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Just in case it is misunderstood the 'sp' in this sentence shouldn't be there:
Anyone who claims to know what is going to happen (SP, OP, Flow rates, reserves) without all the data is just guessing, even with it all sp predictions for some of these by the company will have a band with a most likely value and a large range which even than will only cover most of the calculated outcomes (P10 to P90).
It should read:
Anyone who claims to know what is going to happen (SP, OP, Flow rates, reserves) without all the data is just guessing, even with it all predictions for some of these by the company will have a band with a most likely value and a large range which even than will only cover most of the calculated outcomes (P10 to P90).
and just to be clearer still I'm primarily referring to Flow Rates and Reserves having ranges of values.
Sting,
Where have I said normal people are predicting 1000bopd from the Portland in HH-1, looking at the 'sweep' no one is even predicting it for HH-2z.
I continually get accused of posting things I don't, read my posts- they are cautious, I know that in O&G E&P there are few certainties except what has happened in the past. Anyone who claims to know what is going to happen (SP, OP, Flow rates, reserves) without all the data is just guessing, even with it all sp predictions for some of these by the company will have a band with a most likely value and a large range which even than will only cover most of the calculated outcomes (P10 to P90)
You also seem to be continuing with the idea that a dual completion of Portland and Kimmeridge is planned using a LRP. Doesn't seem to be possible or if it is it isn't used much, but UKOG did mention changing production in HH-1 to ESP, which is utilised for dual completions (31/03 RNS: '....use of a bespoke permanent magnet electric submersible pump (ESP) in the HH-2z well. We plan in the short term to produce HH-1 via a similar ESP system.')
Your basis of criticism seems to be that you 'see me' as a non holder, and then you launch into a bizarre rant.
One of your complaints seems to be that I spend a lot more time than others can reviewing the RNS and technicals - surely that would be a good reason to read my posts. Although I don't spend much time reviewing either - it's called reading, and hopefully remembering the salient points. I choose not to say anything about myself - just what I'm not, and I'm not a swampy and I am not doing down the company, just telling it as it is - if it doesn't match your view perhaps you should dwell on your main complaint -
'and lots of people on here haven't got the tme to review rns and technicals as much as as you'
The pump is fantastic and can see why so many new investers . Ukog united
Penguin
Are you real
Normal people on here know you wont getv1000 bpd from hh1 Portland horizontal
The big pump is for 600_700 eventual commingled Kim's and Portland
Any more and I'm very happy
Hh2 we wait
Sorry but I am seeing a none holder
Technical bull****ter
You are nothing mate it's just hot air and I and lots of people on here haven't got the tme to review rns and technicals as much as as you
I'll forward a lot of linked in friends I have who would argue with you but frankly it wong change a thing
Your a SWAMP ,enviromenatalist do down the company guy/ girl who ascto appear right
I do not ever say swampy you will never see it in years of posting ever
I do not take it lightly
You are the worse
Good riddance
Gla
R,
just shows how much difference it makes being at the site and reporting what you think is going on:--
'roganjt Posted in: UKOG
Posts: 668 Price: 0.225
No Opinion
News 22 May 2020 09:20
At Horse Hill at the moment, something is afoot They are preparing the site, could be this weekend or early next week! Could this be the start of the work to co-mingle HH1 Portland and Kim, or HH2z interventions, or both!!'
No neither......…
………then again this is the start of one of my posts 23 May:-
Penguins
Posted in: UKOG Posts: 1,967
Price: 0.225 No Opinion
RE: Crane on site 23 May 2020 10:12
'It's predictable that anything happening on site and anything seen is interpreted as a positive, one day hopefully it will be. Last time a crane was seen they pulled the pump off HH-1 and replaced it.......but maybe this time.....'
I'll keep to my 'dribble' thanks.
P,
See the walk make the world of difference, complete dribble and back to normal.
R,
Making comments about another poster being depressed just after mental health awareness week is not a good look, anyway I'm sure you will be pleased to know I'm fine, just busy.
But not really much to comment on - I already posted about the new pump but the thread was deleted - I guess the discussion with sting and skwizz was too much for those that prefer one liners. I'll repeat both my and stings posts if you're missing posts with a bit more meat in them.
