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I am collecting your quotes for the future, when you’ve given permission to do so. Like this one:
RE: Steptoes prediction two months ago
PCs not far wrong apart from sp will be nearer 2.5p you can all quote me on that
C’mon Tymers, you need to be specific. Can we quote you at 3000 bopd? Or 2500? Or in between?
I really hope that is the number or more.
Good luck every true holder
The estimates are very conservative even the top end. Ukog will demonstrate soon enough but cumulative will be nearer 3000 bopd and you can quote me on that. Ukog United
Yes my fault that but clear in RNS
I keep imagining the vertical (near ) bore and the horizontal intersection
All clear in other statement I believe.
300 for Portland hh1 yes as they say they are obtaining 330 dpd they say they have yet to commingle in the same rns of 28th
Potentially all there in the RN's as outlined nothing meaningfully left out 600dpd from the potential commingling of HH1
Need EWT HH2z results and they have hopefully put in the FDP for production from HHz2 and other plans on storage etc
Lets get some action going on site
come on UKOG Unitied
Rns 28 April 2020
"Consequently, with daily flow rates from production start at Horse Hill averaging over 300 barrels of dry oil per day ("bopd"), asset-level opex, inclusive of tanker export, sales and marketing, now equates to $17/bbl."
"These include interventions to add commingled Kimmeridge oil flow. If successful, the resultant incremental production will further reduce the field's overall variable opex costs per bbl."
This indicates the above flows of over 300dopd are from the Portland Horizon
"Prior to the Kimmeridge production switch, which was necessary for the safe drilling and coring of HH-2/2z through the Portland reservoir, total aggregate Portland production reached 29,568 bbl, with HH-1 continuing to produce dry Portland oil at a stable rate of over 220 bopd. Preliminary Company analysis of the final Portland pressure build-up test, indicates that the Portland connected oil volume accessed by HH-1 has significantly increased from 7-11 million bbl to 11-14 million bbl, a robustly commercial volume. "
So we have above confirmation in 2 rns of 300dpd from the Portland horizontal just recently and stable 220 in the past .
So the Portland HH1 will flow 300bpd will it VERY INTRESTING
While reading the RNS's of 23 rd of December I also saw this little nugget that people like to pass over .
"Immediately following the current HH-2z shut-in, flow lines were reconnected to HH-1 and dry Kimmeridge oil flow was resumed on 18 December at an initial half-hourly rate of 354 barrels of oil per day ("bopd") with an average daily rate of 301 bopd. "
So the Kimmeridge HH1 will flow 300bpd will it VERY INTRESTING
I just thought you'd made a mistake - you're saying the 300bopd is from HH-2z only - just seen it in your previous post as well.
That's a new one.
Go on explain why you believe even though we have 300 bpd from the Portland HH1 you think in your esteemed official O&G expert on shares role that the HHZ2 horizontal will see only 100 bpd
RNS 23 December 2019
"UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce the successful completion of the first phase of open hole EWT and associated well clean-up at its Horse Hill-2z ("HH-2z") horizontal well, in which the Company has an 85.635% net controlling interest. During the initial clean-up phase, HH-2z achieved initial rates of up to 1,087 barrels of fluids per day and oil cuts of up to 60%, demonstrating the horizontal's ability to flow at rates significantly greater than the HH-1 vertical well. Produced oil, brought to surface via an electronic submersible pump or "ESP", has been exported to Perenco's Hamble oil terminal for onward sale at market price.
RNS 09 March 2020
"Dry oil flow rates during the initial 48-hour "clean-up" period to date are encouraging, with metered daily rates averaging 223 barrels of oil per day ("bopd"). However, as is to be expected in the early clean-up stage of such a horizontal wellbore, both oil and associated gas rates have been very variable. Half hourly rates have thus ranged from a high of 778 bopd to a low of around 10 bopd during intermittent short periods of "slugging" (i.e. the return of discrete pockets of gas and/or completion fluids).
