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I'm sure that Ozzy is loading up with more cheap shares. That is what he keeps preaching.
I wonder if he has ever played chess and understands the concepts; strategy, distraction, lateral thinking and managing one's losses.
Mirasol: please don’t be too hard on Ozzy. After yesterday, he must be Shell-shocked. Sorry, make that UKOG-shocked. As for what to do now, he doesn’t appear to know whether to stick or twist.
I am real, Mirabelle........they spell his name A D R I A N.......I'm not him, but I think he'll be pleased that I'm pointing out your errors
"What overhead costs for IOW/ loxley......they haven't started there yet....keep it real"
You think all the lawyers, environmental experts and planning experts work for free Ozzy/Adrain? Or that they accept UKOG shares as payment??
get real......................
What overhead costs for IOW/ loxley......they haven't started there yet....keep it real
Thank you ibug....I was just about to post that....if only others could be as honest as you
Average price of Brent was $65 in April.
HTTps://www.statista.com/statistics/262861/uk-brent-crude-oil-monthly-price-development/
And it is fairly obvious to me that UKOG have been managing the flow rate as they mentioned in a RNS since the increase in water content. It is a fine balance between POO, disposal costs, water content and oil production which have led to a near constant monthly oil production IMO.
Anyone know what "NO OIL" is?......because UKOG seem to be getting an average of 100 barrels a day of it.......so not exactly no revenue then ....less the water disposal costs of course.....so what is the current estimate of oil revenue from those april figures with the oil price being over $ 70 for that period
Plot the whole history and fit a curve - as an reservoir engineer would do
It's dropped from 240 bopd last April to 101 bopd this April - it look s like a lot of other small UK onshore oil fields - it'll gutter along for some time at these rates
rule of thumb is FIELD breakeven is around 50-60 bopd (depending on water disposal) - but that doesn't pay the corporate overhead and for other operations such as IoW, Loxley etc
Anyone know what
Often disagree with you, Ibug, but you do publish useful information: many thanks.
Mirasol
What planet are you on. Since the workover in November they have been managing the flow rate imo.
202011 101bopd
202012 82bopd
202101 102 bopd
202102 99 bopd
202103 105 bopd
202104 101 bopd
Looking at the graphs it looks as if the rapid decline in production is starting to level out - looks like it'll settle in the 80- 90 bopd range and then very gradually decline from there.
water continues to increase at much the same rate tho
50% water cut has probably moved back to towards December 2021 rather than late summer
Got it eventually. OGA had problems updating their website.
Field Production Data, PPRS (WGS84): Horse Hil
Field region LAND
Reporting unit name HORSE HIL
Reporting Unit Type Code T
Reporting Unit Type Description Onshore Oil Field
Operator Organisation Group UK OIL & GAS PLC
Onshore,Offshore Flag Onshore
Reporting Period in yyyymm format 202104
Reporting Period Month 04
Reporting Period Month Name April
Reporting Period Year 2021
Oil Production Mass (tonnes) 407.80
Oil Production Volume (m3) 482.00
Oil Production volume (mb/d) 0.10
Oil production density (Kg/m3) 846.00
Dry gas production mass (tonnes) 0.00
Dry gas production volume (ksm3) 0.00
Dry Gas Production volume (MMscf/d) 0.00
Dry Gas Production Density (kg/sm3) 0.00
Associated gas production mass (tonnes) 9.15
Associated Gas Production Volume (MMscf/d) 0.01
Associated Gas Production Volume (ksm3) 9.00
Associated Gas Production density (kg/sm3) 1.07
Gas Condensate mass (kg) 0.00
Gas condensate volume (ksm3) 0.00
Gas condensate volume (mb/d) 0.00
Gas condensate density (kg/sm3) 0.00
Gas Flared - Volume (Ksm3)
Gas Flared - Density (Kg/sm3)
Gas Flared - Non Hydrocarbon (%)
Gas Vented - Volume (Ksm3)
Gas Vented - Density (Kg/sm3)
Gas Vented - Non Hydrocarbon (%)
Injected water mass (tonnes)
Injected water volume (m3) 0.00
Injected water volume (mb/d) 0.00
Water production mass (tonnes)
Water production volume (ksm3) 223.00
Water production volume (mb/d) 0.05
Reinjected produced water volume (m3) 0.00
Slight decrease in production if I am not mistaken