeleri geregince, bu kararin Resmî Gazete’de yayimi tarihinden itibaren bes yil süre ile petrol arama ruhsati verilmistir. Translation; TRADE TITLE: Türkiye Petrolleri A.O. Head Office • CENTRAL AND NOTIFICATION ADDRESS: Söğütözü Mah. 2180 Cad. No: 10 06530 Çankaya/ANKARA • APPLICATION DATE: 04.11.2020 LICENSE: • SUBJECT: Search License • AREA: 15,326 hectares • REGION : Land • PROVINCES COVERED: Siirt • SHEET NUMBER: AR/TPO/K/M48-d1 DECISION: Turkish Petroleum A.O. The region, province, area and map of the General Directorate are above. The request for an oil exploration license for the indicated field was examined and the General to the Directorate; Pursuant to Articles 6, 7 and 22 of the Turkish Petroleum Law No. 6491, the Official An oil exploration license has been granted for a period of five years from the date of its publication in the Gazette. Turkish text sourced from LSE BB Turkish Petroleum A.O. THEY get the licence ; "SHEET NUMBER: AR/TPO/K/M48-d1" UKOG did not

[moneymunch] 31/7/2021 13:10

Application Block M48-d1 M48-d1 lies south west of East Sadak oil field Recent Bukat-1 understood to have recovered oil to surface from same Cretaceous-age fractured limestone as East Sadak Contains another undrilled surface anticline with deeper Jurassic to Palaeozoic potential

[moneymunch] 31/7/2021 12:56

Looks like M48-d1 is still UP for grabs. Gla ;-) From the Ministry of Energy and Natural Resources, General Directorate of Mining and Petroleum Affairs: DECISION ON OPERATION ON PETROLEUM Decision Date: 27.07.2021 Decision No: 7514 YOUR COMPANY: • TRADE TITLE: Türkiye Petrolleri A.O. General Directorate • CENTRAL AND NOTIFICATION ADDRESS: Söğütözü Mah. 2180 Cad. No: 10 06530 Çankaya/ANKARA APPLICATION DATE: 11.02.2021 LICENSE: • SUBJECT: Exploration License • AREA: 59,657 hectares • REGION : Land • PROVINCES COVERED: Erzurum • SHEET NUMBER: AR/TPO/K/I46-c DECISION: Turkish Petroleum A.O. The region, province, area and map of the General Directorate are above. The request for an oil exploration license for the indicated field was examined and the General To the Directorate; Pursuant to Articles 6, 7 and 22 of the Turkish Petroleum Law No. 6491, the Official An oil exploration license has been granted for a period of five years from the date of its publication in the Gazette. 6814/1/1-1 —— • —— From the Ministry of Energy and Natural Resources, General Directorate of Mining and Petroleum Affairs: DECISION ON OPERATION ON PETROLEUM Decision Date: 27.07.2021 Decision No: 7515 YOUR COMPANY: • TRADE TITLE: Türkiye Petrolleri A.O. General Directorate • CENTRAL AND NOTIFICATION ADDRESS: Söğütözü Mah. 2180 Cad. No: 10 06530 Çankaya/ANKARA APPLY DATE: 04.11.2020 LICENSE: • SUBJECT: Exploration License • AREA: 15,301 hectares • REGION : Land • PROVINCES COVERED: Siirt • SHEET NUMBER: AR/TPO/K/M47-b3 DECISION: Turkish Petroleum A.O. The region, province, area and map of the General Directorate are above. The request for an oil exploration license for the indicated field was examined and the General To the Directorate; Pursuant to Articles 6, 7 and 22 of the Turkish Petroleum Law No. 6491, the Official An oil exploration license has been granted for a period of five years from the date of its publication in the Gazette. 6814/2/1-1 From the Ministry of Energy and Natural Resources, General Directorate of Mining and Petroleum Affairs: DECISION ON OPERATION ON PETROLEUM Decision Date: 27.07.2021 Decision No: 7516 YOUR COMPANY: • TRADE TITLE: Türkiye Petrolleri A.O. General Directorate • CENTRAL AND NOTIFICATION ADDRESS: Söğütözü Mah. 2180 Cad. No: 10 06530 Çankaya/ANKARA APPLY DATE: 04.11.2020 LICENSE: • SUBJECT: Exploration License • AREA: 30.650 hectares • REGION : Land • PROVINCES COVERED: Siirt, Şırnak, Mardin • SHEET NUMBER: AR/TPO/K/M47-c1, c2 DECISION: Turkish Petroleum A.O. The region, province, area and map of the General Directorate are above. The request for an oil exploration license for the indicated field was examined and the General To the Directorate; Pursuant to Articles 6, 7 and 22 of the Turkish Petroleum Law No. 6491, the Official An oil exploration license has been granted for a period of five years from the date of its publication in the Gazette. 6814/3/1-1 ...................................... "M47-c1,c2 Türkiye Petrolleri A.O. Genel Müdürlügü Derkim Poliüretan San. ve Tic. A.S. UKOG Turkey Ltd.(%50)Aladdin Middle East Ltd.(%50) M47-b3 Türkiye Petrolleri A.O. Genel Müdürlügü Derkim Poliüretan San. ve Tic. A.S. UKOG Turkey Ltd.(%50)Aladdin Middle East Ltd.(%50) M48-d1 Türkiye Petrolleri A.O. Genel Müdürlügü Derkim Poliüretan San. ve Tic. A.S. UKOG Turkey Ltd.(%50)Aladdin Middle East Ltd.(%50)

[cyan] 31/7/2021 12:19

AME are not a strong player; they may have been around a long time but their performance has been unimpressive. If memory serves me right; didn't they needed some financial restructuring years ago?. Can not be bothered to look back on that again. Has not done AME's credibility any good, imo, tying up with a somewhat discredited hand to mouth outfit like UKOG. Not getting those extra Turkish licenses maybe a blessing in disguise for shareholders. How on Earth were the explorations to be paid for.? Sanderson may have had wild dreams of a big hit at Basur3 that would throw off income to support other Turkish drills. Umm; I do wonder if the decision makers were waiting to see IF Basur3 was a torrent.? Is the late decision a clue ? Those in Turkey will have a better idea how well, or otherwise Basur3 has gone. Have operations finished? UKOG are strangely silent. They should not have left everyone in the dark to 'wildly' speculate.

