Register
Login:
Share:
Email Facebook Twitter


London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Uk Oil & Gas Share Chat (UKOG)



Share Price: 1.00Bid: 0.95Ask: 1.05Change: 0.00 (0.00%)No Movement on Uk Oil & Gas
Spread: 0.10Spread as %: 10.53%Open: 1.05High: 1.05Low: 0.975Yesterday’s Close: 1.00


Share Discussion for Uk Oil & Gas




View all UKOG Messages

Please login or register to post a message on Share Chat.

Posts per page:

Ohmetoe
Posts: 288
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
22 Apr '19
This will change gear once planning drops in , the SP will move upward and once money starts to roll in it will look alot more attractive to investors. Then once the other assets get developed it will look highly attractive for a buy out.

The masterplan is to sell the assets to a big oiler imo
 
ocelot
Posts: 5,743
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
In the hope UKOG can make you a little wealthier, Newboy, all the best.
Newboy58
Posts: 10,810
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Ha, I’m not a wealthy man ocelot, on AIM only risk what you can afford to lose is what I say.. atb
ocelot
Posts: 5,743
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Forgot to add: think you may well be right.
ocelot
Posts: 5,743
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Newboy,

If you seriously think there's a quick 50% - 100% to be made, why restrict yourself to a couple of grand?
Newboy58
Posts: 10,810
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
You know what this “Uncle Stephen” is a bit odd... makes him sound all nice and cuddley when he’s actually a hard arsed businessman who does not give a jot about ukog shareholders, this is one where you have to play the game imho..

Anyway this feels like the current bottom, could be a great time to make a quick 50% - 100% on a couple of grand, what do you recon people??
Oakleak
Posts: 2,024
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Penguin, the word initial does appear in that paragraph, as does the word sustainable. We dont know drop off rates yet, and at some point the well will give up water. Sunny garden calling. GL.
gkb47
Posts: 1,939
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Penguins - read my posts and don't invent things that I never said or that I think to suit whatever agenda it is you have here.
Penguins
Posts: 1,363
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
gkb,

So you think that in production that they don't bother with prudent reservoir management, it's just something they do during testing. As they won't be producing from the Portland section in HH-1 the formation near the well won't even be close to the HH-2 horizontal so they could test to see what it really could sustain. I'm always a bit worried about UKOG's confidence, it was used a couple of times during BB.

Oakleak,

You (and I) have no idea what steps were necessary to acheive the optimised rate but there have been a number of workovers since that statement, but I do notice the word 'initial' in that extract. Maybe they didn't want to illustrate exactly how long initial meant.

Wizard,

I already said that they would require permission which they must have got. Anyway I keep seeing posts claiming they are flowing 2 tankers worth a day - perhaps you should point out to them your theory.

Nice sunny day, so Happy Easter.
Oakleak
Posts: 2,024
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
From SEP 18 rns

" ("Xodus") analysis of flow and pressure data interprets that further HH-1 Portland vertical well optimisation could achieve a forecast sustainable initial 24/7 pumped rate of around 362 barrels of oil per day ("bopd")*

"Further, optimization.". More work would be needed to deliver the 362 barrels.
gkb47
Posts: 1,939
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Subtle de-ramping continues eh? Production rate; Extended Test rate - see the words are different and so is the purpose.

Snippets from RNS 11th April 2019

"For prudent Portland reservoir management purposes, the average pumped rate from HH-1 continues to be maintained below the previously reported 362 bopd calculated optimised sustainable rate."

"We remain fully on track to drill new horizontals in the second quarter of this year and are even more confident that the new Portland horizontal well can achieve its 720-1,080 bopd target. We believe Horse Hill remains well positioned to deliver future significant value."
wizard125
Posts: 1,652
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
21 Apr '19
Penguins

I'm sure that even you are capable of working that one out.

I'm sure to exceed the OGA limit permission would need to be granted.

The most likely outcome being a new daily restriction by the OGA to prevent future problems with them over compliance.
Penguins
Posts: 1,363
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
gkb 47,

Someone posts this every now and then - but during production they will also 'protect' the reservoir, limiting the flow rate to avoid damage. It's unclear why the current production rate is set so low, the calculated sustainable rate was 362 bopd.

As the OGA production limit of 5300 tonnes has already been exceeded this must have have been revised upwards so that doesn't seem to be the reason.
gkb47
Posts: 1,939
Opinion:Buy
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
HHDL flow rate is from a test well and is arranged to protect the reservoir during the EWT until the side tracks are drilled from proper production wells. Suggest you spend a bit of time reading previous RNSs.
Mirasol
Posts: 153
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
No great insight - just that around 200+ barrels a day is very close to a tanker load - so yes - 6 -7 tankers a week on average.

I 'm not sure what the maximum number of tankers there have been in a day but I could see you hiring one for the day and having it make two trips. The on-site facillities aren't a properly designed, long term loading rig either of course so probably a bit inefficient time-wise. That could mean 2 tankers several days next week - which would get some people very excited.........

I occasionally wonder if HHDL's production rate is set to that to keep the cash flowing but not to get the locals upset by producing too much (or rather tanker movements) before they get Planning permission for full production - it's an odd coincidence .......
doughty9
Posts: 274
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
Mirasol

Not quite sure why you expect 2-3 tankers Tuesday to remove the weekend production. Surely 1 to 2 tankers per day have been removing oil from HH in recent weeks. In which case we could expect a big build up over the long weekend. Unless of course there is some downtime on the well.
Shouldhavedone
Posts: 258
Opinion:Strong Buy
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
Happy Easter everyone! Hope you all have a good one!
Back Tuesday.

#ukog!
jmhy
Posts: 2,925
Opinion:Hold
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
Total hypocrites the lot of them ....including swampies atb happy Easter everyone
TIOPAT
Posts: 143
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
Oh yes! The famous Emma T, flying in from L A to support a campaign designed to stop others having a carbon footprint on the earth, and using her annual carbon footprint in one foul swoop... Hopefully she will swim back as example to us all.
Mirasol
Posts: 153
Opinion:No Opinion
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
don't think we'll see any tankers until Tuesday - plus they seem to have a maintenance period most Saturdays. IIRC they might be able to legally get a tanker out by 12:00 today but with all the swampies around and stirred up by Emma T they may prefer to stay low profile. Expect 2-3 tankers Tuesday to remove the weekend production.
Ninetails
Posts: 1,418
Opinion:Hold
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
Happy Easter from the north sea enjoy your weekend all.
lynthip
Posts: 4,619
Opinion:Strong Buy
Price:1.125
RE: Happy Easter Uncle
20 Apr '19
Happy Easter Heid and all
Heid
Posts: 7,560
Opinion:No Opinion
Price:1.125
Happy Easter Uncle
20 Apr '19
Hope all is going well at Horse Hill today and the Oil is rising over this Easter weekend.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.