Uk Oil & Gas Share Discussion Threads

[idriveajag] 29/1/2021 15:42

I and others it seems have started to build stakes in UKOG. Drilling in Turkey will commence soon, in an area that has already flowed oil.

See the UKOG Turkey Presentation dated 20/1/2021:


and Press Release on License agreement completion:



with possibly another three licenses to follow, so plenty to go for.

[hans christian andersen] 29/1/2021 15:39

and a 3w 1267 to even things out

[hans christian andersen] 29/1/2021 13:39

Non-haz tanker out this morning. I wonder how they charge. Has to be by the load for non-haz imo? Will be more for haz-waste.

[bionicdog] 29/1/2021 10:14

Just like the good old days.

[city chappy] 29/1/2021 10:12

Might be worth a punt. Could 20x bag on success.

[hans christian andersen] 29/1/2021 09:36

A duster is a duster. Water is water. Stuck drill is a stuck drill. If they can't make a profit in Turkey with drilling costs as they are the wells must be really bad to be uneconomic no matter what the POO and technology is. AME had its own contract drilling division.

[iammrweald] 29/1/2021 09:09

Better off asking stevie how much oil on a day/week/ monthly period and then x it by xyz to find how much this pos is worth? Market may have already done the sums,hence the terrible current share price
Morning all,love those Sherman's and their gifts to us novice traders. Ye-haaa
Oh,No1 Oaf. Is this weeks rns coming post close? tia. he he

[idriveajag] 29/1/2021 08:56

What was the technology and oil price at that time?

[hans christian andersen] 29/1/2021 08:53

Better off looking at



Work out why none of the wells have been put into production on page 9 and then tell us why your research has been so good.

PS
Some of us have been trading this HOS since 2013

[idriveajag] 29/1/2021 08:53

There is also this in UKOG's Turkey press release last year:"The Licence holds the significant 50 km(2) Basur-Resan geological feature tested at its western end by the 1964 Basur-1 oil discovery. Basur-1 flowed 500 bbl to surface over a 6-hour period from naturally fractured and dolomitised Cretaceous age Mardin limestones, an extrapolated rate equivalent to 2,000 bbl of oil per day. Basur-Resan is a geological lookalike to AME's proven producing E. Sadak field, 20 km south west, and sits within the continuation of the same geological fold and thrust feature. E. Sadak is the first Turkish field to demonstrate the commerciality of the deeper Mardin play in the area. Prior to the E. Sadak discovery in 2014, exploration in the area focussed primarily upon shallower traditional Cretaceous objectives.-- Rapid success case monetisation possible - months versus years in UK"

[bionicdog] 29/1/2021 08:49

How you could read that and come to the conclusion that it's a good investment is beyond me. Good luck anyway.

[idriveajag] 29/1/2021 08:45

It's because I did the research that I have decided to start building a stake.I think UKOG could come good very quickly in Turkey.See the UKOG Turkey Presentation dated 20/1/2021:and Press Release on License agreement completion:

[bionicdog] 29/1/2021 08:35

Did you not bother with the "research"?

[idriveajag] 29/1/2021 08:28

I have started to build a stake here. Hopefully drilling in Turkey will begin this quarter and go into production this year if successful.

[25wbh] 29/1/2021 08:21

Good morning all Gismo , Rayrac, Hans ,Iam and all usual friends

[idriveajag] 28/1/2021 22:20

UKOG Turkey Presentation dated 20/1/2021:



and Press Release on License agreement completion:

[sandcrab2] 28/1/2021 18:35

Sovereign Wealth continuing to accumulate

[bionicdog] 28/1/2021 17:45

I had a V12 XJS that used to delight in telling me that is was doing 9mpg.
My advice would be to steer well clear of these. I wouldn't trust the management as far as I could throw them. The only thing that they do well is to take their salaries.

[idriveajag] 28/1/2021 16:28

The Jag is great. I usually trade them in after two or three years. I might get a Volvo 90 next time but would rather stay with British. I'm just starting my research here. Apparently Turkish Arab light to medium sells at a higher price than Brent so would help the economics.

[hans christian andersen] 28/1/2021 16:09

idriveajag
I had 2 jags. The xjs was used on the estate to teach the grandchildren how to drive once the electrics started playing up.
Do you know how much oil was already in the casing and what a swab test is? You may think differently after finding out.
And they haven't even finished the design of the well yet.
You really do some amazing research.

[idriveajag] 28/1/2021 15:57

Thanks. I noticed this quote in their Turkey press release last year:"The Licence holds the significant 50 km(2) Basur-Resan geological feature tested at its western end by the 1964 Basur-1 oil discovery. Basur-1 flowed 500 bbl to surface over a 6-hour period from naturally fractured and dolomitised Cretaceous age Mardin limestones, an extrapolated rate equivalent to 2,000 bbl of oil per day. Basur-Resan is a geological lookalike to AME's proven producing E. Sadak field, 20 km south west, and sits within the continuation of the same geological fold and thrust feature. E. Sadak is the first Turkish field to demonstrate the commerciality of the deeper Mardin play in the area. Prior to the E. Sadak discovery in 2014, exploration in the area focussed primarily upon shallower traditional Cretaceous objectives.-- Rapid success case monetisation possible - months versus years in UK"

[hans christian andersen] 28/1/2021 15:02

March Brent $32 share price 0.57
January Brent $56 share price 0.14

Not a lot.
Some areas in rural areas of Pervari , Eruh and Baykan districts of Siirt province have been declared as Temporary Military Security Zone.
Basur-3 was supposed to have been spudded last year and completed in January.
Reminds me of all the promises that UKOG have previously made.