Today one tanker seen (apparently 5 missed), first for a week that's been reported. But what's going on at the site, HH-1 being worked on Tues / Wed - pumping Thursday according to you - but what about HH-2z? Shut in? Why, meant to be a 90 day ewt following clean-up? If the horizontal needs a workover that's not just a crane - CT Unit minimum. 31 March RNS said ewt was continuing (as did 28/04 RNS - 'HH-1 in stable oil production, HH-2z EWT ongoing') and workovers of HH-1 have happened during the lockdown.
But those that think that a new LRP on HH-1 will change significantly (if at all) the 'more than 300bopd' previously RNS'd that some posters say is just from HH-1 Portland, 1000bopd capable pump or not, as the sustainable initial rate was calculated to be 362bopd very early on in the testing (10/9/18). No update to this has been made based on the more extensive testing since, or a new reservoir model based on the HH-2 pilot core. Best that UKOG might be able to manage is a quick burst after the shut in to release as a half hour initial rate.
The spread has been interesting today (and other days) with a fantasy Ask (up to 0.29p) and Bid (down to 0.23p) with the lowest trade at 0.24 (I'll ignore the 2 trades totalling £15.50 @ 0.2303) and highest at 0.264p. Hope nobody thought the spread when it was briefly 0.25/0.29 meant that actual trades were rising that much - MMs joining in the 'pump', or was it just manipulating the reporting of buys and sells.
At least it's sunny for your tanker watch, though an RNS with operational details would be preferable.
I can't make sense of your post, poniexpress - in particular the reference to moaners and a share price of £2.20.
No-one would be moaning about a SP of £2.20 - nor even £0.22.
There is, FYO, no such thing as £0.22p.
Sanderson needs to say something just to show he is still living. Albeit if someone could prove he is already dead I expect the SP would climb even higher.
Point is, Living in limbo is never good for a companies share price.
Dead or Alive Sanderson "give us a sign" turn in your grave and give a mini earthquake f you like.
Well that's the week -end started for me.
atb next week everyone.
Good God-The moaners are out in force today. You would think we had passed £2.20 rather than £0.22p. Get a grip.
You've absolutely no right to call me a troll, Tymers.
I am an unhappy investor in UKOG and not in a minority, by any means, as the voting indicates.
The end of your post, ' these trolls are complete tools Happy Days Ukog United' is, in my opinion, idiotic.
Deflect away from the horrors of udog why don’t yo.
Things seem to be looking up here. On the bright side we know SS fixed the water problem with HH2z which much higher paid CEOs such as Hurricanes Energy has failed to do. Ukog have next to no debt, unlike Hurricane Energy that is strapped with over £200 millions worth and unlikely to be able to repay it now it has had to shut one of its two wells, and their MCap is down over a £billion to about half their debt level. UK costs onshore only a fraction of Hurricane offshore running costs and SS is near to getting production down to $12 per barrel.
Longwait hows it going over at Hurricane? These Trolls who can not manage their own investments elsewhere want to vent anger here, you matter not look up the SP is only going North these trolls are complete tools Happy Days Ukog United
Basil, big fan of Defected Records, making lockdown easier to bear! Thanks for that link. Pump It Up!
More great info from the eyes this morning.
Far better than having to ignore and filter through the garbage LSE allow to continue on here.
I'm happy seeing my money working for me :-)
P,
What's wrong, you haven't written 15 pages, just a 2 liner, you must be depressed, talk a long walk you will feel better.
Great.
As it's so obvious that UKOG is producing such large quantities of oil, is there a some special reason why they won't share with us the magic figures?
Is it just that they want the infuriate the 'Trolls'?
First tanker spotted an hour ago but eyes were not at site before that.
Who knows if we might even have six tankers today.
The good news is the new pump is up and running already.
I guess they'll gradually turn it up though rather than putting on full load straight off.
The sun is shinning on UKOG again :-)
Keep on pumping and keep on trucking :-)
Not if we see 6 tankers Monday?
This thread title just about sums it up.
Big dump thread later and the cycle will be complete.
No, just hypothosising!
Basil 1717 are you at the site waiting?
Waiting ages for a tanker, could 3 turn up at once?