Uk Oil & Gas Share Discussion Threads

[bionicdog] 24/7/2021 17:37

You have admire the man's red trousers though.

[cyan] 24/7/2021 15:28

The reason Sanderson has NEVER bought any UKOG shares should NOW be patently obvious to even the thickest ramper who supported his wild kimmeridge billions dreams. The only reason he promised the board would buy a modest amount of shares in a DDSPP was because he feared the shareholder base had finally lost patience and may not have supported further GIGANTIC share issues. With the votes in the bag the board SHAMELESSLY reneged on the promise to buy shares on July 2nd with out even attempting to justify the failure to buy any equity. The arrogance and utter contempt the board has for the shareholder base is breathtaking. As for geothermal ambitions; borders on the ludicrous. The capital involved in a 'serious' geothermal well is huge. Here is a serious geothermal project; hTTps://geothermalengineering.co.uk/united-downs/ "The project is expected to cost in the region of £30m."

[bionicdog] 24/7/2021 15:10

Yes , but other than that?

[cyan] 24/7/2021 14:36

Good afternoon bionicdog; You wrote; "How are they going to become world leaders in geothermal with no experience and no money to develop the technology?" 'no money' Sanderson has never found raising money a problem , has he? Here is the man in full flow with amazing ambitions . hTTps://www.youtube.com/watch?v=bLnqyjbokAg# What happened to the 2,000 barrels a day or the NINE wells? Sanderson said "money doesn't seem to be a problem" .......really! Several fund raises later; billions more shares in issue and he's peddling new dreams. Surely people SHOULD have learned by now? There is no incentive for HIM to move from the equity funding model as he has NO shares. This can go on and on until people simply refuse to fund his next "get rich quick scheme" The man is an over ambitious gambler; with other peoples money.

[bionicdog] 24/7/2021 14:32

Is Stevie the man to do it?

[jack4691] 24/7/2021 14:23

Poor Monkey, as deluded as that other Con-man (ex Casa Blanca DC) now in Mar Largo! Yes the 'erection was rigged' !

[moneymunch] 24/7/2021 14:15

No one has implied they're going to be world leaders, but highly encouraging they're making themselves involved in a fledgling industry that could provide significant amounts of clean, green and renewable energy to the UK for many years to come. I can't think of many negatives not to be involved and expressing their plans and interests at such an early stage. Gl :-)

[bionicdog] 24/7/2021 13:02

How are they going to become world leaders in geothermal with no experience and no money to develop the technology?

[jack4691] 24/7/2021 12:28

The next Big Project for the company is gonna be 'Cold Fusion Energy' (Lockheed Martin are well on the way to finalising their Cold-fusion Reactor/Generator) Watch this space, UKOG soon to be re-named UKCFOG - UK Cold Fusion Oil & Gas. Yes, it does look a bit 'foggy' right now!

[moneymunch] 24/7/2021 11:16

yep, but certainly one to keep an eye on...i had no idea of how big Geothermal could be in potentially providing the UK with so much green and renewable energy for so many years to come, and so a big positive for Ukog to align themselves at this early stage and perhaps in the not too distant, appease many of the objections for their existence in the Uk...in the meantime looking forward to any news from Basur-3 that might be reported this coming week, along with the Loxley appeal that gets underway 27th July ( no decision date confirmed as yet ). Gla Holders ;-)

[bionicdog] 24/7/2021 10:55

I can't imagine the UKOG board being a leader in anything other than salary drawing and not buying shares.

[hans christian andersen] 24/7/2021 10:48

At least it will supply the hot water for the showers at HH but not a lot else. Https://www.erce.energy/latestnews/untapped-geothermal-energy/ Some of us have already done the research. We don't even make the top 50 countries. Yet another hail mary from SS.

[moneymunch] 24/7/2021 09:57

and little old Ukog are positioning themselves to be part of the Geothermal revolution. Gla holders ;-)

[jack4691] 24/7/2021 09:56

So now the Monkey, not having Munch to write about UKOG's oil exploration prospects, is trying to project UKOG as a Geothermal Energy company!! What an 1D10T !

