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Penguins
Latest EA application is for 285 tonnes crude oil storage. Works out at about 2100 barrels. Take into account weekend tanker restriction and maximum they can physically produce in short term is between about 1050 - 1400 bopd depending on tanker timings.
Penguins
Link from UKOG website if the link is not active.
Core TV: Stephen Sanderson discusses adding shareholder value, 27/01/2019. Click here
Good night.
There isn't enough information to determine the likely flow rate from HH-2z. UKOG have quoted an evasive 'significantly more than the vertical well' in recent RNS. In the 2019 final results they claimed 1000bopd from a horizontal well - take your pick.
HH - 1 Portland flowed under test sustainably 220bopd. UKOG suggested this was a prudent rate during testing.and have quoted a calculated rate of 362 bopd was sustainable, but not how long for. So I would expect a rate hopefully between 220 and 362bopd. Anything less than 220bopd would be a disappointment and any more than 362 a surprise.
Goodnight
Penguins the proof of the pudding will be in production as I said before that IMO the OGA restricted the amounts of oil being produced during the EWT.
Once the dual completion is in place the Portland & Kimmeridge will be produced from HH1 & the HH2 Portland seperatly.
From memory SS estimates from his interview were 2000BOPD from the 3 wells with about £30 million revenue per year. ( depending on the oil price I'm sure)
On that basis what are your estimates for HH 1 individual 2 well flows & HH2 flows & revenues?
If HH2 is not flowing as reported then the oil must have come from HH1 but if it was over the last 24 hour period is questionable do you have a definitive answer?
Wizard,
Thank you. As for the Kimmeridge and in terms of the current HH-1 well, and a sustainable flow - yes as that comment was made on 14 November when the Kimmeridge was going to be flowed, not the Portland from HH-1. We shall see.
And talking of excerpts from posts this was from your earlier post today:-
'My questions are is this all from HH1 Portland as the eyes say HH2 not being tested.
Could it be 4*220 barrels today'
So if HH-2z isn't being produced where could the 4*220 is coming from?
It's reasonable to suppose that you were implying the 4*220 was coming from HH-1 Portland.
As for the RNS that is referring to future RNS.
Penguins on this occasion you are correct!
Do you still stand by your comments about the Kimmeridge?
Don't change the subject,
If you are claiming I have posted something either find it or admit you made it up.
This was your previous quote:- 'A exert from your post. '200 bopd from the Kimmeridge (despite assertions the 'taps' would be opened up this seems to be about what the Kimmeridge is actually capable of.'
This was a very selective excerpt - and it's about the Kimmeridge, not the Portland.
Your comment was about the Portland.
So where have I posted 'the Portland will not produce more than 220BOPD if the taps were turned on'
Penguins
Last time you asked me the same question about the same comment you made in your post.
I copied & pasted the comment from your history for you on that occasion.
If you can not remember or find it ok!
There are a number of possibilities for 880 barrels leaving HH in one day I don't remember drawing any or every conclusion or say that it was in a RNS.
I hope you can provide a quote from one of my posts to back up the claim you made earlier today at 10:48:-
'Could it be 4*220 barrels today & would that not just put Penguins deramping down the swany that the Portland will not produce more than 220BOPD if the taps were turned on & current level will deplete not increase.'
As I'm almost certain I have never said that opening up the taps of the Portland could not produce more than 220bopd.
If you do provide a quote make sure it isn't about the Kimmeridge and indicate when it was from.
But I am pretty certain that the vertical well (HH-1) will not be producing 880bopd sustainably from the Portland?
If I'm right and there is no RNS stating that the Portland is producing 880 bopd sustainably from HH-1 will that put your ramping down the Swanee?
Why do you think that HH-2z isn't being tested?