[hans christian andersen] 31/7/2021 12:06

cyan With 2 rigs AME's drilling record in the last 12 months is hardly impressive. We don't even get an update on East Sadak wells on their website or why they did not drill Basur-3.

[cyan] 31/7/2021 12:02

"I'm not sure 245,280-man hours is that impressive for a year. I make that 28 days. Am I right?" This is my calculation. There are 8760 hours in the year. If 245,280 hours were saved in 365 days; divide 245,280 by 8760; equals 28 precisely ;their staff numbers by the look of it.

[cyan] 31/7/2021 11:37

HCA; google translate is useful. I am surprised it took the Turkish decision makers so long to decide. When UKOG RNS'd (10th December 2020) their application; with the phrase "indications are positive" they stated they expected a decision in 60 days. Why so long? Were they waiting to see how Basur3 well progressed?. I am not surprised they decided against a partnership involving UKOG. They must have researched UKOG's history and failure to drill prospects they said they would. In December 2018 Sanderson stated UKOG intended to drill 9 wells all over the Weald in the next two years; did not happen apart from HH activity. UKOG's financial weakness and apparent increasing difficulty in raising funds would lead any sane decision maker to judge that UKOG are not a credible well resourced player who will promptly get down to exploring any new areas.

[hans christian andersen] 31/7/2021 11:35

The only update to the AME website in the last 5 months. "On 25-June-2021 AME Drilling Operations Team proudly celebrated surpassing 365 days without a Lost Time Incident (LTI), which is equivalent to 245.280-manhours. This significant milestone reaffirms AME’s strict commitment to establish a safe culture at all operations and continued focus to reach highest possible safety standards. Reaching such a milestone would not have been possible without the dedication of AME Drilling and HSE Teams." I'm not sure 245,280-man hours is that impressive for a year. I make that 28 days. Am I right?

[cyan] 31/7/2021 10:46

Looking at the good research on LSE BB. Appears UKOG missed out on the last licence ;M48-d1 Ought to be an RNS Monday, if only to update on the licences.

[jack4691] 30/7/2021 20:03

"It was life changing." indeed !!! The only life it changed was that of SS. Now 1D10T5 like MonkeyMunch, Gizmo (he's on furlough!), Gismo (now on ZIOC), HazelNut (I wonder why) etc etc now await the Second Coming of SS. GLA, they will need it!

[headinthesand] 30/7/2021 18:07

Indeed it was life-changing... as in "life-changing injuries". UKUG as an investment is also "transformational"... as in it transforms private investors into considerably less well off private investors. It also transforms tens of millions of pounds of raised funds into nothing at all (that is, apart from a very fat and happy living for Salmon Slacks and his cronies).

[bionicdog] 30/7/2021 17:55

It was life changing I suppose.

[iammrweald] 30/7/2021 17:21

"And nothing to do with my relationships with KFÇ! LMAO truth is out,he eats at the same gaff as Mr Creosote! Do you get 1m free ukog shares with every bucket?? At least he sacked his previous advisers!!! He is a player! Soooooo funny,he makes me laugh... he he

[bmcb5] 30/7/2021 17:19

"Life Changing" you say. I seem to recall you saying that before onetomany - 08 Sep 2017 - 08:35:51 - 32199 of 149453 (share price 8.4p) Panic not, September will be life changing for anyone holding significantly here. ------------------------------------------------------ onetomany - 31 Dec 2017 - 15:24:51 - 58277 of 149453 (share price 3.0p) Signing off for the New Year celebrations, fully energized reading these final paragraphs from the latest announcement. I think it’s as good as done that we are about to announce staggering results and I fully expect we will be trading north of 50p by the end of February. Life changing beyond belief.... As previously reported, BB-1 was purposely drilled in a location where no conventional hydrocarbon trapping mechanism within the Kimmeridge reservoir section is evident. Therefore, in the Company's opinion, the presence of moveable, light Kimmeridge oil and associated solution gas at BB-1z provides proof that the Kimmeridge at Broadford Bridge contains a significant continuous oil deposit of up to 1400 ft gross vertical thickness. The near identical Kimmeridge reservoir parameters and geology seen at BB-1 and 1z and the Horse Hill-1 Kimmeridge oil discovery, in which the Company holds a 32.435% interest, some 27 km to the northeast, demonstrates that the Kimmeridge oil accumulation is also laterally extensive across the Central Weald Basin and, consequently, a potentially significant national oil resource. UKOG, as the largest licence holder in the Kimmeridge oil accumulation's "sweet-spot" is well positioned to exploit this extensive oil resource. ------------------------------------------------------------------------------ onetomany - 12 Oct 2018 - 06:39:06 - 108505 of 149453 (share price 1.95p) Interesting numbers. Extrapolate that at a mean $85 pb and 6 wells on stream with 3 zones producing. Depending on your PE the valuations run from excellent to completely life changing. Personally I’m targeting 15p exit at some point in 2019 ---------------------------------------------------------------------

[bionicdog] 30/7/2021 16:45

Do UKOG operate in a strictly ethical manner?