[moneymunch] 24/7/2021 09:50

14 May 2021 A report released by the UK based association REA and ARUP highlights the economic decarbonisation opportunities represented by geothermal energy in the UK. The Association for Renewable Energy and Clean Technology (REA) and ARUP have published their ‘Deep Geothermal Energy: Economic Decarbonisation Opportunities for the United Kingdom’ report which underlines the environmental and economic potential of deep geothermal. It has the backing of over 30 businesses, academics, NGOs and industry experts. The report will be introduced in an upcoming webinar on May 19, 2021, as we reported. The report estimates that, should the Government establish a Geothermal Development Incentive, 12 deep geothermal projects could be operational by 2025, creating 1,300 jobs and generating more than GBP100 million (approx. USD 140 million) of investment, predominately in towns and cities in the North of England, Midlands and South-West. The scheme would provide a catalyst to the industry, with 360 sites being established by 2050. This would provide an additional GBP1.5 billion (approx. USD 2.1 billion) of investment, 10,000 direct jobs and 25,000 indirect jobs, and an annual carbon saving of 3 megatons. Deep geothermal energy is a space efficient utility scale renewable heat resource that can be deployed in urban areas, specifically with the potential to heat thousands of large commercial and other properties for generations. Heat accounts for around 40% of the UK’s energy consumption and nearly a third of UK greenhouse gas emissions. It is estimated that there is currently enough deep geothermal heat energy to supply all of the UK’s needs for at least 100 years. hTtps://www.thinkgeoenergy.com/geothermal-for-economic-decarbonisation-opportunities-uk/

[moneymunch] 24/7/2021 09:43

24/7/21 UK agents explore reuse of non-productive gas wells for geothermal Geothermal energy has many applications (source: CeraPhi Energy) UK-based Third Energy UK and Serafi Energy have partnered in exploring opportunities to reuse non-productive gas wells for geothermal power generation. third energy ukUK-based, a private group of onshore gas exploration and power generation companies based in North Yorkshire, England, has announced a partnership with renewable energy developer Serafi Energy. The association aims to investigate the reuse of Third Energy’s non-productive gas wells for geothermal energy. Third draws on CeraPhi Energy’s proprietary technology and expertise to assess well reuse feasibility and commercial potential at its North Yorkshire sites. Both companies say the results could be a game-changer for geothermal’s role in the energy transition and could have a revolutionary impact on ‘orphaned’ and advanced life wells in the UK’s onshore oil and gas sector. Feasibility and conceptual studies for the reuse of wells will begin next month with a preliminary analysis of the MN4, KM3 and KM8 wells in the Pickering Valley under the new term manager signed with the third. The CeraPhi team will focus on evaluating well development potential for its proprietary CeraPhiWell(TM) technology, a closed-loop downhole heat exchanger that removes heat from the subsurface for use in a variety of base load power applications. Scalable, including: htTps://thedailyguardian.net/uk-agents-explore-reuse-of-non-productive-gas-wells-for-geothermal/