The water ingress problem meant that HH-2z remained shut-in for almost 3 months, with spent drilling and completion fluids within the near wellbore. Consequently, it is expected that the full clean-up process is likely to take a number of weeks of aggregate flow. As part of the clean-up process, to ensure the full remaining horizontal section contributes towards aggregate oil flow, further interventions are planned to help fine-tune and optimise flow from the well."
Note that the well was shut in before cleaning up and the half hour rates 735 to 10 barrels will still yeald good results.
The biggest thing I took from the RNS of 23rd of December was:-
Downhole pressure gauges also confirmed that HH-2z penetrated a near virgin pressure section of the Portland oil pool. This finding has likely positive implications for the magnitude of connected oil in place and recoverable reserves seen by the field's two wells. Determining the oil volume connected to HH-2z remains a key EWT objective."
All very good for me
Whilst I understand that you think that the 300bopd 'flow' is only from HH-1 I don't.
However if you read my reasoning it's solely based on what UKOG have asked for in terms of tanker export from the site when it's been rearranged which was 3 a day, 18 a week, and assuming it was a maximum allowing some headroom so based on 15 tankers a week. See:- SCC Ref 2020/0018
How that squares with all the temporary flow rates you (short period averages included) and others quote I don't know, maybe they know something you and I don't - eg all the data, not just what they have published. I agree it is disappointing but based on something other than UKOG 'propaganda', poor as it is.
You claim to be an holder and despite knowing we are as per rns flowing 300 bpd from the Portland horizontal you do not accept that the kimmeridge along with the horizontal hhz2 will raise another 150bpd
So as an holder your expectation is for failure of hhz2!!!!!!!
Cant be very much fun in your house on Christmas eve
Bet you never leave a mince pie out,humbug complete waste of time
Poster HH1 HH2z Total
Scallywag3 620 820 1440
Sting69 560 650 1210
Ibug 400 500 900
Mirasol 400 400 800
Tetrolite 360 410 770
Profit00 320 380 700
Capt. Stanley 250 320 570
Rns 28 April 2020
Consequently, with daily flow rates from production start at Horse Hill averaging over 300 barrels of dry oil per day ("bopd"), asset-level opex, inclusive of tanker export, sales and marketing, now equates to $17/bbl.
These include interventions to add commingled Kimmeridge oil flow. If successful, the resultant incremental production will further reduce the field's overall variable opex costs per bbl.This indicates the above flows of over 300dopd are from the Portland Horizon
Prior to the Kimmeridge production switch, which was necessary for the safe drilling and coring of HH-2/2z through the Portland reservoir, total aggregate Portland production reached 29,568 bbl, with HH-1 continuing to produce dry Portland oil at a stable rate of over 220 bopd. Preliminary Company analysis of the final Portland pressure build-up test, indicates that the Portland connected oil volume accessed by HH-1 has significantly increased from 7-11 million bbl to 11-14 million bbl, a robustly commercial volume.
From the above it must be conceded we are getting 300 + barrels per day from the Portland HH few feet of perforation and in fact it tallies all the way back to .
Independent oil consultants Xodus Group's ("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")* when full scale long-term production commences, exceeding original estimates. This analysis is key as it establishes the absolute flow potential of the Portland reservoir for future production wells.
Rns31 march 2020
"The two Kimmeridge oil pools (KL3 and KL4) in the HH-1 well are now recognised to be one single accumulation 358 ft thick, as evidenced by fluid and pressure data."
Rns 12 September
" Prior to the current shut-in, Kimmeridge test production reached a total of 36,559 barrels ("bbl") of dry Brent quality crude at a final metered rate of 313 bbl of oil per day ("bopd") over the final 48 hour test period. Peak instantaneous rates of up to 374 bopd were recorded during this period. Total aggregate Portland and Kimmeridge test production now stands at a landmark 66,127 bbl. Kimmeridge production is planned to continue during the drilling campaign. "
Rns 1st August
Kimmeridge oil flow was re-established at initial half-hourly metered rates of up to 332 bbl of oil per day ("bopd"), with continued stable production of dry oil at daily rates of 200-266 bopd. Total Kimmeridge production to date, now exceeds 30,618 bbl with no apparent produced formation water. Following a 5-month shut-in, flow rates and flowing bottom hole pressures appear more stable than during Phase 1 Kimmeridge testing.
