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Exciting week ahead. Proof of concept coming and company transformational news. The market does not show confidence in UKOG or other Weald oilers but once they've given out these initial test numbers and shown they can build a production well hugely in the commercially profitable range that view will change with dramatic effects on the share price. Are you in yet or still watching?
No idea - I have no idea which pumps they are buying or renting - they'll want to size the pump as far as possible to the plan but what that is only they know . and there is no reason for them to release that info either.
We should stick with the only numbers given until told otherwise so 700-1000. The EWT is not a licence to go flat out and the storage on site will be factored into their forward plans over the next 2-3 months. Ukog need time to dial in the optimal long term settings for this 2500ft well. If HH2 is capable of delivering more in the short term than the infrastructure can cope with then it bodes very well going into formal ' full production' phase.
SS says he's hoping for 2 - 3 times the existing 220 per day and given the horizontal drill was cut short after the rig engine failure the lower end of that hoped for figure would seem prudent... As an Alba holder i'd like more but 400 would at least allow HHDL to progress into production early next year. If this makes me a non believer so be it https://www.youtube.com/watch?v=e59gHeiAHec&feature=youtu.be
Ninetails I`m investor and in here, I know what I heard and added on what I seen, I`m convinced it going to be good, how good we will have to see, I`m not ramping or anything, I just hope it in what I believe 900-1500 bpd, this will beat many peoples expectation as most believe under 800bpd, like I said it bit like the boxing match yesterday, it could be a knockout or two steps closer to production rather than one, overall I expect it to be positive, I always try to be low key on things and then your exceptions are not disappointed, there is good news and great news, which one will it be and how the market and news wires reacts to it is anyone guess, this is the excitement of investing is the unknown just like when you are on a diet and you just doing your two weekly weigh in, trepidation and more concerned than whether this won`t hit above 900bpd TBF as I expect it to smash it GLA !!!
You would if you could but it's clear that the Portland oil won't flow to surface at sustained rates - the Kimm might but remember they've been pumping away at both for over a year now. You probably get an initial surge flow but the oil doesn't contain enough gas - the gas would expand as it gets towards the surface and push the oil out. Or the reservoir pressures are too low - remember this is pretty close to the surface by oil field standards.
No-one pumps unless they have to = cost, complexity , maintenance etc etc but most onshore UK oil fields are pumped
First the whole idea of using drill mud is to stop any formation fluids entering the well bore and it is constantly pumped down the drill pipe to circulate the cuttings back to surface.
Second the amount of oil that will be in the rock drilled out by the bit will be tiny.
After drilling the mud will be displaced, in this case kill fluid and in turn that will be displaced when they want to start the ewt. The volume of fluid in the slotted liner will be less than 200bbls (without doing a full calculation).
Regarding the storage and permitted volume of oil produced during the ewt both will have been decided through discussion with the OGA. I think the previous increases in permitted volume have been because they have exceeded the time originally agreed for testing (90 days?) not because they have produced at a higher rate.
Tony - the last thing you want to do on a flowing production well is to around changing the flow rate - there is absolutely no guarantee that it will behave the way you expect it to - you'd look a complete idiot if the well didn't come back to the original flow rate. As the computer guys say - storage is cheap.
"He also needs storage to cover the 44 hours from sat lunch time to Monday morning."
He actually needs 68+ hours storage as there are Bank Holiday weekends when they can't ship on Monday - plus there'll be a margin in case the tankers are delayed so probably 80 hours of production minimum capacity on site.
Tony A bit OTT imo. No new bunded areas have been constructed so imo they are limited to the original area (about 1600 barrels) plus the new tanks (2000+ barrels). Any other tanks can't contain oil as they won't be bunded. Any other tanks are probably for water. Will take a lot to clean out a well that long.
What Fjones and the eyes hveseen is enough storage around double the tweeted 2000+ barrels, enough to fill around 18 tankers.. Clearly there are safety margins and settlement tanks and a fire tank.
SS is still setting the site up for testing more than 2 or 3 per day. He also needs storage to cover the 44 hours from sat lunch time to Monday morning.
I don’t know exactly how many tanks or how much it will flow. He has said that ewe are on the most porous section of Portland for most of the 2500 feet, that pressures are standing up better than expected and the cpr will be an increase.
Ninetails, FJ did describe what he saw a couple of days ago, including the new storage tanks. So they are real. Etc. Everyone on here has part of their life savings in this , little or large, it is precious to them. We are nearly there, whatever the outcome. Even SS can`t be certain it will flow when he turns the tap on. Maybe the oil has solidified, or the Russians have drilled into our well and sucked it all off to Russia. Soon know. Bit of fun. I am a believer, Doing Jaz hands.