[moneymunch] 24/7/2021 09:35

The Geothermal angle could be highly significant for prospects and potential imho. 21/4/21 Founder membership of Geothermal Energy Advancement Association UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Company has become one of the six founder members of the newly-formed Geothermal Energy Advancement Association ("GEAA"). GEAA's mission is to advocate increased awareness of and investment in geothermal energy as a key sustainable source for zero-carbon electricity, heat, hot water. As reported in UKOG's latest Annual Report, the Company plans to be increasingly active in this newly-emerging sector, where we possess the key subsurface, engineering and commercial skills necessary to make such projects work. UKOG is actively scoping two new standalone geothermal projects in the UK, together with a hybrid geothermal, solar and battery storage project at our Horse Hill site. We also plan to review geothermal opportunities onshore Turkey once our forthcoming Basur-3 appraisal well has been completed. ........................... 1/7/21 In a release shared this morning, UK-based geothermal developer Geothermal Engineering Ltd (GEL), the company behind UK’s first deep geothermal electricity power plant, announced that it will be rolling out four new deep geothermal power plants in Cornwall. In addition, GEL’s proof of concept power plant on the United Downs Industrial Estate in Cornwall is now producing the UK’s first geothermal steam using 175C water extracted a record-breaking 5.1 kilometers underground. The company is signed power and heat agreements in January of this year. Heads of Terms have now been signed on the four new geothermal sites planned for Cornwall, each anticipated to deliver 5 MWe (Mega Watt electrical) of power, 24/7 to the National Grid and 20 MW of heat energy for the local area. The electricity produced from all four power stations will be enough to power 45,000 homes. Each plant will each take around 18 months to complete, with all four sites anticipated to be up and running by 2026. GEL and Thrive Renewable’s pioneering geothermal plant at United Downs is now producing geothermal steam at 175C which will be converted to deliver approximately 3 MWe of power to the National Grid and is on track to deliver its first electricity during 2022. The Cornwall Geothermal Distillery Company is in the approval processes to utilise 2.5MW of the hot water the plant is expected to produce. Up to 10MW of heat is also expected to be used in a large housing development planned at Langarth. Ryan Law, Managing Director of Geothermal Engineering Ltd said: “This is an incredibly exciting time for deep geothermal energy in the UK as we transition from oil and gas and tap into this huge renewable power resource. We have proved the technology works at United Downs, we have progressive funding in place, and we now have four additional sites, which our experienced team is ready to start work on. Over the next 20 years, our target is to produce in excess of 500 MW of power from geothermal resources making this one of the most significant and reliable baseload power sources in the UK.” Matthew Clayton, Managing Director of Thrive Renewables plc said: “As the UK produces increasing amounts of variable renewable energy like wind and solar power, this form of baseload power production plays an essential role in stabilising and securing our power supply. We are delighted to have backed geothermal in the UK at an early stage at United Downs and firmly believe that geothermal energy will form a valuable part of the UK’s future energy mix.” Cornwall Council cabinet portfolio holder for the economy Stephen Rushworth said: “We are excited to support this emerging industry as it continues to take shape in Cornwall, and to realise the benefits it will deliver for the residents of Cornwall. Unlike almost any other form of energy production, geothermal heat energy must be used close to its source. This means that new plants will benefit local communities by attracting new business, jobs and inward investment, as well as offering the potential for delivering local heat networks for residents. Our initial focus, part funded by the governments Heat Network Delivery Unit (HNDU), will be to supply a proposed new housing development of 3800 homes and commercial buildings at Langarth Garden Village.” To develop each of the future geothermal power plants, two deep wells will be drilled into the granitic rock beneath the site, the deepest of which will reach upwards of 4.5 kilometers. Water is then pumped from the deepest well where temperatures are expected to be approximately 180C. The steam produced is then fed through a heat exchanger at the surface and water is then re-injected into the ground to pick up more heat from the rocks in a continuous cycle. The extracted heat will be converted into electricity and supplied to the National Grid. The electricity and heat energy produced by this type of low carbon, renewable energy source is continuous (24/7) as geothermal energy does not generate in peaks and troughs as many other sustainable power sources are subject do.

[moneymunch] 24/7/2021 09:27

Yep, lot's of things in my head icluding thoughts about what's in Basur-3's Wellhead. Gl ;-)

[bionicdog] 24/7/2021 00:19

The one in her head.

[moneymachine2] 23/7/2021 22:11

What update, mm?.

[bionicdog] 23/7/2021 20:34

I can't wait! BTW I've been predicting the phrase "encouraging hydrocarbon shows" for a few weeks now. Just so you know that when it comes , it's not really encouraging at all.

[moneymunch] 23/7/2021 18:09

Wait for the UPdate mrweald :-)

[iammrweald] 23/7/2021 16:32

ANOTHER red week.. tut tut.

[iammrweald] 23/7/2021 16:26

I got as far as imho is MMs post then collapsed into a fit of laughter! he he....he he he

[moneymunch] 23/7/2021 16:00

Lol..;-)))