Ukog United for Tymers
Who's talking about 2015 I said 2p it wasn't 2p in 2015 was you ever invested in 2015 I very much doubt it iv been in since late 2015 and been sucked in by the bull ever since! Remember the 120 billion barrels across the weild? And the the 13 billion barrels connected to HH? Doubt you do
Davidwk - look at the ratios. Issued about 5 times as many shares to achieve about 3 times the value, that is not increasing shareholder value but rather reducing it.
UKOG had 1,649,036,509 shares on 26/1/2015. today, 64 months later, it has 8,486,797,492 shares (a bit more since the last issue)
UKOG’s share price closed at 0.36p on 26/1/2015. Today, it trades at 0.22p.
Market cap on 26 Jan 2015: £5,936,531
Market cap 64 months later: £18, 670,955
Why are you banging on about IOW closed railways? What relevance does it have ? No planning permission yet, a long way from any production - Jesus, some of you get so well ahead of reality.....
And until such time as that is passed......... No sense jumping ahead. We don't actually know what is on site now. They have carried out groundworks so it is all guesswork. I think we can all read what will be. We might even get live English football back on TV.
6m market cap? What company are you talking about your on the wrong board I think
SCC Ref 2020/0018
Submitted 31 Jan 2020
RNS 28 Jan:- 'Plans to install a dual completion to enable HH-1 to produce from both the Portland and Kimmeridge oil pools are being formulated.'
Also RNS 23 Dec:- 'a short HH-1 intervention is also planned to further optimise both Kimmeridge and Portland test production from the vertical wellbore.'
This planning application appears to cover the interim period with regard to storage and export of crude until the site is extended and the 'full' development site is built.
It is still to be determioned by delegated powers - but to me indicates what they intend for the site for the time being - or why else submit it.
The difference between then and now is about £12M more market cap.
Value of the company has tripled.
That was before they decided to produce from the Kimmeridge imo. If you are going to start quoting perhaps it may be a good idea to say which planning application and document you are talking about as at present they are working to the SCC Ref 2016/0189 application. It will also save me and everyone else trawling through all the documents. From memory I seem to remember seeing 4 separators on one of the plans and only one on the 2016 planning application (SCC Ref 2016-0189_planning_Illustrative Site Plan EWT Mode HH-2 and SCC Ref 2016-0189_planning_Illustrative Site Plan EWT Mode HH-1.)
They are only planning to have 2 separators on site in the 2 well producing set up (according to the plan in 'The storage of crude oil in association with planning permission for retention of the wellsite and production of hydrocarbons.') and one of these will be dedicated to HH-2z, assuming it's done before the ewt ends, and separators need to be before metering for oil/gas.
As they will be pumping not flowing reservoir pressure is not an issue as they will presumably flow line to surface before mixing the Kimmeridge and Portland oil, the API is different but unless tanks and tankers are dedicated to each reservoir they're going to be exported mixed anyway.
A complication is operational (FDP'd oil) vs investment (test) oil so (relevant for the accounts) unless they are going to FDP the Kimmeridge first it will be an approximation for HH-1.
Maybe they'll add a separator, if I were UKOG I would like to know what is flowing from each reservoir. Alternatively they could alternate the flow allowing each reservoir to 'recover'.
Not to long ago we had less percentage a lot less shares and our share price was over 2p so what exactly have we gained by all this dilution I see 1 duster another well that questionable dosnt flow much at all and 1 well that seems to be diminishing by the day and billions of shares and a CEO that's got his fingers in the cookie jar we are down to 0.2 and nothing to show for it