Uk Oil & Gas Share Discussion Threads

[bionicdog] 21/6/2021 10:33

I'll go for a placing.

[bionicdog] 21/6/2021 10:00

Excitement over. Will they spud by the 27th?

[hans christian andersen] 21/6/2021 09:11

Trust me to go weekend sailing when it hits the fan! Didn't see this one coming.

"the Oceanmec Karahan ZJ40DZ rig has now been mobilised to the site from western Turkey"

Why use someone else's rig when you have 2 of your own? Makes you wonder what is going on at East Sadak?

Where have UKOG got the money from or what arrangement have they made with AME?

Can't call this one. Waiting for a bomb to drop.

[peaky00] 21/6/2021 08:22

Termite!! How many IDs do you hold!

[bspgamer] 21/6/2021 08:17

https://www.youtube.com/embed/3ZWrxyzxVJY

[kemche] 21/6/2021 08:16

Mel, You seem to know your stuff.

[tradermel] 21/6/2021 08:12

There you have it, proof that commentators talk out of their asses. What people have to understand is that most of the fools slagging off this shares on this BB are a bunch of swampy clones just desperate to see the compamy closed. Pathetic.

[25wbh] 21/6/2021 07:19

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

[bionicdog] 20/6/2021 23:15

I already have.

[bionicdoggy] 20/6/2021 22:12

Termite!! Stop eating doggy biscuits, you will never beat me!

[cyan] 18/6/2021 16:43

For a company that was keen to release an absolutely useless RNS regarding joining a geothermal association; their silence now is out of character.

What to make of it all? Surely they have something positive they could release; like saying the rig is being mobilized and pictures will follow soon.

Ummmmm. I bet there's been some fraught conversations with AME in recent days.

[cyan] 18/6/2021 15:47

AME have a couple of their own drills so should not be a problem , once on site.

The satellite images are very poor. On the balance of probability they are more likely works related vehicles rather than just a herd of wandering animals caught on camera lol

[bionicdog] 18/6/2021 15:43

As long as they spud with any old cheap drill , even if it's not up to completing the job.

[cyan] 18/6/2021 15:16

Something appearing (very fuzzy) on satellite imagery in last day as recently linked to on LSE BB




Nothing on UKOG's twitter, yet.



If they are going to beat the deadline something has to happen PDQ .

[bionicdog] 18/6/2021 13:41

Yes , but other than that?

[cyan] 18/6/2021 13:30

This really is Sanderson's last roll of the dice and he will do anything to complete the drill; even if it involved death spiral.


The only, highly remote, imo, possibility is UKOG and AME get kicked off the licence by the Turkish government for failing to commence drilling BY 27th June.

I would be really shocked if the Turkish authorities did that; still; its UKOG's fault for it even becoming a possibility; so reckless not to have all necessary funds in place first.

Much more likely is that the Turkish decision makers will now take a dim view of UKOG's application for further licences.

UKOG need cash for all their operations ; not just Turkey; it has to be raised in the "near" future or all grinds to a halt.

[bionicdog] 18/6/2021 13:11

It was funny though.

[cyan] 18/6/2021 12:22

So many scenarios are possible now.

If they can not place ; how about , just trying to raise by an open offer. ?

May take a little while to complete and would they attract enough cash?

We can not be sure just how urgent UKOG's need for working capital is. They were talking about a "near future " requirement weeks ago.

They really do not want to revisit death spiral; but that would be the last resort.

[cyan] 18/6/2021 11:52

Yes; you are right bionicdog; I was just trying to leave my post with a positive
, if somewhat desperate hope.

The volume is pitiful really. Who would want billions of UKOG shares to move in this climate.

Its intriguing as to what will happen next.

[bionicdog] 18/6/2021 11:41

If that was true , they'd already be selling them and the price would be collapsing. I also think we'd have heard from TW on the matter.